Which of the following would be considered an economic event that requires an accounting transaction? A : corporate decisions about new product lines B : the hiring of a new employee C : creation of prototypes to accompany a bid for work D : the purchase of new computers

Answers

Answer 1

Answer: A.) corporate decisions about new product lines
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Mellow Co. depreciates a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning of the fifth year, it is determined that the asset will last another four years. What amount should Mellow report as depreciation expense for year five?

Answers

Answer:

$600

Explanation:

Using the straight-line depreciation method:

Cost amount $12,000:

useful life five years

depreciation per year: =$ 12000/ 5

=$ 2,400.00

Book value at the beginning of year five:

=cost price minus four years of depreciation

=$12,000-($2400 x 4)= $ 12,000- $ 9,600

=$2, 400.00

Another four years of useful life:

Depreciation = Book value /4

=$2400/4

= $600

Howard Industries is a computer manufacturer located in Laurel, MS. This company is interested in expanding internationally. Which of the following is a cultural factor that affects consumer behavior and marketing strategy that Howard Industries needs to be aware of _________________.a) Nonverbal communications
b) Natural resources
c) Economic conditions
d) Exchange rates
e) All of the above

Answers

Answer:

The correct answer is a) Nonverbal communications.

Explanation:

Nonverbal communication is a communication process in which there is a sending and receiving of messages without words, that is, by means of signs, gestures and signs. It has no syntactic structure, so it is not possible to analyze sequences of hierarchical constituents. The messages can be communicated through kinesics (gestures, body language, posture, facial expression, eye contact, etc.) the language; the proxémica and the chronémica.

Nick won a $1,000 lottery prize. He can't decide what he should spend the money on. For some time now, he has been planning to buy a gaming console, a bicycle, and a watch. But he also needs to save money for an overseas trip in the future. He can give up the bicycle and the watch, but he really wants that gaming console. On the other hand, he also wants to experience a foreign culture. In the end, he decides to save the whole amount for the trip. Which item is the opportunity cost of Nick’s trip?

Answers

The item which will be the opportunity cost is a gaming console.

What is opportunity cost?

Opportunity costs are the possible advantages that a person, investor, or company neglects while deciding between two options. It can be determined by making a comparison between two alternatives.

In the given case, there are four options given which include buying a gaming console, a bicycle, and a watch. Apart from that nick also wants to save money for an overseas trip.

After giving up on the bicycle and watch, he got confused over the gaming console and the trip and later decided to save the whole amount for the trip. In this case, he neglects the gaming console.

Therefore, gaming console will be the opportunity cost as it got ignored when selecting trip as decisions for saving.

Learn more about Opportunity costs, here:

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The 2 important choices were:
1) buying a gaming console
2) going on an overseas trip

The opportunity cost is the gaming console. He had to give up buying the gaming console when he decided to save for the overseas trip.

The bicycle and the watch were not treated as opportunity costs because he willingly disregarded those items from his wants.

The price that a store pays for goods to the company that manufacturers those goods is called the:A fixed price

B retail price

C wholesale price

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I believe it is C, wholesale price.

Attending an impromptu sales meeting at the office is an example of a _____.

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the answer is Locational sensitive task.

Answer:

Explanation:

Locational sensitive task.

The requirement that only voluntary confessions be admitted grows out of the _____ Amendment

Answers

The correct answer to the question is 5th Amendment. The requirement that only voluntary confessions be admitted grows out of the 5th Amendment. The 5th amendment states that: "No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger."

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