holly, incorporated has a building that originally cost $435,000. holly expects to be able to sell the facility for $117,000 at the end of its useful life. the balance of the related accumulated depreciation account is $206,000. the residual value of the facility is:
Answers
The residual value of the facility is $346,000.
How to calculate residual value?The residual value of the facility is the estimated amount that the building will be worth at the end of its useful life.
In this case, Holly Incorporated expects to sell the facility for $117,000, but the building originally cost $435,000.
The balance of the accumulated depreciation account is $206,000, which means that the building has been depreciated by $206,000 since it was purchased.
To calculate the residual value, subtract the accumulated depreciation from the original cost of the building, then add the expected sale price.
Residual value = Original cost - Accumulated depreciation + Expected sale price
Residual value = $435,000 - $206,000 + $117,000
Residual value = $346,000
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Related Questions
Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity
Answers
Answer: A
Explanation: not sure, but i think its correct
How do you calculate a company's net worth?
a) Total up all Assets
b) Subtract total Liabilities from Stockholder's Equity
O c) Subtract Stockholder's Equity from Total Assets
O d) Subtract total Liabilities from total Assets
Answers
To find a companies net worth you subtract total liabilities from total assets
Your welcome…
High school students may include coursework in the education section of a résumé if it is relevant to the job opening. True or False
Answers
Answer:
the answer is true
Explanation:
Answer:
True
Explanation:
Aulman Inc. has a number of divisions including a Furniture Division and a Motel Division. The Motel Division owns and operates a line of budget motels located along major highways. Each year, the Motel Division purchases furniture for the motel rooms. Currently, it purchases a basic dresser from an outside supplier for $40. The manager of the Furniture Division has approached the manager of the Motel Division about selling dressers to the Motel Division. The full product cost of a dresser is $29. While the Furniture Division has been operating at capacity ( 50,000 dressers per year) and selling them for $40 each, it expects to produce and sell only 40,000 dressers for $40 each next year. The Furniture Division incurs variable costs of $15 per dresser. The Motel Division needs 10,000 dressers per year; the Furniture Division can make up to 50,000 dressers per year. The company policy is that all transfer prices are negotiated by the divisions involved. Required: 1. What is the maximum transfer price? \$ x Which division sets it? 2. What is the minimum transfer price? $ Which division sets it? 3. Suppose that the two divisions agree on a transfer price of $31. What is the benefit for the Furniture Division? For the Motel Division? For Aulman Inc. as a whole? Benefit to Furniture Division $X Benefit to Motel Division $ Benefit to company
Answers
(1) The maximum transfer price would be the market price of $40 per dresser, which is set by the Furniture Division. Since the Furniture Division is operating at capacity and selling all dressers produced, they have the bargaining power to set the transfer price at the market price.
(2) The minimum transfer price would be the variable cost per dresser, which is $15. This is the cost incurred by the Furniture Division to produce each dresser. Setting the transfer price at the variable cost ensures that the Furniture Division doesn't incur a loss when selling to the Motel Division.
(3) If the two divisions agree on a transfer price of $31 per dresser, the required benefits are briefed below.
(1) In the given scenario, the maximum transfer price is determined by the market price, which is set at $40 per dresser. This means that the Furniture Division, which produces the dressers, has the ability to sell them externally at this market price. Since the Furniture Division is operating at full capacity and selling all dressers produced, they have the bargaining power to set the transfer price at the market price.
Additionally, setting the transfer price at the market price aligns with the principle of using market-based pricing for internal transfers. It reflects the fair value of the product and ensures that divisions within the company are treated as separate entities operating in the open market.
(2) In the given scenario, the minimum transfer price is the variable cost per dresser, which is $15. The Furniture Division incurs this cost to produce each dresser. Setting the transfer price at the variable cost ensures that the Furniture Division does not incur a loss when selling to the Motel Division.
Moreover, by setting the transfer price at the variable cost, the Motel Division can compare the cost of purchasing dressers internally to the cost of acquiring them from an external supplier. If the external supplier offers a lower price, it may be more cost-effective for the Motel Division to purchase dressers externally. This promotes efficiency and cost-consciousness within the organization.
(3) If the two divisions agree on a transfer price of $31 per dresser:
(a) Benefit to the Furniture Division:
The benefit for the Furniture Division would be the contribution margin per dresser, which is the selling price ($31) minus the variable cost per dresser ($15).
