Many countries engage in trade protection by imposing import tariffs or quotas for at least some goods. this is because:

Kansas Enterprises purchased equipment for $74,500 on January 1, 2021. The equipment is expected to have a ten-year service life

bonufazy [111]

Answer:

$6,805 and $60,890.

Explanation:

The computation of the depreciation expense for 2022 and the book value at December 31, 2022 is shown below;

Depreciation expense is

= (Cost - salvage value) ÷ useful life

= ($74,500 - $6,450) ÷ 10 years

= $6,805

And, the book value is

= $74,500 - ($6,805 × 2)

= $60,890

5 0

3 years ago

Swifty Corporation financed the purchase of a machine by making payments of $20500 at the end of each of five years. The appropr

NikAS [45]

Answer:

Cost of machine = $73,897.99

Explanation:

The cost of machine to Swifty Corporation the present value pf the ordinary annuity payment of $20,500 per year discounted at the interest rate of 12%.

Note that the annuity is an ordinary annuity because annual payment is made at the end of the year.

Present value of ordinary annuity= annuity factor× annual payment

Present value of ordinary annuity = 20,500× 3.60478= $73,897.99

Cost of machine = $73,897.99

7 0

3 years ago

What is a risk assessment?

natta225 [31]

Answer:

Risk assessment is one of the steps used in a risk management process. The risk R is assessed by measuring the two parameters that determine it, the magnitude of the possible loss or damage L, and the probability p that said loss or damage will occur. According to ISO 31000, the Risk Assessment actually refers to the Risk Assessment.

Risk assessment is probably the most important step in a risk management process, and also the most difficult and most likely to make mistakes. Once the risks have been identified and evaluated, subsequent steps to prevent them from occurring, protect against them or mitigate their consequences are much more programmatic.

Part of the difficulty in risk management is that measuring the two parameters that determine risk is very difficult, which is why it is said to be a subjective process. The uncertainty associated with the measurement of each of the two parameters (L and p) is usually large. Risk management would also be simpler if it were possible to have a single metric that reflects all available information in the measurement. However, this is not possible, since it is about measuring two quantities. A risk with great magnitude of loss or damage and a low probability of occurrence must be treated differently than a risk with a reduced magnitude of loss or damage and a high probability of occurrence. In theory the two indicated risks have an identical priority for their treatment, but in practice it is quite difficult to manage them when faced with limitations in the available resources, especially time to carry out the risk management process.

3 0

3 years ago

2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1, 2019, at $35 per share. 800,00

Pachacha [2.7K]

Answer:

Explanation:

Journal entries

Jan. 1, 2019

Dr Cash (750,000x$35) $26,250,000

Cr Common stock $26,250,000

Jan. 1, 2019

Dr Cash (540,000x$105) $56,700,000

Cr Preferred shares (540,000x$100) $54,000,000

Cr Paid in capital in excess of par-Preferred stock $2,700,000

Dec. 22, 2021

Dr Cash dividend $15,000,000

Cr Dividend payable-Preferred $12,150,000

Cr Dividend payable-Common $2,850,000

Feb. 12, 2022

Dr Dividend payable-Preferred $12,150,000

Dr Dividend payable-Common $2,850,000

Cr Cash $15,000,000

Dividend payable-Preferred = $54,000,000x7.5%x3 years =$12,150,000

Dividend payable-Common = $15,000,000-$12,150,000 =$2,850,000

8 0

3 years ago

Sometimes it is better to leave a task and come back later if you do not feel like doing it at the time

Allushta [10]

Yes i definitely agree

3 0

3 years ago