Wich of the following accounts is credited after the sale of a fully depreciated asset
Answer:
Relevant asset account is credited
A commenced his cloth business on 1st April, 2018 with a capital of ₩30,000. On 31st March 2019, his assets were worth ₩50,000 and liabilities of ₩10,000. Find out his closing capital and profits earned during the year.
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Help me with this question ~
Answer:
Profits = ₩10,000
Closing Capital = ₩40,000
Explanation:
Let's note down the given information at first.
Opening capital = ₩30,000Worth of assests after 1 year = ₩50,000Liabilities = ₩10,000Now,
Profits
= (Worth of assets after 1 year - Liabilities) - Opening capital
= (₩50,000 - ₩10,000) - ₩30,000
= ₩10,000
Next, let's find the closing capital
= Assets - Liabilities
Assets ₩50,000
Liabilities ₩10,000
[tex]\rule{150pt}{1pt}[/tex]
Closing capital ₩40,000
[tex]\rule{150pt}{2pt}[/tex]
Vietnam is the ___ largest exporter of coffee, accounting for about 10. 5% of the world’s export?.
Vietnam is the exported 5th largest largest exporter of coffee, accounting for about 10. 5% of the world’s exports.
What is Exportation?Exportation can be regarded as the process of moving goods and services from one country to another with the aim of trading.
Therefore, in term of exportation of goods and services, Vietnam is one of the country that export coffee in the world and it serves as their major export.
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An individual participates in the 401(k) plan offered by the employer. Every two weeks, 4% of the employee's salary is deferred into the plan. The contributions are made into several different mutual funds. This practice is using
The practice is of 401(k) plan offered by the employer is using a deferred compensation.
What is a Deferred compensation?This plan involves an employee holding the pay for disbursement at a later time which often provides a tax deferred benefit to the employee.
Hence, the practice is of 401(k) plan offered by the employer is using a deferred compensation.
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__________are networks of independent companies, suppliers, customers, and manufacturers connected via information technologies so that they can share skills and costs and have access to each other's markets.
The complete statement reads "Virtual organization networks of independent companies, suppliers... " This is further explained below.
What is a virtual organization?Generally, the virtual organization is simply defined as
In conclusion, Using information technology, a virtual organization is a network of independent enterprises, suppliers, consumers and manufacturers that may pool talents and expenses and get access to one other's markets via the sharing of information.
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When you start at a new job, what are two documents that you will fill out?.
Answer:
I-9Form of identification or financial form(e.g. direct deposit form, benefits enrollment form, W-4)In December there is a large demand for evergreen trees. They are sold on city corners and parking lots for Christmas. According to the law of supply, what scenario would you expect to see with the Christmas trees
The scenario that will be expected to see with the Christmas trees is the increase in the supply and prices of the trees since October.
What is the law of supply?The law of supply is a principle of microeconomics that states that when the price of an item or service rises, so the quantity of service that the company gives will also increase, and vice versa.
According to the law of supply, prices come down when supply increases for an item or service. When the price got declines of a product then the quantity provided also reduces.
Therefore, an increase in the prices and supply of the trees two months before to provide an adequate amount of supply as the demand is high.
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who is the fastest typist ever recorded and how many words per minute did she type?
Explanation:
The fastest typist ever recorded is Stella Pajunas-Garnand.
She typed 216 words in a minute.
She's from Chicago, US.a building was purchased for $850 000 with 10 down and the lender charged the buyer 2 discount points. How much cash did the buyer need to come up with at closing a loan for the balance
The cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
Cash amountUsing this formula
Cash amount=Cost of building-(Cost of building × Discount point)
Let plug in the formula
Cash amount=$850,000-($850,000×2%)
Cash amount=$850,000-$17,000
Cash amount=$833,000
Therefore the cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
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Please select the word from the list that best fits the definition under this program, parents may receive a voucher equal to the amount their state spends on education for their child.
The program that allowed for parents to receive a voucher for the amount their state spent on education for their child referred to School choice.
How did the government encourage home schooling?Under the concept of school choice, the state government would give a voucher to parents who elected to use homeschooling.
This voucher would be of the same amount that the government would have spent on educating the child if they had gone to public school.
