a company is considering the purchase of a new machine for $48,000. management predicts that the machine can produce sales of $16,000 each year for the next 10 years and will have a zero-salvage value. expenses are expected to include direct materials, direct labor, and factory overhead totaling $9,600 per year plus depreciation expense of $4,000 per year. the company's annual income is $2,400. what is the accounting rate of return for the machine?
Answers
The accounting rate of return for the machine is 10%.
What is the accounting rate of return?The accounting rate of return is a capital budgeting method that is used to determine how profitable a business is.
The accounting rate of return is the ratio of the average net income from a project to the average net cost.
Accounting rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
Average book value = (48,000 - 0) / 2 = $24,000
Accounting rate of return = 2,400 / 24,000 = 0.1 = 10%
An accounting rate of return of 10% means that project is expected to earn ten cents for every dollar invested per year.
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Related Questions
if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month
Answers
What is not a career cluster
Answers
Answer: A pathway?
Explanation: Pathways aren't career clusters because they branch off of career clusters. Examples of pathways include but aren't limited to interior designers, chefs, photographers, etc. Career clusters include Finance, Health Science, etc, and have many possible career options.
Hope this helps! :)
Match the phrase that follows with the term (a-e) it describes. integrated set of operating and financing budgets for a period of time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at several activity levels begins by estimating the quantity of sales shows expected results at only one activity level 1. static budget 2. flexible budget 3. master budget 4. sales budget 5. production budget
Answers
1. Master budget: it is an integrated set of operating and financing budgets for a period of time.
2. Production budget: it estimates the number of units to be manufactured to meet sales and inventory levels.
3. Flexible budget: it shows expected results at several activity levels.
4. Sales budget: it begins by estimating the quantity of sales.
5. Static budget: it shows expected results at only one activity level.
A budget can be defined as a financial plan that is used for the estimation of revenue and expenditures of an individual, organization or government, especially for a specified period of time, often one (1) year.
Basically, there are different types of budget and this include:
1. Master budget: it comprises an integrated set of both investing, operating and financing budgets for a specified period of time, often one (1) year.
2. Production budget: it estimates the number of units to be manufactured by a business firm, so as to meet budgeted sales and inventory levels.
3. Flexible budget: it shows expected results of a business firm (responsibility center) at several activity levels.
It is also referred to as variable budget and it's used both before and after a period's activities are completed.4. Sales budget: it begins by estimating the quantity of sales.
Once the quantity of sales are estimated, the sales revenue that are expected is calculated by multiplying the expected unit sales price by the volume.5. Static budget: it shows expected results of a business firm (responsibility center) at only one activity level.
A static budget is usually based on a predicted amount of sales or any other measure of activity.Read more on budget here: https://brainly.com/question/8976831
A company offering tax refund anticipation loans is trying to draw new customers. The company guarantees that the annual percentage rate on its loans is 39%. What fees would the company charge on a $1,200 loan if the term of the loan is 18 days? (Round to the nearest dollar).
Answers
Answer:
$23
Explanation:
If the annual percentage rate is 39%, the rate on 18 days can be calculated as shown below.
(1 year) 365days = 39%
18 days = ?
let the unknown rate be represented by X
X = (18 x 39) ÷ 365
X = 1.92%
If the principal is $1,200, then the rate charged after 18 days is;
(1.92 ÷ 100) x $1,200
0.0192 x $1,200
= $23.07≈ $23 (to the nearest dollar)
Cheers.
The correct answer is option B) $23. I just did the exam and got it right!
The Sanding Department of Cullumber Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 7,420 units completed and transferred out; 3,180 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,920; labor $22,260; and overhead $38,160. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)
Answers
The unit cost of production is $11.07 as per the information provided.
