A machine costing $215,400 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 491,000 units of product during its life. It actually produces the following units: year 1, 122,700; year 2, 123,400; year 3, 119,600; and year 4, 135,300. The total number of units produced by the end of year 4 exceeds the original estimate—this difference was not predicted. (The machine must not be depreciated below its estimated salvage value.)
Answers
Based on the given information, the machine's cost is $215,400 with a four-year life and an estimated $19,000 salvage value. The factory manager estimated the machine would produce 491,000 units of product during its life. However, it actually produces a total of 501,000 units over the four years, which is 10,000 more than the original estimate.
To calculate the depreciation of the machine, we need to first determine the annual depreciation expense using the straight-line depreciation method. Straight-line depreciation is calculated by subtracting the salvage value from the cost of the asset and dividing that amount by the useful life of the asset. In this case, the annual depreciation expense is:
($215,400 - $19,000) / 4 years = $49,850 per year
Using this annual depreciation expense, we can calculate the accumulated depreciation for each year:
Year 1: $49,850
Year 2: $99,700
Year 3: $149,550
Year 4: $199,400
Now we can calculate the book value of the machine at the end of each year by subtracting the accumulated depreciation from the cost of the asset:
Year 1: $165,550
Year 2: $115,700
Year 3: $65,850
Year 4: $16,000 (not below the estimated salvage value)
Since the machine produced more units than originally estimated, it does not affect the depreciation calculation. The machine must not be depreciated below its estimated salvage value of $19,000. Therefore, at the end of year 4, the book value of the machine is $19,000, which is also the salvage value.
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Related Questions
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?
Answers
Answer:
Pneumonoultramicroscopicsilicovolcanoconiosis
Explanation:
Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.
To buy a product, customers in a market must first
Answers
To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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If the economy is at potential output, and the fed decreases the money supply, in the long run, the price level will likely:____.
Answers
If the economy is at potential output and the Fed decreases the money supply, in the long run, the price level will likely decrease.
When the Fed decreases the money supply, it reduces the amount of money available in the economy. This reduction in money supply leads to a decrease in aggregate demand. As aggregate demand decreases, there is less pressure on the production capacity of the economy, which leads to a decrease in the price level.
In the long run, the economy tends to adjust to its potential output level, where resources are fully utilized and there is no output gap. As the decrease in aggregate demand persists, it puts downward pressure on prices.
This is because producers are likely to reduce their prices to stimulate demand and maintain competitiveness in the market. Therefore, in the long run, the price level is likely to decrease as a result of the decrease in the money supply.
When the money supply is decreased in an economy operating at potential output, it is expected that the price level will decrease in the long run. This adjustment occurs as the economy seeks to restore equilibrium between aggregate demand and potential output.
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Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answers
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
Describe the role of hotel management in the field of tourism. .
Answers
Answer:
The management of staff members as well as the planning, marketing, coordinating, and administration of hotel services including food and lodging amenities are within the purview of hotel managers.
remanufacturing refers to replacing worn-out components of old products to extend the products' useful life. question 40 options: true false
Answers
"Remanufacturing refers to replacing worn-out components of old products to extend the products' useful life." This is true.
Remanufacturing is an industrial procedure that allows for the rebuild and recovery of a previously sold, used, or non-functional object. The item can be brought back to a "like-new" or "better-than-new" state through disassembly, cleaning, repair, and replacement of worn-out and outdated components, and will be just as dependable as the original product.
A key component of the idea of a circular economy is remanufacturing. As businesses seek ways to address the present climate problem, remanufacturing technology is growing in popularity since it enables them to reduce waste and environmental damage.
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If the required rate of return on a bond is less than the bond's coupon interest rate, then the bond is valued at
par value
a discount
a premium
the coupon payment
Answers
If the required rate of return on a bond is less than the bond's coupon interest rate, then the bond is valued at a premium (option C).
A bond is a fixed-income security that pays interest in installments to investors. The bond's issuer pays a fixed rate of interest to the investor, which is determined by the bond's par value and coupon rate. The par value, also known as the face value, is the bond's worth when it matures.
The coupon rate is the rate of interest that the bond's issuer pays to the bond's holder each year, calculated as a percentage of the bond's face value. When a bond's coupon rate exceeds the required rate of return, the bond is referred to as a premium bond.
A bond is referred to as a premium bond if the coupon rate is higher than the required rate of return on the bond. Premium bonds are sold at a price greater than their face value because their interest rates are greater than the rates being offered in the market at the time they were issued. As a result, bondholders get a larger return on their investment, which is reflected in the bond's higher price.
