1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iragen [17]
2 years ago
11

On January 1, 2019, Cullumber Corporation acquired machinery at a cost of $1650000. Cullumber adopted the straight-line method o

f depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. Assuming a 30% tax rate, the cumulative effect of this accounting change on beginning retained earnings, is
Business
1 answer:
Tatiana [17]2 years ago
7 0

Answer:

$0

Explanation:

Since in the given situation there is a depreciation method change i.e. from the straight-line method to double-declining method so there would be no impact restrospectively.

Hence, there would be no cumulative impact as it creates the impact prospectively

So the impact would be zero

You might be interested in
Jose visited a garage sale and found a baseball card collection which he believed was worth over $1,000. he bought the collectio
Effectus [21]

Wanda does not have to refund his money. Wanda never said the collection was worth 1000 dollars or wroth anything.  Jose assumed the value and paid the asking price. Wanda has no legal obligation to refund the money.

4 0
3 years ago
A borrower sued a foreclosure consultant for violating the mortgage foreclosure consultant law. the borrower may receive actual
lesya692 [45]

The borrower may be awarded real losses, legal expenses, and, in extreme situations, the credit may be extended.

<h3>What is foreclosure consultant?</h3>

A person who stops the sale of foreclosure is called as  foreclosure consultant. He, directly or indirectly, makes a solicitation, representation, or offer to an owner to perform for the act of foreclosure.

A borrower filed a lawsuit against a foreclosure consultant for breaking the mortgage foreclosure consultant legislation. The borrower may be awarded actual damages, legal charges, and credit may be extended in exceptional cases.

Therefore, it can be concluded that credit expansion can be done in some of the cases for violating the mortgage.

Learn more about mortgage here:

brainly.com/question/13447700

#SPJ4

6 0
1 year ago
"In the corn market, demand often exceeds supply and supply sometimes exceeds demand." "The price of corn rises and falls in res
alexandr402 [8]

Answer: In the second statement

Explanation: Supply and demand are two market forces which determines the price of a commodity. In simple words, the amount of commodity that the consumers are willing to buy at a given price is called demand and the producer are willing to sell is called supply. The situation in which the two are equal is called equilibrium.

If the demand for a product is higher than its supply then its price will increase and vice versa.

Thus, from the above we can conclude that the second statement is correct.

3 0
3 years ago
A marketing company wants to estimate the proportion of consumers in a certain region of the country who would react favorably t
Sindrei [870]

The closest to the minimum number of consumers needed to obtain the estimate with the desired precision is (b) 271

Explanation:

When the prior estimate of population proportion is not given , then the formula to find the sample size is given by :-

n=0.25(\frac{z^{*} }{E} )^{2}

where E = Margin of error.

z* = Critical z-value.

As per given , we have

E = 5%=0.05

Confidence level = 90%

The critical value of z at 90% is 1.645  (By z-table)

Put all values in the formula , we get

n=0.25(1.645/0.05)²

n=0.25(32.9)²

n=270.6025≈271

Thus, the minimum sample size needed = 271

Hence , the correct answer is 271 .

8 0
3 years ago
Brandon has completed the first draft of his business report and is in the third phase of the writing process, revision. what sh
Dmitry [639]
The phase 3 of a business report is the revision phase.
The revision phase involves revising, proof reading and evaluation.
In this phase, improving the content and sentence structure of the report, correcting the grammer, spelling, punctuation, and format of the report and adding, cutting, and recasting what has been written.

Therefore, the correct answer to the question is äll answer choices are correct".
3 0
3 years ago
Other questions:
  • The company’s CEO repeatedly says that "employees are our most important resource," but many managers treat employees disrespect
    12·1 answer
  • As a PR practitioner, imagine you work for a large corporation that has recently launched a new product that has not lived up to
    11·1 answer
  • What term refers to the productivity benefits companies receive from
    10·2 answers
  • If Hazel decides to sell the best ice cream on earth, and intends to establish a strong ethical climate in her organization, dur
    13·1 answer
  • Executives at Energex Enterprises are trying to determine whether it would be better to own and operate a factory overseas or to
    13·1 answer
  • Over time the average rate of return on stocks is:
    7·1 answer
  • If the market for a product is broadly​ defined, then A. the expenditure on the good is likely to make up a large share of​ one'
    10·2 answers
  • The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2016, the end of the year, and its revenue and
    15·1 answer
  • If you could completely remove something you put online forever, what would it be?
    7·1 answer
  • gemma corporation sells a single product for $40 per unit. last year, the company's sales revenue was $2,950,000 and its net ope
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!