The journal entry on December 31, 2021, in relation to depreciation of the machine would be option (b): Dr. Depreciation Expense $800, Cr. Machine (PPE) $800.
The Straight-Line Method of depreciation evenly allocates the cost of an asset over its useful life. In this case, the machine was purchased for $4,500 with a useful life of 5 years and a residual value of $500.
To calculate annual depreciation using the Straight-Line Method, we subtract the residual value from the initial cost and divide it by the useful life. In this case, the annual depreciation expense would be ($4,500 - $500) / 5 = $800.
On December 31, 2021, the first year of the machine's useful life has passed. Thus, Advantage Co. needs to record the depreciation expense for that year. The journal entry would be:
Dr. Depreciation Expense $800
Cr. Machine (PPE) $800
This entry debits the Depreciation Expense account, which represents the expense incurred due to the machine's depreciation. The credit is made to the Machine (PPE) account, reducing its carrying value by the amount of depreciation. The Accumulated Depreciation account is not involved in this journal entry because it is a running total of all depreciation expense recorded over the years.
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one of the main methods mike uses to make sure his employees are motivated is:a tiered bonus system based on performance.to find out what their personal goals are.to offer the highest wages in the industry.to use a personality instrument to determine a person's fit with the company.
Mike uses the method of a tiered bonus system based on performance as one of the main methods to make sure his employees are motivated.
Tiered bonus system is an approach to performance management that emphasizes the link between pay and performance. This method of motivation is implemented in order to encourage employees to work hard and produce quality results.
The tiered bonus system works by setting performance goals for employees and then linking those goals to specific levels of pay. This means that the more an employee achieves their performance goals, the more they are rewarded with bonuses, and the higher their salary will be over time.
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The law of increasing opportunity cost is reflected in the shape of the…
a) production possibilities curve concave to the origin
b) production possibilities curve convex to the origin
c) horizontal production possibilities curve
d) straight-line production possibilities curve
e) upward-slopping production possibilities curve
The law of increasing opportunity cost is reflected in the shape of the production possibilities curve concave to the origin (option A).
What is the production possibilities curve?The production possibilities curve depicts the various combination of two goods a company can produce when all its resources are fully utilised.
The production possibilities curve is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
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Which descriptions offer examples of Consumer Services workers? Check all that apply.
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Titus cares for young children in private homes.
Enrique responds to customers to resolve their complaints about items they purchased.
Deshawn organizes activities, programs, and events for a religious group.
Zoe organizes and oversees funeral services.
Answer:
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Enrique responds to customers to resolve their complaints about items they purchased.
Explanation:
Just answered this question.
Answer:
abd
Explanation:
On November 1, 2021, Aviation Training Corp. borrows $59,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation’s year-end is December 31.
Debit cash by $59,000 and credit notes payable by $59,000.
Debit Interest expense by $590 and credit interest payable by $590.
Debit notes payable by $59,000 , interest payable by $590 , interest expense by $295 and credit cash $59,885.
A journal is a book where all of a business's transactions are initially documented. Journalising is the process of entering transactions into a journal.
Each transaction has two effects on the accounts: one debit and one credit. 'Debit' (Dr.) and 'Credit' (Cr.) are the two phrases or signs used to indicate the financial impact of any transaction. The French term "JOUR," which means daily records, is where the word "journal" comes from. Prime records for small businesses are reportedly kept in Journal Book. The transactions are then posted to Ledger following the preparation of the journal book.
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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
In which workplace are workers least likely to be injured by heavy equipment? a greenhouse a slaughterhouse a farm a quarry
Answer:
A green house
Explanation:
a slaughterhouse a farm a quarry
use heavy equipment and even tho they have more safety then a green house you could still even die on the job where in a green house the most you could get a a cut from a knife or something.
Please correct me if I'm wrong LOL
Por que se dice que emprender suele ser una decisión muy difícil quien la toma sabe que esta renunciando a la estabilidad que otorga un salario
Answer:
porque se dice que quiero tomar el siguiente
Which of these people is part of the labor force?
A.
an eighth-grader with a paper route
B.
a retired salesperson
C.
a full-time college student
D.
an auto mechanic
Which is the best example of frictional unemployment?
