As Cynthia needs to share a financial snapshot of her company including its current worth, a QuickBooks report that would be most useful is the balance sheet. The Option A is correct.
What does balance sheet tells us?A balance sheet of a firm tells about the financial position of such firm at a specific point in time. As opposed to income statement which reports financial information over a period of time, balance sheet are used to determine the health of a company on a specific day.
So, a QuickBooks balance sheet shows the statement of the assets, liabilities and equity of a business, most essentially the snapshot of the business value at a specific point in time.
Read more about balance sheet
brainly.com/question/25225110
#SPJ1
Which of the following materials may be displayed, distributed, or provided to consumers attending an educational event?a. Enrollment Guidesb. Plan-Specific Brochuresc. Enrollment Applicationsd. Agent business cards and lead cards
Enrollment Guides materials may be displayed, distributed, or provided to consumers attending an educational event.
The annual Open Enrollment Period was put into place to discourage adverse selection – which happens when sick people sign up for health insurance and healthy people do not. It greatly skews the amount of financial risk a health plan takes when insuring customers.
An online enrollment system benefits everyone in schools including learners, parents, and school admins. It streamlines the process, saves time and costs, allows for accurate and real-time tracking. At the end of the day, it contributes to a higher rate of enrollment and re-enrollment.
The Student Enrollment Application is used to enroll a student in a class or school and collects information about the student, parent and legal guardian.
Learn more about insurance https://brainly.com/question/25855858
#SPJ4
which of the following product mix pricing strategies involves pricing multiple products to be sold together?
Product bundle pricing is the pricing strategy involving pricing multiple products to be sold together.
In marketing, a product is an object, system, or service made available to consumers according to their demand. It is everything we can offer to the market to meet the wants and needs of our customers.
In retail, products are often referred to as commodities, while in manufacturing, products are purchased as raw materials and sold as finished goods. Services are also considered product types. Commodities are typically commodities such as metals or agricultural products, but commodities are also widely available on the open market.
To know more about Product here-
https://brainly.com/question/22852400
#SPJ4
TRUE/FALSE. credit card companies can change the rules of the account if they give the borrower 45 days notice of the change.
TRUE: credit card companies can change the rules of the account if they give the borrower 45 days notice of the change.
A business credit card could come with more benefits than your personal cards, such as greater cash-back or frequent-flier points, waived baggage fees, access to airline lounges, and discounts on hotels and rental cars. A general cash-back rewards card can be the best option if you don't travel for business frequently. A credit card is an electronic payment method that can be used for both consumer and commercial operations, including cash advances and purchases.
A credit card often functions as a cash or check substitute and frequently offers an unsecured revolving line of credit. One of the most significant advantages of using a credit card is the ability to pay for your purchases in low-cost EMIs.
Learn more about credit cards here: https://brainly.com/question/8806649
#SPJ4
_____ primarily involves modifying programs to meet new business needs, but also debugging of errors that were not detected when testing the developed code.
Based on business strategy, and computer operation, Maintenance primarily involves modifying programs to meet new business needs but also debugging errors that were not detected when testing the developed code.
What is Maintenance in Computer OperationMaintenance is a term for computer operation that is used to describe the process of amending programs to serve the needs of new businesses.
Also, the act of maintenance in computer operation and business system involved troubleshooting errors that were not known when testing the developed code.
Other Maintenance operations include:Installing Current Operating System Updates Clearing the Cache in your Internet Browser(s) Maintaining Current Anti-Virus Software Maintaining Current Malware Protection Software.Hence, in this case, it is concluded that the correct answer is Maintenance.
Learn more about Maintenance in Computer Operation here: https://brainly.com/question/12565370
#SPJ1
3.If the pure expectations theory of the term structure is correct, whichof the following statements would be CORRECT?a.An upward sloping yield curve would imply that interest rates areexpected to be lower in the future.b.If a 1-year Treasury bill has a yield to maturity of 7% and a 2-yearTreasury bill has a yield to maturity of 8%, this would imply themarket believes that 1-year rates will be 7.5% one year from now.c.The yield on a 5-year corporate bond should always exceed the yieldon a 3-year Treasury bond.d.Interest rate price risk is higher on long-term bonds, butreinvestment rate risk is higher on short-term bonds.e.Interest rate price risk is higher on short-term bonds, butreinvestment rate risk is higher on long-term bonds
According to the hypothesis, an investor would make the same amount of interest by purchasing two consecutive one-year bonds as opposed to one two-year bond today.
