wardell company purchased a minicomputer on january 1, 2022, at a cost of $48,000. the computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $3,000. on january 1, 2024, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $1,200. 2. prepare the year-end journal entry for depreciation on december 31, 2024. assume that the company uses the double-declining-balance method instead of the straight-line method.

In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services whereas a perfectly competitive market is made up of numerous firms.

Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.

Buyers are aware of the nature of the goods being offered and the prices each firm charges, and the industry is characterized by freedom of entry and departure. In a completely competitive market, all firms sell the same product and are price takers.

The market is dominated by a small number of large suppliers in an oligopoly. Other less significant suppliers with a minor fraction of the oligopoly market share are possible. Oligopoly may stock, produce, or differentiate identical or similar goods.

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The resources that one can use to plan to ensure the beneficiary has adequate financial support to cover their basic living needs.

A beneficiary is a person (or entity) named to receive the advantages of property that belongs to another person. These benefits are frequently given to beneficiaries as a part of an inheritance.

It's crucial to name beneficiaries for your financial assets so that you can rest easy knowing that the people you've determined should get your money are guaranteed to do so. You can control what happens to your money and make the situation clear for everyone who might be affected by naming beneficiaries.

Note that there is no question as to where you want your money or insurance proceeds to go if you have a current beneficiary listed on all of your accounts. It reduces time (and maybe money).

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If you invest a 100% in stocks however, you stand to make an average of 9.2% but a chance of a worst return of -40.40%.

Stocks are a sort of security that grants owners a stake in a business. Another name for stocks is "equities." United States Securities and Exchange Commission

Stocks can be divided into numerous categories based on a variety of factors, including fundamentals, industry, risk, dividend payout, and business size.

A stock reflects a claim on a company's assets and earnings as well as a share in the ownership of the business. As a result, investors own a portion of the business.

Fractional shares of stock, which are less than whole shares of ordinary stock, also signify ownership in a corporation.

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The most likely statement to be true about the printing press purchased by the manager of TruColor Printers Inc. is: "It will be depreciated over its useful life."

When a company acquires a significant asset like a printing press, it is typically treated as a long-term investment. The cost of the printing press is not expensed entirely in the year of purchase but is spread out over its useful life through a process called depreciation. Depreciation represents the systematic allocation of the asset's cost over time to reflect its gradual wear and tear, obsolescence, or loss of value.

By depreciating the printing press, TruColor Printers Inc. can accurately reflect the economic benefit derived from the asset over its useful life. This approach aligns with generally accepted accounting principles (GAAP) and allows for more accurate financial reporting. Depreciation expenses are recorded on the income statement and reduce the company's taxable income, thus providing tax benefits.

The useful life of the printing press can vary depending on factors such as technological advancements, maintenance, and industry standards. Typically, the useful life is determined based on estimates and industry practices. The depreciation expense is calculated using methods such as straight-line depreciation, declining balance method, or units of production method.

It's important to note that the other statements mentioned in the options are less likely to be true in this context. The printing press, being a sophisticated equipment purchase, is not expected to undergo processing before use, nor is it typically bought through retailers. Additionally, it is not charged as an expense in the year it is bought, but rather, its cost is allocated over its useful life through the process of depreciation.

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A perfectly competitive market is characterized by many sellers offering homogeneous products with small market shares.

It seems like you have listed six characteristics of a competitive market. These characteristics are often associated with a perfectly competitive market structure. Let's discuss each characteristic in more detail:

Many sellers: In a competitive market, there are numerous sellers operating in the industry. No single firm has control over the market, and each seller is relatively small compared to the overall market size.

Homogeneous product: The products offered by different sellers in a competitive market are identical or very similar. This means that consumers perceive no significant differences between the products of various sellers.

Small market shares: Since there are many sellers in a competitive market, each firm has a small market share. No single firm can dominate or manipulate the market due to its small size relative to the whole industry.

Firms are not concerned about competitors' marketing and production decisions: In a competitive market, firms are price takers, meaning they have no control over the market price.

Information is freely available: In a competitive market, information regarding prices, costs, product specifications, and market conditions is easily accessible to all market participants. This transparency allows firms to make informed decisions.

Freedom of entry and exit: In a competitive market, there are no significant barriers to entry or exit for new firms. New sellers can enter the market if they perceive potential profits, and existing firms can exit if they are unable to compete effectively.