In a nutshell, a bond is valued at a premium when the interest rate is greater than the required rate of return. Option C is the correct answer.
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Owner must share their profits.
True or false
Answers
Answer:
True
Explanation:
A functional and psychological picture in the consumer's mind of a retail store is called a) retail positioning. b) atmospherics. c) store image.
Answers
The functional and psychological picture in the consumer's mind of a retail store is commonly referred to as its "store image."
Store image encompasses a consumer's perceptions and beliefs about a retail store, including its product offerings, quality, prices, and overall atmosphere. This includes the physical and sensory aspects of the store, such as its design, layout, lighting, music, and scent, which are collectively known as "atmospherics." Retail positioning, on the other hand, refers to a retailer's strategic placement in the market and the ways in which they differentiate themselves from their competitors.
While retail positioning can influence store image, it is not the same thing. In conclusion, store image is a key factor in a retailer's success, as it shapes consumers' attitudes and behaviors towards the brand. A store image refers to the overall perception and mental representation that consumers have about a particular store based on their experiences, preferences, and beliefs. Retail positioning and atmospherics contribute to the formation of a store's image but are not the overall picture in the consumer's mind.
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when the outcome of a long-term contract can be reliably estimated, the preferred method in accounting for revenues and expenses under us gaap and ifrs is:
Answers
When the outcome of a long-term contract can be reliably estimated, the preferred method in accounting for revenues and expenses under US GAAP and IFRS is the Percentage of Completion Method (POC).
The POC method recognizes revenue and expenses as work on a long-term contract progresses, in proportion to the percentage of the contract that has been completed. This method requires the estimation of the percentage of work completed and the total costs of the project.
Revenue is recognized in proportion to the percentage of completion, and expenses are recognized as they are incurred.
The alternative method for accounting for long-term contracts is the Completed Contract Method (CCM), which defers the recognition of revenue and expenses until the project is completed. However, the CCM method is only used when the outcome of the project cannot be reliably estimated.
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The index model has been estimated for stocks A and B with the following results:
RA = 0.12 +0655RM + eA
RB-004 + 1488RM+ eB
σM-0315
σ(eA)-0.20
σ(eB)-0.10
What is the correlation coefficient between the two stocks?
Answers
The correlation coefficient between the two stocks, A and B, can be calculated using the formula: Correlation Coefficient = Covariance of A and B / (Standard Deviation of A x Standard Deviation of B).
From the given information, we can see that the index model has been estimated for both stocks A and B. The model estimates the expected returns of the stocks based on the return of the market (RM) and the specific risk (eA and eB) associated with each stock.
Using the coefficients of the index model, we can calculate the covariance between the two stocks: Covariance of A and B = 0.655 x (-0.004) + (-0.2) x 0.1488 = -0.0115
We can also calculate the standard deviation of each stock using their specific risk coefficients:
Standard Deviation of A = 0.0315
Standard Deviation of B = 0.1488
Therefore, the correlation coefficient between the two stocks can be calculated as:
Correlation Coefficient = -0.0115 / (0.0315 x 0.1488) = -0.227
This means that there is a negative correlation between stocks A and B, indicating that when the return of stock A goes up, the return of stock B is likely to go down, and vice versa. However, this correlation is not very strong, as the coefficient is less than 1 in absolute value.
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Which of the following is an example of telecommuting?
A. Setting up a conference call between two different companies
B. Working from home instead of at the company's main office
C. Scheduling a meeting in the middle of the day
D. Using a computer and slideshow during a meeting
Answers
B. Working from home instead of at the company's main office
Have a great day!
An example of is Working from home instead
Telecommuting is also known as Remote work
Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.
The reason why Organization allows telecommuting are:
Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.
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1. Which of the following is an impact of increase in income tax of an individual?
A. Rise in disposable income
B. Increase in the ability to invest
C. Increase in the level of savings
D. Decrease in the purchasing power
Answers
Answer:
A
Explanation:
the answer is a because you get more free money with your income taxes therefore making more money that you can use on personal things
according to the global entrepreneurship monitor (gem) 2015-2016 survey, about percent of adults in the united states are either starting a business or are running a business that has been in existence for less than 3 1/2 years.
Answers
The complete statement is "according to the global entrepreneurship monitor (gem) 2015-2016 survey, about 11.9 percent of adults in the united states are either starting a business or are running a business that has been in existence for less than 3 1/2 years."
This is further explained below.
What is a global entrepreneurship monitor?Generally, the Measurement of variations in entrepreneurial attitudes, activities, and ambitions among economies is the primary emphasis of GEM, which has three primary purposes.
