a machine is purchased on january 1, 2021, for $118,000. it is expected to have a useful life of eight years and a residual value of $19,000. the company closes its books on december 31. under the double-declining balance method, what is the total amount of depreciation to be expensed during the 2022?
Answers
The total amount of depreciation to be expensed during 2022 under the double-declining balance method is $22,125.
To calculate the depreciation expense for 2022 using the double-declining balance method, follow these steps:
1. Determine the straight-line depreciation rate: Divide 100% by the useful life of the machine.
Straight-line depreciation rate = 100% / 8 years = 12.5%
2. Double the straight-line depreciation rate.
Double-declining balance rate = 12.5% * 2 = 25%
3. Calculate the depreciation expense for 2021.
Depreciation expense for 2021 = $118,000 * 25% = $29,500
4. Subtract the 2021 depreciation from the machine's original cost to get the book value at the beginning of 2022.
Book value at beginning of 2022 = $118,000 - $29,500 = $88,500
5. Calculate the depreciation expense for 2022 using the double-declining balance method.
Depreciation expense for 2022 = $88,500 * 25% = $22,125
So, the total amount of depreciation to be expensed during 2022 under the double-declining balance method is $22,125.
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Related Questions
With other factors held constant, as the effect of the independent variable (effect size) decreases, power will _______ and the probability of a Type II error will _______
Answers
With other factors held constant, as the effect of the independent variable (effect size) decreases, power will decrease and the probability of a Type II error will increase.
Power refers to the ability of a statistical test to detect a true effect or difference when one exists. As the effect size decreases, it becomes more difficult to detect a true effect, so the power of the statistical test will decrease. When the power of a test is low, there is a higher probability of a Type II error, which occurs when the null hypothesis is not rejected even though it is false. In other words, a Type II error occurs when a statistical test fails to detect a true effect, and this probability increases as the power of the test decreases.
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what type of partnership involves both general and limited partners to run the business?
Answers
the type of partnership that involves both general and limited partners to run the business is called a limited partnership.
In a limited partnership, the general partner(s) are responsible for managing the day-to-day operations of the business, while the limited partner(s) provide capital and share in the profits, but have limited liability and are not involved in the management of the business.
Limited partnerships are commonly used in situations where a business needs additional capital to expand or grow, but the existing owners do not want to dilute their ownership interest by selling equity to outside investors. By bringing in limited partners, the general partners can raise the necessary capital while still retaining control over the business. Limited partnerships are also advantageous because the limited partners are not personally liable for the debts and obligations of the business, which can provide additional protection to their personal assets. However, the general partners do have unlimited liability and can be held personally liable for any debts or legal issues that arise.
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lents for Chefs on O*NET
Click this link to view O*NET's Education section for Chefs. According to O*NET, what are the three most common
levels of education Chefs hold? Check all that apply.
O associate degree
master's degree
high-school diploma or equivalent
less than high-school diploma
bachelor's degree
doctoral degree
Intro
Answers
According to the O'NETS education sector, the degrees that chefs need to have are:
associate degreehigh-school diploma or equivalentless than high-school diplomaWho is a chef?A chef is a term that is used to refer to a cook that has been professionally trained on the ways to prepare several meals.
A chef is a person that is able to prepare different dishes and they are known to focus on one cuisine often times.
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Answer: The answer is 1 3 4
Explanation:
I got it right
Outline TWO benefits of using the FIFO system for Mcdonald’s
Answers
There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;
What is FIFO?
FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.
Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.
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A company in Maine sends lobsters to France What is Maine doing? Select three options
Answers
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
Suppose a 20-year $1,000 7% Treasury note with semiannual coupon payments offers a 5% yield. What price would an investor pay to buy this note?
A. $1,251.03
B. $958.24
C. $768.85
D. $1,164.12
Suppose a 10-year $1,000 5% corporate bond with semiannual coupon payments offers a 7.14% yield. What price would an investor pay to buy this bond?
$848.89
$1,121.71
$883.98
$1,019.32
Answers
The price an investor would pay to buy the 20-year $1,000 7% Treasury note with semiannual coupon payments, which offers a 5% yield can be calculated as follows:The face value of the bond is $1,000.The coupon rate is 7%. It is paid semi-annually.The maturity period is 20 years.The yield is 5%.
It is the annual rate and is also called the discount rate or the required rate of return.The price an investor would pay to buy this note is calculated as the present value of the future cash flows, which includes the coupon payments and the face value of the bond at maturity.
