For a company concentrating on final assembly, adding retail and distribution into its value chain will require forward integration. Thus option B is correct.
What is the company?A company is a legal body formed by a number of people to conduct and manage a multinational corporation, whether it be commercial or economic. Depends on the market rules of its territory, a corporation may be set up in a variety of approaches for tax and lease responsibility reasons.
Forward integration will then be necessary for a business that focuses on finished product to include retail and distribute in its product lifecycle. Forward inclusion refers to the portion of the what takes position after a firm invests in production in the production process.
Therefore, option B is the correct option.
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Section 291 depreciation recapture for corporations provides that what portion of the gain on depreciable real property will be recognized as ordinary income?
Under Section 291 of the Internal Revenue Code, when a corporation sells depreciable real property, any gain realized on the sale will be subject to depreciation recapture.
This means that any gain that is attributable to depreciation taken on the property will be recognized as ordinary income. The amount of ordinary income recognized will be equal to the amount of depreciation taken on the property multiplied by the applicable recapture rate. The applicable recapture rate will depend on the type of property and the depreciation method used.
The term depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful life. Depreciation represents how much of an asset's value has been used.
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What tools or procedures would you use to diagnose troubleshoot and improve the performance of a real time application?
Use AI and ML to quickly identify anomalies and fix problems before they have an impact on end customers. Improve user experience by quickly deploying and troubleshooting cloud application performance.
How is application performance troubleshooted?Inadequate bandwidth is also a result of increased application traffic, and hardware problems like malfunctioning gateways, firewalls, and switches can slow down an application. The slow-running apps should be given priority, and maintaining pristine technology will assist resolve the network problem.
What do performance tools entail?HR software called performance management tools assists firms in tracking employee performance in a standardized and quantifiable manner. It makes certain that bridge departments are successfully and cooperatively pursuing the same corporate objective.
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elicitation is an iterative process. at what point(s) in a project should you conduct an elicitation analysis? select an answer: before the needs assessment during the needs assessment and soon after the project has been initiated whenever it is most convenient for your stakeholders during the needs assessment and after project completion
As elicitation is an iterative process, it should be conducted at d) during the needs assessment and after project completion of a project.
Elicitation is an iterative process that involves gathering information from stakeholders throughout the lifespan of a project. The most effective time to conduct an elicitation analysis is during the needs assessment, as well as soon after the project has been initiated. Hence, option d is correct.
This allows stakeholders to provide their input while the project is still in the early stages and makes the process more convenient for all involved.
Additionally, conducting an elicitation analysis after project completion can help identify potential areas for improvement and ensure that future projects run more smoothly.
The question will correctly be written as:
Elicitation is an iterative process. At what point(s) in a project should you conduct an elicitation analysis? select an answer:
a) before the needs assessment
b) during the needs assessment and soon after the project has been initiated
c) whenever it is most convenient for your stakeholders
d) during the needs assessment and after project completion
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Planning is an important part of management. You find your batting cages can serve 20 customers each per day and take up about 1,600 square feet each. In two years, you hope to serve 300 customers per day. About how much room will you need just for batting cages? a) 12,000 b) 17,000 c) 20,050 d) 24,000.
The spaces taken up to serve 300 customers per day is; 24,000 square feet each. The crucial job of administration is planning, which is choosing in before hand what needs to be done in the future.
what time it needs to be done, what method it should be done, and who should do it. It's a cognitive process that establishes a company's aims and creates numerous action plans to help the association reach those intentions. It lays out precisely how to achieve a particular ideal. Planning is simply thinking before doing an activity. It enables us to look into the future and plan in advance how to tackle the problems we will face in the future. It requires logical sense and sound judgment.
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What factors should be considered to ensure that sales are profitable?
Return on Equity (ROE): ROE is most frequently used to assess corporate profitability from the viewpoint of shareholders. The ratio displays the earnings per share of the stockholders.
