on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.

Answers

Answer 1

The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.

Calculation:

Annual depreciation under SLM:

= (Asset cost-Salvage value) + Useful life of the asset

= ($40,000+$1,000 - $5,000)/6

= $36,000/6

= $6,000

Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.

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Related Questions

reducing the variability in our product or service is an important key to quality. True or False?

Answers

True. Reducing variability in a product or service is an essential element of quality management. Variability refers to differences in the output of a process, which can lead to inconsistent product or service quality.

By reducing variability, organizations can improve the predictability and consistency of their products or services, leading to increased customer satisfaction and loyalty.

There are several methods that organizations can use to reduce variability in their processes, including statistical process control (SPC), Six Sigma, and total quality management (TQM). These methods involve identifying and measuring sources of variability, analyzing the data to determine the root cause of the variability, and implementing changes to reduce or eliminate it.

In summary, reducing variability is crucial to quality management because it leads to more consistent, predictable, and reliable products or services, which in turn can result in greater customer satisfaction and loyalty.

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After you have all of the information, decide which financial institution is best for you. Write your answer in the text box below and provide details about why you selected the financial institution.

Answers

Answer:

for learning and knowledge

how important is food preservation in our livelihood

Answers

Answer:

in order to save food and to keep food for long periods of time

Which of the following is not an example of a corporation's "growth from within?"
A. Introducing new but related products
B. Acquiring another corporation
C. Expanding present operations
D. Expanding the sale of present products to new geographic markets

Answers

Answer:

The answer seems to be B. this answer does not count in the overall general business spectrum as "growth from within". Good luck!

Acquiring another corporation  is not an example of a corporation's "growth from within.

What is a  corporation?

A company is a separate legal entity from its shareholders. Many of the same legal rights and obligations apply to corporations as to people. They are able to sign contracts, make loans and take loans, sue and be sued, hire staff, possess assets, and pay taxes.

Corporations make up the majority of significant companies, like Toyota. Some businesses operate both under their own names and under different trade names, such as Alphabet Inc.

While a corporation's exact legal definition varies from country to jurisdiction, its most crucial feature is always limited liability.

This means that while shareholders may benefit from dividends and stock appreciation, they are not personally responsible for the debts of the business.

A corporation is formed when a group of shareholders incorporates the business with the intention of pursuing a shared objective and sharing ownership of the business, as evidenced by their ownership of stock shares.

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Which of the following would increase aggregate demand?

Answers

Answer:

Increase in income


Explanation:

On January 1, 2017, the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $39,000, $67,000, and $69,000, respectively. Over the next three years, the business reported net income and (loss) as follows: 2017 $ 79,000 2018 51,000 2019 (34,000 ) During this period, each partner withdrew cash of $15,000 per year. Krause invested an additional $6,000 in cash on February 9, 2018. At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan written as follows: Each partner is entitled to interest computed at the rate of 10 percent per year based on the individual capital balances at the beginning of that year. Because of prior work experience, Angela is entitled to

Answers

The answer is definitely $67,000

If at the end of a period, a company has $400 in cash, $100 in accounts
receivable, and $100 in accounts payable, the post-closing trial balance will
show _____worth of debits.
A. $200
O B. $400
O C. $600
O D. $500

Answers

Option D

The post closing balance will show $500 worth of debits.

This is because if a company has $400 in cash, that is considered an asset for the company. Cash is an asset for the business.

Accounts receivable is an asset as well because it is the amount that debtors owes the business. It’s the amount that debtors should give to us the business.

Whats better: Mustang or Dodge

Answers

Answer:

Mustang

Explanation:

Answer:

I think Mustang

Explanation:

It's just my choice because I think it's the best and maybe I don't know if dodge is the foreign one lol?

Which statement best describes a recession?

A. More people are unemployed, causing more competition for jobs.
B. The prices of goods make them too expensive for people to buy them easily.
C. People cannot afford to buy goods because competition leads to higher prices.
D. A large number of people are unemployed and have decreased spending power.

Answers

Answer:

D. A large number of people are unemployed and have decreased spending power.

Answer:

I agree!

D. A large number of people are unemployed and have decreased spending power.

Explanation:

Which is NOT an indicator of a country's economic health?
A. GDP
B. standard of living
C. environmental awareness
D. inflation

Answers

Answer:

d

Explanation:

What is one of the best ways to avoid credit problems? A. Use your credit as often as possible. B. Apply for as many credit cards as you can. C. Pay your credit bills on-time each month. D. All of the above

Answers

Answer:

d. all of the above

Explanation:

they all make sense

Who carries the animal from the farm to the market or packer?
A. Producer
B. Proccessor
C. Transporter
D. Consumer

Answers

Answer:

was it a passage u had to read?

