The depreciation expense for first year using the units-of-production method would be $5,600.
What is depreciation?Depreciation refers to decrease in value of an asset over time due to wear and tear, obsolescence, or other factors. This decrease in value is typically reflected in a reduction of the asset's book value on the balance sheet of a business. Depreciation is important for financial reporting and taxation purposes. It allows businesses to allocate the cost of an asset over its useful life, which can help them better match expenses with revenues. Additionally, the depreciation expense can be deducted from taxable income, which can reduce a business's tax liability. There are different methods for calculating depreciation, including straight-line, accelerated, and units of production. The choice of method depends on factors such as the nature of the asset and its expected useful life.
Depreciation expense for first year = (Actual usage in units) * (Depreciation per unit of output)
Actual usage in units = 16,000 hours / 10,000 hours per unit = 1.6 units
Depreciation expense for the first year = 1.6 units * $3.50 per hour = $5,600
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Documents of Trade
Fill in the blanks.
A customer sends a/an __________ to a trader asking for a/an __________ , which
gives details of the goods on offer. The customer then studies the __________and places a/an __________. When the goods are sent a/an __________ may be sent with them followed by the __________, which shows the amount owed.
Words: Letter of Enquiry; Quotation; Order; Delivery note; Invoice; Statement of Account; Receipt; Credit Note
Answer:
Here's ur answer
Explanation:
letter of enquiryQuotationreceiptorderdelivery notecredit noteHope it's helpful.. if so mark me as brainlist n thank me also
MARKING BRAINIEST
Type the correct answer in the box.
Spell all words correctly.
What does stand for in the formula to calculate moving averages?
The moving averages method of sales forecasting has the formula:
In this formula, stands for
Answer:
Sales
Explanation:
S stands for sales. The moving averages formula uses sales figures from the previous periods to forecasts future sales. For example,
say, sales for 2015 were 100; 2016 were 120; 2017 were 110; and 2018,..130. Using the formula, the forecast for 2019 will be
Forecast 2019 = Sales 2015 + Sales 2016+ Sales 2017+ sales 2019 / 4
Forecast 2019 = 100 + 120 +110 + 130 / 4
Forecast 2019=115
Answer:
"sales for the latest month"
Explanation:
I got it right :)
Rosco owns a cola distributor in Germany. He wants to appeal to the local community: however, he wants to ensure that customers identify with
the product's reputation. He therefore believes ethnocentric staffing is the best staffing method for his company. Which advantage of
ethnocentric staffing will work for Rosco's business?
ОА.
It will help assemble a diverse management team with superior skills and knowledge.
OB. It will allow the managers to train on the company's business model and have control over the decisions made locally.
O c. It will allow using managers who already understand the local culture.
OD.
It will allow superior knowledge from both cultures.
Answer:
Not C
Explanation:
I guessed it and it was wrong
A farmer finds that when he produces more corn, he also has more corn stalks that he can then sell as decorative ornaments. To the farmer, corn and corn stalks are:
Answer:
"Complements in production" is the correct answer.
Explanation:
The changes throughout the demand through one counterbalance throughout manufacturing resulted in higher consumption of one another.
Complements instead in production however are commodities manufactured collaboratively from a certain revenue stream as well as input. This generally occurs when the revenue stream in the discussion has components that could be composed of certain commodities categories.When Nigel teased coworker Rachel about yawning with her mouth closed throughout most of the board meeting, she laughed aloud, an exchange that illustrates impression management involves ____________.
Answer:
a. collaboration
Explanation:
These are the options for the question
a. collaboration
b. reflected appraisal
c. self-disclosure
d. low context
Collaboration in Businesses can be regarded as working practice that allows individuals to work together in the organization so that the common Business purpose can be achieved.
collaboration helps in creation of
purposeful connections in order to achieve goals and give room for problems to be solved through sharing of ideals among individuals.
For instance, When Nigel teased coworker Rachel about yawning with her mouth closed throughout most of the board meeting, she laughed aloud, an exchange that illustrates impression management involves collaboration
An investor owning 400 shares of stock receives notice that the stock will be split. When the split is complete, the customer owns 1,200 shares of stock. The split must have been
Answer:
800....................
Select the correct answer.
Which pricing strategy is a company using when it sells a printer at a low price but the ink cartridges designed for that model are relatively
expensive?
A promotional pricing
captive product pricing
C. product line pricing
D. product bundle pricing
E.
optional product pricing
Answer:
B.
Explanation:
Captive product pricing means the company baits you in to purchasing a seemingly cheap main product but the add-ons are expensive
Answer:
E
Explanation: Is that right
Why do some people file a 1099 form?
A.) They only earn salary, wages, and tips.
