The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents.
January 2,2015 Paid $87,000 cash to purchase storage shed components.
January 3;2015 Paid $3,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $6,000.
April 1,2015 Paid $39,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $4,000.
May 13,2015 Paid $400 cash for repairs to the pickup truck.
July 1,2015 Paid $28,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years.
December 31,2015 Recorded depreciation and amortization on the pickup truck, storage shed, and patent.
June 30,2016 Sold the pickup truck for $33,000 cash. (Record the depreciation on the truck prior to recording its disposal.)
December 31,2016 Recorded depreciation on the storage shed. Determined that the patent was impaired and wrote off its remaining book value (i.e., wrote down the book value to zero).
Required:
Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)

Answers

Answer 1

Answer:

Gravure Graphics International

General Journal:

Jan 2, 2015:

Debit  Storage Shed $87,000

Credit Cash Account $87,000

To record the purchase of storage shed components.

Jan 3, 2015:

Debit Storage Shed $3,000

Credit Cash Account $3,000

To record the payment for shed erection.

April 1, 2015:

Debit Pickup Truck $39,000

Credit Cash Account $39,000

To record the purchase of a pickup Truck

May 13, 2015:

Debit Truck Repair Expense $400

Credit Cash Account $400

To record the payment for repairs.

July 1, 2015:

Debit Patent Rights $28,000

Credit Cash Account $28,000

To record the purchase of patent rights.

Dec. 31, 2015:

Debit Depreciation Expense - Storage Shed $8,400

Credit Accumulated Depreciation - Storage Shed $8,400

To record the depreciation expense for the year.

Debit Depreciation Expense - Pickup Truck $5,250

Credit Accumulated Depreciation - Pickup Truck $5,250

To record the depreciation expense for the 9 months.

Debit Impairment Expense - Patent Rights $2,800

Credit Accumulated Impairment- Patent Rights $2,800

To record the impairment expense for the 6 months.

June 30, 2106:

Debit Depreciation Expense- Pickup Truck $3,500

Credit Accumulated Depreciation- Pickup Truck $3,500

To record depreciation expense for the half year.

Debit Accumulated Depreciation - Pickup Truck $8,750

Credit Sale of Truck $8,750

To transfer the balance to Sale of Truck.

Debit Sale of Truck $39,000

Credit Pickup Truck $39,000

To record the transfer to Sale of Truck.

Debit Cash Account $33,000

Credit Sale of Truck $33,000

To record the sale of the pickup truck for cash.

Dec. 31, 2016

Debit Sale of Truck $2,750

Credit Gain on Sale of Truck $2,750

To record the gain on sale of truck.

Debit Depreciation Expense - Storage Shed $8,400

Credit Accumulated Depreciation - Storage Shed $8,400

To record the depreciation expense for the year.

Debit Impairment Expense - Patent Rights $25,200

Credit Accumulated Impairment- Patent Rights $25,200

To write down the book value to zero.

Explanation:

a) Depreciation / Impairment Expenses:

1) Storage Shed = $8,400 ($87,000 + 3,000 - 6,000) / 10

2) Pickup Truck = $7,000 ($39,000 - 4,000) / 5

for 2015 = $5,250 ($7,000 x 9/12)

3) Patent Rights = $5,600 ($28,000/5)

for 2015 = $5,600 /2 = $2,800

4) Truck for 2016: $7,000/2 = $3,500

5) Depreciation is an accounting method for expensing the cost of a fixed asset over its useful life.  It is based on estimate and there are many methods for estimating the depreciation expense for the various fixed assets.

6) Impairment is like depreciation as a method for expensing cost of an asset.  The difference is that while depreciation is used for tangible non-current assets, impairment is for intangible non-current assets.  Another difference is that impairment is determined at the end of the period when the asset is checked for impairment based on fair value.


Related Questions

Which factor would most likely increase the risk of being underinsured?
A. Purchasing the maximum coverage
B. Reducing the number of policy exclusions
C. Having a low limit of liability
D. Having a history of making claims in the past

Answers

The factor that would most likely increase the risk of being underinsured is  option  C. Having a low limit of liability.

When you have a low limit of liability, it means that your insurance policy provides limited financial protection in the event of a claim. This can result in inadequate coverage for damages or losses you may experience.

Purchasing the maximum coverage (A) and reducing the number of policy exclusions (B) would generally decrease the risk of being underinsured, as these actions increase the protection provided by your insurance policy. Maximum coverage ensures that you have the highest possible amount of financial protection, while fewer exclusions mean that more types of incidents are covered under your policy.