A.
a plumber’s contract with an apartment building ending
B.
college graduates looking for their first jobs after their internships
C.
workers being laid off during a period of recession
D.
a company moving to another state, leaving its workforce without jobs
Which are ways that the economy is affected when the unemployment rate goes up? Select the two correct answers.
A.
Fewer people pay income taxes.
B.
Sales tax rates go down.
C.
Many people refinance their houses.
D.
Less money is spent on investments.
E.
People spend more money on larger items.
Which is the most likely result of incomes not rising as quickly as inflation?
A.
People are able to buy fewer goods and services.
B.
The unemployment rate rises as more people look for jobs.
C.
Many people decide to leave the labor force.
D.
Consumers buy more goods before inflation raises prices more.
How has the standard of living in the United States generally changed over the past 100 years?
A.
It has stayed more or less the same.
B.
It has gotten much better.
C.
It has gotten a little better.
D.
It has gotten much worse.
The people that is part of the labor force is option D: an auto mechanic
The best example of frictional unemployment is option D: a company moving to another state, leaving its workforce without jobs
The ways that the economy is affected when the unemployment rate goes up are option B and C:
Sales tax rates go down.Less money is spent on investments.The most likely result of incomes not rising as quickly as inflation is option B: The unemployment rate rises as more people look for jobs.
The way the standard of living in the United States generally changed over the past 100 years is option B: It has gotten much better.
What do the terms "labor force" and "work force" mean?The labor force is the whole population that is actively seeking employment. It is measured in terms of the number of days and is independent of wage rates. The workforce is the total number of people who are really employed.
Short-term unemployment includes frictional unemployment. When someone actively seeks a job or a new career, they are said to be in a frictional state of unemployment. Unemployment that is only intermittent isn't always a terrible thing. In fact, since it's voluntary, frictional unemployment may be a sign of a strong economy.
Hence, the term "workforce" or "labor force" refers to the group of people who are either employed or unemployed and an auto mechanic is a good example of it.
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Answer:
The answers are 1. D 2. B3. A and D4. A 5. B
Explanation:
! I'm here to help, and hopefully it's helpful, even though it's probably LATE. I do however apologize for this being a late answer to this question. I'm so very sorry if this isn't helpful.
what focuses on how individual users logically access data to meet their own particular business needs?
The logical view focuses on the logical activity of the data accessed by the user to fulfill their business needs.
What is the logical view?It corresponds to a model of system architectures view, with the logical view focusing on the functionality of the software structures so that it meets the needs of end users.
Therefore, the functionality of the systems is the scope of the logical vision, which seeks to establish effective systems, easy to be used by the end user, thus increasing the possibility of them making a purchase in the digital environment.
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Explain the hipp of the primary sources below source: letter written by john rolfe
The correct answer to this open question is the following.
Explain the HIPP of the primary sources below source: "letter written by John Rolfe."
"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.
"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.
"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.
"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.
The wise use of scarce resources and factors of production refers to the economic and social goal of ______.
The wise use of scarce resources and factors of production refers to the economic and social goal of scarce resources.
What are scarce resources in economics?
The sources that we value—time, money, labor, tools, land, and uncooked materials—exist in constrained deliver.There are genuinely in no way sufficient sources to fulfill all our wishes and desires. This circumstance is thought as shortage.What are the scarce elements of production?
The 4 elements of production - land, labor, capital, and entrepreneurship - are scarce sources that shape the constructing blocks of the economy.
What are the three kinds of shortage in economics?
Scarcity falls into 3 exceptional categories: call for-triggered, deliver-triggered, and structural.Demand-triggered shortage takes place while the call for of the useful resource will increase and the deliver remains the same.Supply-triggered shortage takes place while a deliver may be very low in assessment to the call for.Learn more about scarcity
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A machine was purchased for $500,000 with a residual value of $50,000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Straight-Line method for the 5-year life. (NOTE: Round your answers to the nearest dollar and enter it enter it WITHOUT decimals, commas or dollar signs [Example 75000].)
This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
The Straight-Line method of depreciation allocates the cost of an asset evenly over its useful life. To calculate the depreciation expense for the machine over its 5-year life, we need to first determine the depreciable cost of the asset. The depreciable cost of the asset is the original cost minus the residual value. In this case, the depreciable cost would be $500,000 - $50,000 = $450,000.