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The new economy a. all of the above. b. moves white collar jobs to countries with cheaper labor. c. shifts demand from physical labor to cognitive abilities. d. moves manufacturing to countries with cheaper labor.
The new economy will move white-collar jobs, shift demand from physical labor and moves manufacturing to countries with cheaper labor. Thus the correct option is A.
What is an economy?An economy is a huge series of connected production and consuming activity that helps determine how limited resources are distributed in an efficient manner.
The new economy will help provide better production options with cheaper labor available in countries and advanced technology utilization. Small firms can also do business with the help of entrepreneurship by bringing innovative ideas to work.
This will bring cultural advancement which helps in hiring people from diversified backgrounds at work and by moving white-collar jobs to countries with cheaper rates. This will help them with opportunities to grow.
Therefore, option A all of the above is the correct answer.
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On April 1, 20X1, Nelsen Inc. accepts a $100,000, 8% note. The note receivable and interest are due on March 31, 20X2 (one year later). On December 31, 20X1, Nelsen will accrue interest revenue of:
Based on the amount received as a notes receivable, and the month the interest revenue is recorded, the amount accrued would be $2,000.
What interest revenue will be accured?From December 20X1 to March 20X2 will be 3 months.
The interest revenue will therefore be:
= Amount of note receivable x Interest rate x Number of months till interest is due
= 100,000 x 8% x 3/12 months
= $2,000
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In order to construct a reliable price index, government accountants must assign a ______ to each of several categories of goods and services. Multiple choice question.
To build a reliable price index, government accountants must assign a weight to each of several categories of goods and services.
What is the Consumer Price Index?The CPI is an average used to measure the variation in prices that consumers will pay for a product or service over a period of time.
Therefore, the CPI is the most used index for measuring inflation and deflation in the American economy, through the prices and weights of goods and services.
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How is a 401k different from an individual retirement account (IRA)?
A 401k is a good long-term investment strategy.
A 401k allows people to contribute before taxes.
A 401k is created by an individual who deposits money.
A 401k is created by an employer who may match contributions.
Working proactively to ensure that your physical place of business is (1) free of potential hazards and (2) ________ will prevent on-premises injuries and violations of EEOC or OSHA rules.
Companies working Proactively just to ensure that the physical place of business is free 1. free of potential hazards and 2. secure from intruders will prevent on-premises injuries and violations of EEOC or OSHA rules.
What do you know about OSHA rules?The Occupational Safety and Health Administration is a huge regulatory employer of the USA Department of Labor that in the beginning had federal visitorial powers to check out and study workplaces.
Thus, the correct fill-in-the-blank here will be secure from intruders.
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As consumers respond to climate change and environmental concerns, both General Motors and Tesla are offering fully electric vehicles. This issue represents which of the macroenvironmental variables
Social macroenvironmental variables can be felt and seen in the way of response by different consumers to the climate change.
What are macroenvironmental variables?Macro-environment is a term that describes those factors that can alter the decision of a consumer towards a product.
These factor could be ;
Economic factorsSocial factorTechnological factor.Therefore all these mentioned factors affect the way product is been decided on by different types of consumers.
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ii) What incentives would you suggest to each of the institutions to attract competent employees?
Explanation:
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Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ... Put Together a Team Outing for Top Performers. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ... Put Together a Team Outing for Top Performers. ... Provide Custom Rewards.
Explanation:
10 must-have employee incentive programs
Recognition and rewards. ...
Referral programs. ...
Professional development. ...
Profit sharing. ...
Health and wellness. ...
Tuition reimbursement. ...
Bonuses and raises. ...
Fun gifts.
On October 1, 2021, Eagle Company forecasts thepurchase of inventory from a British supplier on February 1,2022, at a price of 100,000 British pounds. On October 1,2021, Eagle pays $1,800 for a three-month call option on100,000 pounds with a strike price of $2.00 per pound. Theoption is considered to be a cash flow hedge of a forecastedforeign currency transaction. On December 31, 2021, theoption has a fair value of $1,600. The following spotexchange rates apply:DateOctober 1, 2021December 31, 2021February 1, 2022
The journal entry that Eagle should prepare on October 1, 2021 is:
Debit Foreign Currency Option $1,800; Credit Cash $1,800.
