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3 years ago

All the occupation are equally important how and why .

1 answer:

6 0

It is true that some jobs require more training and experience than others. Also, that some jobs carry more responsibility, pay more, and have greater status.

But that doesn’t mean one job is more important than another.

In an organization, everyone matters and no one should look down upon someone for the work they are doing.

Remember, every job should be valued. And, every person should be treated with dignity and respect.

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On July 1, 2019, Pharoah Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $16,000 salva

Eva8 [605]

Answer:

Pharoah Company

Revised Annual Depreciation on Dec. 31, 2022:

= Depreciable amount divided by 10 years

= $55,000/10 = $5,500

Explanation:

a) Data:

July 1, 2019: Equipment Purchase $80,000

Estimated useful life = 8 years

Salvage value = $16,000

b) Computations:

Depreciable amount = $64,000 ($80,000 - 16,000)

Annual Depreciation Expense = $8,000 ($64,000/8)

Six months Depreciation Expense = $4,000 ($8,000/2)

c) Accumulated Depreciation from July 1, 2019 to Jan. 1, 2022:

July 1, 2019 to Dec. 31, 2019 = $4,000

Jan. 1, 2020 to Dec. 31, 2020 = $8,000

Jan. 1, 2021 to Dec. 31, 2021 = $8,000

Total = $20,000

d) Revision of Estimates:

Jan. 1, 2022, Book Value = Cost minus Accumulated Depreciation ( $80,000 - $20,000) = $60,000

Re-estimated salvage = $5,000

Depreciable amount =$55,000

Remaining useful life = 10 years

Annual Depreciation Expense = $5,500 ($55,000/10)

e) Depreciation is an accounting estimate used as a way of expensing the cost of a fixed asset over its useful life. It is in line with the accrual concept and matching principle of generally accepted accounting principles, which require expenses and revenues to be matched to the related period, expenses and revenues. It is based on the judgement of management and can be revised in line with changing circumstances and judgements. There are many methods for accounting for depreciation, including the straight-line as above, the unit of production method, double declining, sum of the years digit method, and accelerated methods like the MACRS or Modified Accelerated Cost Recovery System for tax accounting.

3 0

3 years ago

Management decisions typically lack structure. are always free of risks. are made under conditions of perfect certainty. are con

____ [38]

Complete Question:

Which of the following is true of managerial decision making?

Group of answer choices.

A. Most managerial decisions lack structure.

B. Managerial decisions are always free of risks.

C. Managerial decisions are taken under conditions of perfect certainty.

D. Managers show consistency in their decisions in response to novel problems.

E. A manager’s decisions have the characteristics of programmed decision

Answer:

A. Management decisions typically lack structure.

Explanation:

The management of an organization or business firm are typically involved in taking up leadership roles and as such are expected to build a strong relationship between their employees by creating a fair ground for effective communication and sharing of resources and information.

A decision-making process can be defined as a cognitive process which typically involves an individual or business selecting the best option, course of action, or belief among several alternatives, so as to meet a particular need or accomplish a goal. Thus, it typically involves the process of gathering informations, accessing and weighing the informations with their alternatives and choosing the best option.

Generally, management decisions are considered to typically lack structure because most problems are novel and as such would require different procedures to follow in proffering solutions. Thus, most management decisions are non-programmed decisions making them to lack structure i.e being unstructured.

6 0

3 years ago

Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with th

kotykmax [81]

Answer:

The correct answer is D. They are less price-sensitive and more profitable.

Explanation:

How do you know if the customers you consider faithful really are? Interpreting your level of satisfaction will allow you to implement best practices, focused on the user experience. Find out what the NPS is and provide a service focused on relationships with your customers.

The power of the NPS survey is not simply in the calculation function, but rather in how it is used. It's no use knowing the indicative value of your market positioning but what steps you take to improve it. The Net Promoter Score is a simple satisfaction assessment mechanism that allows you to discover what your customers think and think about your brand. Next, we explain how to calculate it and go beyond mere value to improve the loyalty generating process.

8 0

3 years ago

Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the

Triss [41]

Answer:

ATTACHED file with the bonds schedule

Explanation:

First, we solve for the proceed from the issuance:

PV of the coupon:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 25,000.000 (500,000 x 10%/2)

time 7 (3 and a half year x 2 payment per year)

rate 0.06 (12% annual / 2)

$25000 \times \frac{1-(1+0.06)^{-7} }{0.06} = PV\\$

PV $139,559.5360

PV of maturity:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 500,000.00

time 7.00

rate 0.06

$\frac{500000}{(1 + 0.06)^{7} } = PV$

PV 332,528.56

PV c $139,559.5360

PV m $332,528.5568

Total $472,088.0928

Then we construct the bonds schedule as follows:

procceds 472,088

face value 500,000

discount on bonds payable -27,912

bond rate 0.05

market rate 0.06

ionterest expense: carrying value times market rate:

472,088 x 0.06 = 28,325.29

cash outlay 25,000

amortization 3,325.29

carrying value after first payment:

472,088 + 3,325.29 = 475,413.29

and the process repeat for all periods.

3 0

3 years ago

Assets that are not expected to provide benefits for a number of accounting periods are called __________.

kiruha [24]

Assets that are not expected to provide benefits for a number of accounting periods are called b. fixed assets

5 0

3 years ago

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All the occupation are equally important how and why . ​

All the occupation are equally important how and why .