marshall company purchases a machine for $840,000. the machine has an estimated residual value of $80,000. the company expects the machine to produce four million units. the machine is used to make 620,000 units during the current period. if the units-of-production method is used, the depreciation rate is:
Answers
The depreciation rate for the current period using the units-of-production method is $117,800.
The depreciation rate using the units-of-production method can be calculated as follows:
Depreciation per unit = (Cost - Residual value) / Estimated units of production
Depreciation per unit = ($840,000 - $80,000) / 4,000,000
Depreciation per unit = $760,000 / 4,000,000
Depreciation per unit = $0.19
Therefore, the depreciation rate for the current period can be calculated by multiplying the depreciation per unit by the number of units produced during the current period:
Depreciation rate = Depreciation per unit x Units produced during the current period
Depreciation rate = $0.19 x 620,000
Depreciation rate = $117,800
So, the depreciation rate for the current period using the units-of-production method is $117,800.
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Related Questions
a mindset characteristic often seen in expert entrepreneurs that accelerates learning-through-action is described as
Answers
A mindset characteristic often seen in expert entrepreneurs that accelerates learning-through-action is a "bias for action." This mindset reflects a proactive and hands-on approach to problem-solving and decision-making.
Expert entrepreneurs with a bias for action prioritize taking tangible steps and making progress over excessive planning and analysis. They understand that real-world experience and feedback are essential for learning and improving their entrepreneurial endeavors. By embracing a bias for action, expert entrepreneurs quickly test their ideas, products, and services in the market, gaining valuable insights and feedback that guide their iterative learning process. They understand that action enables them to gather valuable data, identify potential obstacles or opportunities, and make necessary adjustments along the way. Rather than getting paralyzed by overthinking or fear of failure, they embrace a "learn fast, fail fast" mentality, using each experience as a stepping stone towards their ultimate success.
This mindset characteristic fuels continuous improvement and innovation. It encourages entrepreneurs to take calculated risks, learn from both successes and failures, and iterate their strategies based on real-world feedback. By embracing a bias for action, expert entrepreneurs build a culture of learning, adaptability, and resilience, accelerating their growth and increasing their chances of entrepreneurial success.
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needs refer to a person's relationship with other people
Answers
Answer:
Sure what do you need :)
Explanation:
On January 1, a company issues bonds dated January 1 with a par value of $360,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $346,096. The journal entry to record the first interest payment using the effective interest method of amortization is:
Answers
Answer:
Debit Interest Expense $17,304.80; credit discount on bonds payable $1,104.8; credit cash $16,200
Interest Expense A/c......................Dr $17,304.80
Discount on bonds payable A/c....Cr $1104.8
To Cash A/c............................Cr $16,200
Explanation:
Given the following :
Bond value = $346,096
Market rate = 10% = 0.1
Contract rate = 9% = 0.09
Par value = $360,000
Note : Semiannual payment = rate / 2
Calculating the cash value and interest expense:
Cash value :
Par value × contract rate
$360,000 × (0.09/2)
$360,000 × 0.045
= $16,200
Interest expense :
Bond value × market rate
$346,096 × (0.1/2)
$346,096 × 0.05
= $17,304.8
Bonita Company has a contribution margin per unit of $29 and a contribution margin ratio of 40%. How much is the selling price of each unit?
a $72.50.
b $48.33.
c $11.60.
d Cannot be determined without more information.
Answers
The selling price of each unit for Bonita Company can be determined as the correct answer is $72.50.
The contribution margin per unit is $29, which means that for each unit sold, $29 contributes towards covering the fixed costs and generating profit. The contribution margin ratio is given as 40%, which indicates that the contribution margin is 40% of the selling price.
To calculate the selling price, we can use the formula:
Contribution Margin Ratio = Contribution Margin / Selling Price
Rearranging the formula, we have:
Selling Price = Contribution Margin / Contribution Margin Ratio
Substituting the given values, we get:
Selling Price = $29 / 0.40 = $72.50
Therefore, the selling price of each unit for Bonita Company is $72.50. Thus, option a) $72.50 is the correct answer.
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The president of the Northwoods University student body made a formal request to the IT department for additional computers in the main computer lab. The student body president is the ________ in the buying center.
A. initiator
B. gatekeeper
C. decider
D. buyer
E. gateway
Answers
Because of the formal request made, the President of the University is the:
A. initiatorWho is an Initiator?This refers to a person who makes the first offer for a thing or starts off negotiations or requests.
With this in mind and from the given question, we can see that because the president of the University made the formal request for additional computers, then he is the initiator.
