Reilly Company purchased a tractor at a cost of $90,000. The tractor has an estimated salvage value of $10,000 and an estimated life of 8 years, or 10,000 hours of operation. The tractor was purchased on January 1, 2013 and was used 2,400 hours in 2013 and 2,100 hours in 2014. On January 1, 2015, the company decided to sell the tractor for $35,000. Reilly uses the units-of-production method to account for the depreciation on the tractor. Based on this information, the entry to record the sale of the tractor will show:

The journal entry will be:

Debit: Accounts Receivable 2766

Credit: Sales 5000

Debit: Discounts Allowed 317

Credit: Trade Discount Allowed 300

Credit: Cash Discount Allowed 17

To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.

The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:

5000 x 6% = 300

The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:

(5000 - 300) x 1% = 17

The total discounts is trade discount + cash discount

300 + 17 = 317

The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:

(5000 - 317) x 60% = 2766

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Lenovo's assumption that consumers want a higher-quality camera on their phone most likely came to light during the idea generation stage of the new product development process.

New product development can be defined as the use of a business firm's product development efforts and ideas to achieve the following:

I. The development original products.

II. Improvement of its product.

III. Modifications of a product.

IV. The creation of new brands.

Basically, the new product development process comprises four (4) main stages and these include:

Idea generation simply involves the systematic search by a business firm for new product ideas.

In this context, Lenovo's assumption most likely came to light during the idea generation stage of the new product development process.

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When comparing an ETN to a structured product, the statement that is true is that ETNs have maturity dates. An ETN is a type of unsecured, unsubordinated debt security that was created to offer investors access to the returns of a market index or other benchmark.

They are structured products that are traded on exchanges and provide exposure to a variety of asset classes. Unlike other exchange-traded securities, such as exchange-traded funds (ETFs), which own the underlying assets, ETNs do not own the underlying assets. Rather, they are senior, unsecured, unsubordinated debt securities that track the performance of a particular market index or other benchmark.

Because they are debt securities, they have maturity dates. When an ETN matures, the investor receives a cash payment equal to the value of the index or benchmark that it tracked. The investor's return is therefore based on the performance of the underlying index or benchmark, less any fees charged by the issuer.

ETNs do not offer principal protection or guaranteed returns. Instead, they are subject to credit risk, which means that if the issuer of the ETN were to default, investors would lose their investment.

ETNs are also traded on exchanges, making them easy to buy and sell like other exchange-traded securities.

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Answer:

Explanation:

Hope it helps u

People can reach different decisions using cost-benefit analysis even under the same conditions due to several factors:

1. Subjective perception of costs and benefits: Different individuals may have varying perceptions of what constitutes a cost or benefit. People's values, beliefs, and personal preferences can influence how they weigh and evaluate the potential advantages and disadvantages of a decision. For example, one person might prioritize financial savings as a significant benefit, while another person might prioritize convenience or long-term outcomes.

2. Different information and knowledge: People may have access to different information or possess varying levels of knowledge about the situation being analyzed. The availability and interpretation of information can significantly impact the perceived costs and benefits. Individuals with more accurate or comprehensive information may make different decisions compared to those with limited or biased information.

3. Risk tolerance: People differ in their willingness to take risks and their aversion to potential losses. Some individuals may be more risk-averse, focusing on potential drawbacks and avoiding negative outcomes. Others may be more risk-tolerant, emphasizing potential rewards and being willing to accept higher risks. These different risk attitudes can lead to divergent decisions, even when faced with similar cost-benefit analyses.

4. Time preferences: People may have different time horizons and preferences when considering costs and benefits. Some individuals may prioritize immediate gains or losses, while others may consider long-term implications. This difference in time preferences can lead to contrasting decisions, with some individuals favoring short-term benefits and others emphasizing long-term gains.

5. Individual circumstances and goals: People's unique circumstances, such as their financial situation, personal responsibilities, and life goals, can impact their decision-making. What may be beneficial or costly for one person might not hold the same weight for another. Factors such as age, family status, career aspirations, and personal values can all contribute to divergent decisions.

Overall, the variability in decisions using cost-benefit analysis arises from the complex interplay of subjective factors, individual perspectives, information disparities, risk attitudes, and personal circumstances. Different people weigh and prioritize costs and benefits differently, leading to diverse decision outcomes even when faced with the same conditions.

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Answer:

b. record transactions for business

Explanation:

A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.

Answer:

C

Explanation:

because thats wat ist is.- limited funds

Answer:

This statement is false.

