Answer:
unspoken rule
Explanation:
unspoken rule - it is referred to that rules that are unwritten which need to be understood by examining the environment. These are considered behavioral constraints that are unwritten.
some example of unspoken rules are
-mobile phone - it should be on silent while working hour
- smoking is prohibited at workplace
In a simple way unspoken rules are rules that are not written but should be followed strictly in the organization.
Informal norms are the unspoken rules that dictate the culture and social behavior within a workplace, learned through observation and socialization.
Explanation:The informal codes of conduct followed by Software Solutions employees are known as informal norms. These are the unspoken rules that dictate the culture and social behavior within the workplace. Unlike formal norms, which are written and officially sanctioned, informal norms are learned through observation, imitation, and socialization. Observing the behavior of others and then conforming to these unwritten rules is crucial for new employees to fit into the company's informal organization. Examples of informal norms at Software Solutions include dressing casually, playing pool at lunch, and bringing children to work, which define the company's relaxed and family-friendly atmosphere.
Cash flows from operating activities
A. Must be presented using the direct method of disclosure.
B. Must be presented using the indirect method of disclosure.
C. Should be presented using the direct method, but use of the indirect method of disclosure is allowed.
D. Can be presented in any logical format if cash flow per share of common stock is clearly disclosed.
Answer: The correct answer is "C. Should be presented using the direct method, but use of the indirect method of disclosure is allowed.".
Explanation: Cash flows from operating activities should be presented using the direct method, but use of the indirect method of disclosure is allowed.
According to IAS 7, the cash flow statement can be presented by both methods, in which operation, investment and financing activities must be taken into account and differentiated.
Answer:
The correct answer is letter "C": Should be presented using the direct method, but use of the indirect method of disclosure is allowed.
Explanation:
Cash flow from operating activities is a portion of the Statement of Cash Flows that are included after the Balance Sheet and Income Statements in a company's Financial Statements. Cash flow from operating activities shows up in the first portion of the cash flow statement. The cash flow from financial activities demonstrated using the indirect or direct method.
Although Tracith is one of the best supermarkets in the coastal town of Dawntonia, it fails to retain customers. To solve this problem, Edna, the newly appointed marketing manager at Tracith, decides to implement a customer loyalty program. This program would include a membership card and a mobile app that can only be accessed using the membership card number. The mobile app will be enabled to show real-time availability of products at the supermarket.
In the context of managerial roles, which of the following decisional roles is illustrated by Edna in this scenario?
a. The liaison role
b. The entrepreneur role
c. The disseminator role
d. The spokesperson role
Answer:
The answer is B.The entrepreneur role.
Explanation:
Which of the following is true? Group of answer choices The price of gold increases when the economy is stable The DJIA is the cost of capital for U.S companies NASDAQ index focuses on large cap stocks and the energy sector The commodities market is the largest market in the world The 30-yr Treasury yield is the base cost of capital for U.S companies
Answer:
Which of the following is true?
a)The price of gold increases when the economy is stable
b)The DJIA is the cost of capital for U.S companies
c)NASDAQ index focuses on large cap stocks and the energy sector
d)The commodities market is the largest market in the world
e)The 30-yr Treasury yield is the base cost of capital for U.S companies
Answer = E
Explanation:
U.S treasury yield represents the risk free rate demanded by investors because its assumed that U.S is risk free, so for companies in the U.S looking for capital over a long period of time the usual use 30-yr Treasury yield as their cost of capital because its represents what they could have invested their funds in at no risk.
You want to invest $24,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that pays a nominal rate of 6% that is compounded quarterly. What is the effective rate of return that you will earn from this investment
Answer:
6.14%
Explanation:
The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:
[tex]R = (1+\frac{N}{n})^n-1\\R = (1+\frac{0.06}{4})^4-1\\R=0.0614=6.14\%[/tex]
The effective rate of return that you will earn from this investment is 6.14%.
*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.
g Declaring bankruptcy by the bond issuing firm ______ . a. has no impact on value of its bonds b. increases the value of its bonds c. decreases the value of its bonds d. makes the value of its bonds worthless
Answer:
c. decreases the value of its bonds
Explanation:
There is a significant decrease in the value of the bond if the firm declares bankruptcy.
1 #inc lude 2 #inc lude 3 #inc lude 4 5 i n t value = 3 2 ; 6 7 i n t main ( ) 8 f 9 p i d t pid ; 10 11 pid = f o r k ( ) ; 12 13 i f ( pid == 0) f /* c h i l d pr o c e s s */ 14 value += 8 ; 15 r e turn 0 ; 16 g 17 e l s e i f ( pid > 0) f /* parent pr o c e s s */ 18 wai t (NULL) ; 19 p r i n t f ( "PARENT: value = %dnn" , value ) ; /* LINE A */ 20 r e turn 0 ; 21 g 22 g
Answer:
Pelvic inflammatory disease (PID) is an infectious and inflammatory disorder of the upper female genital tract, including the uterus, fallopian tubes, and adjacent pelvic structures. Infection and inflammation may spread to the abdomen, including perihepatic structures (Fitz-Hugh−Curtis syndrome). The classic high-risk patient is a menstruating woman younger than 25 years who has multiple sex partners, does not use contraception, and lives in an area with a high prevalence of sexually transmitted disease (STD).
