Speyer Medical Clinic measures its activity in terms of patient visits Last month, the budgeted level of activity was 1240 patient-visits and the actual level of activity was 1,230 patient visits. The cost formula for administrative expenses is $4.80 per patient visit plus $26,000 per month. The actual administrative expense was $24700 In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was

Answers

Answer 1

Actual administrative costs came to $24700. The clinic's budget variance report card for the previous month shows that administrative expenses had a $7,204 spending variance.

What do expenses entail?

The money being spent or expenditures incurred by a business in an endeavor to make money are known as expenses. This could take the shape of expenses like paying employees' salaries or paying suppliers. Tax-deductible business expenses can be deducted from taxation to reduce taxable income and tax liabilities.

What are the expenses?

The complete direct costs associated with production, including labor and raw materials, are referred to as prime costs. Utility costs, manager pay, and delivery expenses are examples of indirect costs that are excluded from prime costs. To guarantee making a profit, businesses must determine the prime price of each item created.

Briefing:

Actual Results- $24,700

Flexible Budget = (26,000FC + 4.8VC X 1230)

Flexible Budget =31,904

= 24,700- 31,904

Expenses = $7,204 U.

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Related Questions

Outsourcing some production is a means of _________ a capacity constraint.

A. Identifying
B. Modifying
C. Supporting
D. Overcoming
E. Repeating

Answers

Outsourcing some production is a means of overcoming a capacity constraint. Hence, the suitable option for this question will be option (d).

Write a short note on capacity planning.

To determine the production capacity an organization needs to meet shifting consumer demands for its products through the process of capacity planning. The maximum amount of work that an organization is capable of performing in a specific time frame is known as design capacity in the context of capacity planning.

Inefficiency occurs from a mismatch between a company's capabilities and its customers' needs, either in the form of underutilized resources or unmet customer demand. Capacity planning seeks to reduce this mismatch. Changes in production output, such as increasing or lowering the production quantity of a current product or creating new products, affect the demand for an organization's capacity. The effectiveness of the equipment as a whole can be increased to get a better use of the present capacity (OEE). Increases in capacity can be achieved by adding new methods, tools, and materials, adding more people or machines, adding more shifts, or buying more manufacturing facilities.

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In the context of data management, _____ refers to all the occurrences sharing the same types of data.a. encapsulationb. metadatac. schemad. entity

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In the context of data management, entity refers to all the occurrences sharing the same types of data.

What is data management, and what are some examples?

Data management is the process of gathering, storing, analyzing, and exchanging data inside an organization. Every company that generates or uses digital data, especially those with large data quantities, stands to gain from data management.

How does data management function?

When making crucial decisions, organizations may rely on the data because of data management, which makes the data more reliable. To avoid expensive duplication of effort, it also makes sure that any data-driven process is consistent and repeatable. For the security of proprietary data, data management is also essential.

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T/F he data that you collect suggest that the between-treatments variance is small, relative to the within-treatment variance, so the f-ratio for your study is likely to be , suggesting that .

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True data that you collect suggest that the between-treatments variance is small, relative to the within-treatment variance, so the f-ratio for your study is likely to be, close to 1.00 suggesting that will not be rejected.

The Student's t check is used to evaluate the way among groups, while ANOVA is used to evaluate the way amongst 3 or greater groups. In ANOVA, first receives a not unusualplace P price. A widespread P price of the ANOVA check suggests for at the least one pair, among which the imply distinction become statistically widespread. Thus, the among-remedies variance simply measures how plenty distinction exists among the di i remedy conditions. the variations were as a result of the remedy effects.

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dysfunctional conflict is ______ for the organization.

Answers

Answer:

Explanation:

bad

Dysfunctional conflict is harmful to the organization.

What is the method of functional and dysfunctional conflict?

Functional and dysfunctional conflict can occur within a company. Functional conflict occurs when groups or individuals disagree in a healthy, constructive way, whereas dysfunctional conflict occurs when groups or individuals disagree in an unhealthy way.

