This entry will be recorded with a credit to Accumulated Depletion.
What is Accumulated Depletion?Accumulated depletion exists as the amount of depletion expense that includes built-up throughout the usage of a natural resource. This amount exists paired with the natural resource asset on the balance sheet as a contra account. Accumulated depreciation includes a credit balance because it aggregates the amount of depreciation expense assessed against a fixed asset. This account exists paired with the fixed assets line item on the balance sheet so that the integrated total of the two accounts reveals the remaining book value of the fixed assets.
Depreciation lives the periodic change of the capitalized cost of a tangible fixed asset over its calculated useful life. Depletion stands for the allocation of the total cost of formulating natural resources for exploitation over their usable life. This entry will be recorded with a credit to Accumulated Depletion.
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The best locations to install tidal electrical generating stations are places where?
The best locations to install tidal electrical generating stations are places where differences in height between low and high tides are large.
What are tidal electrical generating stations?First of all we have to define the tidal energy. This type of energy is a renewable type of energy. This is done through the use of tidal energy in the generation of electricity for power consumption.
This is known to be only possible in the areas that have a range of height. That is in such an area there has to be differences in height between low and high tides which are large.
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Argus company anticipates that other sales will be affected by the acceptance of a special order. what should the company do?
Consider the opportunity cost of lost sales in the incremental analysis.
What is opportunity cost?The opportunity cost of a specific activity option in microeconomic theory is the loss of value or benefit that would be experienced by engaging in that activity, as opposed to engaging in an alternative activity that offers a higher return in value or benefit.
The value of the next best alternative or option is referred to as the opportunity cost. This value may or may not be monetary. Value can also be measured using other criteria such as time or satisfaction. One formula for calculating opportunity costs may be the ratio of what you give up to what you receive.
The growing opportunity cost law: As the production of one good increases, so does the opportunity cost of producing the extra good.
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Jack is a board member of firm a but is not an employee of firm a; jack is a senior executive from firm b. jack can best be described as a(n)?
Jack can best be described as an outside director. Jack is a board member of firm a but is not an employee of firm.
What is an external director?Corresponds to a professional who performs the role of a member of the board of directors, but who is not an employee or shareholder of the organization. Hiring external directors is a legal requirement for public organizations.
It is a legal rule that public companies have an external director, in order to reduce unilateral decision-making and fraud, since, as they are not an employee of the organization, the external director is more likely to make impartial decisions.
Therefore, in addition to impartiality, the external director can assist the organization with a different vision and experience, in order to contribute to the organizational positioning and strategy.
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Decision that are based on rules and guidelines are known as _______ decisions.
Decision that are based on rules and guidelines are known as brainstormed decisions. A group decision-making process called brainstorming aims to expand the variety of options that the group can consider. The objective is to come up with as many ideas as you can. This method does not inherently offer a resolution or choice.
People can think more freely and without concern for criticism when brainstorming. In order to address difficulties and come up with novel ideas, brainstorming promotes open and continuous collaboration. Teams may quickly generate a vast number of ideas through brainstorming, which can then be improved upon and combined to provide the optimal resolution.
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Dividends paid to common stockholders Blank______ be deducted from the payer's taxable income for tax purposes.
Dividends paid to common stockholders cannot be deducted from the payer's taxable income for tax purposes.
Dividends are property distributions that a business may give you if you own its common stock and hold shares of it. Corporations typically pay cash dividends to shareholders. They may, however, also get payment in the form of stock in another company or any other kind of asset. If you own a partnership, an estate, a trust, a S company, or another entity that is subject to corporate tax, you might also be eligible for distributions. A shareholder may be seen to have earned a dividend if a business pays a shareholder's debt, renders services to the shareholder, or grants access to the company's assets without adequately repaying the corporation. As a result, dividends can only be paid on outstanding common stock shares.
Dividends paid to common stockholders ______ be deducted from the payer's taxable income for tax purposes.
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Malcolm’s furniture earned $750,000 last year and had a 30 ividend payout ratio. how much did the firm add to its retained earnings?
It is $525,000.
If the dividend payout ratio is 30% ,then retention rate will be 70%
Additional Retention = $750,000* 70%
=$525,000
Additional amount retained can be used for future business expansion and can also be used to buy back shares provided there is no available profitable investment project to invest in.