What aspects need to be taken into account to make sure that sales are profitable?Price, quantity, variable costs, and fixed costs are the main variables that affect your profit. Below, we go into more detail about each of these components, but first, we'd like to go over some important ideas to bear in mind if you want to boost your profitability.
What are the profitable strategies?In general, break-even studies, return on asset evaluations, and margin or profitability ratios are the three main approaches to measure if your organization is successful.
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what is a possible explanation for observing the leontief paradox? a. the u.s. has a strong absolute advantage over all other foreign nations because of its resource capabilities. b. the leontief paradox makes perfect sense. c. the u.s. has a special advantage in producing new products or goods made with innovative technologies. d. the u.s. does not have the resources that other countries have
The United States has a distinct advantage when it comes to inventing different items or goods utilising cutting-edge technologies. The best option is (c).
How do you define a product?The thing that is being sold is referred to as a product. A utility or an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The region, the quality, the marketing, and the group that is being targeted all affect the price that may be charged.
What does the term "product" mean?Any good or service you offer to satisfy a company's need or desire is a product. There are both real and virtual ones. Durable things (such as automobiles, furniture, and electronics) and nondurable items are examples of physical products (like food and beverages).
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1.A large international debt may cause a government to:impose wage controls.increase government spending.impose price controls.A, B, and C.A and C.2.according to the book, economic analyses become more complex when a firm enters overseas markets because, unlike the situation for a company operating domestically:the uncontrollable economic variables must be forecast.Management must operate in two new environments, foreign and international.analysts must now forecast the values for both socioeconomic and economic variables.economists know less about foreign exchange rates.A and C.3.According to the text, most of the fast-growing cities projected to be mega cities by the year 2015 are located ina)Europe.b)South America.c)developed nations.d)developing nations.4. According to the text, population sizea)and employment rates are sufficient for estimating consumption of low-priced, mass-consumption products such as soap and economy automobiles.b)and GNI/capita are necessary for estimating consumption of low-priced, mass-consumption products such as soap and soft drinks.c)provides a basis for estimating consumption of low-priced, mass-consumption products, such as cigarettes and soap.d)alone is insufficient for estimating consumption of any product.5.According to the text, the market analyst may determine a country is not a good market by making a simple calculation based on:GNI/capita, population by province, and the number of pharmacies.GNI/capita, total population, and the size of the hidden economy.Pet sales, number of CD players, and per-capita lint production.GDP, total population, and income distribution.6.Because of the importance of economic information to the control and planning functions at headquarters the collection of data and preparation of reports is usually the responsibility of:a)government economists.b)the home office.c)economic consultants.d)economists in the subsidiaries where changes are occurring.7.Even though a nation's GNI is small, if a small percentage of its population receives a large percentage of that income:a)it may be a good market for high-volume, low-priced consumer products.b)B and C.c)it may be a good market for low-volume, high-priced luxury products.d)it may be a good market for high-priced industrial products.8.Examples of socioeconomic data are:a) total population, population density, and population distribution.b) GNI/capita, total population, and population distribution.c) total population, income distribution, and population density.d) GNI, GNI/capita, income distribution.9.From comparisons of income distribution studies over time, it appears that in early stages of development:a)the middle quintile grows at the expense of the upper and lower quintiles.b)income inequality stays the same.c)the upper and lower quintiles grow at the expense of the middle quintile.d)income inequality decreases.10.Generally, because of higher birth and fertility rates, developing countries have more _________ populations than industrial countries.a)healthyb)youthfulc)unhealthyd)mature11.Generally, we can assume that the higher the GNI/capita value:a)the lower the tax rate.b)the larger the population.c)the smaller the population.d)the more advanced the economy.12.GNI/capita, the first crude estimate of purchasing power, must be further refined by:a)an examination of the amount of income tax paid.b)determining the amount of discretionary income.c)a census to determine the total population.d)incorporating data on how the national income is actually distributed.13.Income distribution studies confirm the belief that, generally, income is more evenly distributed in the:a)developing nations.b)richer nations.c)newly industrialized nations.d)Pacific Rim nations.14.Japan is mentioned in the age distribution section because:a)none of the above.b)A, B and C.c)it is the fastest-graying nation in the industrial world.d)its social security funds may be depleted by this future wave of retireese)in the future it may have twice as many retirees as children.15.Reductions in birth rates are occurring worldwide because:a)governments are supporting family planning programs.b)A, B, and C.c)of a greater degree of urbanization.d)women are gaining an enhanced status.e)A and C.