Dysfunctional conflict is generally considered harmful or detrimental to the organization. This is because it often leads to negative outcomes such as decreased productivity, low morale, increased employee turnover, and decreased organizational performance.

Dysfunctional conflict can also lead to personal animosity between individuals or groups, which can further exacerbate the negative impacts on the organization. In contrast, functional conflict can be beneficial for the organization, as it can lead to positive outcomes such as increased innovation, improved problem-solving, and enhanced team cohesion.

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Which one of the following is NOT one of the formal financial statements that is made available to all users of the financial statements?

A. Trial balance
B. Income statement
C. statement of owner's equity
D. Balance Sheet

Answers

Which one of the following is NOT one of the formal financial statements that is made available to all users of the financial statements?

A. Trial balance

B. Income statement

C. statement of owner's equity

D. Balance Sheet

A trial balance is not a  formal financial statement.

Suppose that as a result of expectations of lower sales in the future, a decrease in autonomous business investment causes aggregate demand to shift from AD0 to AD1 as shown in Figure 10.1. Which of the following statements is true?
. According to Keynesian theory, additional decreases in aggregate demand will occur.
. The GDP gap will be eliminated by the multiplier.
. According to Keynesian theory, the economy will quickly adjust back to full employment.
. In the absence of any additional decreases in investment, the equilibrium will remain at Q1 indefinitely.

Answers

The statement that is true is option According to Keynesian theory, additional decreases in aggregate demand will occur.

What exactly is the Keynesian theory of total demand?

The central tenet of Keynes's theory, which bears his name, is the claim that the most significant economic factor is aggregate demand, which is determined by adding together consumer, business, and government expenditure.

This Keynesian interpretation of the AD/AS model demonstrates that, in the case of a horizontal aggregate supply, a fall in demand results in a fall in output but not a fall in prices.

Therefore, Real GDP rises as a result of rising deficit-financed government spending, but not at the same rate as natural real GDP. Due to the government spending multiplier, an increase in deficit-financed government spending results in a rise in real GDP.

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When consumers hold money rather than bonds because they expect the interest rate to increase in the future, they are holding money for what purposes?A.TransactionsB.SpeculationC.Unforeseen expendituresD.None of the above

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When consumers hold money rather than bonds because they expect the interest rate to increase in the future, they are holding money for Speculation purposes.

Speculative motive for retaining cash is a strategy employed by investors and traders to keep cash on hand in order to take advantage of any future investment opportunities.

Sometimes it doesn't seem appealing to keep all of your money invested. One of an investor's top priorities is to keep a healthy amount of liquidity in their portfolio. Investors typically maintain a reasonable quantity of this cash on hand in order to maximise their returns. There's a risk that interest rates will increase in the future, which would increase investment returns. In this case, the investor's financial reserves enable him to take advantage of such a lucrative investment opportunity. We call this a speculative motive.

Therefore, Speculation is the required answer for this question.

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Shantelle faces a risk where she has equal chance of either gaining $2,000 or losing $2,000. Which of the following statements describes her view of the risk if she is risk averse?
A. Both options would have the same impact on her well-being so she is indifferent.
B. Losing $2,000 would diminisher her well-being just as much as gaining $2,000 would raise it.
C. Losing $2,000 would diminish her well-being less than gaining $2,000 would raise it.
D. Losing $2,000 would diminish her well-being more than gaining $2,000 would raise it.

Answers

The right response is (D) Losing $2,000 would diminish her well-being more than gaining $2,000 would raise it.

The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value.

If Shantelle were to take a risk where she had an equal probability of winning or losing $2,000, she would choose the former. She would feel worse if she lost $2,000 than if she won $2,000, which would improve her mood. She avoids risk because risk-avoiders despise ambiguity. Additionally, a $2000 loss lowers utility more than a $2000 gain does due to diminishing marginal benefit.

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ok, legit question are you ready?
Ok why has no one added me back or added me period

Answers

Answer:

whatttt

Explanation:

Answer: me

Explanation:

I'll add you

mass marketing is the optimal promotion tool for building personal and long-lasting relationships with customers.

