The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.
Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP). The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived. The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two. The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.Is double declining balance a method of straight-line depreciation?The straight-line depreciation technique, another and arguably even more frequent type of depreciation, depreciates an asset's value at a rate that is half that of the DDB depreciation method.What is double declining balance depreciation method?A type of accelerated depreciation method called the double-declining balance method doubles the rate at which an asset's value depreciates compared to the straight-line approach.Accelerated depreciation refers to the process of depreciation that occurs twice as quickly as the straight-line method.Learn more about double-declining-balance here:
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Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan: service cost: $6.3 million, expected return on plan assets: $1.3 million, actual return on plan assets: $1.1 million, interest cost: $1.5 million, payments to retired employees: $2.1 million, and amortization of prior service cost (created when the pension plan was amended causing a drop in the projected benefit obligation): $1.2 million. What amount should Harvey Hotels report as pension expense in its income statement for the year
Pension expense of Harvey Hotels in its income statement for the year= $7.7 million .
Service cost= $6.3 million.
Interest cost= $1.5 million.
Amortization of prior service cost= $1.2 million.
Expected return on plan assets= $1.3 million.
Pension expense=?
Pension expense is decreased by amortization of net gain.
Pension expense= (Service cost+ Interest cost- Expected return on plan assets+ Amortization of prior service cost
= (6.3 +1.5 +1.2)-1.3 .
= 7.7 million.
Pension expense of Harvey Hotels in its income statement for the year= $7.7 million.
What is meant by income statements?An income statement shows a company's revenues, expenses and profitability over a period of time. It is also sometimes called a profit-and-loss (P&L) statement or an earnings statement. It shows your: revenue from selling products or services. Expenses to generate the revenue and manage your business.What is income statement and its purpose?An income statement's objective is to display a company's financial success over a specific time frame. It narrates the financial history of a company's operations. You may discover all of the revenue and expense accounts for a specific time period in an income statement.Learn more about income statement here:
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The shape of the production possibilities curve
usually has a concave-shape. What does say about
the factors of production when the production
possibilities curse is a straight line?
When the production possibilities curve is a straight line, opportunity costs are the same no matter how far you move along the curve.
What is production possibilities curve?The production possibilities curve (PPC) is a graph that shows the different combinations of output that can be produced with given available resources and technology.
The PPC curve usually have a concave shape not a straight line because there is always a cost involved in making a choice.
For example:- when the quantity of one good produced is higher and the quantity of the other is low, it is known as the opportunity cost.
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On which financial statement and at what amount are accounts receivable reported?.
Edison manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the
The above-given situation is an example of shoe-leather costs.
What is inflation?In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.What are shoe-leather costs?The cost to individuals who must make numerous trips to the bank to withdraw more money for goods and services during periods of high inflation is referred to as a "shoe-leather cost." The phrase "shoe-leather cost" refers to how much your shoes will deteriorate if you walk to the bank more frequently.Therefore, the above-given situation is an example of shoe-leather cost.
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The planned elimination of many workers in order to enhance the organization's competitiveness is known as _____ and is often the result of a firm wanting to reduce its costs or because technology has replaced its need for labor.
Hello !
Answer:
The planned elimination of many workers in order to enhance the organization's competitiveness is known as downsizing and is often the result of a firm wanting to reduce its costs or because technology has replaced its need for labor.
Stephanie manages a team that has gone through a tremendous amount of transition over the last year. There have been multiple reorganizations, and many legacy software systems and practices have changed. Senior Leadership has just announced that they will be rolling out a new system for employees to track and record their work hours. Stephanie's team has expressed to her their concern over this most recent change. Stephanie attempts to calm the fears in her team by assuming which of the following roles?
a. Disturbance Handler. b. Negotiator. c. Entrepreneur. d. Resource Allocator.
