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2 years ago

The primary objective of financial reporting is to provide information:

Business

1 answer:

inna [77]2 years ago

7 0

Answer:

The correct answer is letter "B": That is useful in decision making.

Explanation:

Financial reporting is the activity every business organization engages to analyze the current situation of the company's operations to take decisions. The Financial Statements are the core instruments firms review to find out how is the firm performing and what points could be improved to maximize the revenue.

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Western Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed de

Ne4ueva [31]

Western Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed depreciation percentages- the cash flow from disposal is $46720

Explanation:

Given that the four-year sale is at $50,000.

we know that the book value of the machine must be established in order to determine if a gain or loss has been incurred at disposal.

The depreciation schedule for the $70,000 machine is: given as

Year 1: $70,000 × 0.2000 = $14,000

Year 2: $70,000 × 0.3200 = $22,400

Accumulated Depreciation = $14,000 + $22,400 = $36,400

Book Value of machine = $70,000 - $36,400 = $33,600

Gain on disposal is $50,000 - $33,600 = $16,400

Tax on Gain = Gain on disposal × Tax rate = $16,400 &

times; 0.20 = 20% of $16,400=20/100*16400=3,280

After-Tax Cash Flow at disposal = $50,000 - $3,280 = $46,720

8 0

3 years ago

Turner, a successful executive, is negotiating a compensation plan with his potential employer. The employer has offered to pay

zzz [600]

Answer:

b. If the employer accepts Turner's counteroffer, Turner will recognize as gross income $55,000 per month [($480,000 + $180,000)/12].

Explanation:

Given that

Turner annual salary = $600,000

Counteroffer to received a monthly salary = $40,000 or $480,000 annually

And, $180,000 bonus in 5 years at the age of 65

So the benefit he will be getting would be after accepting the counter offer is

= ($480,000 + $180,000) ÷ 12 months

= $660,000 ÷ 12 months

= $55,000

6 0

2 years ago

What can be a benefit of using interviews to select employees to hire?

AlexFokin [52]

Answer:

B. Accurate prediction of honesty

Explanation:

Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.

6 0

2 years ago

Read 2 more answers

Components inc., a maker of vehicle parts, refuses to sell to diy repair inc., a national vehicle service firm. the maker convin

zloy xaker [14]

Components inc., a maker of vehicle parts, refuses to sell to diy repair inc., a national vehicle service firm. the maker convinces the engine parts company, a competitor, to do the same. this is a group boycott.

Under competition law, a group boycott is a type of secondary boycott, unless two or more competitors in the relevant market agree to deal with an actual or potential competitor of the boycotting firm. Refuse to do business with the company.

Example: The FTC challenged the actions of several groups of competing health care providers, such as physicians, and refused to do business with insurance companies or other purchasers on terms other than those mutually agreed upon. That amounted to a group boycott of the illegal group.

Learn more about group boycott here: brainly.com/question/13894564

#SPJ4

3 0

1 year ago

PLZ HELP BRAINLIEST The interview process ends when you walk out the door of the employer’s office. Please select the best answe

nalin [4]

Answer:

False

Explanation:

The interview process may or may not end depending on the type of interview conducted by the organization.

If it is on-spot offer: On-spot offer, interview the candidates and provide a spot offer and even do verification on the same day.

If it is walk-in: It depends on the process that the organization has planned each time. Mostly there will be multiple rounds, each will be conducted in one day depending on the strength of the candidate.

Job fairs: It is possible only to conduct the initial round. So it does not end in one day.

5 0

3 years ago