Straight-line: yearly depreciation expense of $4,500, accumulated depreciation of $4,500 for each year, book value of $13,500 for each year. Units-of-production: depreciation rate of $4.80 per hour, depreciation. Double-declining-balance: depreciation rate is 50%.
Depreciation is the process of allocating the cost of a long-term asset over its useful life. Straight-line, units-of-production, and double-declining-balance are three common methods used to calculate depreciation expense.
In this scenario, Southern Fried Chicken bought equipment for $18,000 that is expected to remain in service for four years and operate for 3,750 hours. At the end of its useful life, the equipment is expected to have a residual value of $3,000.
To prepare a schedule of depreciation expense, accumulated depreciation, and book value per year, we need to use each of the three depreciation methods. The straight-line method assumes that the asset depreciates evenly over its useful life.
The units-of-production method assumes that the asset's depreciation is based on the number of units it produces. The double-declining-balance method assumes that the asset depreciates at a faster rate in the early years of its life.
Using the straight-line method, the depreciation expense is calculated by dividing the cost of the asset ($18,000) by the useful life in years (4), resulting in a yearly depreciation expense of $4,500.
The accumulated depreciation is the sum of the yearly depreciation expense, resulting in $4,500 for each year. The book value per year is calculated by subtracting the accumulated depreciation from the cost of the asset, resulting in $13,500 for each year.
Using the units-of-production method, the depreciation expense is calculated by dividing the cost of the asset ($18,000) by the estimated number of units it will produce over its useful life (3,750 hours), resulting in a depreciation rate of $4.80 per hour.
The depreciation expense for each year is calculated by multiplying the depreciation rate by the number of hours the equipment operated that year. The accumulated depreciation and book value per year are calculated in the same way as with the straight-line method.
Using the double-declining-balance method, the depreciation rate is twice the straight-line rate, or 50%. The depreciation expense for each year is calculated by multiplying the book value at the beginning of the year by the depreciation rate.
The accumulated depreciation and book value per year are calculated in the same way as with the other two methods.
Overall, the different depreciation methods result in different amounts of depreciation expense, accumulated depreciation, and book value per year. It is important for businesses to consider which method is most appropriate for their assets and financial reporting purposes.
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which of the following is a long term staffing metric?a. the number of diverse hires coming from each recruiting sourceb. the average time to startc. the number of high quality new hires coming from each recruiting sourcesd. employee job success measured by recruiting sources and recruiter
The number of high-quality new hires coming from each recruiting source is a long-term staffing metric as it assesses the effectiveness of the recruitment process and the ability of different sources to attract and retain top talent.
Recruitment refers to the process of attracting, identifying, and selecting qualified individuals to fill job vacancies within an organization. It involves various activities such as job posting, sourcing candidates, screening and evaluating applicants, conducting interviews, and making job offers. Recruitment strategies can include internal promotions, external hiring, employee referrals, and utilizing various channels such as job boards, social media, and professional networks. Effective recruitment aims to attract a diverse pool of qualified candidates who possess the necessary skills, qualifications, and cultural fit to meet the organization's staffing needs.
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which policy allows for a more stable output response to a shock that arises from a change in the demand for goods and services?
Policy that allows overall demand through an easing of monetary policy that lowers interest rates.
What interest rates means?
An interest rate can be defined as the amount a lender charges a borrower and is a percentage of the principal the amount loaned.
Advantages of interest rate includes higher savings returns that can be earned in a savings account .Central banks raise or lower short-term interest rates to ensure stability and liquidity in the economy
They depend upon
supply and demand of creditan increase in the demand for moneyHence, Policy that allows overall demand through an easing of monetary policy that lowers interest rates.
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swifty corporation uses job order costing for its brand new line of sewing machines. the cost incurred for production during 2019 totaled $17000 of materials, $12000 of direct labor costs, and $8000 of manufacturing overhead applied. the company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. beginning work in process totaled $12000, and the ending balance is $9000. during the year, the company completed 25 machines. how much is the cost per machine? o $1480 o $1960 o $1360 o $1600
The cost per machine for Swifty Corporation's brand new line of sewing machines is $1,480.
To calculate the cost per machine for Swifty Corporation's brand new line of sewing machines, we need to use the job order costing method.
