The cost of using a long-term asset (such as a vehicle), that will be used in a business for several years is spread over the asset's useful life. Its annual allocated cost appears on the income statement as a(n) _____ expense.
variable
inventory
depreciation
receivable

Answers

Answer 1

The book value of fixed assets is reduced as a result of depreciation. Depreciation is the term used to describe how assets lose value over time as they become outdated.

Which property types can be depreciated?

The IRS has detailed regulations regarding the kinds of assets that can be depreciated for accounting purposes. In order for an asset to be depreciable, the IRS says that You are my owner utilized in your business or to generate revenue and possess a known useful life to be anticipated to last for longer than a year.

Which assets are not subject to depreciation?

Nothing that does not wear out, get outdated, or get used up is eligible for depreciation because it does not meet IRS requirements. Moreover, you cannot depreciate.

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Related Questions

During March, a firm expects its total sales to be $160,000, its total variable costs to be $95,000, and its total fixed costs to be $25,000. The contribution margin for March is: Multiple Choice

Answers

Answer:

$65,000

Explanation:

contribution margin = total sales revenue - total variable costs = $160,000 - $95,000 = $65,000

if you want to calculate the contribution margin per units, all you need to do is divide the total contribution margin by the total number of units sold.

for example, if total units = 10,000

contribution margin per unit = $65,000 / 10,000 = $6.50

Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs.
Sales tax on factory
1. machinery purchased $5,000 Select the account to be debited
Equipment Prepaid
Insurance Building Land
Land Improvements
2. Painting of and lettering on
truck immediately upon purchase 700 Select the account to be debited
Land Prepaid
Insurance Equipment Building Land
Improvements
3. Installation and testing of
factory machinery 2,000 Select the account to be debited
Prepaid
Insurance Building Land Equipment Land
Improvements
4. Real estate broker’s
commission on land purchased 3,500 Select the account to be debited
Land Land Improvements Prepaid
Insurance Building Equipment
5. Insurance premium paid for
first year’s insurance on new truck 880 Select the account to be debited
Land Equipment Prepaid Insurance Land
Improvements Building
6. Cost of landscaping on
property purchased 7,200 Select the account to be debited
Equipment Land
Improvements Land Building Prepaid
Insurance
7. Cost of paving parking lot for
new building constructed 17,900 Select the account to be debited
Land
Improvements Land Building Prepaid
Insurance Equipment
8. Cost of clearing, draining,
and filling land 13,300 Select the account to be debited
Prepaid Insurance Land Land
Improvements Building Equipment
9. Architect’s fees on self-
constructed building 10,000

Answers

Answer:

1. Insurance Equipment Building Land

2.Improvements

3.Insurance Building Land Equipment

4.Land

5.Prepaid Insurance

6.Improvements

7.Improvements

8.Land

9.Insurance Building Land Equipment

Explanation:

1. Machinery purchased is a capital expenditure and is included in cost of Equipment.

2. Painting on truck is an improvement, not included in cost of truck

3. These are costs directly related in placing asset in condition of use intended by management. Include in asset cost.

4.These are costs directly related in placing asset in condition of use intended by management. Include in asset cost.

5.This is an asset and economic benefits will flow in the entity in future.

6. Landscaping costs not included in cost of property. Stand on their own as improvements

7. Paving costs not included in cost of property. Stand on their own as improvements

8.These are costs directly related in placing asset in condition of use intended by management. Include in asset cost.

9.These are costs directly related in placing asset in condition of use intended by management. Include in asset cost.

If any of the customers in the market purchase any item from the shop, it experiences an amount to be deducted, and the shopkeeper experiences an amount to get added and this is known as the debiting and crediting of the amount. The shopkeeper when purchasing any of the raw material or anything experiences the amount to be debited situation.

The classification of various materials to be debited in the respective incurred cost is attached below.

