A long-term asset is reported on the balance sheet at its original cost plus all expenditures necessary to get the asset ready for use. What is a long-term asset? Long-term assets are those that the firm expects to hold and use for more than a year.
As a result, long-term assets can take a long time to produce earnings or benefits. Long-term assets may include property, plant, and equipment (PP&E), as well as any intangible assets that the company owns, such as patents or trademarks. The long-term assets are reported on the balance sheet at their original cost, which includes any expenditures required to get them ready for use.
All subsequent expenses incurred to maintain the long-term asset are expensed in the period in which they occur. This contrasts with short-term assets, which are reported on the balance sheet at their current market price.
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Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
assets must always equal liabilities plus equity. select one: true false
True.
According to the fundamental accounting equation, assets must always equal the sum of liabilities and equity. The equation is expressed as: Assets = Liabilities + Equity. It represents the fundamental concept of double-entry bookkeeping and ensures that the balance sheet remains in balance.
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Describe the population distribution in Guyana
A value _________ is accomplished when a company makes an effort to connect their internal value chains.
The blank space in the statement should be filled with Creation.
What is a Value Chain?A value chain is characterized by the combination of activities undertaken in a business in a bid to move a product or service along its life cycle, including design, marketing, distribution, and customer support. The company's objective is value creation, particularly in the form of profit.
On this note, Value creation is accomplished when the value chains are connected.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
Authentic Thai rattan chairs are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without safety stock, is 200 chairs.
Carrying cost is $30 per unit per year, and the cost of a stockout is $80 per chair per year.
Given the following demand probabilities during the lead time, how much safety stock should be carried?
Demand during lead time Probability
0 0.2
100 0.2
200 0.2
300 0.2
400 0.2
The optimal quantity of safety stock which minimizes expected total cost is _ units (enter your response as a whole number).
Answer:
The optimal quantity of safety stock which minimizes expected total cost is _ units is 100 units.
Explanation:
Incremental Costs would be considered here to evaluate which safety stock level is the best for the company.
The working is as under:
Safety Stock Carrying Cost Stock-out Cost Total Cost
0 0 (100*0.2 + 200*0.2) * 80 4,800
100 100*30 = $3000 (100 * 0.2) * 80 1,600
200 200*30 = $6000 (200 * 0.2) * 80 3,200
The total cost has started growing as the safety starts growing above the 100 units level. This means that the safety stock must be 100 units as the cost at this level is the lowest to the company.
Inventory is termed as the accounting name of the stock of the goods and services in the economy. This is the produced level of the final goods of the firm.
100 units are the optimal quantity of safety stock for reducing the anticipated total cost.
Here, incremental costs would be considered to determine whether the level of inventory level is optimum for the firm.
The calculation is as shown below:
Safety Stock Carrying Cost Stock-out Cost Total Cost
0 0 \((100\times0.2 + 200\times0.2) \times 80\) 4,800
100 \(100\times30 = \$3000\) \((100 \times 0.2) \times80\) 1,600
200 \(200\times30 = \$6000\) \((200 \times 0.2) \times 80\) 3,200
The overall cost has risen up when the degree of safety rises above 100 units. This indicates that the safety stock must be 100 units because the company's cost becomes the least at this point.
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With regard to business definition, railroads may have lost business because they:
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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Mel prints 1200 leaflets to advertise her new business.
The cost is £250 + 20% VAT. What is the cost of 1 leaflet
Answer:
$0.25
Explanation:
The cost of 1200 leaflets is $250 plus 20% VAT
the VAT charges is
=20% of $250
=20/100 x 250
=0.2 x 250
=$50
The total cost of 1200 leaflets
= $250 + $50
=$300
1200 leaflets cost , $300
one leaflet will cost
=$300/$1200
=$0.25
What are some benefits of paying taxes? Check all that apply.
ensuring that the needs of the nation are fulfilled
paying for public works such as highways and museums
reducing the amount of money consumers can spend
slowing growth in the economy
paying for government programs that help citizens
Answer:
A,B,E
Explanation:
got it right on test
Answer:
a b e
Explanation:
right on edge
How do you use the Selection Bar to select an entire document?
single-click in the Selection Bar
double-click in the Selection Bar
triple-click in the Selection Bar
quadruple-click in the Selection Bar
The answer is triple-click in the Selection Bar.