Next, we divide the depreciable cost by the number of years of useful life to calculate the annual depreciation expense. So, the annual depreciation expense for this machine would be $450,000 / 5 years = $90,000. Therefore, the depreciation expense using the Straight-Line method for the 5-year life would be $90,000 per year. This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
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Islanders are getting tired of fish and are looking for alternatives to provide protein to their diet. Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island.
Create a simple supply and demand curve that would show the shift in demand
As there was a decrease in demand for fish among the islanders, Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island. Hence the demand curve of fish declined and the supply curve of pigs will rise.
How do supply and demand curves work?The demand curve illustrates how much of a certain good or service customers will be able and willing to purchase at each price over a specific period of time. The supply curve shows how much inventory retailers plan to put up for sale at various prices at the same time. Supply and demand serve as a microeconomic model for determining pricing in a market.
Supply and demand serve as a microeconomic model for determining pricing in a market. The demand curve for products and services can change depending on a number of factors, including changes in population, income, the cost of complementary or substitutive goods, and expectations for future conditions and prices. As a result, a different amount may be demanded at a particular price.
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True or false.
Supply and demand determines the price of labor paid for jobs earning more than minimum wage.
Answer:
true
Explanation:
Managers from multiple functions can come together as part of a _______ to solve a specific corporatewide problem.
Managers from multiple functions can come together as part of a task force to solve a specific corporatewide problem.
Who is a manager?It should be noted that a manager simply means an individual in and organization that controls and guides the team to achieve the goals of the organization.
In this case, managers from multiple functions can come together as part of a task force to solve a specific corporatewide problem
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The listing agent is informed by the seller that the basement gets wet when it rains. the agent says nothing to the buyer. who is liable for the failure to disclose the latent defect?
Seller is liable for the failure to disclose the latent defect.
When a property is purchased by a buyer, the seller is legally liable to disclose to the buyer, any property damage or current problems regarding the property, known as latent defect. If fails to, then the seller is liable for the failure to disclose the latent defect. Here, the problem that the basement gets wet when it rains is a latent defect in the sense that it cannot be identified by an external observation in normal conditions.
So here, the seller is liable even though he has informed the listing agent. Now the liability can be extended to the agent if he prove that he has informed prior to the agent regarding the issue.
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toyota production system—an integrated approach to just-in-time, yasuhiro monden, institute of industrial engineers, 3rd edition, norcross, georgia,1997. pdf
The book "Toyota Production System: An Integrated Approach to Just-in-Time" by Yasuhiro Monden explores the Toyota Production System, emphasizing JIT production, waste elimination, and key concepts like kanban, poka-yoke, jidoka, and andon.
The book "Toyota Production System: An Integrated Approach to Just-in-Time" by Yasuhiro Monden is a valuable resource that explores the Toyota Production System (TPS). TPS is a renowned production management system developed by Toyota that emphasizes efficiency, quality, and waste reduction.
The TPS philosophy is based on two main principles: just-in-time (JIT) production and the elimination of waste. JIT production aims to produce and deliver products at the exact time they are needed, minimizing inventory and associated costs. This approach helps reduce lead times, improve customer satisfaction, and optimize resource utilization.
The second principle, waste elimination, focuses on identifying and eliminating any activities that do not add value to the final product. This includes minimizing defects, reducing inventory, eliminating unnecessary movement, and streamlining processes. By eliminating waste, companies can improve efficiency, reduce costs, and enhance overall quality.
The TPS also incorporates several key concepts and techniques, such as:
1. Kanban: A visual system that signals the need for production or materials based on actual customer demand. Kanban cards or signals are used to control the flow of materials and ensure that production aligns with customer requirements.
2. Poka-yoke: This term refers to mistake-proofing techniques that prevent or detect errors before they occur. Poka-yoke devices or mechanisms are used to ensure that operators perform tasks correctly and avoid mistakes.
3. Jidoka: This concept emphasizes the importance of quality control at each step of the production process. It involves empowering workers to stop the production line when they detect an abnormality or defect, preventing the production of defective products.
4. Andon: An andon system is used to notify workers and management about any abnormalities or issues that arise during production. It provides a visual and audible signal, allowing for immediate attention and resolution of problems.