With the use of a projection of future interest rates, the expectations theory tries to assist investors in making decisions. The theory predicts the rate for short-term bonds using long-term rates, often from government bonds.
According to the Pure Expectations Hypothesis, predicted future spot interest rates are equivalent to those that can be estimated today (from observed spot rates)..
If the yield to maturity of a 1-year Treasury bill is 7% and that of a 2-year Treasury bill is 8%, the market must expect that 1-year rates will be 7.5% in a year.
Learn more about hypothesis visit: https://brainly.com/question/29519577
#SPJ4
Which of the following are employer payroll costs?
I. FICA taxes.
II. Federal and state unemployment taxes.
III. Federal and state income taxes.
IV. Employer contributions to a retirement plan.
Multiple Choice
I and IV
I, III, and IV
I, II, and IV
II and III
Boss finance costs Government and state joblessness charges, Manager commitments to a retirement plan.
Which one is included in the payroll taxes paid by the employer?Companies are responsible for paying employer payroll taxes, which include the Social Security tax, Medicare tax, federal unemployment tax, and state unemployment tax.
Which one is not included in the payroll taxes that the employer pays?State and federal income taxes. Although you, as the employer, deduct income taxes from your employee's wages, the employee is the only one who is responsible for paying them.
Which tax is paid solely by the employer?the main expenses that the business should settle are joblessness charges. The total gross earnings for the pay period are the basis for the amount entered for payroll tax expense. Both employers and employees are responsible for paying social security tax. The earnings of employees that the employer holds for payment become liabilities for the business.
To learn more about payroll taxes here
https://brainly.com/question/28040849
#SPJ1
at december 31, the records of nortech corporation provided the following selected and incomplete data: common stock (par $1; no changes during the current year). shares authorized, 500,000. shares issued, ?; issue price $22 per share. common stock account, $200,000. shares held as treasury stock, 3,000 shares, cost $20 per share. net income for the current year, $147,750. dividends declared and paid during the current year, $49,250. retained earnings balance, beginning of the year, $155,000.
The number of shares authorized to Nortech Corporation, is 500, 000 shares.
The shares issued by Nortech Corporation is 200, 000 shares.
The shares outstanding from the shares issued is 197, 000.
How to find the issued shares?The number of shares that were authorized to be issued by Nortech Corporation is shown in the question to be 500, 000 shares. The authorized shares are the amount of shares that a company might have in total, based on their corporate charter.
The number of shares issued is the shares that Nortech Corporation decided to place into the market, from the authorized share capital.
The number of issued shares is:
= Value of common stock account / Par value of stock
= 200, 000 / 1
= 200, 000 shares
The number of shares outstanding is:
= Issued shares - Treasury stock
= 200, 000 - 3, 000
= 197, 000 shares
The rest of the question is:
Find the following figures:
Shares authorized Shares issued Shares outstandingFind out more on outstanding shares at https://brainly.com/question/15867835
#SPJ1
Identify the options for accelerating a project schedule when resources are constrained or the budget is severely constrained:
1. Reducing project scope
2. Phase project delivery
3. Critical-chain
4. Compromise quality
1. Reducing project scope
3. Critical-chain
4. Compromise quality.
These are the options for accelerating a project schedule when resources are constrained or the budget is severely constrained.
The term "critical chain" means what?The Critical Chain is "the longest path in the schedule, including activity dependency and resource limits." This means that the CCPM analyzes the schedule to identify the tasks that, if postponed, will push back the project's completion date.
What is the critical chain's main focus?A project management methodology called critical chain project management (CCPM) enables you to prioritize related tasks and keep track of crucial resources so that you can complete projects as quickly as feasible.
To know more about Critical Chain visit:
https://brainly.com/question/14528350
#SPJ4
When resources are limited or the cost is severely restricted, a critical-chain method is used to accelerate the project timetable.