Therefore, the benefit would be:
= $31 - $15
= $16 per dresser.
(b) Benefit to the Motel Division:
The benefit for the Motel Division is the cost savings achieved by purchasing dressers internally at a lower price than the market price. Since the market price is $40 and the agreed transfer price is $31, so,
the benefit would be:
= $40 - $31
= $9 per dresser.
(c) Benefit to Aulman Inc. as a whole:
The benefit to the company as a whole would be the combined benefit to both divisions. In this case, it would be:
= $16 (benefit to the Furniture Division) + $9 (benefit to the Motel Division)
= $25 per dresser.
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What was the opening price of Dow Jones Industrial Average on Sep 28, 2017 in the format of XXXXX.XX?
Answers
The starting price was $21080.28.
Calculation
On May 30, 2017, the Dow Jones Industrial Average was:
The Dow Jones Industrial Average finished at 21029.47 on May 30, 2917, a decrease of 50.81, according to valueline.com.
Index of closure: 21029.47+ downward motion = 50.8121080.28 is the opening index.According to this, the starting price was 21080.28.
The stock performance of 30 major firms that are listed on American stock exchanges is tracked by the Dow Jones Industrial Average. It is an index of stock price. The S&P 500 Index and the NASDAQ are two more.
The day's initial average price before trading began is represented by the starting index. The price must have fluctuated, moving up and down, while trade. By adding back, it can be deduced from this closing index data that the opening price was higher than the closing price by 50.81, or around 51 basis points.To Learn more about Averages and Opening Price, Click the links.
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all small indusrties are highly labor intensive true /false given reason
Answers
Answer:
FALSE.
Explanation:
Not ALL small industries are highly labor-intensive. If you start a small industry, it could become highly labor-intensive as a result of insufficient staffing, inventory, and other factors.
TIP: Never use "ALL", "ALWAYS", "NEVER", etc...words like this turn arguments false.
(Weighted average cost ofâ capital) Bane Industries has a capital structure consisting of percent common stock and percent debt. Theâ firm's investment banker has advised the firm that debt issued with a â$ parâ value, percent couponâ (interest paidâ semiannually), and maturing in years can be sold today in the bond market for â$. Common stock of the firm is currently selling for â$ per share. The firm expects to pay a â$ dividend next year. Dividends have grown at the rate of percent per year and are expected to continue to do so for the foreseeable future. What is â Bane's average cost of capital where the firm faces a tax rate of âpercent?
Answers
Bane Industries' weighted average cost of capital (WACC) is 3.0%.
To calculate Bane's weighted average cost of capital (WACC), we need to consider the cost of both equity and debt. The cost of equity is calculated using the required return on equity (RoE), which is the expected return on the investment in Bane Industries' common stock. The cost of debt is calculated using the interest rate on the debt, which is the coupon rate of the debt and the firm's tax rate.
Assuming that Bane Industries' debt has a par value of $100 and a coupon rate of 6%, and that the firm's tax rate is 30%, the cost of debt is:
Cost of debt = (6% * 100) / (1 - 0.30)
= 6% / 0.7 = 9%
To calculate the weighted average cost of capital (WACC), we need to multiply the cost of equity by the percentage of common stock and the cost of debt by the percentage of debt. Assuming that Bane Industries' common stock represents 50% of the capital structure and that the debt represents 50%, the WACC is:
WACC = (0.5 * RoE) + (0.5 * (9% * 50%))
= (0.5 * (6% / 2) + 0.5 * (9% * 50%))
= 3.0%
Therefore, Bane Industries' weighted average cost of capital (WACC) is 3.0%.
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Do you believe that employees communication helps on a business?
Answers
Answer:
Yea I do cus the more people understand each other the more things go by smoothly, you know there's a saying, ✨communication✨ is the answer
Define one key area of your daily life that would benefit if you learned to communicate better. Explain in detail how that key area would improve with better communication.
Answers
Answer:
if I learned to communicate better I would have more patience
Explanation:
if I were to communicate better I would have more patience with people it would help me understand other people's thoughts feelings and needs as well if I communicated my own thoughts feelings and needs it builds better relationships
. A company builds warehouses in big cities so products can reach urban customers
quickly
Answers
Answer: Channel Management
Explanation:
Channel management refers to any effort made by a company to enable it reach its customers to be able to market and sell goods to them. This involves finding and engaging routes and channels that will get the goods to them in the most efficient manner.