Here, the retention rate is very high which implies that the company has prospective investment to put the money into to generate additional returns.
Investors will therefore settle for capital appreciation resulting from increase in share price as result of additional earnings from profit plugged back into the business.
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Adam’s incentive to open a new restaurant is profit. he knows that if he works hard and his restaurant is successful he will be able to earn a lot of money. adam is:______.
Adam’s incentive to open a new restaurant is profit. He knows that if he works hard and his restaurant is successful he will be able to earn a lot of money. Adam is an entrepreneur in a capitalist economy.
The term "capitalism" or "capitalist economy" refers to an economic system in which private firms control and govern factors of production such as capital goods, labor, natural resources, and entrepreneurship.
A capitalist economy allows for the private ownership and control of capital assets like mines, factories, and railroads. It also allows for the purchase of labor for monetary wages, the accrual of capital gains to private owners, and the allocation of capital and labor between competing uses through market prices.
The capitalist economy of the United States is undoubtedly the most well-known in the world, and many of its residents view it as crucial to establishing democracy and realizing the "American Dream."
The fact that capitalism is a more "free" market than the more tightly regulated alternatives appeals to the American spirit as well.
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What alternative could borrower erma do if she only owed $12,000 to the lender, but her property is appraised at $50,000?
Within the new loan that the lender is placing Borrower Erma in, she will most likely be in the negative the entire repayment term of the loan.
A loan is a type of debt that a person or other entity incurs. The lender advances the borrower a certain amount of money, typically on behalf of a business, financial institution, or government. The borrower accepts a specific set of terms in return, which may include any financial costs, interest, a repayment schedule, and other requirements.
A term loan is a sum of money that must be returned over a specific period of time in regular installments. Term loans typically last between one and ten years, but they may go as long as thirty years. Term loans typically have an unfixed (also known as floating) interest rate, which increases the amount that must be repaid.
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An advantage that direct or subsidized student loans have over other types of loans is:_______
An advantage that direct or subsidized student loans have over other types of loans is the need for money.
The core benefit of Direct subsidized Loans is how interest is handled. With the department of schooling protecting your interest fees during certain periods, less interest will accrue and your general compensation cost could be decreased.
Direct subsidized loans are for undergraduate college students with financial needs. The subsidy here is that the U.S. branch of education can pay the interest for your mortgage even as you are in faculty at the least half of the time, and for the primary six months once you go away from faculty. This means you shop quite a little cash on interest.
Sponsored Loans do now not accrue hobby whilst you are in school at least half of-time or at some stage in deferment intervals. Unsubsidized Loans are loans for both undergraduate and graduate students that aren't based on monetary want.
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In a publicly traded organization, does the valuation of owners’ equity represent the worth of the organization to its owners? explain your answer
In a publicly traded organization, the valuation of owners’ equity represent the worth of the organization to its owners after "liabilities are deducted from assets."
What is publicly traded organization?An organization whose shareholders are entitled to a share of the firm's assets and revenues is referred to as a public company, also known as a publicly traded company.
Some characteristics of publicly traded organization are-
Ownership of such a public corporation is divided among the public shareholders through the free exchange of stocks that are traded via stock exchanges and the over (OTC) marketplaces.Many Americans make direct investments in public corporations, and chances are good that the pension plan or mutual fund you own, if you have one, has some shares in public companies.A publicly traded corporation is expected to periodically expose its business and financial information to the public in addition to having its securities listed on public exchanges.An initial public offering (IPO) is the procedure used by a private firm to start issuing new shares to the general public. A firm is deemed private before its IPO. A company's decision to start issuing to the general public through with an IPO is crucial since it gives them a source of funding for their expansion.To know more about publicly traded organization, here
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_____ is how consumers see themselves in terms of attitudes, perceptions, beliefs, and self-evaluations.
Personality reflects how consumers see themselves in terms of attitudes, perceptions, beliefs, and self-evaluations.
Because attitude formation and attitude change stress the traditional view that consumers develop attitudes before they act. This may not always, however, or even usually be true. Attitude formation and attitude change stress the traditional view that consumers develop attitudes before they act.
Attitude refers to a set of emotions.
Consumers a person who buys goods or services for their own use.
