The depreciation expense for the second year is $0 as per the information provided.
The following is the solution to the depreciation expense of the second year of a company's computer system using the double-declining-balance method.
Step 1: Determine the depreciation rate per year.T
he double-declining-balance method has a depreciation rate of two times the straight-line method. The straight-line method is calculated as:$\frac{\text{Cost - Residual Value}}{\text{Useful life}}$Depreciation rate = 2 × straight-line method
Depreciation rate = 2 × $\frac{28000 - 7000}{6}$
Depreciation rate = 2 × $\frac{21000}{6}$Depreciation rate = 2 × $3500$Depreciation rate = $7000$Step 2: Determine the accumulated depreciation for the first year.
Accumulated depreciation = depreciation rate × $\text{number of years}$
Accumulated depreciation = $7000 × 1$
Accumulated depreciation = $7000$
Step 3: Determine the book value for the second year.
Book value = cost - accumulated depreciation
Book value = $28000 - 7000$
Book value = $21000$
Step 4: Determine the depreciation expense for the second year.
The depreciation expense for the second year can be calculated by subtracting the book value of the asset at the beginning of the year from the depreciation rate. Depreciation expense for the second year is:
Depreciation expense = ($7000 - $21000) × 2Depreciation expense = -$14000
The negative sign means that there is no depreciation expense in the second year.
Therefore, the depreciation expense for the second year is $0.
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Why is it necessary to include your family's income and tax information on
a fafsa application?
What is one advantage corporations have over other types of businesses?
O A. Corporations are the easiest businesses to set up.
B. Corporations have a nearly unlimited life span.
C. Corporations have fewer legal regulations to follow.
O D. Corporations are controlled by only one person.
SUBMIT
Answer:
B
Explanation:
ONE advantage corporations enjoy over other business forms is B. Corporations have a nearly unlimited life span.
Corporations do not cease to operate if one or some of the owners die. Each stockholder's shares are transferable by inheritance or sale. Corporations enjoy perpetual existence.
Other advantages of corporations over other business forms are:
Shareholders enjoy the protection of personal liability (limited liability of ownership)Shareholders have a business that is professionally managedThe business type has easy access to funds.
Unfortunately, corporations are not the easiest to form because of the rigid formalities accompanying their formation and management. Shareholders suffer double taxation because the corporation pays taxes as an entity, and shareholders pay another tax when they receive dividends. The legal regulations are many and time-consuming.
Thus, the unlimited life span of corporations makes them the best form of business since control and ownership of a corporation are not limited to one individual.
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How do you think the Finance & Accounts department affects the other areas?
• explaining the knowledge and skills needed to sell two selected products, as well as product knowledge (including technical knowledge).
For apple products
Answer: Selling Apple products requires a combination of technical knowledge, communication skills, and customer service expertise. The following are some of the key knowledge and skills needed to sell Apple products:
Product knowledge: Salespeople need to have a deep understanding of Apple's product line, including the features and benefits of each product. They should be able to explain how the products work, what sets them apart from other brands, and how they can meet the customer's needs.
Technical knowledge: Apple products are known for their advanced technology, so salespeople need to have a strong understanding of the technical aspects of the products. This includes knowledge of hardware and software components, operating systems, and technical specifications.
Communication skills: Salespeople need to be able to communicate effectively with customers, both in person and over the phone. They should be able to explain complex technical concepts in a way that is easy for customers to understand, and they should be able to answer questions and address concerns in a friendly and professional manner.
Customer service skills: Apple products are often expensive, so salespeople need to be skilled at providing exceptional customer service. They should be able to provide product recommendations, help customers make informed decisions, and provide support after the sale.
Sales skills: Finally, salespeople need to be skilled at closing deals and generating revenue. They should be able to identify customer needs, make product recommendations, and negotiate prices and terms.
In addition to these knowledge and skills, selling Apple products also requires keeping up with the latest trends and updates in the tech industry. Salespeople should be knowledgeable about emerging technologies and how they may impact Apple's products and the market overall.
Explanation:
The "Superfund" program (nickname of the federal hazards law CERCLA) deals with _____.
Transportation of hazardous materials
Protections for workers in industries using hazardous materials
Sites contaminated with hazardous waste
All of the above
The "Superfund" program, also known as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), deals with sites contaminated with hazardous waste.The correct answer is option 3.
The Superfund program, enacted in 1980, is a federal law aimed at addressing sites in the United States that have been contaminated with hazardous substances. These sites may pose risks to human health and the environment.