A large international debt can cause a government to impose wage controls,increase government spending,impose price controls.
C.China has a larger population of 1.37 billion people than India.According to the text, a large international debt can provoke a government.Large foreign debts may indicate that the government will impose exchange controls on companies in your country.If a large part of the country's export earnings.The various functional areas of a company require data on the size and rates of change of a number of economic and socioeconomic factors.Among the most important economic dimensions are GNP,GNP per capita,income distribution, personal consumption expenditures,private investment,unit labor costs,and financial data such as exchange rates, inflation rates,interest rates and the amount of currencies of a nation debt. The main socioeconomic dimensions are total population,growth rates,age distribution, population density, and population distribution.
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1) A website’s success is measured by how well ita. Generates traffic, drives conversions, generates revenuesb. Connects users, provides navigation, converts leadsc. Promotes products, invites engagement, directs conversionsd. Carries messaging, displays content, simplifies coding2) True or False: Your mobile digital footprint is much larger than your desktop digital footprint.3) True or False: Email addresses should be obtained directly from consumers along with their permission to email them promotional messages.
A website’s success is measured by how well is a drives conversion.
True, Your mobile digital footprint is much larger than your desktop digital footprint.True, Your mobile digital footprint is much larger than your desktop digital footprint.
The success of a website is determined by how well it achieves business objectives. When users go online, their digital footprint is left behind. Digital footprints are classified into two types: passive and active. A passive footprint is created when information is collected from a user without the user's knowledge. A digital footprint, also known as a digital dossier, is a body of data that exists as a result of online actions and communications that can be traced back to an individual.
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Contribution margin
O equals sales revenue minus variable costs.
O is always the same as gross profit margin.
O excludes variable selling costs from its calculation.
O is calculated by subtracting total manufacturing costs per unit from sales revenue per unit.
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D is the right response. Revenue from sales less variable costs is the contribution margin.
The sales price less the variable costs per product is the contribution margin in the economy. It is the profit margin per product that is left over after covering (paying) the fixed expenses.
Contribution margin is the amount of income that remains after an organization has paid for the variable costs necessary to produce that revenue.
It is a crucial component of a company since it in some way illustrates its capacity to cover fixed costs like interest and other expenses.
It's critical for an entrepreneur that all production costs are paid.
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Choose the best example of employee engagement. Multiple Choice Dwight enjoys his job and has promoted the organization's goals. Courtney meets all the individual and company goals set by management. Branimir participates in team activities but frequently misses short-term goals. Ciril believes in the organization's goals but misses a lot of work because of family obligations.
Option 1 is Correct. The best illustration of employee engagement is Dwight, who has pushed the objectives of the company while still enjoying his work.
The concept of employee engagement in human resources (HR) refers to how enthusiastic and committed an employee is to their work. Employees that are engaged are concerned about their work and the success of the organization and believe that their contributions matter. Employee engagement is described by Gallup as workers' interest in and excitement for their jobs and workplace.
You may monitor and manage employee perspectives on the critical components of your workplace culture with the aid of employee engagement. Employee engagement may be described as the degree to which workers like their jobs, feel loyal to their employers, and are driven to give their all for the good of both the organization and themselves.