Answers

Mass marketing is the optimal promotion tool for building personal and long-lasting relationships with customers False.

What are the tools for mass promotion?

Direct marketing, public relations, sales promotion, and advertising are the four primary promotional strategies.

Which advertising tool is best at influencing consumers' choices, convictions, and most crucially, actions?

establishing consumer preferences, convictions, and actions The most costly promotional tool has a high cost per person.

Is advertising the priciest instrument for businesses to use for promotion?

Direct marketing is the priciest marketing strategy. A company's resources may be significantly impacted by this in the form of personal selling, commercials, and promotional strategies.

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Prices direct economic activity in a market economy by : A influencing the actions of buyers and sellers. B reducing scarcity of the goods and services produced. C eliminating the need for government intervention. D allocating goods and services in the most equitable way.

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Prices direct economic activity in a market economy by eliminating the need for government intervention.

government intervention

Government intervention occurs when the government intervenes in the marketplace with the intent of influencing the economy. It is frequently a contentious issue that fuels political debate. Those who support government intervention say that the Law of Supply and Demand is insufficient to keep the economy functioning smoothly and that governmental intervention will protect against abuses and ensure the economy's overall success.

They can also step in when natural calamities are too large for local governments to manage. These types of disasters not only cause physical and humanitarian issues but also long-term economic problems.

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Which of the following is least likely to be considered an inherent risk relating to receivables and revenues?
a. Decline in sales due to economic declines
b. Restrictions placed on sales by laws and regulations
c. Decline in sales due to product obsolescence.
d. Over-recorded sales due to a lack of control over the sales entry function,

Answers

Answer:

Over-recorded sales due to a lack of control over the sales entry function relates to control risk not inherent risk. The other three replies all relate to inherent risk.

Over-recorded sales due to a lack of control over the sales entry function the following is least likely to be considered an inherent risk relating to receivables and revenues.

What is revenue?

The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line." A company's overall earnings or profit are referred to as income or net income.

Confirmations must be under the custody of auditors until the customer returns them. When generalizing from the sample to the population when

If a customer does not return an accounts receivable confirmation, it is appropriate to presume the amount is 100% inflated without taking additional steps.

Therefore, an inherent risk relating to receivables and revenues.

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which of the following best describes why we would chose to reject the null hypothesis when our p-value is very small?

Answers

The reason why we would have to chose to reject the null hypothesis when our p-value is very small is that A very small p-value means that our results were very unlikely based upon the assumption that the null hypothesis is true. This may lead us to reject the null hypothesis.

What is the null hypothesis?

The null hypothesis in inferential statistics is that two possibilities are equal. The underlying assumption is that the observed difference is just the result of chance. It is feasible to determine the probability that the null hypothesis is correct using statistical testing.

The null hypothesis is a common statistical theory that contends that there is no statistical relationship or significance between any two sets of observed data and measured phenomena for any given single observed variable.

The idea that there is no influence on the population is known as the null hypothesis. We can reject the null hypothesis if the sample contains sufficient data to refute the assertion that there is no effect in the population (p ). If not, we are unable to rule out the null hypothesis.

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oliver food company had the following cash balance items listed in its trial balance at 12/31/2024 peterson savings and loan right bank clinton county trust

Answers

Cash balance showed in the balance sheet would be $55000

Therefore, trial balance as of December 31, 2021:

Peterson Savings and Loan = $ 50,000

Right Bank = (5,000)

Clinton County Trust Bank = 10,000

The Cash Balance will therefore be as The Cash Balance will therefore be as follows: Peterson Savings and Loan + Trust Bank - Right Bank

 = $50,000 + $10,000 - $5,000 = $55,000

It would have a cash balance of $55,000.

What is a balance sheet?


A balance sheet is a financial statement that lists the assets and liabilities of a corporation at a certain point in time. It is one of the three primary financial statements—the other two being the income statement and cash flow statement—that are used to assess a company's performance.


