sunbird communications corp. is an organization with offices in a number of cities. the human resources (hr) department interviews the candidates remotely. each member of the hr department then posts his or her comments on an internal blog. this is an example of a(n) a.task group. b.informal group. c.problem-solving team. d.interest group. e.virtual team.

Answers

Answer 1

According to the question this is an illustration of a virtual team, as per the query.

What does the term "virtual team" mean?

A virtual team, sometimes referred to as either a geographically diverse team or even a remote team, seems to be a collection of individuals who communicate with one another online. Participants of a virtual team typically reside in several geographic locations.

Why do virtual teams succeed?

An effective virtual team is made up of individuals that collaborate effectively online. These individuals might communicate with one another using Microsoft Teams and Slack. A good virtual team typically possesses traits like effective communication, a sense of unity, and involvement.

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Related Questions

Which of the following is not a reason for redesigning a product or service?
A) to reduce labor or material cost
B) to increase the level of customer satisfaction
C) to increase quality
D) to increase the level of employee satisfaction
E) to attract and increase customer demand

Answers

The correct answer is D.

The demand for books is: Qd = 120 - PThe supply of books is: Qs = 5P6) Refer to Scenario 2.1. What is the equilibrium price of books?A) 5B) 10C) 15D) 20E) none of the above

Answers

To find the equilibrium price of books given the demand and supply functions, we need to set Qd (quantity demanded) equal to Qs (quantity supplied). The demand and supply functions are given as:

Qd = 120 - P
Qs = 5P

Now, set Qd equal to Qs:

120 - P = 5P

To solve for the equilibrium price P, follow these steps:

1. Add P to both sides of the equation:
120 = 6P

2. Divide both sides by 6:
P = 20

So, the equilibrium price of books is 20. Therefore, the correct answer is D) 20.

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economists assume people choose something when its expected costs are less than its

Answers

When an item's predicted costs are lower than its anticipated benefits, economists assume that customers will choose it.

What is the job of an economist?

The distribution and production of assets, goods, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns. A master's or doctoral degree in economics is the minimum educational prerequisite to become an economist. It is a profession that necessitates years of education. Unmistakably, when one thinks about well-known Indian economists, Chanakya (also known as Kautilya) comes to mind. Scotland's Adam Smith was indeed a philosopher of the 18th century. He is regarded as the founding figure of modern economics.

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what are the three most important value drivers that managers can use to create a competitive advantage?

Answers

The correct answer is that The most important value drivers that managers can use to create a competitive advantage are. -complements -product features -customer service.

What is competitive advantage?

Competitive advantage is central to an organization's performance in a competitive marketplace.

Differentiate your company from its competitors and pave the way for higher profit margins, greater return on investment and accumulation of valuable resources.

Competitive advantage comes from the value a company can create for its customers. Sometimes this comes in the form of lower prices than competitors for the same benefits, and sometimes in the form of unique benefits that offset the higher prices.

Ultimately, the value created for the customer must outweigh the initial cost of creating that value for the organization.

There are two types of competitive advantage-> Low cost - when a company can manufacture a product at a lower cost than its competitors.

Differentiation – When an organization can differentiate its products and services in terms of quality, style, customer service, etc. to provide customers with better value than their competitors.

Cost advantage and differentiation is the ability to better manage industry structure, or industry forces (as introduced in Michael Porter's model of five forces) that influence profitability, than competitors.

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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU

What is an origination fee on a loan?

What is an origination fee on a loan?

Answers

Answer & Explanation: An origination fee is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.

planners,checklists ,large calanders,and computer acclipications are used with which time managment skill

Answers

Planners, checklists, large calendars, and computer applications are commonly used with the time management skill of "Organization and Planning."

Organization and Planning involves setting goals, prioritizing tasks, and creating a structured approach to manage time effectively. The tools mentioned, such as planners, checklists, large calendars, and computer applications, help individuals in organizing and planning their tasks and schedules.