Formation an act of giving form or shape to something or of taking form.
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Richard is consuming x and y so that he is spending his entire income and mux/px = 6 and muy/py = 10. to maximize utility, he should:_____.
Richard is consuming x and y so that he is spending his entire income and mux/px = 6 and muy/py = 10. to maximize utility, he should consume the same amount of X and Y since he is already maximizing utility.
When consumers maximize utility they are equating the ratio of total utility to price across all goods consumed?
When consumers maximize utility, they are comparing the cost of all the items they consume to the marginal utility. A negative total utility follows from a negative marginal utility. Total utility is at its lowest point when marginal utility is zero. Even though the marginal utility is negative, the total utility might still be positive.
What is the rule for maximizing utility?
Spending money on the item that offers the highest marginal utility per dollar of spending is the best way for consumers to optimize their overall utility for every dollar they spend.
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The tax cuts and jobs act allows companies to take bonus depreciation sufficient to write off what percent of investment immediately?
The tax cuts and jobs act allows companies to take bonus depreciation sufficient to write off 100 percent of investment immediately.
Is the tax cuts and jobs act good?
Although numerous other factors undoubtedly had an impact on the economy between 2017 and 2019, the economy did grow more quickly after 2017 than had been anticipated before the TCJA. TCJA dramatically decreased federal revenue compared to what would have been produced had the law not been passed, not withstanding the fervent assertions of its supporters.
What did the TCJA eliminate?
Unreimbursed employee expenses, tax preparation costs, and other supplemental deductions were all abolished by the TCJA. Taxpayers can still claim a deduction for some casualty losses that occurred in places that the government has declared disaster areas, but it canceled the deduction for theft and personal casualty losses.
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Example(s) of obstacles to internationalization can be:_________
a. financial and psychological
b. physical and financial
c. physical and psychological
d. technological
Obstacles to internationalization can be a. financial and psychological.
Financial usually refers to money matters or transactions of some size or importance: a financial wizard. fiscal is used especially in connection with government budget, or those of any corporation: the top of the fiscal yr. monetary relates especially to cash as such: a monetary system or standard.
Psychological is relating the mind or to mental phenomena as the subject matter of psychology. of, concerning, handling, or affecting the thoughts, especially as a characteristic of awareness, feeling, or motivation: psychological play; psychological impact.
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When managers base decisions on what has worked in the past and fail to explore new options, they are?
When managers base decisions on what has worked in the past and fail to explore new options, they are perpetuating the status quo.
The status quo bias is a type of cognitive bias which involves different people preferring the things that stay as they are or that the current state of affairs remains the same.
This bias can have a good effect on human behavior, but status quo bias is also a topic of interest in other fields such as sociology, politics, and economics too.
One can look for ways to reduce the bias in the choices you make each and every day by being aware of how the status quo bias influences the decisions and behaviors.
The status quo bias can make many people resistant to change, but it can also do have a powerful effect on the decisions made by them.
The term "status quo bias" was first given by researchers William Samuelson and Richard Zeckhauser in 1988.
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In ______ cases, courts generally award damages equal to the ______ plus what the employee lost in quitting her job and declining employment elsewhere.
In promissory estoppel cases, courts generally award damages equal to out of pocket costs plus what the employee lost in quitting her job and declining employment elsewhere. A legal principle known as promissory estoppel prevents someone from breaking commitment even if a formal contract is not in place.
It stipulates that an injured party can sue a promisor for damages if the injured party suffered losses as a result of promisor's broken promise, which the recipient of promise later came to regret. Promise may be enforced despite absence of the conditions for a valid contract under the promissory estoppel doctrine.
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_____ refers to the extent to which people have positive experiences and can secure the good things in life because they have economic resources
Life chances refer to the extent to which people have positive experiences and can secure the good things in life because they have economic resources
the question is incomplete .please read below to find the missing content
Which of the following terms refers to how people have positive experiences and can secure the good things in life because they have economic resources?
Economics studies scarcity and its effects on the use of resources, the production of goods and services, the growth of output and wealth over time, and many other complex issues important to society.
The standard definition of economics can be described as: A social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Going further, we can say that economics studies scarcity and choice.