To discover the elements that determine the kind and amount of entrepreneurial activity on a national scale.
In conclusion, To determine the consequences of policies for fostering entrepreneurial activity within an economy.
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CQ
according to the global entrepreneurship monitor (gem) 2015-2016 survey, about ______percent of adults in the united states are either starting a business or are running a business that has been in existence for less than 3 1/2 years.
casey prudhomme is married filing jointly and has a form w-4 from 2021. he checked the box for step 2. prudhomme earns $1,190 biweekly (adjusted wage from line 1h). what is the amount of his withholding?
Answers
First, complete Step 1's form by entering your name, address, and SSN. If there are just two jobs, tick the box for Step 2 (c) and select "mmarried filing jointly" for Step 1 (c). On the W-4 forms for both spouses, this item must be checked.
For the most recent details on Form W-4-related developments, such as laws passed after it was published. Fill out Form W-4 to enable your employer to deduct the appropriate amount of federal income tax from your pay. Whether you file jointly or separately, the procedure for claiming dependents is the same. The right to claim dependents is limited to one person.
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Use the sum-of-year depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a new machine for $100,000 and
expects the machine will last for 10 years.
Answers
Answer:
20%
Explanation:
How to Calculate Straight Line Depreciation
The straight line calculation steps are:
Determine the cost of the asset.
Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount.
Determine the useful life of the asset.
Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.
Straight Line Example
Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years.
The straight line depreciation for the machine would be calculated as follows:
Cost of the asset: $100,000
Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost
Useful life of the asset: 5 years
Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount
Therefore, Company A would depreciate the machine at the amount of $16,000 annually for 5 years.
The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.
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It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
You should write down everything a speaker says when you take notes.
Please select the best answer from the choices provided
T
F
Answers
What is the most financially dangerous way to pay for college?
Scholarships
Cash
Credit cards
Federal student loans
Answers
The less specific you are while writing your business messages, the greater the possibility that your readers will.
Answers
Not understand the messages or commands being given. They could choose to not ask for further information thus making it a higher chance they they will make a mistake.
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
someone please help!!
Answers
The true statement is: Betty sees the conflict as Type A, and Keisha sees the conflict as Type C.The correct answer is option C.
In this scenario, Betty's perception of Keisha's criticism as a personal attack indicates that she views the conflict as Type A, which is a personal or emotional conflict.
Betty feels that Keisha's intent is to directly undermine her ability, which suggests that she takes the criticism personally and interprets it as an attack on her skills and competence.
On the other hand, Keisha believes that criticizing Betty's work is a way to improve the project proposal they are writing. Keisha sees the conflict as Type C, which is a content or task-related conflict.
From Keisha's perspective, offering criticism is a means to enhance the quality of their project proposal rather than an attempt to embarrass or devalue Betty.
The difference in perception between Betty and Keisha highlights their contrasting views on the purpose and intent behind the criticism. Betty's personal interpretation of the criticism and Keisha's focus on project improvement demonstrate their different approaches to handling conflict in the workplace.
Understanding these differing perceptions can be crucial for Betty and Keisha to effectively communicate and resolve their conflict. They need to acknowledge each other's perspectives and find common ground to address the underlying issues and move forward collaboratively.
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The probable question may be:
Betty feels criticism from Keisha about her work is a personal attack, intended to directly undermine Betty's ability. Keisha believes criticizing Betty's work is a way to improve the project proposal they are writing, and not an attempt to embarrass Betty. Which is true?
a. Betty perceives the conflict as Type C, and Keisha sees the conflict as Type A.
b. Both Betty and Keisha see the conflict as Type A.
c. Betty sees the conflict as Type A, and Keisha sees the conflict as Type C.
d. Both Betty and Keisha see the conflict as Type C.
determine the average make career pay for a person with a bachelors degree in each of the given majors. Then identify one possible reason for the difference in pay levels
Answers
To determine the average median career pay for individuals with a bachelor's degree in different majors, we need specific data on salary statistics for each major.
Without this data, it is not possible to provide an accurate answer regarding the average pay levels for each major.
However, it is important to note that the difference in pay levels among different majors can be influenced by various factors. One possible reason for the difference in pay levels is the demand and supply dynamics of the job market. Some majors may have higher demand and a limited supply of skilled professionals, leading to higher salaries.
Additionally, the nature of the industry, the level of required skills and expertise, and the job market conditions can also impact salary levels.
Other factors such as location, experience, and individual negotiation skills may also contribute to variations in pay levels.