Explanation:

Answer:

Transporter

Explanation:

You are transferring the animal to the market from the farm.

Describe each of the three categories that money is generally placed in. Include an example of each. (4 points)


Subject is (Economic)

Answers

Answer:

other have in business is 1 pesos 2 pesos if u want to have a price like 1 pesos in 1 piece

Emily's grandmother bought her a treasury bond in 2020. When will it reach its maturity date?
Α.
2030
B.
2040
C.
2045
D
2050

Answers

Answer:

The correct answer is: D. 2050

Explanation:

Answer: 2050

Explanation:  Treasury bonds are sold in $1,000 increments and have a 30-year maturity date.

Thus, 2020 + 30 years = 2050

Pedro is a very talented young man who lives in a small, remote town in the mountains. He gets good grades, plays in the band, and is active in the drama club. He is close to his large family and wants a career that will allow him to maintain his current life style. What career option should Pedro consider? A. Teacher B. Musician C. Actor D. TV personality

Answers

Answer:

A. Teacher

Explanation:

If Pedro chooses to become an actor, a musician, or a TV personality, and was successful, he wouldn't be able to maintain his current life style. In order to try to be successful, he would have to move to a large city by his own. Musicians, actors and TV personalities earn money depending on their popularity, and remote towns in the mountains are not very densely populated.

In the past few years, the internet has helped some people to become influencers or has helped musicians to become famous and earn money, but most of them eventually had to do things in the real world, not only the internet in order to remain popular.

brian incorporated borrowed $800,000 from first bank and signed a promissory note. what journal entry should brian incorporated record?

Answers

Brian incorporated borrowed $800,000 from the first bank and signed a promissory note. The journal entry that Brian should incorporate records are:

Debit Cash, $8,000

Credit Notes Payable, $8,000.

Option C is correct.

Liabilities are debts that a business has racked up that will demand future resource sacrifice to satisfy. Along with the amount received, the liability is documented in the accounting records at the time it is incurred.

A promissory note is a formal financial promise made by one party to another that they will repay a debt on a specific date. It is a formal contract that the drawer signs, promising to pay the money when requested or by a certain date.

Keep in mind that liability accounts have typical credit balances, meaning that the credit side of the account increases:

DR Cash                                            $8,000

CR Promissory note - First Bank                $8,000

(To sign a promissory note in order to document the amount borrowed.)

Therefore, option C is correct.

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COMPLETE QUESTION:

Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should Brian Inc. record?

a. Debit Cash, $8,000; Credit Notes Receivable, $8,000.

b. Debit Notes Receivable, $8,000; Credit Cash, $8,000.

c. Debit Cash, $8,000; Credit Notes Payable, $8,000.

d. Debit Notes Payable, $8,000; Credit Cash, $8,000.

please help meeeeeeeeeee​

please help meeeeeeeeeee

Answers

One benefit of building a good brand image: Customer recognition. Having a strong brand works to build customer recognition. This means when a customer is shopping for a particular product or considering a company to perform a service, they recognize your company in the running. Consumers are far more likely to choose a brand that they recognize over something unfamiliar, even if they don’t know a great deal about your company at the time.

the monetary control act of 1980 extended the fed's authority to a. impose required reserve ratios on all depository institutions. b. control the discount rate. c. control the federal funds rate. d. all of the answers are correct.

Answers

The monetary control act of 1980 extended the fed's authority to Impose required-reserve ratios on all depository institutions. Option A.

The Financial Regulation Act of 1980 fundamentally changed the Federal Reserve's role in the interbank clearing market. Among other things, the law obliged the Fed to give all custodians equal access to its payment services and to price those services competitively. granted access to the Federal Loan Reserve.

Check Clearing Services and other services provided by the Federal Reserve. Supervised and regulation of financial institutions and activities. The Federal Reserve promotes the safety and soundness of individual financial institutions and oversees their impact on the financial system as a whole. The Federal Reserve Reform Act made the Federal Reserve more transparent to congressional oversight. A law that expands the power to flexibly regulate interest rates on deposits.

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abigail buys cookies at a local gas station for $2.00 per pack. at the grocery store, she can get 10 packs for $20. online, they will ship 15 packs to her house for $30. what is the best financial advice you can give abigail about purchasing these cookies?

Answers

Abigail can buy the cookies at any of the merchants; the cost is the same. She can buy them at any of these merchants; the cost is the same.

What does the term "financial guidance" mean?

Financial advise refers to the practice of giving others advice on the selection, purchase, or sale of financial instruments in order to achieve investment, risk management, or risk mitigation goals.

What makes financial advice so crucial?

Since you might not always have the time, a financial advisor assists you in reviewing and monitoring the performance of your investments. To make sure that your investments are in line with your financial objective, you must regularly monitor your investment portfolio.

