To calculate the accumulated depreciation on the asset, subtract the salvage value from the purchase cost to find the depreciable cost which will be $18,900.
Explanation:To calculate the accumulated depreciation on the asset, we need to determine the annual depreciation expense and then calculate the total depreciation over the three-year period.
First, we need to find the depreciable cost of the asset, which is the purchase cost minus the salvage value. In this case, it would be -
= $28,500 - $3,300
= $25,200.
Next, we divide the depreciable cost by the useful life of the asset to find the annual depreciation expense:
= $25,200 / 4
= $6,300.
Finally, we multiply the annual depreciation expense by the number of years (3 years in this case) to get the accumulated depreciation: $6,300 * 3 = $18,900.
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Sonia's car was completely destroyed in an accident that was her fault. her loss was $8,500 and her insurance company reimbursed her $6,500. what amount of casualty loss can sonia claim on her return (before deduction limitations)
Final answer:
Sonia's claimable casualty loss before deduction limitations is the difference between the total loss of her car and the insurance reimbursement, which is $2,000.
Explanation:
In the scenario provided, Sonia experienced a total loss of $8,500 on her car due to an accident. The insurance company reimbursed her $6,500 for her loss. To calculate the casualty loss that Sonia can claim on her tax return, we must subtract the insurance reimbursement from the total loss. The calculation would be as follows: $8,500 (total loss) - $6,500 (insurance reimbursement) = $2,000. Therefore, the amount of casualty loss Sonia can claim on her return before any deduction limitations is $2,000.
Opening a ledger account involves
A. recording the account title on the ledger page.
B. recording the account title and account number on the ledger page.
C. recording the account title, account number, and account balance on the ledger page.
D. posting the debit amount, credit amount, and source explanation to the ledger page.
Opening a ledger account involves recording the account title and account number on the ledger page.
What do you mean by ledger account?Ledger account is also called as a principal book of accounts. A ledger account is an account which contains a record of business transactions. In accounting, a ledger account book contains different accounts where records of transactions pertaining to a specific account is stored.
Maintaining a ledger account involves recording the account title and account number on the ledger page. It is necessary as it provides a record of every financial transaction that takes place during an operating company's life. Thus, it includes accounts for assets, liabilities, revenues, expenses, and owners' equity.
When opening a ledger account it involves recording the account title and account number on the top of a ledger page.
Hence, option B is correct.
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You wish to cite lucent information management, incorporated versus lucent technologies, incorporated. this is a 1997 federal case from the district court for the district of delaware. it is reported in volume 986, page 253, of federal supplement. although you do not plan to elaborate on this case in text, you want the reader to know that its significance is its "holding that trademark ownership is acquired by adoption and use according to common law traditions." the third circuit court of appeals affirmed the district court's holding in 1999 in an opinion reported in volume 186, page 311, of federal reporter, third series.
The case Lucent Information Mgmt., Inc. v. Lucent Techs., Inc. deals with trademark law and establishes that trademark ownership is determined by adoption and use according to common law, as affirmed by the Third Circuit Court of Appeals.
Explanation:To cite the case of Lucent Information Management, Inc. v. Lucent Technologies, Inc., you would include the following citation in your research: Lucent Information Mgmt., Inc. v. Lucent Techs., Inc., 986 F. Supp. 253 (D. Del. 1997), aff'd, 186 F.3d 311 (3d Cir. 1999). This citation provides the necessary information such as the case name, the volume, page number, the court, and the year of the decision. The significance of this case lies in its holding that trademark ownership is acquired by adoption and use according to common law traditions, which was affirmed by the Third Circuit Court of Appeals.
The case pertains to the area of intellectual property law, enshrining the principle that the rights to a trademark are established by actual use in commerce rather than merely by registration. This principle is crucial in determining the rightful ownership of trademarks and protecting the interests of businesses under common law. The affirmation by the appellate court upholds the district court's application of a well-established tenet in trademark law.
Since the introduction of medicare and medicaid in 1965, almost all federal health law has been aimed at ____ but without success
Management story line ofr how and why the company's business approaches will generate evenues sufficient to cover costs and produce attractive profits and returns on investment
John just started his vacation from work and scheduled a tee time with friends to play golf monday morning. on monday morning he started driving his car to work instead of the golf course. driving his car to work instead of the golf course is an example of:
What are the two principal animal research regulatory documents used by the public health service?
The accumulation of past income, natural resources, and financial resources is known as
What does the FDIC do? A. Provides insurance on money in bank accounts B. Regulates national interest rates C. Prints currency D. Provides bank account information to customers Please select the best answer from the choices provided A B C D
N capital budgeting, what term do we use to describe the potential for analysis to be based on rosy or optimistic forecasts?