Unit cost of production = Total manufacturing costs / Units completed and transferred out
= $ 94,340 / 7,420= $ 12.70
Conversion cost of ending work in process = 20% of conversion costs for the month
= 20% × $ 60,420= $ 12,084
Total cost of ending work in process = Cost of materials + Conversion cost of ending work in process
= $ 0 + $ 12,084
= $ 12,084
Total production cost = Cost of units completed and transferred out + Cost of ending work in process
= ($ 94,340 − $ 12,084) + $ 12,084
= $ 94,340
Therefore, the production cost report for March 2022 is as follows:
Total Units completed and transferred out7,420Less:
Units in ending work in process(3,180)
Units accounted for10,600Costs:
Cost of materials$33,920Cost of labor$22,260
Overhead cost$38,160
Total manufacturing cost$94,340
Less: Cost of ending work in process$12,084
Cost of units completed and transferred out$82,256
Unit cost of production:
Total cost of production / Units completed and transferred out= $ 82,256 / 7,420= $ 11.07Therefore, the unit cost of production is $11.07 (rounded to two decimal places).
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2. Which type of work — a job or a career — do you think demands more emotional energy, and why?
Answers
Answer:
doctor
Explanation:
Making sure everyone is well taken care of and prescribed the right medication
Both jobs and careers can demand emotional energy, but the level of emotional energy required may vary.
What is a jobA job is typically short-term and may not provide a strong sense of purpose, leading to a lower emotional investment. On the other hand, a career involves long-term goals and personal development, leading to a deeper commitment and sense of purpose, which can require a higher level of emotional energy.
Individual circumstances, job responsibilities, and personal motivations can also influence the emotional energy demanded by a job or career. Ultimately, emotional energy is an important consideration in both professional pursuits, as it impacts job satisfaction, motivation, and overall well-being.
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all the following are reasons to invest, EXCEPT
Answers
Answer:
B
Explanation:
Which stage of new product development would you be most interested in participating in? Explain.
Answers
Answer:
prototyping
Explanation: Because with this stage you will be able to see rough draft of the product and you will be able to the strongest and weakest parts of your project. Prototyping makes it possible to concertize an idea and to understand which aspects of the idea prove difficult or impossible to implement. Making a prototype can thus highlight unanticipated physical, technical or financial constraints.
Yasmine’s boss is very unpredictable. Somedays he is completely open to new ideas and encourages everyone to participate. Other times, he completely shuts down and yells at anyone who tries to offer any new ideas. Which part of Goldberg’s OCEAN model does this BEST demonstrate?
A.
neuroticism
B.
conscientiousness
C.
extroversion
D.
agreeableness
Answers
The part of Goldberg’s OCEAN model does this best demonstrate this personality trait is Agreeableness
Agreeableness is a type of personality trait that includes attributes such as trust, altruism, kindness, etc.Individuals who are high in agreeableness tend to be more cooperative with other people and when they are low in this trait, they become more competitive, rude, do not care about how other people feel, insults and belittles others etc.Agreeableness personality attributes are trustworthiness, kindness and when people with this trait are in their low state, they tend to be rude and harsh.
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a magazine or newsletter that focuses on a specific industry; also called trade journal
Answers
A periodical that focuses on news, trends, and problems in a certain industry or trade association is known as a trade journal or trade magazine.
What is a trade journal?In-depth information on trends, new products, and other subjects of interest to persons working in that business is provided by trade journals, which are publications with a certain industry as their focus.
An industry-specific journal or magazine is referred to as a trade publication.
To avoid making the same mistakes again, keep a trading journal. That will eventually enable you to cut down on your losses and concentrate on the parts of your trading plan that are most likely to yield profits.
The entire history of your trading is documented in a trading notebook. Your trading results should be accurately recorded since they help you evaluate the overall success of your trading decisions and the efficacy of your approach.
A trading notebook can help you become a more effective trader by keeping track of your trades and trading development by studying where you do well and where you perform poorly. In this manner, you can concentrate on your strengths and determine your areas for improvement.