PID is initiated by infection that ascends from the vagina and cervix into the upper genital tract. Chlamydia trachomatis is the predominant sexually transmitted organism associated with PID
Explanation:
On January 16, Tree Co. paid $60,000 in property taxes on its factory for the current calendar year. On April 2, Tree paid $240,000 for unanticipated major repairs to its factory equipment. The repairs will benefit operations for the remainder of the calendar year.
What amount of these expenses should Tree include in its third-quarter interim financial statements for the 3 months ended September 30?
A. $95,000 B. $75,000 C. $0 D. $15,000
Answer:
A. $95,000
Explanation:
60,000 will be property taxes for an entire year
we just need to calcualte expense from July to September thus:
60,000 x 3 months / 12 months = 15,000
The repairs are also distributed among the periods to not put the entire weight in a month or quarter:
240,000 x 3 / 9 months outstanding = 80,000
total amount of expenses for the period July - September:
15,000 property tax expense+ 80,000 repair expense= 95,000
Final answer:
Tree Co. should include $15,000 for property tax and $60,000 for major repairs in its third-quarter interim financial statements, totaling $75,000 (Option B).
Explanation:
To determine the expenses Tree Co. should include in its third-quarter interim financial statements, we need to allocate the proper amounts of the paid property taxes and the repairs to the factory equipment over the relevant periods.
Property Tax Allocation: The annual property tax paid was $60,000. Since this is for the current calendar year, it should be allocated equally across all four quarters. Therefore, for one quarter, the expense would be $60,000 divided by 4, which equals $15,000.
Repairs Expense Allocation: The major repairs costing $240,000 are expected to benefit the operations for the remainder of the calendar year. Since these repairs were made on April 2 and are to benefit for the 9 remaining months, we would take $240,000 and divide it by the 12-month calendar period to determine the monthly rate, then multiply by the number of months in Q3 (July, August, and September). This calculation gives us a quarterly allocation of repairs expense of $60,000.
The total amount of both expenses to be included in the third-quarter interim financial statements is $15,000 for property taxes + $60,000 for repairs, which yields $75,000.
Thus, the correct answer to include in the third-quarter interim financial statements is Option B: $75,000.
On October 15, 2018, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business use asset Jon acquired in 2018. He used the car 80% of the time for business and 20% for personal use. Jon used the regular MACRS method and does not claim any expense under § 179 or additional first-year depreciation. If required, round your answers to the nearest dollar. Click here to access Exhibit 8.4 and Exhibit 8.5 of the textbook. Click here to access the limits for certain automobiles. a. Is the car eligible for additional first-year depreciation? Yes b. What MACRS convention applies to the new car? Mid-quarter c. Is the automobile considered "listed property"? Yes d. Does the automobile satisfy the "predominantly used for business" definition? Yes e. The total cost recovery deduction Jon may take for 2018 with respect to the car is $
Answer: Total deduction= $2,528
Explanation:
25000*0.2*0.8=4,000
Auto maximum = $3,160
Total deduction = 3,160*0.8
Total deduction= $2,528
On January 1, 2021, Yancey, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Holt Warehouse Company. Collectibility of lease payments is reasonably predictable and no important uncertainties surround the amount of costs yet to be incurred by the lessor. The following information pertains to this lease agreement.(a) The agreement requires equal rental payments at the beginning each year.(b) The fair value of the building on January 1, 2021 is $6,000,000; however, the book value to Holt is $4,950,000.(c) The building has an estimated economic life of 10 years, with no residual value. Yancey depreciates similar buildings using the straight-line method.(d) At the termination of the lease, the title to the building will be transferred to the lessee.(e) Yancey’s incremental borrowing rate is 11% per year. Holt Warehouse Co. set the annual rental to insure a 10% rate of return. The implicit rate of the lessor is known by Yancey, Inc.(f) The yearly rental payment includes $15,000 of executory costs related to taxes on the property.
This is a direct financing lease agreement, as the lessee takes on the title at termination of the lease and the lease payments are reliably collectible. The lessee should use the lesser's implicit rate for lease accounting, and the executory costs should be excluded from the yearly rental payments in calculations.
Explanation:This situation describes a direct financing lease, a form of lease agreement in which the lessor is not the manufacturer or dealer of the asset, in this case a storage building, but a finance company. The question involves the financial principles that apply to leasing arrangements in the business field, specifically accounting and finance.
