Assignment for Intermediate Financial Accounting One Identify the purpose of financial reporting. Describe the qualitative characteristics of accounting information. Identify the elements of financial statements. The following information is available for Inverness Ltd.'s second year in business: Opening merchandise inventory is Br 35,000. Goods are marked to sell at 35% above cost. 1. 2. 3. 4. ● ● • Merchandise purchased totaled Br 600,000. . Collections from customers are Br 420,000. Ending merchandise inventory is Br 225,000. Opening accounts receivable balance is $0. Ending accounts receivable balance is $85,000.
Answers
Financial reporting is the process of producing and presenting financial information that is useful to stakeholders in making economic decisions.
What is Financial reporting?The purpose of financial reporting is to provide transparency and accountability to stakeholders, enabling them to assess the financial performance and position of an entity and make informed decisions.
The qualitative characteristics of accounting information are the attributes that make it useful for decision-making. The most important characteristics are understandability, relevance, reliability, comparability, and consistency.
The elements of financial statements are the basic components used to prepare financial reports. The main elements are assets, liabilities, equity, revenues, and expenses.
Learn more about financial statement on:
https://brainly.com/question/26240841
#SPJ1
Related Questions
A survey found that 76% of men preferred darker jeans. if 500 men were sureveyed, how many answered that they preferred darker jeans
Answers
Answer: 380 men preferred darker jeans
Explanation:
76% of 500 is 380
Patrice is about to post a message on social media on behalf of her company. What is an important question she should ask herself before posting this message to ensure it is ethically appropriate to share?
Question 2 options:
Will at least 50 percent of the public like the message?
Have I stated the facts accurately?
Did I create a post that will likely go viral?
Will most of our followers repost this message?
Answers
If Patrice is about to post a message on social media on behalf of her company. An important question she should ask herself before posting this message to ensure it is ethically appropriate to share is; B. Have I stated the facts accurately.
What is ethics?Ethics can be defined as the principle that help to us to know the right behavior that we should be adopt and the wrong we should avoid.
This implies that it help to deals with questions about the right behavior we display and the wrong behavior , and as well help to sets standards for behavior that individuals and organizations should strive to follow in order to be considered ethical.
Therefore the correct option is B.
Learn more about ethics here:https://brainly.com/question/13969108
#SPJ1
What is contribution?
Answers
Hope This Helps, Have A Lovely Day!
what are the factors that a business owes or needs to pay called
Answers
Answer:
Liabilities include everything your business owes, presently and in the future. These include loans, legal debts or other obligations that arise in the course of business operations. The loans are often used to finance your operations, or pay for expansions or new equipment.
A newspaper publishing company that owns forests, paper mills, printing plants, radio and television station is said to be
Answers
A newspaper publishing company that owns forests, paper mills, printing plants, and radio, and television stations is said to be Vertically integrated.
What do you mean by printing?Using a master form or template, printing is a procedure for creating text and images in large quantities.
Multiple media, including radio, television, social networking, billboards, newspapers, magazines, books, film, and the Internet, are used to conduct mass communication. Mass communication is employed in the modern period to spread information quickly, frequently regarding politics and other contentious subjects.
Therefore, Vertically integrated is the correct answer.
Learn more about Printing, here;
https://brainly.com/question/14668983
#SPJ1
PLEASE HELP 25 POINTS!!! Which of the following changes can take place in the long run?
A.) Technology
B.) machinery
C.) labor force
Answers
Answer:
In the long run, all of these changes can take place. Technology, machinery, and the labor force can all be adapted and adjusted to meet the needs of the economy. Technology can be improved and updated, new machinery can be introduced, and the labor force can be shifted to focus on different industries.
Answer: All of these can be changed in the long run.
Explanation:
The buffer in a theory of constraints system
Answers
Buffers are used throughout the theory of constraints. These often occur as part of exploits and subordinate of the five focusing steps. Buffers are placed in front of control constraints to avoid running out of constraints, ensuring constraint is never starved.
