Gain on Disposal of $67,000 ac dr. Asset ac cr. $67,000
The difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of is recorded in a disposal account, which is a gain or loss account that appears in the income statement. Typically, the account is titled "Gain/Loss on Asset Disposition."
The journal entry for such a transaction is to reverse the balances in the fixed asset account and the accumulated depreciation account and debit the disposal account for the net difference between the initial asset cost and any accumulated depreciation (if any). If there are any sales revenues, they are also put into this account.
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what are some ways the financial crisis in 2008 could've been avoided
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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Which of the following statements concerning the add-on interest method is true?
O Interest is added to the amount borrowed before the payments are calculated.
O It usually results in a higher APR than the discount interest method.
O The lender subtracts the interest due from the principal before the borrower receives the loan proceeds.
O It results in a lower APR than the simple interest method.
Answer:
O Interest is added to the amount borrowed before the payments are calculated.
Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $2,500
winnings in the bank. The reserve requirement is 10%
.
What is the maximum possible increase in the money supply as a result of your bank deposit?
maximum increase
Both of these occurrences stop the flow of money from banks to people and from people to banks.so limiting the expansion of the money supply.
His deposit at the bank increased by $2500 since he put his full winnings there. Now, based on the simple deposit multiplier formula, change in deposits is equal to 1/rr × change in reserves.
Change in deposits,
2500/0.05
50,000
Since there is no public money in circulation in this instance of a simple deposit multiplier, an increase in deposits of $2500 results in an increase in the money supply of $50,000.
The following scenarios would result in a less than potential growth in the money supply:
Banks chose to hold onto a portion of their excess reserves.
Some borrowers of loans opt to keep some cash on hand as opposed to depositing it fully in banks.
Both of these occurrences stop the flow of money from banks to people and from people to banks.so limiting the expansion of the money supply. In the first scenario, banks limit the amount of loans they can make to the public by not lending all of their excess reserves to them.
In the second scenario, people keep cash on hand rather than depositing the full amount, which again limits the number of loans that can be made and, in turn, limits the amount of available money in the economy.
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What is a periodic adjustment cap?
O A. A limit on how many times the rate can be adjusted
B. A limit on how much an ARM's interest rate can change at each
adjustment period
O C. A limit on a loan's initial interest rate
OD. A limit on how many years a loan can be for
Answer: B. A limit on how much an ARM’s interest rate can be changed at each adjustment period
Explanation:
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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3. Compare the tone of documents A and C. Do economists care as much about inflation as
consumers? Explain your answer.
Academic economists and members of the central bank view inflation in part as a self-fulfilling prophecy. If people think that prices will go up faster, they might act in ways like buying a refrigerator or asking for a raise, which will make inflation worse.
What are consumers' thoughts on inflation?Even though the economic data shows confusing bright spots, inflation has put consumers in a mood of anxiety and rage.
What is the significance of consumer confidence to the economy?The expansion of the economy is supported by an increase in consumer spending.If there is a drop in consumer confidence, consumers begin to spend less and become less certain about their financial prospects;businesses begin to experience a decline in sales as a result of this, which has an effect on them.
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In a communist economy all economic activities are controlled by?
Answer:
benefits of quality management
What is the typical relationship between a person's network size and the number of job leads they have?
a. The smaller the network, the more job leads available
b. The larger the network, the more job leads available
C. The larger the network, the fewer job leads available
d. None of the above
Please select the best answer from the choices provided
Ο Α
О В
C
OD
Answer:
b. The larger the network, the more job leads available
Explanation:
A person's network refers to their group of friends/contacts that share common interests or professions. They hold informal meetings to exchange ideas and information. Although networking occurs in informal places, the nature of relationships in a network is inclined towards business and work rather than personal.
A person's network comes in handy when soliciting for business or employment. The more friends one has, the more introductions and offers they get. A larger network means more offers from close contacts and their friends.
