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3 years ago

Companies put promotion candidates through gatekeeper tests because _______.

Business

2 answers:

zimovet [89]3 years ago

7 0

They help keep unqualified candidates from getting promotions

Troyanec [42]3 years ago

6 0

The correct answer is c.They help keep unqualified candidates from getting promotions

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Marigold Corp. bought a machine on January 1, 2011 for $806000. The machine had an expected life of 20 years and was expected to

lidiya [134]

Answer: Marigold should record $134,750 as an impairment loss on July 1, 2021

Explanation:

Given that

Cost of the machine= 806,000

Expected life= 20 years

Time between January 1, 2011 and July 1 2021 = 10 1/2years

salvage value $76000.

Fair value= $288, 000

We know that the

Carrying amount /Book Value of machine = Cost of the machine- (Cost of the machine-salvage value)/expected life x time (ie from 2011 and 2021)

Carrying amount of machine =806,000 - [(806,000-76,000)/20 x 10.5 years]

=806,000 -383,250=$422,750

Asset is impaired when the Book value is more than net realizable value,

Here, The Book Value of $422,750 is greater than net realizable value,$395000.

Therefore loss on Impairment= Carrying amount - Fair value

$422,750-$288000

=$134,750

5 0

3 years ago

1. Which design style resembles a half-moon?

masya89 [10]

The correct answer for the question that is being presented above is this one:
(1) B. Crescent
(2) C. Clustering
(3) C. are difficult to carry.
(4) B. terracing
(5) B. Ikebana
(6) A. allow designers the opportunity to work with better flowers.
(7) D. Sequencing
(8) B. grouping.
(9) D. terracing.
(10) C. rocky creek bed.

7 0

3 years ago

Read 2 more answers

You are thinking about buying a new car and will borrow $20,000 for this purchase at a 5 percent fixed rate for exactly one year

natita [175]

Answer:

You will pay back the lender exactly $21,000, which will represent $20,600 of purchasing power.

Explanation:

you will pay back the lender exactly $21,000, which will represent $20,600 of purchasing power.

$20,000 for this purchase at a 5 percent fixed rate

=$20,000*5/100

=$20,000*0.05 = $1,000

=$20,000 + $1,000 = $21,000

Inflation will be 2 percent this year

=$20,000*2/100

=$20,000*0.02 = $400

=$20,000 + ($1,000 - $400)

=$20,000 + $600 = $20,600

3 0

3 years ago

A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of

snow_lady [41]

Answer:

Ending retained earning will be $433750

Explanation:

We have given beginning balance = $430000

Net income = $60000

Dividend paid = $56250

We have to find the ending balance

We know that ending retained earning is given by

Ending retained earning = beginning retained earning + net income - dividend paid

So Ending retained earning = $430000+$60000-$56250 = $433750

6 0

4 years ago

On January 1, 2022, Skysong, Inc. purchased equipment for $44280. The company is depreciating the equipment at the rate of $620

Svetllana [295]

On December 31, 2022, the book value of the equipment comes out to be $36,840 with monthly depreciation of $620.

Option D is the correct answer.

<h3>What is meant by depreciation?</h3>

Depreciation is a method that applies to tangible fixed assets where the fall in the value of an asset has been recorded.

Given values:

The purchase cost of equipment: $44,280

Monthly depreciation: $620

Step-1 Computation of annual depreciation charges:

$\rm\ Annual \rm\ depreciation=\rm\ Monthly \rm\ depreciation \times \rm\ Number \rm\ of \rm\ months \rm\ in \rm\ a \rm\ year\\\rm\ Annual \rm\ depreciation=\$620 \times\ 12\\\rm\ Annual \rm\ depreciation=\$7,440$

Step-2 Computation of book value of the equipment at the year-end:

$\rm\ Equipment's \rm\ Book \rm\ value=\rm\ Purchase \rm\ Cost \rm\ of \rm\ Equipment-\rm\ Annual \rm\ Depreciation \\\rm\ Equipment's \rm\ Book \rm\ value=\$44,280-\$7,440\\\rm\ Equipment's \rm\ Book \rm\ value=\$36,840$

Therefore, when the company purchases equipment at $44,280 with annual depreciation is $7,440, then the equipment's book value comes out to be $36,840 at the year-end.

Learn more about the depreciation in the related link:

brainly.com/question/14682335

#SPJ1

3 0

2 years ago