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Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs.Sales

If the total cost function is given by TC=1500+20Q-3Q^2+Q^3, where Q stands for the
level of output produced so find The level of output that minimize marginal cost?

Answers

Q = 1 is the output level with the lowest marginal cost.

What is Marginal Cost?

The cost of producing an additional unit of output or increasing production by one unit is referred to as marginal cost. It is calculated by dividing the change in output quantity by the change in total costs. To put it another way, it is the price of making one more unit of a good or service. In economics, margin cost is important because it helps businesses decide on production levels and pricing strategies. Firms are able to determine the most profitable production level by comparing the marginal cost to the marginal revenue.

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Explain three macroeconomic factors and three microeconomic factors that influence job markets and career decisions.

Answers

The job market and career decision-making is greatly impacted by three macroeconomic factors: economic growth, inflation, and interest rates.

Explain three macroeconomic factors and three microeconomic factors that influence job markets and career decisions.

Positive economic growth can lead to more work opportunities, while elevated levels of inflation and/or high interest rates might reduce the amount of nascent jobs and impede the hiring process.

Likewise, microeconomic elements such as industry trends, competition, and technical advancements also bear an influence on the job market and related decisions. Each sector’s trends affect the demand for certain types of positions, while rivalry can have an impact on salaries and job safety.

These days, the incorporation of technological advancements in both the organizational climate and manner of operation often creates a new variety of employments that necessitate novel abilities for employees.

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read the attached file

read the attached file

Answers

Answer:

1)

A good without any good substitutes is likely to have a relatively low elasticity of demand. Low elasticity of demand means that consumers cannot replace the good with substitutes when the price goes up.

2)

The yacht is likely to have the more elastic demand because it is a luxury good that people can easily forgo in case they do not have enough income. An amputation procedure for a diabetic on the other hand, is a medical issue that is will have an extremely inelastic demand. In other words, patients will pay any necessary amount for the procedure, because it is vital for their lives.

3)

Food as a whole will be the least elastic because people cannot go without food, and it is one of the most basic necessities that need to be covered.

Vegetables will be in between. They are one essential food group, but they could be replaced in some cases.

Red bell peppers is the most elastic good because it is akin to a luxury good in the sense that is not objectively necessary to consume for anything other than flavor, and as a spice, it has many close substitutes.

4)

The demand for natural gas will tend to be less elastic in the short run than in the long run. In the short-run, people will have to continue buying natural gas even if the price rises, but in the long-run, many people will opt for other alternatives like electric cars.

A company expects a shortage of raw materials required for production. What kind of factor is influencing its buying decision?
A.
individual
B.
interpersonal
C.
environmental
D.
organizational

Answers

Answer:

C.) Enviromental

Explanation:

Got this right on plato

Answer:

C

Explanation: I got it right on edmentum

you have successfully delivered a client project which was very critical for infosys the learnings can help other team in infosys in similar enagegements you want to put together a case studywhat steps should you take

Answers

The steps you should take after successfully delivering a client's project to help other team members in similar engagements in info-systems projects include the following:

Case SelectionEstablishing a theoretical frameworkData CollectionDescription and analysis.

What is info-systems engagement documentation steps?

Infor-systems engagement documentation enables project members to capture all engagement activities and projects so that the following achievements can be recorded:

Monitoring and evaluation of engagement projects.Providing a consolidated database for recording and reporting external collaborations.Providing project controls with deliverables, timescale, and budget.

Thus, to enable learnings, the above case study steps must be taken by project teams.