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Correct Question:
Choose the best example of employee engagement. Multiple Choice:
1. Dwight enjoys his job and has promoted the organization’s goals.
2. Courtney meets all the individual and company goals set by management.
3. Ciril believes in the organization’s goals but misses a lot of work because of family obligations.
4. Branimir participates in team activities but frequently misses short-term goals.
g which of the following is the best example of a quota? a. a subsidy from the u.s. government to domestic manufacturers of men's suits so they can compete more effectively with foreign producers of men's suits b. a limit imposed on the number of men's suits that can be imported from a foreign country c. a $100-per-car fee imposed on all small imported cars d. a tax placed on all small cars sold in the domestic market
A $100-per-car fee imposed on all small imported cars is the best example of a quota.
Which of the following quota examples is the best?The finest illustration of a quota is a $100 levy per car placed on all small imported autos.An import or export quota limits the movement of certain items. The fee of $100 per car levied on all tiny imported cars is the greatest illustration of a quota. This prohibition on auto imports seeks to restrict the quantity of vehicles that can reach the domestic market.Additionally, quotas might be utilised to defend homegrown producers. For instance, restricting the quantity of men's suits that can be imported from outside would shield native manufacturers of men's suits from international competitors.Similarly, domestic automakers may be given a subsidy in the form of a tax on all small cars sold on the home market, enabling them to compete more successfully with foreign automakers.The finest illustration of a quota is a tax imposed on all small imported vehicles. A quota is a restriction on the import or export of products. Limiting the amount of foreign items that can be imported is another way that quotas can be utilised to protect home companies.To learn more about the best example of a quota refer to:
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. anna is about to buy a house on a hill. prior to the purchase, she obtains a promise from betty, the owner of the adjacent property, that betty will not build any structure that would block anna's view. in reliance on this promise, anna buys the house. is betty's promise binding? why or why not?
In a case whereby Anna is about to buy a house on a hill. prior to the purchase, she obtains a promise from betty, the owner of the adjacent property, that betty will not build any structure that would block anna's view in thois situation, IBetty's promise is not binding and there is no contract.
What is a contract ?A contract can be regarded as the legally enforceable agreement between two or more parties which help to defines, and governs mutual rights between them.
It should be noted that the essential elements of a contract such as consideration, legality & legal capacity is lacking in the case above hence IBetty's promise is not binding and there is no contract.
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What are 3 risks of being an entrepreneur?
To turn an idea into reality, every business endeavor needs money. Therefore, finding funding is a significant risk for business owners.
What does the term "entrepreneur" mean?Entrepreneur: "A person who establishes a company and is prepared to take financial risks in order to succeed." The word "entrepreneur" is defined as follows by Merriam-Webster. But isn't it a lot more than that? It is all about zeal. It involves spotting chances and coming up with unique and creative ideas.
Who is a "entrepreneur"?A person who spots a need and market and works to fill it is called an entrepreneur. The word has typically been used to describe a person who begins a business because they sense an economic opportunity in being able to meet a specified need.
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Is Kanban incremental?
Software can be created with Kanban in a single, extensive continuous development cycle. Although this, Kanban is a good example of an agile methodology since, despite not being iterative, it is incremental and satisfies all twelve of the Agile Manifesto's principles.
Iterations are there in Kanban?
On the other hand, Kanban doesn't use predetermined iterations. Teams work continually instead, utilizing iterations like objectives or releases that are longer than a week.What three components make up the Kanban framework?
The three steps of a simple kanban board are To Do, In Progress, and Done. The workflow can be mapped to match the particular procedure of any given team, based on the size, makeup, and goals of the team.
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evie is considering purchasing the stock of pepsi cola because he really loves the taste of pepsi. what should evie be willing to pay for pepsi today if it is expected to pay a $2 dividend in one year and he expects dividends to grow at 5 percent indefinitely? evie requires a 12 percent return to make this investment
The evie irequires a 12 percent return to make this investment is $28.57
How to find percentage ?A value or ratio that may be stated as a fraction of 100 is referred to as a percentage in mathematics. If we need to calculate a percentage of a number, we should divide it by its entirety and then multiply it by 100. The proportion therefore refers to a component per hundred. Per 100 is what the word percent means. The letter "%" stands for it. We must apply a different formula, like the one shown below, to determine the percentage of a number.X Equals P% of Numberwhere X represents the necessary %.If the % symbol is removed, the formulas above must be expressed as;X = P/100 * NumberTo learn more about percentage refer to:
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What are the 5 ways to recycle?
Reuse Your Plastic Coffee Creamer Containers for Snack Storage, Make a Plastic Bottle Planter, Start a Herb Garden With Empty 2-Liter Bottles , Make a Beach Bucket From Laundry Detergent Containers and Reuse Soda Bottles by Creating a Vertical Garden.
Why is recycling good for the environment?Recycling reduces the amount of waste that ends up in landfills, as is well known, but it also prevents pollution from being produced when a raw material is used to create a new product, which reduces the amount of energy and natural resources that are required in production.
Why recycling is crucial is straightforward.Recycling lessens the need for obtaining raw materials through mine, quarrying, and logging, as well as their further refinement and processing, all of which result in significant air and water pollution. Recycling helps combat climate change because it cuts greenhouse gas emissions and saves electricity.
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question content area disposal of fixed asset equipment acquired on january 6 at a cost of $400,200 has an estimated useful life of 10 years and an estimated residual value of $52,200. question content area a. what was the annual amount of depreciation for years 1-3 using the straight-line method of depreciation?
The actual sum of depreciation and amortization attributed to a particular asset since the asset is put into use is known as accumulated depreciation.
Which asset do you mean?An investment is something that has both current and potential value. An asset, such as a machine or equipment, a financial instrument, or a patent, can frequently produce cash flows over time. Homes, cars, investments, works of art, and household goods are examples of personal property.
Is a property a liability or an asset?A residence still belongs in the asset category according to the financial criteria of an asset and a liability. Consequently, it's crucial to always consider your property and mortgage as two independent businesses (an asset and a liability, respectively). In the end, your home is where you live.
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What should leaders do to exercise effective stress management? Multiple Choice They need to identify what is causing the stress. They should ignore the stress and focus on something else. They should write the stress down and then think about how to solve it. They should talk about the stress with someone else.
Leaders need to identify what is causing the stress to exercise effective stress management. The correct answer is the first option.
The very first step in stress management for a leader is identifying the root cause. It is about identifying the stress triggers which a leader may have been afraid to acknowledge. A leader may be focused about issues either within or outside the workplace.
What is stress management?Stress management is a set of techniques and psychotherapies purposed at controlling a person's level of stress, especially chronic stress, generally for the purpose of and for the motive of upgrading everyday functioning.
Stress management provides a range of strategies to assist you better deal with stress and difficulty or adversity in life. Stress is an inevitable physical, mental and emotional reaction to a challenging event. Effective stress management assists us break the hold stress has on our life, so we can be happier, healthier, and more productive.
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What is the difference between data analysis and data analytics write the life cycle of data analytics?
Enterprises employ data analytics, a classic or general sort of analytics, to make data-driven choices. Businesses utilise data analysis, a specialised form of analytics, to assess data and derive insights.
It often entails data collecting and examination and has one or more users. Enterprises employ data analytics, a classic or general sort of analytics, to make data-driven choices. Businesses utilise data analysis, a specialised form of analytics, to assess data and derive insights. It often entails data collecting and examination and has one or more users. The Data Analytics Lifecycle outlines the process for creating, gathering, processing, using, and analysing data in order to accomplish business objectives.
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if the cost of the beginning work in process inventory is $63,000, direct materials cost is $353,000, direct labor cost is $219,000, and overhead cost is $322,000, and the ending work in process inventory is $58,000, calculate the cost of goods manufactured.
Cost of goods manufactured = Beginning WIP + Costs added - Ending WIP
= 56,000+346,000+212,000+315,000-51,000
=$878,000. Hence, option D is appropriate.
What is the WIP?
The terms "work in process,"(WIP) "work in progress," "goods in process," and "in-process inventory" all relate to the worth of an industry's partially finished goods that are awaiting completion and potential sales. WIP is a vital input for computing inventory on even a company's balance sheet and is utilized in supply chain management.
You would need to manually count each object and calculate the valuation to determine the WIP correctly. Fortunately, you can calculate a precise estimate using the work-in-process formula. The formula is: Ending WIP Inventory = Starting WIP Inventory + Manufacturing Costs - COGM.
Hence, option D is correct.
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Full Question:-
If the cost of the beginning work in process inventory is $56,000, direct materials cost is $346,000, Direct labor cost is $212,000, Overhead cost is $315,000, and the Ending work in process inventory is $51,000, Calculate the cost of goods manufactured:
a) $980,000.
b) $563,000.
c) $873,000.
d) $878,000.
e) $929,000.
g what effect does expansionary fiscal policy have on aggregate demand? group of answer choices it shifts the aggregate demand curve outward. it causes an upward movement along the aggregate demand curve. it shifts the aggregate demand curve inward. it causes a downward movement along the aggregate demand curve.
An upward movement on the aggregate demand curve means moving to a point on the same curve at which prices are higher and the quantity demanded is lower.
What is aggregate demand curve?The total of consumption, investment, government purchases, and net exports at each price level in every period is represented by the aggregate demand curve. Due to the wealth effect on consumption, the interest rate effect on investment, and the impact of global commerce on net exports, it slopes downward.As a result, the term "aggregate demand" is also used to refer to the total demand for all individual commodities and services. Aggregate supply is the term used to describe the total supply of all separate commodities and services.All final items and services' prices are represented on the vertical axis. Either the GDP deflator or the CPI are used to determine the overall price level. The real quantity of all goods and services purchased is represented on the horizontal axis by the real GDP level.To learn more about AD curve refer :
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Which of the following would be prepared first when a merchandising company uses a master budget?
A. Selling and administrative expense budget
B. Budgeted income statement
C. Inventory purchases budget
D. Sales forecast
Sales forecasts would be prepared first when a merchandising company uses a master budget. Hence, option D is appropriate.
What is the meaning of Sales Forecasts?
Sales forecasts are the act of determining how much a sales unit—which can be a single salesperson, a sales team, or an entire company—will sell over the course of the upcoming week, month, quarter, or year.
Sales Forecasts = expected client count x average customer order value is the formula. A novel business strategy For new companies and small startups without any prior data, use this strategy. It makes use of sales projections from a company that offers comparable goods.
Hence, option D is correct.
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What are the three types of income tax systems?
The three types of income tax systems are progressive tax, proportional tax and regressive tax.
What do you mean by 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 in "I have my own small system") and the organization or plan itself (it shares a meaning with the word "method").
A tax that levies a higher percentage of revenue from high-income groups than from low-income groups is referred to as a progressive tax. A proportionate tax is one that deducts the same amount from each income group. Regressive taxes are those that take a greater portion of low-income groups' income than they do from high-income groups.
Regressive taxes, such as property taxes, progressive taxes, like the federal income tax in the United States, and proportional taxes, like occupational taxes, are all examples of taxes. Lower-income people are more negatively impacted by regressive taxation than are wealthier people.
Therefore, progressive tax, proportional tax and regressive tax are the three types of income tax systems.
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Which of the following types of operations control relies heavily on feedback processes?
a. Strategic control
b. Financial control
c. Postaction control
d. Preliminary control
e. Screening control
Screening control is the type of operations control relies heavily on feedback processes.
What is screening or concurrent control?Identifying and stopping issues in an organization as they arise is what concurrent controls entail. This indicates that systems are continuously watched over. All employee behavior is evaluated against the standard as part of concurrent controls, which start with standards. These frequently incorporate quality assurance requirements.
The objective of screening control often referred to as yes/no control or contemporaneous control, is to ensure that requirements for product or service quality or quantity are met throughout the transformation process. To reduce the incidence and/or mortality of a health problem or condition in the population, screening is used to identify individuals in a population of people who appear to be in good health and who are at higher risk of developing the problem or condition.
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you plan to buy a new mercedes four years from now. today, a comparable car costs $82,500. you expect the price of the car to increase by 4.8% per year over the next four years. how much will your dream car cost by the time you are ready to buy it?
Answer:
$98,340.00
Explanation:
(Current price)$82500.00x 4.8% (Rate ach year)= $3960 (each year for 4 years)
$3960+$3960+$3960+$3960=$15840
$82500+$15840=$98340
Can a country survive without trading with other countries?
A country survive without trading with other countries. No u.s.a. in the world is self-sufficient in all its needs. Goods produced with the aid of one u.s.a. are required through the other and vice versa.
Hence differences in resources, wants and improvement amongst international locations create prerequisites for global alternate between them.
What would happen if countries did now not exchange with each other?Trade lets in economies to specialize and hence they can produce greater goods. The preferred of existence would fall extensively throughout the world and many people would fall into poverty.
Is it important to trade with other countries?Trade is imperative to America's prosperity - fueling monetary growth, assisting good jobs at home, elevating residing standards and supporting Americans grant for their families with low cost items and services.
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Pension plans and state income taxes seem to be the third and fourth largest revenue sources for states, respectively.
What are the sources of revenue for states?Sales and income taxes generate the vast majority of the state's tax revenue.Sales taxes, property taxes, and federal funds transferred to state and municipal governments are their primary sources of revenue. State and local governments collect corporate taxes.It should be noted that a tax is simply a levy paid to the government by individuals and businesses.Income and sales taxes account for the majority of total state tax revenue, while property taxes are the primary source of revenue for local governments, including school districts.State and local governments collect property taxes, sales taxes, and income taxes. Despite the fact that income and sales taxes account for the vast majority of state tax revenue, local governments, including school districts, rely heavily on property taxes for revenue.To learn more about sources of revenue refer to :
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if a fixed asset, such as a computer, were purchased on january 1 for $2,072 with an estimated life of 4 years and a salvage or residual value of $179, the journal entry for monthly expense under straight-line depreciation is a. account debit credit accumulated depreciation 39.44 depreciation expense 39.44 b. account debit credit depreciation expense 39.44 accumulated depreciation 39.44 c. account debit credit accumulated depreciation 473.25 depreciation expense 473.25 d. account debit credit depreciation expense 473.25 accumulated depreciation 473.25
The journal entry for the depreciation under the straight - line method, on a monthly basis, will be a. account debit credit accumulated depreciation 39.44 depreciation expense 39.44
How to find the depreciation ?Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The amount that can be depreciated, or the depreciable basis, is the outcome. Subtract this sum from the asset's useful life, which is measured in years.
The annual straight-line depreciation on this fixed asset would therefore be:
= ( Purchase price - Residual value ) / Estimated useful life
= ( 2, 072 - 179 ) / 4
= $ 473 .25
The monthly depreciation is:
= 473. 25 / 12
= $ 39. 44
This would be debited to the depreciation expense account and then credited to accumulated depreciation.
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What are the 4 types of indicators?
How many steps of classification are there?
There are seven types of the business classification that exists in an economy.
What is classification?A system of economic taxonomies known as product taxonomy or product categorization is used to classify products. However, references to not just things but also sales strategies in the form of "Incoterms" and industries that may be divided into subcategories can be made in a standard manner. A system of economic taxonomies known as product taxonomy or product categorization is used to classify products. However, references to not just things but also sales strategies in the form of "Incoterms" and industries that may be divided into subcategories can be made in a standard manner. Buildings are classified into many categories according to their type using the Classification of Types of Construction (CC) nomenclature.
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