What does the term "critical chain" mean?The Critical Chain is the path in the schedule and takes resource limits and activity interdependence into account. This means that CCPM analyzes the schedule to identify the tasks that, if prolonged, will push back the project's completion date.
Why is the critical chain crucial?You can finish projects more quickly because of it. It helps project managers concentrate better. It improves scheduling accuracy and enables you to make the best use of the available resources. It avoids improper float/slack management. In order to accomplish projects as quickly as possible, critical chain projects let you rank dependent tasks while also maintaining track of crucial resources.
To know more about critical chain visit:
https://brainly.com/question/14528350
#SPJ4
it controls were mandated in public companies by _______________, part of the sarbanes-oxley act.
IT controls were mandated in the public companies by Section 404, part of Sarbanes-Oxley act.
What are IT controls?Information technology controls, often known as IT controls in business and accounting, are particular actions taken by individuals or systems that are intended to guarantee the achievement of organizational goals. They are a part of an organization's internal control. Data availability, confidentiality, and integrity are all important aspects of IT control objectives, as is the general management of the business enterprise's IT function. The Information Technology Governance Council (ITGC) includes controls over the Information Technology (IT) environment, computer operations, access to programs and data, program development, and program updates. IT application controls, often known as "input-processing-output" controls, deal with transaction processing. A well-known framework created by the IT Governance Institute called COBIT (Control Objectives for Information Technology) outlines many ITGC and application control objectives as well as suggested evaluation techniques.
To learn more about management, visit:
https://brainly.com/question/29023210
#SPJ4
older cities commonly have a densely built-up core forming the center for businesses. this pattern arose during a time when the dominant form of transport in those cities was (fill in the blank)
Older cities frequently have a central business district that is densely built up. When mass transit was the primary mode of transportation in those cities, this pattern first appeared.
What does mass transit mean?
The movement of people within urban areas using mass transit, also known as mass transportation or public transportation, includes buses and trains. The primary characteristic of mass transit is that it carries a large number of passengers in a single vehicle (like buses) or group of connected vehicles (trains). As a result, it is possible to move people through the same travel corridor more effectively, which can result in lower transportation costs for individual passengers or—because the costs are shared by many passengers—the chance to spend more money to offer better services, or both.
Know more about mass transit visit:
https://brainly.com/question/7048908
#SPJ4
each business unit and department should have a clear understanding of the of the whole firm and have a departmental that complements and aids the overall execution of the firm.
Each business unit and department should have a clear understanding of the of the whole firm and have a departmental Strategy that complements and aids the overall execution of the firm.
What do you mean by Departmental Strategy? Explain.A department or division's projects and actions that can help further develop the complete operations or areas of the business can be presented in a department strategic plan, an essential business document.
Departmental strategic plans give the department and its individual faculty members the framework to implement the higher-level institutional strategic visions through their existing and projected activities. An organizational chart for each department should be used to start and finish the strategic planning process.
To know more about business document, visit:
brainly.com/question/12654413
#SPJ4
which of the following provides security for datagram-based applications by allowing them a communication method designed to prevent eavesdropping, tampering, and message forgery?
DTLS Datagram Transport Layer Security provides security for datagram-based applications by allowing them a communication method designed to prevent eavesdropping, tampering, and message forgery
Datagram Transport Layer Security (DTLS) is a communications protocol that offers security to applications that use datagrams by enabling them to communicate in a way that guards against message forging, manipulation, and eavesdropping. Based on the stream-oriented Transport Layer Security (TLS) protocol, the DTLS protocol aims to offer comparable security assurances.
The DTLS protocol datagram preserves the semantics of the underlying transport; however, because it uses UDP or SCTP, the application must deal with packet reordering, datagram loss, and data that is larger than the size of a datagram network packet. As a result, the application does not experience the delays associated with stream protocols. When used to create a VPN tunnel, DTLS avoids the "TCP meltdown problem" by using UDP or SCTP instead of TCP.
Learn more about communication here:
https://brainly.com/question/29559096
#SPJ4
Ryan received a bonus for excellent performance at work. He invested that bonus in shares of abc corporation. What type of income might ryan receive from this investment?.
Ryan will receive dividend from the shares he brought by his investment which is a passive form of income.
