Increasing your responsibility will increase your value to the company. T or F

Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inf

KATRIN_1 [288]

Answer:

C) COLA plus 2.4%

Explanation:

COLA stands for cost of living increase. It refers to the amount that Social Security benefits increase according to inflation rate. This way the Social Security payments should not lose purchasing power against rising inflation, because if inflation rises, the COLA will also increase.

In this case, Nancy's union negotiated an agreement by which the union members' salaries would be 2.4% higher than COLA increases, so they will be 2.4% higher than inflation rate.

3 0

2 years ago

To maximize its profit, a producer should set a price (and produce that related output) where:A. marginal cost is just less than

marin [14]

Answer:

The correct answer is A.

Explanation:

To maximize the profit you need to set a price where marginal cost equals marginal income. If marginal income is higher than marginal cost, each additional unit will increase income. If the marginal cost is higher than the marginal income, each additional unit will decrease income. Therefore, to maximize profit Cmg=Img.

3 0

3 years ago

Rayya Co. purchases a machine for $184,800 on January 1, 2019. Straight-line depreciation is taken each year for four years assu

gizmo_the_mogwai [7]

Answer:

Refer explanation

Explanation:

A. Straight-line depreciation is whereby the same amount is depreciated every year throughout the life of the asset. It is calculated as:

(Cost of asset - Salvage Value) / Estimated total number of life years of asset.

The depreciation per year for the machine would be: ($184800 - 0) / 8

= $23,100

Depreciation for partial year’s depreciation as at 01 July 2023 = $23100 / 2 = $11,550

Debit : Depreciation account : $11550

Credit : Accumulated depreciation account : $11550

B. In order to account for sale, it should be identified whether it is a profit on sale or loss on sale. This is calculated by comparing the net book value of the asset at the time of sale, and it’s sale price. If the sale price is higher than the NBV, it is a profit on sale. If the sale price is lower than the NBV, it is a loss on sale. Net book value is calculated as cost of asset - accumulated depreciation.

If the asset was purchased on January 01 2019 and sold on July 01 2023, it was used for 4.5 years. Hence, the accumulated depreciation of the asset is $23100 x 4.5 = $103950.

NBV = $184800 - $103950 = $80,850

(B1) Machine is sold for $92,400

Profit on sale : $92400 - $80850 = $11550

Debit : Cash : $92400

Debit : Accumulated depreciation : $103950

Credit : Profit on sale of asset : $11550

Credit : Machinery Account : $184800

(B2) Machine is sold for $77616

Loss on sale : $77616 - $80850 = $3234

Debit : Cash : $77616

Debit : Loss on sale of asset : $3234

Debit : Accumulated depreciation :$103950

Credit : Machinery Account : $184800

6 0

3 years ago

Beginning investments should be?

Amiraneli [1.4K]

Answer:

Investment Beginner

There are plenty of investments for beginners, including mutual funds and robo-advisors.

…

Here are six investments that are well-suited for beginner investors.

401(k) or employer retirement plan.

A robo-advisor.

Target-date mutual fund.

Index funds.

Exchange-traded funds (ETFs)

Investment app

Explanation:

4 0

3 years ago

A department that is capital-intensive most likely would use a predetermined departmental overhead rate based on which of the fo

JulijaS [17]

Answer:

D)machine hours

Explanation:

It should be noted that department that is capital-intensive most likely would use a predetermined departmental overhead rate based on

machine hours.

A machine-hour can be regarded as measurement that is been used in applying factory overhead to manufactured goods. It's application is usually found in machine-intensive environments, environment whereby the amount of time that is expelled on processing by a machine is been regarded as largest activity that overhead allocations can be said to have based upon. Machine hour rate can be gotten by making division of the total running expenses of a machine by estimated number of hours for the machine to work at a specific period

8 0

3 years ago