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write the necessary steps that need to be followed in maketing​

Answers

There are nine major steps required to develop a well-crafted, strategic marketing plan: set your marketing goals, conduct a marketing audit, conduct market research, analyze the research, identify your target audience, determine a budget, develop specific marketing strategies, develop an implementation schedule for ...


The Fair Credit Reporting Act passed in 1970 required that credit bureaus do
which of the following?
O A. Raise the credit score of all Americans upon request.
B. Provide all Americans free copies of their credit reports yearly.
OC. Call consumers to alert them when their credit score lowers.
D. Provide all employers with the credit scores of their employees.

Answers

The Fair Credit Reporting Act passed in 1970 required that credit bureaus do

C. Call consumers to alert them when their credit score lowers.

What is Fair Credit Reporting Act (FCRA)?

The Fair Credit Reporting Act (FCRA), which was passed in 1970 in the United States, includes provisions aimed at regulating the collection, accuracy, and use of credit information by credit bureaus.

One of the key requirements of the FCRA is that credit bureaus are required to provide all Americans with free copies of their credit reports on a yearly basis.

The FCRA also outlines other consumer protections related to credit reporting, such as the right to dispute inaccurate information, the requirement for credit bureaus to investigate and correct errors, and the need for consumer consent for the release of credit information to employers or other parties.

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if the activity level increases 10%, total variable costs will

Answers

If activity level increases by 10%, total variable costs will increase by 10%. It remains the same per unit at every level of activity. remain the same in total regardless of changes in the activity level. ... The CVP income statement classifies costs as variable or fixed and computes a contribution margin. I hope this helps!!

PLEASE HELP QUICKLY: (FIRST PERSON GETS BRAINLIEST)

Adalaide is considering switching cell phone plans. Though the new plan is slightly more each month, she’ll be able to get a new phone sooner. When making this financial decision, what should Adalaide keep in mind?


A. Only major financial commitments will affect your overall financial status.


B. Any small financial commitments will make no effect on your financial standing.


C. Both small and large financial decisions can influence your financial health.

Answers

Explanation:

Though the new plan is slightly more each month, she'll be able to get a new phone sooner. When making this financial decision, what should Adalaide keep in mind? Only major financial commitments will affect your overall financial status. Any small financial commitments will make no effect on your financial standing.

When making this financial decision Only major financial commitments will affect your overall financial status should Adalaide keep in mind. Thus, option A is correct.

What is a financial status?

Financial status can be defined as the statement with States the income as well as expenses of a particular person's first stop clearly defined that the fund is being used for all updates. This gives the financial position of the individual or a company.

In this, as an Adalaide switched cell phone plant there is only a slide difference in the monthly plan but this will not affect in a very big or significant way the financial status of the financial structure for her overall new phone decision. As she can adjust us light expenses in other things or grocery.

Therefore, option A is the correct option.

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Click this link to view O*NET’s Work Styles section for Financial Analysts. Note that common work styles are listed toward the top and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Financial Analysts? Check all that apply.

attention to detail
hazard tolerance
dependability
dominance
safety
stress tolerance

Answers

Answer:

attention to detaildependabilitystress tolerance

Explanation:

edg2020

Answer:A,C,D,F

explain trust

How many products does your company have in the first three years of the MikesBikes simulation?

Answers

The number of products a company has in the first three years of the MikesBikes simulation will depend on various factors, including the company's strategy, market demand, and competition.

In the MikesBikes simulation, companies have the option to develop and produce multiple products, each with its own unique features and price points.

Companies can choose to focus on producing a limited number of high-quality, premium products or a larger number of lower-priced, mass-market products.

Factors such as market demand, competition, and production capacity can also impact the number of products a company chooses to produce. Some companies may choose to introduce new products or discontinue existing ones based on changes in market trends or consumer preferences.

Overall, the number of products a company has in the first three years of the MikesBikes simulation will depend on various factors, including the company's strategy, market demand, and competition.

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2. The test market results for a new brand of maple syrup are given below. Answer parts a and b based on this table. a. Calculate the total market penetration rates for the coupon and control groups, respectively. b. Based on your results in (a), what should you conclude about the likely effectiveness of using coupons? ( 10 points)

Answers

Using coupons resulted in a higher total market penetration rate (6%) compared to the control group (4%), indicating their effectiveness in attracting new customers and encouraging repeat purchases for the new brand of maple syrup.