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A miniature golf course owner has a location near LBCC. On a weekday during the school year, she observes that 100 players show up at a price of $15 each. On weekends, the demand increases by 50. During school break, only sell 50 show up. The owner tries Travelzoo coupons to boost sales. If she gives a 25% off coupon, sales increase by 25%. If she gives a 50% off coupon, she can boost sales by 50% over the base price. Copy the following chart to your workbook and fill in the numbers:

Quantity sold Selling price
School Year Weekday
25% off coupon
50% off coupon
School Year Weekends
25% off coupon
50% off coupon
School Breaks
25% off coupon
50% off coupon

Answers

Answer:

Miniature Golf Course

Filling in the Numbers in the Chart:

                                      Quantity  Selling

                                         sold       price

School Year Weekday    100          $15

25% off coupon              125          $11.25

50% off coupon              150           $7.5

School Year Weekends 150          $15

25% off coupon              188          $11.25

50% off coupon             225          $7.5

School Breaks                 50          $15

25% off coupon               63          $11.25

50% off coupon               75           $7.5

Explanation:

a) Data and Calculations:

Sales during weekday during the school year = 100

                                      Quantity  Selling

                                          sold      price

School Year Weekday    100          $15

25% off coupon              125          $11.25 ($15 * 1 - 0.25)

50% off coupon              150           $7.5 ($15 * 1- 0.5)

School Year Weekends 150          $15

25% off coupon              188          $11.25 ($15 * 1 - 0.25)

50% off coupon             225          $7.5 ($15 * 1- 0.5)

School Breaks                 50          $15

25% off coupon               63          $11.25 ($15 * 1 - 0.25)

50% off coupon               75           $7.5 ($15 * 1- 0.5)

According to O*NET, what are some common tasks Ship and Boat Captains perform? Check all that apply.

computing positions, setting courses, and determining speeds
using tools to fix broken equipment
measuring depths of water
steering and operating vessels
inspecting vessels
overseeing the schedule for docking many vessels at once

Answers

Based on the O*NET website, the common tasks performed by Ship and Boat Captains are: Computing positions, setting courses, and determining speeds, Steering and operating vessels, Inspecting vessels, Overseeing the schedule for docking many vessels at once.

What are the correct options and what is o*net website?

the correct options are:

Computing positions, setting courses, and determining speeds

Steering and operating vessels

Inspecting vessels

Overseeing the schedule for docking many vessels at once

O*NET (Occupational Information Network) is an online database that provides information on hundreds of occupations in the United States. It is developed and maintained by the US Department of Labor and contains detailed information on various aspects of occupations, including job duties, required skills, education and training requirements, salaries, and job outlooks.

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A bookkeeper's first task is to

Answers

Answer:

bookkeepers first task is to divide all the firm's transactions into meaningful categories such as sales documents, purchasing receipts, and shipping documents, being very careful to keep the information organized and manageable.

___________ is a way of saving a file so it can be used by a different program. A. Selecting B. Exporting C. Citing D. Formatting Please select the best answer from the choices provided A B C D Mark this and return

Answers

Answer:

B. Exporting

Explanation:

which of these industries is among the fastest growing today?

Answers

Today, the health care industry is among the fastest growing today. The Option B is correct.

Why is health care industry fast growing?

Medical advances and advancements in medicine and technology have a significant impact on the growth of the healthcare industry, affecting demand for healthcare services.

All these creates more opportunities for workers who are required to provide these services. Those with a master's degree in healthcare management will have many opportunities to fill these positions.

Missing options " A. the Postal Service B. health care C. manufacturing D. education

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Jerome does not pay his balances off on his credit cards each month. He often has to pay interest and finance charges. What is Jerome in this scenario?

A.
a cosigner

B.
a credit counselor

C.
a convenience user

D.
a borrower

Answers

Jerome doesn't pay off his credit card balances every month. He often has to pay interest and finance charges. In this scenario, Jerome is a borrower. Option D is correct.

What is a borrower?

Corresponds to an individual who borrows money from a creditor with the agreement to pay it back over time, usually with interest. In the case of credit cards, the borrower uses the card to make purchases or get cash advances and then agrees to pay back the borrowed amount plus interest and other fees.

Therefore, Jerome's actions of not paying credit card balances each month and incurring interest and finance charges makes him a borrower.

