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4 years ago

How does Wikipedia work? What is different about this operation from other encyclopedias?

Business

2 answers:

Eddi Din [679]4 years ago

7 0

It is different because people actually have the option of correcting the information or putting false things too.

valina [46]4 years ago

7 0

Answers:

1) Wikipedia is an educational website that provides users with information about almost every study field. The information posted is uploaded by volunteers and other users can edit it unless it is explicitly forbidden to avoid the change in meaning and vandalism.

2) Wikipedia's work system is different from other online encyclopedias because of the fact that most educational web sites pay highly-educated professionals to upload and review their content to make sure the information they are providing is accurate and reliable.

You might be interested in

Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Poss

andrew-mc [135]

Answer:

Investing Activities refer to cashflow activities that have to do with Fixed assets as well as the ownership of the securities of other companies.

Financing Activities refer to cashflow activities that have to do with how the company sources funds for the company so this includes Equity related activities and long term liabilities.

1. Sale of land. +I

2. Issuance of common stock for cash. +F

3. Purchase of treasury stock. -F

4. Conversion of bonds payable to common stock. N

5. Lease of equipment. N

6. Sale of patent. +I

7. Acquisition of building for cash. -I

8. Issuance of common stock for land. N

9. Collection of note receivable (principal amount). +I

10. Issuance of bonds. +F

11. Issuance of stock dividend. X

12. Payment of property dividend. X

13. Payment of cash dividends. -F

14. Issuance of short-term note payable for cash. +F

15. Issuance of long-term note payable for cash. +F

16. Purchase of marketable securities ("available for sale"). -I

17. Payment of note payable. -F

18. Cash payment for five-year insurance policy. X

19. Sale of equipment. +I

20. Issuance of note payable for equipment. N

21. Acquisition of common stock of another corporation. -I

22. Repayment of long-term debt by issuing common stock. N

23. Payment of semiannual interest on bonds payable. X

24. Retirement of preferred stock. -F

25. Loan to another firm. -I

26. Sale of inventory to customers. X

27. Purchase of marketable securities (cash equivalents). X

6 0

3 years ago

At the end of 2019, Uma Corporation is considering a major long-term project in an effort competitive in its industry. The produ

bonufazy [111]

Answer:

A. $820,036.47

B. No, the firm should not undertake this specific project

C. If the interest rate go higher by 1 percent the risk is that the present cash flow savings limits of the amount of $860,000 set by the management will fall.

Explanation:

a. Calculation to Determine the value of the future cash flow savings expected to be generated by this project.

PRESENT VALUE

2020 = $110,000/(1.07)^1

2020= $102,803.74

2021= $120,000/(1.07)^2

2021=$104,812.65

2022 =$130,000/(1.07)^3

2022=$106,118.72

2023 =$150,000/(1.07)^4

2023=$114,434.28

2024 =$160,000/(1.07)^5

2021=$114,077.79

2025 =$150,000/(1.07)^6

2025=$99,951.33

2026 =$90,000/(1.11)^7

2026=$433,49.26

2027 =$90,000/(1.11)^8

2027=$39,053.38

2028 =$90,000/(1.11)^9

2028=$351,83.23

2029 =$90,000/(1.11)^10

2029=$31,696.60

2030 =$90000/(1.11)^11

2030=$28,555.49

TOTAL VALUE $820,036.47

Therefore the value of the future cash flow savings expected to be generated by this project is $820,036.47 .

b. Based on the criterion that was set by the management, the firm should NOT undertake this specific project reason been that the total amount of the PRESENT VALUE (PV) cash inflow of the amount of $820,036.47 is LESSER than the present cash flow savings of the amount of $860,000 that was set by the management.

c. Based on the information given in a situation were the interest rate go higher by 1 percent the risk is that the present cash flow savings limits of the amount of $860,000 set by the management will fall.

4 0

3 years ago

Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,300 of direct materials, $6,966 of di

storchak [24]

Answer:

Total cost of goods manufactured = $113,645

Explanation:

As for the information provided:

Opening Work in Process = Direct materials + Labor + Overheads

= $2,300 + $6,966 + $10,076 = $19,342

Adding all the cost for the period

Raw material = $39,800 used in production

Direct labor cost = $25,010

Overheads to be applied on predetermined rate = 2,400 $\times$ $19.40 = $46,560

Total cost incurred including beginning work in process = $130,712

Less: Closing Work in process = $17,067

Total cost of goods manufactured = $113,645

4 0

4 years ago

Mississippi River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase e

masya89 [10]

Solution :

Calculating the (NPV) Net Present value for the following matters to check the feasibility of the replacement of an 8 year old riveting machine with the new one :

Let

A = Year (n)

B = Initial outlay

C = Five-year MACRS depreciation percentage

D = Depreciation with MACRS Method (D)

E = Savings in earnings before depreciation

F = Taxable Income (earnings before depreciation - depreciation

G = Income taxes (Taxable Income *40%)

H = $\text{After-Tax Net}$ cash flow $\text{(Taxable income - taxes + depreciation)}$

I = PV of $\text{Net cash flow}$ at the rate $12\%$ = $NCF$ / $(1+WACC\%)^n$

A B C D E F G H I

0 82,500 -82,500 -82,500

1 20% 16500 27000 10500 4200 22800 20357.14

2 32% 26400 27000 600 240 26760 21332.91

3 19% 15675 27000 11325 4530 22470 15993.70

4 12% 9900 27000 17100 6840 20160 12812.04

5 11% 9075 27000 17925 7170 19830 11252.07

6 6% 4950 27000 22050 8820 18180 9210.55

7 0% 0 27000 27000 10800 16200 7328.06

8 0% 0 27000 27000 10800 16200 6542.91

NPV $22,329.39

As the NPV, the project is positive ($22,329.39) and so the company should replace the 8 year old riveting machine with the new one.

4 0

3 years ago

Classify each of the following financial statement items based upon the major balance sheet classifications. select a major bala

seropon [69]

Answer:

Prepaid Advertising - Current Asset

Equipment - Property, Plant, and Equipment

Trademarks - Intangible Assets

Salaries and Wages payable - Current Liabilities

Income Tax payable - Current Liabilities

Retained Earnings - Stockholder's Equity

Account Receivable - Current Assets

Land (Held for future use) - Long term Investment

Patents - Intangible Asset

Bonds Payable - Long term Liability

Common Stock - Stockholder's Equity

Accumulated Depreciation - Property, Plant, and Equipment

Unearned sales revenue - Current Liability

Explanation:

Balance Sheet of a company has different heads under which items are classified according to their nature. The major account heads for classification are Assets, Liabilities and Equity.

Prepaid Advertising and Account receivable are classified as current asset because this is expected to be used within a year.

Equipment is classified as Long term asset under the head, Property, Plant and Equipment. The equipment has estimated useful life more than a year then it is classified as Long term asset.

Trademarks and patents are classified as intangible assets, because they are not physical in nature.

Salaries and Wages payable, Income Tax payable and Unearned sales revenue are classified as Current liabilities. These expenses are due to pay within a year.

Retained Earnings and Common Stock are classified as Stockholders equity. The amount after subtracting all liabilities from total assets is referred to as Stockholder equity.

Accumulated depreciation is deducted from Property, Plant and Assets. This has negative sign and is a contra asset account.

5 0

3 years ago