In a direct financing lease, the title of the property transfers to the lessee (in this case, Yancey, Inc.) at the end of the lease term. Furthermore, the collectibility of lease payments is reasonably predictable and there are no important uncertainties surrounding the costs that the lessor (Holt Warehouse Company) has yet to incur, indicating that this is likely a direct financing lease.
Given that Yancey's incremental borrowing rate (11%) is higher than the implicit rate of the lessor (10%) and Yancey is aware of the lessor's implicit rate, it should use the lessor's rate to account for the lease. Yancey would also subtract the executory cost related to taxes ($15,000) from the total yearly rental payments in their calculation because those are not a part of the lease payments.
Learn more about Direct Financing Lease here:https://brainly.com/question/28240376
#SPJ12
Spot Construction builds roads, bridges, and other infrastructure. The following is the budget for a road project along with the actual results (in thousands of dollars) for the last fifteen months. Budget Actual Month Cost %Complete Cost %Complete 0 $ 0 0.0 % $ 0 0.0 % 1 $ 510 5.0 % $ 700 5.5 % 2 $ 1,020 10.0 % $ 1,160 11.2 % 3 $ 1,530 15.0 % $ 1,820 13.4 % 4 $ 2,040 20.0 % $ 2,270 21.6 % 5 $ 2,550 25.0 % $ 2,810 27.5 % 6 $ 3,060 30.0 % $ 3,190 34.0 % 7 $ 3,570 35.0 % $ 3,870 36.5 % 8 $ 4,080 40.0 % $ 4,200 45.0 % 9 $ 4,590 45.0 % $ 4,710 48.8 % 10 $ 5,100 50.0 % $ 5,400 53.4 % 11 $ 5,610 55.0 % $ 5,920 56.7 % 12 $ 6,120 60.0 % $ 6,300 62.3 % At this time, what is the current cost over (under) run on the project?
Final answer:
The current cost over (under) run on the Spot Construction road project is $180,000, calculated by subtracting the budgeted cost from the actual cost as of month 12.
Explanation:
To determine the current cost over (under) run on the Spot Construction road project, we need to compare the actual cost to the budgeted cost as of the most recent month available, which is month 12 in the provided data. The actual cost at month 12 is $6,300,000 (since the values are in thousands of dollars), and the budgeted cost for the same period is $6,120,000. To find the cost overrun, we subtract the budgeted cost from the actual cost.
Actual Cost - Budgeted Cost = Cost Over (Under) Run
$6,300,000 - $6,120,000 = $180,000
Therefore, the project is currently experiencing a cost overrun of $180,000.
Final answer:
The current cost over (under) run on the Spot Construction road project is $180,000, calculated by subtracting the budgeted cost from the actual cost as of month 12.
Explanation:
To determine the current cost over (under) run on the Spot Construction road project, we need to compare the actual cost to the budgeted cost as of the most recent month available, which is month 12 in the provided data. The actual cost at month 12 is $6,300,000 (since the values are in thousands of dollars), and the budgeted cost for the same period is $6,120,000. To find the cost overrun, we subtract the budgeted cost from the actual cost.
Actual Cost - Budgeted Cost = Cost Over (Under) Run
$6,300,000 - $6,120,000 = $180,000
Therefore, the project is currently experiencing a cost overrun of $180,000.
Final answer:
The current cost over (under) run on the Spot Construction road project is $180,000, calculated by subtracting the budgeted cost from the actual cost as of month 12.
Explanation:
To determine the current cost over (under) run on the Spot Construction road project, we need to compare the actual cost to the budgeted cost as of the most recent month available, which is month 12 in the provided data. The actual cost at month 12 is $6,300,000 (since the values are in thousands of dollars), and the budgeted cost for the same period is $6,120,000. To find the cost overrun, we subtract the budgeted cost from the actual cost.
Actual Cost - Budgeted Cost = Cost Over (Under) Run
$6,300,000 - $6,120,000 = $180,000
Therefore, the project is currently experiencing a cost overrun of $180,000.
Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization?
Answer:
A project is a combination of tasks that need to be finished to reach a specific, bigger goal. Since project tasks are not to be confused with the daily schedule of work, this is what differentiates a project from the routine tasks:
- defined span - while daily tasks are usually continuous by nature, project tasks are set in a specific time frame
- project life cycle - similar to the life cycle of a product, a project follows a similar curve that symbolizes the birth of the project, its maturity stage and its decline
- defined goal/objective - the completion of a project and its tasks has to be indicated by reaching a specific goal
- cross-department teams - project teams usually involve people from more business departments (marketing, HR, R&D...)
- allocated resources - while daily, continuous tasks usually source resources (financial, human...) from the firm directly, a project usually has a specifically assigned amount of allocated resources
A project is a temporary endeavor with specific objectives, carried out by a team of people. Five characteristics that differentiate projects from daily operations are their temporary nature, unique deliverables, cross-functional teams, specific objectives, and risk and uncertainty.