B.) They have no taxable income.
C.) They have income other than salary, wages, and tips.
D.) They want an extension on filing their tax returns.
Answer:
C.) They have income other than salary, wages, and tips.
Explanation:
A 1099 form is used to reports all other incomes outside the regular salary. The 1099 forms are used mostly by freelancers and independent contractors and not by employees. This form shows the amount paid to the contractor by their client.
The purpose of 1099 is to report to the tax authority (IRS)the amount an individual earned in a particular period. An employee should fill a 1099 form if they received earnings from sources other than their employer. An independent contractor or a freelancer with multiple will get 1099 forms from each of the clients.
my 10 year old sister looked up anime and she looked at b-o-obies and she just cried-
help..
If you are denied credit, a job, a license, an insurance policy, or a loan based on your credit report, you are entitled to receive a free copy of that credit report within how many days
Even though personal selling is the most expensive method of communication on a per-person-reached basis, businesses continue to use personal selling because of advantages in:
Answer:
flexibility and control
Explanation:
Personal selling can be regarded as a way whereby Businesses utilize the action of sales force to get their products sold when there is a face-to-face contact with the customer. The product is promoted by the seller as a result of the seller's knowledge base a specialist, attitude as well as his appearance. They convince the customers.
1.Jaz works part time in a bar. One |||
week she works for 15.5 hours this
week and she is paid £6.50 per
hour.
She also received £18.00 tips.
How much will she earn this
week?
Answer:
£118.75
Explanation:
Jaz earns £6.50 per hour
This week she worked 15.5 hours
Her total pay will be
= £6.50 x 15.5
= £100.75
She received £18.00, total earnings
= £100.75 + £18.00
= £118.75
Aiken is in his first year of college. He wants to become a hotel manager. What should he do to help prepare for this career?
[A] try to get an internship
[B] build his physical strength
[C] learn how to operate equipment
[D] go to culinary school
Answer:
[A] try to get an internship
Explanation:
An internship provides students with work experiences in their preferred careers. It is offered by employers or organizations to students who show interest in working in that industry. An internship program may last between three and four months.
Aiken should seek an internship program in a nearby hotel. An internship will give him a practical experience of working in a hotel. He will understand the different roles in a hotel and what is required of a hotel manager.
Answer:
a
Explanation:
Zeta Co. reported sales revenue of $4,600,000 in its Income Statement for the year ended December 31, 20X1. Additional information is as follows: 12/31/X0 12/31/X1 Accounts receivable $1,000,000 $1,300,000 Allowance for uncollectible accounts (60,000) (110,000) Zeta wrote off uncollectible accounts totaling $20,000 during 20X1. Under the cash basis of accounting, Zeta would have reported 20X1 sales of:
Answer:
Zeta would have reported 20X1 sales of $4,280,000.
Explanation:
Note: the additional information in the question is correctly represented before answering the question as follows:
12/31/X0 12/31/X1
Accounts receivable $1,000,000 $1,300,000
Allowance for uncollectible accounts (60,000) (110,000)
The explanation of the answer is now given as follows:
Since sales is equal to cash collections under the cash basis of accounting, cash collected on accounts receivable can therefore be calculated as follows:
Ending balance = Beginning balance + Sales − Collections − Write-offs ......... (1)
Where;
Ending balance = $1,300,000
Beginning balance = $1,000,000
Sales = $4,600,000
Collections = ?
Write-offs = $20,000
Substituting the values into equation (1) and solve for collections, we have:
$1,300,000 = $1,000,000 + $4,600,000 − Collections − $20,000
Collections = $1,000,000 + $4,600,000 − $20,000 - $1,300,000
Collections = $4,280,000
Therefore, Zeta would have reported 20X1 sales of $4,280,000.
Acme Company carries an additional level of inventory beyond the expected demand during reorder lead times. This additional inventory is known as
Answer:
Safety stock
Explanation:
Safety stock is a stock that eplains the level of an additional stock in order to reduce the stockout risk i.e. there is a chances when the raw material is in shortfall that because of the uncertainities in the demand and supply
So according to the given situation here the additional inventory that beyond the expected demand is known as the safety stock
So the same is relevant
i need help with my assingemnt
Answer:
idc
Explanation:
i do not care, not at all.
Some employers offer forms of employer compensation in addition to pay these are usually things like healthcare retirement and paid vacation
Answer:
True
Explanation:
Often called employee welfare package, is a term that refers to all other forms of employer compensation in addition to their pay that is given by employers, sorely because they want to motivate them towards effective work performance.
Healthcare retirement benefits and paid vacation benefits are good examples of employee welfare package.
Jill Hansom borrowed $40,000 from a credit union to start a company that makes and sells peach salsa. Hansom used _____ financing.