Answer:
a Disturbance Handle
Explanation:
Paula has completed a mortgage application and provided evidence of employment, income, assets owned, and existing debt to the potential lending institution. Although Paula has not even begun the process of looking at possible homes to buy, she is eagerly awaiting news from the lender as to whether she has been approved for a mortgage. In what stage of the application process is she
She is at the stage of Prequalification in the application process.
What is Prequalification?Pre-qualification describes a credit assessment made by a lender based on data supplied by a borrower. Before providing a pre-approval, the lender must first pre-qualify a borrower by evaluating their creditworthiness.
Contractor PrequalificationThe process of acquiring and evaluating information to identify a contractor's capability, capacity, resources, management procedures, and performance is known as contractor prequalification.Financial capability and surety, job history, licensing and credentials, management standards, regulatory, quality, safety, and environmental performance data are examples of typical subject matter areas.Before accepting bids, local government uses audits to determine the prequalification standing of prospective bidders on projects. Only prequalified bidders will be given the opportunity to place a bid.learn more about prequalification in:
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Kris wants to start using a new software he feels would help complete the project faster. However, his team is concerned it's too risky given the amount of training needed. What should Kris do
Kris should adjust in accordance with the cooperative decision being taken by his team concerning the usage of new software.
What is software?Software is an application that instructs and implements tasks in a quicker and easier way through the computer or laptop.
According to the situation, the usage of new software would make the completion of the project on time as suggested by Kris. But his team thought that the training for using that software would be very costly to the firm and also become too risky for the project.
Therefore, the mutual decision taken by him and his team would be the ideal solution for completing the project on time.
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_____ is the practice of using team selling to focus on the firm's most important customers so as to build mutually beneficial, long-term relationships.
Key account management is the practice of using team selling to focus on the firm's most important customers so as to build mutually beneficial, long-term relationships.
Getting a prospect's commitment to buy during the closing stage of the selling process. Because the salesperson must ascertain when the prospect is prepared to buy, this stage is both the most crucial and the most challenging.accurate, complete, and step-by-step information is provided.Setting goals, structuring the sales force, hiring, choosing, training, and rewarding salespeople, as well as assessing each salesperson's performance, are all duties involved in managing personal selling.What is team selling approach?Account-based selling frequently employs the sales technique of team selling to increase transaction closing rates. Team selling, in its simplest form, is a collaborative sales method where two or more team members work together to earn business rather than working those accounts alone.Learn more about team selling approach brainly.com/question/23772356
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What is a task force? Group of answer choices a formal group whose members must be able to perform all tasks of the team a formal group whose members work permanently and spend most of their time in that team an informal group that has the same members as the permanent task-oriented group a temporary team formed to solve a problem, realize an opportunity, or design a product or service
A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
What is a task force?A task force is a team of individuals who have been given the temporary assignment to collaborate in order to accomplish a very specific and well-defined goal. A temporary team formed to solve a problem, realize an opportunity, or design a product or service. For instance, a drug task force operates separately from a police force to deal with concerns pertaining to the production, distribution, and use of illicit narcotics.What is collaboration?Collaboration is the process of two or more parties cooperating to carry out a task or realize an objective. Cooperation and collaboration are comparable. Leadership is a necessary component of most collaborations, albeit it can take the form of social leadership within an egalitarian, decentralized group.Therefore, the task force is a temporary team formed to solve a problem, realize an opportunity, or design a product or service.
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____________ reduces the number of levels in an organization's job structure. Multiple Choice Competency-based pay Red-circling Broadbanding Job evaluation Green-circling
The correct option is Delayering. It reduces the number of levels in an organization's job structure.
What is delayering?Delayering refers to ways of removing one or more levels of hierarchy from am organizational structure inorder to make it better. It is a way to flatten the organization's structure.
Layering is important because it helps an organization function better.
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Ben & Jerry's, Whole Foods Market, Stonyfield Farm, TOMS, Keurig Green Mountain, and Patagonia all have engaged in visible and well-publicized activities as socially conscious companies with which major result?
