Answer:
The depreciable cost of the equipment is $400,000
Explanation:
In this question, we are tasked with calculating the depreciable cost of the equipment bought
To calculate this, we simply engage the use of a mathematical relation
Mathematically;
Depreciable cost = Original Cost - Salvage value
From the question, the original cost is $470,000
The salvage value = $70,000
Inputing these values into the equation, we have
Depreciable cost = $470,000 -$70,000 = $400,000
Review your state’s guidelines and regulations pertaining to consumer loans and credit. In a 500-word report, describe how they compare to the federal laws.
personal finance
Answer:
Texas state laws are highly concerned with third-party collection agencies hassling consumers. State laws require that debt collectors prove they are bonded and licensed to collect delinquent funds. A debt collector must validate or prove it is the legitimate owner of a debt and provide the consumer with specific information about the debt. The Texas finance code states that collection agencies must tell you the name of the original creditor, the original date of default or non-payment, the date the debt was transferred from the original creditor to the third-party debt collector, and the original balance and current balance. If the debt collector refuses to provide the information, state law views it as an admission of inaccurate debt collection. The consumer then has the right to have all debt collection efforts stop and to have the debt permanently removed from any consumer credit reports. The debt collector must be bonded in the state of Texas and have legal authority to collect fees, interest, and expenses. Texas offers programs to monitor credit reports, help repair credit history, and make payment plans.
While federal credit and loan laws are more concerned with fair and accurate business practices, Texas state law is more concerned about debt collection by third parties and repairing credit history. It indicates that when it comes to credit and loans, the biggest problems Texans experience are high debt, debt collections, and poor credit ratings. Texas is less concerned with fair credit practices by creditors and more concerned with how to keep its consumers from defaulting on loans. They also seem to be concerned with fraudulent collection agencies going after consumers and with false financial information being placed on consumer credit reports. The Fair Credit Reporting Act tells consumers to alert CRAs to investigate disputed claims, and the CRAs then have 30 days to investigate a claim and determine if it is inaccurate, incomplete, or unverifiable. In Texas, the state advises consumers to contact the collection agency and request information to validate the collection. Texas gives the collection agency 30 days to respond. If the collector doesn’t respond, the case must be removed, if the agency does respond, the debt is considered legitimate. The state does not refer to CRAs at all.
The state’s website does address identity theft, which can lead to fraudulent use of credit. Texas recommends its citizens invest in an identity protection plan for $10 a month. It also encourages people to invest in a credit report service for $14.95 a month. The Fair and Accurate Credit Transactions Act advises people that they have the right to access three free credit reports a year. The act also states that consumers have the right to have their account flagged by CRAs in the event of identity theft. Texas does not mention any of these rights and services. However, the state provides a lot of links and pages advertising businesses that consumers can pay to help them with credit history and identity theft. The state does not alert people to any free rights and services guaranteed by federal law.
Explanation:
PLATO
How to find total cash outflow
Answer:
The total cash flow is calculated by subtracting 'Total Operating Expenses' from 'Total Sales Revenue.'
Explanation:
Total Cash flow is the net amount of cash flow in and out in a company or enterprise. The net amount of cash flow of a business is calculated by subtracting 'Total Operating Exppenses' from 'Total Sales Revenue.'
Total Sales Revenue is the net amount of sales of the business. It is the income of a company that it has received by selling its products. Total Sales Revenue includes the income such as investments, receipts, etc.
Total Operating Expenses is the net amount of expenses incurred to the business in its operation. It includes rent, insurance, pay costs, etc.
The formula of Total Cash Flow is:
Total Sales Revenue- Total Operating Expenses= Total Cash Flow.
How do the effects of voluntary restraint agreements differ from the effects of a tariff? Tariffs reduce trade by more than voluntary restraint agreements. Voluntary restraint agreements result in higher prices, which increase revenue for foreign firms, while the revenue raised from tariffs goes to the domestic government. Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not. Voluntary restraint agreements are informal agreements that can be easily changed, while tariffs are not.
Answer:
Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not.
Explanation:
A tarrif is defined as a tax that is imposed by government on goods and services that are imported from another country. Tarrifs are used to discourage imports by increasing their prices compared to locally produced goods and services.
Voluntary restraint agreements is is also called voluntary export restraint. It is a restriction on the amount of goods and services that exporters are allowed to export to other countries. It is also referred to as export visa.
Tarrifs results in increase in price of goods and services while voluntary restraint agreement does not.