Explanation:A project is a temporary endeavor undertaken to create a unique product, service, or result. It has a defined beginning and end, specific objectives, and is carried out by a team of people. Five characteristics that differentiate projects from other functions carried out in daily operations are:
Temporary nature: Projects have a finite duration, whereas daily operations are ongoing and repetitive. Unique deliverables: Projects produce unique outcomes, while daily operations involve routine tasks.
Cross-functional teams: Projects require collaboration across different departments and disciplines, while daily operations are typically carried out within specific functional areas. Specific objectives: Projects have clear goals and objectives, whereas the focus of daily operations is on efficiency and effectiveness.
Risk and uncertainty: Projects involve inherent risks and uncertainties, while daily operations are more predictable due to their repetitive nature.
Learn more about Project here:https://brainly.com/question/32974157
#SPJ3
It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. Consider a currency dealer who makes a market in 5 currencies against the dollar. If he were to supply quotes for each currency in terms of all of the others, how many quotes would he have to provide?
Answer:
It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. If a currency dealer who makes a market in 5 currencies against the dollar. If he were to supply quotes for each currency in terms of all of the others, he would have to provide 30 different quotes. There are 6 total currencies including U.S. dollar, therefore, he would be providing 5 different quotes for one single currency, therefore, to provide quotes for 6 currencies, he would have to provide 30 different quotes as six multiplied by 5 comes 30.
Final answer:
A currency dealer trading 5 currencies against the U.S. dollar needs to provide a total of 16 quotes: 4 direct quotes to the U.S. dollar and 12 cross rate quotes between the other currencies without duplicates.
Explanation:
If a currency dealer makes a market in 5 currencies against the U.S. dollar, to quote each currency in terms of all the others, we need to calculate the number of quotes needed. Since the dealer is quoting against the dollar, each of the other four currencies will have a rate quoted against the dollar, but we also need to provide quotes for each currency in terms of each other. However, we must remember to remove duplicate quotes as the rate from currency A to currency B is the inverse of currency B to currency A. Therefore, the dealer does not need to quote a rate for the U.S. dollar against itself, which leaves us with 4 direct quotes to the U.S. dollar. Then, for the cross rates, we have the remaining 4 currencies that need to be quoted against each other without duplicates.
We can represent this with the formula n(n-1) where n represents the number of currencies excluding the U.S. dollar. So, substituting 4 for n we get 4(4-1) or 4*3 resulting in 12 cross rate quotes. Adding this to the 4 direct quotes gives us a total of 16 quotes a dealer would need to provide.
On January 1, 2017, Bonita Company makes the two following acquisitions. 1. Purchases land having a fair value of $310,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $470,602. 2. Purchases equipment by issuing a 6%, 9-year promissory note having a maturity value of $460,000 (interest payable annually). The company has to pay 11% interest for funds from its bank. (a) Record the two journal entries that should be recorded by Bonita Company for the two purchases on January 1, 2017. (b) Record the interest at the end of the first year on both notes using the effective-interest method.
Answer:
Explanation:
1. JOURNAL ENTRIES
1)
Dr Land 310,000
Cr Discount on Notes Payable 160,602
Cr Notes Payable 470,602
2)
Dr Equipment 332,635
Cr Discount on Notes Payable 127,365
Notes Payable 460,000
Calculation of equipment cost:
{($460,000*0.3909) + ($460,000*6%*5.5370)} = $179,814 + $152821 = $332,635
b)
1)
Dr Interest Expense (310,000*11%) 34,100
Cr Discount on Notes payable 34,100
2)
Dr Interest Expense (332,635*11%) 36,590
Cr Notes payable 8,990
Cr Cash (460,000*6%) 27,600
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,668,500. Unfortunately for the previous owner, he had purchased it in 2008 at a price of $12,700,500. What was his annual rate of return on this sculpture?
Answer:
-0.0246 or -2.46%
Explanation:
The duration 't' of his investment is:
[tex]t= 2015-2008=7\ years[/tex]
The future value ($10,668,500) of an initial investment ($12,700,500) at a rate 'r' for a period of 7 years is given by:
[tex]10,668,500=12,700,500*(1+r)^7\\1+r=\sqrt[7]{\frac{10,668,500}{12,700,500}}\\1+r=0.9754\\r=-0.0246=-2.46\%[/tex]
His annual rate of return was -0.0246 or -2.46%.
*A negative rate of return means that money was lost in this investment
governments are prevented from borrowing unlimited funds through the enforcement of debt limits. explain the concept of a debt limit. How is the concept of borrowing power or debt margin connected to debt limits?
Answer:
The concept of debt limit explains the restrictive power of legislative to impose a limit on the amount of debt an executive can borrow for the state. Debt limit is the authorized maximum amount of debt that government can borrow as legally specified by the legislative. The debt limit is usually expressed as a percentage of nation`s GDP.
