The depreciation expense using the activity-based method for 2024 is $3,441 and for 2025 is $5,115 , assuming a december 31 year end .
The depreciation expense using the activity-based method for 2024 and 2025, Assuming a December 31 year-end can be calculated as follows:
Method: Activity-Based Method Year: 2024:
Depreciation per mile = ($21,400 - $2,500) / 63,000
= $0.31 per mile
Depreciation expense for 2024 = Depreciation per mile × Actual miles driven in 2024
= $0.31 per mile × 11,100 miles
= $3,441
Method: Activity-Based Method Year: 2025:
Depreciation per mile = ($21,400 - $2,500) / 63,000
= $0.31 per mile
Depreciation expense for 2025 = Depreciation per mile × Actual miles driven in 2025
= $0.31 per mile × 16,500 miles
= $5,115
Therefore, the depreciation expense using the activity-based method for 2024 is $3,441 and for 2025 is $5,115.
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The depreciation expense using the activity-based method for 2024 and 2025, assuming a December 31 year-end is $3,330 and $4,950.
Activity-Based Method:
It is an approach that assigns a value to the cost driver in proportion to the use or quantity of the driver activity in a given period.
Thus, the activity-based method is generally more complex than the time-based approach, although it can also provide more accurate outcomes.
Depreciation Expense: Depreciation expense is a non-cash expenditure that allocates the cost of a fixed asset over its useful life. Depreciation is a way of allocating the expense of the asset over a long period of time, such as years or decades. It aids in the matching of expenses with revenues in the financial statements and helps to establish a more accurate picture of the business's profitability.
Burger Chef acquired a delivery truck on March 1, 2024, for $21,400.
The company estimates a residual value of $2,500 and a four-year service life.
It expects to drive the truck 63,000 miles. Actual mileage was 11,100 miles in 2024 and 16,500 miles in 2025.
Calculate depreciation expense using the activity-based method for 2024 and 2025,
assuming a December 31 year-end.
Activity-Based Method = Depreciable Base/Estimated Activity
Activity-Based Method = Depreciable Base/Estimated Activity
Depreciable Base = Cost - Residual Value
Depreciable Base = $21,400 - $2,500
Depreciable Base = $18,900
Cost per mile = Depreciable Base / Estimated Miles
Cost per mile = $18,900 / 63,000
Cost per mile = $0.30
Depreciation expense 2024 = Miles Driven in 2024 x Cost per mile
Depreciation expense 2024 = 11,100 x $0.30
Depreciation expense 2024 = $3,330
Depreciation expense 2025 = Miles Driven in 2025 x Cost per mile
Depreciation expense 2025 = 16,500 x $0.30
Depreciation expense 2025 = $4,950
Therefore, the depreciation expense using the activity-based method for 2024 and 2025, assuming a December 31 year-end is $3,330 and $4,950, respectively.
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which characteristic of insurance means that only one party, the insurer, defines and prepares the insurance contract, which is non-negotiable by the other party? aleatory conditional unilateral adhesion
The characteristic of insurance that describes this scenario is called adhesion. Adhesion means that only one party, the insurer, defines and prepares the insurance contract, which is non-negotiable by the other party.
The characteristic of insurance you're referring to is "adhesion." In an adhesion insurance contract, only one party (the insurer) defines and prepares the terms of the contract, and these terms are non-negotiable for the other party (the insured).
The characteristic of insurance that describes this scenario is called adhesion. Adhesion means that only one party, the insurer, defines and prepares the insurance contract, which is non-negotiable by the other party. This is because the insured party typically has little to no bargaining power and must accept the terms offered by the insurer. This type of contract is also referred to as a standard form contract or a take-it-or-leave-it contract.
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Which statement is true about ISO 9000?
A.
Only 10 products from an organization can be certified.
B.
Organizations can become certified.
C.
Employees can certify themselves.
D.
Marketing activities can be certified.
Answer: B- Organizations can become certified
Explanation: In the lesson it states:
"Here are certain facts about ISO 9000:
ISO 9000 is applicable to any business, regardless of its size or the industry in which it exists.
It includes definitions, requirements, and recommendations for continuous improvement.
ISO 9000 can also provide certifications to organizations.
Over 170 countries have used ISO 9000 certifications in their industries."
The inputs of managing customer heterogeneity are the 3cs of situation analysis: customers, competitors, and consolidation. True or false
The inputs of managing customer heterogeneity are the 3cs of situation analysis: customers, competitors, and consolidation. The statement is False.