What is the concept of Theory of Constraints?Theory of Constraints is a method of identifying the main limiting factor (or constraint) that prevents the achievement of a goal and systematically improving that constraint until it is no longer the limiting factor.
What are main steps of Theory of Constraints?There are five main steps of Theory of Constraints: Identify limits. Make use of constraints. Subordinate everything else to the constraint. Increase constraints.
To learn more about Theory of Constraints visit:
https://brainly.com/question/28314863
#SPJ1
2) Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
Answers
The general ledger account balance are shown in an adjusted trial balance following any revisions.
What is Adjusted Trial Balance ?These changes often cover depreciation, prepaid expenses, accruing expenses, and other non-cash costs.
Haile Resort
Adjusted Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Rental Receivable 1,600
Prepaid Insurance 9,000 - 5,250
Supplies 5,200 - 3,900
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200 - 7,600
Salaries and Wages Payable 750
Mortgage Interest Payable 5,333
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400 + 7,600 + 1,600
Salaries and Wages Expense 89,600 + 750
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Insurance Expense 5,250 (Br. 9,000 x 7/12)
Supplies Expense 3,900
Depreciation Expenses:
Buildings 9,600 (Br. 240,000 x 4%)
Equipment 3,200 (Br. 32,000 x 10%)
Mortgage Interest Expense 5,333 (Br. 100,000 x 8% x 8/12)
Totals Br.490,600 Br.490,600
Learn more about balance here:
https://brainly.com/question/2203023
#SPJ1
Hello please help! I need a 3 paragraph response!
How should companies think about the changing racial composition of the population in the United States?
What challenges and opportunities does the change present?
What firm appears to be doing a good job leveraging this greater diversity?
Answers
The racial composition of the population in the United States in the companies are the diversify on the workplace.
It was the opportunity to the business.
There was the critical role in the companies.
What is racial composition?The term racial composition refers to the division of the human species. It was the physical characteristics.
United States in the population of the racial composition on the diversify the workplace on the employees. The opportunity to the business as the squared the new things. A good job leveraging this greater diversity in the critical role of the companies.
As a result, the significance of the racial composition are the aforementioned.
Learn more about on racial composition, here:
https://brainly.com/question/24305545
#SPJ1
Question 8 of 10
In economics,
the term productivity refers to:
Answers
In economics, the term productivity refers to the amount of output produced per unit of input. It is a measure of how efficiently resources are being used to create goods or services.
What do you know about economics?
Economics is the study of how people and societies make decisions about how to use scarce resources to satisfy their wants and needs. It is a social science that studies the production, distribution, and consumption of goods and services. Economists analyze the behavior of individual consumers and businesses, as well as the behavior of the aggregate economy. They use this analysis to develop theories and create models of economic behavior. Economists also study the effects of various economic policies, such as taxation, tariffs, and regulation, on economic performance. Additionally, economists may analyze the impact of international trade and migration on economic activity.
So, the term productivity refers to the amount of output produced per unit of input.
To learn more about Economics:
https://brainly.com/question/17996535
#SPJ1
Professor Yoon has a strong desire to be viewed as a good person by his students. So, he has given an "A" grade to all of the students who took MGMT 3302 last semester although many students have done poorly in the course and did not deserve an "A" grade. This is an example of a(n) __________________ error.
a.halo effect
b.recency
c.leniency
d.central tendency
Answers
The tendency for positive perceptions of a person, business, brand, or product to favourably influence one's view or feelings in other areas is known as the "halo effect" Hence option A is correct .
What is Halo Effect ?"The phenomena whereby judges tend to be influenced by their prior evaluations of performance or personality" is known as the "halo effect." [A cognitive bias known as the "halo effect" may discourage someone from adopting a person, a product, or a brand based on the idea of an erroneous perception of what is good or bad.
