in year 4, senn inc. purchased land at a cost of $600,000 for a new office building. the existing building on the site, which was valued at 10% of the purchase price, was demolished at a cost of $15,000. the new building was completed during year 4. in addition, the following costs were incurred:

Answers

Answer 1

$23,000 is the amount that should be capitalized to its land account at land cost of $600,000 and demolished at a cost of $15,000.

given data:

purchased land cost = $600,000

demolished cost = $15,000

percentage rate = 10%

Debris removal and grading = $8,000

Fine for failure to obtain a county permit for demolition = 2,000

Surveying = 12,000

Excavation of basement for new building = 20,000

Building permits = 10,000

capitalized amount = demolished cost + Debris removal and grading

                                = $15,000 + $8,000

                                = $23,000

The term "account" describes a log of financial transactions. It is used to keep track of, manage, and report on the financial obligations that a person, business, or organisation has toward itself or others. Accounts come in many different forms, such as bank accounts, credit card accounts, loan accounts, and investment accounts. They assist both private persons and corporate entities in keeping tabs on their financial activities, observing their expenditure, and making future expense plans. An action that involves keeping records or a ledger is often referred to as an account. The financial sector may use it in a wide variety of ways. An account in banking refers to a contract whereby a company, often a financial institution like a bank or credit union, takes a client's financial assets and retains them on the customer's behalf at the discretion of the customer.

learn more about account here

https://brainly.com/question/5399294

#SPJ4


Related Questions

when an insurer decides to not renew an existing commercial property policy, it is obliged to follow the cancellation and nonrenewal condition of supplying notice to the policyholder 45 days in advance.

Answers

when an insurer decides to not renew an existing commercial property policy, it is obliged to follow the cancellation C. offer the same premium rates and policy coverage as before for an additional 30 days.

Explain the term policy.

A purposeful set of rules designed to direct behaviour and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governing board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies. Policies used in subjective decision-making typically aid senior management with choices that must be based on the relative merits of a variety of aspects, and as a result, are frequently challenging to assess objectively. An example of a policy used in this manner is the work-life balance policy. In addition, governments and other organisations have policies in the form of laws, rules, guidelines, administrative processes, rewards, and voluntary practices. Resources are frequently distributed in accordance with policy choices.

To study more about policy

https://brainly.com/question/13926715

#SPJ4

suppose you are told that a firefighter in poland who makes $750.00 has a z-score of 2.00 relative to other firefighters in poland and that the standard deviation of the salary of firefighters in poland is $125.00. the average salary, then, for firefighters in poland is .

Answers

The average salary for firefighters in Poland is $1000.The average payment for firefighters in Poland can be calculated using the z- score and standard deviations information handed.


Given that the z- score of the firefighter making $750 is 2.00 and the standard divagation of firefighter hires in Poland is$ 125, we can use the following formula to calculate the mean:

mean = (z-score × standard deviation) + 750
mean = (2 × 125) + 750
mean = 1000

So the average salary for firefighters in Poland is $1000.

To learn more about Standard Deviation:

https://brainly.com/question/475676

#SPJ4



which of the following statements accurately reflect the current status of the team? select any three options that are accurate and click submit.

Answers

Due to unclear accountability and lack of a clearly defined methodology, the team's skills are not sufficiently complimentary given that all members are from the same department.

A part of having teamwork abilities is being able to work well with others. 1 No matter what job you have, you must be able to work well with people and show hiring managers, recruiters, and potential employers this ability. Teamwork skills are the aptitudes that make it possible for you to communicate effectively with others. For a number of reasons, including the fact that they demonstrate leadership, collaboration, and efficient communication, employers favour people with strong teamwork skills. Employers need employees who can work well in a team. Teamwork is necessary in almost every industry, from business services to digital technology to culinary services.

To learn more about a team refer here:

https://brainly.com/question/14897426

#SPJ4

in which of the following dos attack tools do you select the target, the agent, how many sockets, the requests, and then click start flood to begin the attack?

Answers

Denial of service (DoS) attacks include a threat actor sending fake traffic to the target entity. As a result of its inability to discern between attack traffic and legitimate traffic, the target expends all of its resources on attack traffic. By denying the resources to lawful traffic, the target becomes useless.

what are the Dos attacking tools?