Customer centricity is crucial since it enables businesses to forge stronger bonds with their clientele, which can lead to higher income and sales. As the business concentrates on enhancing customer pleasure, it also aids in reducing operational costs.
In order to generate customer pleasure, loyalty, and advocacy, customer centricity mandates that the customer be at the centre of all choices relating to the delivery of products, services, and experiences. Become more customer-focused to build loyalty.
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Sales taxes are usually collected from sellers, who view the tax as A) an addition to profit. B) an additional cost of selling the good. C) an addition to the demand for the product. D) resulting from a leftward of the demand curve.
Sales taxes are usually viewed by sellers as an additional cost of selling the good (option B).
Sales taxes are typically imposed on sellers, who are responsible for collecting and remitting the tax to the government. Sellers view the sales tax as an additional cost of doing business and selling the goods. When a sales tax is levied, the seller is required to increase the price of the goods to cover the tax amount. This means that the seller must charge the consumer more than the base price of the product to account for the tax.
Option B, which states that sellers view the tax as an additional cost of selling the good, accurately describes the perspective of sellers. They must factor in the sales tax as a cost when determining the price at which they sell the goods. The sales tax is not an addition to profit (option A), an addition to the demand for the product (option C), or a result of a leftward shift of the demand curve (option D).
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Which do risk-takers prefer? a. dividend yield b. market price stock c. non-market price stock d. non-dividend yield
The correct option is D, risk-takers prefer non-dividend yield.
Non-dividend yield is a financial metric that measures the return on investment for a stock or asset that does not pay dividends. It is also known as price appreciation yield or capital gains yield. The non-dividend yield calculates the total return on investment by taking into account the price appreciation of the stock or asset over a specified period, without including the value of any dividends paid out during that period.
Investors may prefer non-dividend yielding stocks or assets if they believe the company has strong growth potential and will see an increase in the stock price over time. Non-dividend yielding stocks are typically found in industries such as technology, where companies reinvest their earnings back into the business for growth and expansion.
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lokking for brainly member ystuckey
what is the advantages of starting a slow proprietorship business
Answer:
start-up costs are low
Explanation:
Answer:
Minimal paperwork and low set-up costs are two major benefits of having a sole proprietorship. In addition, there is the ease of maintaining it. In fact, according to the SBA, it's the simplest and least expensive business type you can establish.
Explanation:
im not sure if this is what youre looking for or not lol
The term __________ is commonly used to refer to a collection of companies and processes involved in everything from extracting raw materials to moving a product from the suppliers of raw materials to the suppliers of intermediate components, then to final production, and, ultimately, to the customer.
The term supply chain is commonly/usually used to refer to a collection of companies and processes involved in moving a product from the suppliers of raw materials to the customer.
The term "supply chain" is frequently used to describe a group of businesses and procedures involved in delivering a finished good or service to the customer. It is the procedure that begins as soon as the customer places their order and ends with delivery. Producers, vendors, warehouses, transportation companies, distribution sellers, and retailers are all involved in the supply chain.
It is a crucial role because it encompasses customer service, operations, marketing, and product development. When a company has an efficient supply chain management system in place, its costs are reduced overall and its profitability is increased. If one of the links in the chain fails, however, the entire chain will be affected, raising costs. There are various supply chain models, including flexible, rapid, and continuous flow models.
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The school zone has posted speed limits of 25mph during school hours. Define Incentives, and provide an example of one negative incentive
and an example of one positive incentive that could be used to encourage motorists to obey the speed limit.
Answer:
To encourage someone to do something.
Explanation:
Incentives is defined as a thing that encourages someone to do something. One negative incentive is to charge a big fine on the motorists for the high speed in the school hours so that they obey the laws strictly while on the other hand, example of positive incentive is to give rewards or gifts or medals to those who obeys the law of speed limits in the school hours.
Martin is a credit counselor working with a client, Kim, who is in serious financial trouble. Kim is hesitant because she has a long way to go and a lot of work to do before she can be financially healthy again. What is the best way for Martin to explain the next steps to her?
A.) Martin should present the information in small manageable steps rather than give her a lengthy to-do list.
B.) Martin should make a list of tasks that must be completed and do them for her, since he is an experienced professional.
C.) Martin should compile a list of all the tasks that Kim must complete and suggest that she report back to him after she is finished.