The program focuses on identifying and assessing contaminated sites, implementing cleanup actions, and holding responsible parties accountable for the costs associated with cleanup. The Superfund program is overseen by the Environmental Protection Agency (EPA) and plays a crucial role in protecting public health and restoring contaminated sites to a safe and usable condition.
Therefore,the correct choice is (3) ''Sites contaminated with hazardous waste''.
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COMPLETE QUESTION
The “Superfund” program (nickname of the federal hazards law CERCLA) deals with _____.
1. Transportation of hazardous materials
2. Protections for workers in industries using hazardous materials
3. Sites contaminated with hazardous waste
4. All of the above
Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Explanation:
The answer is D
Commerce
hope this helps
on september 30, world co. borrowed $1,000,000 on a 9% note payable. world paid the first of four quarterly payments of $264,200 when due on december 30. in its income statement for the year, what amount should world report as interest expense? a. $0 b. $14,200 c. $22,500 d. $30,000
$22,500 should world reported as interest expense. Thus, option C is correct.
What is interest?Interest can be defined as the amount that is being paid on the loan or the sum that is being borrowed. It can be in a fixed amount or in a recurring rate.
The requirement is to determine the amount of interest expense that should be accrued.
borrowed = $1,000,000
note payable = 9%
Time period = four quarterly
Interest expense is calculated as
= $1,000,000 x 9% x 3/12 months
= $22,500.
The world should declare $22,500 as interest expense. Therefore, option C is the correct option.
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Isaac has analyzed two mutually exclusive projects that have 3-year lives. Project a has an npv of $81,406, a payback period of 2. 48 years, and an aar of 9. 31 percent. Project b has an npv of $82,909, a payback period of 2. 57 years, and an aar of 9. 22 percent. The required return for project a is 11. 5 percent while it is 12 percent for project b. Both projects have a required aar of 9. 25 percent. Isaac must make a recommendation and justify it in 15 words or less. What should his recommendation be?.
Since the projects are mutually exclusive, only one project can be accepted Accept Project B and reject Project A because Project B has higher NPV
Since the payback period and IRR is being met by both, Project with a higher NPV must be selected for higher value addition.
Mutually special tasks are capital tasks that compete without delay with each different.
For instance, if a supervisor has to make a desire strictly between challenge either assignment X or Y, however not each of them simultaneously, then initiatives X and Y are stated to be at the same time specific.
The difference among together extraordinary and impartial events is: a jointly exclusive event can absolutely be described as a scenario when occasions can not arise at an identical time whereas an unbiased occasion takes place whilst one event remains unaffected via the incidence of the opposite event.
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Owners' equity is the same thing as
A. gross profit
O B. gross loss
C. net liabilities
O D. net assets
When something is grown and harvested in the same country it is distributed in, it can be considered what?
capital
international
duties
domestic
Answer:
domestic
Explanation:
In business, domestic refers to the home country of the producer or consumer. The domestic market is the market within the borders of the seller's country. Domestic contrasts with international, which refers to beyond the borders of a country.
Products that are produced and distributed within the country are domestic products. They are often referred to as local products. Domestic goods become exports if sold outside the borders of their country of origin.
The government places excise (per unit) taxes on a variety of goods consumers buy, including gasoline, cigarettes, and alcoholic beverages. How would you describe the demand elasticity of goods most likely to be subject to excise taxes
Answer:
inelastic
Explanation:
because the prices change have little to no effect since one can not easily forgo them.
A job title can affect the salary of an office support worker.
True
False
Violet, William, and Xavier are partners in a partnership that sells medical devices. Violet and William each contributed $100,000 to the partnership. Xavier contributed $300,000 to the partnership. The partners vote on whether or not to purchase a new $100 machine. Violet and William support the purchase. Xavier opposes the purchase. Unless the partnership agreement states otherwise, the partnership will a. not purchase the machine because partnership decisions in management matters always require a unanimous vote b. purchase the machine because the support of one partner is required for the partnership to commit itself to a given action c. not purchase the machine because Xavier's interest in the partnership exceeds the interest of Violet and William combined d. purchase the machine because each partner has one vote in management matters
Answer:
d. purchase the machine because each partner has one vote in management matters
Explanation:
Since in the question it is mentioned that the partners vote whether or not to buy a new machine for $100 so the violet and William would agree on this but Xavier does not agree
Now according to this situation the machine should be purchased as each partner vote is necessary also there is a majority of 2 person to buy the machine
hence, the option d is correct
Describe how to make an electronic payment.