By transmitting malicious traffic from a single system, usually a computer, DoS attacks cause interruption. They can be quite basic; for example, a ping flood attack involves flooding a server with more ICMP (ping) queries than it can effectively handle and process.

DDoS attacks, in contrast, employ several machines to transmit harmful traffic to their target. The majority of the time, these machines are a part of a botnet, which is a network of computers or other devices that have been infected with malware and can therefore be remotely controlled by a single attacker.

DDoS assaults are more common and destructive in the modern Internet because of two factors. First, new security measures have been developed to thwart some common DoS assaults.

Learn more about Dos attacking tools, from:

brainly.com/question/4396002

#SPJ1

nataro, incorporated, has sales of $670,000, costs of $332,000, depreciation expense of $76,000, interest expense of $48,000, a tax rate of 23 percent, and paid out $45,000 in cash dividends. the firm has 27,800 shares of common stock outstanding. a. what is the earnings per share, or eps, figure? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what is the dividends per share figure? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

A. Earnings per share (EPS) = $164,980 / 27,800 = $5.93

B. Dividends per share (DPS) = $45,000 / 27,800 = $1.62

How did we get the values?

a. To calculate the Earnings per share (EPS), we first need to find the net income.

Net Income = Sales - Costs - Depreciation - Interest Expense

Net Income = $670,000 - $332,000 - $76,000 - $48,000 = $214,000

Next, we need to calculate the tax expense by multiplying the net income by the tax rate of 23%.

Tax Expense = Net Income * Tax Rate

Tax Expense = $214,000 * 0.23 = $49,020

Finally, we subtract the tax expense from the net income to get the taxable income.

Taxable Income = Net Income - Tax Expense

Taxable Income = $214,000 - $49,020 = $164,980

To get the EPS, we divide the taxable income by the number of outstanding shares:

Earnings per share (EPS) = Taxable Income / Outstanding Shares

Earnings per share (EPS) = $164,980 / 27,800 = $5.93

b. To calculate the Dividends per share (DPS), we divide the total dividends paid out by the number of outstanding shares:

Dividends per share (DPS) = Dividends Paid Out / Outstanding Shares

Dividends per share (DPS) = $45,000 / 27,800 = $1.62

learn more about dividends per share: https://brainly.com/question/28187295

#SPJ1

adams company is a manufacturing company that has worked on several production jobs during the first quarter of the year. below is a list of all the jobs for the quarter:

Answers

Adams Company's Work in Process ending balance at the end of the first quarter is $1134.

The net residual balance in an entity is the ending or closing balance. It is typically measured as part of the closing process at the completion of a reporting period. The total of all actions in an account is totalled up to create the ending balance, which is then multiplied by the opening balance. Both credit and debit sums are included in this figure. There may be outstanding transactions that haven't been cleared by the bank yet that wouldn't be included in the bank closure report but would be included in an accounting closing statement, causing a bank closing balance to differ from an accounting balance at the end.

learn more about ending balance here:

https://brainly.com/question/15009164

#SPJ4

Which of the following explains how dynamic capabilities are different from the resource-based view?
- Dynamic capabilities deal with resource heterogeneity.
- Dynamic capabilities deal with intangible resources.
- Dynamic capabilities deal with tangible resources.
- Dynamic capabilities deal with applying resources over time.

Answers

Dynamic capabilities deal with applying resources over time explains how dynamic capabilities are different from the resource-based view.

What is Dynamic capabilities?

Dynamic capability, according to organisational theory, is the capacity of an organisation to consciously modify its resource base. David Teece, Gary Pisano, and Amy Shuan described the idea as "the firm's ability to integrate, create, and reconfigure internal and external competencies to handle rapidly changing contexts" in their 1997 article Dynamic Capabilities and Strategic Management.

The phrase is sometimes used in the plural, dynamic capabilities, to emphasize that it takes a mix of several skills to be able to respond appropriately and promptly to outside changes.

The notion of operational capabilities, which was once in use, and the concept of dynamic capabilities are both related to an organization's present activities in different ways.

To study more about Dynamic capabilities

https://brainly.com/question/16197140

#SPJ1

marshall has received an inheritance and wants to invest a sum of money today that will yield $5,500 at the end of each of the next 10 years. assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today? (pv of $1, fv of $1, pva of $1, and fva of $1) (use appropriate factor(s) from the tables provided.)

