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vlabodo [156]
3 years ago
12

Mason Company paid its annual property taxes of $240,000 on February 15, 20X9. Mason also anticipates that its annual repairs ex

pense for 20X9 will be $1,200,000. This amount is usually incurred and paid in July and August when operations are shut down so that machinery and equipment can be repaired. What amount should Mason deduct for property taxes and repairs in each quarter for 20X9?
Business
1 answer:
Mnenie [13.5K]3 years ago
6 0

Answer:

$360,000 per quarter

Explanation:

we must allocate both property taxes and annual repairs expenses equally to each quarter:

total payments = property taxes + annual repairs = $240,000 + $1,200,000 = $1,440,000

allocation to each quarter = $1,440,000 / 4 quarters = $360,000 per quarter

Accrual accounting states that expenses must be recorded when they occur and not necessarily when they are associated with a cash outflow. Since both payments involve the whole year, they must be distributed equally in all 4 quarters.

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Compose thoughtful answers to the following "developmental difficulties." Explain how you would use your understanding of one of
abruzzese [7]

Answer:

(a) Here the child is going through a Sensorimotor stage of cognitive development in Piaget's stages. A child basically becomes more familiar to the people whom they see and interact everyday as compared to the people whom they meet once in a while. That's the reason why they are resistant towards these people and act differently as they don't feel secure with them. It will take him time to become comfortable. To gain child's confidence and trust it is important to treat him with care and love. To ease out the situation for the child and to make child interactive to the aunt, I would make sure that child sees his parents communicating and interacting with the aunt so that he is not afraid of her.

(b) Here child as per the Erikson's theory is in the stage of Autonomy vs. Shame. In this stage, the children feel that to get Parents attention they have to behave in a certain manner. In this case, I would try to ignore her activities and would make her engage in some other activities of her interest like toys, games or videos.

(c) Infant daughter is in the first stage of development i.e Sensorimotor stage. In this stage according to Piaget newborns explore the surrounding through their senses. There is nothing to worry about this, as it is completely normal. In this case what I can do is to avoid unwanted mouth to object interaction of the things that are injurious to her and will try to convey her that these things are not good through bad facial expressions. Also, till the time child is in this age, I will try to keep the home clean and safe as much as I could.

(d) According to Erikson's stages of development, this stage is called Industry vs. Inferiority stage. The child becomes comparatively more confident and skilled in baseball than mathematics. That's why he focuses on the activity in which he is more comfortable and capable.

In this case, I would encourage him to improve his skills. It is important at this to become friendly to the child and let him do the activities which he likes, otherwise, he will mental pressure. I will give him personal tutoring of maths and at the same to develop his interest in the subject, baseball can be used as a reward. In the meanwhile of studies, we can have an interesting conversation about baseball as well.

5 0
3 years ago
Suppose that a firm begins to hire workers for a newly completed plant with a fixed amount of machinery. As the firm hires addit
anastassius [24]

Answer: Rise initially, but eventually fall.

Explanation:

The increase in the workers brought would increase the marginal product; there would be increase in production based on the number of persons that were engaged but the marginal cost might eventually fall in the future because of human management and resilience from the workers that were brought

8 0
2 years ago
Cost of merchandise sold reported on the income statement was $155,000. The accounts payable balance increased $8,000, and the i
RideAnS [48]

Answer:

Cash paid 168,000

Explanation:

Assuming that there were no inventory at start of the year

purchases during the year :

Sold                                                     = 155

Closing inventory                              = 21

Total purchase (155+21)                    = 176

Cash paid for merchandise = total purchase - increase in liability

Cash paid = 176-8 = 168

4 0
3 years ago
Why is it important to gather facts from a variety of sources so you can make fair, objective decisions before delivering bad ne
snow_tiger [21]

The situation may be disturbing, but solutions should not usually be based on emotion. Your first interpretation of the situation may not be the only valid view.

Don't try to sugarcoat the truth. It's best to be open and honest about what happened and what you're going to do to make it right. Remember that your attitude and the clarity of your message are two very important factors in this conversation. Be open, clear, and honest.

Bad news can be effectively clarified and explained by communicating it directly. D. Verbal communication of bad news includes instructions for later reference by the recipient of the bad news.

It's important to be open, honest, and empathetic. Provide all the facts you have and give your employees the time they need to digest the news and ask questions. Guarantee that you will do your best.

Learn more about  emotion here brainly.com/question/4692301

#SPJ4

3 0
2 years ago
The beginning inventory of BG Action Figures is understated by $7 million at December 31, 20x8. What is the effect on 20x8 cost
pogonyaev

Answer:

$7million understated

Explanation:

Based on the information given the effect on 20x8 COST OF GOODS SOLD will be UNDERSTATED by $7 million reasons been that since the OPENING INVENTORY IS UNDERSTATED by $7 million which means that the COST OF GOODS SOLD will as well be UNDERSTATED by the same amount based on the fact that opening inventory adds to Cost of goods sold.

8 0
3 years ago
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