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the economy was in long-run equilibrium when aggregate demand increased. at this point in time, the expected inflation has started to adjust to the new higher actual inflation rate. according to the (friedman) natural rate theory, this means the unemployment rate in the economy must currently be

Answers

The eco-nomy was in long-run equilibrium when aggre-gate demand increased. At this point in time, the expec-ted inflation has start-ed to adjust to the new high-er actual inflation rate. Accor-ding to the (Friedman) natural rate the-ory, this means the unemploy-ment rate in the economy must curr-ently be below the natu-ral rate.

Milton Friedman defi-ned the natural rate of unemploy-ment as the level of unemployment that result-ed from real economic forces, the long-run level of whi-ch could not be altered by monet-ary policy. Accor-ding to the general equili-brium model of economics, natural unemploy-ment is equal to the level of unemploy-ment of a labor mark-et at perfect equilibrium.

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Gear Corporation had the following common stock record during the current calendar year:
Outstanding-January 1
100,000
Additional shares issued 3/31
5,000,000
Distributed a 10% stock dividend on 6/30
Shares reacquired 9/30
100,000
What is the number of shares to be used in computing basic EPS?
A. 5,500,000.
B. 4,210,000.
C. 5,303,750.
D. 5,050,000.
Sims Company reported net income for 2021 in the amount of $50,000. During 2021, Sims declared and paid $2,000 in cash dividends on its nonconvertible preferred stock. Sims also paid $10,000 cash dividends on its common stock. Sims had 40,000 common shares outstanding from January 1 until 10,000 new shares were sold for cash on July 1, 2021. A 2-for-1 stock split was granted on July 5, 2021. What is the 2021 basic earnings per share? (Round final answers to 2 decimal places.)
A. $0.42.
B. $0.47.
C. $0.56
D.$0.53
Royce Company had 50,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 20,000 shares of common stock. The company had outstanding fully vested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives. The end-of-year market price of common stock was $13 while the average price for the year was $12. The company reported net income in the amount of $269,915 for 2021. What is the diluted earnings per share (rounded)?
A. $3.60.
B. $3.81
C. $4.50.
D. $4.10

Answers

D. 5,510,000.D.$0.53.D. 4.10.

Diluted earnings per share (diluted EPS) is determined by a company's earnings per share when all convertible securities were converted. Earnings per share (EPS) refers to a company's net profit divided by the amount of usual shares it has outstanding.

Gear Corporation

Data and Calculations:

January 1 Outstanding shares =              100,000

March 31  Issued shares                        5,000,000

Total outstanding before June              5,100,000

June 30 10% Stock Dividend                    510,000

Total before reacquisition in Sept.       5,610,000

Sept. 30 Treasury Stock                           100,000

Total outstanding for EPS computing    5,510,000

Sims Company

Earnings per share =Total earnings available to shareholders(Net income - preferred dividends )/Weighted Average Outstanding  shares

using a 2-1 stock spilt , outstanding shares= 40,000  x 2  + 10,000 x 6/12(jan- 1st july ) x 2 = 80,000 + 10,000 = $90,000

Earnings per share = ($50,000 -$2,000)/$90,000

Earnings per share = $48,000/$90,000 = #0.53

Royce company

Diluted earnings per share = net income - preferred dividends / (weighted common stocks + diluted stocks)

Preferred dividends =

January 1 = 50,000 x (12 : 12) = 50,000

April 1 = 20,000 x (9 : 12) = 15,000

Total = 65,000

Weighted common stocks = 5,000 - (5,000 x 10) / 12 = 833

Hence,

Diluted earnings per share = $269,915/(65,000 + 833) = $4.10

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regling company provides its employees vacation benefits and a defined benefit pension plan. employees earned vacation pay of $40,000 for the period. the pension formula calculated a pension cost of $222,750. only $185,000 was contributed to the pension plan administrator. question content area (a) provide the journal entry for the vacation pay. if an amount box does not require an entry, leave it blank. blank - select - - select - - select - - select - question content area (b) provide the journal entry for the pension benefit. if an amount box does not require an entry, leave it blank. blank - select - - select - - select - - select - - select - - select -

Answers

The journal entry for the vacation pay includes:

Dr Vacation pay expenses $40,000Cr Vacation pay payable $40,000

The  journal entry for the pension benefit includes:

Dr Pension expenses $222,750Cr Cash $185,000Cr Unfunded pension liability $37,750

What is the journal entry for the vacation pay?