These are just a few key aspects of the Toyota Production System. By implementing TPS principles and techniques, companies can improve productivity, quality, and customer satisfaction while reducing waste and costs. The book by Yasuhiro Monden provides a comprehensive understanding of TPS and its practical applications.
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Please Help Will Give Brainliest
List at least five forms in which a USP can appear.
Answer:
Explanation:
A Unique Selling Proposition (USP) is a unique selling point or slogan that differentiates a product or service from its competitors. A USP may include words such as the "lowest cost," "the highest quality," or "the first-ever," which indicates to customers what your product or service has that your competitors do not.
which statement best describes the sixteenth-century english economy? question 1 options: a) it was largely stable and growing with everyone generally prospering and looking optimistically towards the future. b) it was unstable and undergoing rapid changes with merchants gaining power and much of the population living in economic uncertainty. c) urban and rural labor enjoyed higher wages and new bargaining power relative to the factory owners and landlords. d) traditional aristocratic landholders gained economic power at the expense of merchants.
Answer:b
Explanation:
if was a large stable community demanding growth
The sixteenth-century english economy was unstable and undergoing rapid changes with merchants gaining power and much of the population living in economic uncertainty. Option B is correct.
The sixteenth century English economy was marked by significant changes and instability, including the growth of a money-based economy, the expansion of trade, and the rise of merchant capitalism. These changes led to a shift in power and wealth, with merchants gaining more influence and wealth, while much of the population experienced economic uncertainty. This period of economic change and instability was also characterized by the growth of urbanization, the development of a new class of merchants, and the decline of feudalism.
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Which of the following job search materials is the most important?
A. resume
B. list of references
C. cover letter
D. personal information card
Answer: A
Explanation:
Your resume is what you are telling the boss about you, your skills, your accomplishments, and what you do in the internet. This will prove if you get the job or not and I think this is the most important.
A resume is one of the most important materials for job searching. Hence, option A is appropriate.
What is a Resume?Job seekers must create a formal paper called a resume to describe their qualifications for a position. A personalized cover letter that is included with a resume typically conveys interest in a particular position or business and attracts attention to the CV's most crucial details.
A CV, usually called résumé, is a formal record used to describe a person's professional experience and skill set. It is typically made to aid an applicant in finding a new job. A professional overview, work history, as well as education parts make up a conventional resume.
The goal of a resume would be to persuade potential employers that you are qualified for just a position and therefore warrant an interview. Many job seekers are under the impression that their resumes must provide a detailed account of their professional experiences. Consider your resume as just an advertisement for yourself instead.
Hence, option A is correct.
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suppose a firm pays total dividends of $165,000 out of net income of $1 million. what would the firm's retention ratio be?
The firm's retention ratio, or the percentage of net income retained for reinvestment, would be 83.5%.
How to Calculate the Retention Ratio?The retention ratio is a financial metric that measures the percentage of net income that a firm retains for reinvestment or other uses, rather than distributing it as dividends.
To calculate the retention ratio, you need to determine the amount of net income retained by the firm, which is simply the net income minus the dividends paid.
In this case, the firm's net income is $1 million, and the dividends paid are $165,000. Therefore, the retained earnings can be calculated as:
Retained Earnings = Net Income - Dividends Paid
= $1,000,000 - $165,000
= $835,000
The retention ratio can then be calculated as the retained earnings divided by the net income:
Retention Ratio = Retained Earnings / Net Income
= $835,000 / $1,000,000
= 0.835 or 83.5%
Therefore, the firm's retention ratio would be 83.5%.
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The drawee is the
Question 4 options:
person who writes the check.
person who reconciles the account.
bank with which the drawer has an account.
person to whom the check is payable.
Answer:
C
Explanation:
The drawee is the bank with which the drawer has an account.
A new company can offer stocks in an initial public offering (IPO) before the company has proven itself capable of generating long-term profits for its stockholders. If the company seems likely to generate profits, the stock price in the IPO will rise; if the company seems less likely to generate profits, the stock price in the IPO will fall. Today business analysts announced that the Tenon Corporation has turned a profit in the financial quarter just completed. Therefore, stock prices for the Tenon Corporation's IPO, which is planned for next week, will rise.
Which of the following, if true, most weakens the argument above?