Edward Thorndike was the author of the phrase. The halo effect can be explained simply as when someone finds someone appealing in a picture.
Learn more about Halo Effect here
https://brainly.com/question/14739328
#SPJ1
Why are mutual funds considered a high risk form of investment
Answers
Like other investments, mutual funds carry risk, which indicates you might lose money. The value of the majority of mutual funds will change when the worth of their assets rises and declines.
What are high-risk mutual funds referred to as?
Mutual funds invested in heavy debt securities with subpar credit ratings and small- or semi-equity funds are two examples of high-risk mutual funds. There is a lot of room for expansion for medium-sized or tiny businesses.
The level of risk associated with a mutual fund. Assets are chosen by a professional manager to satisfy the risk and return goals of the fund.
Therefore, A heavy investment is one that has a reasonably high chance of suffering a major failure or a significant percentage likelihood of losing money or performing poorly.
Learn more about Mutual funds from the given link.
https://brainly.com/question/19700219
#SPJ1
auto guys initiated a data warehousing project four years ago but it never achieved full usage. after initial support for the project eroded, management revisited their motives for the warehouse and decided to restart the project with a few changes. one reason for the restructuring, according to the project manager, was the complexity of the model initially employed by auto guys. at first, the planner for the data warehouse wanted to use a dimensional model for tabular information. but political pressure forced the system’s early use. consequently, mainframe data was largely replicated and these tables did not work well with the managed query environment tools that were acquired. the number of tables and joins, and subsequent catalogue growth, prevented auto guys from using data as it was intended in a concise and coherent business format. the project manager also indicated that the larger the data warehouse, the greater the need for high level management support – something auto guys lacked on their first attempt at setting up the warehouse. another problem mentioned by the project manager was that the technology auto guys chose for the project was relatively new at the time, so it was not accepted and did not garner the confidence that a project using proven technology would have received. this is a risk inherent in any “cutting edge” technology adoption. the initial abandonment of the project was undoubtedly hastened by both corporate discomfort with this new technology and the lack of top management support. a short time after dropping the project, top management felt pressure to re-establish it. because auto guys initially planned an enterprise-wide warehouse, they had considerable computer capacity. it was put to use on a much smaller project that focused exclusively on a single subject area. other subject areas were due to be added once the initial subject area project was completed. auto guys expects to grow the warehouse to two terabytes within a year or two and eventually expand to their projected enterprise-wide data warehouse. the biggest difference between pre- and post-resurrection will be that the project will evolve incrementally. given his experience with the warehouse, the project manager made the following summary observations: (1) the management of expectations is critical to any sizeable data warehouse project; (2) proven technology, although not essential, does make the project easier to explain and justify; and (3) the construction of a sizeable data warehouse should be treated more like and r&d effort instead of a typical it project because of the time it takes to complete the project, the amount of money involved, and the short-term focus of top management.
Answers
Answer:Auto Guys initiated a data warehousing project but faced challenges due to the complexity of the dimensional model used, political pressure, large number of tables and joins, lack of high-level management support, and the use of new technology. The project was later restarted with a focus on a single subject area and with an expectation to grow to a terabyte in size in a few years. The project manager observed that managing expectations, using proven technology, and treating the project like R&D are key to success in a data warehousing project.
Explanation:
Auto Guys initiated a data warehousing project but faced challenges due to the complexity of the dimensional model used, political pressure, large number of tables and joins, lack of high-level management support, and the use of new technology. The project was later restarted with a focus on a single subject area and with an expectation to grow to a terabyte in size in a few years. The project manager observed that managing expectations, using proven technology, and treating the project like R&D are key to success in a data warehousing project.
Why does the fact that she might not like living in California make someone think renting a home is better than buying one?
A. She cannot immediately come up with the large down payment required to buy a house.
B. She expects mortgage rates to go down in the next year or two. (That has nothing to do with whether she likes
C. She does not want to pay property taxes to support a place she might not like living in.
D. If she decides to move, she will not have to deal with selling her home
Answers
Answer:D. If she decides to move, she will not have to deal with selling her home.
