The modified accelerated cost recovery system (macrs): multiple choice is not acceptable for financial reporting. is an outdated system that is no longer used by companies. is required for financial reporting. is identical to units of production depreciation. does not allow partial year depreciation.

Answers

Answer 1

The modified accelerated cost recovery system MACRS: is not acceptable for financial reporting. The correct option is A.

The Modified Accelerated Cost Recovery System (MACRS) is a tax depreciation system used by companies for tax purposes.

It is not required for financial reporting, but it is often used as a guide for determining the useful life and depreciation of assets. MACRS allows companies to deduct the cost of an asset over a predetermined period of time, typically between 3 and 39 years, depending on the type of asset. It is not identical to units of production depreciation, as MACRS uses a different calculation method.

Additionally, MACRS does allow for partial year depreciation, which can be useful for companies that acquire assets during the middle of a tax year. While MACRS is not the only depreciation method available to companies, it remains a popular choice due to its simplicity and tax benefits. The correct option is A.

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Related Questions

What do most business people think is the primary purpose of business?

A. To fix the problems of society

B. To invest all profits back into the business

C. To protect private property

D. To generate wealth

Answers

The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.

What is business?

Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.

The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.

The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.

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Economists reported that the costs of regulatory compliance were highest for:a. Antitrust issues.b. Worker safety.c. Consumer protection.d. Vehicle safety.

Answers

Economists have found that the costs of regulatory compliance are highest for b) worker safety.

This is because ensuring a safe working environment involves implementing various measures such as training programs, hazard identification, and control systems. Additionally, businesses must adhere to Occupational Safety and Health Administration (OSHA) regulations and standards. These efforts require significant financial investment, time, and resources.

Although antitrust issues, consumer protection, and vehicle safety also involve compliance costs, they typically do not surpass the expenses associated with maintaining a secure and hazard-free workplace. Ensuring worker safety is essential for businesses, as it promotes employee well-being and prevents potential liabilities arising from accidents or injuries.

Therefore, the correct answer is  b) worker safety.

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Which savings account will earn you the most money?

1.One that earns simple interest monthly.
2.One that compounds interest daily.
3.One that earns simple interest daily.
4.One that compounds interest monthly.

Answers

Answer:

one that earns simple interest daily

The savings account that earn you the most money is: 3.One that earns simple interest daily.


What is savings account?

Savings account is an account that enables you to save while you earn interest on the amount saved reason being that saving account is an interest earning account.

A saving account that gives you simple interest daily is the best as it will enable to accumulate more interest.

Therefore the savings account that earn you the most money is: 3.One that earns simple interest daily.

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what is the major disadvantage of using the naive approach for prediction? group of answer choices

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The major disadvantage of using the naive approach for prediction is its simplistic assumption of independence among the variables or features.

The naive approach assumes that all features are independent of each other, meaning that the presence or absence of one feature does not affect the probability of the presence or absence of another feature.

In real-world scenarios, many variables are interdependent and exhibit complex relationships. Ignoring these relationships can lead to inaccurate predictions and poor model performance. The naive approach fails to capture correlations, dependencies, and interactions among variables, resulting in oversimplified models that may not adequately capture the underlying patterns and dynamics of the data.

Additionally, the naive approach may not consider the relevance or importance of different features, treating all features equally. This can lead to suboptimal predictions and limited understanding of the underlying factors driving the data.

Overall, the naive approach's major disadvantage lies in its oversimplified assumption of independence among variables, making it unsuitable for scenarios where dependencies and interactions among features are significant.

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People commonly use credit cards, auto loans, home mortgages to finance their purchases *
A. True
B. False

Answers

Answer:

the answer to this question is true

Answer:

People use credit cards for daily purchases. I think the question is asking for finance a purchases which will conclude it's a big purchases so YES people will use credit and assists to finance purchases  

Explanation:

The best answer is A. Ture

cual es la importancia de tener bodegas en las empresas

Answers

Answer:

la importancia es hacer que la gente compre y los que venden ganen plata

Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math

Answers

Answer:

Keyboarding and Math :)

Explanation:

what are the advantages of interdependence in economics​

Answers

Answer:

This affiliation allows specialist industries to thrive. And, the success can lead to job and wage/salary increases and an overall improvement to wealth and lifestyle

european union subsidizes its farmers. how do these subsidies make it difficult for farmers in developing economies to compete in the world farm market?