The development of a new information system is economically justified if the _____.
The development of new information system is economically justified when or if the organization or group handling the information system has assessed its cost feasibility. If so, this will only fall under the circumstances that the information system is justified economically.
The officer responsible for managing the firm's cash flows is the
The officer responsible for managing the firm's cash flows is the treasurer.
Explanation:The officer responsible for managing the firm's cash flows is the treasurer. The treasurer is in charge of overseeing the company's financial activities, including managing cash inflows and outflows, making investment decisions, and ensuring the organization has enough liquidity to meet its obligations.
For example, the treasurer may be involved in managing working capital, determining the appropriate level of cash reserves, monitoring cash collections and disbursements, and investing surplus cash.
In summary, the treasurer plays a crucial role in maintaining the financial health of the company by effectively managing its cash flows.
The difference between fraud misrepresentation and puffing turns primarily on
The difference between fraud misrepresentation and the puffing turns primarily on sales. Fraud misinterpretation differs from puffing because of their way of using terms that are unintentional whole puffing is a way of showing statement with use of their opinions.
Final answer:
The difference between fraud, misrepresentation, and pu-ffing is based on intent and truthfulness; fraud is intentional deceit, misrepresentation can be unintentional, and puffing consists of exaggerated opinions.
Explanation:
The difference between fraud, misrepresentation, and puffing primarily hin-ges on the intent behind the statements made and their veracity. Fraud involves intentional deception to secure unfair or unlawful gain. It is a deliberate act to mislead or deceive another party, usually for personal financial gain.
Misrepresentation is a false statement of fact made by one party to another, which has the effect of inducing that other party into the contract. Unlike fraud, misrepresentation can occur without the intent to deceive, as it can be due to carelessness or by mistake. Lastly, puffing refers to exaggerated or boastful statements about a product or service that are subjective opinions, rather than objective facts, and thus are not legally binding promises or warranties.
Participants in a marketing research study are given a sum of money to purchase products in a simulated store. researchers then change the shelf location of the product to determine what effect it has on sales volume. what form of marketing research are the researchers using?
How much would kendra have in her account after three years if she started with $500 and earned 2 percent interest compounding annually? $530.89 $510.00 $500.00 $530.60?
Answer:
$530.60
Explanation:
At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january 24, 2017, it is learned that the company's receivable from madonna inc. is not collectible and therefore management authorizes a write-off of $4,300.
Safer Co.'s accounts receivable and allowance for doubtful accounts are reduced by $4,300 following the recognition of an uncollectible receivable from Madonna Inc.
Explanation:The student's question pertains to the practice of accounting for accounts receivable and the write-off procedure. At the end of 2016, Safer Co.'s total accounts receivable amount was $700,000, with an allowance for doubtful accounts of $25,000. However, in early 2017, it was discovered that the company's receivable from Madonna Inc. was uncollectable, necessitating a write-off of $4,300. This write-off is accomplished by reducing the accounts receivable and the allowance for doubtful accounts by $4,300, which modifies the company's financial statements.
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The inquiry involves an accounts receivable balance that begins at $700,000 and an allowance for doubtful accounts at $25,000. A noncollectable $4,300 receivable is written off, reducing both amounts to $695,700 and $20,700 respectively.
Explanation:The company starts with an accounts receivable balance of $700,000 and an allowance for doubtful accounts of $25,000. When they identify that the receivable from Madonna Inc. of $4,300 is uncollectible, this amount is written off.
The write-off is applied to the allowance for doubtful accounts. This leaves a balance of $20,700 ($25,000 - $4,300) in the allowance for doubtful accounts. Meanwhile, the accounts receivable balance is reduced to $695,700 ($700,000 - $4,300), reflecting the amount that the company still expects to collect. The process of writing off an uncollectible account helps maintain accurate financial records.
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In the weeks leading up to an election the media are filled with campaign ads, some of which are emotionally charged and some of which make highly negative claims about candidates for office or propositions on the ballot. a strong critical thinker would be wise to treat all campaign ads as __________.
A strong critical thinker would be wise to treat all campaign ads as persuasive.
Explanation:A strong critical thinker would be wise to treat all campaign ads as persuasive.
Campaign ads are designed to convince and influence voters, often through emotionally charged or negative claims about candidates or propositions.
However, it is important to approach these ads with a critical mindset, questioning the information presented and considering the motives behind them.
By recognizing that campaign ads are meant to persuade rather than solely provide objective information, a strong critical thinker can make informed decisions based on a variety of sources and perspectives.
