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Nadusha1986 [10]
3 years ago
14

Hope College is planning for the next biennium. School administrators know that the enrollment is on the decline, but still need

to offer students the best experience possible. They want to shrink their payroll slowly. They can accomplish this through
Business
1 answer:
Alekssandra [29.7K]3 years ago
7 0

They can accomplish this through early retirement.

<h3><u>Explanation:</u></h3>

Early retirement is a way that we use to stop or discontinue something. Most of the aged person tends to choose early retirement for the purpose of achieving the benefits form the organisation to the most possible level. This decision can be taken when we know that the organisation will be closed in the near future and continuing work will not benefit us.

When we decide for the early retirement the befits that we attain from that will be more than  the benefit that are obtained in continuing work. In the given example, Hope college has a plan for next biennium. But, the enrollments are reduced in number and they want to reduce the payroll slowly. Thus this can be accomplished with the help of early retirement.

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On September 1, Home Store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. Warranty ex
Makovka662 [10]

Answer and Explanation:

The journal entries are shown below:

On Sep 1

Cash $500  

          To Sales revenue $500

(Being the sale is recorded))  

On Sep 1

Cost of goods sold $200

         To Finished goods inventory  $200

(Being the the cost of mower sales is recorded)  

On Sep 1

Warranty expense (8% × $500) $40

         To Warranty liability  $40

(Being the estimated warranty expense is recorded)  

On Jan 24

Warranty liability $35

           To Repair parts inventory  $35

(being the cost of warranty repairs is recorded)  

6 0
3 years ago
One of Haley's best workers wants to work from 7 a.m. to 3 p.m. instead of the regular 9 a.m. to 5 p.m. shift for the next two w
Alchen [17]

Answer:

E. Accommodate

Explanation:

Since the employee's performance will not be affected by this arrengement, it is only for two weeks and the worker's motivation could be affected if Haley opposes to the worker´s demand, the  best thing to do is accomodate (change the shift's schedule for two weeks) to this new schedule in order to make the two demands  (worker and Haley's demand) fit.

3 0
3 years ago
Samson Corporation sold the following during the year: Two delivery trucks purchased in March 2016 for $78,000 are sold in June
Marta_Voda [28]

Answer:

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

Explanation:

As for the provided information we have,

Sale of Trucks within a few months, as purchased in March and sold in June, therefore,

Sale price - Carrying value = $70,000 - $78,000 = -$8,000

Therefore, it is short term capital loss

Sale of land which is 5 years old, therefore, it will be long term.

Sales price - Carrying value = $400,000 - $80,000 = $320,000

Long term capital gain = $320,000

Machines are old and now depreciated, thus it will be long term

Sale price - carrying value = $75,000 - $200,000 = - $125,000 Long term capital loss

Building purchased 8 years ago will be long term in nature, therefore,

Sale price - carrying adjusted basis = $425,000 - $300,000 = $125,000 Long term capital gain.

Final Answer

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

7 0
3 years ago
ABO purchased a truck at the beginning of 2018 for
valentina_108 [34]

Answer:

B. Debit Loss $5,000.

Explanation:

depreciation per year under straigh-line method:

\frac{cost- salvage}{useful \: life}

\frac{140,000 - 20,000}{6}

depreciation per year: 20,000

book value at 2019 year-end:

140,000 - 20,000 x 2 = 100,000

disposal value:                95,000

loss for                               5,000

loss at diposal:                      5,000  debit

cash                                      95,000 debit

accumulated depreciation  40,000 debit

                truck                                       140,000 credit

3 0
3 years ago
A firm that offers tailor-made suits to its customers is appealing to the ____________ dimension of the customers’ utility funct
alexandr1967 [171]

Answer:

Fit dimension

Explanation:

Utility function is the function which is vital that measures the preferences over a set of the services or goods. Utility states the consumer or the customer satisfaction, receiving the consuming and choosing the service or product.

Consumer utility function is the function which states the satisfaction or contentment of the customer. So, if the firm or the company who is offering the tailor made ( which means as per the requirement of the customer), to the customer that appeals the fit dimension of the utility function of the customer as it captures how well the service or the product matches the characteristics of the given customer.

6 0
3 years ago
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