The major reason why debt limit is put in place to make sure that government does not place uneconomical future debt burden on the citizens.
For relationship between debt limit and debt margin, the borrowing power of government is measured through the comparison of debt limit with debt margin. Debt margin shows the difference between the debt limit and amount that the government has actual debt.
For example, a government has a debt limit of 25% of its GDP and actual debt of 18% of its GDP. The difference between the two percentages of debt shows the debt margin.
So debt margin serves as a gauging tool for borrowing within the debt limit.
Explanation:
A debt limit is a legislative cap on the amount of money a government can borrow to avoid excessive debt, which, if too high, can reduce financial capital for the private sector and lead to economic issues. The borrowing power or debt margin is the remaining capacity for additional debt a government has before reaching its debt ceiling.
Understanding Debt Limits
A debt limit is a cap set by legislation that limits the amount of money a government is authorized to borrow. This limit is in place to prevent governments from accumulating an unsustainable level of debt that could lead to economic instability or financial crises. When a government spends more than it collects in taxes, it incurs a budget deficit and must borrow to finance this deficit, typically by issuing government bonds. There is a practical limit to this borrowing because households and investors may be unwilling to lend unlimited amounts, especially if they fear the government may not be able to repay the debt.
The borrowing power or debt margin refers to the difference between the current level of a government's debt and its statutory debt limit. This concept is closely connected to debt limits because it reflects the amount of additional borrowing a government can undertake before reaching its debt ceiling. Effective management of the debt margin is crucial to maintain fiscal responsibility, prevent crowding out private sector borrowing, and avoid negative economic consequences such as trade imbalances and increased interest rates.
It is important to consider that while a government can borrow to finance deficits, over time, total government spending must align with revenue to maintain fiscal sustainability. High levels of long-run government debt can limit future government actions and be difficult to pay down due to the challenges in making the necessary fiscal policy adjustments.
Which of the following is a non-cash expense? Multiple Choice Cost of Goods Sold. Salaries. Office Supplies. Depreciation. Interest expense.
Answer:
Depreciation
Explanation:
Depreciation is a non-cash expense because it refers to a depletion of value of fixed assets with the passage of time. For this kind of expense no real money will be going out. Whereas cost of goods sold, salaries, office supplies and interest expense all are associated with the real money. For example, for paying salaries; employer have to use their money.
Consider a hypothetical economy in which only computers and shoes are produced and in which computer production is capital intensive as compared with shoe production. If two resources are being used -- labor and capital -- then the capital-labor ratio would be:
A. of an indeterminate relationship.
B. higher in the computer industry.
C. the same in both industries.
D. higher in the shoe industry
Answer:
B) higher in the computer industry
Explanation:
Two industries are given: computer and shoe industry.
it is given in the question that the computer industry is more capital intensive than the shoe industry. which means that the computer industry involves more investment than the shoe industry. Hence, if we calculate the capital and labor ratio then we get a high capital ratio for the computer industry because it includes high investment than shoe industry
You are a stringer for your local newspaper, covering local sports events. For a special football spread, you have taken video footage that amounts to ten GB (gigabytes). You have also taken digital images that amount to one hundred MB (megabytes) in size.
Your boss, the newspaper sports editor, wants to preview your video and photo files. What is the best way to share your videos and digital photos with her?
Create a letter of at least 250 words addressed to your newspaper editor that describes your storage options, and give at least three reasons why your option is the best choice.
Here are questions to consider:
What information do I need to evaluate my options? (Something to consider: Does your boss want to preview your footage in person or remotely?)
What are my storage options? (Some options include flash drives, DVDs, and CD disks).
Explanation:
Dear Sir,
I have an eye-catching content for our local news paper. The content is about "Football game event" scheduled today. I have taken photos and videos pertaining to the event and I am sharing it in the form of "hard drive". The best photos and videos which would be apt for the news paper are selected and shared through hard disk. I hope it would be good resource. Kindly accept.
Regards,
(Name)
Evaluating options or pointers:
Photo / video should be neat and not shaky. You can share photos through google drive too if the size is reasonable.
Photos / videos should have been captured in such a way that it attracts readers and project the significant of the event.
Storage options: Listed in the first line.
Rex's Wrecks purchased $150,000 in new equipment during the current year. Rex used Section 179 to expense the maximum amount of the purchase. From the following choices, how much did Rex get to expense under Sec. 179, assuming the gross income from his business is $1,200,000 and his expenses (including MACRS depreciation) other than Section 179 were $1,150,000
Answer:
It will depreciate the new equipment for 50,000 dollars
Explanation:
It can depreciate another 50,000 dollar as the 179 S doesn't allow for a depreication that can generate a net loss.