Businesses don't react to contractions in the economy by increasing output.

Explanation:

The reason behind this answer is that if companies increase their production to sell more, they are going to drive the price down. This is what happened with the recent oil crisis. The demand was down (this is the major phenomenon in a contraction, consumption goes down) and they didn't stop producing or reducing their production. U.S. oil production increased. Driving its price down. So, because this happened their business models were not efficient anymore and they required bailouts to not go bankrupt. So, they don't act like this. They reduce their costs, prices, and look for government subsidies in their products.

The term "hybrid cloud" refers to the services provided by data centres and public clouds combined. Some of its vendors are WebSphere Cast Iron Cloud Appliance, Federation Enterprise Hybrid Cloud, CloudSystem, LotusLive, Windows Azure platform, and Amazon Web Services.

Top 5 by Revenue: Global Leaders in the Hybrid Cloud Market

Hybrid cloud solutions give merchants a competitive edge by offering  traditional IT infrastructure state-of-the-art services to their customers in addition to being affordable and secure. Since hybrid cloud computing solutions provide a secure firewall for private services and sufficient . They are popular among both large and small enterprises due to its integration for public ones.

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Answer:

join bmt-cnup-egu on meet

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At equilibrium, the economic surplus is represented by the area b (a + b)Multiple choice questionThe economic surplus is represented by the area b (a + b) at equilibrium.

ExplanationThe economic surplus is the sum of the consumer surplus and the producer surplus. The area above the supply curve and under the market price is the producer surplus, while the area below the demand curve and over the market price is the consumer surplus. Economic surplus is maximized at the equilibrium point where the supply and demand curves intersect, as this is the point at which the quantity supplied is equal to the quantity demanded.

In the graph below, the equilibrium point is where the supply and demand curves intersect at point E, and the economic surplus is represented by the area b (a + b):The area above the supply curve and below the market price is producer surplus, represented by area a, while the area below the demand curve and over the market price is consumer surplus, represented by area b. The area b (a + b) represents the economic surplus at equilibrium.

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Answer:

Receptionist (Full-time).

Explanation:

Phetoloportia Communications Inc. is an Engineering and ICT company focused on power distribution, disaster recovery solution, systems integration, network security, and broadband technology services. Our businesses are strongly channeled to providing reliable power, turnkey, integrated technology solutions to hotels, financial institutions, schools, oil and gas, and governmental agencies in the United States of America.

We are recruiting to fill the job position below;

Job Title: Receptionist.

Location: Miami, Florida.

Job ID: 010345

Employment Type: Full-time.

Minimum Requirements:

Application Closing Date:

1st of November, 2020.

How to Apply

All interested and qualified candidates should send their curriculum vitae (CV) in pdf format using the Job Title and ID as the subject of the mail e.g (Receptionist - 010345) to phetoloportiaatpci.com

The following list of drawbacks of owning a small business includes all but one of the following:  arduous government regulations difficulties raising funds  great personal dedication insufficient managerial ability

Financial hazard. A business can require a lot of financial resources to start and grow, and if things don't work out, you could lose a lot of money. You won't have a guaranteed salary either. Stress.

One of the biggest issues facing small-scale industries is finance. An organization's finances are its lifeblood, and without sufficient funding, no organisation can operate effectively. The main causes of this issue are a lack of capital and insufficient credit facility availability.

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Answer:

isnt it an elementary school student is her role?

Explanation:

Answer:

l

Explanation:

Some risk management responses that a middle age professional can give include avoiding overspending, making reasonable budgets, having a substitute plan in place for unforeseen events.

A middle age professional can invest in real estate business. They could also make it a point to spend carefully and avoid lending money to people who will not pay back.

Of course, they should ahve a stable job that gurantees regular income. in addition to this, there should be a mitigation plan for unforeseen events. These strategies can help them financially.

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Product Development is the focus of Design Thinking. The Agile Manifesto is concerned with software development.

Design Thinking is about discovering the right things, while Agile Manifesto is about creating the right things. Hence, option b) is correct.

Design thinking is a problem-finding methodology, whereas agile is a problem-solving methodology. It requires a high level of end-user empathy and comprehension, as well as an iterative process of developing new ideas, debunking assumptions, and redefinition of problems.

Agile Manifesto and Design thinking fosters a user-centric environment that emphasizes rapid iterations to achieve the best results. Use agile development to collaboratively build solutions to problems identified through design thinking.

Design thinking prioritizes the needs of the user, and Agile is an excellent method for delivering solutions gradually. The user's needs are considered throughout the design and development process.