Date   Account titles                      Debit      Credit

          Vacation pay expenses    $40,000

                Vacation pay payable                   $40,000

What is the journal entry for the pension benefit?

Date   Account titles                      Debit      Credit

          Pension expenses             $222,750

               Cash                                               $185,00

               Unfunded pension liability            $37,750

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which of the following are short-term drive of currency valuation?
a. surprise changes in interest rates, inflation, and trade
b. surprise changes in interest rates, inflation, and gold
c. surprise changes in relative prices, trade, and gold
d. surprise changes in relative prices, inflation, and trade

Answers

Short-term drive of currency valuation are :  surprise changes in interest rates, inflation, and trade.

What is meant by currency valuation?

The value of a currency determines the exchange rate for foreign currency. This procedure will now comprise assessing the rate at which goods and services are currently exported to other nations as well as taking into account the rate at which goods and services are currently imported from other nations.

The value of one country's currency in respect to another currency is also thought of as the exchange rate. An interbank exchange rate of 114 Japanese yen to the US dollar, for instance, indicates that 114 will be converted into $1 or that $1 will be converted into 114.

Surprising fluctuations in interest rates, inflation, and trade are the short-term factors that influence currency valuation. Due to the government of the issuing country designating it as "legal tender" (i.e., a valid method of payment), it has value.

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Type the correct answer in the box.
Identify the kind of control decision involved in the given scenario..
Jillian is asked to forecast sales for next year. Her boss tells her to analyze internal budgets, market share, and inputs from niche markets. Jillian will
use
___forecasting.

Answers

Jillian's boss wants her to use internal budgets, market share, and inputs from niche markets, so Jillian will use Multiple linear regression forecasting.

How to know the forecasting method?

The forecasting method to be used will depend on the variables to be used in the forecasting of the sales. If there are multiple variables then a linear regression method is to be used.

If there are multiple independent and dependent variables such as internal budgets, market share, and input from niche markets, then it is best to use the Multiple linear regression form of forecasting.

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portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,788. the federal insurance contributions act (fica) tax for social security is 6.2% of the first $137,700 of employee earnings each calendar year and the federal insurance contributions act (fica) tax rate for medicare is 1.45% of all earnings. the federal unemployment taxes (futa) tax rate of 0.6% and the state unemployment taxes (suta) tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,458.17. her net pay for the month is: (round your intermediate calculations to two decimal places.) multiple choice $6,657.54 $6,601.54 $6,784.97 $6,223.54 $7,548.71

Answers

The amount of federal income tax withheld from her earnings was $1,458.17. her net pay for the month is $6,223.54.

A federal monarchy, inside the strict sense, is a federation of states with a unmarried monarch as normal head of the federation, however maintaining specific monarchs, or having a non-monarchical device of government, in the various states joined to the federation. The time period turned into delivered into English political and ancient discourse by Edward Augustus Freeman, in his records of Federal authorities (1863). Freeman himself thought a federal monarchy handiest possible inside the summary. The time period turned into delivered into English political and ancient discourse by Edward Augustus Freeman.

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TRUE/FALSE. in the classical model with an open economy, national saving equals domestic investment plus net capital outflow.

Answers

It is true that in the classical model with an open economy, national saving equals domestic investment plus net capital outflow.

What is capital outflow?

The transfer of assets outside of a nation is known as capital outflow. Since capital outflow frequently results from political or economic instability, it is viewed as undesirable. A specific economy is said to be experiencing a capital drain when this happens. Although there are many different economic and political causes of capital outflows, instability in one or both of these areas is frequently the starting point. Net purchases of domestic assets by non-residents, or the difference between purchases and sells, are referred to as capital inflows. Net foreign asset purchases by domestic agents, excluding the central bank, equal net capital outflows.