Abigail sells rice to stores. She has total og 125 cavans that she plans to distribute to three stores. If she gives 1/5 of what she has to store A, can she divide the remaining equally to stores B and C? How many will store A and store B get
Answer:
Store A would get 25 Cavans
Store B would get 50 Cavans
Explanation:
Total of cavans is 125
Since she gives 1/5 of 125 cavans to A A would be getting 1/5 × 125 = 25
The balance would be 125 -25 = 100
If the balance is divided equally between B and C
= 100 ÷ 2
=50
Therefore,
Store A would get 25 Cavans
Store B would get 50 Cavans
Store C would get 50 Cavans
In one or two sentences, explain why people will do less of an activity when the marginal costs are greater than the
marginal benefits.
Answer:
Marginal cost is defined as the additional cost incurred in adding a unit of product or service.
Marginal benefit is defined as the additional satisfaction or utility that the individual receives from consuming the added unit of product or service.
In every endeavor, we weigh the benefit and cost of a certain product, course of action or service. We aim to get the most out of every product or decision. We are driven to reach maximum profit at a minimum cost. Thus, when the marginal cost is greater than the marginal benefit, people will do less of an activity because it is not profitable.
Explanation:
Read the scenario.
Madison received $100 as a holiday gift. She used it to buy 50 mineral infused candles for $2
each. Then, she walked around the neighborhood and sold the candles for $4 each.
R
What factors of production did Madison use?
Answer:
1/34
Explanation:
Answer:
all four factors of production
Explanation:
I just took the test now and got it right
Which of the following is an example of promotion?
A The quality of a product
B. The price of a product
C. An advertisement
D. An employee who works for your company
Answer:
A. An advertisement
Explanation:
Answer:
it is c
Explanation:
on edg 2021
You can best show a business your interest in their job position through:
A.)social media
b.) an application
c.) a resume
d.) a cover letter
Answer:
d.) a cover letter
Explanation:
The best way to show a company/business your interest in the job position is through the cover letter. This is a letter that goes in front of your resume when applying for a job and is where the applicant usually explains who they are and why they want the job. This cover letter is the first thing that the employer will see and should tell them why you want the job and why you are the best choice for that job in order to convince them into interviewing or hiring you.
Do u think that the production employees should recieve the same fringe benefits and share of profits as a factory manager? Justify ur answer.pls
Answer:
No
Explanation:
Production employees don't do half as much work as the Factory manager
A company sells a plant asset that originally
cost $528000 for $194000 on December
31, 2017. The accumulated depreciation
account had a balance of $264000 after
the current year's depreciation of $44000
had been recorded. The company should
recognize a
Answer:
The company should recognize a loss of $70,000
Explanation:
Here in this question, we shall be evaluating what should be recognized in the transaction books of the company as a result of the sales of one of its plant asset.
The first thing to do here is to calculate the book value of the plant asset.
Mathematically, the book value of the plant asset = Original cost of plant asset - Accumulated depreciation value
from the question; the original cost is $528,000
while the depreciation value is $264,000
Thus, the book value of the plant asset = $528,000 - $264,000 = $264,000
Now since the company sold the plant asset at a value of $194,000, which is less than the book value of the plant asset, the company should recognize a loss
The amount of the loss = Amount at which the sold - book value of the plant asset
= 194,000 -264,000 = -70,000
Thus the company should recognize a loss of $70,000
2. Lessack Auctioneers advertised an auction sale that was open to the public and was to be conducted with a reserve price of $150. Gordon attended the auction and bid $100 for a work of art that was worth much more. No higher bid, however, was made. Lessack refused to sell the item for $100 and withdrew the item from the sale. Gordon claimed that because he was the highest bidder, Lessack was required to sell the item to him. Was he correct? Explain
Answer:
No
Explanation:
There was a reserve on the item which means the seller refuses to sell for a price lower then a certain price.
No, Gordon's claim is not correct because if the reserve price is not met, the seller is under no obligation to sell the item to the highest bidder. As a result, some buyers dislike reserve prices because they encourage bids that may not be successful.
What are the advantages of an auction?Through competitive bidding, an auction generates fair market value, allowing you, the buyer, to make an informed purchasing decision with a seller who is eager to sell. The market value is determined by buyers. Auctions allow for a quick purchase and eliminate the need for lengthy negotiations.
