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3 years ago

4

Complete the given statement with the most appropriate word. Robin is very _____ because she always ensures she is available if

a teammate needs her assistance.
A. approachable

B. resourceful

C. punctual

I'm giving a lot of points because i can.

1 answer:

yawa3891 [41]3 years ago

3 0

I think your answer should be A. approachable. It makes the most sense to me. Hope this helps! =^-^=

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Aaron purchased footballs from Matthew for $370. Matthew had purchased the footballs from Tom by providing Tom with a bad check.

LenaWriter [7]

Answer:

The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have

Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls

Explanation:

Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.

Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.

Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.

Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.

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4 years ago

Social responsibility is know as ______.

FinnZ [79.3K]

Answer:

B. people and community

Explanation:

Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.

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3 years ago

Total (10 marks) QUESTION TWO Amani Ltd. Manufacturers a single product. Currently, the company has eight employees who produce

rewona [7]

Since the unsigned is 3000 it’s

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2 years ago

Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900.

satela [25.4K]

Answer:

(a) Straight Line Depreciation for 2020 $ 28,800

(b) Activity Method of Depreciation for 2020 $ 5,616

(c) Sum of the years Depreciation for 2021 $ 38,400

(d) Double declining balance depreciation for 2021 $ 39,096

Explanation:

Computation for requirement (a) - Straight Line Depreciation for 2020

Straight line method considers depreciation on adepreciable base after considering a salvage value and spreads it evenly over the life of the asset.

Cost of machine $ 162,900

Estimated Salvage Value <u>$ 18.900</u>

Depreciable Basis $ 144,000

Estimated Life 5 years

Straight Line Depreciation for 2020 = $ 144,000/5 = $ 28,800

Computation for requirement (b) - Activity Method Depreciation for 2020

Activity method depreciation considers depreciation over the estimated usage of the asset and multiplies by the usage in a given period. The depreciable basis is after considering the salvage value.

Depreciable basis - same as SL depreciation $ 144,000

Usage Life of the machine 20,000 hours

Machine usage for 2020 780 hours

Depreciation on a per hour basis $ 144,000/ 20,000 = $ 7.2 per hour

Depreciation for 2020 on a usage of 780 hours = 780 * $7.20 = $ 5,616

Computation for requirement (c) - Sum of the years digits for 2021

In a sum of the years depreciation method, the sum of the life of the assets are added and considered as a depreciable life. The salvage value is considered in determining the depreciable basis.

Depreciable basis - same as SL depreciation $ 144,000

Estimated life of the asset 5 years

Sum of the years, (5+4+3+2+1) 15

so the first year depreciation shall be 5/15, the next year 4/15 and so on,

We need to compute the depreciation for 2021 which is the second year, so the formula shall be:

4/15 (remaining useful life) * $ 144,000(depreciable basis) = $ 38,400

Computation for requirement (d) - Double declining balance for 2021

In a double declining balance method the depreciation rate (%) is double that of a straight line method. The subsequent years depreciation is on a reduced balance. No salvage value is considered

The first year's depreciation is calculated

Cost of Machine* (2 * Straight Line depreciation %)

$ 162,900* (2 * 20 %) so the depreciation for 2020 would be

$ 162,900 * 40 % = $ 65,160.

For 2021, which is the requirement in our question, the cost would be the reduced value.

Original Cost of the machine $ 162,900

Double Declining balance Depreciation 2020 <u>$ 65,160</u>

Declining Cost basis for 2021 depreciation <u>$ 97,740</u>

Depreciation @ 40 % $ 39,096

6 0

4 years ago

The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscrip

Aleks04 [339]

Question Completion:

Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in 000s) Pretax accounting income Taxable income 2018 2019 2020 S340 $320 $310 380 330 350

Required:

1. What is the balance sheet account for which a temporary difference is created by this situation?

2. For each year, indicate the cumulative amount of the temporary difference at year-end. (Enter your answers in thousands.)

3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? (Enter your answers in thousands.)

Answer:

Times-Roman Publishing Company

1. The balance sheet account for which a temporary difference is created by this situation is the Deferred Subscription Revenue.

2. Cumulative amount of the temporary difference at year-end:

December 31, ($ in 000s) 2018 2019 2020

Cumulative Temporary Difference $40 $50 $90

3. The balance in the related deferred tax account for each year:

December 31, ($ in 000s) 2018 2019 2020

Deferred Tax Asset (Liability) $10 $2.5 $10

They are all deferred tax assets.

Explanation:

a) Data and Calculations:

December 31, ($ in 000s) 2018 2019 2020

Pretax accounting income $340 $320 $310

Taxable income 380 330 350

Temporary Difference $40 $10 $40

Cumulative Temporary Difference $40 $50 $90

Deferred Tax Asset (Liability) $10 $2.5 $10

a) A deferred tax asset arises from the overpayment or advance payment of taxes as a result of the temporary differences between the accounting income and the taxable income. On the other hand, a deferred tax liability arises from the underpayment of taxes as a result of the temporary differences between accounting income and taxable income.

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3 years ago