By building warehouses in big cities so that they can store products that will reach customers in urban areas quicker, the company is using engaging in Channel management techniques.
two ways in which young entrepreneurs can benefit from the National Youth Development Agency
Answers
South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.
Anthony has a college savings account with $8,657 in it. He has $347 in his checking account.
He currently has $45 in his wallet in cash, but he owes Yenny $186 for a personal loan that she
gave him. Anthony owns a limited edition pair of Jordan's that are worth $4,500. What is
Anthony's net worth?
assets? value? liabilities? amount?
Answers
Answer:
$13,363
Explanation:
Net-worth is the difference between an individual's assets and liabilities. In other words, net-worth is equal to assets - liabilities.
Anthony's assets
College savings account $8,657
checking account $347
Cash $45
Pair of Jordan's $4500
Total assets $13,549
His liabilities
A personal loan from Yenny $186
Net-worth = $13,549- $186
=$13,363
The requirement is to compute the fixed, variable, total and the average cost per cup at different levels of sales. Given that, Fixed costs is $ 800 Variable cost per cup is $ 0.54
Answers
The average cost for each cups of coffee per weeks are:
2,000 cups per week = $0.942,100 cups per week = $0.922,200 cups per week = $0.90The average cost per cup of coffee decreases as the cups of coffee increases.
Based on the case, we know that:
Fixed cost = $800
Variable cost = $0.54 per cup
Q1 = 2,000
Q2 = 2,100
Q3 = 2,200
Total cost ?
Average cost ?
To find the total cost of each cups of coffee per week, we can use the total cost formula:
Total cost = Fixed cost + (Variable cost x Quantity per week)
Q1 = 2,000
Total cost = $800 + ($0.54 x 2,000)
Total cost = $1,880
Q2 = 2,100
Total cost = $800 + ($0.54 x 2,100)
Total cost = $1,934
Q3 = 2,200
Total cost = $800 + ($0.54 x 2,200)
Total cost = $1,988
Average cost can be calculated by dividing total cost with the cups of coffee per week.
Average cost = Total cost : Quantity per week
Q1 = 2,000
Average cost = $1,880 : 2000
Average cost = $0.94
Q2 = 2,100
Average cost = $1,934 : 2,100
Average cost = $0.92
Q3 = 2,200
Average cost = $1,988 : 2,200
Average cost = $0.90
The average cost per cup of coffee decreases as the cups of coffee per week increases.
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Complete Question:
Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $800 and the variable cost per cup of coffee served is $0.54.
Required:
Fill the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. Q1 = 2,000; Q2 = 2,100; Q3 = 2,200.Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increase?MAKE IT PAY: What was the last product that you purchased? Think for a minute about why you made the purchase. How did each of the marketing functions affect your decision? Ask yourself questions such as:• Why did you want the product?• Did the product’s brand impact your actions?• Did the product’s price influence you?• Where did you purchase the product?• How did you hear about the product?• Who helped you to make your purchase? Finally, after answering these questions, consider the following: How did the different marketing functions work together as a team to encourage you to make your purchase? *
Answers
Answer:
This may be something you must answer yourself. Lets say you just bought some really nice suede shoes. It's winter, and the suede is actually keeping your feet really warm unlike other shoes. Why'd you make the purchase? It was cold and you needed new shoes that would keep your feet warm, and maybe the reason you bought new shoes made out of a more rough material is because your older shoes were made out of canvas. How did the marketing functions affect your decision? Because suede is durable, and it also keeps your feet warm. Maybe the shoes were designed to be winter shoes, or maybe they were just suede skate shoes, and you know that suede keeps your feet warm. How come you wanted the product? Because your feet were cold in your old shoes, and you just needed new shoes!
Explanation:
i hope you understand what this question is asking you now.
You see Paul dealing with Susan, an upset employee from another department. Susan is complaining about something that your department was supposed to do but didn't. You are in a back room and have not been seen by Susan. Paul is obviously frustrated and unable to deal with Susan effectively. You should:
a. Walk up to the pair and attempt to change the conversation.
b. Introduce yourself to Susan and offer your assistance.
c. Ask your supervisor to offer some interpersonal skills training to Paul.
d. Tell Paul that Susan is needed by the supervisor to end the situation.