Using the formula,
PV of bond = Σ(CFt) / (1+r)t,
where
CFt = cash flow in period t, r = required rate of return, and t = time period
The cash flows for the bond are as follows:
Year Cash flow Discount factor
(1+r)t
Present value (CFt / (1+r)t)1 $35 1.025 $34.152 $35 1.051 $32.2703 $35 1.078 $30.3954 $35 1.105 $28.5265 $35 1.133 $26.6636 $35 1.162 $24.8077 $35 1.191 $22.9578 $35 1.221 $21.1139 $35 1.252 $19.27410 $1,035 1.283 $804.9411 $1,035 1.315 $786.4712 $1,035 1.348 $768.34
The present value of the future cash flows is $1,251.03.
The investor would pay $1,251.03 to buy this note.
Hence, the correct option is A. $1,251.03.
Now, let's calculate the price an investor would pay to buy the 10-year $1,000 5% corporate bond with semiannual coupon payments, which offers a 7.14% yield.
Using the formula,
PV of bond = Σ(CFt) / (1+r)t, where CFt = cash flow in period t, r = required rate of return, and t = time period
The face value of the bond is $1,000.
The coupon rate is 5%. It is paid semi-annually.The maturity period is 10 years.The yield is 7.14%. It is the annual rate and is also called the discount rate or the required rate of return.
The cash flows for the bond are as follows:
Year Cash flow Discount factor
(1+r)t Present value (CFt / (1+r)t)1 $25 1.035 $24.2152 $25 1.071 $23.3303 $25 1.108 $22.4564 $25 1.146 $21.5925 $25 1.185 $20.7376 $25 1.225 $19.8917 $25 1.266 $19.0538 $25 1.308 $18.2249 $25 1.351 $17.40210 $1,025 1.394 $737.06
The present value of the future cash flows is $1,121.71.
The investor would pay $1,121.71 to buy this bond.
Hence, the correct option is B. $1,121.71.
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When the United States spends money on education, does this cause the nation's GDP to grow or decline?
Answers
Answer:
the gdp of the united states stays the same because the money the put into it is the tax payers money
Explanation:
with reference to the reporting of net cash flow from operating activities, which method do most companies use and why?
Answers
Most companies use the indirect method for reporting net cash flow from operating activities in their financial statements. because indirect method starts with net income and adjusts it for non-cash items and changes in working capital to derive the net cash flow from operating activities.
The indirect method is preferred by most companies because it is simpler and less time-consuming than the direct method, which involves reporting cash flows from individual operating activities. The indirect method utilizes the information already available in the income statement and balance sheet, making it easier for companies to prepare their cash flow statements.
The indirect method also provides additional information by reconciling net income to net cash flow from operating activities. This reconciliation helps users of financial statements understand the reasons for differences between net income and net cash flow from operating activities. It highlights the impact of non-cash items such as depreciation and amortization, changes in working capital, and other adjustments
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On a coordinate plane, a curved line with a minimum value of (negative 1, negative 2), crosses the x-axis at (negative 2, 0) and the y-axis at (0, 0). Determine the x-intercepts of the function. Check all that apply.
Answers
Answer:
i know its late but
ON EDG 2020
(-2,0) and (0,0)
Explanation:
Hope this helps!
(probably not)
Answer:
A and C
Explanation:
Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
Answers
1. Which of the following are tasks associated with business administration positions? (2 poi
Select the two that apply.
answering phones
designing goods for production
delivering goods to market
maintaining records
repairing computers
Answers
Answer:It's A
Explanation: Took the test
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answers
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answers
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
Explain why people are just willing to give units of x and y away for free, if every consumer's utility function over goods x and y is given by min(x,y)
Answers
The reason people are willing to give units of x and y away for free when every consumer's utility function over goods x and y is given by min(x,y) is because of the concept of "diminishing marginal utility."
Diminishing marginal utility means that as you consume more and more of a good, the additional satisfaction or utility you derive from each additional unit decreases. In the case of the utility function min(x,y), it means that the utility a consumer gets from consuming goods x and y is determined by the smaller of the two quantities.
Now, let's consider why someone would be willing to give away units of x and y for free. Imagine there are two consumers, A and B, who each have excess units of goods x and y. Consumer A has more units of good x, while consumer B has more units of good y.
If consumer A were to give some units of x to consumer B, it would increase consumer B's utility, as the smaller of the two quantities (y) would increase.
Similarly, if consumer B were to give some units of y to consumer A, it would increase consumer A's utility, as the smaller of the two quantities (x) would increase.
By giving away units of x and y, both consumers can increase their utility, even if it means they have fewer total units of goods x and y. They are willing to do so because the additional utility gained from increasing the smaller quantity outweighs the utility lost from having fewer total units.
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A global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols.
Answers
Answer:
The correct answer is "Internet".
Explanation:
A global structure of data networks, the collection of several types of networks throughout which the clients at any device will, whether they have the authorization, obtain some technical information from other devices, recognized as an internet. Which utilizes a fraction of that same cumulative capacity of the already additional infrastructure network systems.a company receives $5,000 payment from a customer for a sale originally made on credit terms. what journal entry should be made?