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while creating employee training modules, organizations need to ensure that

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While creating employee training modules, organizations need to ensure that: The training content is relevant to the job role and up-to-date.

An instruction module contains what?

An e-learning course's training modules are sections that are devoted to a certain subject. Training modules serve as "chapters" in the entire e-learning course, much like chapters in a book. As an illustration, consider the subject of sales training. You can choose to discuss subjects like the finest sales strategies or how to create an efficient email.

What accomplishes a training module?

A part of an online course called a training module focuses on a certain goal and is made to instruct on a particular subject. Each module acts like a chapter in a book, introducing the following. When taken as a whole, training modules represent a full body of knowledge and provide a full narrative.

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abc lawn care service continuously makes an effort to set up multiple points of interaction with its customers. abc wants to provide lawn care every week to keep its customers' yards looking manicured and ultimately to develop a relationship with its customers. which of the following does not describe relationship selling?

Answers

It does not describe relationship selling is one-time sale.

This may not seem like a one-time sale because one-time sale is either recorded under operational expenses or under earnings before interest and taxes (EBIT). EBIT is a company's profit that has been adjusted to exclude taxes and debt interest expenses. The bottom line of the income statement is devoted to the company's net income, which is the profit made after deducting all expenditures, expenses, and revenues.

A one-time sale, such the selling of an asset, could boost net income for that time frame. The terms odd or nonrecurring events are also used to describe one-time sale. There was no way this could seem like a one-time deal.

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It does not describe relationship selling is one-time sale.

This may not seem like a one-time sale because one-time sale is either recorded under operational expenses or under earnings before interest and taxes (EBIT). EBIT is a company's profit that has been adjusted to exclude taxes and debt interest expenses. The bottom line of the income statement is devoted to the company's net income, which is the profit made after deducting all expenditures, expenses, and revenues.

A one-time sale, such the selling of an asset, could boost net income for that time frame. The terms odd or nonrecurring events are also used to describe one-time sale. There was no way this could seem like a one-time deal.

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A company purchased office equipment for $52000 and estimated a salvage value of $8000 at the end of its 8-year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is (Round answer to 1 decimal place, e.g. 15.2.) O 8.0%. O 12.5%. O 25.0%. O 2.5%.

Answers

(52,000-8000)/8 = 5,500

(5,500/44,000)*100 = 12.5%, A method of accounting known as the double declining balance (DDB) depreciation method entails depreciating some assets at a rate that is twice that of straight-line depreciation.

How is double decreasing determined?

The following formula is used to compute the double decreasing balance:

2 × the basic depreciation rate times the book value

The rate at which an asset depreciates utilizing the straight line method is your basic depreciation rate.

The cost of the asset is the price you paid for it.

After completing this, you will receive your fundamental annual write-off.

When should you employ double falling depreciation?

When to apply the twofold decreasing balance technique of depreciation When you buy assets that depreciate more rapidly in the first few years, the optimal scenario for using double declining balance depreciation is that situation. The asset that loses value the most in the first few years of ownership is a car.

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The interest tax shield has no value for a firm when: A. the firm’s debt-equity ratio is exactly .5. B. the firm is unlevered. C. the firm’s debt-equity ratio is exactly equal to 1. D. shareholders fully utilize homemade leverage.

Answers

The interest tax shield has no value for a firm when (b) the firm is unlevered.

Interest tax shield- The term "interest tax shield" refers to the lower income taxes caused by interest expense deductions from taxable income. Mortgages, for example, may have an interest tax shield for buyers because mortgage interest is deductible against income.


A tax shield is a reduction in income taxes that occurs as a result of taking an allowable deduction from taxable income. For example, because debt interest is a tax-deductible expense, incurring debt creates a tax shelter.