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A situation when I had to solve a very complex problem in my life is that when my son purchased some new furniture for his apartment and requested me to assist in assembling it because, as is customary, it arrived in the least number of pieces possible after being dismantled.

There was one issue—two pages were missing from the instructions. Therefore, I had to improvise and utilize my creativity as well as my years of technical experience to figure out which screw went where and how to join and glue various parts together to ensure that the intended result was achieved. And I have to say that I have thoroughly liked the process.

Because while it is wonderful to follow a simple guide and complete the task quickly, it is also beneficial to occasionally push your mental limits in order to determine if you still have the ability to solve a technical problem on your own, without consulting the manuals. In my previous position providing technical support, I did that on a daily basis. When people called me with gadget issues, I tried to solve them remotely the majority of the time. Which is frequently more challenging than it first appears because they frequently struggle to adequately identify the issue and may have trouble following your instructions. But with a 90% success rate, I was able to solve nine out of ten problems tickets.

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Company Z can use step two in the decision-making process to achieve its ultimate goal of increasing sales and customer satisfaction by gathering the relevant information about a decision.

Step two of the decision-making process corresponds to gathering relevant information after the decision has been identified. At this stage, internal and external work is necessary, analyzing the errors and successes related to a past decision.

Therefore, it is necessary for company Z to seek information from different sources, such as the results of previous decisions, studies, market research and consultancy, to ensure greater chances of a decision being effective.

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Answer:

quaternary, because it involves research

Explanation:

Yes, MR and Mc apply in monopoly.

Monopoly

In economics, monopoly refers a firm who is the sole seller of its product, and where there are no close substitutes

Given,

Here we need to find whether MR and Mc apply in monopoly.

In this one we know that in a monopoly, profit is maximized when MR=MC, just like in a competitive market, when MR = Price = MC. You will remember that in a competitive market, the demand curve is flat. Its slope is zero.

Therefore, the derivative of this curve, which is the MR curve, also has a slope of zero.

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Answer:

understanding the interest rate

Explanation:

i took the test

The concept of supply and demand is essential in economics, serving as the foundation for understanding how they impact the economy. This worksheet focuses on the laws of supply and demand, changes in demand and supply, and market equilibrium. It also discusses the relationship between price and quantity, as well as how changes in price affect supply and demand.

The law of demand states that as the price of a good or service increases, the quantity demanded decreases, and vice versa. On the other hand, the law of supply states that as the price of a good or service increases, the quantity supplied also increases. In simple terms, the law of demand reflects the inverse relationship between price and quantity demanded, while the law of supply reflects the positive relationship between price and quantity supplied.

When prices change, it affects both supply and demand. If the price of a particular chocolate bar increases, it is likely to lead to a decrease in demand. This means that consumers will be less willing to purchase the chocolate bar at the higher price. However, it is important to distinguish between changes in demand and changes in the quantity demanded. Changes in demand refer to shifts in the entire demand curve, influenced by factors such as consumer preferences, income levels, and advertising. On the other hand, changes in quantity demanded refer to movements along the demand curve caused solely by changes in price.

Market equilibrium is the point where the quantity demanded equals the quantity supplied, resulting in a balance between buyers and sellers. It is determined by the intersection of the demand and supply curves. At this equilibrium price, there is neither a shortage nor a surplus of the good or service in the market. If the price is above the equilibrium, a surplus occurs, and sellers may lower prices to increase demand. Conversely, if the price is below the equilibrium, a shortage occurs, and sellers may raise prices due to high demand.

In conclusion, understanding the laws of supply and demand, the relationship between price and quantity, and market equilibrium is crucial in comprehending the dynamics of the economy. The laws of supply and demand illustrate how price changes influence quantity demanded and quantity supplied. Market equilibrium represents a state of balance in the market, where supply and demand are in equilibrium.

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Answer: Five organizations I can volunteer my services are;

Total plc

Shell

Cheveron

Halliburton

Schlumberger

Explanation:

Five organizations I can volunteer my services are;

Total plc

Shell

Cheveron

Halliburton

Schlumberger

Total; I would work as a procurement officer. I would be helping the organization procure their items easily,fast and affordable from the right source

Shell; I would work as an a geologist, to identify locations where natural resources like crude oil can be found

Cheveron; I'll work as an I.C.T personnel

Halliburton; I'll work as a mechanical engineer

Schlumberger; I'll work as a mechanical instructor on air compressors

The third quartile price can be found by first arranging the given data in ascending order.