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A consulting company won a $20.8 million three-year contract. The contract requires software development, hosting, and maintenance over three years. The total estimated cost of the project is $17 million, with $10 million expected in Year 1, $5 million in Year 2, and $2 million in Year 3. The billing schedule shows that $5 million will be billed upon start of the work, and then $5 million at each year end. At the end of the first year, the actual cost incurred is $9 million, and total estimated costs are unchanged at $17 million. Using the percentage-of-completion method, how much revenue should be recognized at the end of the first year
Answers
Answer:17%
Explanation: I just want points
The company's internal auditors and the Ethics Officer should report:
Day-to-day to the CEO
Day-to-day to the Audit Committee of the Board of Directors
Regularly to the Audit Committee of the Board of Directors without management being
present
(a) and (c)
(a) and (b)
Answers
(a) and (c). Internal auditors and the Ethics Officer should report day-to-day to the CEO (a) and regularly to the Audit Committee of the Board of Directors without management being present (c).
(a) Internal auditors and the Ethics Officer need to report day-to-day to the CEO to keep them informed about ongoing audits, ethical concerns, and potential risks. This ensures that the CEO has immediate knowledge of any critical issues and can take appropriate action.
(c) Reporting regularly to the Audit Committee of the Board of Directors without management being present is crucial for maintaining independence and objectivity. This allows the auditors and the Ethics Officer to provide unbiased reports directly to the Board of Directors, ensuring transparency, accountability, and effective oversight.
By reporting to both the CEO and the Audit Committee without management being present, internal auditors and the Ethics Officer can strike a balance between providing timely information to top-level management (CEO) and ensuring independent reporting to the governing body (Audit Committee) responsible for oversight and governance.
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Standards that represent levels of operation that can be attained with reasonable effort are called.
Answers
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Accountants? Check all that apply. pace determined by speed of equipment importance of repeating same tasks indoors, environmentally controlled deal with physically aggressive people telephone and electronic mail importance of being exact or accurate
Answers
Answer:
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Actors? Check all that apply.
deal with physically aggressive people
exposed to hazardous equipment
contact with others
work with group or team
Explanation:
Answer:
A, B, E, F
Explanation:
What are the things that you should do when you are approaching an intersection?
Answers
Drivers are required to yield to oncoming traffic approaching from the right at intersections without a stop sign or traffic signal. Always give way to oncoming cars in the roundabout and to pedestrians crossing at the crosswalks. When there is a space in the flow of traffic, enter.
All cars are required to stop at a four-way stop. The first car to arrive at the crossroads shall proceed. Motorists on the left must yield to the driver on the right if two cars arrive at the junction simultaneously. If you're facing each other, move cautiously while keeping an eye out for potential turns.
Intersections are where most collisions occur. Being ready to stop is the cardinal rule while approaching an intersection. You might need to slow down sometimes because of it.
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Risk can be thought of as the possibility of incurring??
Answers
Answer:
Risk can be thought of as the possibility of incurring a loss.
Explanation:
Loss.
On the income statement, income from operations differs from income before income taxes in that ______ are subtracted from income from operations to arrive at income before income taxes
Answers
The difference between Income from Operations and Income before Income Taxes on the income statement is that Income before Income Taxes is calculated by deducting non-operating or infrequently occurring transactions from Income from Operations.
The word "income tax" refers to a category of tax that governments apply on income produced by organizations and people under their control. Taxpayers are required by law to file an income tax return each year in order to establish their tax liabilities. Governments receive funding from income taxes. They are used to pay for debts owed to the government, fund public services, and supply residents with goods. Many states and municipal governments, in addition to the federal government, also demand payment of income tax.
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Regarding resource typing, which of the following characteristics are typically use to categorize resources?A. LocationB. ColorC. Number availableD. Capability
Answers
Answer:
d
Explanation:
also because I do it lol
what is technical education
Answers
Answer:
Technical education is learning something about a specific work scientifically in detail and practical.
Answer:
The academic and vocational preparation of students for jobs involving applied science and modern technology!
Explanation:
Brenda represents tina in a real estate transaction. brenda therefore owes tina ______ duties, such as confidentiality, obedience, and reasonable skill and care
Answers
Brenda represents tina in a real estate transaction. Brenda, therefore, owes tina Fiduciary duties, such as confidentiality, obedience, and reasonable skill and care.