Having a history of making claims in the past (D) might affect your insurance premiums or the willingness of an insurer to offer coverage, but it does not directly impact the risk of being underinsured. It is essential to assess your coverage needs and choose a policy with appropriate limits of liability to minimize the risk of being underinsured and facing significant out-of-pocket expenses in the event of a claim. Therefore the correct option is  C

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38. A log book used to record information about visitors who call in an organization is called A. Complimentary card B. Telephone directory C. Telephone pad D. Visitor's register E. Visitor's request form​

Answers

A logbook used to record information about visitors who call in an organization is called an Option D. Visitor's Register.

A visitor's register is an essential tool for maintaining security and professionalism in a workplace. It helps in keeping track of the people entering and leaving the premises, which aids in monitoring the flow of visitors and ensuring their proper identification.

A visitor's register typically includes columns for the visitor's name, contact details, purpose of visit, time in, time out, and the name of the person they are meeting. This information is valuable in case any follow-up is required or for emergency situations where it's crucial to know who is on the premises.

In contrast, a complimentary card (A) is a business card exchanged during formal introductions. A telephone directory (B) is a listing of telephone numbers organized by name or business. A telephone pad (C) is a notepad used for taking messages or notes during phone calls, and a visitor's request form (E) may be a document required to be filled out by visitors for specific purposes or access.

In summary, a visitor's register (D) is the correct term for a log book used to record information about visitors who call an organization. It helps maintain security, monitor visitor flow, and ensure proper identification of guests. Therefore, the correct option is D.

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When someone buys something on the menu, what are they paying for?

Answers

An individual pays for service rendered so when someone buys something on the menu, what are they paying for service.

What is service charge?

A service charge is the amount an individual pays for a service that is been rendered.

It could be a product that is purchased or workdone and the amount is computed and paid for.

Therefore, When someone buys something on the menu, what are they paying for service.

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When a manager treats an organization as an interrelated set of elements that work together, the manager is treating the organization as

Answers

Answer:

When a manager treats an organization as an interrelated set of elements that work together, the manager is treating the organization as a system. A system is a set of interrelated parts that work together to achieve a common goal. In the case of an organization, the parts are the people, processes, and resources that make up the company. The goal of the organization is to produce goods or services that meet the needs of customers.

The systems perspective is a useful way of thinking about organizations because it helps managers to understand how the different parts of the organization interact with each other. This understanding can be used to improve the performance of the organization by making changes to the way the parts interact.

For example, a manager might realize that the production department is not communicating effectively with the marketing department. This lack of communication is leading to problems with product quality and customer satisfaction. The manager can then take steps to improve communication between the two departments, which will improve the performance of the organization as a whole.

The systems perspective is a powerful tool that can help managers to improve the performance of their organizations. By understanding how the different parts of the organization interact, managers can make changes that will lead to better outcomes for the company.

Here are some of the benefits of using the systems perspective in management:

* It can help managers to identify and understand the relationships between the different parts of the organization.

* It can help managers to see how changes in one part of the organization can affect other parts.

* It can help managers to make decisions that will improve the overall performance of the organization.

The systems perspective is a valuable tool for any manager who wants to improve the performance of their organization.

the impact of monitoring and evaluating quality process on the motor industry

Answers

Impact of monitoring and evaluating quality process on the motor industry is improved product quality and customer satisfaction.

How does monitoring and evaluating quality processes helps?

Monitoring and evaluating quality processes in the motor industry can have a significant impact on product quality and customer satisfaction. By closely monitoring the production process, manufacturers can identify any issues or defects early on and take corrective actions to ensure that the final product meets the desired quality standards.

This can help to reduce the number of defective products and improve customer satisfaction by delivering high-quality products that meet their expectations. So. it also help to identify areas where production can be made more efficient which leads to cost savings and increased profitability.

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Customers might sometimes describe contradictory needs

Answers

Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.

When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.

This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.

Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

Customers might sometimes describe contradictory needs.

A. A customer's needs can sometimes be confusing.

B. Customers might sometimes give vague descriptions.

C. Customers sometimes describe needs that oppose each other.

D. Some customers are extremely thorough in describing their needs.

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true or false The Internet is the worldwide network of computer networks built on common standards and created in the late 1970s?? ​

Answers

The history of the Internet has its origin in information theory and the efforts to build and interconnect computer networks that arose from research and development in the United States and involved international collaboration, particularly with researchers in the United Kingdom and France.