Planners: Planners are physical or digital tools that allow individuals to jot down their appointments, deadlines, and to-do lists. They provide a visual representation of the tasks and events, enabling better organization and planning.

Checklists: Checklists are helpful in breaking down larger tasks into smaller, actionable steps. They ensure that important tasks are not overlooked and provide a sense of accomplishment as items are checked off the list.

Large Calendars: Large calendars, whether physical or digital, provide a broader view of time, allowing individuals to see their schedule over days, weeks, or months. They aid in visualizing deadlines, important events, and the allocation of time for various activities.

Computer Applications: Various computer applications, such as task management software, project management tools, or calendar apps, offer features for organizing and planning activities. These applications often provide reminders, scheduling options, and collaboration features to enhance time management and productivity. By utilizing these tools and techniques, individuals can enhance their organization and planning skills, leading to better time management, increased productivity, and improved overall efficiency.

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The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?

Answers

Answer:

Environmental scanning

Explanation:

Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is  also the gathering of information on situations which allows a business create and build good customer relationship.

Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.

Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.

What are four important factors to remember before making a career decision?

Answers

Answer:

To make a career decision you need to focus on four really important things.

1. You should know what interests you and what do you want to keep on pursuing in the future.

2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.

3. Work attitudes, meaning that do you really have the attitude for the work?

4. Training and Education, this means that are you qualified enough for that specific work.

Explanation:hope it helps

Companies engaged in significant foreign exchange activities need to be aware that the current system is a mixed system combining speculation and.

Answers

The current system is a mixed system combining speculation and government intervention.

What is system?
A system is a group of components or elements arranged for a specific objective. The phrase can refer to both the system's components as well as the organisation or plan itself (and is semantically related to the word "method" in the sentence "I have my own little system") (as in "computer system"). A computer system is made up of software components or programmes that are run inside the computer and carefully selected hardware components that work well together. The operating system that controls and offers services to other computer programmes is the primary piece of software.

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Economists refer to the relationship that a higher price leads to a lower quantity demanded as the.

Answers

Explanation:

Law of demand — the common relationship that a higher price leads to a lower quantity demanded of a certain good or service and a lower price leads to a higher quantity demanded, while all other variables are held constant

Assume Avaya contracted to provide a customer with Internet infrastructure for $2,000,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming Avaya recognizes revenue over time according to percentage of completion. 2. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming Avaya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming this project does not qualify for revenue recognition over time. Complete this question by entering your answers in the tabs below. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming Avaya recognizes revenue over time according to percentage of completion. Note: Use percentages as calculated and rounded in the table below to arrive at your final answer. Loss amounts should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming this project does not qualify for revenue recognition over time. Note: Loss amounts should be indicated with a minus sign. Leave no cells blank. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming Avaya recognizes revenue over time according to percentage of completion. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming this project does not qualify for revenue recognition over time.

Answers

Assuming Avaya recognizes revenue over time according to percentage of completion, the company will recognize $1,000,000 of revenue in 2024 and $1,000,000 in 2025.

What will be the gross profit?

The gross profit in 2024 will be $990,000 and the gross profit in 2025 will be $980,000.

Assuming the project does not qualify for revenue recognition over time, Avaya will recognize all $2,000,000 of revenue in 2025. The gross profit in 2025 will be $1,980,000.

Here is a table summarizing the revenue and gross profit recognition for each year:

Year Revenue Gross Profit

2024 $1,000,000 $990,000

2025 $1,000,000 $980,000

2025 (if not qualified for revenue recognition over time) $2,000,000 $1,980,000

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Emma is one of three partners in Fast Work, a commercial janitorial service. With respect to her interest in the firm, when she dies, her heirs are most likely entitled to

Answers

Emma is one of three partners in Fast Work, a commercial janitorial service. Concerning her interest in the firm, when she dies, her heirs are most likely entitled to a buyout price paid by the firm for the interest.

What is meant by buyout?

A buyout is the acquisition of a controlling interest in a company and is used synonymously with the term acquisition. If the stake is bought by the firm's management, it is known as a management buyout and if high levels of debt are used to fund the buyout, it is called a leveraged buyout.