Answers

He ought to put $3376.45 into the market, assuming he can earn a 5% annual compound interest rate.

What is the rate of interest?

The cost of borrowing money interest. When a lender makes a loan, they earn from the interest that is added to the principal loan amount. The actual price you pay for a home, a car, or other credit-based transaction depends on the interest rate.

Depending on the type of loan, an interest rate is calculated differently. After your loan is fully repaid, interest affects the overall cost you pay. For instance, if you borrow $100 at 5% interest, you will have to repay the lender $105 in total. The lender will earn $5.

Calculation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,500.

PV = FV (1 + r)^(-n)

FV = Future value = $5,500

P = Present value

R = interest rate 5%

N = number of years 10

[tex]5500(1.05)^{-10} = 3376.45[/tex]

Learn more about interest rates with the help of the given link:

brainly.com/question/13324776

#SPJ4

in preparation of the pro forma income statement, which of the following items are deducted from gross profits to arrive at earnings after taxes?

Answers

To determine earnings after taxes, gross profits are reduced by tax expense, general and administrative expense, and interest expense.

Any tax debt a person or company has with the government is considered a tax cost. The tax rate, which is typically expressed as a percentage of the entire amount subject to tax, determines amount of taxes that must be paid. Income taxes, capital gains taxes, payroll taxes, and unemployed taxes are examples of common tax expenses. After considerations including non-deductible expenses, tax assets, and liabilities have been considered, the appropriate tax rate for in an individual or business is multiplied by the income received or created before to taxes.

To learn more about tax expense refer here:

https://brainly.com/question/28575903

#SPJ4

Derive the supply function from the firm theory. Do not use numbers. Just graphs and detailed explanation.

Answers

In firm theory, the supply function defines the link between the quantity of an item that a business is willing and able to offer and its price.

Firms in a competitive market must contend with a downward-sloping market demand curve as well as the firm's marginal cost curve. The intersection of the market demand curve and the firm's marginal cost curve defines the firm's profit-maximizing quantity and price.

If the market price is higher than the business's marginal cost, the firm has the incentive to manufacture more of the item in order to enhance its profits.

In the case of Graph

The supply curve crosses the y-axis at the amount delivered for a price of zero, signifying the production's least average variable cost.

Learn more about the demand curve at

https://brainly.com/question/13131242

#SPJ4

financial accounting is a field of accounting that provides economic information for external users.True or False

Answers

True, A subset of accounting known as financial accounting gives external users access to economic data. The creation and dissemination of financial statements are the main objectives of financial accounting.

The creation and dissemination of financial statements and other reports to stakeholders outside the firm are the main areas of attention in financial accounting. Investors, creditors, regulators, and the general public are just a few examples of these stakeholders. Providing accurate and unbiased information about an organization's financial condition, performance, and cash flows is the goal of financial accounting. The recording, categorization, and summarization of financial transactions are controlled by generally accepted accounting standards (GAAP), which also serve as the foundation for financial accounting. External stakeholders utilise the data generated by financial accounting to make well-informed decisions about an organisation, such as whether to invest in the business or provide it credit.

learn more about financial statements here:

https://brainly.com/question/18188148

#SPJ4

output each floating-point value with two digits after the decimal point, which can be achieved by executing cout << fixed << setprecision(2); once before all other cout statements

Answers

Yes, this is doable. Executing with setprecision(2) fixed will produce all values in floating point with two digits following the decimal point.

Which is possible by carrying out cout fixed setprecision?

This question makes use of the C++ concept of stream manipulators.

When data is sent to a stream (such as cout), formatting can be changed with stream manipulators. In this instance, the output format for floating-point values is set to two digits after the decimal point using the fixed and setprecision manipulators.

The following explanations are provided: #include iostream> #include iomanip> with namespace std;

setprecision(2), cout, fixed, and int main();

  "The first value is," says cout. << 3.14 << endl;

  "The second value is," says cout. << -2.71 << endl;

  "The third value is," says cout. << 0.01 << endl;

  deliver 0;

Learn more about floating point value:

brainly.com/question/29242608

#SPJ4

Which of the following is the lowest level of integration between the human resource management function and the strategic management function?
A) Administrative linkage
B) Two-way linkage
C) Integrative linkage
D) Executive linkage
E) One-way linkage

Answers

Administrative linkage  is the lowest level of integration between the human resource management function and the strategic management function.