What is an investment?Making an investment entails using money now in the hopes that it will appreciate later. An investment is putting capital to use, such as time, money, effort, etc., with the hope of receiving a larger return than what was initially invested. The production of items utilised in the production of other things is referred to by economists as investment. This definition deviates from the common usage, which considers buying stocks or bonds (see stock market) to be investments. Everything that is used in the creation of consumer goods, including the machinery used in a factory to produce products, the structures used to house businesses, and the tools used by those firms to provide goods and services to customers, is referred to as the supply chain.
To learn more about investments click,
https://brainly.com/question/25300925
#SPJ1
Bladder fullness is to ______ as blood pH is to ______. a. nociceptors; thermoreceptors b. baroreceptors; nociceptors c. baroreceptors; chemoreceptors
Bladder fullness is to baroreceptors as blood pH is to chemoreceptors. Option C is correct.
What is the bladder?Two ureters link with the bladder to the kidneys. It is a hollow organ that stores urine. It can store between one and a half and two cups of urine, or around 400 ml to almost 500 ml. It is an organ that stores urine.
A layer of transitional epithelial cells lines the interior of the bladder. Blood pH is to baroreceptors what bladder fullness is to chemoreceptors.
Therefore, option C is correct.
Learn more about the bladder, refer to:
https://brainly.com/question/6388558
#SPJ1
A work order is a specification of work to be performed for a customer or a client.
a. true
b. false
A work order is a specification of work to be performed for a customer or a client.
Thus, the correct option is True.
Who is a customer?A customer is a person who purchases something from a seller, vendor, or supplier in exchange for money or another item of value in the fields of sales, business, and economics. These terms can also be used to refer to this person.
An individual or company that purchases goods or services from another company is known as a customer. Customers are important since they bring in money. Businesses would cease to exist without them.
Internal customers are individuals or teams who are involved in a company's regular activities. Typically, they belong to functional groups or personnel.
The people who desire to purchase a company's finished goods and services are often its external clientele, who differ from the internal activities of the business.
Learn more about customer, here
https://brainly.com/question/13472502
#SPJ1
When comparing loans based on the least cost when the conversion periods are the same, one can compare the actuarial or annual percentage rate. True/False
The statement, "When comparing loans based on the least cost when the conversion periods are the same, one can compare the actuarial or annual percentage rate." is true.
The amount a corporation must pay on a recurring basis to meet its pension costs is determined by actuaries using the actuarial cost approach. The cost approach and the benefit approach are the two primary formulas used to determine the payments. Both the actuarial financing approach and the actuarial cost method are terms for the same concept.
These methods take into account an employee's current pay, the number of years they have left before they retire and begin receiving benefits, the actuarial rate at which their pay grows, the portion of their final salary they will receive annually when they retire, and the likely number of years they will live to continue receiving those annual payments.
Learn more about Loans here:
https://brainly.com/question/27142321
#SPJ4
Oligopolistic markets generally consist of a greater number of firms than monopolistically competitive markets. Select the correct answer below: True False
The answer is true. In oligopolistic markets, a small number of suppliers control the market. Every country has them, and they are used in a variety of industries.
Some oligopolistic markets are significantly more competitive than others, though this may only be the case on the surface. An oligopoly is characterised by high entry barriers, the ability to set prices, firm interdependence, maximised revenues, product differentiation, and non-price competition. Oligopolies market have existed throughout history in a wide range of sectors, including the production of steel, oil, railroads, tyres, grocery store chains, and wireless carriers. The pharmaceutical and aviation industries also have oligopoly structures.
To learn more about oligopolistic, click here.
https://brainly.com/question/27971842
#SPJ4
T/F functional departmentalization organizes work and workers into separate units responsible for particular business functions or areas of expertise.
Work is divided up into functional departmentalization that are in charge of specific company operations or domains of expertise. its true.
The division of labor into discrete departments that are in charge of particular business operations or professional specialties. Employees in a decentralized organization are free to act independently to address local issues. Functional departmentalization classifies positions that involve the same or similar activities; departmentalization in an organization is based on functions carried out; groups carrying out related functions are placed together as a department. The sales department, accounting department, and human resource department are a few examples. Depending on the activities carried out within the company, they are grouped. Functional organizational structure is the strategy utilized to arrange the workforce. They are placed together based on their skills and talents. Positions from the president to those in finance and distribution, customer service, and product or service development are all included in the vertical organization of each department.