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What was the most significant change in the american economy as a result of the civil war?.

Answers

During the Civil War, Republican Congresses established a series of laws that reconfigured the government-market relationship and set the foundation for the Gilded Age.

What changed economically after the Civil War?

The society changed dramatically after 1800, as individual property rights grew more precious, Wage labor grew increasingly common, and the wealth gap between the rich and the poor widened.

States granted voting rights to all white men, making race the cornerstone of politics rather than property.

Thus, foundation for the Gilded Age was established.

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Two friends want to open a clothing consignment store. Individuals bring clothing to the consignment store and if the clothes sell, the consignment shop earns 60% and the customer receives 40% of the sale. What are the advantages of this type of business over other retail stores? Explain the advantages and disadvantages of operating this business as a sole proprietorship and a partnership

Answers

Answer:Some advantages of a consignment store are that if your your item sells both you and the business benifit. A disadvantage of a consignment store is that if the item doesnt sell the business doesnt profit and neither does the person who brought in the item. At other retail stores even if your item doesnt sell you still get the money but you dont get the item back so that could be an advantage or disadvantage.

Explanation:Some advantages of being a proprietorship and owning a consignment store is that you would get to keep all of the 60% sold of all profits.

A dsadvantage of being in a partnership and owning a consignment store would be that you would you would have to spilt the 60% with who ever you are partners with.

how can zoning laws be beneficial to a city’s residents?

Answers

Zoning laws can be beneficial to a city’s residents THEY CAN PREVENT NEW DEVELOPMENT THAT WOULD HARM ESTABLISHED RESIDENTS. Zoning laws states how a property in a certain zone will be used. Zoning laws may also specify the sizes of the lots, placement, bulk, and height of the structures.

ok
On May 16, 20X1, Safeway Company received a 90-day, 9 percent, $8,000 interest-bearing note from Black Company in settlement of
Black's past-due account. On June 30, Safeway discounted this note at Fargo Bank and Trust. The bank charged a discount rate of 14
percent. On August 14, Safeway received a notice that Black had paid the note and the interest on the due date.
Required:
Prepare the entries in general journal form to record these transactions.
Analyze:

okOn May 16, 20X1, Safeway Company received a 90-day, 9 percent, $8,000 interest-bearing note from Black

Answers

On the balance sheet, Notes Receivable-Discounted would be presented as an asset with a value of $7,840.

What is a balance sheet?

Generally, May 16:

Debit: Notes Receivable $8,000

Credit: Accounts Receivable $8,000

June 30:

Debit: Discount on Notes Receivable $160

Credit: Cash $7,840

Credit: Notes Receivable-Discounted $160

August 14:

Debit: Interest Receivable $120

Debit: Cash $7,960

Credit: Notes Receivable-Discounted $8,000

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Investment 2 Study questions Practice Questions: 1. On January 1, Stacy's portfolio was valued at $96,534. During the year Stacy received $3,285 in interest and $4,100 in dividends. She also sold one stock at a gain of $850. The value of the portfolio on December 31 of the same year was $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period return for the year? (refer slides for the formula) Sol: 25. 8% 2. Six months ago, Suzanne purchased a stock for $28 a share. Today she sold the stock at a price of $32 a share. During the time she owned the stock, she received a total of $1. 30 in dividends per share. What is her holding period return? Sol: 18. 9% 3. On January 1, Tim's portfolio was valued at $432,098. During the year Tim received $10,563 in interest and $15,060 in dividends. He also sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any more funds nor withdraw any funds during the year. On December 31 of the same year, Tim's portfolio was valued at $398,189. What is the holding period return for the year? Sol: -1. 9%

Answers

The holding period return for Stacy's portfolio for the year is 25.8%. The holding period return for Suzanne's stock is 18.9%.Tim's holding period return for the year is -4.67%, indicating a negative return.

Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value

In Stacy's case, the beginning value of her portfolio on January 1 was $96,534, and the ending value on December 31 was $113,201. She received $3,285 in interest, $4,100 in dividends, and had a gain of $850 from selling a stock. She also withdrew $5,000 at the end of June.

Holding Period Return = [($113,201 - $96,534 + $3,285 + $4,100 + $850) - $5,000] / $96,534

= ($24,902 + $4,100 + $850 - $5,000) / $96,534

= $24,852 / $96,534

= 0.257 or 25.8%

Therefore, the holding period return for Stacy's portfolio for the year is 25.8%.

Holding Period Return = [(Ending Value - Beginning Value) + Dividends] / Beginning Value

In Suzanne's case, the beginning value of the stock was $28 per share, and the ending value was $32 per share. She received $1.30 in dividends per share.

Holding Period Return = [($32 - $28) + $1.30] / $28

= ($4 + $1.30) / $28

= $5.30 / $28

= 0.189 or 18.9%

Therefore, Suzanne's holding period return for the stock is 18.9%.

In the case of Tim's portfolio, the holding period return for the year is -1.9%.

Tim's portfolio had an initial value of $432,098 on January 1 and a value of $398,189 on December 31. He received $10,563 in interest and $15,060 in dividends. However, he sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any additional funds or make any withdrawals during the year.

Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value

= [($398,189 - $432,098) + $10,563 + $15,060 + (-$12,870)] / $432,098

= (-$33,909 + $10,563 + $15,060 - $12,870) / $432,098

= -$20,156 / $432,098

= -0.0467 or -4.67%

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index whole life insurance contains a securities component that acts as a(n)

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Index whole life insurance contains a securities component that acts as a form of equity investment, allowing policyholders to benefit from the potential growth of the stock market.

Index whole life insurance is a permanent life insurance policy that includes a securities component designed to track the performance of a stock market index. This investment component acts as a form of equity investment, and allows policyholders to earn a return that is tied to the performance of the stock market.

As the value of the underlying index increases or decreases, the value of the securities component will also increase or decrease accordingly. Index whole life insurance provides policyholders with the opportunity to earn a higher rate of return than they would with a traditional whole life insurance policy, but it also involves higher risks.

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what are the ources of information and communication?Describe​

Answers

Answer:

One of the fundamental ideas in communication and information processing is the source or sender. Sources are objects that encode message data and transmit it to one or more observers over a channel (or receivers).

Why are firms willing to accept losses in the short run but not in the long​ run?.

Answers

The reason why  firms are willing to accept losses in the short run but not in the long run is that E. There are sunk costs in the short run but not in the long run.

What are sunk cost?

In economics and business decision-making, a sunk cost  can be explained as the cost which has ben been incurred  and as a result of this it ca not be recovered.

It should be noted that Sunk costs are contrasted with prospective costs,  and  may be avoided if action is taken, however the  firms are willing to accept losses in the short run due to the fact that sunk costs are present in the short run .

Therefore, option E is correct.

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missing options

A. Firms cannot shut down in the short run.

B. Fixed costs are larger in the long run than in the short run.

C. Firms are price takers in the short run but not in the long run.

D. It is always profitable to incur losses in the short run because profits will always arise in the long run.

E. There are sunk costs in the short run but not in the long run.

Vincent has set a financial goal to purchase a home in five years. He wants a two-bedroom house with a small backyard in the north side of the city. He has $5,000 currently in his savings account. If he doesn't deposit or withdraw any money, what type of savings account should he choose? Keep in mind that he wants to have the most money in his account at the end of five years.

Using the scenario above, what type of savings account should Vincent choose? Use the information you just learned about Vincent and the information you have learned in the last three lessons to decide which savings option is best for Vincent. Use the PACED decision-making method and show your work.

Go online, make phone calls, or visit financial institutions to find the best account for Vincent. Provide the name of the financial institution and the account name.

Answers

Vincent's financial goal is to purchase a two-bedroom house with a small backyard in the north side of the city in five years. He has $5,000 in his savings account and doesn't plan to deposit or withdraw any money.