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Portionpac co-founder, marvin klein, says ethics and integrity are "common sense." klein's moral values and attitudes, which still guide the company today, relate to which set of factors in the ethical decision-making process?
Answers
The correct answer to this open question is the following.
Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.
Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.
The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $
Answers
Answer:
-16.34
Explanation:
Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.Answer:
$16.34
Explanation:
HAVE A GOOD DAY!!!!
The rate of interest on money held in a savings account, _______ the amount of money saved.
a.
decreases
c.
has no effect
b.
increases
d.
none of the above
Please select the best answer from the choices provided
A
B
C
D
Answers
Hope it helps!
The payroll accountant for Candor, Incorporated was found to have issued payroll checks in the name of several terminated employees. Upon investigation, the checks were all deposited to the same bank account, which was owned by the payroll accountant. Which ethical principle did the payroll accountant violate
Answers
Based on the actions of the accountant, we can say that they violated the principle of D) Integrity.
Integrity in Accounting Means that an accountant should act in an honest manner. Means that accountants should not try to unjustly profit from their clients and employers.The payroll accountant was earning money from the company in a fraudulent way which means that they broke the ethical principle of integrity as they are unjustly profiting from their employer.
In conclusion, option D is correct.
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if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month
Answers
If a professional accountant is billing an audit client for more hours than those actually worked, he will be violating the following fundamental principle:
a. Objectivity
b. Professional due care
c. Integrity
d. Confidentiality
e. All of the above
Answers
The professional accountant would be violating the fundamental principle of Integrity by billing for more hours than those actually worked.
Integrity is a core principle in the field of accounting, emphasizing honesty, truthfulness, and accuracy. It requires accountants to act in a straightforward manner, maintain their professional reputation, and avoid any actions that could compromise their integrity. In this scenario, deliberately inflating the billed hours would be considered dishonest and deceptive, contradicting the principle of integrity. While all of the options listed (objectivity, professional due care, integrity, confidentiality) are important principles in accounting, the specific violation described aligns most closely with the principle of integrity due to the act of deliberately misrepresenting the hours worked for personal gain.
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im on od plz hurry
Background info-----You're a member of a small group that has been working on an important company project for the last year, and you have been assigned to give the final presentation. You really do not like giving presentations because of your stage fright, but you agree to make the visual aids and write a script for another group member who does not mind giving the actual talk.
Directions-----Write a five-minute presentation speech using the techniques and strategies you have learned, and make some visual aids to accompany the talk. You can make a PowerPoint or some charts or drawings, but whatever you do, make sure it follows the guidelines you have learned. Make sure that you can digitize your work so that you can send it to your other group members and to your teacher.
Answers
Answer:
this is my 5 minute presentation
Explanation:
i have learned how to communicate and how to better my self when working as a team when i am team leader it seams easier for me to controll my team because i do not boss them around harshly if they start to get verry wore out i also give them a talk to boost their motivation to get the job done quicker i feel like when i am out in the real world it will be a lot easier to lead a team the right way and get everything done with all the knolage i have recived i know if im messing around then the rest of my team is going to be messing around in order for my team to act right i have to act right so my team will follow all orders and commands when givin and they will not have any problem with these orders
All of us must make decisions based on opportunity costs every day. What are five decisions based on opportunity costs that you commonly make? Explain and discuss.
Answers
A student spends three hours and $20 at the movies the night before a test. The opportunity cost includes both the time spent learning and decisions the money that could have been spent elsewhere.
A farmer decides to plant wheat; the opportunity cost is planting a different crop or using the resources in another way . Because of scarcity, whenever we do one thing, we must necessarily forego doing something else decisions valuable. So everything we do has an opportunity cost, and that cost is stated in terms of the most valuable option that is forfeited. Many areas of life decisions involve opportunity cost.
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what is the cost of equity for a firm that has a beta of 1.2 if the risk-free rate of return is 2.9 percent and the expected market return is 11.4 percent? multiple choice 13.1 percent 10.8 percent 12.8 percent 14.4 percent 13.6 percent
Answers
To calculate the cost of equity for a firm, you can use the Capital Asset Pricing Model (CAPM). The formula for CAPM is:
Cost of Equity = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)
Given that the beta is 1.2, the risk-free rate is 2.9 percent, and the expected market return is 11.4 percent, we can calculate the cost of equity as follows:
Cost of Equity = 2.9% + 1.2 * (11.4% - 2.9%)
Cost of Equity = 2.9% + 1.2 * 8.5%
Cost of Equity = 2.9% + 10.2%
Cost of Equity = 13.1%
Therefore, the cost of equity for the firm is 13.1 percent.
