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Phoenix [80]
3 years ago
8

Gregory was talking with tom, his assistant manager, saying, "when i make a decision on which employee to pick to do a project,

i use three simple factors, which i call my decision making "rules of thumb." i consider their attitude and knowledge, and how hard they work." gregory's rules of thumb, which he uses in decision making, are known as _____.
Business
1 answer:
ivanzaharov [21]3 years ago
8 0
The answer to the question above is "heuristic" which is the rule of thumb used by Gregory in decision making. The heuristic is a simple rule of individual's mental processes through the development and learning. Gregory considers employees' attitude, knowledge, and hard work for the basis of his decision making. These are the developments and learnings of the employee which are the heuristic aspects<span>.</span>
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Roland Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2016 for $10,0
Anuta_ua [19.1K]

Answer:

Consider the following calculations

Explanation:

Answer:(a) Carrying value of asset: $10,000,000 - $2,500,000 = $7,500,000.

($10,000,000 ÷ 8) x 2 = $2,500,000

Future cash flows $6,300,000

Carrying value $7,500,000

Impairment entry:

Loss on Impairment A/C Dr. $1,900,000

      To Accumulated Depreciation A/C    $ 1,900,000

(7,500,000 - 5,600,000 = 1,900,000)

(b) Depreciation Expense A/C Dr. $ 1,400,000

           To Accumulated Depreciation A/C $ 1,400,000

($5600000/4=$1400000)

(c ) No depreciation is recorded on impaired assets to be disposed of.

Recovery of impairment losses are recorded.

Loss on Impairment A/c Dr. $1,900,000

      To Accumulated Depreciation A/C    $ 1,900,000

12/31/2015 Accumulated Depreciation A/C Dr. $ 300,000

                                          To Recovery of Impairment Loss A/C $ 300,000

5 0
3 years ago
our Grandfather wants to establish a scholarship in his father’s name at a local university and had stipulated that you will adm
inn [45]

Answer:

The correct answer is Option A. you will need to deposit $111,111 so that you can fund the scholarship forever, assuming that the account will earn 4.50% per annum every year.

Explanation:

Perpetuity is the cash flows to be receivable for an unspecified period of time. The present value of a perpetuity is calculated as the cash flows divided by the interest rate provided.  

Given data;

Amount needed to be deposited = $5000

Interest rate = 4.50%

Present Value of Perpetuity = Cash Flows ÷ Interest rate  

= $5000 ÷ 0.045

= $111,111

3 0
3 years ago
Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Proces
lesya692 [45]

Answer:

Material EUP = 5000

Conversion Costs EUP = 51,200

Explanation:

Under weighted average method

Beginning Work in Process Inventory            10,000

Units Started                                                 <u>  = 40,000</u>

Units to account for                                           <u>50,000</u>

<em><u>In the Work In Process for Conversion Costs</u></em>

Beginning Work In Process (10,000*20 %)   = 2000 were complete

Work done on beginning inventory = 10,000- 2,000= 8,000

Units Started                                                   = 40,000

Add Ending Inventory (8000*40%)                 <u> 3200</u>

Units to account for =                                     <u>51,200</u>

5 0
3 years ago
Which of the following is an owner of a fee simple absolute NOT able to do...? Lease the property to another Pledge the property
xxTIMURxx [149]

Answer:

Correct Answer:

4. Build beyond the property line of the land

Explanation:

Fee simple absolute is an estate in land, which is a form of freehold ownership. It is a way that real estate and land may be owned in common-law countries. And, also is the highest possible ownership interest that can be held in real property.

7 0
4 years ago
On January 1, Gucci Brothers Inc. started the year with a $690,000 balance in Retained Earnings and a $597,000 balance in common
Yuri [45]

Answer:

$1,388,200

Explanation:

The total stock holders equity as at the end of the year shall be determined as follows:

                                 Common stock   Retained Earnings      Total

Balance of Jan 1       $597,000           $690,000                $1,287,000

Net income for year                             $96,000                  $96,000

Dividend paid                                       ($14,800)                  ($14,800)

Common stock         $20,000                                               $20,000

Balance at year end  $617,000           $771,200                  $1,388,200

7 0
3 years ago
Read 2 more answers
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