Interest Tax Shield = Interest Expense × Tax Rate

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it is the duty of both the seller's agent and the buyer's agent to conduct a reasonably competent and diligent visual inspection of the property offered for sale. this duty applies to all property types except .

Answers

It is the responsibility of both the seller's agent and the customer's agent to conduct a fairly ready and diligent visible inspection of the property supplied for sale. this responsibility applies to all belongings sorts besides. FIRPTA Exemptions.

A real property dealer works to negotiate and arrange real property transactions. This certified person has day-by-day duties that consist of writing contracts and overseeing transactions for income and buying sports on homes, land, and business properties.

The characteristics of an international sale of products contract consist of the obligation of the vendor delivering the goods and switching the property in the products to the purchaser, which for its composition is of the same opinion to pay the rate for the goods and take delivery of them.

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Select the technological innovations that companies can use to develop products and services that match consumers' wants and needs more effectively
a. Social networking
b. Data bases
c. Blogs

Answers

All of the mentioned options are the technological innovations that companies can use to develop products and services that match consumers' wants and needs more effectively.

What do databases do?

A database is a collection of data organized for quick access, management, and update. In computer databases, information such as sales transactions, customer information, financial data, and product information are often stored as collections of data records or files.

What function does a database serve?

A database is often created to make it simple to store and access data. Any business or organization needs a reliable database. This is because the database contains all the necessary information about the business, including personnel records, transactional records, salary information, etc.

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What form of financing takes place when the merchant accepts payment immediately from the bank and the customer agrees to repay the bank?.

Answers

Credit Cards is the form of financing takes place when the merchant accepts payment immediately from the bank and the customer agrees to repay the bank.

What kind of business funding is commonly given by a bank or other monetary foundation?

A business credit is an obligation based subsidizing game plan between a business and a monetary organization like a bank. It is regularly used to subsidize significant capital consumptions or potentially cover functional costs that the organization may somehow or another not be able to manage.

Is much of the time utilized when an organization is needing funding?

Value supporting is utilized when organizations, frequently new businesses, have a momentary requirement for cash. It is commonplace for organizations to utilize value funding a few times during the method involved with arriving at development. There are two strategies for value funding: the confidential situation of stock with financial backers and public stock contributions.

What is considering and its cycle?

Calculating is a sort of money wherein a business would sell its records receivable (solicitations) to an outsider to meet its momentary liquidity needs. Under the exchange between the two players, the element would pay the sum due on the solicitations short its bonus or expenses.

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on an income statement, expenses, such as professional salaries, utilities, office supplies, rent, and insurance, are called FITB expenses.

Answers

It is a false statement that on an income statement, some expenses such as professional salaries, utilities, office supplies, rent, and insurance are called FITB expenses. It is called a general and administrative expenses.

What are general and administrative expenses?

In accounting, a general and administrative expenses refers to those expenses unrelated to a specific business unit or function which may be incurred as a benefit to the company as a whole. The G&A expenses are displayed on the income statement below the cost of goods sold.

The portion of this expenses is fixed as they are incurred regardless of the level of production or sales in a given period. On the variable portion, the management will attempt to reduce G&A expenses to the greatest extent possible.

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Which of the following statements are reasons why a monopolistic competitor is likely to engage in advertising?
I. To create a greater perception of product differentiation in the minds of potential consumers
II. To shift the demand curve for its product rightward.
III. To convey information about the product it is offering for sale.
A. I only
B. II only
C. III only
D. I,II, and III

Answers

The following statements are reasons why a monopolistic competitor is likely to engage in advertising:

I. To create a greater perception of product differentiation in the minds of potential consumersII. To shift the demand curve for its product rightward.III. To convey information about the product it is offering for sale.

Who is a monopolistic competition?

Monopolistic competition is a kind of imperfect competition whereby there are several producers competing against each other, but these producers in competition are selling products that are different from one another and hence are not perfect substitutes.

Therefore, the correct answer is as given above. Such competitor creates perception of product, shift the demand curve rightward and convey information about the product with advertisement. It can then be said that D. I,II, and III is the correct answer.

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