A. Companies that do not have profitable quarters are not profitable in the long run.
B. Stock price predictions for the Tenon Corporation's IPO have varied markedly over the last several months.
C. The last financial quarter has proven profitable for numerous other companies in addition to the Tenon Corporation.
D. Industry experts announced today that the raw materials from which the Tenon Corporation manufactures its products will become prohibitively expensive within the next month.
E. Most people who purchase stocks in an IPO decline to attend stockholders' meetings of the companies in which they own stock.
Answer: D. Industry experts announced today that the raw materials from which the Tenon Corporation manufactures its products will become prohibitively expensive within the next month.
Explanation:
Costs eat into the profits of a company because the higher the costs of producing something, the less profit can be made after the costs are covered.
If there is a situation therefore, where the raw materials that Tenton relies on becomes more expensive, it is definitely going to affect their profitability because they will incur a higher cost to produce.
This will reduce their future profitability which would mean that Tenton becomes less likely to generate a certain level of profit in future thereby weakening their stock according to the logic above.
What you think the impact on society is for the ones making the pencils
Answer:
The impact was how many trees were being cut down.
Explanation:
People eyes were opened to how many trees were being used and programs were started for tree conservation. We now have mechanical pencils which use no wood at all. This dramatically cut down the usage of trees and got people's eyes opened to the shortage in trees. Graphite and the wooden holders.
Answer:
I think that it made business even easier by making them able to write easily.
Explanation:
Pencil was made to mark and write things, it could be used for counting or calculating during the time without technology. It could be used for writing on paper and then to turn it in.
Workers who get to be a part of effective teams are likely to have
Answer:
increased self-esteem.
Explanation:
when the core competences of a firm are not related to the product being sold, an attractive mode of entry for entering the international market is
When the core competences of a firm are not related to the product being sold, an attractive mode of entry for entering the international market is licensing and franchising.
Licensing or franchising are appealing entrance points into the global market when a company's fundamental competencies are unrelated to the product being sold. Both licensing and franchising are entrance strategies that demand giving up some control and collaborating with a regional partner.
Direct export, international agents and distributors, joint ventures, strategic alliances, and foreign direct investment are additional ways to enter the global market. Each of these entry vehicles has a unique mix of benefits and drawbacks.
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Cathy, Don, and Ethel are partners in Fruit Orchard Farms. Cathy gives notice to quit the firm, which otherwise continues to do business. This is
When a partner does what Cathy did and the partnership continues regardless, this is known as a Dissociation.
A Dissociation in a partnership:
Means that a partner no longer wishes to be part of a partnership The partner loses their management rights Might not absolve the partner of partnership liabilitiesBecause the business kept going even after Cathy gave notice to quit, this is known as a dissociation and not a dissolution which would have ended the partnership.
In conclusion, this is a dissociation.
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People are living paycheck to paycheck why is that a problem
Question 14 2 pts (Table: Utility from Reese's Peanut Butter Cups) Use Table: Table: Utility from Reese's Peanut Butter Cups. If Oliver consumes three peanut butter cups, his total utility will be uti ls. Table: Utility from Reese's Peanut Butter Cups Number of peanut Marginal utility of butter cups peanut butter cups 1 22 2 18 3 14 4 12 5 9 6 6 7 3 8 0 54 18 22 10
Based on the provided table, Oliver's total utility from consuming three Reese's Peanut Butter Cups can be calculated by summing the marginal utilities of the first three peanut butter cups.
Total utility = 22 (1st cup) + 18 (2nd cup) + 14 (3rd cup) = 54
So, if Oliver consumes three peanut butter cups, his total utility will be 54.
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on july 14, avila co. collected a receivable due from a major customer. which of the following ratios is increased by this transaction? inventory turnover ratio. receivable turnover ratio. current ratio. quick ratio.
On July 14, Avila Co. collected a receivable due from a major customer. This transaction increases the Receivable Turnover Ratio.
The other ratios mentioned (Inventory Turnover Ratio, Current Ratio, Quick Ratio) are not affected by this transaction. The receivable turnover ratio is the measure of how quickly a company collects payments from its debtors, so when a receivable is collected, it is factored into this ratio. The other ratios, such as inventory turnover ratio, current ratio, and quick ratio, are not directly impacted by this transaction.
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