To increase buyer patronage, socially aware businesses like Ben & Jerry's, Whole Foods Market, Stonyfield Farm, TOMS, Keurig Green Mountain, and Patagonia have all taken part in conspicuous and well-publicized initiatives.
Patronage buying motives are those thoughts or causes that lead a customer to choose a specific store over others while making a purchase.
Emotional reasons behind buyer patronage:
1. Aesthetics: Sometimes a store's appearance is what draws customers in. Customers are frequently drawn to a well-furnished, clean, well-decorated store with all the current conveniences.
2.Observations: Customers might go to a store based on the advice of their friends and family. Typically, these friends and family members are contented shoppers at that particular store. As a result, they spread the word to others about the good customer service provided there.
3. Plagiarism: Customers are frequently encouraged to copy others since it seems simpler than making their own decisions. This drive is strong, especially among women. However, this drive might not last long.
4. Reputation: Prestige and dominance are the main driving factors behind immensely rich customers' purchases. They may purchase stuff that they may not even need since their need for prestige is so strong. They occasionally purchase the most expensive item. They'll pay a higher amount for goods to keep their esteem. Such people continue to patronize a store or a dealer out of respect for them.
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A(n) compromise law specifies a requirement for organizations to notify affected parties when they have experienced a specified type of loss of information.
A(n) breach compromise law specifies a requirement for organizations to notify affected parties when they have experienced a specified type of loss of information. This is further explained below.
What is compromise law?Generally, Compromising is making a deal with the other side instead of fighting it out in court or settling out of court.
In conclusion,When a certain sort of loss of information occurs, an organization is required by law to notify those who may be harmed as a result of the breach or compromise.
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The same basic formulas used for materials and labor are used to analyze ______ portion of manufacturing overhead. Multiple choice question. the fixed both the variable and fixed the variable neither the variable nor fixed
The same basic formulas used for materials and labor are used to analyze the variable portion of manufacturing overhead, which means Option B.
What is manufacturing overhead?manufacturing overhead serves as the addition of of all the indirect costs during the manufacturing process of the product.
An this It is added to the cost as well as direct material and direct labor costs after the final product.
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The presence of ___________ product or pricing options permits people to more precisely select the choice that makes them happiest. The presence of ___________ product or pricing choices often leads to excessive amounts of customer analysis, which in turn facilitates future customer paralysis.
The presence of fewer product or pricing options permits people to more precisely select the choice that makes them happiest while selection of many result in excessive amounts of customer analysis.
What are products?Product are those goods as well as services that a company can produce or offer to the consumer.
In this case, presence of fewer product or pricing options permits people to more precisely select the choice that makes them happiest .
Therefore the correct options to fill in the gap are Fewer; Many .
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The Allowance for Doubtful Accounts is a contra-asset account. Increases to the account (to record the period's estimated bad debt expense) are recorded with ______. Multiple choice question. credits debits
They are recorded as debit as Allowance for Doubtful Accounts.
Allowance for doubtful accountsAn allowance for doubtful accounts is a contra account that nets against the total receivables presented on the balance sheet to reflect only the amounts expected to be paid. The allowance for doubtful accounts estimates the percentage of accounts receivable that are expected to be uncollectible. However, the actual payment behavior of customers may differ substantially from the estimate.
KEY TAKEAWAYS
The allowance for doubtful accounts is a contra account that records the percentage of receivables expected to be uncollectible.
The allowance is established in the same accounting period as the original sale, with an offset to bad debt expense.
The percentage of sales method and the accounts receivable aging method are the two most common ways to estimate uncollectible accounts.
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gTeamCo has just completed a several month planning review project. Valerie is a public relations associate for TeamCo and is preparing a press release noting their purpose and core values, along with their services, customers, products, and customers. What is the best way to describe the document that Valerie is working on
The team's objective is outlined in this document.