Answer:
In the explanation. :)
Explanation:
Each bank as similar ways when it comes to making an electronic payment. Once you are in your bank information on your phone or computer, you can set up a payment in the payments/bills section. You add the information to the bill you wish to pay and then you send the amount you want to pay ont he date you schedule it for.
Hope this helps. Have a great weekend.
The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you are not happy, you can buy a new plow from him, but the cost is extremely high. Do you have other options available to you for higher-quality repairs or cheaper equipment? Explain your answer.
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
Mark as Brainliest please!
Ill give u a cookie
Answer:
No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.
Explanation:
the actual answer
The U.S. encourages domestic companies to export because _____________.
A.
It increases inflation.
B.
It increases the number of U.S. consumers who buy domestic products.
C.
It increases the value of a U.S. dollar.
D.
It improves the interest rate.
Please select the best answer from the choices provided
A
B
C
D
Answer: C; Ot increases the value of a U.S dollar.
Explanation: Just did the quiz
Answer:
c
Explanation:
jus did the quiz edg 2020
Why are you leaving your present job? Why did you leave your last job?
If we hire you, how long do you think you would be able to work here?
What are your favorite subjects in school?Why?
What subject do you find most difficult?
Did you participate in any school activities? Why or why not?
Do you plan to continue your education?
How many days of school or work did you miss during the last year?
Explanation:
Job” – 20 Good Reasons for Leaving
Interview Questions and Answers/ By Biron Clark/ 30 COMMENTS
how to answer why did you leave your last job
One of the most common interview questions you’ll face: “Why did you leave your last job?”
Maybe you left under odd circumstances and don’t want to share the whole truth. But you’re not sure what to say instead.
Or maybe you think you’ve got a pretty solid reason for why you left your last job, but you want to make sure. Either way, this list has you covered.
I’m going to share 20 safe, proven answers you can give when the interviewer asks “why did you leave your last job?”
20 Best Answers to “Why Did You Leave Your Last Job?”
Here are 20 safe, acceptable answers for why you left a past job. If you give one of these reasons, the interviewer is likely to be satisfied and quickly move on to the next question.
After the list, make sure you keep reading because there are 5 big mistakes to avoid when answering this question.
1. “I had been with the organization for a number of years and wanted to experience a new environment to continue growing.”
Most people who advance far in their careers have worked in a variety of companies. Large, small, public, private, etc.
No hiring manager will fault you for wanting to have well-rounded experience and gain a new perspective in your career.
2. “I was offered a promotion at another company.”
Your past employers can’t always offer the ideal next step for your career when you’re ready. Leaving to advance your career is a common reason and this won’t be the first time the interviewer has heard it. So if another company offered a promotion, just say so.
3. “I left for an opportunity to advance my career.”
Maybe you didn’t receive a promotion in terms of job title, but you saw a better path forward at another company. Or you joined a new company for an opportunity to build a new skill that was important to you.
It’s fine to change jobs if you feel it will help you advance in the future even if it’s not an immediate promotion. So you should be fine using this as your answer.
4. “I was offered a significant pay increase.”
We all go to work for money. Companies get it. I’d try to combine this with another reason though, so that you don’t sound too focused on money.
So you could say something like this: “I was offered a significant pay increase, and was also excited about a couple of product launches that this new company was working on, so it seemed like a great opportunity to take.”
5. “I left to work on a product I was very passionate about.”
Sometimes an amazing opportunity comes up that matches perfectly with your interests. Nobody will blame you for leaving to pursue something like this. It’s a perfectly good reason for why you left your last job.
In fact, it’s a good reason even if you “job hopped” and left very soon after being hired. While job hopping never looks great, this is one of the reasons that an interviewer will understand.
pls mark me brainliest1) I was looking for better opportunities with better commuting and I left my last job due to family issues.
2) I would be giving my fruitful time and will be in touch with you for a long time.
3) Science, as it provided a practical approach.
4) Math.
5) I participated in all school events, it was a fun time for me.
6) I have already done my post-graduation, and now I want to make a career.
7) I did not miss much, just a few sick leaves.
A job interview is a formal meeting between a prospective employer and a job candidate. It serves as a crucial step in the hiring process to assess the candidate's qualifications, skills, and suitability for the position. During the interview, the employer asks questions to evaluate the candidate's experience, knowledge, problem-solving abilities, and fit within the organization.
The candidate also has an opportunity to ask questions and learn more about the role and company. The interview helps both parties determine if there is a good match and whether to proceed with further hiring considerations.