Vincent needs to choose a savings account that offers the highest interest rate to maximize his savings over the five-year period. Using the PACED decision-making method, Vincent should:

Identify the Problem: Vincent wants to choose the best savings account to maximize his savings for purchasing a house in five years.Gather Information: Vincent should research various financial institutions and their savings account options to compare interest rates and fees.Consider Alternatives: Vincent should consider different types of savings accounts such as a high-yield savings account, certificate of deposit (CD), or a money market account.Evaluate and Choose: After evaluating the alternatives, Vincent should choose the savings account that offers the highest interest rate and has no fees. A high-yield savings account is the best option for Vincent as it offers a higher interest rate than traditional savings accounts and doesn't have any fees.

The best high-yield savings account for Vincent is the Marcus by Goldman Sachs High Yield Online Savings Account. This account offers a 0.50% APY with no fees and no minimum deposit requirement. Vincent can open the account online and manage it easily through the mobile app or website.

In conclusion, Vincent should choose a high-yield savings account to maximize his savings for purchasing a house in five years. The Marcus by Goldman Sachs High Yield Online Savings Account is the best option for Vincent as it offers a competitive interest rate and has no fees.

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Hailey works in a spa. today, there was a sale on a particular color of nail polish. twenty customers came in asking for the nail polish. which qualification helped hailey make it through the day without getting frustrated? a. patience for performing a repetitive task b. specialized skill at manicures c. socialization skillsd. knowledge of current trends

Answers

Boredom is a common side effect of repetitive work, and boredom can lead to blunders. Challenge yourself to do the task more quickly to change your routine. The time passes more quickly as a result, and you typically do more. Have a cheerful attitude and refrain from concentrating on the drawbacks of repetitious duties at work.

It can be irritating and exhausting to keep doing the same labor or task if twenty people come in asking for the same kind of shine. However, she did require patience when performing repetitious tasks because doing so helped keep her sane.

So, option a. is the correct answer that is patience for performing a repetitive task.

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The milk industry has a number of interesting aspects.

Provide economic explanations for the following:

a. Fluid milk is 87 percent water. It can be dried and

reconstituted so that it is almost indistinguishable

from fresh milk. What is a likely reason that such

reconstituted milk is not produced?

b. The United States has regional milk-marketing

regulations whose goals are to make each of the

regions self-sufficient in milk. What is a likely

reason for this?

c. A U.S. senator from a milk-producing state has been

quoted as saying, "I am absolutely convinced... tha

simply bringing down dairy price supports is not a

way to cut production." Is it likely that he is correct

What is a probable reason for his statement?

moto th

Answers

a. While reconstituted milk may be almost indistinguishable from fresh milk, it is likely not produced because of the cost involved in the process.

Drying milk requires specialized equipment and energy, both of which come with a high cost. Additionally, reconstituted milk may not have the same shelf life as fresh milk, making it less appealing to consumers. b. The likely reason for regional milk-marketing regulations in the United States is to ensure a stable supply of milk for each region.

Milk production can be affected by various factors, including weather and disease outbreaks, which can disrupt the supply chain. By encouraging self-sufficiency in milk production, the regulations aim to reduce the risk of milk shortages and price spikes.

c. It is possible that the senator is correct in saying that bringing down dairy price supports is not a way to cut production. Price supports are government subsidies that help maintain a minimum price for dairy products, which can encourage farmers to produce more milk.

However, cutting price supports alone may not be enough to reduce production, as there are other factors that influence milk production, such as consumer demand and production costs. The senator may be suggesting that a more comprehensive approach is needed to address overproduction in the dairy industry.

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a restrictive monetary policy is designed to shift the

Answers

Answer:

demand curve to the left

Explanation:

Translating your current required annual retirement savings amount into a percentage of total income and then investing that same percentage throughout your working life will help you build a retirement savings fund that keeps up with Social Security.
-inflation
-taxes
-recessions
-social security

Answers

Translating your current required annual retirement savings amount into a percentage of total income and then investing that same percentage throughout your working life will help you build a retirement savings fund that keeps up with inflation. The correct option is A.