What Is the Role of a Public Relations Associate?A public relations associate is in charge of supporting the operations of the public relations department in creating campaigns and promotions to enhance brand image across multiple digital platforms and other communication media. Associates in public relations manage press releases, produce digital material, plan public gatherings, and spot business prospects that could bring in more money and draw in new customers. Additionally, they accurately inform the public of firm news and noteworthy developments. Excellent organizational and communication skills are essential for a public relations associate, especially when it comes to meeting deadlines and meeting client demands.
What are public relations associate responsibilities?
Here are some duties from actual public relations associate resumes that depict typical duties they would probably carry out in their positions.
Organize festival volunteers and oversee the event's online and social media presence.Work with the managers to update and tweet the daily deals and promotions.Prepare and implement the company's first SEO strategy while working on the affiliate marketing plan.Make a content archive.Create and administer social media profiles.Learn more about public speaking with the help of the given link:
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On a day when AHJ Corp. stock is trading at $100 per share, the company executes a block trade, buying back 100,000 of their shares at $103. Assume the par value of the stock is $1 per share. AHJ repurchases the stock reserving the right to reissue the shares in the future. What would be the impact of this transaction on AHJ's balance sheet
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Suppose England exports cars to Australia and imports cheese from Mexico. This situation suggests that Group of answer choices England has an absolute advantage relative to Mexico in producing cheese, and Australia has an absolute advantage relative to England in producing cars. England has a comparative advantage relative to Australia in producing cars, and Mexico has a comparative advantage relative to England in producing cheese. England has an absolute advantage relative to Australia in producing cars, and Mexico has an absolute advantage relative to England in producing cheese. England has a comparative advantage relative to Mexico in producing cheese, and Australia has a comparative advantage relative to England in producing cars.
If England exports cars to Australia and imports cheese from Mexico. Then, "England has an absolute advantage relative to Australia in producing cars, and Mexico has an absolute advantage relative to England in producing cheese".
What is import and export of goods?Exporting is the process of selling goods and services that are produced or sourced domestically in other nations.
The advantages of exporting are-
reaching out on a worldwide level.higher profits.risk reductionincreased market share and competition.the benefits of scale.government assistance.Purchasing products and services abroad and bringing them back home is referred to as importation.
The importance of importing are-
launching fresh goods on the market.lowering expensesbeing a pioneer in the field.providing goods of excellent quality.know the difference between imports and exports, here
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If market interest rates decrease from 7% to 6%, what happens to the value of a $1,000 bond with a fixed interest rate
If market interest rates decrease from 7% to 6%, it will increase to the value of a $1,000 bond with a fixed interest rate.
A basic principle of bond investing is that market interest rates and bond prices generally move in opposite directions. When market interest rates rise, fixed-rate bond prices fall. This phenomenon is known as interest rate risk.
If the market interest rate is lower than the contract interest rate, the bond will be sold above its face value. This is because investors are willing to pay more for a bond that pays a higher contract rate than they would get for a similar bond (market rate).
Bond prices are inversely proportional to interest rates. This means that when interest rates rise, bond prices fall, and when interest rates fall, bond prices rise.
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With Dollar Shave Club, you can sign up online for a subscription of shaving and personal care products to be delivered to your home without a face-to-face meeting with a salesperson. Dollar Shave Club uses a(n) _____Blank marketing channel.
In the case of Dollar Shave Club described above, the business uses the Direct Marketing Channel.
What is Direct Marketing Channel?The direct marketing channel is used when advertising products outside of fixed retail outlets.
When people buy our products online in this day and age, direct marketing is used.
In place of an established offline marketing position, the online outlet now serves as a channel for selling to customers directly.
Direct marketing techniques include emails, online ads, flyers, database marketing, promotional letters, newspapers, outdoor advertising, phone text messaging, magazine ads, coupons, phone calls, postcards, websites, and catalog distribution.