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Journal entry for purchased goods from ABC Co. for Rs. 11,000.
Answers
Answer:
purchase A/c. Dr. Rs.11,000
To ABC CO.A/c. Rs.11,000
(being goods purchased in cash)
The most productive way to find a job lead is to
a. find advertisements on the Internet
b. network
c. find advertisements in the newspaper
d. read brochures from professional organizations
Please select the best answer from the choices provided
A
В
C
D
Answers
Answer:
B. Network
Explanation:
took quiz on edge
Answer:
B
Explanation:
Amy works as a teller at the local bank. What kind of education would Amy likely have needed for her job?
Answers
Answer:
high school diploma
Explanation:
Answer:
High School Diploma
Explanation:
I took the test said it was right. Also when you search what the requirements to become a bank teller it says "High School Diploma or equivalent."
Which of these statements most aptly defines “critical thinking”?
Answers
An ability to evaluate alternative solutions for a given problem defines critical thinking.
Critical thinking is described as the objective analysis of statistics and statistics given to shape a judgment. It includes information on the problem and assessment.
Based totally on the definition given, the most suitable answer would be the first statement. A capability to objectively asses, examine and apprehend after which to shape a judgment.
Critical thinking is the analysis of to be had information, proof, observations, and arguments to shape a judgment.
The situation is complicated; numerous different definitions exist, which normally consist of the rational, skeptical, and impartial analysis or evaluation of real evidence.
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WILL GIVE BRAINLIEST, TRUE OR FALSE QUESTION
A cover letter is a summary of your skills, education, and work experience.
True
False
Answers
Answer:
false
Explanation:
hope this helps
T/F. Ownership interest in a piece of property is called equity.
Answers
The statement given "Ownership interest in a piece of property is called equity." is true because ownership interest in a piece of property is indeed called equity.
Equity represents the value or financial interest that an individual or entity holds in a property after deducting any outstanding debts or liabilities. It is the difference between the property's market value and the amount owed on any mortgages or liens. Equity is often considered an individual's or organization's stake or ownership in the property, and
it can increase over time through factors such as mortgage payments, property appreciation, and improvements made to the property. It is an important concept in real estate and can be utilized for various purposes, including borrowing against the equity or selling the property to access the accumulated value.
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Martin Marquees makes neon signs to order. Customers can choose from four colors of neon, three-letter fonts, and two sizes of signs. Signs typically take one week to make and generate between $200 and $300 in costs, and Martin charges customers a 50% markup. Which cost system should Martin use
Answers
Martin Marquees should use a job order costing system to track and allocate costs for their neon sign manufacturing process.
A job order costing system is suitable for Martin Marquees because each neon sign is made to order and customized based on customer preferences. With different colors, fonts, and sizes available, each sign represents a unique job. Job order costing allows the company to track the costs associated with each specific job or order.
Since the signs typically take one week to make and have variable costs ranging from $200 to $300, a job order costing system will enable Martin Marquees to accurately allocate these costs to individual customer orders. By using this system, Martin can determine the specific costs incurred for each job, including direct materials, direct labor, and overhead costs, and then apply a 50% markup to determine the selling price.
By implementing a job order costing system, Martin Marquees can have a better understanding of the costs associated with each customer order and ensure that pricing is reflective of the customization and production requirements. It also allows for more accurate tracking of profitability for each job, assisting in decision-making and cost control.
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What is the annual profit when the income is $200,000.00 and the expenses are $150,000.00
Answers
Answer:
╭┄┈┄────────❥Let us take the example of a company with total revenue of $200,000 and explicit costs of $150,000. Calculate the economic profit of the company if the implicit costs are $30,000. Therefore, the company earned economic profit of $20,000.
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
Answers
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
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In your own words....
What is a non-profit organization? What is an example of one?
Answers
Answer:
An organization that sells products, but doesn't keep the money for themselves.
Explanation:
Quantitative Problem: Barton Industries expects next year's annual dividend, D₁, to be $1.70 and it expects dividends to grow at a constant rate g = 4.8 %. The firm's current common stock price, Po, is $25.00. If it needs to issue new common stock, the firm will encounter a 5.8 % flotation cost, F. What is the flotation cost adjustment that must be added to its cost of retained earnings? Do not round intermediate calculations. Round your answer to two decimal places. % What is the cost of new common equity considering the estimate made from the three estimation methodologies? Do not round intermediate calculations. Round your answer to two decimal places, %6
Answers
The flotation cost adjustment that must be added to its cost of retained earnings is 0.68% and the cost of new common equity considering the estimate made from the three estimation methodologies is 12.48%.