Once you've arranged the data, you can use the formula given below to find the third quartile price:

Formula to find the third quartile price:Q3 = (3n + 1) / 4th term.

Where,Q3 is the third quartile price n is the total number of data point sterm is the rank of the data point.

Step-by-step solution:

Given data:166546, 235688, 366812, 471741, 559415, 698083, 717722, 868637, 942453, 1032602, 1168535, 1248397, 1367514,

We need to find the third quartile price. For that, we need to find the rank of the third quartile price. Using the formula for the rank of third quartile price, we get:

Q3 = (3n + 1) / 4Q3

= (3 x 13 + 1) / 4Q3

= 10.

So, the third quartile price will be the 10th term of the given data once arranged in ascending order. Arranging the given data in ascending order, we get:

166546, 235688, 366812, 471741, 559415, 698083, 717722, 868637, 942453, 1032602, 1168535, 1248397, 1367514.

The 10th term of the above arrangement is:1032602.

Therefore, the third quartile price is $1,032,602.

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Answer:

Budgeted COGS = $134 x 3,550 units = $479,250

Actual COGS = $482,151.42, so the total variance was $2,901.42 U

                    Swain Company

                   Income statement

Total revenue                                       $603,500

COGS:                                              ($482,151.42)

Gross profit                                       $121,348.58

S&A expenses                                     ($54,500)  

Net profit                                           $66,848.58

Retained earnings = $65,000 + $66,848.58 = $131,848.58

Explanation:

retained earnings $65,000

total sales $603,500

number of units sold = $603,500 / $170 per unit = 3,550 units

selling and administrative expenses $54,500

materials quantity variance = (actual quantity - standard quantity) x standard price = $9,250 favorable. This means that the company used fewer materials than budgeted: -$9,250 = (actual quantity - 24,850) x $9

actual quantity used = (-$9,250 / $9) + 24,850 pounds = 23,822.22 pounds less

materials price variance = (actual cost - standard cost) x units purchased = $3,525 U. This means that the company paid $3,525 more for materials than it had estimated: $3,525 = (actual cost - $9) x 23,822.22 pounds

actual cost = ($3,525 / 23,822.22 pounds) + $9 = $9.148 per pound

*the only way 2 labor hurs x standard cost = $1, is that standard cost = $0.50

labor efficiency variance = (actual hours - standard hours) x standard rate = $6,725 = (actual hours - 7,100) x $0.50:

actual hours = ($6,725 / $0.50) + 7,100 = 20,550 hours

labor rate variance = actual hours x (actual rate - standard rate) = $4,025 = 7,660.42 hours x (actual rate - $12):

actual rate = ($4,025 / 20,550 hours) + $0.50 = $0.6959

fixed overhead budget variance = actual fixed overhead - budgeted overhead = $1,425 U = actual fixed overhead - $248,500:

actual fixed overhead = $248,500 + $1,425 = $249,925

actual fixed overhead per unit = $249,925 / 3,550 = $70.4014

fixed overhead volume variance = (actual hours - standard hours) x actual fixed overhead per unit = -$6,000 F = (actual hours - 3.5 hours) x $70.4014:

actual overhead hours = (-$6,000 / $70.4014) + 12,425 hours = -85.23 + 12,425 = 12,339.77 hours

Answer:

The answer is False.

Explanation:

The office of the Attorney General in Virginia primarily responsible for attending to matters of the state such as:

The department of Labour on the other hand is tasked with the following mission to position Virginia as a conducive place to live work or run a business. It tries to achieve this by adopting and promoting international best practices.

Department of Environment of course is focused on ensuring that companies and individuals uphold the law in relation to the environment.

Managing the stability of inflation, employment and interest rates by the use of monetary policies.

Cheers

Answer: her parents’ divorce .

Explanation: Her parents’ divorce led to all of the other important events in the memoir, including her mother’s remarriage, her family going to Japan without her, and her stepfather’s abusiveness.

Perhaps because the changes during this stage are so pronounced and obvious, researchers have focused more on this portion of life than any other.

Although it has been suggested that the importance of development during these years has been overestimated, we do know that much of what occurs during these years lays the groundwork for one's future life (Bruer, 1999). However, modern educators, medical professionals, and parents have placed a lot of emphasis on this stage of life.

It is also a stage that can be challenging to examine because infants are unable to express their thoughts or feelings, so how can we study newborn speech? For instance, research has shown that young children comprehend speech far before their bodies are fully developed.

It is clear that their speech patterns develop before the physical development of their vocal chords is sufficient to permit speech.

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