Answers

European union subsidizes its farmers. By encouraging export dumping and overproduction subsidies make it difficult for farmers in developing economies to compete in the world farm market.

The required details about subsidies are mentioned in the paragraph below.

European Union agricultural subsidies are destroying livelihoods in growing countries. By encouraging over-manufacturing and export dumping, those subsidies are using down international expenses of key commodities, which include sugar, dairy, and cereals. Subsidies inspire non-public corporations to adopt monetary sports and enterprise ventures that the authorities sees as withinside the public's high-quality interest. Government spending on subsidies influences each quarter of the worldwide economy. Subsidies are furnished through each federal or country wide governments and nearby governments. cash given through a central authority or an agency to lessen the price of manufacturing food, a product, etc. and to assist to maintain expenses low: authorities/public/kingdom subsidies.

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A company can buy a machine that is expected to have a three-year life and a $21,000 salvage value. The machine will cost $1,764,000 and is expected

to produce a $191,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for

one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%?

Multiple Choice

$105,214

$564 457

$615,438

$689,319

O $1,869,214

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Answers

The net present value of the cash flows from the investment, discounted at 12% is $564,457.

Explanation:

First, we need to calculate the annual cash flows:

Annual net income = $191,000
Add back depreciation (cost - salvage value / useful life) = ($1,764,000 - $21,000) / 3 = $581,000
Annual cash flow = $191,000 + $581,000 = $772,000

Using the present value table given:

PV factor for year 1 = 0.8929
PV factor for year 2 = 0.7972
PV factor for year 3 = 0.7118

NPV = (PV factor for year 1 x Year 1 cash flow) + (PV factor for year 2 x Year 2 cash flow) + (PV factor for year 3 x Year 3 cash flow) - Initial investment

NPV = (0.8929 x $772,000) + (0.7972 x $772,000) + (0.7118 x $772,000) - $1,764,000

NPV = $687,888 - $1,764,000

NPV = -$1,076,112

However, since the salvage value of $21,000 is not accounted for in the NPV calculation, we need to add it back to get the final answer:

NPV + Salvage value = -$1,076,112 + $21,000 = -$1,055,112

Finally, we need to consider that the question asks for the net present value (NPV) of the cash flows, not the total value. So we need to subtract the initial investment from the NPV:

Net present value of cash flows = NPV - Initial investment

Net present value of cash flows = -$1,055,112 - (-$1,764,000) = $708,888

Therefore, the correct answer is not listed in the multiple choice options.

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Dave Ramsey's investing principles.

Answers

Answer:

Here is Dave's investing philosophy: Get out of debt and save up a fully funded emergency fund. Invest 15% of your income in tax-favored retirement accounts. Invest in good growth stock mutual funds

1. Organization charts help managers understand the financial situation of the company.
a. True
b. False

Answers

the answer is a.) true

What is the best advice to keep in mind as you grow your business?

Answers

Answer:

Be smart and watch out for snakes

Your employer will withhold the following taxes from your $200 paycheck:
A Federal Income Tax (10%): $20.00
B Social Security Tax (6.2%): $12.40

C Medicare Tax (1.45%): $2.90
C State Income Tax (5%): $10.00

Answers

Answer is B social security tax

A farmer has developed a new type of fertilizer. This new fertilizer costs 20
percent more to produce than the old fertilizer but has better results: The
same land now produces 25 percent more crops each year.
Which statement best describes one way the farm will be affected by using
this new fertilizer?
A. The farm's opportunity cost for using fertilizer will increase.
B. The farm's opportunity cost for using fertilizer will decrease.
C. The farm's marginal cost for fertilizer will increase.
D. The farm's marginal cost for fertilizer will decrease.

Answers

Answer: A

Explanation:

Answer:

The farm's marginal cost for fertilizer will increase.