If Rex depreciate the entire 150,000 dollars their net income of 50,000 will swing into a loss of 100,000 That is not allowed. Thus, the aximum amount available for Rex is 50,000
Final answer:
Rex's Wrecks can expense the entire $150,000 cost for the new equipment under Section 179 because it is less than both the taxable income and the maximum deduction limit for the year.
Explanation:
Rex's Wrecks purchased $150,000 in new equipment during the current year and decided to use Section 179 to expense the maximum amount of this purchase. Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year, meaning Rex's Wrecks can deduct the full cost of the equipment from their gross income. However, the maximum deduction for Section 179 can be limited by the business's taxable income. Rex's gross income from his business is $1,200,000, and his expenses other than Section 179 are $1,150,000. The maximum amount that can be expensed under Section 179 for the year 2023 is $1,080,000, with a phase-out threshold beginning at $2,700,000.
Assuming no changes to the tax law from our knowledge cutoff in 2023, and considering Rex's gross income and other expenses, he could deduct the entire $150,000 cost of the new equipment because it's less than the taxable income of $50,000 ($1,200,000 gross income - $1,150,000 other expenses) and also less than the Section 179 maximum deduction limit.
Awnings Incorporated has beginning net fixed assets of $234,100 and ending net fixed assets of $243,600. Assets valued at $42,500 were sold during the year. Depreciation was $62,500. What is the amount of net capital spending?
Answer:
Net Capital Spending = $72,000
Explanation:
Formula for Net capital Spending:
Net Capital Spending = Net Increase in Fixed Asset + Depreciation
Net Capital Spending = ( $243,600 - $234,100 ) + $62,500
Net Capital Spending = $9,500 + $62,500
Net Capital Spending = $72,000
Sale of asset is already accounted for in the ending net balance of fixed assets.
The net capital spending for Awnings Incorporated, given the provided fixed assets data, depreciation and sold assets, is calculated using the formula: Ending Net Fixed Assets - Beginning Net Fixed Assets + Depreciation - Gains from Sale of Assets, which results in a net capital spending of $29,500.
Explanation:To calculate the net capital spending, we use the formula: Ending Net Fixed Assets - Beginning Net Fixed Assets + Depreciation - Gains from Sale of Assets.
In this case, the Ending Net Fixed Assets is $243,600, the Beginning Net Fixed Assets is $234,100, Depreciation is $62,500 and the Gains from Sale of Assets is $42,500 (since assets of this worth were sold). Therefore, the net capital spending is: $243,600 - $234,100 + $62,500 - $42,500 = $29,500.
Learn more about Net Capital Spending here:https://brainly.com/question/33902381
#SPJ3
Kathy is taking a break from her job so that she can reflect on solving a problem that she is having. Kathy is demonstrating Group of answer choices private communication organizational communication interpersonal communication intrapersonal communication
Kathy is demonstrating intrapersonal communication by taking a break to reflect internally on a personal problem. Intrapersonal communication is the process that occurs within one's own mind, crucial for personal well-being and social interactions.
Kathy is engaging in intrapersonal communication when she takes a break from her job to reflect on solving a problem she is having. Intrapersonal communication involves the processes that occur within an individual's mind. This includes thinking and reflecting, which are internal activities, but can also extend to talking aloud to oneself or writing a note, which would be more external forms of intrapersonal communication.
Intrapersonal communication is different from other forms such as interpersonal, group, or public communication. It is key for processing emotions, thinking through problems, and self-reflection. Effective intrapersonal communication is crucial for social interaction and enhancing well-being.
What type of process includes order processing, customer service processing, sales processing, customer billing processing, and order shipping processing?
Answer:
The correct answer is: Customer-facing processes.
Explanation:
The customer-facing process is the type of business in which a vendor is in charge of not only for the sale but also for all the steps involved in delivering the product sold to the buyer. Customer-facing processes are considered part of Customer Relationship Management (CRM) and aim to increase the satisfaction of consumers.
Final answer:
The processes of order processing, customer service processing, sales processing, customer billing processing, and order shipping processing are key business processes in sales and customer service. They are essential components of the supply chain and must be carefully managed and analyzed for efficiency and variation control.
Explanation:
Business Processes in Sales and Customer Service
The type of process that includes order processing, customer service processing, sales processing, customer billing processing, and order shipping processing is commonly known as a business process, specifically in the realms of sales and customer service. These processes are integral to the supply chain and the operations of a company.
Many processing variations exist or are envisioned, and these processes mentioned are typical rather than specific. They can be broken into three main parts that may overlap and often need to happen simultaneously, so planning tasks accordingly is critical.
Start on each part of the processing stage and plan tasks accordingly.Understand the various components of processing which are not necessarily linear steps.The typical steps in a supply chain include extraction, acquisition, production, inventory, transportation, wholesaling, and retailing.Process & Process Improvement involves collecting inputs, performing value-added activities to create an output, and regularly reviewing the effectiveness of these processes. A process analysis is crucial as it studies each aspect of a process to ascertain if all parts and steps work cohesively to produce the desired outcome.