Learn more about functional departmentalization from
brainly.com/question/15014699
#SPJ4
Work is divided up into functional departmentalization that are in charge of specific company operations or domains of expertise. its true.
The division of labor into discrete departments that are in charge of particular business operations or professional specialties. Employees in a decentralized organization are free to act independently to address local issues. Functional departmentalization classifies positions that involve the same or similar activities; departmentalization in an organization is based on functions carried out; groups carrying out related functions are placed together as a department. The sales department, accounting department, and human resource department are a few examples. Depending on the activities carried out within the company, they are grouped. Functional organizational structure is the strategy utilized to arrange the workforce. They are placed together based on their skills and talents. Positions from the president to those in finance and distribution, customer service, and product or service development are all included in the vertical organization of each department.
Learn more about functional departmentalization from
brainly.com/question/15014699
#SPJ4
(B) The concept of derived demand of labor means that
supply for labor will increase from a demand for output. (incorrect)
demand for labor is created from a demand for a good or service
demand for labor is decreased from a demand for output.
A) The effects of a poverty trap can be reduced by ________.
limiting the number of participants in the program (Incorrect according to homework)
not imposing work requirements as a condition of receiving benefits
initially decreasing the government payments by smaller amounts
The concept of derived demand of labor means that B. Demand for labor is created from a demand for a good or service
The effects of a poverty trap can be reduced by C. initially decreasing the government payments by smaller amounts
What is derived demand?The term "derived demand" in economics refers to demand for a good or service that stems from demand for another, related, or distinct good or service.
The demand for that product or service is the only link between derived demand and a product's or service's ability to acquire or produce another good or service.
Derived labor demand means that as the demand for a good increases, so does the demand for labor required to produce the good. The impact of the poverty trap can be mitigated by decreasing government payments by a smaller amount as income rises.
Learn more about derived demand on:
https://brainly.com/question/29598420
#SPJ1
trade-oriented sales promotions are directed at . multiple choice question. customers that are unhappy with your brand and are considering switching wholesalers, retailers, or distributors consumers that are aware of your brand but are not currently customers the manufacturer of the product
Trade-oriented sales promotions are directed at B. wholesalers, retailers, or distributors.
What are Trade-oriented sales promotions ?Trade-oriented sales promotion programs are aimed at the company's dealer network to compel them to promote the company's brand more than competing brands. It is sometimes referred to as a "push strategy," and it is aimed at the dealer network in order to encourage them to promote the brand to customers by giving it precedence over competing products.
In order to encourage volume sales, it may take the form of a product display, an additional case for every five cases ordered, cash discounts or straight cash payments, or it may be used to support a price reduction for customers. This is why it is directed at wholesalers, retailers, or distributors.
Find out more on trade - oriented promotions at https://brainly.com/question/14293289
#SPJ1
goodgro inc. makes genetically modified seeds that are identical to harvest corporation’s patented seeds, without harvest’s permission. this is most likely
goodgro inc. makes genetically modified seeds that are identical to harvest corporation’s patented seeds, without harvest’s permission. this is most likely patent infringement.
What is a patent, exactly?A patent is an exclusive right given for an invention, which is a thing or a method that, generally speaking, gives a new way to do something or a new technical fix for a problem. In order to obtain a patent, technical details on the invention must be made public in a patent application.
To know more about patent visit:
https://brainly.com/question/12882864
#SPJ4
Find the first quartile for the average textbook price for this sample size. $ (round to the nearest cent)
standard deviation =Σ = $21
n=45
n = 21 / √45 = 3.1305
The z distance Third quartile is,
P(Z < z) = 75%
= P(Z < z) = 0.75
= P(Z < 0.67 ) = 0.75
z = 0.67
Using the z-score formula,
= 0.67 * 3.1305+164
= 166.10
Third quartile =Q3 =166.1
In mathematics and records, the deviation is a measure of difference among the found price of a variable and a few other value, regularly that variable's mean. The sign of the deviation reviews the direction of that distinction (the deviation is positive whilst the located value exceeds the reference fee). The magnitude of the price indicates the size of the distinction.