Answer:
Debt financing
Explanation:
Debt financing occurs when an entity borrows money for the purpose of working capital or capital expenditure.
The borrower will pay back the loan with interest on a due date.
The other way finance can be obtained is through equity financing that requires sale of shares and repayment to investors is not required.
In this scenario Jill Hansom borrowed $40,000 from a credit union to start a company that makes and sells peach salsa.
Since repayment to the credit union will be made this is a form of debt financing
Which of the following represent features of continuing education? Check all of the boxes that apply.
not necessary for those with an advanced degree (MD or PhD)
can include self-study such as reading
usually required to maintain a license
often available from professional organizations
only available from universities
Answer:
b,c,d
Explanation:
"Continuing education (CE) is an essential part of a health science or technology career and can include all kinds of education, including self-study. CE is usually required to maintain a professional license."
Answer:
b, c, d
Explanation:
edge2021
Frederick works in a local government for a certain city. One his primary responsibilities is to check whether the city’s contracts, bids, and tax reports meet certain specific guidelines. Which government career role does Frederick perform.
Answer: B - City administrator
Explanation: took the plato test
Reece is trying to increase the number of products he sells every week so he will get a promotion this year. What are accurate ways to describe this goal? Check all that apply. intermediate goal career goal educational goal financial goal long-term goal
Answer:
intermediate goal
career goal
Explanation:
A goal is a desired result am individual wants to achieve in the future. Goals are usually time bound, that is they are meant to be achieved in a given time frame.
In the given instance Reece is trying to increase the number of products he sells every week so he will get a promotion this year.
With regards to duration goals can be short term, intermediate, or long term.
His goal of increasing weekly sales is an intermediate one.
Career goals are those that are measured by level of achievement on one's job. Reece is looking at getting a promotion in this year.
A. Intermediate Goal
B. Career Goal
Edge 2021
Zippy had cash inflows from operations of $65,500; cash outflows from investing activities of $50,000; and cash inflows from financing of $28,000. The net change in cash was:
Answer:
$45,500
Explanation:
$65,500+$28,000= $95,500
$95,500 - $50,000 = $45,500
Cash is an _____.
A) asset
B) expense
C) none of the above
(question is from small business entrepreneurship A)
A. Asset
Explanation:
-asset is a useful or valuable thing
If a demand for a product is inelastic, the value of the price elasticity of demand is: Group of answer choices zero. equal to one. greater than one. less than one. qiuzlet
Answer:
less than one
Explanation:
In the case when the demand of the product is inelastic that means the value of the price elastic of demand would be less than one
Therefore as per the given situation the last option is correct
And, the rest of the options are incorrect
So the same is relevant
what is warehousing
pleeeeeeeese i really need it
Answer:
a building for a storage of goods/merchandise
An economic principle states that the lower the price of a product, the greater the quantity consumers will wish to purchase. This principle is based on the critical assumption that
An example of tangible capital is A) a restaurant's unsold, unopened cans of soda. B) an idea for a new business. C) the goodwill a firm has established through advertising. D) knowledge of how to program a computer.
Answer:
it should be either b or d i think
Explanation:
The internet enables companies to decrease their emphasis on traditional promo
Answer:
The internet has enabled companies to promote their business with listing key factors and market their products with special highlights.
Explanation:
Earlier businesses used to promote their products by door to door marketing. In this era of technology and advancement the business focus on distinct features of their product and promote the products by highlighting those distinct features which other products does not have. Consumers are impressed with the presentation style and it is easier for them to view the complete product details by sitting at home through internet.
Outdoor Adventures is a company that sells clothing and gear related to all types of outdoor activities. In an effort to stave off competition, the company has begun keeping a log of customer interests and hobbies so it can alert them to local events of relevance to them as well as send them articles that pertain to their favorite activities. In addition, Outdoor Adventures has added a section to their website where customers can post pictures of themselves using the store's gear. These efforts illustrate how the firm is engaged in
Answer:
relationship marketing
Explanation:
Relationship marketing is a term used to describe a marketing strategy by a firm to build a friendly relationship with its customers, by placing a high value on customer satisfaction.
By allowing customers to post pictures of themselves using the store's gear, Outdoor Adventures would most likely increase their customer's interaction with products; even offering valuable product feedbacks.
The ability to continue after a disaster of some kind is a requirement of Security Rule. What item is considered part of the contingency plan or business continuity plan
Answer:
"Emergency mode operation plan" would be the correct approach.
Explanation:
The emergency method investigation strategy would be this same process improvement or business continuity strategy including its entire organization. Above such strategy is often utilized interchangeable terms or frustrated or perplexed with a crisis management plan, however, there's a significant difference.