Variation is a natural part of any business process, and quality techniques are used by companies to study the variation present in their processes. Identifying the source of variation allows for the production of a more consistently high-quality product or service.
Overall, new management strategies over the past 30 years Select one: a. have emphasized a lessening of hierarchy and authoritarianism. b. have emphasized an increase in worker participation and workplace decision making. c. still sometimes revert to a direct authoritarian mode. d. All of the choices are correct.
Answer:
d. All of the choices are correct.
Explanation:
Hierarchy and authoritarianism could lead to a divide among the workers in an organisation. Therefore the lessening of it would improve worker relations. Worker participation creates a sense of belonging and freedom among the workers and encourages better workplace decisions. Direct authoritarian mode is used sometimes to set boundaries at the work place to establish the boss vibe towards the workers so as to prevent the workers from looking down at you.
. Intellus has long-term debt of $5 million, owners' equity of $7.5 million, current assets of $1 million, gross fixed assets of $20 million, and accumulated depreciation of $7 million. What is the firm’s net working capital
Answer:
- $0.5 million
Explanation:
The computation of the net working capital is shown below:
We know that
Net working capital = Current assets - current liabilities
where,
Current assets = $1 million
The net fixed assets = Gross fixed assets - Accumulated depreciation
= $20 million - $7 million
= $13 million
Total assets = Current assets + net fixed assets
= $1 million + $13 million
= $14 million
And,
Total assets = Total liabilities + owners equity
$14 million = Total liabilities + $7.5 million
So, the total liabilities is
= $14 million - $7.5 million
= $6.5 million
Total liabilities = Current liabilities + long term debt
$6.5 million = Current liabilities + $5 million
So, Current liabilities is $1.5 million
Now the net working capital equal to
= $1 million - $1.5 million
= - $0.5 million
By the eighteenth century, colonial farm families: a. engaged in arranged intermarriages. b. viewed land ownership almost as a right, a precondition of freedom. c. saw freedom as depending on their political rights, not their ownership of property. d. almost always owned at least three slaves. e. were in decline as bigger cities like Philadelphia expanded.
In the eighteenth century, colonial farm families viewed land ownership as a right and a precondition of freedom. So, the correct answer is "viewed land ownership almost as a right, a precondition of freedom" (Option B).
In the eighteenth century, colonial farm families in English colonies along the Atlantic coast viewed land ownership almost as a right and a precondition of freedom.
This belief was strongly influenced by the colonial interpretation of John Locke's concept of property rights. Farm families saw the ownership of land as essential to their independence and ability to support themselves.
Therefore, colonial farm families "viewed land ownership as a right and a precondition of freedom" (Option B).
Learn more about land ownership here:
https://brainly.com/question/34888764
#SPJ6
Correct Option Is b. viewed land ownership almost as a right, a precondition of freedom.
In the 18th century, colonial farm families mostly viewed land ownership as a nearly inalienable right and precondition for freedom. They often arrange labour through indentured servitude or slavery, particularly in the South. City growth did not significantly displace these farming communities.
Explanation:By the eighteenth century, colonial farm families primarily viewed land ownership almost as a right, a precondition of freedom. This belief was rooted in John Locke's concept of property rights, which evident in the view held by American colonists that all free White males should have the right to acquire property.
While some forms of slavery did exist in the colonies, it was not a universal practice that every farming family owned slaves. In fact, the labor force was quite diversified, with indentured servants being common in the North and more permanent forms of servitude like slavery becoming more prevalent in the South due to labor-intensive crops.
Furthermore, it's important to note that while there was substantial city growth during this century, traditional family farms were not in general decline, as most Americans still lived on farms. The establishment of larger cities like Philadelphia did not significantly shift the predominantly rural and agrarian complexion of colonial America.
Learn more about 18th Century Colonial Farm Families here:https://brainly.com/question/168018
#SPJ6
Cupid Co. manufactures dog toys. One of its most popular products, Bacon Ben, has the following costs to produce 1,000 units: $9,600 direct materials, $1,920 advertising costs, $960 plant manager salary, and $640 salaries for factory maintenance. If the cost to produce one Bacon Ben is $14.72, how much is Cupid’s direct labor for this product?
Explain please.
