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4 years ago

Revising for Conciseness - Eliminating Flabby Expressions,Limiting Long Lead-Ins, and Dropping Unnecessary Fillers

Business

1 answer:

Mama L [17]4 years ago

5 0

Answer: 2. 2. We have identified a problem with our expense sheet, but we will solve it.

3. 2. The user should contact the help center.

4. 1. In the future, we should be more careful about scheduling.

Explanation:

2. By choosing Option 2, the writing is more concise and but still has all the necessary details unlike the other options that are unnecessarily long.

3. Option 2 does not make assumptions like option 1 did which is wrong. Option 3 would be better but the text did not include the bit about the problem this making Option 2 best.

4. Option 1 is the best option because it is clear and concise and eliminates the long lead-in.

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A moment of truth occurs when employees and ________ have contact. Group of answer choices Skill Customer Product Place

Korvikt [17]

Answer:

Customer.

A moment of truth occurs when employees and the customer have contact.

I hope this helped at all.

5 0

3 years ago

Martinez, Inc. acquired a patent on January 1, 2017 for $41,800 cash. The patent was estimated to have a useful life of 10 years

salantis [7]

Answer:

Martinez, Inc. acquired a patent on January 1, 2017 for $41,800 cash. The patent was estimated to have a useful life of 10 years with no residual value. On December 31, 2018, before any adjustments were recorded for the year, management determined that the remaining useful life was 6 years (with that new estimate being effective as of January 1, 2018). On June 30, 2019, the patent was sold for $26,800. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Required:

a. Prepare the journal entry to record the acquisition of the patent on January 1, 2017.

b. Prepare the journal entry to record the annual amortization for 2017.

c. Compute the amount of amortization that would be recorded in 2018. (Round your final answer to the nearest whole dollar.)

d. Determine the gain (loss) on sale on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)

e. Prepare the journal entry to record the sale of the patent on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)

a) Journal Entry to record acquisition of patent:

January 1, 2017:

Debit Patent Account with $41,800

Credit Cash Account with $41,800

Being acquisition of patent with cash

b. Prepare the journal entry to record the annual amortization for 2017.

Annual amortization = $41,800/10 years = $4,180

Journal entry to record the annual amortization for 2017:

December 31, 2017

Debit Amortization Expenses with $4,180

Credit Accumulated Patent Amortization with $4,180

Being 2017 amortization expense.

c. Compute the amount of amortization that would be recorded in 2018. (Round your final answer to the nearest whole dollar.)

New amortization for 2018 would be ($41,800 - $4,180) /6 years = $6,270

d. Determine the gain (loss) on sale on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)

Loss on sale on June 30, 2019:

Patent Account minus accumulated amortization to date

2019 Amortization up to June 30, 2019 = $6,270/2 = $3,135

Accumulated amortization = 2017 + 2018 + 2019 amortizations

= $(4,180 + 6,270 + 3,135) = $13,585

Patent Book Value = $41,800 -$13,585 = $28,215

Loss on sale = Sales minus book value = $(26,800 - 28,215) = ($1,415)

e. Prepare the journal entry to record the sale of the patent on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)

Journal entries to record the sale of the patent on June 30, 2019:

June 30, 2019:

Debit Cash with $26,800

Debit Loss on Sale with $1,415

Credit Patent Account with $ $28,215

Being cash and loss realized on sale of patent.

Debit Amortization with $3,135

Credit Accumulated Amortization with $3,135

Being amortization expense for 6 months.

Debit Accumulated Amortization with $13,585

Credit Patent Account with $13,585

Being entries to close the accounts.

Explanation:

Amortization is the depreciation term for intangible assets. While tangible assets are depreciated over their useful life, intangible assets are amortized.

The essence is to match revenue over the periods for which the cost was incurred in accordance with GAAP.

Similar treatments are given to amortization like depreciation, including annual expensing, accumulation, and loss and gain on sale or retirement of the intangible.

5 0

3 years ago

In general, do you think that outliers would be more likely to occur in the salaries of heads of companies or in the ages of hea

Setler [38]

Answer:

Outliers are more likely to occur in the ages of head of companies than in the salaries of heads of companies.

Explanation:

An outlier is a data point that differs significantly from other observation, it is refer to as an extreme value, compare to other values.

Outliers are more likely to occur in the ages of head of companies than in their salaries because the ages of heads of companies varies, as that is determine by appointment or by efficiency , so anyone of any age that meet the required criteria can assume the position, one can find a youth of 25 as the head of a company or a man in his late 60s as the head of a company.

As for the salaries, it varies as well, but the difference in salaries when compared can not be very wide apart.

8 0

4 years ago

During its most recent fiscal year, Raphael Enterprises sold 350,000 electric screwdrivers at a price of $19.50 each. Fixed cost

Reil [10]

Answer:

the variable cost is $4,025,000

Explanation:

The computation of the variable cost is as follows:

Given that

Sales units = 350,000 units.

Sale Price = $19.50.

Fixed cost = $1,225,000.

Pre tax income = $1,575,000

Based on the above information

Sale Value is

= 350,000 units × $19.50

= $6,825,000.00

Now

Contribution Margin is

= Sales - Fixed cost

= $6,825,000 - $1,225,000

= $5,600,000

And,

Variable Cost is

= Contribution margin - Pretax income

= $5,600,000 - 1,575,000

= $4,025,000

hence, the variable cost is $4,025,000

3 0

3 years ago

""The money and resources currently being devoted to the War on Terrorism reduces the quantity of other goods that we are able t

guajiro [1.7K]

Answer:

The Concept of Opportunity Cost

Explanation:

An opportunity cost is the cost associated with choosing to enjoy a particular benefit or pursue a particular venture at the expense of enjoying the benefit of its best alternate choice. In other words, when you enjoy the benefits of action A, the opportunity cost is the potential benefit of action B that one had to give up to achieve action A.

According to the question, money and resources devoted to war on terrorism represents the choice of the nation and the benefits maybe that the country is free from terrorist attacks. However, the opportunity cost is that the benefit of freedom from terrorist attacks comes at the expense of goods that could have been produced if the country should choose to pursue production of goods.

4 0

3 years ago