Explanation:The reasoning behind option D is that if the person rents a home, they will not have to go through the process of selling a home if they decide they do not like living in California. Renting a home provides more flexibility and allows them to move without having to worry about the challenges that come with selling a home, such as finding a buyer and negotiating a price. This could be especially important if the person is unsure about whether they will like living in California, and wants to be able to move if needed without having to go through a complicated and time-consuming process.
If she decides to move, she will not have to deal with selling her home the fact that she might not like living in California make someone think renting a home is better than buying one. Thus, option (d) is correct.
What is renting?The term renting refers to pay the rent on the used of the thing, property. The renting are the pay to the landlords. A renting on the time to time pay as the basis on the monetary terms. It was the renting are the cheapest as compare the buying.
According to the case, the fact was the basis on the person rents a home not as the buying the home because it was the cheapest. So, she was decided the not living the California. Renting on the home was the more flexible as well as negotiating a price. She not to the deal her home.
As a result, the significance of the renting a home is better than buying one are the aforementioned. Therefore, option (d) is correct.
Learn more about on renting, here:
https://brainly.com/question/26268428
#SPJ5
You are an outside project management professional who has been hired by Mainstreet to lead its new Wingra Point Live Work development. You are given an approved vendor list and access to the shared drive containing project templates. You are also introduced to the company’s standard processes and procedures and the submission and approval protocols. What type of project inputs do these elements represent? Project collateral Operational Process Assets (OPAs) EEFs Enterprise assets
Answers
These elements represent organizational process assets, which are documents, reports, and plans that are developed within an organization and used to guide project decisions and activities.
What type of project inputs do these elements represent?Generally, Project management is the process of leading a team to achieve specific goals and objectives within a defined timeline and budget. It involves defining project scope, setting goals and milestones, identifying tasks and responsibilities, tracking progress, and making adjustments as needed to ensure successful completion. Key skills in project management include leadership, organization, communication, problem-solving, and time management.
These assets include policies, procedures, guidelines, templates, and historical information that can be used to inform project management decisions and activities.
Read more about project management
https://brainly.com/question/15404120
#SPJ1
Producers would prefer a market characterized by monopoly. Explain the theoretical and Practical reasons for your answer.
Answers
Theoretically, a market characterized by monopoly would allow producers to have more control over prices and to restrict output in order to maintain higher prices. This can lead to higher profits for the monopolist.
Why would producers prefer a market characterized by monopoly?We have several reasons why producers may not prefer a monopoly market structure:
Government intervention: Governments often regulate monopolies to prevent them from abusing their market power and charging excessive prices. This regulation can limit the ability of the monopolist to maximize profits.Lack of competition: In a monopoly market, there is no competition to keep prices in check and to drive innovation. This can lead to inefficiencies and a lack of consumer choice.Decreased consumer surplus: Monopolies often lead to higher prices for consumers, which reduces their purchasing power and their overall welfare.In all , while a monopoly market structure may provide higher profits for producers in the short-term, there are several practical and theoretical reasons why it may not be preferred in the long-term.
Read more about monopoly
brainly.com/question/7217942
#SPJ1
According to the video Appraiser Issues (by Professor Loafman), which of the following is (are) the method(s) that can be utilized to alleviate the recency error (or bias)? Select all that apply. There can be more than one answer.
a.Limit the number of employees that can receive certain performance grades (i.e., utilize the force distribution method).
b.Shorten the evaluation cycle.
c. Use graphic rating scales instead of category scales.
d. Document the evaluation-related incidents as they arise.
Answers
It certainly goes without saying that various professions and businesses require various types of appraisal techniques. Hence option D is correct .