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Question 3 (1 point)
According to McEwan (2015), work-life spillover occurs when:
Work intrudes into time set aside for family time and family concerns spill into
work time
A person uses mobile communication to expand interpersonal communication
events to others who could not be present
A person is on their mobile device in a public place and it is expected that others
around them will politely ignore the conversation
An employee spills his or her lunch on their work station

Answers

According to McEwan (2015), work-life spillover occurs when work intrudes into time set aside for family time and family concerns spill into work time. The Option A is correct.

What is work-life spillover and how does it affect individuals?

The spillover means when the work and family responsibilities are bleeding into each other like as when an employee is expected to respond to work emails during family time or when family concerns distract an employee while at work.

This situation can lead to stress, burnout and a decrease in productivity both at work and in personal life. It is important for individuals to establish clear boundaries between work and family time to prevent spillover and maintain a healthy work-life balance.

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what is the background of the unilever company?

Answers

Answer:

Ueliever somthing i forgot

Explanation:

Amy currently volunteers at her local hospital. She would like to one day
become a doctor. What is the best type of student organization for Amy to
join?
A. One that has a focus on community service
B. One that has a focus on technology careers
c. One that has a focus on health care careers
• D. One that has a focus on building marketing skills

Answers

Option C, which refers to One with a focus on careers in healthcare, is entirely accurate.

What are the benefits of health care?

efforts made, especially by trained and licenced professionals, to maintain or restore one's physical, mental, or emotional well-being. used with a hyphen when being attributed. healthcare professionals.

When provided effectively, health care is generally regarded as a key factor in promoting the overall physical, mental, and social well-being of people around the world and can play a significant role in a nation's economy, development, and industrialization.

The phrase "healthcare process" was defined as "the order of steps we frequently take when giving treatment to patients who belong to various defined groups.

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What is a long-term consequence of making payments on your bills

Answers

Answer: It will be harder to secure a new loan at a low rate. The balance in your checking account will be negative.

Strawberry Hopes: "Hey Strawberry Cow here! Hope this helps! Hope you are having a great afternoon!"

~Strawberry Cow~

listen here lads i need a sonnet about food or cars or sports or video games mainly rocket league o cod

Answers

Answer:

what?

Explanation:

Answer:

rocket league, rocket league, rocket league

the game that i play every day

the game that is totally yay

that game that we all know is the way.

when i play everyday and my mom says,

"Hey get off that game

and enjoy the beautifal day

before the sun comes down

or you'll rot your brain!"

i remember myself that rocket league is

the game that i play everyday

the game that is totally yay

that game that we all know is the way  

                                                                 -114321

Explanation:

de end XD

Alpha and Gamma are friends since their childhood. They have got whole of their education in every
school jointly. Recently, both of them have graduated from a local business school getting degrees in
business management. After this graduation, they decided to start a business of online car rental. For that
purpose, they got developed a mobile application named Carg that can be run on all Android and Apple
smart phones. Further, they shared their business plan with a professional promotor to setup a new
business entity. With all the necessary documentation, the new entity has been successfully registered on
5
th of January 2023 with the SECP as a limited liability company in the name of Alpha Limited. It was
registered with the capital of Rs. 500,000 divided into 25,000 ordinary shares of Rs. 20 each. On 20th of
January, the new company offered 15,000 shares at par to the general public. On 23rd of January, the
company’s bank informed it that application money on 14,500 shares has been received from the general
public in the company’s bank account. Alpha’s management allotted shares to all the applicants on 31st of
January, 2023.
You are required to identify the kinds of share capital presented in this case describing briefly the each kind

Answers

The types of share capital presented in this case are authorized share capital, issued share capital, subscribed share capital, called-up share capital, and paid-up share capital.

The case presented involves different types of share capital. The first type of share capital is authorized share capital, which refers to the maximum amount of capital that the company is allowed to raise through the issuance of shares. In this case, Alpha Limited has an authorized share capital of Rs. 500,000, which is divided into 25,000 ordinary shares of Rs. 20 each.

