Answer:
Explanation:
Return on investment (ROI) can be defined as a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of investments.
The ability to calculate return on investment is particularly valuable for any business regardless of its size or industry. by calculating ROI, an individual can understand how well their business is doing and which areas needs improvement.
Every business decision requires knowldge of ROI, so as to optimize profitability. Yes it is acceptable to loose profit of one product for the sale of a profitable product because the gain that would be derived by selling an extremely profitable products is better for the company that the gain one product will derive. Afterall, every company wants to increase profitability.
Answer:
b. spending by individuals and households on only non-durable goods.
Explanation:
Consumption spending is spending by individuals and households on only non-durable goods. Consumption is a component of GDP which includes spending on goods and services by individuals and households as it includes non-durable as well as durable goods on the basis of consumption patterns.
Buildings $28,210,000
Less: Accumulated depreciation-buildings 13,200,000 15,010,000
Equipment 48,670,000
Less: Accumulated depreciation-equipment 4,980,000 43,690,000
Total plant assets $62,680,000
During 2020, the following selected cash transaction occurred.
April 1 Purchased land for $2,200,000
May 1 Sold equipment that cost $840,000 when purchased on January 1, 2016. The equipment was sold for $504,000
June 1 Sold land purchased on June 1, 2010 for $1,450,000. The land cost $399,000
July 1 Purchased equipment for $2,480,000
Dec. 31 Retired equipment that cost $491,000 when purchased on December 31,2010. The company received no proceeds related to salvage.
-Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no salvage value. The equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement.
-Record adjusting entries for depreciation for 2020. Credit account titles are automatically indented when the amount presented in the problem. If no entry is required, select "No Entry for the account titles and enter 0.
Answer:
April 01 2020
Land Debit $ 2,200,000
Cash Credit $2,200,000
To record purchase of land
May 01 2020
Cash Debit $ 504,000
Allowance for depreciation equipment Debit $ 363,720
Equipment Credit $ 840,000
Gain on sale of equipment Credit $ 27,720
To record sale of equipment and to recognise gain on sale
June 01 2020
Cash Debit $ 1,450,000
Land Credit $ 399,000
Gain in sale of land Credit $1,051,000
To record sale of land and gain on the sale
July 01 2020
Equipment Debit $ 2,480,000
Cash Credit $ 2,480,000
To record purchase of equipment
December 31 2020
Allowance for depreciation Debit $ 491,000
Equipment Credit $ 491,000
To record retirement of equipment
The adjusting entry for depreciation is as follows:
December 31 2020
Depreciation expense - Equipment Debit $ 4,985,000
Depreciation expense - Buildings Debit $ 578,200
Allowance for depreciation - Equipment Credit $ 4,985,000
Allowance for depreciation - Buildings Credit $ 578,200
Explanation:
Computation for Depreciation expense for the year
Equipment Jan 01 2020 $ 48,670,000 for 4 months @ 10 %
Sales - May 01 2020 $( 840,000)
Adjusted balance May 01 2020 $ 47,830,000 for 2 months @ 10 %
Purchases July 01 2020 $ 2,480,000
Adjusted balance July 01 2020 $ 50,310,000 for 6 months @ 10 %
Depreciation expense for 4 months = $ 48,670,000*10 % *4/12 = $1,622,333
Depreciation expense for 2 months = $ 47,830,000*10 % *2/12 = $ 797,167
Depreciation expense for 6 months = $ 51,310,000*10 % *6/12 =$ 2,565,500
Total depreciation equipment $ 4,985,000
Depreciation on buildings $ 28,910,000 * 2 % $ 578,200
Depreciation has to be recorded for full year on assets retired on December 31 2020
Computation of gain and loss on sale of equipment
Cost of equipment purchased on January 1 2016 $ 840,000
Depreciation rate 10 %
Equipment sold on May 01 2020
Depreciation charged for 4 years and 3 months @ 10 %
$ 840,000 * 4.33 *10 % $ 363,720
Net book value of equipment disposed on May 01 2020 $ 476,280
Sale value of equipment $ 504,000
Gain on sale of equipment $ (27,720 )
The gain on sale of land is the difference between the cost and sales proceeds since land is not depreciated
Sale proceeds - Cost = $ 1,450,000 - $ 399,000 = $ 1,051,000
The assets that was retired on Dec 31 2020 was purchased on December 31 2010 and was considered for depreciation for 10 years and was fully depreciated and had ni book value on the date of retirement
Check all that apply.
a. Challenge Nicola’s position.
b. Keep an open mind.
c. Separate facts from opinions.
d. Assume Nicola is incorrect.
Answer:
The correct answer is letter "B" and "C": Keep an open mind; Separate facts from opinions.
Explanation:
At the moment of solving different-point-of-view issues, it is important to be open-minded, otherwise, we could only remain with our opinion discarding others' critic point of view that could be useful at the moment of taking decisions. Besides, it does not matter if other individuals are biased since we can separate the facts from those points of view. Separating the facts implies analyzing what others have to say in deep regardless of what their emotions can be about that matter. It implies subtracting an objective idea from a subjective point of view.
To understand Nicola's argument, you should keep an open mind, separate facts from opinions, and instead of jumping to conclusions, enhance your understanding by asking clarifying questions.
To make sure you understand Nicola's argument, you can adopt the following ways:
#SPJ3
The policy adopted by the federal government that imposed tariffs to discourage outsourcing is known as Protectionism policy.
A Protectionism policy are adopted or enforced to protect the domestic workers or industries against external bodies.
Hence, the policy adopted by the federal government that imposed tariffs to discourage outsourcing is known as Protectionism policy.
Read more about Protectionism
Answer:
This is called:
Trade Restriction
Explanation:
Outsourcing to foreign markets can cripple domestic industries, increase local unemployment, and impose trade imbalance. To check excessive outsourcing, the federal government imposes tariffs. Such a trade restriction is considered necessary within the domestic economy. But it may be regarded as a restriction of free trade within the international community.
Answer: The Economic order quantity(EOQ) is 74 boxes.
Explanation:
Given weekly demand (d)= 4 boxes
Annual demand (D) = 452 = 208 boxes
Ordering cost S = $5
Holding cost H = $0.347
Standard deviation () = 0.50
Lead time (L) = 2 weeks
∴ Economic order quantity (EOQ) Q is as follow :
Q =
Q =
Q = 77.42 or 74
The Economic order quantity(EOQ) is 74 boxes.
Answer:
$2.82
Explanation:
The CPI is the measure of the average changes in prices of consumer goods and services. The CPI compares current prices and prices at the base year.
CPI is expressed as a percentage. It represents the cost of goods in a given year divided by the cost of goods in the base year multiplied by 100.
In 1970, the movie price was $0.50, and CPI was 38.8%
in 2011, CPI was 218.8%; the movie price will be?
in 1970: $0.50 =38.8%
in 2011: ? = 218.8%
?= 218.8/38.8 x $0.50
?=5.6392 x 0.50
=$2.81896
=$2.82