Answers
In which situation would saving a Word document as a PDF be most useful?
when checking for accessibility issues
O when allowing users to make changes to a document
when users who want to view a document do not have Word
O when sending a document to a person who has no access to browsers
Answers
Answer:
its "when users who want to view a document do not have word"
Explanation:
c
Answer: C
Explanation:
which keeps you from paying a fee you if you accidentally write a check and have insufficient funds in your checking account
Answers
Overdraft protection keeps you from paying a fee you if you accidentally write a check and have insufficient funds in your checking account.
Therefore, option A. Overdraft protection, is the correct answer.
An optional bank account feature called overdraft protection stops charges from being declined when they exceed the available cash. When a bank account does not have enough funds to support a payment, an NSF fee, also known as a non-sufficient funds fee, is charged.
Overdraft protection ?Your bank offers overdraft protection as a service to ensure that your transactions are covered even if there are insufficient funds in your checking account.
The bank will immediately transfer whatever monies you have available in another connected account to the overdrawn account.
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Se the following tax rates, ceiling and maximum taxes: employee and employer oasdi: 6.20% $142,800 $8,853.60 employee* and employer hi: 1.45% no limit no maximum self-employed oasdi: 12.4% $142,800 $17,707.20 self-employed hi: 2.9% no limit no maximum *employee hi: plus an additional 0.9% on wages over $200,000. also applicable to self-employed. rounding rules: unless instructed otherwise compute hourly rate and overtime rates as follows: carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). if the third decimal place is 5 or more, round to the next higher cent. if the third decimal place is less than 5, drop the third decimal place. also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. crow earned $585.15 during the week ended march 1, 20--. prior to payday, crow had cumulative gross earnings of $4,733.20. round your answers to the nearest cent. a. the amount of oasdi taxes to withhold from crow's pay is $fill in the blank 1. b. the amount of hi taxes to withhold from crow's pay is
Answers
Based on the OASDI and HI tax rates given, the amount to be withheld for OASDI is $36.28 and for HI is $8.48.
What amount of OASDI taxes will be withheld?This can be found as:
= OASDI tax rate x weekly earnings
= 6.2% x 585.15
= $36.28
What amount of HI Taxes will be withheld?= HI tax rate x weekly earnings
= 1.45% x 585.15
= $8.48
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Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
Your merchant fee is 2.5%. Your
customers paid you $500,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]
Answers
500k times .025 is 12500
The fee must you pay the credit card company is $12,500.
What is a credit card?A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
When a consumer uses their credit or debit cards to purchase goods or services from a business, the merchant's bank balance must pay transaction fees called merchant fees.
The calculation for merchant fees is
The merchant fee will be 2.5% of $500,000
=2.5/100 x $500,000
=0.025 x $500,000
=$12,500
Therefore, the amount paid as a fee will be $12,500.
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A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service
Answers
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
state a comparison of
the arrangement of the molecules in ice and in liquid water
ice-
liquid water-
Answers
Answer:
Ice, liquid water, and water vapor differ in the arrangement and motion of water molecules
Explanation:
keynesian economists believe that a. the market tends toward stability and full employment. b. the economy needs help in moving back to full employment. c. savings is crucial to growth. d. prices are flexible. e. the long run is more important than the short run.\
Answers
Keynesian economists believe that the market tends toward stability and full employment. Thus, option A is correct.
What was the concern of Keynesians?The primary concern of Keynesian financial matters is that total interest affects the value level, result, and work. Also, business certainty can influence total interest.
That's what Keynesians trust: since costs are fairly unbending, fluctuations in any part of expenditure — utilization, speculation, or government uses — make yield change. On the off chance that administration spending increments.
Therefore, option A is correct.
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How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
External analysis and internal analysis combined constitute what has come to be called?
Answers
External analysis and internal analysis combined constitute what has come to be called the SWOT analysis.
What is SWOT analysis?
Using a SWOT analysis, a person or organization can determine their strengths, weaknesses, opportunities, and threats in relation to project planning or competitive business environments. Situational analysis or situational evaluation are other names for it. The four pillars of a SWOT analysis are strengths, weaknesses, opportunities, and threats for your business. A SWOT analysis' main goal is to assist enterprises in fully understanding all the variables that go into choosing a course of action. Utilize your opportunities and strengths to advance. Use your strengths to confront threats and repel them. So that you may take advantage of chances, and strengthen your deficiencies. Because the threats are tailored to your weaknesses, withdraw (in Dutch).