Learn more about deviation here
https://brainly.com/question/475676
#SPJ4
_________ is a formal statement of a company's plans in dollars.
A budget is a formal statement of a company's plans in dollars because basically, its means the formal statement of a company's future plans that is expressed in monetary terms.
What is use of budget?Basically, a budget refers to an estimation of the revenue and expenses over a specified future period of time which is usually compiled and re-evaluated on a periodic basis. A budget are made for person, group of people, business, government, or just about anything else that makes and spends money.
In other words, a budget is an essential plan, used by company to write down or decide how they will spend money each month.
Read more about budget
brainly.com/question/6663636
#SPJ1
Determine what punctuation rule is illustrated by the following sentence. I have never met someone who does his job so well; he is consistently professional.Use a semicolon to join closely related dependent clauses.Use a colon to separate items in a series.Use a semicolon to join closely related independent clauses.
Punctuation rule is illustrated by the sentence, Use a semicolon to join closely related independent clauses.
1. Parallelism Is Required for All Punctuation
This means that whenever a comma or a dash is used to break up a main clause, the same punctuation marks must be used both at the beginning and the end of the clause. It further implies that you cannot use a semicolon to distinguish between a single item in a list.
2. Every Clause Needs a Colon at the End
The main clause needs to end with a colon. A colon can be used to introduce a list, elaborate, or restate a sentence if it is already complete.
3. Semicolons Are Used to Emphasize Equally
In a compound sentence, a semicolon can be used in place of a coordinating conjunction to link two related independent clauses.
Learn more about Punctuation, here
https://brainly.com/question/12933782
#SPJ4
match the character of the asset with its use and holding period. ordinary ordinary drop zone empty. sec. 1231 sec. 1231 drop zone empty. short-term capital short-term capital drop zone empty. long-term capital long-term capital drop zone empty. Long-term Capital
Long-term Capital drop zone empty.
Asset used in trade or business, held one year or less
Asset used in trade or business held more than one year
Asset held for investment or used personally, held one year or less
Asset held for investment or used personally, held more than one year
The matching characters are given below:
Asset with its use and holding period.
Ordinary
--> Asset used in trade or business, held one year or less
Sec. 1231
--> Asset used in trade or business held more than one year
Short-term Capital-->
Asset held for investment or used personally, held one year or less
Long-term Capital
--> Asset held for investment or used personally, held more than one year
What are examples of long-term capital?Examples of long-term assets are:Tangible assets such as land, machinery, buildings, equipment and vehicles. Long-term investments such as stocks, bonds, and real estate, or investments in other companies. Trademarks, customer lists, patents.
What was LTCM's strategy?LTCM's main strategy was to make convergence trades. These trades involved finding securities that were priced incorrectly relative to each other, taking long positions in cheap stocks and short positions in the rich.
Learn more about long term capital:
brainly.com/question/14016037
#SPJ1
produce fundamental changes that can transform a company or even revolutionize an industry, while enhance existing practices and often represent evolutionary applications of fundamental breakthroughs. group of answer choices new technologies; new paradigms radical innovations; incremental innovations technological breakthroughs; product-market breakthroughs incremental innovations; radical innovations
produce fundamental changes that can transform a company or even revolutionize an industry, while enhance existing practices and often represent evolutionary applications of fundamental breakthroughs radical innovations technologies
Radical innovation, as opposed to architectural or incremental innovation, destroys the current system or process and replaces it with something wholly new. Some people equate disruptive innovation and radical innovation. Some claim that there are precise, defined parameters for radical innovation and they are offered by important academic and commercial figures like Clayton M. Christensen. Others, however, support a more individualized definition of what radical innovation is, though they too generally concur that radical innovation completely replaces an existing design, process, or system to produce something significantly new and different. Radical innovation falls on the farthest end of the innovation continuum. A modular innovation involves
Learn more about radical innovations from
brainly.com/question/3520936
#SPJ4
produce fundamental changes that can transform a company or even revolutionize an industry, while enhance existing practices and often represent evolutionary applications of fundamental breakthroughs radical innovations technologies
Radical innovation, as opposed to architectural or incremental innovation, destroys the current system or process and replaces it with something wholly new. Some people equate disruptive innovation and radical innovation. Some claim that there are precise, defined parameters for radical innovation and they are offered by important academic and commercial figures like Clayton M. Christensen. Others, however, support a more individualized definition of what radical innovation is, though they too generally concur that radical innovation completely replaces an existing design, process, or system to produce something significantly new and different. Radical innovation falls on the farthest end of the innovation continuum. A modular innovation involves
Learn more about radical innovations from
brainly.com/question/3520936
#SPJ4
On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $_____ per year.The straight-line method is a time-based depreciation method that is the most popular because it is relatively easy to use. The depreciation expense each year will be the same.