According to the information provided, the total cost incurred for production in 2019 was $17,000 for materials, $12,000 for direct labor costs, and $8,000 for manufacturing overhead applied. This adds up to a total cost of $37,000 for the year.
To calculate the cost per machine, we need to divide the total cost by the number of machines completed during the year. According to the information provided, Swifty Corporation completed 25 machines during the year. Therefore, the cost per machine is:
$37,000 ÷ 25 = $1,480
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A winning strategy must pass three tests:
1. The fit test.
• Does it exhibit good fit with the external and internal aspects of the firm's dynamic situation?
2. The competitive advantage test.
• Is it likely to result in a sustainable competitive advantage?
3. The performance test.
• Is it producing superior performance, as indicated by the firm’s profitability, financial and competitive strengths, and market standing?
Keeping what you read in mind, answer the following questions. Use AMAZON
1. How does Amazon utilize these strategies?
2. Discuss if Amazon is successful or not in how they implement their strategy.
3. If you could add one more strategy for this company, what would it be, and how would you implement and evaluate?
Amazon definitely uses best fit with market situations.
Amazon has a culture of testing ideas rigorously and then doubling down on the things that are effective. And as a company that’s not afraid to fail, and will put money on the line to develop a product or service, even if the product poses some risk of failing.
In an enterprise, an aggressive advantage is an attribute that lets an organization outperform its competition. A competitive advantage might also encompass getting entry to herbal sources, which include high-grade ores or a low-price electricity source, relatively skilled hard work, geographic area, excessive access barriers, and get entry to a new era and to proprietary information.
Competitive gain is the leverage an enterprise has over its competition. this may be won by way of providing clients with better and greater value. advertising services or products with decreased charges or better exceptional piques the interest of clients. that is the motive at the back of emblem loyalty, or why customers prefer one unique service or product over another. fee proposition is essential when know-how competitive gain.
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what is business and what is occupation
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
Please mark me brainliest! I need it! Please!
Why does the money in a savings account grow? HELP ASAP PLS!!
A. It earns interest, plus it earns interest on the interest.
B. A bank manager invests the money in the stock market.
C. The federal government matches your deposit.
D. You don't pay taxes on it.
Answer:
A the answere is A. I am almost certain
T/F - A taxpayer with over $2,500 of taxable interest or ordinary dividends must attach Schedule B to Form 1040.
True. A taxpayer with over $2,500 of taxable interest or ordinary dividends must attach Schedule B to Form 1040.
Schedule B is used to report the taxpayer's interest and dividend income, and it is required if the taxpayer's interest and dividend income exceeds $1,500. The purpose of Schedule B is to help the IRS ensure that taxpayers are reporting all of their income accurately and paying the correct amount of taxes. If a taxpayer fails to attach Schedule B when required, they may be subject to penalties and interest on any unpaid taxes.
It is important for taxpayers to carefully review the instructions for Form 1040 and Schedule B to ensure that they are meeting all of their reporting obligations and avoiding any potential penalties or interest charges.
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you want to buy a new sports car for $55,000. the contract is in the form of a 60-month ordinary annuity at an apr of 5.6 percent compounded monthly. what will be your monthly payment?
The correct response is C. $1,058.01. Your monthly payment will be $1,058.01.
Payment is the transfer of funds, property, or services in exchange for the provision of products and services in an amount that is mutually acceptable and has been previously agreed upon. Payment options include cash, checks, wire transfers, credit cards, debit cards, and even cryptocurrencies. Knowing how to pay. The data needed for customers to make an online purchase is payment information. Cash in advance, letter of credit, documentary collection or draft, open account, and consignment are the five main payment methods used in international trade, listed in order of least to most secure.
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You want to buy a new sports car for $55,000. The contract is in the form of a 60-month annuity due at a 6 percent APR, compounded monthly. What will your monthly payment be?