To calculate the total market penetration rates for the coupon and control groups, we need to consider both the trial rate and the repeat rate.

a. Total Market Penetration Rate:

For the coupon group:

Total Market Penetration Rate = Trial Rate × Repeat Rate

= 20% × 30%

= 6%

For the control group:

Total Market Penetration Rate = Trial Rate × Repeat Rate

= 10% × 40%

= 4%

Therefore, the total market penetration rates for the coupon and control groups are 6% and 4%, respectively.

b. Based on the results in (a), we can conclude the following about the likely effectiveness of using coupons:

The coupon group has a higher total market penetration rate (6%) compared to the control group (4%). This indicates that the coupon group had a higher proportion of customers who tried the new brand of maple syrup and then continued to make repeat purchases.

Since coupons incentivize customers to try the product at a discounted price, the higher total market penetration rate suggests that using coupons was effective in attracting new customers and encouraging repeat purchases. The coupon group's higher trial rate (20% vs. 10%) indicates that the coupons successfully attracted more initial customers, and the higher repeat rate (30% vs. 40%) suggests that a slightly lower proportion of the coupon group continued to make repeat purchases compared to the control group.

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Once all of his loans are paid off, what will hal’s total lifetime cost be? round all dollar values to the nearest cent. a. $9,023.28 b. $8,467.20 c. $11,498.40 d. $13,615.20

Answers

Hal’s total lifetime cost be $11498.40. The correct option is C. $11498.

To determine Hal's total lifetime cost, we need to add up the amount he has paid towards his loans over his lifetime. We do not have specific information on the amount Hal has paid towards his loans, but we do know that he has paid $3,134.40 towards his loans as of now. We also know that he has $6,888.80 left to pay off.

Assuming he continues to make payments at the same rate until the loans are fully paid off, we can estimate that he will pay a total of $10,023.20 towards his loans over his lifetime ($3,134.40 + $6,888.80).

However, we also need to consider the interest he will accrue on his loans. Without knowing the interest rate, we cannot determine an exact amount. Therefore, we can only estimate based on an assumption of an interest rate.

If we assume an interest rate of 5%, his total lifetime cost would be around $11,498.40 (rounded to the nearest cent), which is option C. If we assume a higher interest rate, his total lifetime cost would be even higher.

Overall, it is important to remember that this is an estimate and the actual total lifetime cost may vary depending on Hal's specific situation.

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Indicate the impact (increase/decrease/no change) for each of the following transactions on total assets, liabilities, and owners' equity.
(a) Paid the current month's rent.
(b) Provided services to customers for cash.
(c) Provided services to customers on account.

Answers

(a) Paid the current month's rent:

- Impact on total assets: Decrease. Cash, which is a component of total assets, is reduced when the rent payment is made.

- Impact on liabilities: No change. There is no change in liabilities since the payment of rent does not involve any borrowing or repayment of debts.

- Impact on owners' equity: No change. The payment of rent does not directly affect owners' equity.

(b) Provided services to customers for cash:

- Impact on total assets: No change. The provision of services for cash increases the cash component of total assets, offsetting the increase in accounts receivable.

- Impact on liabilities: No change. There is no change in liabilities as cash is received directly from customers.

- Impact on owners' equity: No change. The provision of services for cash does not directly affect owners' equity.

(c) Provided services to customers on account:

- Impact on total assets: Increase. Accounts receivable, which is an asset, increases as services are provided to customers on credit.

- Impact on liabilities: No change. There is no immediate change in liabilities as the customers' payment is pending.

- Impact on owners' equity: No change. The provision of services on account does not directly affect owners' equity.

Overall, the impact on total assets, liabilities, and owners' equity for each transaction is as follows:

(a) Paid the current month's rent: Total assets decrease, liabilities remain unchanged, and owners' equity remains unchanged.

(b) Provided services to customers for cash: Total assets remain unchanged, liabilities remain unchanged, and owners' equity remains unchanged.

(c) Provided services to customers on account: Total assets increase, liabilities remain unchanged, and owners' equity remains unchanged.

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what process involves managing communications and relationships to achieve various objectives, such as building and maintaining a positive image of the retailer, handling or heading off unfavorable stories or events, and maintaining positive relationships with the media?

Answers

The process that involves managing communications and relationships to achieve various objectives is public relations.

       An organization's interactions with its different stakeholders are managed through the strategic communication process known as public relations (PR).

       PR can aid in generating free media attention and overall goodwill for the retailer in the context of retail.

       This can be accomplished via a variety of PR techniques, including releasing press releases, planning events, interacting with customers on social media, and providing prompt and courteous customer service in response to complaints.

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Which of the following scenarios would lead to improved productivity for a farmer who is growing corn?
A the farmer adds workers but still produces the same amount of corn
B the farmer buys a radio for his tractor so that he can enjoy music while working
C the farmer builds an irrigation system which increases the output and his profits
D the farmer sells his corn for a lower price in order to out-sell his competitors

Answers

Answer:

im pretty sure the answer is d but im not sure

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