The second type of share capital is issued share capital, which refers to the amount of share capital that has been issued by the company. In this case, Alpha Limited has issued 15,000 ordinary shares to the general public at par value. The total amount of money received by the company for these shares is Rs. 300,000 (15,000 shares x Rs. 20 par value).

The third type of share capital is subscribed share capital, which refers to the amount of share capital that has been subscribed for by the shareholders. In this case, the general public has subscribed for 14,500 shares, which means that they have agreed to purchase these shares at par value.

The fourth type of share capital is called called-up share capital, which refers to the amount of share capital that the company has requested the shareholders to pay. In this case, Alpha Limited has requested the general public to pay the par value of the shares they have subscribed for, which amounts to Rs. 290,000 (14,500 shares x Rs. 20 par value).

The fifth type of share capital is paid-up share capital, which refers to the amount of share capital that has been actually paid by the shareholders. In this case, it is not specified whether the general public has paid the full amount of the shares they have subscribed for, but it is assumed that they have paid the par value of the shares since Alpha's management has allotted shares to all the applicants.
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(Ethical Dilemma)
The American car battery industry boasts that its recycling rate now exceeds 95%, the highest rate for any commodity. However, with changes brought about by specialization and globalization, parts of the recycling system are moving offshore. This is particularly true of automobile batteries, which contain lead. The Environmental Protection Agency (EPA) is contributing to the offshore flow with newly implemented standards that make domestic battery recycling increasingly difficult and expensive. The result is a major increase in used batteries going to Mexico, where environmental standards and control are less demanding than they are in the U.S. One in five batteries is now exported to Mexico. There is seldom difficulty finding buyers because lead is expensive and in worldwide demand. While U.S. recyclers operate in sealed, mechanized plants, with smokestacks equipped with scrubbers and plant surroundings monitored for traces of lead, this is not the case in most Mexican plants. The harm from lead is legendary, with long-run residual effects. Health issues include high blood pressure, kidney damage, and detrimental effects on fetuses during pregnancy, neurological problems, and arrested development in children.
Given the two scenarios below, what action do you take?
a) You own an independent auto repair shop and are trying to safely dispose of a few old batteries each week. (Your battery supplier is an auto parts supplier who refuses to take your old batteries.)
b) You are manager of a large retailer responsible for disposal of thousands of used batteries each day.

Answers

Answer:

(Ethical Dilemma)

The American car battery industry

a) I will establish contact with battery recyclers in the U.S. to work out a good arrangement with them to collect the old batteries periodically.  Some favorable terms with the recyclers will rake in some revenue on disposal.  Alternatively, I will search for resellers who export to some recyclers in Mexico or other countries, which operate with reasonable ethical environmental standards and get them to buy the old batteries.  I am aware that not all the recyclers in Mexico will be following less demanding standards.  My shop can work through such recyclers.

b) As a manager of a large retailer with responsibility for the disposal of thousands of used batteries each day, I will seek to understand that correct environmental standards are being followed by the buyers of used batteries in the US, Mexico, or elsewhere before selling to them.  Non-compliance with ethical and environmental requirements do not just jeopardize the health of those directly involved, the health of many others are also in danger.  I cannot only be interested in selling off used batteries, I will ensure that the environmental footprint is not too high, because I, my family, and my business live and operate in the environment.  We must conserve a clean environment for the continued health of all.

Explanation:

Ethical environmental matters affect every living person.  The future is put in danger if nothing is done rightly today.

Please post about a time when your attitude made a positive difference.

Answers

Developing a positive mindset at work can help you achieve success. It has happened for me several times in my career.

One of the instances I'd like to tell is when I was vying for the position of manager in my workplace as an employee.