Answer:
the answer is b The larger the network, the more job leads available
Explanation: i just took it on edge
According to the video, what are some qualities Tellers need? Check all that apply.
a cheerful, outgoing personality
a dominant, confident presence independence
leadership skills
basic math skills
attention to detail
Answer:
a e f i did the assment
Explanation:
Answer:
the answer is:
a cheerful, outgoing personality
basic math skills
attention to detail
Explanation:
Scheduling personnel is an example of an operations management:
A. mission implementation
B. operational decision
C. organizational strategy
D. functional strategy
E. tactical decision
Answer:
B. operational decision
Explanation:
Scheduling personnel is an example of an operations management: operational decision
Scheduling personnel represents an example of an operations management of an operational decision.
The following information should be considered:
The staff-level decisions should be made from the lower level to the hierarchy level.Many decisions should be taken at many hierarchy levels.In this, the authority is present for taking the decisions.The lower level should take the decisions with respect to the employees.Therefore the other options are incorrect.
Hence we can conclude that scheduling personnel represents an example of an operations management of an operational decision.
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What is the function of the evaporator?
Answer:
The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.
Your firm runs a factory that currently produces only jump ropes. You forecast that you will generate $200,000 in after-tax operating cash flows from jump ropes next year. You are considering expanding to produce pogo sticks as well. If you produce pogo sticks then your projected after-tax operating cash flows from jump ropes will be $160,000 and you will have $50,000 in after-tax operating cash flows from pogo sticks.
What are the incremental cash flows that you should consider for this project?
Answer:
Incremental cash-flow $10,000
Explanation:
The incremental cash flow would be the difference between the cash flow before the expansion and after the expansion.
$
After tax cash flow from Jump before the decision 200,000
After tax cash flow from Jump after the decision 160,000
loss in cash flow ( 40,000)
add After tax cash flow from Pogo 50,000
Incremental cash-flow 10,000
The United States is _____.
The United States is a federal republic and a democratic country situated in North America, bordered by Canada to the north, Mexico to the south, and the Pacific and Atlantic Oceans on the west and east respectively.
With a total area of 3.8 million square miles, the country is the third largest country in the world by area. It also has a diverse population, consisting of people of different ethnic, racial, and religious backgrounds. The United States has a long history of promoting democracy, human rights, and freedom around the world. Its constitution guarantees basic freedoms like the freedom of speech, religion, and the press, and the right to bear arms.
The country has a capitalist economy that is the largest in the world, and is driven by its vast natural resources, technological innovations, and a well-educated workforce. The United States is a member of several international organizations like the United Nations, the World Trade Organization, and NATO. It also has an important role in maintaining global peace and security, as well as tackling global challenges like climate change and terrorism.
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What is an example of a 'Sunk cost" ? *
A the price of food when cooking a meal
B. the price of a video game when buying a birthday present
C. the price of last month's car repairs when getting your car fixed
D the price of college when getting a job
Answer:
C. the price of last month's car repairs when getting your car fixed.
Explanation:
The correct option is - C. the price of last month's car repairs when getting your car fixed.
Reason -
A sunk cost is a past cost that you can’t recover.
Select all that apply Which of the statements below summarize why a seller would give a sales allowance? (Check all that apply.) Multiple select question. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price. The buyer could not pay within the discount period. The buyer purchased a large amount of merchandise and was eligible for a reduced purchase price. The seller wants to keep a customer happy. The seller wants to avoid future lost sales. Sold merchandise was defective or unacceptable.
Answer:
I. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price.
II. The seller wants to avoid future lost sales.
III. The seller wants to keep a customer happy.
IV. Sold merchandise was defective or unacceptable.
Explanation:
Sales allowance can be defined as a reduction in the price of goods that a seller gives to a customer due to quality issues, incorrect pricing, shipping, etc.
The statements which best summarize why a seller would give a sales allowance are;
I. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price.
II. The seller wants to avoid future lost sales.
III. The seller wants to keep a customer happy.
IV. Sold merchandise was defective or unacceptable.
For each of the following pairs of goods, which good would you expect to have more elastic demand and explain clearly why? (8 marks)
a. Coca-Cola or water
b. Required textbooks or fiction novels
c. Ice-cream or chocolate ice-cream’
d. Train ride during the next 6 months or train rides during the next 5 years
Answer:
A. Coca- cola would have a more elastic demand due to the fact that water is an essential commodity and an individual have to consume water no matter what the price of it is.