These characteristics collectively create an environment where market forces of competitive market determine the equilibrium price and quantity in the market. Individual firms have limited market power, and competition ensures efficiency and encourages innovation.

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A monopoly type of market structure is made up of one large firm that controls the prices.

Which market has the most price control over a firm?

A monopoly market is one in which there is only one seller of the good and no competitors. As a result, the monopolist has complete control over the product's price.

When there are no close substitutes for the product or service that one company produces, the market is said to be monopolized. In an oligopoly, the market is controlled by two or more firms, and none of them can prevent the others from exerting significant influence.

Therefore, A market situation where one business controls all of the market shares and the prices and output is referred to as a monopoly.

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In its effort to maximize economic profit, a firm characterized as a price setter must determine the most optimal price level for its products and services.

This price must be determined based on the cost of production, the market demand for the product, and the demand for the product relative to similar products in the market. The price should be set high enough to cover all costs associated with production, but not so high that it limits the number of potential customers.

To maximize profit, the price should be set at a level that encourages both quantity and profit. Additionally, the firm should consider the impact of taxes, tariffs, and other external factors on their pricing strategy. If the firm is able to accurately estimate the demand for their product and the cost of production, they can set the price at a level that maximizes their profit and minimizes the risk of any price fluctuations.

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Answer:

2) An annual salary of $500,000 and a stock option bonus package for a total of 250,000 shares, with 50,000 shares vesting at the end of each of the next five years

Explanation:

As per the given options, the second option is most likely selected for achieving the task as it aligned the goal of the management with the goal of the firm. Also if there is a good salary than it is sufficient for taking care of the short term needs of an employee also the employee do his best for better the share price so that the company and the employee get the benefit in the long term

Therefore the second option is correct

Answer:

A

Explanation:

the answer to this question is a

Answer:

A

Explanation:

- the amount that the insurance company will pay for costs associated with risks

correct on Edge

Answer:

Same Who knows Can't Say that until this Pandemic Over

Explanation:

QuestionCove its Aight My User KazGotFetee

Make yourself as visible as possible on the road by using flashing lights and reflecting surfaces. The farther away a driver can see you, the better; drivers sometimes underestimate how slowly a tractor travels compared to them.

Whenever possible, hug the side of the road. gives impatient or delayed responders extra room to avoid a collision with you.

When a driver makes a mistake or isn't paying enough attention, this is what happens. Fortunately, no one was seriously hurt in this incident.

Without proper training, highly monitored operation, and ongoing supervision, we won't allow anyone to operate a tractor.

Inexperienced drivers are typically to blame for tractor safety problems. More and more individuals are relocating to rural areas from the suburbs. They purchase a few acres of rural property, and one of the first things they do is buy a tractor. Then they drive it like a Suburu for commuting, purchase the incorrect tools, use the incorrect gear, etc.

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Answer:

1) Conduct physical exams

2) Take a detailed heath care histories

3) Provide counselling and health care to patients

4) Listening to the patients and analysing the physical and emotional needs

Answer:

A

Explanation:

Answer:

It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST

Explanation:

Also, if i'm right there is no need to thank me unless you want too

The following would happen

When the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.

The cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.

If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.

An increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.

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Answer:

Yes

Explanation:

For example, it has been said that what prompted e-commerce on platforms such as Amazon, eBay, etc was a result of the opportunity their founders saw with the invention/adoption of the internet.

In other words, they saw a real opportunity (through the internet growth rate) and thus decided to develop a product concept. Hence, we could thus conclude with a yes to the question.

When a figure is drawn in Geometry without the use of a compass a straight edge to guarantee precision is called a Ruler. A ruler is a device used to measure distances and to draw straight lines along those distances.

The precision of drawing straight lines is essential in geometry as it aids in constructing geometric figures such as triangles, squares, and other shapes accurately. Straight lines are also used to identify angles and points to create different shapes. The use of a ruler in geometrical drawing allows for accurate measurement and precision making.

As such, the use of a straightedge is critical in geometric constructions to ensure that the created figures are mathematically sound and precise.

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Answer:

C!

Explanation:

Debts are often referred to as money owed by individuals and they have no way to pay for it. The

best strategy that is the most advisable for Maya is to look for a reputable credit counselor

If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.

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Through audit testing, Hopper has found that the investment manager's controls over recording purchases and sales of securities are not as effective as originally asserted. To address this issue, Hopper should implement more rigorous internal controls, including detailed documentation of purchases and sales of securities, regular reviews of compliance, and regular testing of the effectiveness of controls.