The Selection Bar is the gray bar on the left side of the document, next to the line numbers, in most text editing software. To select an entire document, you need to triple-click in the Selection Bar. This will highlight all the text in the document, making it ready for any editing or manipulation.
A single-click in the Selection Bar will select a line of text.
A double-click in the Selection Bar will select a word.
A quadruple-click in the Selection Bar is not a common method to select an entire document and it may not work in all the text editing software.
It's worth noting that there are also other ways to select an entire document, such as using keyboard shortcuts (Ctrl+A or Command+A) or by going to the Edit menu and selecting "Select All."
Keep in mind that the method of selection may vary depending on the text editor you are using, but the triple-clicking the Selection bar is a common method.
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purple corporation purchased $10,000 of merchandise on june 3, subject to the terms, 2/10, n/30. on june 9, it pays for all the merchandise purchased on june 3. purple corporation records discounts using the gross method in a perpetual inventory system. the entry on june 9 will reduce:
The entry on June 9 will reduce Inventory and cash and also accounts payable.
What is one reason for a perpetual inventory system?The ability to instantly track sales and inventory levels for specific items makes a perpetual inventory system better than the more traditional periodic inventory system and helps to avoid stockouts.
Given,
On 3 June Purchase of $10,000
Terms = 2/10, n/30
Required to pass the necessary journal entry if payment is made on 9 June under the perpetual inventory system.
Date Particulars Debit Credit
3 Jun Inventory $10,000
Accounts Payable $10,000
(Being purchase made on 3 June on credit bases)
9 Jun Accounts Payable $10,000
Cash $9.800
Inventory $200
(Being payment made for purchase on 3 June and cash discount adjusted)
On 9, June purple corporation debits the accounts payable by $10,000, credit the Cash accounts by $9800, and also credit the inventory accounts by $200.
Thus, the mentioned above are necessary journal entries to record the cash discount under the perpetual inventory system.
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Insurance: An insurance company sells a 1 -year term life insurance policy to an 83 -year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 83 -year-old Noman will be ative 1 year later is 0,9561 . Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution, The probability distribution is
Given,An insurance company sells a 1-year term life insurance policy to an 83-year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. Let X be the profit made by the insurance company.
The profit made by the insurance company X is equal to the difference between the premium collected and the payout made.Profit (X) = Payout - Premium collectedNow, we need to find the probability distribution of profit made by the insurance company in one year, which is a random variable, given that the probability that an 83-year-old woman will be alive after one year is 0.9561.Let us calculate the probability of the woman's death in one year.
The probability of the woman's death in one year is given by:P(death in one year) = 1 - P(survival in one year)= 1 - 0.9561= 0.0439Using the probability of the woman's death, we can construct the following probability distribution table for profit: Where, if the woman dies, the profit of the insurance company will be $86,000. And if the woman survives, the profit of the insurance company will be -$4000.Profit X Probability$86,000 0.0439-$4,000 0.9561Thus, the probability distribution of profit made by the insurance company is as follows:Probability distribution of profit:Profit X Probability$86,000 0.0439-$4,000 0.9561Therefore, the probability distribution is:Profit X Probability$86,000 0.0439-$4,000 0.9561
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Attestation risk is limited to a low level in which of the following engagement(s)?
Both examinations and reviews.
Examinations, but not reviews.
Reviews, but not examinations.
Neither examinations nor reviews.
The correct answer is: Examinations, but not reviews. In examinations, attestation risk is limited to a low level due to the extensive procedures performed by the auditor, whereas in reviews, attestation risk is not limited to a low level.
In an examination engagement, the auditor performs extensive procedures and obtains a high level of assurance regarding the subject matter being examined. The procedures involve obtaining sufficient and appropriate evidence to support the conclusions reached by the auditor. As a result, attestation risk is limited to a low level in examinations because the auditor has performed substantial work to mitigate the risk of issuing an incorrect opinion.