D.) Martin should not encourage her to do anything she is reluctant to do, even if it means salvaging her financial life in the long term
Answer:
C
Explanation:
C la respuesta es la C ya que
According to the neoclassical perspective, in response to a shock to aggregate demand, prices and wages will change such that the economy moves back to the same level of potential GDP. What determines how long this adjustment process takes?
The factor that determines how long this adjustment process takes is that the long-run aggregate supply curve (ASn), that is vertical at the level of potential GDP, is one that determines the level of real GDP in this economy in the long run.
What is neoclassical model about?When there is increases or decreases in aggregate demand, the neoclassical view holds the notion that how the macroeconomy adjusts is due to the foresight it has that even if wages and prices are termed “sticky”, or slow to change, in the short run, they will be flexible.
In the long-run neoclassical analysis, it is shown that the chain of economic events is ever changing as economic output is said to rise above potential GDP.
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based on the evidence, could the jury find that johnson was acs’s employee? discuss.\
If the evidence indicates that Johnson meets the criteria for being an employee, the jury could find that he was indeed ACS's employee.
Based on the evidence provided, the jury could potentially find that Johnson was ACS's employee by considering the following factors:
1. Control: Assess whether ACS had control over Johnson's work, including the way he performed his tasks and his work schedule. If ACS exercised significant control over Johnson's actions, it might indicate an employer-employee relationship.
2. Financial relationship: Evaluate the financial arrangements between Johnson and ACS. If Johnson received a regular salary or wages from ACS, it could suggest an employment relationship. Additionally, if ACS provided benefits such as health insurance or paid leave, it might further support the claim of Johnson being an employee.
3. Nature of work: Consider the type of work Johnson performed for ACS. If his duties were an integral part of ACS's business operations, it might indicate that he was an employee rather than an independent contractor or freelancer.
4. Written agreement: Review any written agreements between Johnson and ACS that outline the terms of their relationship. If a contract explicitly states that Johnson is an employee, it may serve as strong evidence in support of his status as an employee.
In conclusion, to determine if Johnson was ACS's employee, the jury should examine the control ACS had over his work, the financial relationship between the two parties, the nature of Johnson's work, the duration and exclusivity of their relationship, and any written agreements that define their relationship.
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_____ are items used to assist in producing other products and services.
Support products
Unsought products
Convenience products
Shopping products
Components
Components are items used to assist in producing other products and services. These are typically raw materials or parts that are combined with other components or materials to create a finished product.
Components can vary in complexity and size, ranging from small screws and bolts to large machinery parts or electronic circuits.
One of the key features of components is their role in the manufacturing process. They are essential for ensuring that products are produced efficiently and with a high level of quality. For example, a car manufacturer may require thousands of different components, including engines, transmissions, and wheels, to produce a single car.
In addition to their role in manufacturing, components can also have a significant impact on the performance and quality of the finished product. The choice of components can affect everything from the durability and reliability of a product to its overall functionality and aesthetics.
Overall, components are critical elements in the production of products and services. They play a vital role in ensuring that products are produced efficiently, with a high level of quality, and meet the needs of consumers.
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An importer's financial market hedging alternatives include:
a. Sell the foreign currency with long-dated forward contracts.
b. Use currency swaps to acquire financial assets in the foreign currency.
c. Use a rolling hedge to repeatedly sell the foreign currency.
d. More than one of the above
Option (d) "More than one of the above" is the correct answer. An importer has multiple financial market hedging alternatives, including selling the foreign currency with long-dated forward contracts, using currency swaps, and employing a rolling hedge strategy.
Explanation:
An importer faces currency exchange rate risk when purchasing goods or services from a foreign country. To mitigate this risk, the importer can employ various financial market hedging alternatives.
a. Selling the foreign currency with long-dated forward contracts: This strategy involves entering into a contract to sell the foreign currency at a predetermined exchange rate at a future date. It allows the importer to lock in a specific exchange rate and protect against adverse currency movements.
b. Using currency swaps to acquire financial assets in the foreign currency: Currency swaps involve exchanging one currency for another with a predetermined agreement to reverse the exchange at a future date. Importers can use currency swaps to obtain the foreign currency needed for transactions while managing exchange rate risk.
c. Using a rolling hedge to repeatedly sell the foreign currency: A rolling hedge strategy involves periodically selling the foreign currency in smaller amounts over time rather than all at once. This approach helps to average out the exchange rate risk and provides flexibility to adjust the hedge as needed.