Answer:
3,520= direct labor
Explanation:
Giving the following information:
Bacon Ben, has the following costs to produce 1,000 units:
$9,600 direct materials
$1,920 in advertising costs
$960 plant manager salary
$640 salaries for factory maintenance
To calculate the direct labor cost we need to use the following formula:
Total manufactured cost= direct materials + direct labor + allocated manufacturing overhead
Total manufactured cost= 1,000*14.72= $14,720
Direct material=9,600
Overhead= plant manager salary + salaries for factory maintenance
Overhead= 960 + 640= 1,600
14,720= 9,600 + direct labor + 1,600
3,520= direct labor
The board of directors of Capstone Inc. declared a $0.80 per share cash dividend on its $2 par common stock. On the date of declaration, there were 53,000 shares authorized, 21,000 shares issued, and 4,000 shares held as treasury stock.What is the entry when the dividends are declared?Dividends: 8,800Cash: 8,800Dividends: 36,000Dividends Payable: 36,000Dividends: 8,800Dividends Payable: 8,800Dividends: 12,800Cash: 12,800
Final answer:
When a company declares dividends, it needs to make an entry in its books. The entry when dividends are declared includes a debit to the Dividends account and a credit to the Dividends Payable account. In this case, the correct entry would be Dividends: $14,800 and Dividends Payable: $14,800.
Explanation:
When a company declares dividends, it needs to make an entry in its books to reflect this action. The entry when dividends are declared includes a debit to the Dividends account and a credit to the Dividends Payable account. In this case, the board of directors of Capstone Inc. declared a $0.80 per share cash dividend on its $2 par common stock. Since there were 21,000 shares issued and 4,000 shares held as treasury stock, the dividends payable would be calculated as follows: $0.80 x (21,000 - 4,000) = $14,800. Thus, the correct entry when the dividends are declared would be:
Dividends: $14,800
Dividends Payable: $14,800
Raising taxes and increasing welfare payments a. proves that there is such a thing as a free lunch. b. reduces market power. c. improves efficiency at the expense of equality. d. improves equality at the expense of efficiency.
Answer: Option(d) is correct
Explanation:
According to the question, increasing taxes along with increasing amount given to poor ,ill or other severe-conditioned people by government can impact the people by increment in equality state at the cost of efficiency. Efficiency of society will be at hold while equality through providing payment ,service and health care is raised in this situation.
Other options are incorrect because free lunch, reduction in power of market and increment in efficient at cost of equality will not take place if taxes are raised with pay of welfare.Thus, the correct option is option(d).
d. improves equality at the expense of efficiency
A tax is a governmental organization's mandatory financial charge or other sort of levy placed on a taxpayer to fund government spending and related public expenses.Welfare refers to government-sponsored assistance programs for low-income individuals and families, such as health care, food stamps, and unemployment benefits.Raising taxes and increasing welfare payments d. improves equality at the expense of efficiencyFor more information:
https://brainly.com/question/16423331?referrer=searchResults
Lacey owns a bakery in Dallas. She read online that the homeland security threat level has been increased due to anticipated terrorist activities, especially in large cities in the U.S. She will likely not be able to get insurance to cover any losses her business may suffer should an attack occur in Dallas.\
Answer:
True
Explanation:
In the given statement, it was stated that there was a briefing online about the possibility of terrorist activities. She read the news and understood its meaning. The insurance company is also aware of the news online. Therefore, the insurance company will not take any responsibility for the losses that might occur while she opens her shop.
Final answer:
In the given scenario, Lacey, the owner of a bakery in Dallas, anticipates that due to the increased homeland security threat level, she may not be able to obtain insurance coverage for potential losses her business could suffer.
Explanation:
This situation is plausible because insurance companies may become more cautious and hesitant to offer coverage in regions or industries perceived to be at higher risk of terrorist activities.
The increased threat level indicates a higher perceived risk of terrorism, which could lead insurance companies to either deny coverage altogether or offer it at significantly higher premiums, making it difficult for small business owners like Lacey to afford adequate insurance protection. Therefore, it is true that Lacey may face challenges in obtaining insurance coverage for her bakery in Dallas.
. The optimal level of output may be defined as that level of output where a. average benefit exceeds average cost by the greatest amount. b. total benefit equals total cost. c. marginal benefit exceeds marginal cost by the greatest amount. d. the marginal benefit of the last unit purchased equals its marginal cost. e. it is impossible to define optimal in any meaningful way.
The optimal level of output in economics is when the marginal benefit of the last unit purchased equals its marginal cost. It is at this point the cost of producing an additional unit equals the revenue made from its sale. Beyond this point, the cost outweighs the benefit leading to decreasing profits.
Explanation:The optimal level of output is defined within economic theory as the point at which the marginal benefit of the last unit purchased equals its marginal cost (option d). This is known as the principle of marginalism.
In simpler terms, this means that the best output level is where the benefit of producing one more item is equal to the cost of producing that additional item. Beyond this point, the cost of producing that one extra item would be more than the benefit, which would then lead to decreasing profits.
To illustrate, let's assume a footwear manufacturing firm. If the cost of producing one more shoe(pair) equals the revenue made from the sale of that, then the company has hit its optimal level of output.
Learn more about Optimal Level of Output here:https://brainly.com/question/32768854
#SPJ3