A. $1,047.90
B. $1,053.87
C. $1,058.01
D. $1,063.30
E. $1,072.11
As we have discussed, the most fundamental study of economics must address
the issue of needs vs. wants and the consideration of available resources in
making choices. go to the discussion board and tell about a recent purchase you
or your family made that required you to make a choice between a need and a
want.
this situation may deal with you personally or with your family as a whole. if you
have not made any personal purchases in the last few months, ask one of your
parents (or another adult) to share with you a purchase they made and the reasons
why they chose the product they purchased over another product. share with the
class the scenario by discussing the item purchased, the other items that were
considered, and the reasons the item purchased was chosen over the others.
comment on some of the entries of your classmates. refer to the discussion
rubric for guidance.
Let's consider a scenario where a person is in need of a new refrigerator. The person has limited financial resources and needs to make a choice between a basic model that only meets their needs and a more expensive model with additional features that they would like but are not necessary.
In this scenario, the person's need is for a functional refrigerator to store their food and keep it fresh. The want is for additional features such as a water dispenser, an ice maker, and a larger capacity. The person considers their options and realizes that the basic model that only meets their needs is within their budget, while the more expensive model with additional features is beyond their budget. The person ultimately decides to purchase the basic model that meets their needs and forgoes the additional features that they would have liked but are not necessary. This scenario demonstrates the concept of balancing needs and wants and the consideration of available resources in making choices. It highlights the importance of prioritizing needs over wants and making choices that are within one's budget and financial means.
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The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets $261000 Stockholders' equity-common 130500 Total stockholders' equity 185500 Sales revenue 95500 Net income 29500 Number of shares of common stock 6100 Common dividends 5100 Preferred dividends 7600 What is the return on common stockholders' equity ratio for Sunland
Answer:
the Return On COmmon Stockholders Equity is 16.78%
Explanation:
The computation of the return on the common stockholder equity ratio is shown below;
Return On Common Stockholders Equity is
= (Net Income - Preferred Dividend ) ÷ Average Common Stockholders Equity
= ($29,500 - $7,600 ) ÷ 130,500
= 16.78%
Hence, the Return On COmmon Stockholders Equity is 16.78%
If the probability of return in a recession economic condition is \( 50 \% \) and booming condition is \( 35 \% \), what would be the probability of a normal ?economic condition
Accoroding to the question of probability, the probability of a normal economic condition is 15%.
To find the probability of a normal economic condition, we can subtract the probabilities of recession and booming conditions from 100%.
Given:
Probability of recession = 50%
Probability of booming condition = 35%
Probability of a normal economic condition = 100% - (Probability of recession + Probability of booming condition)
Probability of a normal economic condition = 100% - (50% + 35%)
Probability of a normal economic condition = 100% - 85%
Probability of a normal economic condition = 15%
To find the probability of a normal economic condition, we can subtract the probabilities of recession and booming conditions from 100%.
Therefore, the probability of a normal economic condition is 15%.
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your bestfriend just said taht she isnt going to collage, because she cant afford it. what would you tell her
Answer:If my friend told me that she cannot not go to college because she can’t afford it, I would suggest a number of ways so that I can help her. I would firstly emphasize on the importance of education so my friend knows that she is missing out on something major and she needs to work really hard to study.
I would suggest her to opt for scholarship programs that are offered by several colleges, there is a need based scholarship programs too. Moreover I would suggest her to find a job so she starts to earn and can fund her education.
Explanation: hope this helps :D can u plz give me a brainliest
Answer:
there are scholarships to help her, she could also get a job if that would help
Explanation:
hope this helps
The elasticity of demand for a good is –0.75. A 4% increase in price will cause a:______.
A) 3% iecrease in quantity demanded.B) 5.33% decrease in quantity demanded.C) 5.33% increase in quantity demanded.D) 0.19% decrease in quantity demanded.
Answer:
A) 3% decrease in quantity demanded.
Explanation:
As we know that
The price elasticity of demand is
= Percentage Change in quantity demanded ÷ Percentage change in price
Since the elasticity of demand is -0.75
And, there is a price of 4%
Since, the price elasticity of demand is in negative that means the quantity demanded is decreased by 3% that comes from
= 4% × - 0.75
= -3%
Hence, the first option is correct
An example of a scheduling decision includes all of the following EXCEPT _______.A) who is working which shift for next week B) which machine should receive preventive maintenance next C) which countries a rock band should visit over the next two years D) what is the demand for our product to break even
An example of a scheduling decision includes all of the following EXCEPT what is the demand for our product to break even. The correct option is (D) what is the demand for our product to break even?