If a minimum bid is not met by any of the bids present at an auction, the auctioneer may 'pass in the property, which means that it has not sold. If this occurs, the winning bidder is usually decided to invite to start negotiating with the seller to see if the sale can still be completed.
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In a statistics examination the mean score was 78 and the standard deviation was 10
(a) Determine the standard score of two students whose grade were 93 and 62 , respectively.
(b) Determine the grades of two students whose standard score was -0.6 and 1.2 respectively.
Answer:
a) determine the standard score of two students whose grade were 93 and 62 respectively
The Hawkins Supply company is currently faced with an inventory rotation problem. This difficulty stems from the fact that some supplies must be used prior to a stated expiration date. Upon receipt, a new shipment of these perishable items must be stacked beneath the boxes that are currently in inventory. A substantial amount of time is consumed in restacking the items according to their expiration dates.
Here's the completed question.
Question: The company would like to reduce the double and sometimes triple handling of items. How can this goal be achieved? Are there alternative solutions which might also be effective?
Answer:
1. Using the Just in Time Management inventory technique.
2. Using automated inventory processing systems, changing physical layout of warehouse.
Explanation:
1. The Just in time method would allow Hawkins Supply company to quickly process its inventory by adopting a principle of processing smaller batches with reduced factory space. Doing so would minimise the worries about expired inventory since the inventory isn't excessive.
2. There are automated softwares such as the KANBAN system that would automated the process, requiring lesser use receipts to track inventories. Another alternative is to restructure the warehouse by making provision for racks that could be numbered serially to easily find desired inventory.
Suppose romaine lettuce is a normal good. Suppose further incomes in the economy are rising. Everything else held constant, this will cause the _____ romaine lettuce to _____.
Answer:
Demand for
Increase
Explanation:
A normal good is a good whose demand increases when income rises and whose demand falls when income falls.
So if income is rising, the demand for the lettuce should increase.
I hope my answer helps you
During the economic periods of ____ , the economy is at its highest point and unemployment is low, in addition, total income is high and consumers are willing to buy products and services.
Answer:
Prosperity.
Explanation:
This can be tagged to be an economic period or stage in fluctuation, contraction and other factors affect the growth of a business or a certain economy. Example can be seen when your business generally follows the same economic cycle as the others does in the economy, then warning signs of an impending recession suggest that it is not a good time for you to broaden or create new growth grounds. This cycle help a business organisation protect against downturns, and position themselves to gain maximum merits of economic expansions.
Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market will want to produce at the point that the marginal revenue is equal to the marginal cost. Explain in detail the two reasons that the monopoly’s marginal revenue will always be less than its price while the marginal revenue in the perfectly competitive market will always be equal to the market price.
Answer:
The overview of the given statement is described in the explanation segment below.
Explanation:
Monopoly Market:
The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR. Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).Perfectly Competitive Market:
The price shall be calculated whenever market forces are equivalent. The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.Thus,
⇒ [tex]AR=P =MR[/tex]
Hence,
⇒ [tex]P = MR[/tex]
Technology allows firms to listen to customers' wants, track their purchases, provide them with better service, and give them more access to information.
Answer:
This is true
Explanation:
With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.
According to Keynesian theory, what is the most important determinant of households' spending on goods and services
A) Autonomous consumption
B) Government spending
C) The price level
D) The interest rate
E) Disposable income
Lito is working with a discount broker.Which service would Lito not be likely to receive?
Answer: face to face consultations
Explain in three sentences what “a decision to communicate constructively” means
A decision to communicate means to communicate positively, offering help and support, and it doesn’t involve criticism and dispiriting. It a method of communicating more effectively and efficiently. In addition, communicating constructively is a way to present your points to a person or audience so they can understand them.
Why are ethics important in the workplace?
Answer:
Ethics is important in a workplace because :
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Explanation:
Ethics at a workplace or Workplace Ethics can be defined as the standards or regulations that are put in place by a firm or organisation that helps to guide the behavior or attitude of employees at work such that safe work ambience is created and employees relate in a professional manner to one another.
Examples of Workplace Ethics are:
a) Punctuality
b) Honesty
c) Loyalty
d) Productivity
e) Dependability
Ethics at the workplace in important because:
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Answer: professional organizations
Explanation: took the test (:
What is the definition of hangry my friend keeps saying it but i dont understand
Answer:
hangry is when you feel hungry and angry at the same time
Explanation:
basically, your angry because of the fact that your hungry
an increase in the velocity of money will lead to
Answer: an increase in money supply increases aggregate demand, which increases prices
Explanation: Hence, a very high inflation rate will also maximize the velocity of money, which will increase the inflation rate even further.