Explanation:

A market growth factor that explains customers' perceptions of a new product as better at satisfying their needs than the product it replaces is called:

Answers

This is the answer to

I WILL MARK BRAINIST IF CORRECT

What is the best way to prevent germs from spending when coughing or sneezing?
Cover mouth with tissue
Cover mouth completely with hand
Sneeze in upper sleeve
Turn head away to sneeze

Answers

Answer:

Cover mouth wirh tissue

Explanation:

The CDC recommends that you cover your mouth and nose with a tissue when you cough and or sneeze.If you find yourself without tissue,cough or sneeze into your upper sleeve rather than your hands.

Answer:

cover mouth with tissue

given the following information for mouse inc., calculate its profit margin for the year 2018. $ in thousands 2018 2019 net income $ 500 $ 450 net sales 3500 3650 accounts receivable 2150 1500 multiple choice question. 7% 61.42% 57% 14.29%

Answers

2018's profit margin for the company. thousand dollars Accounts receivable as a percentage of net sales for 2018–2019 is 14.29%, or $500–450.

How can I determine my profit margin?

We must divide the gross profit by the entire revenue for the year, multiply by 100, and then find the gross profit margin. We must divide net income (or net profit) by the entire annual revenue before multiplying the result by 100 to get the net profit margin. Your net profit margin, for instance, would be 10% if your sales were $1 million and your net income was $100,000.

Profit Margin = (Net Income / Net Sales) x 100%

For Mouse Inc. in 2018:

Profit Margin = (500 / 3500) x 100%

Profit Margin = 14.29%

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You should assume that emails not addressed to you are ______. a. public b. unimportant c. private d. unethical please select the best answer from the choices provided a b c d

Answers

You should assume that emails not addressed to you are private and should not be opened or read.

Emails are an important part of communication in today's world. They are used to send messages quickly and easily, and can be used to facilitate conversations and collaborations. When writing emails, it is important to be clear and concise. Pay attention to grammar and spelling, and use language that is easily understandable. Make sure to include a meaningful subject line, and be sure to include all important information. Lastly, take the time to read over your email before sending it, to ensure that it is accurate and professional. Communication is an essential part of our lives, allowing us to express our ideas, opinions and feelings. It involves the exchange of verbal and non-verbal messages and is used to build relationships, share information and solve problems. Effective communication requires understanding, listening and responding appropriately.

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Tap to select then tap to drop. The company's top managers choose overall ____, and then choose____ for each of the company's businesses. Then departmental managers within each of these businesses formulate____ for their departments. Their aim should be to have functional strategies that will support the competitive strategy and the company-wide strategic aims. The marketing department would have_____ The production department would have production strategies. The human resource management (HR) department would have____
a. Corporate strategies
b. Competitive strategies
c. Functional strategies
d. Marketing strategies
e. Human resource strategies

Answers

The company's top management selects overall strategies and then selects strategies for each of the company's businesses. Departmental managers within each of these businesses create plans for their respective departments. The goal is to have functional strategies that support the competitive strategy and the company-wide strategic goals.

The marketing department would have advertising and promotional strategies, while the production department would have production strategies. The human resource management (HR) department would have human resource strategies.Each departmental manager is responsible for executing the functional strategy that they have formulated.

The functional strategies must support the company's competitive strategy and overall strategic aims. The functional strategies must be integrated to work well together.Each department is responsible for implementing the plans in a way that is consistent with the functional strategies.

For example, the production department would have production strategies that help to ensure that the company's products are produced efficiently and that the quality is high. The human resource management (HR) department would have human resource strategies that help to ensure that the company's employees are trained, motivated, and well-supported.

The company's top management selects overall strategies and then selects strategies for each of the company's businesses.