What is Administrative linkage?Administrative labor unconnected to the company's main business requirements is all that the department does in administrative linkage. One-way connectivity occurs when the HRM function receives the strategic plan from the firm's strategic business planning unit after it has been developed. linkages for administration, communication in two directions, and integration. The HRM function and the function of strategic management are integrated on these four levels.The term "strategic management" refers to a wide range of activities that collectively can be classified as such. These activities include reading the internal and external environment, establishing the organization's direction, allocating resources, measuring results, and a great deal more.Strategic planning, resource allocation, staffing, activity direction, and success control are the five main management tasks.

To learn more about Administrative linkage refer to:

https://brainly.com/question/30300003

#SPJ4

A(n) ___ estate represents the most complete form of ownership of real estate; the owner is free to divide it up into lesser estates and sell, lease, or borrow against them as he or she wishes.Group of answer choicesfee simplefreeholdlifeoutright

Answers

A fee simple estate represents the most complete form of ownership of the real estate(A).

The owner of a fee simple estate has the absolute right to use, occupy, and dispose of the property as he or she sees fit. This means that the owner can divide the property into smaller estates, sell or lease parts of it, or even use it as collateral for a loan.

The owner's rights to the property are unlimited and will pass down to their heirs when they die. The fee simple estate is also known as an "absolute estate" because the owner has complete control over the property, subject only to the limitations imposed by law.

In short, a fee simple estate gives the owner the ultimate control over their property and the right to use it in any manner they choose.

For more questions like Estate click the link below:

https://brainly.com/question/29741264

#SPJ4

An HR manager is typically expected to function as an in-house consultant to supervisors, managers, and executives.
Select one:
True
False

Answers

True, an HR manager is typically expected to function as an in-house consultant to supervisors, managers, and executives. Thus option (A) is correct.

Who is a manager?

A manager is a person in a company or a business or a firm, who has the responsibility of managing and coordinating the assignments and projects or any work of a company.

A manager is like a coordinator of a school who manages work o a company. They can be in charge of a department or a small unit of department and the people who work in it.

An HR manager is typically expected to function as an in-house consultant to supervisors, managers, and executives.

Learn more about manager here:

https://brainly.com/question/13223893

#SPJ1

which of the following statements below lists the rules of entering transactions into the accounting equation? multiple choice question. the accounting equation can be out of balance only when payment will be received at a future date. the accounting equation must always remain in balance so that assets always equal the sum of liabilities and equity. an asset account and a liability account are always affected. transactions entered into the accounting equation must involve cash and an equity account.

Answers

The accounting equation must always remain in balance so that assets always equal the sum of liabilities and equity.

What is accounting equation?

According to the accounting equation, a company's total assets equal the sum of its liabilities and shareholders' equity. The basis of the double-entry accounting system is thought to be this simple link between assets, liabilities, and equity. The balance sheet equation, often known as the basic accounting equation, depicts the relationship between an entity's assets, liabilities, and owner's equity. The double-entry bookkeeping system is built on it. The sum of the debits and credits for each transaction is equal. The three main parts of the balance sheet are the elements in this equation: assets, liabilities, and owner's equity. By employing the aforementioned equation, the bookkeepers and accountants make sure that the "balance"—i.e., that both sides of the equation—always holds.

To learn more about accounting equation click,

https://brainly.com/question/24401217

#SPJ4

FILL IN THE BLANK As CEO, Juan likes to meet all newly hired employees and share the story of how his grandfather started the company 60 years ago. Juan uses _________ to inspire the new employees.

Answers

COMPLETE THE FORMULA As CEO, Juan enjoys welcoming every newly hired staff members and telling them the tale of how his grandfather founded the business 60 years ago. Juan encourages the new hires with .

Is welcoming a correct word?

When you arrive somewhere, if someone is pleasant to you or acts in a friendly manner toward you, you will feel welcomed and joyful. She was really gracious when we got to her place. Good day/night/afternoon, We appreciate having each and every one of you here with us today. Both of you who have been with us for a long time and those of you who are new to the (group/community/association etc.) are extremely welcome.