Which of the following is the most important thing to remember when looking for a job?
A. Always go to big businesses first.
B. Arrive at the place of business as soon as it opens.
C. Carry information commonly required on applications with you.
D. Arrive at the place of business right at closing time.
Answer:C
Explanation:
i juss did it on APEX
Escambia county bonds worth $1,000 are selling at 109.443. what is the market price of one such bond?
a. $1,109.44
b. $1,000.00
c. $109.44
d. $1,094.43
Escambia county bonds worth $1,000 are selling at 109.443. What is the market price of one such bond?
The market price of the bond is D. $1,094.43. To solve for the market price of a bond, multiply the percentage bond price by the bonds face value (worth) by the price of the bond. The market price of the bond, is the current price the bond will sell for in the market.
The market Price of the Bond is $1,094.43. Thus, option D is correct.
What is Bond?A bond is a form of instrument wherein the issuer (debtor) owes the holder (creditor) a debt and is obligated to return the principle (i.e. amount borrowed) of the bond at the maturity period as well as interest (called the coupon) over a predetermined period of time, depending on the conditions.
A bond is a type of debt or IOU. Bonds offer external capital to the borrower to finance long-term investments or, in the case of government bonds, to cover current spending.
To determine the market price of a bond, multiply the percentage bond price by the face value of the bond by the value of the bond. The bond's market price is the current price at which it will be sold on the market.
Market Price of Bond = Total worth × Selling price
= $1,000×109.443
= $1,094.43.
Therefore, it can be concluded that The market price of the bond is D. $1,094.43. Hence, option D is correct.
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HELP PLZZZ NEED THIS FAST
Scenario An apparel manufacturer makes garments for use in businesses in which employees work in cold
environments, such as freezer boxes. The company’s sales representatives call on the person responsible
for buying these garments for the company’s employees (i.e. operations manager, purchasing agent,
safety director). These garments have a heavy duty outer shell and very strong insulation. Recently, a
fashion craze began when young males between the ages of 18–30 started wear-ing these garments. So the
company decided to sell them on line for personal use through Amazon.com and the company Web site. To
capitalize on the fashion craze, the garments were advertised in men’s magazines, such as Sports
Illustrated. In the B2B market the price of the jacket is $45 because there is a manufacturer’s discount
included for buying in large quantities. The price on Amazon.com and on the com-pany’s Web site is $75.
Since the majority of this manufacturer’s sales come from businesses, its catalog and Web site are used to
promote the product, along with print advertisements in trade magazines. In the B2B market, the company
enjoys a 70 percent market share; as it is a niche market with few competitors.
1. What is the marketing mix for the organizational market?
2. What is the marketing mix for the consumer market?
3. What is the customer profile for the organizational market?
4. What is the customer profile for the consumer market?
5. What is the market share?
What is the name for a treasury certificate given by the government to an investor in exchange for money? A. Earned income B. Cash C. Government bond D. Government equity
What states make you have your car inspected?
Megan considered the median income and median value of homes in different cities to measure economic inequality. what is the unit of analysis in her study?
If you want to compare two different investments, what should you calculate? A. The compound interest B. The ROI percentages C. The ROI dollar amounts D. The capital gain
The answer is "B. The ROI percentages".
Return on Investment (ROI) refers to a performance measure used to assess the effectiveness of a venture or look at the productivity of various diverse speculations. return for money invested endeavors to specifically quantify the measure of profit for a specific speculation, in respect to the investment’s expense. To figure ROI, the advantage (or return) of a speculation is separated by the expense of the venture. The outcome is communicated as a rate or a proportion.
The formula used to calculate return on investment is:
ROI = (Gain from Investment - Cost of Investment) / Cost of Investment
Answer:
B.
The ROI percentages
Explanation: Correct on EDGE 2021
A lorenz curve plots the _____.
a. trend in the cumulative percentage of income received by each quintile against trend in the number of households
b. average income received by each quintile against the number of households in the quintile
c. cumulative percentage of income against the cumulative percentage of households
d. percentage of total income received by each quintile against the percentage of households in the quintile
A(n) ________ is a measure that individuals or organizations take to block a threat from obtaining an asset.
For the perfectly competitive broccoli producers in california, the firm's demand curve for broccoli is
An organization that is responsible for attracting and organizing sport events to help communities capitalize on the potential benefits of sport tourism is called a ____________.
Every source has at least some type of _____.
Select the best answer choice.
a.primary source
b,bias
c.secondary source
d.source
Your textbook asserts _____________ and _______________ southerners had a direct interest in the peculiar institution.