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Creative Chronometer, Inc. is planning to launch a new brand of watches for kids. Similar watches are available in the market for $56. In order to penetrate the market, the company plans to use target pricing and desires a 28% net profit markup on total cost. Calculate the target cost. (Round your answer to the nearest cent.) $71.68 $43.75 $40.32 $15.68

Answers

Answer: $43.75

Explanation:

Given the following :

Markup on total cost = 28%

Projected selling price (price of similar products) = $56

Target cost = projected selling price - desired profit

Desired profit = 28% of target cost

Assume target cost = a

a = 56 - 28%a

a = 56 - 0.28a

a + 0.28a = 56

1.28a = 56

a = 56 / 1.28

a = 43.75

Therefore, target cost 'a' equals $43.75

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 20 years or as a​ lump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 7​% over 20 years. This week the lottery is worth ​$6 million to a single winner. What would the cash option payout​ be?

Answers

The cash option payout for the Georgia Lotto drawing worth $6 million can be determined by discounting the annual winning payment at 7% over 20 years.

To calculate the cash option payout, we need to discount each annual payment by 7% for 20 years. We can use the present value formula to determine the cash amount.

Using the formula:

Present Value = Future Value / (1 + r)^n

Where:

Future Value = $6 million (the annual winning payment)

r = 7% (the discount rate)

n = 20 (the number of years)

Plugging in the values, we can calculate the present value (cash option payout):

Present Value = $6 million / (1 + 0.07)^20

Calculating this equation will give us the cash option payout that the winner of the Georgia Lotto drawing can choose to receive.

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the compensation plan known as blank involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.multiple choice question.individual incentiveslabor unionmerit payprofit sharing

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The compensation plan known as profit sharing involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.

An employee retirement plan that shares in corporate profits is known as a profit-sharing plan. An employee who participates in this sort of plan, also known as a deferred profit-sharing plan (DPSP), is given a share of the company's profits depending on its quarterly or yearly revenues. Although there are usually limitations on when and how a person can withdraw these assets without incurring fines, profit-sharing plans are a terrific method for businesses to give their employees a sense of ownership in the organization.

The amount of the firm's income it intends to share under the profit-sharing plan is entirely up to the corporation.

Employees are not permitted to make contributions to profit-sharing plans; only the firm may do so.

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two examples of an independent contractor a business may hire

Answers

Answer:

Electricians, plumbers, carpenters

Explanation:

anytime the terms of trade change and move closer to someone's opportunity cost that person is going to benefit___from trade than he or did she before

Answers

When the terms of trade change and move closer to someone's opportunity cost, that person is going to benefit more from trade than they did before.

This is because the opportunity cost represents the value of the next best alternative forgone when making a choice, and as such, it reflects the relative efficiency of producing one good over another. If the terms of trade move closer to someone's opportunity cost.

It means that they are now able to obtain more of the good that they specialize in producing for a given amount of the goods that they need to trade for. This increased efficiency leads to greater gains from trade for that person, as they are now able to produce and consume more goods overall than they could before the change in the terms of trade.

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Which of the following examples demonstrate common education and qualifications for Health, Safety, and Environmental Management careers? Check all that apply.

Houston is good at leading and supervising other workers.
Penny is very creative and can think of new ways to solve problems.
Melinda is good at explaining safety instructions to workers.
Caron has good mechanical knowledge of how diesel engines work.
Edgar has a bachelor’s degree.
Kent is a very good driver.

Answers

Answer:

B,C,E

Explanation:

100% on Edg

Answer:

2)Penny is very creative, and can think of new ways to solve problems.

3)Melinda is good at explaining safety instructions to workers.

4) Edgar has a bachelor’s degree.

Explanation:

Got it right on edge :)

In CengageNOWv2, all of the accounting problems are multiple choice or utilize drop-down menus. TRUE OR FALSE

Answers

The statement all of the accounting problems are multiple choice or utilize drop-down menus is true because participants will learn how to construct and evaluate financial statements such as the balance sheet, income statement, and cash flow statement.

As well as how to calculate and interpret crucial ratios. Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect Concept, Realisation Concept, Accrual Concept, and Matching Concept are some of the terms used in accounting.

Revenues, costs, assets, and liabilities are the four basic accounting concepts utilized in company. Documents such as balance sheets, income statements, and cash flow statements track and record these elements. When respondents choose to participate in the study on their own, they make a selection error.