By considering these various hedging alternatives, importers can effectively manage their exposure to currency exchange rate fluctuations and minimize potential financial risks associated with international transactions.
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When stimulated by _____, arterioles supplying the digestive system ______, which decreases blood flow to digestive organs.
When stimulated by sympathetic nervous, arterioles supplying the digestive system constrict, which decreases blood flow to digestive organs.
The respiration machine works immediately with the circulatory machine to offer oxygen to the body. Oxygen taken in from the respiration machine movements into blood vessels that then circulate oxygen-wealthy blood to tissues and cells. These consist of arteries consisting of the femoral and coronary arteries. The partitions of those arteries have masses of easy muscle, this means that that they may be capable of settlement or relax (dilate) to extrude the quantity of blood delivered, as needed.
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Inflation is assumed to be a temporary problem that does not affect financial decisions.
While it is true that inflation is often temporary, it can still have a significant impact on financial decisions.
What is financial?Financial refers to the management of money, including its investment, lending, budgeting, and saving. It is based on the principles of economics, which studies how people, businesses, and governments make decisions about money. Financial activities include the buying and selling of stocks, bonds, mutual funds, and other investments, borrowing money from lenders such as banks, and managing personal budgets. Financial planning and advice are important for individuals and businesses to make wise decisions about their finances and ensure long-term financial stability.
Inflation can affect the cost of goods and services, for example, and can reduce the purchasing power of a currency. It can also cause interest rates to rise, which affects the cost of borrowing. As such, it is important to consider the potential impact of inflation when making financial decisions.
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ford motor company purchases airtime from a local fm radio station to run advertisements promoting their business. this is an example of:
Ford Motor Company purchasing airtime from a local FM radio station to run advertisements promoting their business is an example of advertising or promotion.
Specifically, it is an example of paid advertising or media advertising, where Ford pays for the airtime to promote their products or services to the radio station's audience. Advertising is a key component of marketing, which is the process of creating, promoting, and selling products or services. By purchasing airtime on a local FM radio station, Ford Motor Company is using advertising to reach potential customers and increase brand awareness. Radio advertising is a form of mass media advertising that can be effective in reaching a wide audience, particularly during rush hour or other peak listening times. Advertising can take many forms, including print ads, television commercials, online ads, social media promotions, and more. The goal of advertising is to create awareness, generate interest, and encourage consumers to take action, whether it's visiting a website, making a purchase, or simply remembering the brand. Effective advertising campaigns often use a mix of different advertising channels to reach different audiences and maximize impact.
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Select the correct text in the passage.
Which sentence in the passage is true for brokers in the distribution process?
Brokers help strike a deal between the producer and the retailer, or the producer and the wholesaler. They also facilitate the logistics function
of storing goods at a suitable location. They purchase goods and stock them until they are sold to the retailer.
Reset
Next
Answer:
The answer is "Brokers help strike a deal between the producer and the retailer, or the producer and the wholesaler"
why is cooperative a value lead and value based organization?
I need the anwers right now.
Answer:
Co-operatives throughout the world share a set of values that give them their distinctive character.
Self-help
In co-operatives, people help each other whilst helping themselves by working together for mutual benefit.
Self-responsibility
Individuals within co-operatives act responsibly and play a full part in the organisation.
Democracy
A co-operative will be structured so that members have control over the organisation – one member, one vote.
Equality
Each member will have equal rights and benefits (according to their contribution).
Equity
Members will be treated justly and fairly.
Solidarity
Members will support each other and other co-operatives.
Every corporation should have a strong independent board of directors that does all of the following except a. remain well-informed about the company's performance and exercises its fiduciary duty to protect shareholders responsibly. b. guide management in choosing a strategic direction and makes independent judgments about the validity and wisdom of management's proposed strategic actions. c. evaluate the leadership skills of the CEO and other senior executives. d. retain sufficient courage to curb management actions deemed inappropriate or unduly risky. e. take responsibility for leading the strategy-making, strategy-executing process.
A firm does not need a strong independent board of director that is responsible for leading the strategy-making and strategy-executing process.
What is an independent director?
This refers to those member of a board that does not have a material or financial relationship with the company except a sitting fees
Among other option, a typical corporation does not need a strong independent board of director that is responsible for leading the strategy-making and strategy-executing process.
Therefore, the Option E is correct.
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True or False: Organizations often add enticements such as relocation assistance and career development programs to attract better applicants. This is the only benefit to having these programs.