What is Appraiser ?In this article, we'll go through some of the key methods for rating performance on a performance evaluation form. Naturally, these will vary depending on the requirements for each role within the organisation.
Many firms will utilise a combination of industry-specific and job-specific techniques rather than just one technique. Performance can be measured using three different approaches.
The first is the trait technique, in which managers assess a worker's unique characteristics in light of their position, such as their customer-friendly nature.
Learn more about Video Appraiser here
https://brainly.com/question/29801964
#SPJ1
Hello please help! I need a 3 paragraph response!
How has social media impacted the way companies do business locally and globally? What other technological forces do you think will impact the global business landscape in the next five years?
Answers
Social media was the attract the global companies of the attract customers.
Artificial intelligence and the Robotic process automation was the global business landscape in the next five years.
What is Social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
Social media marketing are the best marketing are to attract the consumer on the large level of the audience. They grab the target audience on the few of the minutes. The next five year are the technology to the advanced level are the included the artificial intelligence and the robotic process automation.
As a result, the significance of the Social media are the aforementioned.
Learn more about on Social media, here:
https://brainly.com/question/30326484
#SPJ1
You are the general manager of a regional chemical company. In the course of producing your bulk chemicals, large amounts of particles and smoke are emitted through your plant’s smokestack. The level of pollutants is below current EPA regulations, and you are violating no laws, but neighborhood groups are complaining about minor health problems caused by the smoke. After investigating numerous alternatives, you find the most effective solution would be to install a “scrubber” system, which will remove 90% of the pollutants and ash. Cost: $3 million. Do you install the system?
Answers
If the installation of the scrubber which will remove 90% of the pollutants and ash, costing $3 million, will be profitable for the business, I will surely recommend to install the scrubber.
What is a scrubber system?Scrubber systems (for example, chemical scrubbers and gas scrubbers) are a diverse group of air pollution control devices that can be used to remove certain particulates and/or gases from industrial exhaust streams.
The term "scrubber" has traditionally referred to pollution control devices that use liquid to wash unwanted pollutants from a gas stream. Recently, the term has also been applied to systems that inject a dry reagent or slurry into a dirty exhaust stream in order to "wash out" acid gases. Scrubbers are one of the most important devices for controlling gaseous emissions, particularly acid gases.
Therefore, as the neighborhood groups are complaining about minor health problems caused by the smoke, I will recommend to install the scrubber system.
To learn more about scrubber system, click here:
https://brainly.com/question/1953613
#SPJ1
1. Identify a deduction you will see on your pay stub. *
O Pay Increase
O State Sales Tax
O Exit Tickets purchase
O Federal Income Tax
Answers
Instead of deducting both state and local income taxes, you might choose to deduct state and local general sales taxes. You can choose to utilize your real costs or the optional sales tax tables when calculating the state and local general sales taxes that you want to write off.
On a paycheck, what do deductions mean?The money that an employer must withhold from an employee's paycheck and that they voluntarily choose to withhold. Payroll deductions can be made for taxes, retirement plans, different insurance premiums (medical, dental, and life), or other employee preferences.Instead of deducting both state and local income taxes, you might choose to deduct state and local general sales taxes. You can choose to utilize your real costs or the optional sales tax tables when calculating the state and local general sales taxes that you want to write off.Instead of deducting both state and local income taxes, you might choose to deduct state and local general sales taxes. You can choose to utilize your real costs or the optional sales tax tables when calculating the state and local general sales taxes that you want to write off.To learn more about paycheck refer to:
https://brainly.com/question/29186374
#SPJ1
what impact did the first cba have on the wnba
Answers
Answer:
The Collective Bargaining Agreement (CBA) is a contract between the league and the players' union that outlines the terms and conditions of player salaries, benefits, and working conditions. The first CBA in the WNBA, signed in 1998, had a significant impact on the league as it established a framework for player compensation, benefits, and working conditions. This helped to establish the WNBA as a professional league and set the stage for future growth and success. The CBA also helped to ensure that the league was financially stable and that players were treated fairly and equitably.