Know more business found Visit:

https://brainly.com/question/1384274

#SPJ4

fill in the blank. suppose that expected inflation is 3 percent and the nominal interest rate is 8 percent. if actual inflation is 2 percent higher than expected, then the ex ante real interest rate is___percent, the ex post real interest rate is 3 percent, and there is an unexpected transfer of wealth from___.

Answers

the ex ante real interest rate is 5 percent, the ex post real interest rate is 5 percent, and there is an unexpected transfer of wealth from savers to borrowers.

The unanticipated wealth transfer is from savers to borrowers, and the ex ante real interest rate is 5%. The ex post real interest rate is 3 percent, which is lower than the ex ante real interest rate when actual inflation is 2 percent greater than anticipated. This results in an unanticipated wealth transfer from savers to borrowers since savings are worse off than expected and borrowing is better than predicted. A real interest rate is the market interest rate as seen, with inflation impacts taken into account. It depicts the value of the interest paid on a loan or investment in terms of its buying power. Additionally, it shows how much a borrower and lender value time.

learn more about  real interest rate here:

https://brainly.com/question/13324776

#SPJ4

a company reported the following account balances at year-end: accounts receivable: $12,000; accounts payable: $9,000; accumulated depreciation: $32,000; building: $80,000; cash: $7,000; note payable (90 days): $15,000; prepaid rent: $18,000; office supplies: $3,000; salaries expense: $40,000; revenue: $100,000; unearned revenue: $6,000. the company's current assets at year-end totaled

Answers

To determine the company's current assets at year-end, we need to add up the accounts that are considered to be current assets, which are assets that are expected to be converted into cash or used up within one year or the company's operating cycle, whichever is longer.

Cash, Accounts Receivable, Prepaid Rent, Office Supplies

Total Current Assets: $7,000 + $12,000 + $18,000 + $3,000 = $40,000

What are current assets?

Current assets are assets that are expected to be converted into cash or used up within one year or the company's operating cycle, whichever is longer. Examples of current assets include cash, accounts receivable, short-term investments, inventory, prepaid expenses, and other assets that can be quickly converted into cash. Current assets play an important role in a company's financial health and its ability to meet its short-term obligations and fund day-to-day operations.

Hene, the answer is, $40,000

To learn more about current assets, follow the link:

https://brainly.com/question/14287268

#SPJ4

when melver bank opened its first branch in the county of derenston, jon, the branch manager, arranged an ice-cream stall at the entrance of the bank's building as a treat to the locals of the county. in the context of managerial roles, which of the following roles does jon illustrate in this scenario?

Answers

When referring to managerial positions This situation serves as an illustration of the figurehead function. Assuming this job entails carrying out social, ceremonial, and legal duties.

What does the term "figurehead role" mean in the context of "management role"?

Assuming this job entails carrying out social, ceremonial, and legal duties. The team is inspired to achieve goals by the Figurehead, who also serves as the organization's representative. This managerial position serves as a source of authority and power for individuals.

What are the interpersonal responsibilities of a figurehead?

Interpersonal Role Figurehead - contains symbolic responsibilities of a legal or social nature. Leader is a general term that refers to all facets of effective leadership. This entails creating a team, leading the members, inspiring them, and fostering solid relationships.

To know more about figurehead visit:

https://brainly.com/question/14284793

#SPJ4

visa has an employee who searches the internet for 2 hours each day for insights on mastercard and other competitors

Answers

An employee at Visa spends two hours per day researching competitors such as Mastercard on the internet. Boundary-spanning jobs refer to this.

What do you mean by boundary-spanning roles?

Boundary-spanning roles are positions in an organization that require individuals to interact with people both within and outside of the organization. These roles involve bridging the gap between different departments, people, and entities. Examples of boundary-spanning roles include project manager, customer service representative, public relations specialist, business analyst, and sales representative. These roles involve coordinating resources, gathering and disseminating information, and establishing effective working relationships with people both inside and outside of the organization.  Boundary-spanning roles are essential in helping to ensure the success of an organization by providing the link between internal and external stakeholders.

So, The required answer is boundary-spanning roles.

To learn more about boundary-spanning roles:

https://brainly.com/question/29347601

#SPJ4

FILL IN THE BLANK ______can be defined as the extent to which there is alignment between a firm's operational capabilities, its value proposition, and desires of its critical customers.