Answers
The journal entry for the $5,000 payment received from a customer for a sale made on credit terms would be as follows:
Debit: Accounts Receivable (Asset account) $5,000
Credit: Cash (Asset account) $5,000
A journal entry is a record in a company's accounting system that documents a financial transaction. In this case, the $5,000 payment received from a customer for a sale made on credit terms would be recorded as follows: debit Accounts Receivable (Asset account) $5,000 and credit Cash (Asset account) $5,000. This entry shows a decrease in Accounts Receivable (the customer's debt to the company) and an increase in Cash (the actual payment received). This journal entry is important for accurately tracking the company's financial information and making informed business decisions.
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Which credit utilization rate would be preferable to a lender on a credit card application?
Answers
Your credit utilization ratio should be no higher than 30 percent, and the lower it is, the better for your credit score it will be.
What is the best credit card utilization rate?30 percent Keeping your credit utilization below 30 percent is a good idea, especially if you want to keep your good credit score. This means that if you have $10,000 in credit available, your outstanding balances shouldn't be more than $3,000 at any given time.
Why is credit utilization recommended at 30%?The normal exhortation is to continue to spin obligation beneath 30% of your accessible credit with the goal that your usage rate doesn't hurt your financial assessment. However, experts claim that your FICO score, which is used by the majority of lenders to make decisions, begins to decline well below that point.
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[The following information applies to the questions displayed below] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: If Dahlia sells 800 shares of Microsoft for$40,000on December 20.2022 , what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. o. She uses the FIFO method. [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: If Dahila sells 800 shares of Microsoft for$40,000on December 20,2022, what is her capital gain or loss in exich of the following assumptions? Note: Do not round intermediate calculations. b. She uses the specific identification method and she wants to minimize her currenlyear capiai gain.
Answers
Dahlia would have a capital loss of $20,000
The specific identification method allows Dahlia to choose which shares of Microsoft she is selling, which means she can select the shares with the lowest cost basis in order to minimize her current year capital gain. In order to determine her capital gain or loss, we need to calculate the cost basis of the shares she is selling.
a. Using the FIFO method:
Assuming Dahlia bought the following shares of Microsoft stock:
- 100 shares on January 1, 2015 for $30 per share
- 200 shares on June 1, 2017 for $40 per share
- 300 shares on September 1, 2018 for $50 per share
- 200 shares on April 1, 2020 for $60 per share
The shares she is selling using the FIFO method would be the first 800 shares she bought, which would be 100 shares from 2015, 200 shares from 2017, and 500 shares from 2018. The total cost basis for these shares would be:
(100 shares x $30 per share) + (200 shares x $40 per share) + (500 shares x $50 per share) = $27,000 + $8,000 + $25,000 = $60,000
Her capital gain would be the sale price minus the cost basis:
$40,000 - $60,000 = -$20,000
This means she would have a capital loss of $20,000.
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When would seller financing not be used? the seller desires to take advantage of the installment method of reporting the gain from sale
Answers
Seller financing would not be used when the seller desires to take advantage of the installment method of reporting the gain from the sale. The installment method allows sellers to report the gain from the sale of an asset over multiple years, spreading the tax liability over the installment period. This method is beneficial when sellers want to defer the recognition of the full gain and its associated tax consequences.
However, there are situations when seller financing may not be suitable:
Need for immediate cash: If the seller requires immediate cash from the sale to meet financial obligations or invest in other opportunities, they may prefer to receive the full payment upfront rather than providing financing and receiving payments over time.
Risk of default: Seller financing involves the risk that the buyer may default on the payments, resulting in financial loss and potential legal complications for the seller. If the seller is not comfortable assuming this risk, they may choose not to offer seller financing.
Limited interest income: In some cases, the interest income generated from seller financing may not be significant or attractive enough for the seller. If the potential interest income is relatively low compared to the risks and efforts involved in providing financing, the seller may opt for alternative payment options.
Preference for a lump-sum payment: Some sellers may prefer a lump-sum payment to simplify their financial situation or to make large purchases or investments. In such cases, they may prefer to sell the asset outright rather than extending financing.
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does anyone have a way or trick on using like blocked websites on a school chromebook?
Answers
Question 4 of 10 Which sentence best completes the diagram? The Bretton Woods system begins. ? A. Countries tie their currencies to the value of the U.S. dollar. O B. The United States refuses to allow U.S. dollars to be spent in foreign markets. C. The standard of living in the United States begins to fall rapidly. D. International demand for U.S. dollars reaches its lowest point in history SUBMIT
Answers
Bretton Woods system came in July 1944 when the countries agreed to tie their values to the U.S. dollar.
