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Daniel [21]
3 years ago
10

On January 1, Year 1, Parker Company purchased an asset costing $20,000. The asset had an expected five-year life and a $2,000 s

alvage value. The company uses the straight-line method. What are the amounts of depreciation expense and accumulated depreciation, respectively, that will be reported in the Year 2 financial statements
Business
1 answer:
SOVA2 [1]3 years ago
3 0

Answer:

3600

7200

Explanation:

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Why are inventories stated at lower-of-cost-or-market?a. To report a loss when there is a decrease in the future utility.b. To k
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Answer: The correct answer is "c. To report a loss when there is a decrease in the future utility below the original cost."

Explanation: When talking about current assets, or more precisely, Merchandise inventory, it is common that sometimes the sale value is less than the original cost of the assets, therefore a negative holding result is produced, that is, a loss.

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2 years ago
On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet inform
maw [93]

Answer:

The $60,000 amount of inventory  will be included in the consolidated balance sheet immediately following the acquisition

Explanation:

According to the accounting principles, the inventory is recorded at the cost or fair market value whichever is lower.

The inventory balance which is given in the balance sheet is $75,000

And, its fair market value is $60,000

So, the inventory would be recorded at 60,000

The other items which are given in the question are irrelevant. Therefore, we don't consider them in the computation part. Thus, we ignored them.

Hence, the $60,000 amount of inventory  will be included in the consolidated balance sheet immediately following the acquisition

4 0
2 years ago
What do you think is meant by the phrase "both alien and non-alien"?
serious [3.7K]
I believe it meant both alien immigrants and non-alien immigrants? Is this the correct context, immigration? Or, does it mean extra-terrestrial life? I would need to see context to know for sure, but I believe it is referencing immigration. 
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Which organization has the highest market dependence? Group of answer choices a chain of rapid-service oil change shops. a manuf
pashok25 [27]

Answer:

The correct answer is letter "D": company that specializes in making replacement tiles for the space shuttle.

Explanation:

Market-dependent industries are those whose production relies on the manufacturing of another institution. This is a threat for the entity since if the other producers fail, the entity is likely to follow the same path. The situation is even worse when the manufacturing company produces rare or uncommon goods.

Therefore, <em>a firm producing replacement tiles for space shuttles is highly market-dependent since a few organizations worldwide require spare parts for space tiles, which is not a common product traded in the market.</em>

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There are nine common influence tactics you can use to affect and change others’ behaviors. Research suggests that some tactics
jasenka [17]

Answer:

1. Lorenzo wants his boss to give him a good performance review, so every single time he sees her, he pays her a compliment about her clothing, appearance, or something else superficial.

Effective influence tactics: Glad-handling

2. Nami agrees with every single thing her boss says in every single meeting.

Effective influence tactics: Be subtle

3. Ryan knows that he can get the raise he wants if he puts pressure on his supervisors. But this doesn’t feel natural to Ryan, so he decides to take an approach that is truer to who he is.

Effective influence tactics: Be authentic

4. Tia knows that introducing a new software platform at her company is going to be a source of stress for her employees who are accustomed to doing things in the old platform. Therefore, Tia elicits feedback from each employee on what they would like to see in a new platform that the current platform doesn’t offer.

Effective influence tactics: Consult rather than legitimate

5. Veronica wants her employees to volunteer at the company’s annual charity fundraiser, so she shows them some corporate footage of the people who have been helped by the fundraiser in the past.

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6. Danielle feels strongly that the best way to get her boss to notice her hard work is to keep producing and doing a great job, rather than to be a kiss-up.

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7. Marques wants to be a great manager and knows this involves learning to influence people effectively. He signs up for a course on power and social influence in business to hone his skills.

Effective influence tactics: Learn to influence

8. Abir is never comfortable getting coworkers to agree with him by reminding them of how good of a friend he’s been to them. But he decides to use this tactic anyway because he knows it’s more effective than some of the other tactics

Effective influence tactics: Be authentic.

9. Eric is skilled at getting people on his side by making understated comments indicating that he shares their opinions on work-related matters.

Effective influence tactics: Be subtle

10. Wasim wants to get everyone in his team on board with his suggestion, so he starts making promises to each team member about how he’ll help them out the next time they have an idea they want the group to embrace.

Effective influence tactics: Rely on the core

11. Chloe doesn’t try new tactics for influencing her peers or supervisors because she knows that if she isn’t good at a tactic now, there’s no way to get better at it.

Effective influence tactics: Learn to influence

12. Shin’s subordinates don’t like participating in team meetings. Shin reminds them that he is their boss, and if they don’t show up, he has the authority to punish them

Effective influence tactics: Consult rather than legitimate

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