Answers

A rigorous process of identifying potential sources of data loss or disclosure, contrasting those sources with the value of the data and the available protections.

Identifying as: What does that mean?

(identify as someone/something) To claim membership in a specific group or category; to identify oneself as a member of that group or category. At the age of 15, he first declared himself to be a Christian.

The woman recognised the dog as her missing pet. He recognised the mushroom with accuracy. The criminal suspect was positively identified by the witness. Based on dental data, the corpse was identified.

to identify somebody or something and to state or demonstrate who or what that somebody or thing is: The voice of the mother can be recognised by even the tiniest newborn.

Know more about  disclosure Visit:

https://brainly.com/question/29999059

#SPJ4

an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.

What strategies would you utilize to achieve the sense of benefits for your negotiating partner?

Answers

1. Demonstrate your value: Start by clearly communicating your past successes and the value you have already brought to the company. Show him how you have been able to increase profits, customer satisfaction, and efficiency.

What is an advertisement?

2.Focus on win-win solutions: Since Dr. Smith is a “thinker” personality type, it is important to focus on solutions that are mutually beneficial. Make sure to explain how this promotion would be a win-win situation for both you and Dr. Smith.

3.Be prepared: Research the position and how it will benefit the company. Have a few ideas of how you could help the company grow and make sure to mention those ideas during the negotiation.

4.Be flexible: Be willing to compromise and be flexible in your negotiation. Show Dr. Smith that you are willing to work with him to reach a fair agreement.

5.Show respect: Always treat Dr. Smith with respect. This is essential for a successful negotiation. Show him that you appreciate his time and that you value his opinion.

Read more about advertisement

https://brainly.com/question/3163475

#SPJ1

When businesses employ social networking a part of their culture, employees should take which of the following steps?

Answers

When businesses employ 'social networking' a part of their culture, employees should take the following steps: make consistent contributions, reply to comments, interact with others.

When businesses employ social networking as part of their culture, employees are expected to actively participate and contribute to the company's online presence. To ensure effective and productive use of social media, employees should take the following steps:

Make consistent contributions: Employees should regularly post and share content that aligns with the company's values and goals. This helps to build a consistent and positive online presence for the company.Reply to comments: Interacting with others on social media is a key aspect of building relationships and engaging with customers and stakeholders. Employees should respond to comments and messages in a timely and professional manner.Interact with others: Employees should actively engage with others on social media by commenting, liking, and sharing relevant content. This helps to build relationships and foster a sense of community online.

You can learn more about business culture at

https://brainly.com/question/16049983

#SPJ4

fill in the blank.purchasing___items increases the chances that your money will help provide a decent wage for the people who made them.

Answers

The worth of a currency is determined by the amount of products or services that one unit may be used to purchase. Learn the effects that purchasing power has on investors.

Which two environments make up a company's external environment?

The macro environment and the micro environment are two different categories of the external environment. The elements that directly affect a company's operations make up the micro environment. The elements outside the organisation that affect the business are known as external environmental factors. These frequently consist of the political , legal, technological, economic, social, and environmental issues. There are two different sorts of business environments: internal environment of the company. external environment for business.

To know more about  company's external environmentclick on the link below:

https://brainly.com/question/26589766

#SPJ4

a sole proprietorship: question 3 options: provides limited financial liability for its owner. involves significant legal costs during the formation process. has an unlimited life. has its profits taxed as personal income. can generally raise significant capital from non-owner sources.

Answers

a sole proprietorship: D. has its profits taxed as personal income.

A sole proprietorship is a type of business or organization that is owned, controlled, and run by a single person who also bears all the risks and is the only one to benefit from any gains or losses. A sole proprietorship is a type of business arm of just an individual that is not separate from its owner.

As a result, its expenditures are also not limited, and there is no obligation to register a sole proprietorship. An LLC, on the other hand, is a distinct legal entity. run by its members with liability, and it has imperative for an LLC to get registered.

A business that is owned, run, and controlled by one person is known as a sole proprietorship. While a Sole Proprietor benefits financially and bears all risks and liabilities.