When did the Bretton Woods system come into being?In July 1944, delegates from forty-four countries met in Bretton Woods, New Hampshire, to create a new international monetary system. The conference's delegates agreed to establish the International Monetary Fund and the World Bank Group.
Bretton Woods system comes into being when the countries tie their currency's value to the U.S. dollar.
Therefore option A describes the Bretton Woods system.
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Answer:
D. The exchange rate for the country's currency increased
Explanation:
a p e ex
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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What is everyone planning to do this summer?
Answers
Answer:
read, relax, try to sleep in as long as I want, work out, and eat lol
have a good day :)
Explanation:
Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
A person who holds him- or herself out as a specialist or knowledgeable in a certain type of business is one type of
O negotiator
O offeree
O merchant
buyer
Answers
Answer:
Merchant
Explanation:
Economic policies that help one group of people, such as farmers, at the expense of everyone else is often the result of __________.
Answers
Answer:Narrow thinking.
Explanation:
Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Which of the following could help her improve her ability to manage her new subordinates?
A) Updating her résumé as an exercise to reflect on her career path to date and what her next step should be
B) Taking an extension class in how to read a company’s financial statements
C) Reflecting on the effects of her past actions to evaluate how they affected herself and others
D) Understanding that her management style has gotten her a promotion so she should not change anything
Answers
Answer:
C) Reflecting on the effects of her past actions to evaluate how they affected herself and others
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
In this scenario, Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Thus, what could help her improve her ability to manage her new subordinates is reflecting on the effects of her past actions to evaluate how they affected herself and others.
Generally, having a reflection on past decisions and actions would help anyone in a leadership position to assess or evaluate how they have affected their organization, subordinates and themselves either positively or negatively.
the other potential tenant prefers a fixed lease payment that will not increase over the 5-year lease. what is the minimum fixed annual rental payment you would accept for a five-year agreement? use a discount rate of 10%.
Answers
As a result, $252,358.68 is the lowest fixed yearly rental payment we will take for a five-year contract with a 10% discount rate.
We must compute the present value of the rental payments over the 5-year lease period using a discount rate of 10% in order to get the minimal fixed yearly rental payment.
The PV of a 5-year annuity with an annual payment of X is determined by: Assuming that the rental payments are made at the end of each year, the PV of the annuity is:
PV = X x [1 - (1 / (1 + r)^n)] / r
Where:
r = discount rate
n = number of periods
In this case, r = 10% and n = 5.
If we set the present value equal to the cost of leasing the space (i.e., the amount we are willing to accept), we can solve for X:
PV = X x [1 - (1 / (1 + r)^n)] / r
Rearranging this equation, we get:
X = PV x r / [1 - (1 / (1 + r)^n)]
Let's assume that the cost of leasing the space is $100,000.
rental payment:
X = $100,000 x 10% / [1 - (1 / (1 + 10%)^5)]
X = $100,000 x 0.10 / [1 - (1 / 1.61051)]
X = $100,000 x 0.10 / 0.395849
X = $252,358.68
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Tracey decides to lease a car for two years. She puts $0 money down and pays $209.15 per month. At the end of the lease, Tracey can buy the car for $11 000. The selling price of the car today is $13 500. What is the total cost of the car if Tracey buys it at the end of the lease?
Answers
Answer:
$16,019.6
Explanation:
The amount of money Tracey puts down for the car = $0
The amount Tracey pays each month for the lease the car = $209.15
The number of years Tracey leases the car = 2 years
The amount at which Tracey can buy the car at the end of the lease, Pp = $11,000
The selling price of the car today = $13,500
The total amount Tracey pays while leasing the car for two years, L = $209.15/month × 2 years × 12 months/year = $5,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = Pp + L
∴ C = $11,000 + $5,019.6 = $16,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = $16,019.6.
Which guideline is recommended by the SOFTEN model of nonverbal communication? Multiple Choice a. Go through your presentation quickly because most audiences have a short attention span.b. Lean back and lower your shoulders to convey self-confidence while presenting. c. Use your facial expressions to connect with your audience and show enthusiasm for your topic. d. Speak in a steady tone and avoid dramatic modulation of your voice as much as possible. e. Avoid gesturing with your hands, arms, body, and head as it is distracting
Answers
The guideline recommended by the SOFTEN model of nonverbal communication is: Use your facial expressions to connect with your audience and show enthusiasm for your topic.
The SOFTEN model emphasizes the importance of nonverbal cues in effective communication. "S" stands for Smile, "O" stands for Open posture, "F" stands for Forward lean, "T" stands for Touch (appropriate and professional), "E" stands for Eye contact, and "N" stands for Nod. These guidelines help individuals enhance their nonverbal communication skills and establish a positive connection with their audience. Using facial expressions to convey enthusiasm and engagement can be particularly effective in keeping the audience's attention and building rapport.
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