Following are some of the main direct marketing channels: Face-to-face sales, direct mail, catalog marketing, telemarketing, TV, and other direct response media are among the other marketing methods. Kiosk marketing is another.
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Nikita reviews job applicants and screens their applications into thee piles: highly qualified, qualified, and not qualified. She then lets the hiring manager see those who are highly qualified and qualified. This is part of
Nikita reviews job applicants and screens their applications into thee piles: highly qualified, qualified, and not qualified. She then lets the hiring manager see those who are highly qualified and qualified. This is part of selection.
What is the difference between job analysis and work analysis?Work analysis is thorough and systematic, much like job analysis.However, the result is different. While work analysis finds potential new occupations and the need to reorganize and restructure, job analysis highlights tasks and duties.What is job analysis process?Work analysis is the methodical process of compiling all relevant data on a particular job, such as skill requirements, roles, duties, and procedures, in order to produce a reliable job description.What is a job analysis example?During a job analysis, expected performance levels are frequently stated.Performance appraisal forms can be created using data from a job analysis. A form that lists the tasks or behaviors of the job and specifies the desired performance level for each would be an example of one based on a job analysis.Learn more about selection here:
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The owners of the newly created Colorado Steakhouse Corp. have conducted a SWOT analysis of its competition and sees a marketing opportunity for its new Colorado Steakhouse restaurant. They have developed its marketing plan to include the type of products it will sell, the location for the restaurant, and the pricing strategy it will use. Their plan includes a marketing objective to make a profit of 5% the first year of operation. So far, the owners of the restaurant have eliminated a key piece of the marketing plan, which is
The owners of the Colorado Steakhouse forgot to add the vital information to the Market plan regarding the fellow competitors to their market.
What is a Market Plan?A market plan is a part of the business plan of an organization in which the organization's goals, values, mission statement, budget, and tactics are all covered. It describes the approach a business will take to sell its goods to consumers.
What is a SWOT Analysis?SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT analysis is a tool that can assist you in identifying the current strengths of your business and developing a winning future strategy. SWOT can also reveal business issues that are hindering you or that, if undefended, your competitors could use against you.
It helps you to pinpoint your business's limitations and strengthsGives you better clarity on how to cope with these challenges, risky assumptions and to uncover dangerous blind spots about your organization's performanceMaking lists is a part of SWOT analysis, but there is also so much more! Your research and thought process as you start to develop one list, such "Strengths," will inspire ideas for the other categories (Weaknesses, Opportunities or Threats) and to build connections and contradictions which can be overcome.Therefore, the owners of the Colorado Steakhouse Corp. have conducted a SWOT analysis, but it hasn't included much about the Weakness and Opportunities part in its marketing plan.
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The owners of the Colorado Steakhouse restaurant have eliminated a key piece of the marketing plan ,which is: specifying how they will achieve their marketing objective.
What is a Market Plan?A market plan is a part of the business plan of an organization in which the organization's goals, values, mission statement, budget, and tactics are all covered. It describes the approach a business will take to sell its goods to consumers.
What is a SWOT Analysis?SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT analysis is a tool that can assist you in identifying the current strengths of your business and developing a winning future strategy. SWOT can also reveal business issues that are hindering you or that, if undefended, your competitors could use against you.
Therefore, the owners of the Colorado Steakhouse Corp. have conducted a SWOT analysis, but it hasn't included much about the specifying how they will achieve their marketing objective marketing plan.
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When marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives. Question 2 options: True False
It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
What is marketing?Marketing involves promoting a particular products. It involves setting an objective which when attainable will make the workers happy and willing to do more even when tedious.
Therefore, It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
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In november 2014 the miami marlins agreed to pay giancarlo stanton $325 million over 10 years
Based on the salary and the ticket price, the number of tickets per home game that Miami Marlins would have to sell each year is 7,296 tickets.