On the other hand, in a review engagement, the auditor performs limited procedures and provides limited assurance regarding the subject matter being reviewed. The procedures performed in a review are analytical and inquiry-based, and they provide a lower level of assurance compared to an examination. As a result, attestation risk is not limited to a low level in reviews because the auditor's work is less extensive and the level of assurance is lower.
Therefore,
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Which expense category will most likely be changed to allow money for the purchase of a car? savings Which expense category will most likely be changed to allow money for the purchase of a car?
savings
groceries
utilities
entertainmentgroceries utilities entertainment
Answer:
D. entertainment
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
Which data model in Salesforce CDP defines the future revenue or quantity for an opportunity of the product family? A. Product B. Sales Order C. Party D. Engagement
Salesforce CDP is a customer data platform that provides an integrated view of customer interactions and data across multiple touchpoints and devices. It helps organizations to create a single source of truth about their customers.
We need to understand the different data models used in Salesforce CDP.A. Product: This data model in Salesforce CDP is used to store information about the products that the organization offers. This information includes the product name, description, price, and any other relevant details. However, this data model does not directly define the future revenue or quantity for an opportunity of the product family.
B. Sales Order: This data model in Salesforce CDP is used to store information about the sales order that a customer places. It contains details such as the date of the order, the products ordered the quantity of each product and the total amount of the order. This data model can help predict future revenue for an opportunity of the product family, but it does not define the exact quantity of products that will be sold.
C. Party: This data model in Salesforce CDP is used to store information about the customers or parties involved in a transaction. This information includes the name, address, and contact details of the customer. However, this data model does not define the future revenue or quantity for an opportunity of the product family.
D. Engagement: This data model in Salesforce CDP is used to store information about the interactions between a customer and the organization. This information includes the type of interaction, the date and time of the interaction, and the details of the interaction. This data model can help predict future revenue for an opportunity of the product family, but it does not define the exact quantity of products that will be sold.
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Larry lives in a rundown house next to the lot that Gus has claimed and is tired of the incessant noise coming from Gus's camper, including loud music and TV. In addition, Gus hosts crazy dance parties outside of his camper every night. This has been going on for three months, and Larry can't take it any longer. Gus's activities represent _____. trespass trespass nuisance nuisance negligence negligence fraud
Answer:
nuisance
Explanation:
HELP PLEASE
Q1 How would you describe Snap-On Tools' competitive strategy? Does it fit a price or non price model? Explain (4)
q2 How are the free enterprise " freedoms" of ownership and profit depicted in this scenario on Snap- On Tools? (4)
Q3 Is there any risk for the franshised dealers who purchase the truck, tools and equipment from Snap- On? ( 2)
Answer:
Q1. Non price model
Q2. How free enterprise "freedom" of ownership and profit are demonstrated includes
1) Snap-on tools ability to make and sell their tools for profit
2) Snap-on tools ability to sell out of mobile trucks, rather than store
3) Snap-On tool is able to offer credit financing to the its customers
Q3 The risks are,
a) Damage to reputation
b) Joint liability
c) Compliance to commercial regulations
Explanation:
A non-price competition is a form of marketing strategy, whereby a company or establishment puts in place distinguishing factors in its goods and or services, in order to distinguish them from competing goods or services.
Need help answer this question please help me
Answer:
b). 4 and 14 units
Explanation:
The equilibrium point is the intersection of demand and supply curves. It is a condition of no excess or shortage in supply or demand in the market. At equilibrium, the quantity demand matches the quantity supplied.
At the equilibrium situation, buyers are willing to purchase the quantity supplied at the stated price. It implies both suppliers and buyers are happy with the current supply and price.
what is marketing management?why is it important?
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
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Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
how suppliers and producers can also be consumers
Answer:
They can also be consumers because the product they sell may be a necesity such as food, or basic clothing.
Explanation:
Needs are basic things needed to live which is why a supplier or producers may be a consumer to their own product. Also consumption could also just be resurculation of what they got paid.
Answer:
As a producer, create an ad promoting an item you produced. As a consumer, create a list of goods and services you would get to throw your friend a birthday party. Explain how a consumer and producer rely on each other. You have been given the opportunity to produce an item to sell at a local flea market.