Examples of transactions are as follows: Paying a provider for offerings rendered or goods delivered. Paying a vendor with cash and a note with a view to obtaining ownership of belongings formerly owned by using the seller. Paying a worker for hours worked.
A financial institution transaction is any money that moves in or out of your financial institution account. Forms of financial institution transactions include coin withdrawals or deposits, assessments, online payments, debit card costs, cord transfers, and mortgage bills.
M1 consists of foreign money notes and cash which might be in circulation with the public in addition to the call for deposits with commercial banks. Those can be utilized by the general public without delay for any transactions. Consequently, M1 is likewise called 'Transaction money'.
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how are the specific interest rates for the lending and borrowing markets determined? u.s. treasury department board policy by the forces of supply and demand through open market operations by altering the discount rate
Answers
The U.S. Treasury Department Board Policy can affect interest rates through various actions, such as issuing new securities or modifying existing securities. All three options can influence the determination of specific interest rates in the lending and borrowing markets.
However, interest rates can also be influenced by the forces of supply and demand through open market operations. The Federal Reserve conducts open market operations by buying and selling government securities, which affects the money supply and ultimately interest rates.
The discount rate, which is the interest rate at which banks can borrow from the Federal Reserve, can also impact the lending and borrowing markets. By altering the discount rate, the Federal Reserve can encourage or discourage banks from borrowing and lending money, which can in turn affect interest rates.
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Complete question:
Which of the following options best describes how the specific interest rates for the lending and borrowing markets are determined?
A) By the U.S. Treasury Department Board Policy
B) By the forces of supply and demand through open market operations
C) By altering the discount rate
D) All of the above
Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answers
Answer:
Explanation:
Less
what is engineering?
Answers
Answer:
Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.
Engineering skills include:
The scientific methodSocial, cultural and economic awareness MathematicsBiology, chemistry, physics and other areas of scienceCreativityTeamworkWhere science is involved with designs, buildings, use of engines, machines, and structures.9) garret and hans own all the stock of gh corporation. garret sells all his gh stock to olga on february 12. the next day, gh makes an s election. for the election to apply to the current year, who must consent to the election? a) just hans b) garrett and hans c) garrett, hans, and olga d) hans and olga
Answers
For the election to apply to the current year, Hans and Olga must consent to the election. The correct answer is d) Hans and Olga.
When a corporation makes an S election, it becomes a pass-through entity, which means that its income, deductions, and credits flow through to the shareholders for tax purposes. To make an S election, the corporation must file Form 2553 with the IRS and meet certain eligibility criteria. One of these criteria is that all shareholders must consent to the election.
In this scenario, Garret sells all his GH stock to Olga before the S election is made. Since he is no longer a shareholder, he does not need to consent to the election. However, Hans and Olga, who are now the only shareholders of GH Corporation, must both consent to the S election for it to be valid for the current year.
Thus, the parties required to consent to the S election for it to apply to the current year after Garret sells all his GH stock to Olga on February 12 are Hans and Olga, which is option d)
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what is the law of demand definition economics?
Answers
The law of demand is a fundamental principle in economics that explains the inverse relationship between the price of a good or service and the quantity demanded by consumers.
According to the law of demand, all other factors being equal, as the price of a good or service increases, the quantity demanded by consumers decreases, and vice versa. This means that when the price of a good or service is high, consumers are less likely to purchase it, either because they cannot afford it or because they are seeking lower-priced substitutes. Conversely, when the price of a products or service is low, consumers are more likely to purchase it, either because they can afford it or because it represents a good value compared to other options. The law of demand is a basic principle of market economics and is essential for understanding how markets function and how prices are determined.
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The law of demand, a foundational concept in economics, describes the inverse connection between the cost of a commodity or service and the amount required by customers.