Retirement is the phase of life that comes after a person has ceased working. Retirement typically refers to the period when an individual ceases working altogether, usually after reaching a certain age. The financial resources that were built up over a person's working years are used to fund retirement living expenses.

Savings is defined as the amount of money that is put aside or not spent. Saving is a critical part of financial management since it allows you to prepare for the future and cope with any unexpected emergencies that might occur.

Income is defined as the amount of money that a person or a corporation earns on a regular basis. Income is frequently used to refer to the salary or wages that someone earns as a result of their job.

To build a retirement savings fund that keeps up with inflation, translate your current required annual retirement savings amount into a percentage of total income and then invest that same percentage throughout your working life.

Since investment options can be diverse, it is advisable to create a well-diversified portfolio with a mix of assets that are chosen based on your investment objectives, risk tolerance, and time horizon. Hence,The correct option is A i.e. inflation.

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Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government

Answers

When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.

What is Direct Taxes?

Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.

Businesses pay corporate tax on their income, which is a form of direct tax.

Therefore, (C) is the correct option.

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Salaries and wages are an example of this operating expense.
O professional services
O licenses
O phone and utilities
O payroll

Answers

It’s payroll truss me

1. The following headline appeared in the London Times, "England's sheep population nearly destroyed by famine!" How will this affect the supply of wool around the world?​

Answers

It would cause the supply of wool to decrease.

The effect of the supply of wool around the world will be felt in the manner that there will be a shortage of wool.

What is Supply?

Supply refers to the availability of the raw material or the products to the businessman or the customers. In the other ways, it can be said that the availability of items and services on the market is referred to as supply. It satisfies the individual's wants and aspirations by supplying items to clients.

According to the scenario described above, hunger has caused significant harm to sheep, resulting in losses to the wool sector since it would be unable to furnish wool to clients. This eventually leads to a shortfall of supply in the market, which raises the price of wool.

Therefore, it can be concluded that The influence of the supply of wool throughout the world will be felt in the form of a wool shortage.

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BCC Ltd purchased a machinery costing Rs 10,00,000 on January 1, 2019. A new machinery was purchased on 01, May 2020 for Rs 15,00,000 and another on July 1, 2022, for Rs 12,00,000. A part of the machinery which originally cost Rs 2,00,000 in 2019 was sold for Rs 75,000 on October 31, 2022. Show the Machinery account, from 2019 to 2022. If depreciation is provided at 10% per annum on written down value and account are closed on December 31st, every year.

Answers

The Machinery account for the years 2019 to 2022 is given below.

Machinery Account

Date Particulars Debit Credit

01/01/2019 Machinery 10,00,000

Depreciation 1,00,000

01/05/2020 Machinery 15,00,000

Depreciation 2,40,000

01/07/2022 Machinery 12,00,000

Depreciation 3,42,400

31/10/2022 Sale  75,000

Depreciation  51,600

31/12/2019 Depreciation  1,00,000

31/12/2020 Depreciation  2,40,000

31/12/2021 Depreciation  2,16,000

31/12/2022 Depreciation  3,42,400

Closing  10,98,000

How to explain the account

It should be noted that to prepare the Machinery account, we need to record the purchase of machinery and the sale of a part of the machinery. Also, we need to calculate the depreciation on the machinery at the end of each year.

First, we need to calculate the depreciation on the machinery purchased on January 1, 2019.

Depreciation for the year 2019 = 10% of Rs. 10,00,000 = Rs. 1,00,000

Depreciation for the year 2020 = 10% of (Rs. 10,00,000 - Rs. 1,00,000) + 10% of Rs. 15,00,000 = Rs. 2,40,000

Depreciation for the year 2021 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000) + 10% of Rs. 15,00,000 = Rs. 2,16,000

Depreciation for the year 2022 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000 - Rs. 2,16,000) + 10% of Rs. 15,00,000 + 10% of Rs. 12,00,000 = Rs. 3,42,400

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