Learn more about sole proprietorship here:

https://brainly.com/question/11718996

#SPJ4

Complete question:

a sole proprietorship is

A. provides limited financial liability for its owner

B. involves significant legal costs during the formation process.

C. has an unlimited life.

D. has its profits taxed as personal income.

E. can generally raise significant capital from non-owner sources.

in 2016, gruman uses the machine for 1,700 hours and produces 40,000 units. in 2017, gruman uses the machine for 1,400 hours and produces 32,000 units. if required, round your final answers to the nearest dollar.

Answers

Depreciation 1. Straight Line Method: Depreciation for 2016  = 36000,Depreciation for 2017  = 36000 2.Sum of the years Depreciation Method: Depreciation for 2016=60,000,Depreciation for 2017  = 48,000.

Depreciation? What do you mean?

The expected decline in value of a fixed asset over the course of a fiscal year is represented by depreciation. Large lump sums are spent on the acquisition of tangible assets like structures, machinery, automobiles, and so on.

1. Straight Line Method

2. Sum of the years depreciation Method.

Solution:

Data Missing:

Machine Price = $198,000

Service Life = 5 years or 10,000 hours

Production = 180,000 units

Residual Value = $18000

Now, the data is complete and can be solved for the above mentioned methods of depreciation.

1. Straight Line Method:

As we know,

Asset Cost = $198,000

Residual Value = $18000

Life in Years = 5

Depreciation:

Formula for Straight Line Depreciation is:

(Asset Cost - Residual Value)/life in years

Plugging in the values:

Depreciation = ($198,000 - $18000)/5

Depreciation = $180,000/5

Depreciation = 36000

It will be same for both the years 2016 and 2017 as well.

2. Sum of the years Depreciation Method:

For this, we need to have the depreciable asset value:

Depreciable Asset Value = (Asset Value - Residual Value)

Depreciable Asset Value = ($198,000 - $18000)

Depreciable Asset Value = $180,000

Sum of the years for 2016

Number of years for 2016 = 5

Sum = 5 + 4 + 3 + 2 + 1 = 15

Number of years for 2017 = 4

So, the formula for depreciation is:

(Number of years for 2016/Sum of Years) x depreciable Asset Value

(5/15) x 180,000 = 60,000

Similarly, for 2017

(Number of years for 2017/Sum of Years) x depreciable Asset Value

(4/15) x 180,000 = 48,000

Hence,

1. Straight Line Method:

Depreciation for 2016  = 36000

Depreciation for 2017  = 36000

2. Sum of the years Depreciation Method:

Depreciation for 2016  = 60,000

Depreciation for 2017  = 48,000

To know more about Depreciation visit:

https://brainly.com/question/30024295

#SPJ4

identify which of the following scenarios is likely to shift the demand for wheat bread to the right. instructions: you may select more than one answer. click the box with a check mark for the correct answers and click twice to empty the box for the wrong answers. you must click to select or deselect each option in order to receive full credit. check all that apply the population of arizona grows by 20%. a drought in kansas makes people believe that the price of wheat bread will increase in a couple of months. people learn that certain bread additives may be bad for their health.unanswered as people become more health conscious, they discover the benefits of whole wheat as a part of their diet.

Answers

People learn the advantages of eating whole grain wheat as their diets grow more health-conscious.

What is whole grain?

In contrast to refined grains, which only maintain the endosperm, a whole grain is any cereal or pseudocereal that contains the endosperm, germ, and bran. Consuming whole grains as part of a generally balanced diet is linked to a lower risk of numerous diseases. One of the healthiest whole grains you can consume is oats. In addition to being rich in fibre, vitamins, and minerals, they are also naturally gluten-free. Oats are also a good source of antioxidants, including avenanthramide. According to the most recent Dietary Guidelines for Americans, published in January 2020, all individuals should consume three to five servings of whole grains, or at least half of their daily grain intake. Even young children require at least 2 to 3 servings.

To learn more about whole grains click,

https://brainly.com/question/1394041

#SPJ4

true/false. juliana, a regional director for a national chain of dental clinics, is comparing the goals of the clinics in her region with their recent sales. she identifies three clinics that are underperforming, and she schedules meetings with those managers to discuss corrective action. juliana is engaged in thecontrolling management function.

Answers

Yes, Juliana is engaged in the controlling management function. Controlling is a management function that involves measuring the performance of an organization and its employees against established goals, and taking corrective action where necessary.

What is management function?

