The correct answer would be, Reverse Discrimination.
Recently, businesses have experienced debate over Reverse Discrimination, the practice of discriminating against a dominant or majority group of persons.
Explanation:
When people or group of people who were discriminated against previously, are being favored, then this practice is known as the Reverse Discrimination.
For example, reverse discrimination can be caused in an organization where previously discriminated Muslims are now being preferred and hired by the company.
Similarly the same practice can be seen in the companies where females are now being hired(even though the males are more qualified for the job) who were previously discriminated against men.
Reverse Discrimination is not a fair practice, because it is still a Discrimination.
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Answer:
B. Debit cash $27,500 ; Credit common stock $27,500
Explanation:
The journal entry to record the transaction is;
Cash account Dr $27,500
(2,500 shares × $11)
To Common stock account Cr $27,500
Cash is an asset hence debited because it decreases as it was used to pay for bills while common stock is credited because it increases shareholder's equity.
Answer:
Nowadays, many industries use data analysis to obtain good results and in this way determine what action plan should be implemented.
Explanation:
So is; With the data analysis models, the proposed objectives can be achieved more quickly and reliably, which is why descriptive statistics are very important since they allow us to analyze and evaluate information that we do not see with the naked eye.
Asset S has a greater Straight Line Depreciation.
Explanation:
Straight Line Depreciation amount = (Capitalised Cost - Salvage Value) / Life of the asset
Capitalised Cost = Purchase cost + Installation cost
For Asset L,
- Capitalised Cost = $4,000,000.00 + $750,000.00
- Capitalised Cost = $4,750,000.00
Asset Life = 15 years
Salvage/residual value = $0.00
So,
Straight Line Depreciation of Asset L
- Depreciation Amount = $4,750,000 / 15
- Depreciation Amount = $316,666.67
So, Depreciation Amount for Asset L is $316,666.67
For Asset S,
- Capitalised cost = $2,000,000.00 + $500,000.00
- Capitalised cost = $2,500,000.00
Asset Life = 5 years
Salvage/Residual Value = $400,000.00
So,
Straight Line Depreciation of Asset S
- Depreciation Amount = ($2,500,000 - $400,000) / 5
- Depreciation Amount = $420,000.00
So, Depreciation Amount for Asset S is $420,000.00
So, Asset S has a greater Straight Line Depreciation.
Answer:
$1,333
Explanation:
The computation of the deprecation expense is shown below:
= (Original cost - residual value) ÷ estimated useful life
= ($23,000 - $3,000) ÷ 5 years
= $4,000
This $4,000 depreciation expense come for a year but the asset is purchased on September 1, 2019 and the books are closed on December 31, 2019
So, the four months depreciation expense would be
= Yearly depreciation expense × number of months ÷ (total number of months in a year)
= $4,000 × (4 months ÷ 12 months)
= $1,333.33
The four months is calculated from September 1 to December 31