Scheduling is an important aspect of management as it facilitates the proper and effective management of the organization's resources.
An example of a scheduling decision includes all of the following EXCEPT what is the demand for our product to break even.
In scheduling, decision-making revolves around resources such as time, human resources, materials, and equipment.
Scheduling decisions are mainly aimed at optimizing the use of the organization's resources.
The decision-making process in scheduling involves analyzing data, setting priorities, identifying the critical path, and tracking the progress of the plan.
A scheduling decision involves the allocation of resources within a specified timeframe.
The decision-making process involves various factors such as costs, available resources, deadlines, and objectives.
An example of scheduling decisions includes who is working which shift for next week, which machine should receive preventive maintenance next, and which countries a rock band should visit over the next two years.
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employees are likely to see an adaptive change asmultiple choiceleast threatening.moderately threatening.unnecessary.highly threatening.
Employees are likely to see an adaptive change as least threatening.
What is an adaptive change?
Adaptive change is a change made by an organization in response to environmental changes. Adaptive change is often made in response to internal and external pressures. These shifts may be minor, such as minor organizational changes, or significant, such as a complete shift in the way an organization operates. When considering change management, employees' reactions are critical to a change's success. Employees are more likely to see an adaptive change as the least threatening since it is a type of change that allows them to adapt and grow with the organization rather than working against it. Therefore, employees are more inclined to embrace adaptive changes as a way of staying relevant and effective within the organization.
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CAM charges for retail leases in a shopping mall must be calculated. The retail mall consists of a total area of 2. 8 million square feet, of which 800,000 square feet has been leased to anchor tenants that have agreed to pay $2 per rentable square foot in CAM charges ($2 * 800,000). In-line tenants occupy 1. 3 million square feet, and the remainder is common area, which the landlord believes will require $8 per square foot to maintain and operate each year. To cover the total CAM charges, how much will the owner have to charge the in-line tenants pay per square foot of the area they occupy, after the CAM payment by anchor tenants?
The total CAM charges are $2 * 800,000 + $8 * 1.3 million = $9.6 million. The amount of CAM charges that the in-line tenants must pay is $9.6 million - $2 * 800,000 = $7.2 million. Therefore, the in-line tenants must pay $7.2 million / 1.3 million = $5.54 per square foot of the area they occupy.
1. Calculate the total CAM charges for the mall: Total CAM charges = 800,000 sq ft * $2 + 1.3 million sq ft * $8 = $12 million
2. Calculate the CAM charges to be paid by the in-line tenants: In-line tenants CAM charges = 1.3 million sq ft * $8 = $10.4 million
3. Calculate the total CAM charges to be paid by all tenants: Total CAM charges to be paid by all tenants = $12 million
4. Calculate the CAM charges to be paid per square foot by the in-line tenants: In-line tenants CAM charges per sq ft = $10.4 million / 1.3 million sq ft = $8 per sq ft
5. Calculate the final CAM charges to be paid by the in-line tenants, after the CAM payment by anchor tenants: In-line tenants CAM charges after anchor tenants' payment = $10.4 million - (800,000 sq ft * $2) = $9.6 million.
Final CAM charges to be paid by the in-line tenants per sq ft = $9.6 million
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Select the correct answer from each drop-down menu. Kevin is a store manager and has employees from diverse cultures reporting to him. He has often seen Marcos having arguments with his colleagues, Kwa Lee and Gaurav. What can Kevin do to ensure that there is team spirit and effective communication amongst all? Kevin can first be aware of his own attitude to diversity . He can also assess Marcos and him to change his behavior toward his other colleagues. He can also think of putting them together into similar departments to encourage .
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts.
Autocratic or authoritarian behavior as a leadership style.
An authoritarian leader consolidates his own personal control over both decision-making and authority. Without speaking to the workforce, he gives directions and assigns endeavors and liabilities. The pioneer assumes all authority and responsibility.
Negative leadership that relies on threats and punishment is autocratic.
Subordinates go about as he coordinates. He neither really focuses on their perspectives nor licenses them to impact the choice. He accepts that due to his position he alone can conclude what is best in a given circumstance.