Money circulates more quickly when velocity of money increases , which indicates that there are more transactions between people. The degree of inflation is high when the velocity is high.
What is inflation?The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, the general rise in prices or the rise in a nation's cost of living.
Demand-pull inflation, cost-push inflation, and built-in inflation are the three basic sources of inflation.
Demand-pull inflation describes circumstances in which there is not enough production of goods or services to meet demand, leading to an increase in their prices.
On the other side, cost-push inflation happens when firms are compelled to raise prices as a result of rising costs associated with producing goods and services.
When workers seek greater pay to keep up with rising living costs, built-in inflation—also known as a wage-price spiral—occurs. A self-reinforcing cycle of salary and price rises results from businesses increasing their pricing to cover their rising wage costs.
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Which statement is a consequence of objectivism? Group of answer choices Moral rules apply in all cases, without exceptions. Whether an action is objectively right depends on its consequences. If two people have a moral disagreement, only one of them can be right. Everyone has the same beliefs about morality.
Answer:
B. Whether an action is objectively right depends on its consequences
Explanation:
Ayn Rand developed the theory of Objectivism. Objectivism according to her is the philosophical idea, that every thing people do, be it the pursuit of education or financial security is done simply for the purpose of preserving the human life. This theory promotes selfishness over altruism. It also advocates realism. Every other thing people do is supposed to conform to that which is the fact.
This theory also opines that if our philosophy of life is correct or right, then we would be successful. But if our philosophy of life is wrong, then the consequences would be inimical.
A student will decide to attend class when
A. The Marginal Cost in low
B. The Marginal Benefit of attending exceeds the marginal cost of attending
C. There is an attendance policy
D. The Marginal Benefit is positive
A student will decide to attend class when there is an attendance policy. Thus, option (c) is correct.
What is policy?The term policy refers to are the rules are the described in the details are the mention. The policy are the making follow to the country and the employees of the company. The policy are the making the company of the solving the issues.
A student was the decided to regularly attend lectures or classes was the main motive to fulfill the attendance policy. The attendance was the necessary to appear in the exam. An attendance was the help to gain good marks in the exams. An attendance policy was the best policy.
As a result, the student will decide to attend class when there is an attendance policy. Therefore, option (c) is correct.
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explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Where do insurance companies get the money to pay for losses suffered by their customers?
Answer:
Through the Insured premium paid
Explanation:
Insurance is a form of contract where the insureds are indemnified by the insurer against potential future losses.
The primary way through which insurance generate money is through the premium , which is the amount of money that is periodically contributed by the policy holders. This premium is thereafter re-invested into other profit generating investment portfolio.
It is from this that the insurances pull out money for compensation for losses suffered by their customers whenever there is one.
why did God call abraham
Answer: god chose Abraham and said i will make you a great nation and i will bless you.
Explanation: god commanded Abram to move to another country . This is why god planned to make of Abram a new nation from which the prophets of god and the savior of the world would arise.
Think about a country where most economic production results in air pollution that creates lots of smog. What would be the trade-off if the bad result (air pollution) were reduced?
A. less of the activity that creates lots of smog
B. lower incomes
C. higher incomes
D. more of the activity that creates lots of smog
it is not A
Answer:
Option B is correct.
Explanation:
A specific risk of minimizing or eliminating bad operation must be paid. That would increase that general amount of inflation as well as lower productivity and profits, as a majority of the expenses must be borne by the government instead.
That's the compromise social system has to deal with, increased costs of earnings with far more pollution, or reduced earnings smog.
Option A is incorrect according to the following scenario because the activity that generates a range of pollution could not be achieved. Option C is incorrect according to the following scenario because we already describe that lower-income is the appropriate option. Option D is incorrect according to the following scenario because more activity, which generates much pollution, isn't really feasibleCandle Shop, Inc. has net sales on account of $1,800,000. The average net accounts receivable are $680,000. Calculate the days' sales in receivables.(Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.)
Answer:
137.89 days
Explanation:
Days' sales receivables = (Accounts Receivables / Net Credit Sales) *365
Accounts Receivables = $ 680,000
Net Credit Sales = $ 1,800,000
Days' sales receivables = $680,000 / $ 1,800,000 * 360 days
=137.88888
= 137.89 days
The days' sales in receivables is 137.89 days