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which part of our body is affected by plogue pose?​

Answers

Answer:

spine and shoulders are affected

The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.

Plow Pose

It is a stretching exercise which keeps your body fit and flexible.

Doing stretching exercise regularly benefits the body mucles and tendons.

The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.

This pose affects our spine and also our shoulders.

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which part of our body is affected by plogue pose?

One of the limitations for an entrepreneur of setting up a new business as a franchise is:

Answers

Answer:

The first and most significant disadvantage of a franchise is the fact that the franchisee has no control of the business or how it is run (or very limited control). The rules of the business are already established and part of the franchise agreement.

Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured

Answers

Answer:

A. Passionate

Explanation:

Hope this helps

Answer: independence

Explanation:

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The Coyotes pay their aging kicker $725,000 a year. He agrees to a 15% pay cut. What is his new salary? 1 point) Consider the linear system -3-21 a. Find the eigenvalues and eigenvectors for the coefficient matrix. 0 and 42 b. Find the real-valued solution to the initial value problem yj 5y1 +3y2, y2(0) = 15. = Use t as the independent variable in your answers. y (t) = y(t) = g standard conditions include a concentration of 1.0 m for soluble aqueous species, pure solids and liquids, and a partial pressure of 1 atm for gaseous species. group of answer choices true false previousnext Explain why (4) (-5) = 20. Use patterns, an example from the Integer Game, or the properties of operations to support your reasoning. -4|2w + 61 = -32. Whats the answer While we do not know who wrote Hebrews we are confident the letter was addressed to believers in Asia Minor.a. Trueb. False What is the carbon cycle The higher the standard of living for a population, thethe carrying capacity.Select one:O a. higherO b. lower No need to answer :) water is draining from a 300ml bottle at a rate of 2ml per second. How many seconds will it take for half of the water to drain? 10.Drag and drop three values into the space provided that will make the inequality 18 3x < 10 true. How much does ron owe in taxes ? There were 976 students that attended assemblies on bullying prevention throughout theweek. On Tuesday, 245 students attended the assembly. On Wednesday, 368 studentsattended the assembly. The rest of the students attended the assembly on Friday. If srepresents the number of students who attended the assembly on Friday, which equationscould be used to find s? john jones is buying a house for $100,000. john can get a loan for 95% of the purchase price at 8% with monthly payments for a 25-year term. what would his payments be if he borrows under these terms? What is Jacksons reason for supporting Indian Removal ? Custom creations furniture company manufactures furniture at its akron, ohio, factory. some of its costs from the past year include? Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building.1. Donny and Sunshine both increase their capital equipment by one mixer and one fryer. Which shop will benefit the most from expansion?a. Donny, because his workers were not as busy to start withb. The local weight-loss clinicc. Sunshine, because she was producing more to start withd. The shops will benefit equally because they are purchasing the same equipment2. Which of the following is the most realistic expectation Donny should have about how much his production will increase with the new equipment?a. At least 100 dozenb. About 50 dozenc. About 80 dozen3. Which of the following is the most realistic expectation Sunshine should have about how much her production will increase?a. About 50 dozenb. More than 80 dozenc. At least 100 dozen Find the median for Andy's test scores: 76, 84, 93, 67, 82, 87. * Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and traffic congestion to their optimal levels. (Note: Q equals the total quantity of bikes produced by all factories.)Average Total Cost (Dollars per bike)Number of Factories Q = 100 Q 200 Q = 300 Q = 400 Q = 500 Q =600 1 440 280 240 320 480 8002 620 380 240 240 380 6203 800 480 320 240 280 440Suppose Ike's Bikes is currently producing 600 bikes per month in its only factory. Its short-run average total cost is $ ...... per bike. suppose Ike's Bikes is expecting to produce 600 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using__ Two boats leave the same port at the same time. One travels at a speed of 28 mi/h in the direction N 50 E, and the other travels at a speed of 26 mi/h in a direction S 70 E (see the figure). How far apart are the two boats after 1 h? (Round your answer to the nearest mile.)