Additionally, Hopper should consider additional investments in technology and tools to support the monitoring of the effectiveness of the internal controls. By doing these mentioned things, hopper would be performing his job perfectly.

Based on the findings, Hopper should recommend improvements to the investment manager's controls over recording purchases and sales of securities. These recommendations could include changes to processes, procedures, or systems to improve the accuracy and effectiveness of the controls.

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To determine the amount allocated to the ending inventory on June 30 using the average-cost method.

Without this information, it's not possible to calculate the exact amount allocated to the ending inventory. The average-cost method involves dividing the total cost of goods available for sale by the total number of units available to calculate the average cost per unit. Then, this average cost per unit is multiplied by the number of units in the ending inventory to determine the value of the ending inventory.

If you provide the cost of goods sold and the total cost of goods available for sale, I would be able to assist you further in calculating the amount allocated to the ending inventory using the average-cost method.

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1. A direction of change in velocity that explains an increase in price level by a smaller percentage than the money supply is: A decrease in velocity.

2. An effect of this change in velocity (decrease) with respect to the frequency with which money is exchanged (changes hands) is that: A decline or decrease in velocity simply means that money changes hands less frequently.

What is money?

Money can be defined as a recognized economic unit that is generally accepted by the people as a medium of exchange for goods and services, as well as repayment of debts such as loans and taxes across the world.

Hence, money is a financial asset that is typically used for the purchase of goods and services.

What is the velocity of money?

The velocity of money refers to a measure of the rate at which money is being used by consumers for the purchase of goods and services.

Basically, the velocity of money can be used to achieve the following:

Mathematically, the velocity of money is calculated by using this formula:

\(V = \frac{PY}{M}\)

Where:

Generally, an increase in price level by a smaller percentage than the quantity of money supplied represents a decrease in the velocity of money. Also, an effect of a decrease in velocity with respect to the frequency with which money is exchanged (changes hands) simply means that money changes hands less frequently.

In conclusion, the frequency with which money is exchanged (changes hands) should be equal to the quantity of money in an economy multiplied by the average number of times each unit of currency (money) is being spent by the people living in a country.

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Answer: True

Explanation:

Answer:

True

Explanation:

Answer:

Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.

The best argument to persuade Joey to buy the 4-wheeler is to inform him that keeping the money in a savings account would cause that money to loose value overtime (due to interest rates). Therefore, to ensure the best use of the $1000, it is ideal to use that money rather than save it.

Answer: The answer is B. False. I got this question on my test and got it right.

A policyholder( or policy holder) is the person who owns the insurance policy.

In utmost cases, the policyholder is the only person who can change the policy. The policyholder is also the person that's responsible for making sure decoration payments are over- to- date. Along with the policyholder, your contract may also list fresh motorists. An fresh motorist is anyone other than the policyholder who's covered to drive.

When you're the proprietor of a vehicle, it's generally considered to be your responsibility to insure the vehicle is ensured. That’s why, in utmost cases, the policyholder is the vehicle’s proprietor. still, you can still be the policyholder indeed if you don't enjoy a vehicle in certain cases. For illustration, if you're the primary motorist of a vehicle but you don’t enjoy it, the insurance company may still bear you to be listed as the policy holder. However, it's important to understand the policyholder is considered responsible for the decoration payments, any cancellations and any policy changes, If you're in this situation.

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Management must periodically assess the reasonableness of the allowance for credit losses if it uses either the percent of sales or the percent of gross receivables method (Option C). This assessment should occur on a regular basis to ensure that the allowance remains appropriate and consistent with current market conditions.

Management must periodically assess the reasonableness of the allowance for credit losses if it uses the percent of sales or the percent of gross receivables method. This is so that the value is accurate and not over or understated. Option a is incorrect as it refers to the percent of gross receivables method only. Option b is incorrect as it refers to the direct write-off method. Option d is incorrect as it refers to the percent of sales method only.

In accounting, allowance for credit losses is a term used to describe the amount of money a company holds as an allowance for bad debt or credit losses from accounts receivable. Allowance for credit losses is a balance sheet entry that estimates the amount of debt or credit losses that will occur during the year. The allowance for credit losses is an important part of any company's accounting records, as it allows management to anticipate credit losses and take steps to mitigate them.