What is Journal entries?Since Eagle pays the amount of $1,800 for a three-month call option and on December 31, 2021, the option has a fair value of $1,600. The journal entry that Eagle should prepare on October 1, 2021 December 31, 2021 are:
Eagle company
October 1, 2021
Debit Foreign Currency Option $1,800
Credit Cash $1,800
December 31, 2021
Debit Option Expense $200
Credit Foreign Currency Option $200
($1,800-$1,600)
Therefore entry that Eagle should prepare on October 1, 2021 is: Debit Foreign Currency Option $1,800; Credit Cash $1,800.
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How is a mutual fund different than an index fund?
Answer:
Index funds are mutual funds, but instead of owning maybe twenty or fifty stocks, they own the entire market. (Or, if it's an index fund that tracks a specific portion of the market, they own that portion of the market:)
What is the relationship between costs of materials and distribution channels?
Answer:
A distribution channel is the set of steps it takes for a product to get in the hands of the key customer or consumer. Distribution channels can be direct or indirect. Distribution can also be physical or digital, depending on the kind of business and industry.
Explanation:
Why would a business prefer to keep an invention secret instead of applying for a patent
If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
A national ice cream chain asked its 30 highest paid employees to take a 15% pay cut. Doing this, in response to the recent sales decline, meant no store closures and no downsizing. This could b
Based on the fact that there were no store closures or downsizing, but only a pay cut, this is a Utilitarian approach.
What is a utilitarian approach?When moral decisions are decided based on which option will benefit the greatest number of people, this is referred to as utilitarianism.
Cutting salaries to avoid layoffs as a result of closures and downsizing benefits a larger number of employees, as opposed to the smaller number of executives hence it is utilitarian.
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_____ refers to training, formal education, job experiences, relationships, and assessments of personality, skills, and abilities that help employees prepare for future jobs or positions.
Developments refers to training, formal education, job experiences, relationships, and assessments of personality, skills, and abilities that help employees prepare for future jobs or positions.
Why is development impossible?it is important because it makes a employee relevant.
To attain certain height in an individual career development is important to avoid being stagnant
Therefore, Developments refers to training, formal education, job experiences, relationships, and assessments of personality, skills, and abilities that help employees prepare for future jobs or positions.
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How does scarcity of resources affect the nations of the world?.
Answer:
Development work will be less
public will be less
many population of people may loss their life
will suffer from different diseases
Explanation:
......
Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals: Multiple Choice 0.21. 4.36. 4.79. 76.2 days. 83.8 days.
Based on the scenario given above, the inventory turnover equals 4.79. Check more about the term below.
What is inventory?Inventory is a term that is used for all items, goods, and materials held by a business that are meant to be sold in the market to get a profit.
Based on the scenario given above, since Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals, the inventory turnover equals 4.79.
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Cynthia is interested in investing in clothing unlimited inc. which attribute from the stock quote can cynthia use to determine how the stock has performed over the past year? a. current price b. net change c. open price d. positive or negative result for the one-year change e. previous close price
The data on the positive or negative result for the one-year change is the most important data from the stock quote that Cynthia can use to determine how the stock has performed over the past year.
What is a stock quote?This refers to the price of a stock as it is being quoted in decimals on an stock exchange.
The data on the positive or negative result for the one-year change is the most important data from the stock quote to use.
Therefore, the Option D is correct.
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What are concerns of risk of Sovereignty? Include some examples.
A current liability is a debt that is reasonably expected to be paid.
Answer:
If you were asking for true or false, that statement is true.
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause
The combination of expansionary monetary policy and a self-regulating economy will cause real GDP will rise to the level above natural real GDP and the recessionary gap would hence turn into an inflationary gap situation.
What do you mean by monetary policy?Monetary Policy refers to the control of the quantity of money available in an economy through which new money is supplied.
The self-regulating economy experiences a recessionary gap. The real GDP is less than the level of natural real GDP. The gap is been corrected by the rightward shift in the short-run aggregate supply curve.
Due to interplay, real GDP will rise to the level above natural real GDP and the recessionary gap turn into an inflationary gap.
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