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LenaWriter [7]
1 year ago
12

These are formed to help develop academic knowledge, technical skills,

Business
1 answer:
Stolb23 [73]1 year ago
8 0

CTSOs (career and technical student organizations) are formed to help develop academic knowledge, technical skills, employability, and leadership skills.

<h3>What are career and technical student organizations?</h3>

This is the term that is used to refer to the vocational organizations that are in existent in the American society that are useful for the students that are in the high school, the university and and other technological career centers.

The goals of the CTSOs is that they would be able to serve the students that are registered in the services so that they are taught certain competencies that they would require as they advance into the careers that they have chosen in the society.

Hence we can say that CTSOs (career and technical student organizations) are formed to help develop academic knowledge, technical skills, employability, and leadership skills.

Read more on CTSOs  here: brainly.com/question/10917703

#SPJ1

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Depreciation A company purchased a machine on January 1 of the current year for $800,000. Calculate the annual depreciation expe
erma4kov [3.2K]

Answer:

Year 1 Depreciation: $288,000;

Year 2 Depreciation: $128,000;

Year 3 Depreciation: $192,000;

Year 4 Depreciation: $192,000;

Year 5 Depreciation: 0.

Accounting for Disposal of Machine:

Dr Cash                                                                $90,000

Dr Accumulated Depreciation - Machine          $800,000

  Cr Machine                                                       $800,000

  Cr Gain on machine disposal                          $90,000

Explanation:

- Depreciation calculation:

Depreciation in Year 1: Depreciation rate x Cost of asset x 2 = (4,500/25,000) x $800,000 x 2 = $288,000;

Depreciation in Y2 = $800K/25,000 x 4,000 = $128,000;

Depreciation in each year of Y3 and Y4: $800K/25,000 x 6,000 = $192,000;

Depreciation in Y5: 0 ( as total depreciation after Y4 is equal to book value which is $800,000);

- Gain calculation:

As the book value of the machine at the time of disposal is 0; gain on disposal is the sales proceed receipt $90,000

4 0
3 years ago
The two basic types of cost accounting systems are a. job order and job accumulation systems. b. job order and process cost syst
-Dominant- [34]

Answer:

The answer is b. job order and process cost systems.

Explanation:

There are two main cost accounting systems; the job order costing and the process costing. Job order costing is a cost accounting system that accumulates manufacturing costs separately for each job whereas Process costing is a cost accounting system that accumulates manufacturing costs separately for each process.

3 0
4 years ago
Exercise 201 This information relates to Crane Co. for the year 2022. Retained earnings, January 1, 2022 $56,000 Advertising exp
aniked [119]

Explanation:

The preparation of the year-end 2022 income statement for Crane Co.is shown below:

                                                         Crane Co.

                                               Income statement  

                                                For the year 2022

Revenue  

Service revenue $63,500

Total revenues $63,500 (A)

Less: Expenses

Advertising expense $1,800

Rent expense $10,000

Utilities expense $2,300

Salaries and wages expense $25,300

Total expenses $39,400 (B)

Net income $24,100 (A- B)

7 0
3 years ago
Herschel uses an app on his smartphone to keep track of his daily calories from meals. one day his calories from breakfast were
Blizzard [7]
<span>Let the number of calories from lunch be called L. As such, breakfast is then L + 128, and dinner is 2L - 400. We can then sum the three meals and equate it to the total caloric intake, the known value of 1932.
   So: 1932 = L + L + 128 + 2L - 400 = 4L - 272.
   Lunch = 551
 Breakfast = 551 + 128 = 679
 Dinner = 2*551 - 400 = 702</span>
3 0
4 years ago
Read 2 more answers
A bank efficiency ratio is the ratio of a bank's expenses to its revenue, expressed as a percentage. If a bank has \$222$222doll
Ann [662]

Answer:

$296 million

Explanation:

Data provided in the question:

Expenses of the bank = $222 million

Efficiency ratio of the bank = 75%

Now,

The Efficiency ratio is given using the formula as:

Efficiency ratio = \frac{\textup{Expenses}}{\textup{Revenue}}

thus,

Revenue = \frac{\textup{Expenses}}{\textup{Efficiency ratio}}

on substituting the respective values, we get

Revenue = \frac{\$\textup{222 million}}{\textup{75}\%}

or

Revenue = \frac{\$\textup{222 million}}{\textup{0.75}}

or

Revenue = $296 million

Hence, the revenue for the bank is $296 million

7 0
4 years ago
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