The given statement "Organizations often add enticements such as relocation assistance and career development programs to attract better applicants." is True organizations often add enticements such as relocation assistance and career development programs to attract better applicants.
These programs not only attract better applicants, but they also provide additional benefits to both the employees and the organization. For instance, career development programs help employees improve their skills and knowledge, leading to increased job satisfaction and retention rates.
Furthermore, such programs foster a positive work environment, resulting in higher employee engagement and productivity. Meanwhile, relocation assistance eases the burden of moving for new employees, allowing them to focus on their new role and adapt to the organization more quickly.
In summary, while these programs do attract better applicants, they also provide numerous other benefits, such as employee skill enhancement, increased job satisfaction, and improved productivity, which ultimately contribute to the overall success of the organization.
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"Why can production only take place on or inside the curve?"
Answer:
I suppose that you are referring to a production possibilities frontier (PPF) curve. Total production output can only take place on or inside the curve because the PPF curve gives us the maximum combination of output that we can produce of two different goods using all available resources.
e.g.
Cars Boats
100 0
80 15
60 30
40 45
20 60
0 75
If you want to produce 60 cars, the maximum number of boats that can be produced is 30. You can produce less than 30 boats, and have some spare unused resources, but you cannot produce 40 boats.
a car is purchased for . after each year, the resale value decreases by . what will the resale value be after years? use the calculator provided and round your answer to the nearest dollar.
A car is purchased for . after each year, the resale value decreases by, 24,000 in lost value making the car's value zero .
If it lost 20% of its value in the first year, it would have lost 100% of its value by the fifth year, making it worthless.
In the first year, 20/100*24000 equals $4,800.
The value will be after the first year.
Consequently, the value will be in five years.
4800*5= $24,000 in lost value making the car's value zero .
In an effort to shop more responsibly and find a new home for the things in their closet that they no longer want, consumers are turning more and more to secondhand and antique clothing, which has led to a huge rise in the demand of resale in recent years.
Your minor purchases from resale shops, such as a pair of jeans or a formal dress, have a significant influence on the environment. Buying used clothing enables you to carry on the memories of the deceased through your choices.
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The correct question is :
A car is purchased for $24,000 . After each year, the resale value decreases by 20% . What will the resale value be after 5 years? Use the calculator provided and round your answer to the nearest dollar.
Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
Quattro Lending Company is considering lending a large sum to Eleance Inc. During its decision process, Quattro should especially consider Eleance's existing:
Answer: long-term liabilities
Explanation:
What are the basic points to be considered while running the occupation? for each of them
Answer:
interest
qualification
skills
finance
Reasons for looting
Answer:
if anyone do something wrong
Answer:
There are several reasons people loot, the most common being a retaliation against someone or something ( an anger towards a business or company ) and leads to plundering the goods of a store or shop. It's also a sad but common theme to loot after natural disasters, such as a hurricane or earthquake. Less common is looting in war, and the only reason it's less common is because fortunately we don't have any wars at the immediate moment
what term refers to wealth or resources invested in business with the intent of producing a profit?
Investment refers to the wealth or resources that are put into a business with the intention of generating a profit.
Investing is an important part of building wealth and achieving financial goals, as it allows individuals and businesses to grow their assets over time. It involves taking calculated risks and making informed decisions about where to allocate resources in order to maximize returns.
Capital is the money or other assets used by businesses to fund their operations and generate profits. It includes financial resources such as cash, as well as physical resources like buildings and equipment.
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A __________ is a group of closely related items which are sold or made by a company. Product segment Product mix Product line Product code
Justin’s Maple Almond Butter + Pretzels is sold in a single-serving molded plastic package designed to keep the almond butter and pretzels fresh. Additionally, the packaging is designed in a way such that pretzels can be easily and neatly dipped into the almond butter during consumption. This is an example of the ______ of packaging.
Answer:
functional benefit
Explanation:
It is correct to say that Justin's Maple product packaging is a functional packaging, as it provides added benefits to the organization's products. From the information in the question, we can see the functional attributes of the packaging, which are designed to keep almond butter and pretzels fresh, in addition to providing a greater experience while consuming the product.
Therefore, functional packaging is one that increases the value of the customer's perception of the aggregate and functional benefits of packaging. This is a strategy of generating value for consumers and differentiating it from the competition, increasing the organization's competitiveness and its positioning in the market.