Go on the number line and find each number at the bottom and put a dot above each number that your supposed to graph
Answer:
<u>Equipment:</u>
Dr. Cr.
Depreciation Expense $5,520
Accumulated Depreciation $5,520
<u>Land:</u>
Land never depreciates, so there is no adjusting entry for the Land purchased on year end.
Explanation:
Year end is not given in the data so, it is assumed the December 31 is the end of the year
Equipment
Depreciation for the year = ( Purchase price - Residual value ) / useful life
Depreciation for the year = ( $32,000 - $4,400 ) / 5 years
Depreciation for the year = $5,520
Answer:
Samz Off-Road Rage
On an income statement, the following will be found as indicated below:
The Rent, Utilities, Business License, Security System, Cleaning Service, Accounting Service, and Payroll will be found on the expenses side. They are deducted from gross profit to get the net profit or income.
The Supplies and Display Materials will be found on Cost of Goods Sold side. They used to determine the gross profit.
Explanation:
Expenses relate to costs incurred for running a business. Examples are rent and workers' salaries and wages. In order to keep a business open to customers, they must be incurred.
By their nature, they are fixed costs to a large extent. With the matching principle, they must be subtracted from net revenue in order to determine the period's operating profit.
All store supplies and display materials relate directly to the cost of goods sold. They are costs incurred in order to have goods available for sale. They determine the gross profit of an entity.
Answer:
Share price = 29.16
Explanation:
Given:
Dividend paid = $3.50
Required rate of return = 12% = 12/100 = 0.12
Growth rate = 0%
Find:
Share price = ?
Computation:
⇒ Share price = Dividend paid / [Required rate of return - Growth rate
]
⇒
Share price = $3.5/(0.12-0)
⇒ Share price = 29.16
Answer:
Answer to the first part is, Life long learning means actively engaging in learning and understanding from new experiences and scenarios. It is an Ongoing, Voluntary and Self-motivated process.
Answer to the second part is No. Not all successful people have college degrees.
Answer to the third part is discussed below.
Answer to the fourth part is discussed below.
Explanation:
3rd part:
Pros:
- You can get the access to all the required resources
- You can learn from the academics who have mastered their subjects
- There is a precise and clear syllabus and a framework in all the subjects you learn
Cons:
- The knowledge is mostly theoretical and may have significant discrepancies with the practical real-world scenarios
- you get specialized in a one filed of studies and you learn only about that stream
- Remember that old saying "Experience is better than Education?"
- It can be really expensive
<u>Alternatives to Going to college</u>
- Start a small business
- apprenticeships or fellowships
- Volunteer in various social and private endeavors and projects
- Join the military perhaps?
4th Question
It is a good idea to go to college if you have satisfied all the qualifications to enter college and if you have enough money. However, if you can't, then that is completely ok too!
Life is not about spending 4 years studying a specific subjects in a college. Most often, the most successful and the wealthiest people have never set a foot on a university! Learning from Experience, commitment, self motivation and good attitudes are all you need if you truly want to be successful and happy in life!
and the other part, Is college education the only way to continue to learn?
Of course NOT!! back at the early days this statement was true as most of the universal knowledge was centralized within universities and academics. But this is the 21st century and the dawn of the digital era has connected everyone and everything.Knowledge has now become accessible to anyone with a computer and an internet connection! It is no longer centralized inside colleges! All you require is a bit of self-discipline, curiosity and motivation!