On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $ 2000 per year.
Depreciation is a non-cash expense that represents decreases in the value of fixed assets as a result of usage, time, consumption, obsolescence, wear and tear, etc. It is displayed on the income statement's debit side.
The formula used to calculate depreciation
The cost using the straight line method is depicted as follows: = (Original Milling Machine Cost -
(Recovery value) + (expected useful life)
= ($15,000 - $2,000) ÷ (7 years)
= ($14,000) ÷ (7 years)
= $2,000
This approach uses the same depreciation rate for the entire remaining useful life.
To know more about Depreciation visit:
https://brainly.com/question/14284248
#SPJ4
When preparing the balance sheet for papago company for december 31, 2021, which item would not be classified as a current liability?.
Note payable due March 1, 2020 would not be classified as a current liability.
Current liabilities are the debts or obligations that an organisation has that are due in the next year or during its typical operational cycle. Additionally, current assets are used to settle current liabilities, either by producing a new current liability or by using cash.
Accounts payable, accrued liabilities, short-term debt, and other comparable debts are all examples of current liabilities that can be found on a company's balance sheet.
A company's balance sheet often includes a separate area for current obligations. This enables readers to calculate a company's working capital by deducting their sum from the total quantity of current assets held by the business. The company's current ratio is calculated by dividing current assets by current liabilities.
To learn more about current liability refer here:
https://brainly.com/question/29341666
#SPJ4
Complete Question:
When preparing the balance sheet for Papago Co. for December 31, 2018, which item would not be classified as a current liability.
-Note payable due March 1, 2020
-Accounts payable
- Income taxes due on September 15, 2019
-The current portion of a 30-year mortgage
Which of the following represents the correct journal entry to record a taxable cash sale of $1,080 if the sales tax rate is 5%?A debit to cash for $1,134, a debit to sales tax expense for $54, and a credit to sales revenue for $1,080.A debit to cash for $1,134, a credit to sales tax payable for $54, and a credit to sales revenue for $1,080.A debit to cash for $1,080, a credit to sales tax payable for $54, and a credit to sales revenue for $1,026.None of these answer choices is correct.
The statement that represents the correct journal entry to record a taxable cash sale of $1,080 if the sales tax rate is 5% is :B. A debit to cash for $1,134, a credit to sales tax payable for $54, and a credit to sales revenue for $1,080.
How to prepare the journal entry?Based on the information given the appropriate entry to record this transaction is:
Journal entry
Debit Cash for $1,134
[$1,080 + ($1,080 × 5%)]
Credit Sales tax payable $54
($1,080 × 5%)
Credit Sales revenue $1,080
(To record taxable cash sale)
Therefore the correct option is B.
Learn more about journal entry here:https://brainly.com/question/28390337
#SPJ1
distributive justice in legal proceedings provides individuals with rights such as prior notice, prohibited conduct, timely procedures, etc
a. true
b. false
False. distributive justice in legal proceedings provides individuals with rights such as prior notice, prohibited conduct, timely procedures, etc
What is meant by distributive justice?In terms of perceived fairness of an allocation or, more generally, how people evaluate what they receive, distributive justice is meant. It certainly attracted organizational justice academics' attention first and has continued to draw a lot of attention.
Providing a "fair share" of the advantages and resources accessible to all members of society is the goal of distributive justice, often known as economic justice.
Read more on distributive justice here: https://brainly.com/question/28180497
#SPJ1