B. Fictional novels are luxury goods and their demand could be avoided by someone as compared to the textbooks in case of any deficiency of money. Thus, novels would have more elastic demand.
C. The elasticity of ice cream would be more elastic as if a costumer is willing to eat chocolate flavor he or she would not bother about slight changes in price.
D. Elasticity for five years would be high as the consumer will have more options during such time period.
18. Vấn đề nào sau đây liên quan tới kinh tế học vi mô?
18. Vấn đề nào sau đây liên quan tới kinh tế học vi mô?
PLEASE HELP WITH CORRECT ANSWER
Why are staffing firms a useful resource you can use in a job search for a career in hospitality and tourism?
They can negotiate better salaries and terms of employment once you are hired.
They host in-person gatherings where you can meet others in the hospitality industry.
They provide crucial trainings for specific job skills in the hospitality and tourism industry.
They work with companies to help them find the best candidates for open positions.
Staffing firms a useful resource you can use in a job search as ---They work with companies to help them find the best candidates for open positions.
Option D is correct.
Staffing Firm:A staffing agency - also known as search, recruitment, staffing agency or service - is an organization that connects businesses with job seekers. Registering with a recruitment agency gives you the opportunity to connect with multiple hiring managers looking for the right person for your job.
Why are staffing important?Find suitable resources. Human Resources plays a very important role in finding the best resources needed to run the company's day-to-day operations. In other words, staffing is the process of finding qualified resources to perform various functions of an organization.
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Broward Manufacturing recently reported the following information: Net income $384,000 ROA 10% Interest expense $126,720 Accounts payable and accruals $1,000,000 Broward's tax rate is 25%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, and 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Do not round intermediate calculations. Round your answers to two decimal places.
Answer:
a. Basic earning power (BEP) = 16.63%
b. Return on equity (ROE) = 26.67%
c. Return on invested capital (ROIC) = 16.87%
Explanation:
From the question, we have the following:
Net income = $384,000
ROA = Return on Asset = 10%
Interest expense = $126,720
Accounts payable and accruals = $1,000,000
Tax rate = 25% = 0.25
Common equity finance percentage = 60%
Debt finance percentage = 40%
From the above, we have:
Total assets = Net income / ROA = $384,000 / 10% = $3,840,000
Net total assets = Total assets - Accounts payable and accruals = $3,840,000 - $1,000,000 = $2,840,000
Common equity = Net total assets * Common equity finance percentage = $2,400,000 * 60% = $1,440,000
Debt = Net total assets * Debt finance percentage = $2,400,000 * 40% = $960,000
Earning before tax = Net income / (1 - Tax rate) = $384,000 / (1 - 0.25) = $384,000 / 0.75 = $512,000
Earning before interest and tax = EBIT = Earning before tax + Interest expense = $512,000 + $126,720 = $638,720
We then proceed as follows:
a. Calculation of basic earning power (BEP)
This can be calculated using the following formula:
BEP = EBIT / Total assets = $638,720 / $3,840,000 = 0.166333333333333 = 0.1663, or 16.63%
b. Calculation of return on equity (ROE)
This can be calculated using the following formula:
ROE = Net income / Common equity = $384,000 / $1,440,000 = 0.266666666666667 = 0.2667, or 26.67%.
c. Calculation of return on invested capital (ROIC)
This can be calculated using the following formula:
ROIC = (EBIT * (1 - Tax rate)) / (Common equity + Debt) = ($638,720 * (1 - 0.25)) / ($1,440,000 + $960,000) = ($638,720 * 0.75)) / $2,840,000 = $479,040 / $2,840,000 = 0.168676056338028 = 0.1687, or 16.87%
Identify the South African barriers to entry market share
Barriers to entry in South Africa include:
High startup costsLimited access to financingWhat are some barriers to entry ?Some industries in South Africa entail expensive start-up costs like procurement of equipment, infrastructure development or acquiring licenses which can be limiting for new entrants.
Several startups may encounter challenges in obtaining financial aid due to limited capital availability or stringent borrowing rules as well as exorbitant interest charges. The regulatory framework within the country is multifaceted and applies robust controls across a multitude of sectors that may be restrictive for businesses trying to establish themselves.