When all other variables are held constant, the law of demand states that when an item or service's price rises, customer demand for a given amount declines, and vice versa. As a result, customers are less inclined to buy expensive goods or services, either because they cannot afford them or because they are looking for less expensive alternatives. On the other hand, when a good or service is inexpensive, customers are more likely to buy it, either because they can afford it or because it is a good deal compared to other possibilities. It is crucial to comprehend how markets operate and how prices are set in order to fully appreciate the rule of demand, which is a fundamental tenant of market economics.
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Your daughter recently purchased a touchscreen laptop to use for her schoolwork. It has been working well for about 3 weeks, but today she is complaining that it isn't working properly. When she touches an icon on the screen, the program fails to load. You look over the laptop and the screen appears to be fully intact with no dark blobs or spider web cracks in the panel. You attempt to use operate the laptop using the touchscreen, but it appears non-responsive to your touch. Which of the following components MOST likely needs to be replaced?A) LCD PanelB) InverterC) DigitizerD) GPU
Answers
Answer:
what if i don't have a daughter-?
Explanation:
PLEASE ANSWER THIS QUESTION ASAP
Complete the personality assessment found at the link below. Describe what you found out about yourself. Please write about each of the questions below. Your journal should be in paragraph form, not bullet points. You must include the results of your Myers-Briggs assessment, and your entry must be at least 250 words long. There are no right or wrong answers, but it is worth 20 points. Please edit your work for spelling, grammar, and punctuation to receive full points.
Does it fit you or do you disagree?
What sort of work atmosphere would you be best in, given the results of the Myers-Briggs Type indicator?
Does it fit with your ultimate work goals and if so, in what way?
What motivates you?
What do you think is the professor’s MBTI based on the design of the course and your interactions thus far? (No worries if you don't know your instructor well. This question was created to have you explore the personality types further and see how close you can get to guessing your instructor's type, from interactions you have had in this course.)
Any other observations or thoughts?
Answers
Answer:
Read each page and do the quizzes. After you have read through the pages of the website, assess what you learned. Write a 600 word summary in your own words that identifies the main points you learned. Your summary should include at least one question and answer from each quiz. Explain your answers. Use a publishing program to create a safety poster to make workers aware of safety hazards. I do not agree with the link assessmne,t but I would be a stafe 3 on the MyersBriggs scale because odf above
.Explanation:
Yes it fits ultimately.
According to the fdic community banks have less than what in assets than most cases
Answers
According to the FDIC, community banks have less than $ 10 million in assets in most cases.
An asset refers to economic or financial bonds that can act as benefits and rewards in the future. A community bank refers to a banking institution that is locally owned and looked over. It is not an official banking system. The local community looks after the finance, transactions, and loans.
FDIC stands for Federal Deposit Insurance Corporation. It looks after the supply of insurance deposits and looks after the safety and security of the deposits. This institution works with two agencies- American depository institutions and the National Credit Union Administration.
According to the definitions created by FDIC, any bank containing less than $ 10 million in assets is known as a community bank.
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Alexis salas lives in bologna. She can buy a u. S. Dollar for. Nick freeman, living in chicago, can buy a euro for. What is the foreign exchange rate between the dollar and the euro?
Answers
To buy a US dollar in Bologna Foreign Exchange Rate(€/$): 0.9000=($/€):= 1/0.9000= $1.1111(2) to buy a euro in Chicago for ($/€):$1.1000. This is equivalent and the reciprocal (€/$):=1/1.1000= 0.9091
What is The Foreign Exchange Rate?
The cost of the local currency in relation to another currency is known as the foreign exchange rate. Comparing different currencies to indicate how they are valued compared to one another is the goal of international exchange. The foreign exchange rate is also referred to as the rate of exchange between two currencies or the price of one currency expressed in terms of another currency. A currency may have fixed or floating exchange rates. The central bank of a nation sets the fixed exchange rate, and the dynamics of supply and demand of the market would determine the floating rate.
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Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for groceries
Answers
Answer:
c. to pay for college
Explanation:
just took the test
Answer:
C. to pay for college
Explanation: