El tapitio purchased restaurant furniture on september 1, 2018, for $45,000. residual value at the end of an estimated 10-year service life is expected to be $6,000. calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a december 31 year-end.
The depreciation expense for 2018 and 2019 using the straight-line method is $3,900.
Explanation:To calculate the depreciation expense for 2018 and 2019 using the straight-line method, we need to determine the annual depreciation amount. The formula for straight-line depreciation is:
Depreciation Expense = (Cost of the Asset - Residual Value) / Useful Life
In this case, the cost of the furniture is $45,000, the residual value at the end of the 10-year service life is $6,000, and the useful life is 10 years. Plugging in these values, we can calculate the annual depreciation expense:
Depreciation Expense = ($45,000 - $6,000) / 10 = $3,900
Therefore, the depreciation expense for 2018 and 2019 is both $3,900.
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Molly is getting ready to file her tax return. She works and has a savings account. What tax forms does she need?
1099 form
W-2 form, a withholding allowance worksheet, and a Social Security form
W-2 form from her employer, tax forms from the bank, and a tax return form
W-4 form
Answer: C. W-2 form from her employer, tax forms from the bank and a tax return form
Explanation:
A textile mill has separate departments for spinning, weaving, dying, and printing. the outputs of one department become the inputs for the next department. this describes departmentalization based upon ________.a.divisionb.productc.customerd.geographye.process
__________ is most closely related to the division of labor within an organization.
Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson’s Mortgagers Inc. to arrange for the financing needed for their home. This process of arranging with a mortgage lender in advance of buying a home is called _____.
The answer is prequalification. This is a process or arranging with a mortgage lender in means of buying a home. It is an initial step and an essential step of having to manage and organize the financial needs that you need in order to buy a home.
Stacy is trying to find a parking spot in a busy parking lot. she sees an open space and heads toward it, but before she can pull in, a car cuts her off, zooms into the space, and nearly causes an accident. during this time, stacey's heart begins racing, and a moment later she realizes she must be angry. which theory best explains her reaction?
On september 1, ziegler corporation had 52,000 shares of $5 par value common stock, and $156,000 of retained earnings. on that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. the general journal entry to record this transaction is:
No entry is made
Only memorandum is recorded that as a result of stock split number of shares outstanding is increased from 50,000 shares to 100,000 shares [50000*2/1] and the par value of shares is decrease to $ 2.5 [5*1/2 ] per share
This is because stock split does not affect the balance of any account.
Unskilled workers in a poor cotton-growing region must choose between working in a factory for $6,000 a year and being a tenant cotton farmer. one farmer can work a 120-acre farm, which rents for $10,000 a year. such farms yield $20,000 worth of cotton each year. the total nonlabor cost of producing and marketing the cotton is $4,000 a year. a local politician whose motto is "working people come first" has promised that if he is elected, his administration will fund a fertilizer, irrigation, and marketing scheme that will triple cotton yields on tenant farms at no charge to tenant farmers
There are two questions regarding here but it is not included in the question.
For the first question, it asks about how the project would affect the incomes of tenant farmers in the short and long run.
A cotton farmer would generate a short-run economic income of $60,000 revenue deducted by $10,000 rent, $4,000 marketing cost, $6,000 opportunity cost, resulting to $40,000/yr. In the long run, factory workers would want to transfer into cotton farming, and would thus offer up the rent on cotton farms. The rent would endure to grow until it grasped $50,000 per farm. At that idea the enticement to leave a factory job would no longer happen, because cotton farmers would again be generating zero economic profit.
For the second question, who would gain the advantage of the arrangement in the long run? How much would they achieve each year?
The answer is the landowners. Their revenue would grow by $40,000/yr. per 120-acre plot
Joneen owns a farm. in a signed writing, joneen gave sue the irrevocable right to use a road on his farm so that sue could more easily reach her own property. what kind of interest in land did joneen give to sue?
Your friend currently works as an accountant in a public accounting firm in a small town called stillwater in minnesota. he is offered a job in new york city with a salary of $95,000. your friend calls you and tells you that he is excited about the new job offer, which gives him a raise from his current salary of $50,000. based on your knowledge of economics, you think that your friend has
Your friend has received a 90% raise with the new job offer.
Explanation:Based on my knowledge of economics, I think your friend has received a significant raise with the new job offer. Here's why:
The current salary of $50,000 and the new salary of $95,000 show a difference of $45,000. This means your friend is getting a raise of $45,000.
The percentage increase in salary can be calculated using the formula: (Increase in salary/original salary) * 100%. In this case, that would be ($45,000/$50,000) × 100% = 90%. Therefore, your friend has received a 90% raise.
The panic of 1819:
a. resulted partly from an upsurge in european demand for american farm products that the united states was unprepared to meet.
b. led to impossibly high prices for western lands.
c. enhanced trust in banks because they did such a good job of weathering the economic storm.
d. prompted some states to suspend debt collections, which helped debtors but hurt creditors.
e. inspired john marshall's decision against the banking power in gibbons v. ogden.
The panic of 1819 is d. prompted some states to suspend debt collections, which helped debtors but hurt creditors.
What the panic of 1819?The Panic of 1819 was a financial crisis that occurred in the United States. It was caused by a combination of factors, including the end of the Napoleonic Wars in Europe, which led to a decrease in demand for American goods and a decline in agricultural prices. This, in turn, put pressure on farmers and led to widespread debt and foreclosure.
To alleviate the financial strain on debtors, some states enacted laws to suspend debt collections, which provided temporary relief for debtors but negatively affected creditors. This measure was one of the responses to the economic crisis during the Panic of 1819.
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Jacob is an accounting clerk whose favorite phrase is "whatever the boss wants." jacob will do whatever his boss requests, without thinking about problems that may arise. around the office, jacob is known as the ultimate yes man
Jacob is an example of a conformist follower. These kind of followers are also known as the yes people. The explanation behind this is a conformist contributes enthusiastically in a relationship with the boss but doesn't use critical thinking abilities. In other words, a conformist naturally transmits out any and all orders notwithstanding of the environment of the demand. The conformist contributes willingly, but without seeing the costs of what he or she is being requested to do. A conformist is worried only with evading conflict.
2. Using the normal curve table, determine the area of the standard normal distribution that is less than the following z-scores:
a. z = .30
b. z = 1.75
c. z = 2.42
d. z = −.68
e. z = −1.11
I need to see the answer and the formula doing this
When starbucks asks its social media users to suggest new drink varieties and to comment on new drinks that are being market tested, it is employing the?
What is a reason that owning a sole proprietorship business can be risky?
A. You cannot hire employees.
B. You have limited decision-making capabilities.
C. You cannot keep your profit.
D. There are limited financial resources.
Answer:
D. there are limited financial resources
Close-ended questions are typically used to: determine customer needs. uncover background data. gather a lot of information. get one-syllable answers.
The answer is to get one syllable answer. Close-ended questions are questions that you can answer with only just a simple yes or no. While open-end questions start a number of details and are used to search for considerable amounts of information and opening up exchange of ideas like gather information, uncover background data, and to determine customer needs.
The yoga class meets twice a week.
On Tuesdays, the ratio of men to women is 1:6.
On Thursdays, the ratio of men to women is 2:11.
On which day the ratio of women higher at the yoga class?
The ratio of women would be higher on Tuesdays in the yoga class. It is achieved by analyzing the ratios of Tuesday and Thursday by first converting them into fractions for evaluating the values.
Given information:
The ratio of men to women on Tuesday is 1:6.
The ratio of men to women on Thursday is 2:11.
Firstly, convert the ratios into fractions. Thus, the fraction on Tuesday would be, [tex]\frac{1}{6}[/tex] and on Thursday would be, [tex]\frac{2}{11}[/tex].
Now, we have to equalize the denominator of both fractions above. To equalize the denominator of the fractions in operation the method most commonly used is by taking the least common multiple of the denominators. Hence, the LCM of 6 and 11 is 66.
Therefore the fraction for Tuesday would be;
[tex]\frac{1*11}{6*11} \\=\frac{11}{66}[/tex]
Similarly, the fraction for Thursday would be;
[tex]\frac{2*6}{11*6} \\=\frac{12}{66}[/tex]
Make sure to not only multiply the bases of fractions but the nominators too in order to balance the fractions. Hence, by comparing the fraction on Tuesday there would be more women as 11 is less than 12.
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Ctrl+_______ selects the last cell with data.
Answer:
an arrow key
Explanation:
The ceo of big wheel automotive is concerned about declining sales. he has identified his research problem as the fact that his competitors are drawing away his business. he purchases access to j.d. power's automobile rankings to learn about possible reasons for the shift in consumer purchasing. he is using _________ for secondary data about his research problem.
The CEO of Big Wheel Automotive is using market research organizations for secondary data about the research problem that he is experiencing. The market research is a way of having to gather information in which is helpful for an organization or business in order to improve their own and a way of having to target their consumers.
Perfect summer weather increases farm output by 30%. in the short run, this can be expected to __________ the price level and __________ real wealth.
If the government imposes a minimum wage of $4, how many workers will be employed?
If the government imposes a minimum wage of $4, then workers
that will be
employed
are 3000. The
destiny of the long term jobless people is seemingly the most prompt social and
monetary test confronting the U.S. today. A $4 minimum wage can get people back
to work.
Provide the iupac name for this diethyldimethylhexane :
The provided example, '3-ethyl-2,2-dimethylheptane', is named by identifying the longest carbon chain (heptane) and the substituents' positions and types (ethyl and methyl groups at specific carbon atoms).
Explanation:The question pertains to the naming of a hydrocarbon using the International Union of Pure and Applied Chemistry (IUPAC) conventions. The reference provided in the question seems to be incorrect as the given description 'diethyldimethylhexane' does not align with the examples listed. However, if we consider a molecule with a similar structure such as '3-ethyl-2,2-dimethylheptane', the correct IUPAC naming approach includes identifying the longest carbon chain and then designating the substituents with their positions on this chain.
For instance, if we take the molecule '3-ethyl-2,2-dimethylheptane' as an example:
The longest carbon chain has seven carbons, hence 'heptane'.There are two methyl groups (each one carbon) at the second carbon, hence 'dimethyl'.There's an ethyl group (two carbons) at the third carbon, hence 'ethyl'.Therefore, considering the positions and alphabetical order, the IUPAC name is 3-ethyl-2,2-dimethylheptane.
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Promoting high-calorie/low-nutrient foods with inadequate information about the risks is a(n) _____ practice.
Joel has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 13 calories per minute, handball uses 11 calories per minute and cycling uses 14 calories per minute. joel jogs as long as he cycles. how long should joel participate in each of these activities in order to use 700 calories? find the number of minutes for playing handball.
Jack and jill have just had their first child. if college is expected to cost $180 comma 000180,000 per year in 1818 years, how much should the couple begin depositing annually at the end of each year to accumulate enough funds to pay the first year's tuition at the beginning of the 19th year? assume that they can earn an annual rate of return of 66% on their investment.
Final answer:
Jack and Jill need to calculate their annual deposits to fund their child's college tuition using the future value of an annuity formula, adjusted for a realistic annual rate of return. However, the provided interest rate seems to be a typo.
Explanation:
The question relates to the calculation of annual deposits needed to accumulate enough funds to pay for one year of college tuition in the future, assuming a certain rate of return. To find the amount Jack and Jill must deposit annually, we use the formula for the future value of an annuity:
Future Value = PMT * [tex](((1 + r)^n - 1) / r)[/tex], where PMT is the annual payment, r is the annual interest rate, and n is the number of years.Given that college is expected to cost $180,000 in 18 years, with an annual rate of return of 6%, we can rearrange the formula to solve for PMT (annual deposit). However, without running the exact calculation (as the question contains a typo indicating an unrealistic interest rate of 66%), it's crucial to note that a more reasonable rate would significantly affect the annual amount needed to reach the future value of $180,000. Financial planning for education requires careful consideration of expected returns and inflation rates to ensure enough funds are available when needed.
Carmex moisture plus is priced between $2.49 and $2.99, a high price compared to the $0.99 carmex tube. carmex managers estimated that female consumers would be willing to pay more for the sleek packaging, benefits, and additional ingredients found in the moisture plus line and set the price accordingly. which demand-oriented approach is best reflected in the price of the moisture plus line?
"at a certain driver's license testing station only 40% of all new drivers pass the behind-the-wheel test the first time they take it. a sample of 50 new drivers from a certain high school found that 36% of them had passed the test the first time. which of these numbers is a statistic?"
True or false: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden.
It's false that firms with higher profits should bear the largest burden of reducing pollution. Instead, pollution reduction is most efficient when it happens where it is cheapest to do so, which can apply to any firm, regardless of profit. A pollution tax typically facilitates this.
Explanation:The statement that it's efficient for firms with highest profit to bear the largest burden of reducing pollution and firms with lowest profit to bear the least burden is false. In reality, the burden of reducing pollution effectively falls on firms that can do so at the least cost. A pollution tax is a common solution, where firms that can reduce pollution cheaply will do so to minimize their pollution taxes. However, firms that would incur high costs for reducing pollution will choose to pay the pollution tax instead. These policies lead to reductions of pollution where it is most cost-effective to do so, regardless of a firm's profit level.
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Trevor Williams’ bank calculates interest daily. At an APR of 3%, how much simple interest does $2,000 earn in twelve days?
To calculate Trevors' interest amount in twelve days use the following formula
Prt = I
Principal = $2,000
Rate = 0.03
Time = 12/365
Interest = ?
($2,000)(0.03)(12/365) = I
I = $1.97
Larry has booked a hotel room for a conference at a rate of $100 per day for five days. when he arrives to check in, larry is told that the hotel was overbooked and it cannot supply him with a room. larry is forced to go to the only hotel in town with available rooms and pay $150 per night. if larry sues the original hotel for damages and wins