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An Investment Adviser Representative buys shares of ABC in his own personal account and then contacts his clients and advises them to buy ABC. This practice is known as
Answers
Answer:
Front running
Explanation:
In simple words, Front-running can be understood as the broker's selling in stock items or some other ongoing financial commodity that has insider information of a potential sale that is going to greatly impact its value. A broker might be front-running on the basis of insider information that his or her business is about to present customers with a buy or sell suggestion that would almost definitely impact an investment's price.
Suppose the interest rate is
4.4%.
a. Having
$500
today is equivalent to having what amount in one year?
b. Having $500 in one year is equivalent to having what amount today?
c. Which would you prefer, $500 today or $500 in one year? Does your answer depend on when you need the money? Why or why not?
a. Having $500 today is equivalent to having what amount in one year?
It is equivalent to $ nothing.(Round to the nearest cent.)
b. Having $500 in one year is equivalent to having what amount today? It is equivalent to
$nothing. (Round to the nearest cent.)
c. Which would you prefer, $500 today or $500 in one year? Does your answer depend on when you need the money? Why or why not?"Because money today is worth more than money in the future, $500today is preferred to $500 in one year. This answer is correct even if you don't need the money today, because by investing the $500 you receive today at the current interest rate, you will have more than $500 in one year."Is the above statement true or false?
▼
True
False
Answers
False. The statement is incorrect. The correct answer is as follows Having $500 today is equivalent to having $500 + (0.044 * $500) = $522 in one year. Having $500 in one year is equivalent to having $500 / (1 + 0.044) = $478.87 today. Personal preferences, financial goals, and the availability of other resources all play a role in determining the preferred option.
The preference between $500 today and $500 in one year depends on individual circumstances and financial goals. Generally, money today is considered more valuable than money in the future due to the time value of money. By receiving $500 today, you have the opportunity to invest or use the money immediately, potentially earning returns or meeting current needs. However, the answer may vary based on specific needs and circumstances. If you have immediate expenses or investment opportunities available, you may prefer $500 today. On the other hand, if you don't have an immediate need for the money and don't have attractive investment options, you might prefer to receive $500 in one year.
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2. Choose any national or global chain with an online presence. Do a web search and spend time looking at their website. List the company's strengths in the space below. You may write in complete sentences or list form. (5-10 strengths) TIP: Look for strengths in different areas (product, price, promotion, place, sales, distribution).
Answers
The correct answer to this open question is the following.
I choose the Amazon website to answer this question.
These are the strengths of this global company.
-First, it has a presence almost worldwide, due to the benefits of e-commerce.
-Reputation. It has a good reputation because serves the customer well.
-Infrastructure. World-class facilities and delivery infrastructure to get the product on time.
-Variety of products. You access the company's website and can find anything. From books to toys, movies, and furniture.
-Prices. Accessible or competitive process because that is the advantage of e-commerce.
-Customer Service. Good client service that aims for entire satisfaction.
-Promise of delivery. Delivery time. Period.
When new college graduate Sami Hensen goes to visit her Great-Aunt Gertrude, she is surprised when the older relative tells her she is soon leaving on a cruise with friends. Sami cannot imagine how her great-aunt can afford such luxury, while living in a nice house in a peaceful neighborhood, and wonders if her aunt’s mental capacities are failing her. At her gentle inquiry about the costs, her Great-Aunt Gertrude laughs away her concern, telling her that she has been receiving monthly checks out of the equity she has in the home. Now Sami really thinks her old aunt is off her rocker! If Great-Aunt Gertrude is correct, which of the following statements is true of this situation?A. Gertrude has a Package Mortgage, which is commonly used in situations of people who are "house rich, cash poor." This type of loan is common for senior citizens.B. Gertrude has a Wraparound Mortgage, which provides for extra cash-in-hand.C. Gertrude has a fully-amortized loan, so she receives a monthly dividend.D. Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Answers
Answer: Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Explanation:
A reverse annuity mortgage is referred to as a loan secured against the value of the home of a person which allows the owner cash in on some of the equity of the home without the person selling the house. This is what Simi's aunt is enjoying.
Therefore, the correct option is D "Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property".
Most managers get very little uninterrupted time to work on their priority tasks. T F
Answers
The statement that most managers get very little uninterrupted time to work on their priority tasks is True.
What causes manager to have little uninterrupted time ?Managers frequently encounter multiple disruptions and diversions during their working hours, impairing their capacity to concentrate on crucial assignments.
In general, managers are accountable for supervising their team's tasks, participating in meetings, managing employee concerns, and resolving diverse administrative affairs. Frequently engaging with team members, colleagues, and other stakeholders to fulfill such responsibilities can result in disruptions and less uninterrupted time to address important tasks.
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