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IrinaK [193]
3 years ago
7

MC Qu. Your home insurance provides for replacement value for personal ... Your home insurance provides for replacement value fo

r personal property losses. A microwave is stolen. It cost $288 two years ago and has an expected life of six years. A comparable microwave costs $400 today. What amount will the insurance company pay?
Business
1 answer:
Murljashka [212]3 years ago
4 0

Answer:

The insurance company will pay $192 which is present value of the asset

Explanation:

Depreciation is defined as the allocation of cost throughout the useful life of an asset. It refers to the rate at which an asset losses value over time.

The original value is used when calculating depreciation. Present market value is not used.

The value of the asset is spread out equally over its useful life.

In this instance

Depreciation per year= Asset value ÷ Years of useful life

Depreciation per year= 288 ÷ 6 = $48

The asset has been used for 2 years

Amount depreciated= 48 * 2= $96

Present value= Original value - Depreciation

Present value= 288 - 96= $192

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Linda believes that employees can view work as being as natural as rest or play, and therefore the average person can learn to a
hram777 [196]

Answer: Theory Y

Explanation:

Douglas McGregor came up with this theory of labor motivation that proposes that people are motivated internally to work hard and so need little push to actually work.

They are like this because they have come to view work as being a natural occurrence just like rest or play. Because it is now natural to them, they are able to learn to accept and even seek responsibility. Managers prefer such workers.

6 0
3 years ago
On October 25, 2019, the company paid $29,400 rent in advance for the six-month period (November 2019 through April 2020). On De
enot [183]

Answer:

Rent expense (Dr,)              $9,800

              Prepaid Rent                             $9,800

Explanation:

The accrual concept of accounting requires us to record the expenses in a period in which they are incurred rather than when cash is paid. When the company paid advance rent of six months at the end of October, it will record a current asset (Unexpired resource) on the face of balance sheet. At the end each accounting period, it is required to expense out the resources (benefits) that are expired (utilized). This can be done through straight-line method. So, on December 31, 2019, the rent expense of two months that is of November and December should be charged to profit and loss statement in-order to record the expense of related period.

<u>Workings</u>

Rent expense per month = 29,400 / 6 = $4,900.

⇒ Rent expense of two months = 4,900 * 2 = $9,800.

This amount should be written off and the required adjusting entry is:

Rent expense (Dr,)              $9,800

            Prepaid Rent                             $9,800

4 0
4 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
vampirchik [111]

Answer: A. Traditional Model

Explanation:

Strategic planning enables a company to properly plan out what their long term goals and visions are which would help them in operations because it would give them a view of what they are working towards.

A key part of strategic planning involves knowing the operating environment so as to be able to plan better. If this is not well know, the company should go with a traditional/ basic model that would enable them to plan with minimal knowledge and experience until they know better.

7 0
3 years ago
What energy-carrier molecules are produced by glycolysis?<br>​
aev [14]

Answer:

hydrogen

Explanation:Remember that glycolysis produces two pyruvic acid molecules per glucose molecule along with two of the hydrogen-carrying NADH molecules. Remember also that the Krebs cycle produces NADH as well as another hydrogen carrier called FADH2.

7 0
4 years ago
Read 2 more answers
The given statements are about monopolistic competition. Indicate whether each statement is true or false. A monopolistically co
Nuetrik [128]

Answer:

1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True

2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True

3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False

4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False

5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True

6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True

7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True

Explanation:

3 0
3 years ago
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