Answer:
a) 10%
b) 12.5%
c) 4%
d) 2.5%
e) 20%
f) 25%
g) 5%
Explanation:
10 years depreciation results in a depreciation rate per year = 100% / 10 = 10%
8 years depreciation results in a depreciation rate per year = 100% / 8 = 12.5%
25 years depreciation results in a depreciation rate per year = 100% / 25 = 4%
40 years depreciation results in a depreciation rate per year = 100% / 40 = 2.5%
5 years depreciation results in a depreciation rate per year = 100% / 5 = 20%
4 years depreciation results in a depreciation rate per year = 100% / 4 = 25%
20 years depreciation results in a depreciation rate per year = 100% / 20 = 5%
Answer:
1. Blossom Company Journal entry
April 10
Dr cash$35,175
Cr Sales $33,500
Cr Sales tax $1,675
2. Oriole Company Journal entry
April 15
Dr Cash $25,970
Cr sales $24,500
Cr Sales tax $1,470
Explanation:
1. Blossom Company Journal entry
April 10
Dr cash ($33,500+$1,675) $35,175
Cr Sales $33,500
Cr Sales tax $1,675
2. Oriole Company Journal entry
April 15
Dr Cash $25,970
Cr sales ($25,970/1.06) $24,500
Cr Sales tax $1,470
($25,970-$24,500)
Answer:
Lack of efficiency.
Explanation:
As Trent Automobiles Inc. was expecting a large shipment of scrap metal and due to the fact that it could not arrive on time, the only way to compensate the loss was to make an urgent order for same quantity of scrap metal from a local manufacturer, which led the company to compromise on the quality. If proper track was kept and all the upcoming scenarios had been calculated before hand with a ready substitute raw materials before hand, this would have been not the result. Thus, this indicates a complete lack of efficiency from the side of management of the company.
Answer:
C. Interviews
Explanation:
In an interview, there is personal contact between the interviewer and the person interviewed. In this context, first impressions are very important (this is why people are advice to dress and groom themselves well before going to an interview).
A postive first impression can result in a general positive bias when analyzing the person. This is the halo effect and can become helpful in securing the job.
On the contrary, a negative first impression can result in a negative bias when analyzing the person. Negative qualities are ascribed to the person without much basis. This is tthe Devil's Horns effect and can result in the loss of the job opportunity.
1) First step is to figure out how much your business has made in the time period you are searching for (month, Quarter, Annual)
Add up your sales.
Make sure you subtract any refunds or returns in funds
2) Calculate your expenses for the business. Depending on the type of business you are running depends on your expenses. This includes Payroll, Utilities and Rent
3) Subtract your expenses from your Income
For example. Your business made $10,000 but your expenses is $5,000 that would leave you with $5,000
4) That is your Profit amount
*Keep in mind that a negitive value for profit is called a "net loss"