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Give an example of a specialist external agency that a café could use to advertise for an accountant in their head office.
Answers
Answer:
A finance reporting accountant prepares periodic financial statements required for external reporting. They collect and analyze financial data, ensuring that all reporting complies with SEC and GAAP reporting regulations and guidelines. They also prepare internal reports as required.
Explanation:
Please mark Brainliest!
An apprentice involves _____
A. Hands-on experience in a skill
B. Extensive internet research
C. Classes at a vocational-technical center
D. A four-year degree
Answers
Answer:
the answer is a
Explanation:
An apprentice is someone following the in print 18 around and doing what they're doing just less important things
Answer:
a
Explanation:
took the unit test
Which of the following is not a step in the decision making process
a.Identify Choices
b. MAKE a decision
c.Consult a career coach
d. DEFINE your needs and wants
Answers
Career Coach is wrong (Pretty sure)
Today, it is stressed even more that companies go beyond just making a profit and take into consideration the environment and philanthropic initiatives. This is known as practicing ______. Multiple choice question. association economies of scale whistle-blowing corporate social responsibility benchmarking
Answers
The practice of firm taking into consideration the environment and philanthropic initiatives is known as corporate social responsibility.
Corporate social responsibility is basically the policies undertaken by firms which is intended to have a positive influence on the environment around them..
The reason for the Corporate social responsibility policy is to allow the firm pursue other pro-social objectives in addition to maximization of profits.
Some examples of Corporate social responsibility objectives include:
Donation to charity.Efforts to minimize environmental externalities.Promotion of volunteerism among company employees.Therefore, the practice of Corporate social responsibility is when firms take into consideration the environment and philanthropic initiatives which is beyond the primary objective of profit-making.
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Consider the following production function: where is output, is labor input, and is a fixed amount of labor that is required before the first unit of output can be produced (like a research cost). We assume that if . Each unit of labor costs the wage to hire.
(a) How much does it cost to produce any arbitrary amount of output, ? That is, find the cost function that tells the minimum cost required to produce units of output.
(b) Show that the marginal cost is constant (after the first unit is produced), and that the average cost is declining. Does the production function above feature increasing return to scale (IRS), decreasing return to scale (DRS), or constant return to scale (CRS)?
(c) Show that if the firm charges a price equal to marginal cost, its profits, defined as , will be negative regardless of the level of .
(d) Comparing the Solow model and the AK model (the latter is discussed in tutorial), when TFP is fixed, the Solow model predicts that the economy does not grow in the long run. What is the key assumption that leads to this result? What is the prediction of the AK model regarding the long-run economic growth and what is the key assumption that lead to this result?
Answers
(a) The cost function to produce units of output, , can be calculated as follows:
If , the cost is zero because no labor input is required to produce zero output.
If , the cost is because only the fixed cost, , is incurred.
If , the cost is because one unit of labor is required to produce the first unit of output, and each unit of labor costs the wage, .
Therefore, the cost function, , can be defined as:
(b) To show that the marginal cost is constant (after the first unit is produced), we differentiate the cost function with respect to the output, :
The marginal cost is constant and equal to .
To show that the average cost is declining, we divide the cost function by the output:
The average cost is , which is declining as increases.
Based on the production function, we can observe that it features constant returns to scale (CRS). This is because doubling the labor input, , will exactly double the output, , and the cost of production will also double.
(c) If the firm charges a price equal to the marginal cost, the profits can be calculated as:
Substituting the expression for the marginal cost, we get:
Regardless of the level of output, the profits will be negative because the price is equal to the marginal cost. The fixed cost, , and the labor cost, , will always exceed the revenue generated from selling the output, resulting in negative profits.
(d) In the Solow model, the key assumption that leads to the prediction of no long-run economic growth is that the total factor productivity (TFP) is fixed. TFP represents technological progress or improvements in efficiency. If TFP is fixed, the model predicts that in the long run, the economy will reach a steady state where output and capital per worker remain constant, resulting in no further growth.
In the AK model, the prediction regarding long-run economic growth is different. The AK model assumes that there are increasing returns to scale, meaning that the output can grow without bound as long as there is sufficient investment in capital. The key assumption is that the production function exhibits constant returns to capital (CRK), which implies that doubling the amount of capital will exactly double the output. With this assumption, the AK model predicts that the economy can achieve sustained economic growth in the long run by increasing the investment in capital.
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