Computer science was an emerging discipline in the late 1950s that began to consider time-sharing between computer users, and later, the possibility of achieving this over wide area networks. Independently, Paul Baran proposed a distributed network based on data in message blocks in the early 1960s, and Donald Davies conceived of packet switching in 1965 at the National Physical Laboratory (NPL), proposing a national commercial data network in the UK

Who is a second-degree contact on a professional networking site?

Answers

Explanation:

2nd-degree ties - Individuals linked to certain 1st-degree links. We may submit an application to them through pressing the Preview button on everyone personal page, or by sending an email to them.

57. Mark Green is considering buying a new Honda Accord. The purchase price of the car is $21,000 but Mark has a trade-in worth $4500. Mark needs a loan to buy the car and knows that his local bank requires him to put down 10% of the purchase price after the value of the trade-in is considered. Mark also knows that bank will charge 8% for the loan and require monthly payments over the next 4 years. What is the size of Mark‟s monthly payments if he makes the minimum down payment on the car?

Answers

Note that , Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.

How is this so?

Given

Loan amount - $14,850

Loan term - 48 months

Interest rate - 0.0067 per month(8   % annual rate divided by 12 months)

Using the formula for a fixed- rate loan,the monthly   payment (P) can be calculated as follows:

P =   (Loan Amount * Monthly Interest Rate) /(1 - (1 + Monthly Interest Rate)^(-Number of Months))

P = ($  14,850 * 0.0067) /(1 - (1 + 0.0067)^(-48))

computing we have

P = ($99.50) / (1 - (1.0067)^(-48))

P = ($99.50) / (1 - 0.7035)

P = ($99.50) / (0.2965)

P ≈ $335.89

Therefore, Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.

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Based on what you see in the Employee Complaint Log, what type of culture has HyrdoHealth been exhibiting?

Answers

Answer:

organization has a team oriented culture because it is collaborative and values teamwork and cooperation among employees.

Explanation:

hope this helps if not please let me know

Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:

What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?

Answers

The purpose of this research is to examine the service proficiency of OEI and suggest suitable  staffing levels for accommodating a growing clientele of 20 and 30.

1. Arrival Rate for Each Customer:  1.25 customers per hour.

2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.

3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.

What is the managerial report

1. Arrival Rate for Each Customer:  1.25 customers per hour.

Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:

10 customers / 8 hours

= 1.25 customers per hour.

2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.

The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:

1 customer / 3 hours

= 1/3 customers per hour.

3. Travel Time and Waiting Time:

OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.

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what is stock appropriation ​

Answers

Answer: An election may be made under which any chargeable gain or allowable loss arising from such a notional disposal of the property is deducted from the costs of acquisition of the trading stock. An example of an appropriation is when the United States Congress makes money available from the budget for military operations.

Explanation:

Find the values of y²=144​

Answers

Answer:

y = 12

Explanation:

y^2 = 12^2

y = 12

which is your answer

Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.

Answers

We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.

Funds for starting the business: $1 million in funding from Andy Bechtolsheim.

Employee data: over 160,000 employees worldwide.

What is a company?

A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.

Their products are digital and online services.

Comparing this company, we see Microsoft.

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How do I cancel my payment plan?

Answers

The person can cancel the payment plan by giving the bank to stop payment order.

What is Payment Plan?

A term payment plan entails getting equal monthly payments over a predetermined amount of time.The time periods is predefined as the after the expiry of the period payments are not been made.

By instructing the bank to halt payments, the person can cancel the payment schedule.

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Carlito's considering the purchase of a new lawnmower for his home. he has a few option in mind and begin evaluating them in terms of price warranty and service. these components can be best described as part of the


1 speciality Future
2 value package
3 products part
4 shopping offering
5 brand Capitol ​

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Answer:

hi chick hi ICO cool UCI cool uni

What is the budget of 20.5 trillion

Answers

Answer:

The record 20.5 trillion naira ($47.3 billion) proposed expenditure “reflects the serious challenges” faced by Nigeria and contains “key reforms necessary to address them,” Buhari told lawmakers when presenting the budget in the capital city of Abuja on Friday.

Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.

Answers

a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.

b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.

c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units

a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].

Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.

b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.

The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:

(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit

Plugging in the values, we have:

(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units

c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.

The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.

The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.