How many tickets should Miami Marlins sell?Assuming the ticket number per game is t, the amount that Miami Marlins would make in 10 years is:
= 81 x 55 x 10
= 44,550x
The number of tickets to be sold is:
44,550x = 325,000,000
x = 325,000,000 / 44,550
= 7,296 tickets
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Some companies use ____ as internal tools for teams working on a project requiring lots of documentation.
Some companies use wikis as internal tools for teams working on a project requiring lots of documentation.
What is a wiki?A wiki is a hypertext publication collaboratively edited and managed by its own audience directly. A typical wiki contains multiple pages for the subjects or scope of the project and could be either open to the public or limited to use within an organization for maintaining its internal knowledge base.
Therefore, the correct answer is as given above.
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Which statement identifies a reason a federal minimum wage was first established?
Small business owners sought to hire more people.
Workers needed fair compensation for their labor.
The federal government wanted to increase revenue.
Corporations required more highly skilled professionals.
The correct statement is : ( B ) Workers needed fair compensation for their labor.
Reason for the establishment of the federal minimum wageThe federal minimum wage was established to protect workers by providing fair compensation for their labor and establishing a
standard of living. The federal minimum wage was first introduced to cushion the effect of the post -depression era.
Hence we can conclude that the correct statement is Workers needed fair compensation for their labor.
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Answer: workers needed fair compensation for their labor
The word ____________ refers to promotional clutter, and to other distracting stimuli that cause consumers to lose attention or forget specific content in a marketing message.
The word Noise refers to promotional clutter, and to other distracting stimuli that cause consumers to lose attention or forget specific content in a marketing message.
Sound is described as vibrations that journey thru the air or another medium that can be heard after they attain someone's or animal's ears. Noise is described as an unwanted sound. In engineering, noise has the additional connotation of signals varying over the years which means, that sound connotes meaningful signals.
Noise is defined as any undesirable or disagreeable sound and is regularly disregarded without a doubt as a “nuisance.” but, noise can end up dangerous whilst it interferes with a toddler's normal sports, such as napping or speaking, or disrupts or diminishes a child's fitness or exceptional of existence.
But, repeated exposures to loud noise can cause permanent tinnitus and/or listening loss. Loud noise can create physical and mental pressure, lessen productivity, intrude on verbal exchange and awareness, and contribute to administrative center injuries and injuries by making it tough to hear warning signals.
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When a customer purchases merchandise inventory from a business organization, she may be given a discount which is designed to induce prompt payment. Such a discount is called a(n)
a customer purchases merchandise inventory from a business organization, she may be given a cash discount.
A trade discount is a deduction from the list price of an item offered to a customer by a trader at an agreed rate. In contrast, a cash discount is a rebate given to a customer if he or she pays cash for an item purchased within a specified time period.
To calculate the cash discount, the formula uses the price and rate. The formula is: Discount = purchase price x discount rate. For example, if the product is priced at $ 200 and the discount rate is 10%, the discount will be $ 20. That means consumers can save $ 20.
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a human resource issue, is a possible cause of cost overruns in an organization. a. Inaccurate demand forecast b. Unrealistic estimates c. Inadequate training d. Poor monitoring of progress
The answer is the 'c' option. Which is inadequate training.
Any training that does not satisfy the needs of the business in terms of both quantity and quality is referred to as inadequate training.
This means that while determining your ideal training requirements, quality and quantity cannot be ignored.
The opportunity cost of Inadequate training includes:
There never seems to be enough time for everyone to do their work. Employee engagement is decreased when employees are sent on training that is ineffective, and the company pays for the time the employees could have spent working instead.Workers with more training produce work of greater quality. As a result, consumer acquisition and retention rates grow. The company is losing a lot of money in lost income because it isn't maximizing its employees' talents through frequent and effective training.The most successful businesses find a way to promote from the inside. This maintains a strong business culture and offers internal career options. You can develop the company's future top managers by giving them management training.Hence, inadequate training, a human resource issue, is a possible cause of cost overruns in an organization.
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