Calculation of flotation cost adjustment:
Flotation cost = 5.8 %
Dividend expected next year (D1) = $1.70
Stock price (Po) = $25
Growth rate (g) = 4.8 %
Formula to calculate cost of retained earnings:
Cost of retained earnings = (Dividend next period / current market value of stock) + growth rate
Cost of retained earnings = (D1 / Po) + g
Cost of retained earnings = ($1.70 / $25) + 0.048
Cost of retained earnings = 0.118 or 11.8 %
Adjustment for flotation cost:
Flotation cost adjustment = Cost of retained earnings x Flotation cost
Flotation cost adjustment = 11.8% x 5.8%
Flotation cost adjustment = 0.68%
Cost of new common equity:
Cost of retained earnings = 11.8 %
Flotation cost adjustment = 0.68 %
Cost of new common equity = 11.8% + 0.68%
Cost of new common equity = 12.48%
Therefore, the flotation cost adjustment that must be added to its cost of retained earnings is 0.68% and the cost of new common equity considering the estimate made from the three estimation methodologies is 12.48%.
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Suppose the Mexican economy starts at r2 and e2. Which of the following new equilibrium is consistent with capital flight?
Answers
Let's assume that the Mexican economy begins at r2 and e2. Capital flight is supported by the new equilibrium represented by r3 and e1.
What is equilibrium?Many instances of equilibrium include a book that is open and at rest. a vehicle that is going steadily. a chemical process where both the forward and backward rates of reaction are equal. When all of the forces acting on a body are perfectly balanced, the body is said to be in equilibrium and does not move. An object is considered to be in a condition of equilibrium when all the forces acting on it are in balance. A thing is in an equilibrium state when it is at rest.All forces acting on the body must balance out with an equal and opposing force for equilibrium to exist.To learn more about equilibrium, refer to:
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Consumers are limited in the total utility that they can gain from buying products because they have limited
A. Income
B. Satisfaction
C. Marginal utility
D. Costs
Answers
Answer: income i think
Explanation:
Jerome Garcia started a new business and completed these transactions during August:
1 Garcia invested P48,000 cash in the business.
1 Rented office space and paid P800 cash for the August rent.
3 Purchased exploration equipment for P22,000 by paying P12,000 cash and agreeing to pay the balance in 3 months.
5 Purchased office supplies by paying P1,500 cash.
15 Completed exploration work and immediately collected P420 cash for the work
8 Purchased P1,350 of office equipment on credit.
15 Completed exploration work on credit in the amount of P8,000.
18 Purchased P700 of office supplies on credit.
20 Paid cash for the office equipment purchased on August 8.
24 Billed a client P2,400 for work completed; the balance is due in 30 days.
28 Received P5,000 cash for the work completed on August 15.
30 Paid the assistant’s salary of P1,100 cash for this month.
30 Paid P340 cash for this month’s utility bill.
30 Garcia withdrew P1,050 cash from the business for personal use.
Required
1. Arrange the following asset, liabilility , and equility titles in a table: Cash: Accounts Receivable: Office Supplies: Exploration Equipment: Accounts Payable: Jerome Garcia: Capital: Jerome Garcia: Withdrawals: Revenues: and Expenses.
2. Use additions and subtractions to show the effects of each transaction on the accounts in the accounting equation. Show new balances after each transaction.
Answers
Answer:
im not sure but i think it was 800,00
Explanation:
A basic tool of accounting is the accounting equation. Here, the assets should always be equal to the liabilities and capital.
What is Accounting Equation?
This equation represents resources controlled by the business's current business liability and residual interest in ownership of assets.
It says assets should always be equal to liabilities and capital.
Assets = Liabilities + Capital
The calculation of the assets, liabilities and capital are shown in the image below:
Hence, refer to the image below to see the accounting equation with the given below information.
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a tax on buyers causes which of the following? (i) a leftward shift of the demand curve (ii) a decrease in quantity sold (iii) an increase in the price buyers pay (ii) and (iii) only (i) (i), (ii), and (iii) (i) and (iii)
Answers
A Tax on buyers causes all of the following listed in the option. So the correct option is a. (i), (ii), and (iii). A tax on buyers causes a leftward shift in the demand curve, a decrease in the quantity of goods sold, and an increase in the price buyers pay.
Taxation refers to a certain sum of money collected by the government from either the sellers or buyers on purchasing or producing goods and services. Taxation decreases the incentives of the entities. A tax on buyers signifies that a sum of money is collected from the consumers while purchasing certain goods through increased price.
In addition, a tax reduces the quantity traded, thereby reducing some of the gains from trade. A tax increases the price a buyer pays by less than the tax.
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