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Frank is already taking advantage of his employer benefit package but wants to find
options to save for retirement that offer tax incentives. Which of the following should
Frank explore?
A. Contribution matching
B. Lower interest
C. Opt in or opt out
D. Roth IRA
20 POINTS SEND HELP PLEASE
One way to overcome generational distinctions is to ______.
a.
Acknowledge that men and women can do tasks equally well
b.
Tolerate ideas that come from different cultures
c.
Listen carefully for ideas everyone can agree on
d.
Favor the habits of one generation over another
Please select the best answer from the choices provided
A
B
C
D
Answer:
c.
Listen carefully for ideas everyone can agree on
Explanation:
Generational distinction or gap occurs when there are differences in opinions, values, and beliefs between various generations in the society.
When generational gaps occur one generation's opinions and beliefs are favoured above others.
To reduce the generational gap that occurs in society, ideas need to be accepted on their own basis and objectively as far as its benefits can be proven.
It should not matter which generation brings up the idea. Rather it is important to listen carefully for ideas everyone can agree on
Your answers gonna be C.
edg 2021
alta ski company's inventory records contained the following information regarding its latest ski model. the company uses a periodic inventory system.
The cost of goods sold for January using the FIFO method is $110,000, while the LIFO method yields a cost of goods sold of $78,000.
The ending inventory value is the same for both methods at $80,000.
To calculate the cost of goods sold (COGS) using FIFO, we follow these steps:
On January 5, 400 units were sold at $120 each. These units are considered to be from the beginning inventory.
To calculate the cost of these units, we multiply the quantity sold (400 units) by the cost per unit ($80) from the beginning inventory:
400 units * $80 = $32,000.
On January 22, 800 units were sold at $130 each. These units are considered to be from the purchases on January 15 (400 units) and January 21 (400 units).
The cost of the units from January 15 is calculated by multiplying the quantity sold (400 units) by the cost per unit ($95) from that purchase: 400 units * $95 = $38,000.
The cost of the units from January 21 is calculated by multiplying the remaining quantity sold (400 units) by the cost per unit ($100) from that purchase: 400 units * $100 = $40,000.
Therefore, the total cost of goods sold using FIFO is $32,000 + $38,000 + $40,000 = $110,000.
The ending inventory is the remaining units on hand at the end of the period (800 units). Since FIFO assumes the earliest units are sold first, the remaining units in ending inventory are considered to be from the most recent purchase on January 21.
The cost of these units is calculated by multiplying the quantity (800 units) by the cost per unit ($100) from the January 21 purchase: 800 units * $100 = $80,000.
Main Answer (FIFO method):
The cost of goods sold for January using FIFO is $110,000, and the ending inventory is valued at $80,000.
LIFO Method (Last-In, First-Out):
Unlike FIFO, the LIFO method assumes that the last units purchased are the first ones sold. This means that the cost of the most recent inventory purchases is assigned to the cost of goods sold before the cost of earlier purchases.
To calculate the cost of goods sold (COGS) using LIFO, we follow similar steps:
On January 5, 400 units were sold at $120 each. These units are considered to be from the purchases on January 21 (400 units) and January 15 (remaining 400 units from that purchase).
The cost of the units from January 21 is calculated by multiplying the quantity sold (400 units) by the cost per unit ($100) from that purchase: 400 units * $100 = $40,000.
The cost of the units from January 15 is calculated by multiplying the remaining quantity sold (400 units) by the cost per unit ($95) from that purchase: 400 units * $95 = $38,000.
Therefore, the total cost of goods sold using LIFO is $40,000 + $38,000 = $78,000.
On January 22, 800 units were sold at $130 each. These units are considered to be from the beginning inventory.
To calculate the cost of these units, we multiply the quantity sold (800 units) by the cost per unit ($80) from the beginning inventory: 800 units * $80 = $64,000.
Ending inventory:
The ending inventory is the remaining units on hand at the end of the period (800 units). Since LIFO assumes the latest units are sold first, the remaining units in ending inventory are considered to be from the purchases on January 21.
The cost of these units is calculated by multiplying the quantity (800 units) by the cost per unit ($100) from the January 21 purchase:
800 units * $100 = $80,000.
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Will you borrow and act on the business idea of others?
