Marian is itemizing deductions on her federal income tax return and had

Management by ______ is a four-step process in which managers and employees jointly set objectives, develop action plans, review

marshall27 [118]

Answer:

Management by objectives is a four-step process in which managers and employees jointly set objectives, develop action plans, review performance, and appraise and reward employees.

Explanation:

Management by objectives (MBO)

A management system in which the objectives of an organization are agreed upon so that management and employees understand a common way forward.

5 0

2 years ago

Suppose a recent income statement for McDonald’s Corporation shows cost of goods sold $4,852.7 million and operating expenses (i

cluponka [151]

Answer:

Cash Payment to Suppliers = $4,715.8 million

Cash payments for operating expenses = $9,309.6 million

Explanation:

Given

Cost of goods = $4,852.7 million

Depreciation expense = $1,201 million

Operating expenses = $10,671.5 million

Increased inventory = $18.1 million

Accrued expenses payable increased = $160.9 million

Accounts Payable (merchandise suppliers) increased = $136.9 million

Calculating cash payment to suppliers.

This is calculated by getting the difference between cost of goods sold and the increment in account payable.

Mathematically,

Cash Payment to Suppliers = Cost of goods sold - Increase in accounts payable

Cash Payment to Suppliers = $4,852.7 million - $136.9 million

Cash Payment to Suppliers = $4,715.8 million ---- Solved

Calculating cash payments for operating expenses

This is calculated by getting the difference between the operating expenses, the depreciation and the increase in accrued expenses payable

Mathematically,

Cash payments for operating expenses = Operating expenses - Depreciation - Increase in accrued expenses payable

Cash payments for operating expenses = $10,671.5 million - $1,201 million - $160.9 million

Cash payments for operating expenses = $9,309.6 million --- Solved

4 0

3 years ago

An application, a course guidebook, and a counselor’s phone number are all a. Expert resources c. Material resources b. Support

nadya68 [22]

Answer:

c.Material Resources

Explanation:

7 0

4 years ago

Mountain View Resorts purchased equipment at the beginning of 2021 for $46,000. Residual value at the end of an estimated four-y

MArishka [77]

Answer:

Straight line depreciation expense = $9,775

Double declining method = $23,000

unit of production method = $6,256

Explanation:

Depreciation expense is used to expense the cost of asset.

Depreciation expense using the straight line depreciation method = (cost of the equipment - Salvage value) / useful life

($46,000 - $6,900) / 4 = $9,775

The depreciation expense in 2021 is $9,775.

Depreciation expense using the double declining method = acceleration factor × net book value

Acceleration factor = 2×(1/useful life)

2(1/4) = 0.5

= 0.5 × $46, 000 = $23,000

Depreciation expense using the double declining method = $23,000

Depreciation expense using the unit of production method =Total use in a given period × [( Cost - Salvage value)/ total productive capacity]

($46,000 - $6,900) /10,000 = $3.91 × 1600 =$6,256

Depreciation expense using the unit of production method = $6,256

I hope my answer helps you.

7 0

4 years ago

Sebastian purchases two pieces of equipment for $100,000. Appraisals of the equipment indicate that the fair market value of the

Schach [20]

Answer:

$100,000

Explanation:

According to the internal revenue service ''In most situations, the basis of an asset is its cost to you. The cost is the amount you pay for it in cash, debt obligations, and other property or services. Cost includes sales tax and other expenses connected with the purchase.''

Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation . In the scenario we have no depreciation figures, hence the basis is the cost of $100,000

8 0

3 years ago