The percent of sales method and the percent of gross receivables method are both accounting techniques used to estimate the amount of credit losses a company will incur during the year. The percent of sales method estimates the percentage of sales that will be lost to credit losses, while the percent of gross receivables method estimates the percentage of gross receivables that will be lost to credit losses.

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According to GAAP, income is reported when it is earned or accrued.

This means that income is recognized when the company has completed the necessary work or has provided the necessary goods or services to earn the income, even if payment has not yet been received.

This is known as the accrual basis of accounting and is a fundamental principle of GAAP. It is important for companies to follow this principle in order to accurately reflect their financial performance and provide reliable information to investors and other stakeholders.

Accrual basis is an accounting method in which transactions are recorded when they are earned or incurred, regardless of when the money is actually received or paid. Under accrual accounting, revenue is recognized when it is earned, which is typically when the goods or services have been delivered, and expenses are recognized when they are incurred, which is usually when the goods or services have been received.

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To develop the revenue function, we can use the information provided about the sale and the selling price. The revenue can be calculated as the product of the sale and the selling price.

In this case, the revenue function would be:

Revenue = Sale * Selling Price

= 25,000 * 100 Birr/unit

= 2,500,000 Birr

To develop the cost function, we can use the information provided about the total variable cost (TVC) and the total fixed cost (TFC). The cost function would be:

Cost = TVC + TFC

= 1,500,000 Birr + 350,000 Birr

= 1,850,000 Birr

To find the profit, we can subtract the cost from the revenue. The profit function would be:

Profit = Revenue - Cost

= 2,500,000 Birr - 1,850,000 Birr

= 650,000 Birr

To find the breakeven point in terms of quantity, we need to find the point at which the cost and the revenue are equal. This can be done by setting the profit function equal to zero and solving for the quantity.

Profit = 0 = Revenue - Cost

= 2,500,000 Birr - 1,850,000 Birr

= 650,000 Birr

At this point, the cost and the revenue are equal, so the breakeven point in terms of quantity is 25,000 units.

To convert the cost equation in terms of quantity into a cost equation in terms of revenue, we can use the revenue function to express the quantity in terms of revenue. The cost function would then be:

Cost = TVC + TFC

= 1,500,000 Birr + 350,000 Birr

= 1,850,000 Birr

To find the breakeven revenue, we can set the profit function equal to zero and solve for the revenue.

Profit = 0 = Revenue - Cost

= Revenue - (TVC + TFC)

= Revenue - 1,850,000 Birr

At this point, the cost and the revenue are equal, so the breakeven revenue is 1,850,000 Birr.

If the profit had been 500,000 Birr, we can use the profit function to solve for the sale and the revenue.

Profit = 500,000 Birr = Revenue - Cost

= Revenue - (TVC + TFC)

= Revenue - 1,850,000 Birr

Solving for the revenue, we get:

Revenue = Profit + Cost

= 500,000 Birr + 1,850,000 Birr

= 2,350,000 Birr

Then, using the revenue function to solve for the sale, we get:

Revenue = Sale * Selling Price

= 2,350,000 Birr / 100 Birr/unit

= 23,500 units

If the revenue had been 2,000,000 Birr, we can use the revenue function to solve for the sale and then use the profit function to solve for the profit.

Sale = Revenue / Selling Price

= 2,000,000 Birr / 100 Birr/unit

= 20,000 units

Profit = Revenue - Cost

= 2,000,000 Birr - (TVC + TFC)

= 2,000,000 Birr - 1,850,000 Birr

= 150,000 Birr

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You should use "drive action" as your display campaign marketing objective when you want to motivate your audience to take specific actions, such as making a purchase, signing up for a newsletter, or requesting more information.

This objective is useful when your campaign is focused on driving conversions and generating revenue. To achieve this objective, you can use various ad formats, such as dynamic remarketing ads or interactive ads, to engage your audience and encourage them to take action. You can also use targeting options, such as remarketing lists, to show ads to people who have already shown an interest in your product or service.By using "drive action" as your marketing objective, you can measure the success of your campaign based on conversions and return on investment (ROI). It allows you to optimize your campaign for specific actions that align with your business goals and track your progress towards achieving them.

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Answer:

Explanation:

In a communist system the central authority dictates the means and quantity of production , and gives strict rules on businesses. Since there is no competition amongst firms , each is given the amount of money and each wo0rker is paid the same with same expectations of each.