Explanation:
What is a tax free savings account that can only be used for educational expenses
Answers
A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
What is the significance of the savings account?Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.
Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
Learn more about the savings account here.
https://brainly.com/question/10777478
#SPJ1
Read the case, The Walt Disney Company and Pixar Inc, and the assigned article, When to Ally and When to Acquire (HBS), and respond to the following question:
Should Disney buy Pixar? Why or why not?
Answers
Disney should buy Pixar.
By purchasing Pixar, Disney had access to a talent pool that included both artistic and technical experts. Disney was going to benefit greatly from this. Disney and Pixar can produce more films in a year thanks to their combined resources and labor, adding value to the company.
Walt Disney now has access to Pixar's technology, which was crucial for them to have. Additionally, it gave Walt Disney access to fresh characters that would support the company's development of new revenue sources. Walt Disney also has a library of well-known cartoon characters that it could lend to Pixar.
Learn more about Disney at https://brainly.com/question/29316269
#SPJ1
How does a racial caste system and mass incarceration affect the eligibility for black and brown American citizen rights, including financial assistance programs?
Answers
Many Americans believed that discrimination in housing, education, employment, and voting rights had been eliminated by the civil rights laws of the 1960s, yet it is currently entirely permissible to do so against anyone who is classified as a "felon."
What is the situation of black and brown American citizen rights?
Today, there are more African Americans in prison or jail, on probation, or on parole than there were when they were slaves in 1850.
Racial discrimination is still as prevalent today as it was during slavery or the post-slavery era of Jim Crow segregation because many more individuals of color than whites are rendered felons by the entire system of mass imprisonment. The thesis of a book that inspired a fresh social movement is as follows: The New Jim Crow: Mass Incarceration in the Age of Colorblindness by Michelle Alexander.
With the adoption of the Civil Rights Act of 1964 and the Voting Rights Act of 1965, the fierce Civil Rights movements of the 1950s and 1960s appeared to put an end to the Jim Crow era. But as the book shows, the racial caste structure still exists; it has just been reorganized. Alexander discusses how the "War on Drugs" targets black men as part of the criminal justice system's new racial control scheme.
To learn more on African-American from the link:
https://brainly.com/question/24840268
#SPJ1
How much money needs to be set aside today to purchase a new piece of equipment in 3 yrs? The money is expected to 9% interest compounded annually and the piece of equipemt is expected to increase by 3% per year. The present cost of the equipment is $75,000.00.
Answers
The amount of money that is needs to be set aside today to purchase a new piece of equipment in 3 yrs is: $75,000.00.
How to find the present value?First, calculate the future value of the equipment:
Future value = $75,000 * (1 + 0.03)^3
Future value = $78,225
Next, calculate the present value using the formula:
PV = FV / (1 + r)^t
Where:
PV is the present value =?
FV is the future value = $78,225
r is the interest rate = 0.09
t is the number of years = 3
Plugging in the values, we get:
PV = $78,225 / (1 + 0.09)^3
PV = $75,000.00
Therefore $75,000.00 needs to be set aside today to purchase the equipment in 3 years.
Learn more about present value here:https://brainly.com/question/20813161
#SPJ1
4. Business owes a duty to society to conduct itself in which of the following ways?
Answers
Business owes a duty to society to conduct itself in the ways following the accepted rules of the "game" of business
What are the most important rules in business?Choosing the right person to associate with is the most important rule in business and life in general. This rule can be difficult to adhere to consistently, and ignoring it is a lesson to be learned over and over again.
Why do we need business rules?The rules of the game in business are laws that regulates the formation and operation of a company. Improve business processes by providing guidance on when to start, stop, or change these processes to apply policies consistently across your organization. Business rules are used for a variety of use cases based on internal or external constraints.