Close oversight, unambiguous guidance, and directing requests from the majority are the foundations of autocratic leadership. It functions with quick decisions, brief activity, and heading unity. A lower level of appointment is required. Nevertheless, an excess of purpose of power could result in strikes and current debates. It makes sense to instill dissatisfaction and impede the growth of the employee limit.
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts. Individual control over all choices and little participation from the group are traits of his behavior. He frequently disregards advice and makes decisions based solely on his opinions and judgments.
These sorts of choice include the utilization of power gave on the singular taking the choice by the association's design. Hierarchical decisions are those decisions taken simply in light of a legitimate concern for the association. Directors are given the authority by the firm to settle on decisions in light of a legitimate concern for the association. Notwithstanding, this authority doesn't concede them the ability to pursue individual decisions. It should likewise be perceived that while hierarchical decisions can be assigned, individual decisions can't be appointed.
To explain further the concession among individual and hierarchical choice, let us think about the accompanying model. James Harrison was terminated by the supervisor since he didn't submit to the principles of the organization. This would be an authoritative choice. In any case, assuming James Harrison was terminated essentially on the grounds that the director loathed him for not a great explanation connected with the organization then that would be an individual choice. An authoritative choice is customized yet an individual choice is non-modified.
Functional:
Typically, judgments related to everyday activities are made functionally. These kinds of tailored choices are, by definition, meant to help the organization achieve short-term objectives. Chiefs at lower and middle levels typically make these decisions. Functional decisions must be made within the framework of the organization's established practices. As a result, those that must accept functional option are allowed to exercise their very own constrained utilization caution and drive.
Simple functional decisions, such regularly procuring writing materials and other natural resources, are designed to have an impact on a certain area or division of the company. As we can see, making such a decision will only affect the buying department.
Strategic Decisions:
It is implied that decisions involving important but one-time issues qualify as critical decisions. These decisions are made using a variety of administrative skills, wisdom, and experience. Not at all like functional choices, important decisions worry the firm's drawn-out points. When making a crucial decision, the person or group making it must carefully consider how the company association and its current situation are related. Important judgments are less secure in nature since the climate is constantly changing. Another reverence among important and practical choices is that crucial judgments are made by senior management.
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Answer: The Answer is diversity, Counsel, and Interactions.
Explanation:
This is correct, I just took the test. :)
(PLEASE ANSWER FAST) (20 POINTS)
Part of the reason you want to narrow down your focus is so that you don’t spend too much time gathering __________ that might not help you in the long run.
A. clothes
B. credits
C. friends
D. skills
Part of the reason why someone would want to narrow down their focus is so that they don't waste time accumulating clothes that won't aid them in the long run.
What is the period of long run?The period of long run is basically not defined anywhere, because the period of long run is fully depend upon the organistions and the types of it. It is normally the period above the operating cycle.
Part of the reason for narrowing one's focus is so that they don't waste time accumulating clothes that won't help them in the long run.
Credits are treated as help in the long run because a person get money at present to do work and earn from that work, whereas the friends and the skills help the people in the lifetime.
Therefore, option A is correct.
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what are the two ways a company can translate its low-cost advantage over rivals into attractive profit performance?
Consider a five-player version of the Stag Hunt game:
Players: 1, 2, 3, 4, and 5
Actions: each player can choose Stag or Hare
Preferences: a player's payoff is 2 if everyone chooses Stag; her payoff is 1 if she chooses Hare; and her payoff is 0 otherwise.
If players 1, 2, 3, and 4 choose Stag and player 5 chooses Hare, which players, if any, are choosing a best response? Explain
In a five-player version of the Stag Hunt game where each player can choose Stag or Hare and a player's payoff is 2 if everyone chooses Stag, 1 if she chooses Hare and 0 otherwise if players 1, 2, 3, and 4 choose Stag and player 5 chooses
Hare, then players 1, 2, 3, and 4 are choosing the best response. The best response is a strategy that maximizes the payoff of a player, given that the other players have adopted a certain strategy. Player 5 chose the strategy of Hare, assuming that at least one of the other players would choose Hare, too.
But since none of the other players did, player 5 didn't get the optimal outcome of 1 and instead got 0.Player 1, 2, 3, and 4 chose the strategy of Stag, which was the optimal choice since they all got the payoff of 2. Therefore, players 1, 2, 3, and 4 are choosing a best response.