In a telecom company, I managed the sales department. I had been working there for 7 years with no success; three of the employees put in less time than I did yet managed to get the top position. I was demotivated by the thought that perhaps there is something I am not doing correctly when I repeatedly lost the post to them. Even though my sales figures were strong, luck evaded me in some way.

Since there had been no advancement, it had been ten years. Nonetheless, I never wavered from my commitment to keep trying. I consistently adhered to the fundamentals and worked to become a better seller. My sales started to rise considerably.

Ultimately, the figures were significant enough to turn the proper heads. Finally, I received a promotion, but guess what? It was to the position of Area Retail Head, which is much more important than Manager. While it took ten years, I am still happy with my accomplishments. It's still as delicious as it was before.

Therefore, being positive in all those years, not looking back or getting discouraged paid dividends and made a huge difference in my life.

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10. Which SMART goal element is missing from this goal?
"You must stock 20 boxes of product onto the store shelves."
OA. S-Specific
B. M-Measurable
OC.T-Time-Based
OD. A-Achievable

Answers

This element ensures that the goal can be achieved realistically by analyzing the available resources, skillsets, and knowledge. The goal doesn't mention any factors related to achievability or practicality. Therefore, it is missing the achievable element. The correct option is d.

SMART is an acronym for Specific, Measurable, Achievable, Relevant, and Time-bound. These are the five elements that are required for a successful goal. Let's have a brief idea about the 5 elements of SMART goals:

Specific: It refers to the goal being clear and specific. It should answer the questions of what, why, and how.Measurable: This element is important to know the progress and when it's achieved.Achievable: Goals need to be practical and attainable. Relevant: It should be relevant to the company's goals, values, and objectives.Time-bound: This element is related to setting a deadline to achieve the goal. The goal must be achieved within a specific period.

Missing SMART element:Achievable is the missing SMART element from the goal "You must stock 20 boxes of product onto the store shelves."This element ensures that the goal can be achieved realistically by analyzing the available resources, skillsets, and knowledge. In this scenario, the goal doesn't mention any factors related to achievability or practicality. Therefore, it is missing the achievable element. The correct option is d.

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New Venture Management (1)


1. Explain the below the process of financial management.

*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results

Answers

The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.

The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:

Importance of Financial Statements - Preparation of Historic Financial Statements:

Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.

Forecasts - Preparation of Forecasts:

Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.

Budgets - Preparation of Pro Forma Financial Statements:

Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.

Financial Ratios - Ongoing Analysis of Financial Results:

Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.

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Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00

Answers

it’s fail and repeat the grade

For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Management’s net income goal is $77,800. Compute the required sales in dollars needed to achieve management’s target net income of $77,800. (Use the contribution margin approach.)

Answers

Answer: $865000

Explanation:

Contribution margin ratio would be gotten as:

= 100% - 68%

= 32%

= 0.32

Then, the desired sales would be:

= (Fixed cost + desired profit) / CM ratio

= (199,000 + 77800) / 0.32

= 276800 / 0.32

= $865000

You can ready yourself for an interview by:
a. Conducting a practice interview
b. Preparing answers to typical questions
c. Researching the company
d. All of the above
Please select the best answer from the choices provided
о А
o B
Mark this and return
Save and Exit
Nex
Submit

Answers

The correct answer is D. All of the above

Explanation:

Preparing for an interview implies as a candidate for a job knowing beforehand how to answer and behave during the interview. One of the best ways to achieve this is to prepare answers to typical questions because, in this way, your answers will be coherent, complete and you will show confidence when answering.

Besides this, you can conduct a practice interview or recreate the interview; this will help you to practice how to talk, introduce yourself, or behave during the interview.

Moreover, to be ready for the interview you should be well informed about the company because it is common some interview questions are related to the company goals or expectations of an employee, and in this way, you can answer appropriately and show your interest in working in the company.