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SBA a business from any of the THREE sectors and conduct a research using newspaper clips, business articles, any business magazines, News 24 and a other business websites to answer the following Research (Part A) for your Select a business business questions. (Collect FIVE resources) must be NB After choosing the sector you able to motivate your answer then provide picture/ newspaper article of the business -You must identify challenges experienced by the business and classify those challenges according to the three Business Environments and state the extent of control.​

Answers

Selecting a business from one of the three sectors, conducting research using newspaper clips, business articles, any business magazines, News 24, and other business websites to answer research (Part A) questions. This article will discuss the challenges faced by the business and classify them based on the three business environments. The business selected for this research is Sasol, which belongs to the primary sector. Sasol is an integrated energy and chemicals firm with operations in over 30 countries and more than 30,000 employees. It mines coal and convert it into synthetic fuels and chemical feedstock. Sasol operates in a challenging environment, and it faces many challenges. However, in this research, we will discuss the most important challenges faced by Sasol. The following are the difficulties Sasol faces: Environmental challenges: Sasol is a large company, and it emits greenhouse gases, which affect the environment. Furthermore, environmental regulations have become more stringent, which is a significant challenge for the company. Sasol must adhere to environmental regulations, which will impact its operations. Sasol must also protect its reputation, which is critical to its success. Sasol should be proactive in responding to environmental challenges by investing in renewable energy and ensuring that it adheres to environmental regulations. Economic challenges: Sasol faces economic challenges, including fluctuating oil prices, currency volatility, and rising operating costs. These issues are beyond the company's control, and they can have a significant impact on Sasol's financial performance. Sasol must adapt to economic changes by diversifying its revenue streams and improving its operational efficiency. Social challenges: Sasol faces social challenges such as workforce diversity, employee engagement, and community relations. Sasol must address these challenges by fostering a diverse and inclusive culture, promoting employee engagement, and engaging with the community. Sasol must also ensure that its business practices align with the expectations of its stakeholders, including customers, employees, and investors. In conclusion, Sasol faces many challenges, which can be classified into three categories: environmental, economic, and social. Sasol has limited control over some of these challenges, but it must be proactive in responding to them to ensure its long-term success.

A business that you can select for this analysis is the importation of cars into a country. Some challenges that may affect the importation of cars include import duties and trade agreements between nations.

What are business challenges?

Business challenges refer to those problems that are encountered by entrepreneurs who want to go into any area of trade. For those into the importation of cars and other such items, excessive import duties might be limiting to them.

They may also experieice trade agreements sbetween nations and rising forex that amy not be favorable for trade.

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Which set of documents do you need to correct a mistake on a filed tax return

Answers

Answer:

Form 1040x

Explanation:

why are manufactured goods more valuable to the economy than services (select all that apply)
1. manufactured goods can be exported to other countries
2. manufacturing workers have more money to spend on other goods and services
3. manufactured goods are less expensive than handmade goods
4. manufacturing workers save more money than other workers.

Answers

the answer is no 2 and 4

If a bank had demand deposits of $50 million and it faced a 25 percent reserve requirement, it would be required to have how many reserves

Answers

Answer:

$12.5 million

Explanation:

The computation of the number of reserves required is shown below:

= Demand deposits × reserve requirement

= $50 million × 25%

= $12.5 million

We simply applied the demand deposits with the reserve requirement so that the number of reserve required could come

_____ may be best for resolving small- to medium-sized business liability claims, which may not be worth the expense of litigation or traditional ADR.

Answers

Alternative dispute resolution may be best for resolving small- to medium-sized business liability claims, which may not be worth the expense of litigation or traditional ADR.

What is the ADR about?

Alternative Dispute Resolution (ADR) methods, such as mediation or arbitration, may be best for resolving small- to medium-sized business liability claims. These methods are often less formal and less expensive than traditional litigation, and can provide a quicker and more cost-effective means of resolving disputes.

Additionally, they often allow the parties to maintain control over the outcome of the dispute, rather than having a judge or jury decide the case for them. This can be particularly appealing for businesses that want to maintain good relationships with their customers or suppliers, or that want to avoid the negative publicity that can come with public court proceedings.

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What should you include on an income statement?

Select all correct answers.


1. income
2. expenses
3. net profit
4. all assets

Answers

All of the factors that have to be included in the income statement are:

1. income2. expenses3. net profit

What is meant by the income statement?

This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.

Hence we can say that All of the factors that have to be included in the income statement are:

1. income2. expenses3. net profit

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A basic Gantt chart:A) Clearly displays early and late start and finish times for all activities.B) Cannot be used to track the project's progress.C) Permits scheduling resources well before they are needed.D) Shows dummy activities to preserve network logic.

Answers

A basic Gantt Chart C) Permits scheduling resources well before they are needed.

What is a Gantt Chart ?

A Gantt chart is a project management tool that shows the relationship between work that has been performed over time and the time that was scheduled for the task. The beginning and ending dates of tasks, milestones, relationships between tasks, assignees, and more can all be found in a Gantt chart.