Explanation:
What are employers required to do to keep employees safe from caught-in and between hazards from hand-held power tools?
In order to keep employees safe from caught-in and between hazards from hand-held power tools, employers are required to Maintain and guard the power tools.
How can employers keep employees safe from power tools ?Employers are required by law to maintain and guard power tools in order to keep their employees safe from harm. By maintaining the tools, employees will not be at risk of caught - in hazards from the tools not working effectively.
Employers will also need to guard the power tools so that employees will not have access to them except for tasks where they are needed, to ensure that they are not misused.
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In one year, Hitech Microdevices will pay a common stock dividend of $4.35. You predict that you will be able to sell your Hitech stock for $57 per share after 1 year. If you require a rate of return of 16 percent on Hitech stock, how much would you be willing to pay now for a share of the stock?
Answer:
Price to be paid now = $52.89
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The stock would be held for just a period, hence we would use the single period return model. This is given as follows:
Price now = D/(1+r) + P×(1+r)
Dividend , r - rate of return, P -year-end price of stock
Dividend = 4.35, r-16%, P- 57
Price = 4.35/(1.16) + 57/(1.16)= $52.89
Price to be paid now = $52.89
Budgetary slack occurs when a manager submits a budget that is ______.
Answer:
Budgetary slack occurs when a manager submits a budget that is too easy to attain.
Explanation:
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how do you the accounting equation
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
Which is the best description of how a scholarship differs from a federal education grant?
Federal grants are awards that don’t have to be repaid, but students must pay back any scholarships they receive.
Federal grants can be awarded for various reasons, but scholarships are always based on a student’s financial need.
Scholarships are awards that do not have to be repaid, but students must pay back any federal grants they receive.
Scholarships can be awarded for various reasons, but federal grants are usually based on a student’s financial need.
Grants and scholarships are supposed to be the first funding source for a higher education because they come with no interest rate or pay back stress that comes with other source of funding.
How a scholarship differs from a federal education grant?Correct option is D.
A federal grant is a trophy/award of assistance financially from a federal agency to a person to take out a purpose of support authorized by a law by the U.S.
The amount of federal grant money going to states has steadily increased since the 1960s.
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you are planning to become a millionaire (i.e., save $1 m) over the next 30 years when you finally retire. a) if you are earning interest at the rate of 5% and you live 15 years after retirement, what annual level of living expenses can you afford with your savings? b) suppose your retirement living expenses will increase at an annual rate of 3% due to inflation. determine the annual spending plan in line with your inflation
A) If you earn 5% interest, you would have $1 million * (1 + 0.05)^15 = $1,967,796.97 after 15 years of living after retirement.
So, your annual living expenses could be $1,967,796.97 / 15 = $131,186.47.
B) If your retirement living expenses increase by 3% per year, then after 15 years, the cost of your living expenses will have increased to:
$131,186.47 * (1 + 0.03)^15 = $214,947.34
So, you would need to have $214,947.34 per year to maintain the same standard of living with the inflation increase. Therefore your annual expense for living is $131,186.47, after 15 years it will be $214,947.34.
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assume that estimated taxable income after adjusting for permanent and temporary differences is $65000. what is the current income tax expense applying the appropriate current tax rate for corporations in Year 1 given the current corporate tax rate is a flat 21%?
a. $13000
b. $13650
c. $22100
d. $22750
e. none of above
The current income tax expense applying the appropriate current tax rate for corporations in Year 1 given the current corporate tax rate is a flat 21% is $13650.Therefore, option (b) $13650 is the correct answer.
Given that the estimated taxable income after adjusting for permanent and temporary differences is $65000. Let's calculate the current income tax expense by applying the appropriate current tax rate for corporations in Year 1. The current income tax expense applying the appropriate current tax rate for corporations in Year 1 can be calculated using the formula below;
Current Income Tax Expense = Taxable Income * Current Tax Rate Current tax rate for corporations in Year 1 = 21%Current Income Tax Expense = 21/100 * $65,000 = $13,650. Therefore, the current income tax expense applying the appropriate current tax rate for corporations in Year 1 given the current corporate tax rate is a flat 21% is $13650.Therefore, option (b) $13650 is the correct answer.
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