Stop Killing Your Ideas. "Ideas," John Steinbeck once said, "are like rabbits. ... Most ideas don't stand a chance.
a distribution was made from a coverdell education savings account for $12,000 when the educational expenses were only $10,000. the amount distributed beyond the educational expenses will be
When the distribution exceeds education expenses, a portion representing earnings will be taxable to the beneficiary and may be subject to an additional 10% penalty tax.
What is penalty tax?
Whether you file your tax return on time or request an extension, the IRS requires you to pay the tax due by the filing deadline. The IRS assesses a failure to pay penalty if you don't make your required payments by that time. The maximum amount of this tax penalty, which is 0.5% of the tax you owe per month, is 25% of the tax payable.
What is the method used to determine the Failure to Pay Penalty?
For each month or portion of a month for which tax is outstanding, there is a failure to pay penalty of 0.5% of the unpaid taxes. No more than 25% of the taxpayer's overdue taxes can be penalized.
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"making planning in itself is not sufficient."what is the requirement for the business to be successful.
Answer:
organization
Explanation:
if you are organized then you will have smoother and cleaner place to work in
Answer:
Do what you think, one day you will surely succeed.
Cody worked 59 hours last week. Of those hours, 40 hours were paid at the regular rate of $12.50. Ten hours were paid at time-and- a-half, and 9 hours at the double-time rate.
a) What was the gross pay for regular hours?
b) What was Cody’s overtime wages?
c) What was Cody’s total gross pay for the week?
Answer:
Explanation:
a. What was the gross pay for regular hours?
This will be the regular pay multiplied by the regular hours. This will be:
= $12.50 × 40
= $500
b) What was Cody’s overtime wages?
Cody's overtime wages will be the total amount earned during overtime. This will be:
= [10 × ($12.50 × 1.5)] + [ 9 × ($12.50 × 2)]
= (10 × $18.75) + (9 × $25)
= $187.50 + $225.
= $412.50
c) What was Cody’s total gross pay for the week?
The total gross pay for the week will be the addition of the amount that was earned during regular hours and overtime. This will be:
= $500 + $412.50
= $912.50
Please help with all 3 bullet points
You have been invited to speak to a group of Managers at Paychex about increasing the business’s commitment to improved employee health benefits by increasing the opportunity to work remotely.
How will you appeal to their pathos?
How will you appeal to their ethos?
How will you appeal to their logos?
To appeal to the managers' pathos, I would emphasize the positive impact of remote work on employees' well-being, work-life balance and overall happiness.
How can remote work benefit employees' well-being and happiness?As managers, we must recognize the profound influence of employee well-being on their productivity and loyalty. By increasing the opportunity of work remotely, we offer employees a better work-life balance and flexibility.
This lead to reduced stress levels, increased job satisfaction and improved mental health. Remote work allows employees to save commuting time, spend more quality time with their families and achieve a greater sense of control over their lives.
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What are 4 reasons why you should print, save, or make a copy of your job application???
Answer:
Be Prepared. Make sure you know the correct names, dates, places and other information you will need
You bought a 21 -year, 8.8% semi-annual coupon bond today and the current market rate of return is 3.18%. The bond is callable in 5 years with a $70 call premium. What price did you pay for your bond?
You paid the current market price for the bond, which is equal to the present value of the bond's cash flows discounted at the current market rate of return of 3.18%.
To calculate this, first determine the present value of the bond's coupon payments, discounted at 3.18%. This amount is equal to the semi-annual coupon rate of 8.8%, multiplied by the number of periods (21 x 2), multiplied by the present value of $1 factor (1/[1+3.18%/2]^42).
Then, add the present value of the bond's call option, which is equal to the call premium of $70 multiplied by the present value of $1 factor (1/[1+3.18%/2]^10). This amount added to the present value of the coupon payments will give you the current market price for the bond.
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Which best describes the business, management, and administration career cluster?
Answer:
are careers that are focused on running businesses.
Explanation:
The Business, Management, and Administration career cluster includes business skills essential to efficient, productive operations for any company (Administrative and information support, Business analysis, Business, financial management and accounting, Human resources, Management..) The Business, Management, and Administration career cluster is best described with the following: These are careers that are focused on running businesses.
Correct answer: A
Relevant information ________. ANSWER Unselected includes only numerical data instead of nonfinancial information Unselected includes past incurred costs which cannot be used in the future Unselected is expected future data and differs amongst the alternatives Unselected includes only nonfinancial information rather than financial data Unselected I DON'T KNOW YET
Answer:
is expected future data and differs amongst the alternatives.
Explanation:
Relevant information is expected future data and differs amongst the alternatives.
What is a mass number