There are three different types of business ownerships: Sole Proprietorship, Partnerships and Corporations. Explain why different types of businesses exist, and why a business might choose one type of ownership over the other

Answers

Different types of businesses exist to accommodate varying needs, goals, and circumstances of entrepreneurs and business owners. The choice of business ownership is influenced by several factors, including liability, taxation, management structure,  and long-term business objectives.

Sole Proprietorship:

A sole proprietorship is the simplest form of business ownership, where a single individual owns and operates the business. This type of ownership may be preferred for the following reasons:

Ease of formation: Sole proprietorships are easy and inexpensive to set up compared to other types of ownership structures.

Complete control: The owner has full control over decision-making and business operations.

Tax advantages: Sole proprietors can benefit from certain tax advantages, such as reporting business income on their personal tax return and potentially offsetting losses against other income.

Partnerships:

Partnerships involve two or more individuals who come together to carry out a business venture. Partnerships offer the following advantages:

Shared responsibility and expertise: Partners can contribute different skills, resources, and expertise to the business.

Shared risk and liability: Partnerships distribute the business's risks and liabilities among the partners, which can provide a level of protection for individual partners.

Flexibility: Partnerships can be relatively easy to establish and dissolve, providing flexibility for collaboration on specific projects or ventures.

Corporations:

Corporations are separate legal entities distinct from their owners/shareholders. They are often chosen for the following reasons:

Limited liability: Shareholders' personal assets are generally protected from the corporation's debts and liabilities, limiting personal risk.

Access to capital: Corporations can issue shares of stock to raise funds and attract investors. This makes it easier to access capital for growth and expansion.

Perpetual existence: Corporations can continue to exist even if the ownership or management changes, providing stability and continuity.

It's important to note that each business structure has its own advantages and disadvantages, and the choice depends on the specific circumstances, goals, and preferences of the business owners. Consulting with legal and financial professionals can help entrepreneurs make informed decisions about the most suitable business ownership structure for their particular situation.

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A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be?

Answers

Depreciation is the process of allocating the price of a plant asset to expense in the accounting periods benefiting from its use.

How is the whole depreciation of a plant asset calculated?

Determine the value of the asset. Subtract the estimated salvage price of the asset from the cost of the asset to get the whole depreciable amount. Determine the beneficial lifestyles of the asset. Divide the sum of step (2) by using the wide variety arrived at in step (3) to get the annual depreciation amount.

Depreciation is the technique of allocating to expense the cost of a plant asset over its beneficial (service) existence in a rational and systematic manner. Such cost allocation is designed to desirable in shape prices with revenues.

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You are reading product reviews posted online by consumers. Which external information source are you using?
A. company website
B.industry website
industry website
C. social media
D. print media
E consumer report

Answers

Option (e), Reading customer reviews of products that have been put online. The external information source you're employing is called Consumer Report.

What does it mean when something is a "internal source" or a "external source"?

Internal data refers to information regarding the business's activities, maintenance, personnel, and finances. Market information that comes from customers and competitors is external. It comprises data like statistics from surveys, polls, research studies, and customer feedback.

Consumer reviews are what kind of information?

Customer review data is the sum of consumer ratings and reviews of products, services, and businesses. Customer feedback data looks at how consumers engage with and use a brand's products and services. what consumers think about a business.

Why are consumer product reviews important?

Product reviews help businesses choose which products to stock in addition to helping consumers make informed decisions. According to Invsep, 90% of customers check internet reviews before visiting a business, and 88% of them think that these reviews are just as trustworthy as personal recommendations.

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Under what elasticity conditions would the following be true? "Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage."

Answers

Answer:

The elasticity of labor is elastic (low elastic).

Explanation:

The given situation or condition, the rise in minimum wage will lead to decrease the employment for the person who earns lower than new minimum wage shows that the labor demand is elastic or elasticity for the labor is low because the increase in the minimum wage lead discourages to the producer to hire unskilled labor. Therefore, employment will decrease with an increase in the minimum wage.

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