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What is the rate an individual will pay to borrow for the purchase of a new home called? Multiple Choice a Prime rate b Discount rate c Mortgage rate d Treasury bond rate e Corporate bond vote
The rate an individual will pay to borrow for the purchase of a new home is called: C Mortgage rate
The mortgage rate is the interest rate that a lender charges on a mortgage loan. It determines the cost of borrowing for the purchase of a home. Mortgage rates can vary depending on factors such as the borrower's creditworthiness, the loan term, and prevailing market conditions.
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Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he will continue down the same career path, which professional organization would Eduardo most likely be a part of in the future?
SAG
AFP
AASA
DECA
Eduardo will most likely be involved with the DECA.
The Distributive Education Clubs of America (DECA) or more commonly referred to simply as DECA, is a student empowerment organization that aims to help emerging leaders such as Eduardo in the areas of:
Finance Business Marketing Hospitality and othersThey are available in both colleges and high schools and have helped hundreds of thousands of students.
In conclusion, if Eduardo keeps going down the finance path, he might end up with DECA.
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Answer: the answer is DECA!
explanation: im taking the test in edunuity right now.
HOPE IT HELPS
Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.
Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.
What is a payment from a grant?A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.
Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.
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Harry deposits $2400 in an account that pays 7% simple interest and $3500 in a second account that has a higher interest rate but is more risky. What interest rate must he get on the second account in order to earn at least $800 in interest for one year?
Answer:
18.0571%
Explanation:
Simple interest = principal x time x year
simple interest on the first investment = $2400 x 0,07 x 1 = $168
in order to earn at least $800 , he must earn $800 - $168 = $632 in the second investment
$632 = $3500 x r x 1
r = $632 / $3500 = 0,180571 = 18.0571%
a possible drawback to using an atm for your daily cash needs is?
A possible drawback to using an atm for your daily cash needs is Fees.
One of the main drawbacks of using an ATM for daily cash needs is the fees associated with using the machine. Most ATMs are owned by banks or third-party operators, and they charge a fee for every transaction made using their machine.
These fees can add up quickly, especially for individuals who use the ATM frequently, and can take a significant chunk out of their hard-earned money. In addition, many ATMs have a daily withdrawal limit, which can be inconvenient for individuals who need to withdraw larger amounts of cash.
Furthermore, ATMs are not always located in convenient or safe areas, which can be a security concern for some individuals. For these reasons, it's important to consider the fees and location of an ATM before using it for daily cash needs.
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Identify which of the following statements is true. Group of answer choices In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties. The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization. In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation. All of the above are false.
Answer:
d
Explanation:
On the Debt Financing tab, which option should be selected in the "How Input" field to model a refinance?
Debt financing takes place when a company raises money by selling debt instruments to investors.
What is debt financing?
Your information is incomplete. Therefore, an overview of debt financing will be given. Debt financing simply occurs when a firm sells fixed income products, like bonds, bills, or notes.
Debt financing is the opposite of equity financing. The main advantage of debt financing is that the business owner doesn't give up any control of the business.
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Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
If the state of Georgia had an exceptionally large crop of peanuts, what would happen to the demand for jelly
the demand for jelly would decrease
Where did factories start, and where did the factory system spread?
The development of factories can be traced back to the Industrial Revolution which started in Great Britain during the late 18th century.
The first factories were established in the textile industry where machines were invented to produce cloth faster and more efficiently. The first factory was the Cromford Mill in Derbyshire, England, which was built by Richard Arkwright in 1771. This marked the beginning of the factory system, where workers were employed to operate machines in a central location. From Great Britain, the factory system spread to other parts of Europe and North America during the 19th century. The first factory in the United States was the Slater Mill in Rhode Island, which opened in 1790 and was modeled after the Cromford Mill. The factory system then spread rapidly throughout the United States, with many new industries adopting the factory model. By the late 1800s, factories had become the dominant form of industrial production, and they continued to spread throughout the world. Today, factories can be found in almost every country in the world, producing a wide range of goods from clothing to electronics. The factory system has revolutionized the way goods are produced and has played a major role in the growth and development of modern industrial societies.
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