A basic Gantt Chart is therefore a way to permit scheduling resources well before they will be needed, by ordering the activities of a project so that a company is more efficient.

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Is it unethical to use the passive voice to avoid specifics?

Answers

Answer:

Yes

Explanation:

Yes, it is unethical if the specifics are important or affect someone. If this is the case then it is important for the information to be completely provided so that the individual is completely informed. Otherwise, it could prevent them from taking necessary action and pushing towards the result that they want. Instead without this information the will ultimately come to a bad scenario that they could have avoided.

It can be a bit tricky to tell the difference between a national and international
business.

True
False

Answers

Answer:

False

Explanation:

Domestic business involves those economic transactions that take place within the geographical boundaries of a country. International business involves those economic transactions that take place outside the geographical boundaries of a country.

International business can help improve political relations among countries. Culture refers to the type of government of a country.

Conduct Internet research and find whether your state levies inheritance tax. and how is it different from the federal inheritance tax.

Answers

Answer:

My state is Wisconsin, and Wisconsin does not levy a state inheritance tax, nor a estate tax, being one of the 34 states that do not levy any of these two taxes.

This is in contrast with the federal leve, because there is a federal inheritance tax, although with a quite high exemption of around 11 million for individuals, and of 22 million for married couples.

Answer:Inheritance tax is a tax that a person has to pay on money or property inherited after the death of a family member, loved one, and so on. This tax is sometimes referred to as a death tax. It is fundamentally a state tax.

In the federal inheritance or estate tax, the tax value depends on the fair market value of the inheritance. The amount is then levied on the representative of the estate. The taxable amount comes from the value of the estate. Then, the balance goes to the beneficiary of the estate.

As per the state inheritance tax, the beneficiary of the estate must pay the taxable amount. For example, if five family members inherit a property from a deceased relative, each member will individually pay tax on their share of the inheritance

Only eight states have inheritance taxes, these include Indiana, Iowa, Kentucky, Maryland, Nebraska, New Jersey, Pennsylvania, and Tennessee. My state, the state of Texas, does not levy an inheritance tax. Even for states that do levy such taxes, many beneficiaries are exempt from the tax under various circumstances.

Explanation: plutos example after answering question so change it up a little dont use word for word.

Dimitri Designs produce 30000 chairs and sells for $240 each, Special order received of 800 chairs with asking price of $210, Current Variable Cost is $165 includes $50 Labor Cost, To accept the order it requires to run overtime and pay 150% labor cost of normal pay rate. What is impact on profit if order is accepted?

Answers

According to this research, accepting the special order would not be beneficial for Dimitri Designs because doing so would result in variable expenses that would be larger than the money made from selling the extra chairs.

What is variable and fixed cost?

Fixed costs in accounting are outlaid that are consistent across time regardless of the volume of outputs. Costs that vary inversely or directly with changes in the volume or degree of company activity are known as variable costs.

To know the impact on profit if the order is accepted we have to follow such steps:

The total revenue from selling 800 chairs at $210 each would be:

800 x $210 = $168,000

To produce these chairs, Dimitri Designs would need to incur additional variable costs for labor, as well as potentially incur additional fixed costs for running the production line for longer. The variable labor cost per chair would increase by 150%, or an additional $50 x 1.5 = $75 per chair.

The total variable cost per chair for the special order would be:

$165 (normal variable cost) + $75 (additional labor cost) = $240

Therefore, the total variable cost for the 800 chairs would be:

800 x $240 = $192,000

Assuming no additional fixed costs are incurred, the profit impact of accepting the special order would be:

Profit = Total Revenue - Total Variable Cost

Profit = $168,000 - $192,000

Profit = -$24,000

Based on this analysis, it would not be profitable for Dimitri Designs to accept the special order, as the variable costs associated with producing the additional chairs at a higher labor cost would exceed the revenue generated from the sale of those chairs.

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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.​

Answers

Today's HR departments—at least the forward-thinking ones—spend their energy managing employee engagement and bolstering culture rather than concentrating on people management and administrative responsibilities.

What is HR management?

In order to effectively and efficiently manage people in a company or organisation and provide it a competitive edge, it is known as Human Resource management (HRM or HR). In support of a company's strategic goals, it is made to optimise staff performance. The primary focus of Human Resource management, which also emphasises systems and policies, is the management of individuals inside businesses. The management of pay and benefit systems, as well as employee recruiting, training, and development, falls within the purview of HR departments, which are also in charge of regulating these areas. Organizational transformation and labour relations, or the balancing of organisational practises with obligations emerging from collective bargaining and governmental regulations, are other issues that HR is concerned with.

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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.​

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