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It is easier to start your own business in what economy
Answer:
New Zealand
I hope this helps :)
Mr. and Mrs. Pitt filed a joint tax return in 2017. The couple divorced in 2018. The IRS audited their 2017 return and determined that the Pitts had underpaid their tax by $38,200. Which of the following statements is true?
A. The IRS must assess whichever spouse actually prepared the 2015 return for the entire deficiency.
B. Because the couple is divorced, the IRS must assess Mr. Pitt with a $19,100 deficiency and Mrs. Pitt with a $19,100 deficiency.
C. Because the couple is divorced, the IRS must apportion the deficiency between Mr. and Mrs. Pitt based on their relative contribution to their 2015 taxable income.
D. The IRS can assess either Mr. pitt or Mrs. pitt for the entire deficiency.
Answer:
C. Because the couple is divorced, the IRS must apportion the deficiency between Mr. and Mrs. Pitt based on their relative contribution to their 2015 taxable income.
Explanation:
Because Mr and Mrs Pitt filed for a joint tax return in 2017 and got divorced in 2018 and IRS audited their tax return and found that they both underpaid their tax, the IRS must apportion the deficiency 50-50 between both of them based on their separate returns.
This magazine is not useful for/to me as I have ni taste in music debates. To or for?
Answer:
For
Explanation:
Use “to” when the reason or purpose is a verb. Use “for” when the reason or purpose is a noun.
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f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.
If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.
How to solve for the real rate of interestTo calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8.00% - 2.60%
Real interest rate = 5.40%
Therefore, the real rate of interest over the last year was 5.40%.
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(50 POINTS!) There is a country that naturally grows the most bananas, but it can't efficiently produce and distribute those bananas throughout the global market. However, a country that not only can grow bananas, but also has the infrastructure to process and distribute them, has the _______________. Why?
A. absolute advantage. This is because it has a lower opportunity cost to begin exporting bananas.
B. comparative advantage. This is because it has a lower opportunity cost to begin exporting bananas.
C. comparative advantage. This is because the nation imports less than the other.
D. ability to export. This is because the nation imports less than the other.
what should food workers do to prevents pets from finding food in garbage cans
Trade their fleshy heart for one made out of stone.
Which of these will cause aggregate demand to shift to the right?
a.
Reducing the spending of the government
b.
Increasing tax rates on salaries and income of consumers
c.
Lowering down interest rates
d.
Importing more products from other countries
Answer:
B
Consumers will be more likely to boost spending if the change in tax ... For instance, a reduction in income tax rates or increase ... One possibility is that households may not pay full.
Explanation:
Can i have brainliest
You are starting your own small business in Albuquerque. You borrow $10,000 from the bank at a 9% rate for 5 years. What is the total amount you will pay on this loan.
Answer:
4,500
Explanation:
Use the I=PRT method to help
P=10,000 T=5 years R=9%=9/100=0.09
this is going to be your equation
I=10,000 x .09 x 5
multiply you t x r
it should now look like this,
I=10,000 x .45
now the last thing to do is just multiply them both.
you should get,
I=4500
When others have helped you write a report, you usually thank them in an acknowledgments section somewhere in the report
Answer: Acknowledgments are a section in a report where you thank and credit the individuals or organizations who have helped you in your work.
Explanation: In academic or professional writing, it is common practice to include an acknowledgments section in a report where you can thank and credit individuals or organizations who have helped you in your work. This section is typically placed at the beginning or end of the report, and is a way to recognize the contributions of those who have assisted you.
Acknowledgments could include thank you notes to individuals who provided their expertise, resources or time towards a research project, or those who supported you in other ways, such as colleagues, friends or family. The acknowledgments section is also a place to acknowledge funding sources that supported your research or project, or organizations that provided in-kind support.
It is important to acknowledge the contributions of others in your work as a sign of appreciation for their help, but also as a way of establishing transparency in your research or project. It helps to legitimize your work and makes it clear that you did not take credit for someone else's ideas or contributions. Additionally, acknowledging others’ contributions might create opportunities for future collaborations and working relationships.
Overall, the acknowledgments section is a crucial part of a report, as it helps to recognize the efforts of all those who have contributed to the work, and establishes the writer as a trustworthy and collaborative professional.
What is the role of a consumer in the economy nation