<span>'C', Receiving a "thank you" from somebody after doing something nice is an example of reinforcement. Getting a reward, in this case a thank you, reinforces good behavior. It gives a person to keep doing the good behavior. Punishing in the case of not leaving a tip or not getting employment will punish bad behavior but do not encourage good behavior. An 'A' for not doing the work, does not reward good behavior, it rewards bad behavior.</span>
Question: A building acquired at the beginning of the year at a cost of $145,600 has an estimated residual value of $5,600 and an estimated useful life of 10 years. Determine the following:
(a) The depreciable cost
(b) The straight-line rate
(c) The annual straight-line depreciation
Answer:
(a) The depreciable cost is 140,000
(b) The straight-line rate is 9.62%
(c) The annual straight-line depreciation is $14000
Explanation:
(a) The depreciable cost = cost less residual value(145600 - 5600) = 140000
(b) The straight-line rate = annual depreciation / cost * 100
14000/145600 *100 = 9.62%
(c) The annual straight-line depreciation = depreciable cost / no. of years
140000/10 = 14000
Answer and Explanation:
a. The journal entry to record the closing of drawing account is given below:
Teresa Schafer, Capital $27,600
Teresa Schafer, Drawing $27,600
(Being closing of drawing account is recorded)
b. The ending capital is
= Credit balance of capital - drawings
= $330,000 - $27,600
= $302,400
Answer: Risk management
Explanation:
According to the nist, the process of identifying risk, assessing risk, and taking steps to reduce risk to an acceptable level is referred to as the risk management.
Risk management simply has to do with the identification of risks before they occur. In such scenarios, the business owners can either avoid the risk or minimize the impact of the risk.