Management is the process of planning, organizing, leading, and controlling resources to achieve organizational goals and objectives. Management functions are the activities which help the managers to manage the organization. These activities include planning, organizing, staffing, leading, and controlling. Planning is the process of setting goals and deciding how to achieve them. Organizing is the process of arranging resources in order to carry out the plan. Staffing is the process of selecting and placing personnel. Leading is the process of influencing and motivating employees to work towards organizational goals. Controlling is the process of monitoring performance, setting standards, and taking corrective action to ensure that the goals are accomplished. These functions are essential for the success of any organization.

In this scenario, Juliana is measuring the performance of the clinics in her region against their established goals, and taking corrective action with the three clinics that are underperforming.

To learn more about management function
https://brainly.com/question/25703249
#SPJ4

a decrease in the price of a rivertown ltd. depths dredger, which is a commercial mining product used for underwater mineral extraction, made in the u.s., but not bought by u.s. consumers

Answers

A reduction in the price of a rivertown ltd. depth dredge, which is a commercial mining product used for underwater mineral extraction, manufactured in the US but not purchased by the US. consumers is probably due to external economic factors.

What factors influence the internal and external economy?

The economy is influenced by a number of factors, the internal economy of a country, is determined by political factors, fiscal policy, and the law of supply and demand. Foreign policy is determined by exchange rates, import taxes and global tariffs.

Therefore, a reduction in the price of an imported or exported product can be caused by a series of factors in the global economy.

Find out more about global economy on:

https://brainly.com/question/1311866

#SPJ1

Other Questions
which has a higher percentage of the diequatorial-substituted conformer compared with the diaxial-substituted conformer: trans-1,4-dichlorocyclohexane or cis-1-tert-butyl-3-chlorocyclohexane? calculate the freezing point of a solution of 40.0 g benzoic acid, c7h6o2, dissolved in 800. g of benzene, c6h6. k f for benzene is 5.10c/m and the freezing point is 5.50c for benzene. a patient is anxious about an operation schheduled for the next day which intervention would the nurse use to decrease the patient a nurse is caring for a child who weighs 8 kg. what is the child's daily maintenance fluid requirement? after the industrial revolution and rapid urbanization, nineteenth century social scientists, such as louis wirth, ferdinand tonnies, and max weber, developed a view of cities that identified them with Virtualized business process: move and transform bits rather than atoms according to the national college health assessment (2019), what are the two most common forms of birth control used by undergraduates today? T/F a growing trend has been for professional sports teams to manage the sports arenas and stadiums in which they are the prime tenant. In the notation, 1s2, the number 1 represents the ________ __________ where electrons are located.ResponsesA outer shellouter shellB energy levelenergy level what happens if you double-click the right side of a column's header? what happens if you double-click the right side of a column's header? all cells in the column are selected. the column is hidden. the column width adjusts to fit the largest entry in that column. all data in the column is centered. What is the importance of the United States Constitution? is preparing to care for a patient who has multiple sclerosis (ms). the nurse learns that the patient receives mitoxantrone. the nurse knows that this patient is in which stage of ms? This type of business organization is relatively easy to start, and it is subject to much lighter regulatory and paperwork burden than other business forms. The biggest disadvantage of the sole proprietorship is_________. page 26 1.4. explain how the population of texas has changed over time what is the underlying cause that led to the founding of the la raza unida party? the nurse is caring for a 30-year-old woman who came to her gynecologist today to receive a gardasil injection, stating that she believes that she may have genital warts. what should the nurse teach this client? ohn budd is the sole stockholder of ral corp., an accrual basis taxpayer engaged in wholesaling operations. ral's retained earnings at january 1, year 9, amounted to $1,000,000. for the year ended december 31, year 9, ral's book income, before federal income tax, was $300,000. included in the computation of this $300,000 were the following: dividends received on 500 shares of stock of a taxable domestic corporation that had 1,000,000 shares of stock outstanding (ral had no portfolio indebtedness) $1,000 what portion of the dividend revenue should be included in ral's year 9 taxable income? maria nagy reported that children in what she termed stage 1 view death as permanent separation or departure final irreversible none of these Which of the following is a common feature of a network operating systems the area of the city represents the___of the cell. just like the city, a living cell has to bring food and nutrients in from outside and move waste products out. by utilizing resource scheduling software, you determine several opportunities for overlapping phases in order to speed up the process. this is an example of