What are the five rules of business?Five golden rules for small business success: Create a realistic business plan. Monitor conflicts. Don't try to do everything yourself. Get professional advice. Address marketing not just accountants.
To learn more about business rules visit:
https://brainly.com/question/28341975
#SPJ1
If someone rate all of the female managers lower than the male managers in leadership effectiveness because the rater believes that men are naturally better leaders than women, this is an example of
a.opportunity bias
b.stereotyping
c.the similar-to-me effect
d.leniency error
Answers
The unsettling reality is that since we did our initial research, the proportion of women in senior leadership positions in organisations has stayed largely stable. Hence option B is correct .
How are women are better leader than Men ?Only 2% of CEOs in the S&P 500 and 4.9% of CEOs in the Fortune 500 are female. Additionally, those figures are falling everywhere.
Of course, there are a variety of reasons that contribute to the lack of women in senior positions. Widespread societal biases and misconceptions against women have existed for generations.
People have long held the belief that many women choose not to go for the highest positions in the organisation and exclude themselves from contention (however recent research questions that).
Learn more about Leadership here
https://brainly.com/question/2514055
#SPJ1
PLEASE HELP, WILL GIVE BRAINLIEST
1. The industrial wood planers currently valued at $58,000 each were purchased two years ago for $65,000 each. The company plans to keep them for six more years. Jasmine uses the straight-line method to determine the depreciation for these machines. Be sure to follow FASB
a. What is the salvage value of each planner, and how is this amount determined? (2 points)
Answers
The salvage value of each planner is $23,000 and this is derived by first calculating the depreciation amount which is then deducted from Original cost of the asset.
How do we calculate our salvage value?The salvage value of each industrial wood planer is the estimated value of the machine at the end of its useful life, after it has been fully depreciated. It is determined by subtracting the accumulated depreciation from the original cost of the asset.
In Jasmine's case, using the straight-line method of depreciation, the annual depreciation for each machine is calculated as follows:
$65,000 - $58,000 = $7,000 (depreciation per year)
The company plans to keep the machines for six more years, so the total amount of accumulated depreciation would be:
$7,000 x 6 = $42,000
Therefore, the estimated salvage value of each industrial wood planer would be:
= $65,000 - $42,000
= $23,000
Read more about salvage value
brainly.com/question/3318178
#SPJ1
Based on my journal, which is all labeled as correct, what do i put on the retained earnings T chart?? The left side has a balance of $493800 on dec 31. the right side has the original balance and then a spot for a december 31 number and then the dec 31 balance?? there's only one transaction on dec 31 so im confused
Answers
In the Retained Earnings T-account, debit Cash Dividends with $43,800 and Stock Dividends with $450,000, according to the journal.
What is the Retained Earnings account?The Retained Earnings account shows the leftover profits of a company after settling direct costs, indirect costs, income taxes, and dividends to the stockholders.
To record the distribution of cash and stock dividends in the general ledger (T-accounts), the Retained Earnings account is debited while the corresponding accounts are credited, respectively.
Thus, from the journal, we can conclude that there were cash dividends of $43,800 and stock dividends of $450,000 for the period, which reduce the Retained Earnings account.
Learn more about the Retained Earnings account at https://brainly.com/question/28402064
#SPJ1
Prebuilt purchased a tractor for $25,800 after a 14% trade discount. How much was the list price?
Answers
The List price is $22,188.
What is List Price?The list price of a product, also referred to as the product's suggested retail price (MSRP), recommended retail price (RRP), or suggested retail price (SRP), is the price at which its maker suggests that a retailer sell the product.
According to the given question, prebuilt paid $25,800 for a tractor after a 14% exchange reduction.
The discount amount is computed as follows:-
Discount Amount = $25,800×14%
=$3216
The list price is calculated as follows:-
List Price = $25,800 - $3216
= $22,188
Therefore, The List price is $22,188.
Learn more about List Price here;
https://brainly.com/question/13043080
#SPJ1