The economy plays a role in our daily lives. The study of economics allows us to understand past, future, and present models and apply them to societies, governments, businesses, and individuals.
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What are two ways lean budget guardrails guide value stream investment decisions?
Horizon-based investment guidance applying capacity allocation to enhance value and the reliability of the solution approving important projects. SAF offers Lean budgeting techniques that do away with the overhead associated with cost accounting and typical project-based funding.
Through the application of Lean budget guardrails and the distribution of value stream budgets, LPM maintains the necessary levels of control in this model. A company's public estimations of its current-quarter and long-term profits prospects are known as guidance. Investors and analysts.
Modify their expectations for a company's value price based on the earnings guidance. Guidance is defined as direction, counsel, or anything that instructs.
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___ is an approach used to nurture customer loyalty by gathering knowledge of customer needs and preferences.
A relationship era is an approach used to nurture customer loyalty by gathering knowledge of customer needs and preferences.
A consumer wants is a want that motivates a customer to buy a product or service. The want may be regarded (i.e., the purchaser can place it into words) or unknown, and is the final aspect that determines which solution the patron purchases.
Customer wishes are the psychological and bodily motivations that make a person want to purchase a service or product and stay loyal to that business. as an example, customers these days need short and handy ways to attain help online.
A consumer's needs commonly reflect the preferred possibilities for unique approaches to gratifying a need. for that reason, human beings generally need particular products, manufacturers, or services that satisfy their wishes in a specific way.
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Gross profit is:___.
a. profit after deducting operating expenses.
b. profit after deducting other expenses.
c. profit before deducting operating expenses.
d. none of these choices are correct.
Gross profit is: profit before deducting operating expenses
Gross profit is the profit a company makes after deducting all costs associated with producing and selling a product or service. You can calculate your gross margin by subtracting your cost of goods sold (COGS) from your total sales.
It is calculated as the residual of all income and profits minus all expenses and losses for the period and is also defined as the net increase in equity arising from a company's operations. This is different from Gross Revenue, which only subtracts the Cost of Goods Sold from Sales. For households and individuals, net income refers to (gross) income fewer taxes, and other deductions.
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Amanda has a job that pays $35 per hour for the first 40 hours worked each week, plus 1.5 times this hourly rate for work done over 40 hours. suppose amanda works 50 hours this week. how much will she earn before taxes?
she will earn $1,925 before taxes.
Given,
Total hours worked = 50 hours
Regular rate =$35
Regular time = 40 hours
Overtime rate = 1.5 × $35 = $52.5
Overtime hours = Time worked - regular time
= 50 hours - 40 hours
= 10 hours
Total amount earned = (Regular rate)×(Regular time) + (Overtime rate) × (Overtime hours)
= 35 × 40 + 52.5 × 10
= 1400 + 525
= 1,925
Hence, Total amount earned = $1,925
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Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? explain
The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.
Note that when we are in long-term equilibrium, we are also in short-term equilibrium. In the long run, P = min(ATC), and the entering firm chooses the set with the lowest ATC. The MC curve intersects ATC at min(ATC), so the same quantity has a price equal to MC.
For a perfect competitor, marginal return equals price and average return. This means that the firm's marginal cost curve is a continuous supply curve with values greater than the average variable cost. If the price falls below the average variable cost, the company will be closed.
In a perfectly competitive market, price equals marginal cost in both the short and long run.
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Will the fed want to buy or sell government securities if sales or purchases of government securities are the only instrument used in the open-market operations?
The Fed will want to buy a total of $8 billion in government securities.
Government security is a government bond issued by a sovereign government. They sell these products to fund day-to-day government operations and to fund special infrastructure and military projects. These investments work similarly to issuing corporate bonds.
The purpose of government security is to raise funds for various projects and programs. There are dozens of types of government-backed securities, but the most important are Treasury Bills, Treasury Bills, Treasury Bills, Floating Rate Securities, TIPS, Savings Securities, EE/E Securities, Local government bonds, etc.
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A 20-unit apartment building gets $288 rent per unit per month. if the capitalization rate is 12 percent, what is the value of the building?
The value of the building today is $576,000.00
What is the value of a property?
The value of the building present value of its annual cash flows which is the annual cash inflow divided by the capitalization rate based on the present value formula of perpetuity as it is expected that the annual rent would be received forever.
Value of building=annual cash flow/capitalization rate
By annual cash flow ,I mean the rent the 20-unit apartments would generate on a yearly basis, the monthly rent per unit multiplied by number of units and 12 months a year
annual rent=$288*20*12
annual rent=$69,120.00
capitalization rate=discount rate=12%
value of the building=$69,120.00/12%
value of the building=$576,000.00
The maximum amount a rational real estate investor would pay for the building today is the present value of future annual rents, which is $576,000.00
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What is the difference between fixed cost and variable cost? does each type of cost affect short-run marginal cost? if yes, explain how each affects marginal cost. if no, explain why each does or does not affect marginal cost.
Fixed costs do not affect the marginal cost of production since they do not typically vary with additional units. Variable costs, however, tend to increase with expanded capacity, adding to marginal cost due to the law of diminishing marginal returns.
What is Fixed costs?Fixed costs, also known as indirect costs or overhead costs in accounting and economics, are corporate expenses that are independent of the volume of goods or services generated by the business. They are usually recurrent, such as monthly interest or rent. These expenses are frequently capital expenses.
A fixed expense is essentially a 'necessity.' Tuition, accommodation and board, as well as your car payment (if you have one), car insurance premiums (if you have a car), wireless plan, and internet connection, will be your major fixed expenses in college.
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Loni delivers her mazda to be repaired at nile’s body shop. loni agrees to pay cash. nile performs, but loni does not pay. nile tells loni that he will keep the car until she pays. This is?
Loni provides her Mazda to be repaired at Nile's body shop. Loni agrees to pay cash. The Nile performs, but Loni does not pay. He tells her that he will keep the car until she pays. This is an ARTISAN'S lien.
ARTISAN'S lienAny person or company who mends a motor vehicle at the request of the owner maintains a lien for their reasonable expenses and may retain custody of the vehicle until charges are paid.
A design professional typically performs professional services and requires state licensing or registration. In the building industry, design experts include architects, engineers, interior designers, and others that perform similarly, “professional” work.
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If the market price for fast food wages is $7 per hour, at which wage level would a price floor be binding? $7 $6 $15 $1
If the market price for fast food wages is $7 per hour, at $15 would a price floor be binding. The market price is the price at which a good or service can currently be purchased or sold. The forces of supply and demand decide how much an asset or service will cost on the market.
The market price is the cost at which supply and demand are equal. To determine consumer and economic surplus, one uses the market price. The term "consumer surplus" describes the discrepancy between the maximum price a consumer is prepared to pay and the actual amount they pay, often known as the "market price," for an item.
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When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to?
When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to ending inventory.
Production is the process of combining diverse material and immaterial inputs to create a consumable good or service. It is the process of producing something of worth, goods, or assistance that benefits a person.
Manufacturing is the process of creating items or goods out of components or raw materials. To put it another way, manufacturing employs inputs to produce outputs fit for consumption, i.e., things or products that are valuable to the consumer or end-user. The creation of furniture is an illustration of production. Harvesting corn for food is an illustration of production. Corn production is an illustration of production.
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Most countries don’t accept electronic transactions from _________ because of fraud concern
Most countries don’t accept electronic transactions from Chinebecause of fraud concern.
An electronic transaction that takes place over computer-mediated networks involves the exchange of products or services between corporations, homes, individuals, governments, and other public or private organizations.
An electronic transaction is defined by the Department of Health and Human Services (HHS) as an electronic information exchange between two parties for the purpose of carrying out financial or administrative tasks linked to healthcare. To request reimbursement for medical services, a health care provider could submit a claim to a health plan.
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After the adjusting entries have been completed, the adjusted balance in the supplies expense account represents the cost of supplies:______.
After the adjusting entries have been completed, the adjusted balance in the supplies expense account represents the cost of supplies used during the accounting period.
An accounting period, which might be a week, month, or quarter in addition to a calendar or fiscal year, is a time frame that is used to perform specific accounting operations. The accrual method of accounting enables consistent reporting because accounting periods are formed for reporting and analysis reasons.
In bookkeeping, the time frame for which management accounts and financial statements are created is known as an accounting period. The accounting period in management accounting varies greatly and is chosen by management. Accounting periods are frequently monthly.
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