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2 years ago

A goal taking which of these lengths of time to achieve is most likely to be a

Business

2 answers:

Deffense [45]2 years ago

5 0

Answer:

5 years

Explanation:

5 years is long term hope this helps

Ahat [919]2 years ago

3 0

B, because long term Goals usually take a long time

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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of

ivanzaharov [21]

Answer: Investing Activities

Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.

Hope this helps.

7 0

2 years ago

a1. Lobo Company purchased equipment for $40,000 with a useful life of five years and no expected salvage value. Prepare the adj

Pavel [41]

Answer:

a1. Dr Depreciation Expense $8,000

Cr Accumulated Depreciation $8,000

a2. $24,000

b2. December 31

Dr Wages Expenses $440

Cr Wages payable $440

Explanation:

a1. Preparation of the adjusting entry for the first year using the straight-line depreciation method.

Dr Depreciation Expense $8,000

Cr Accumulated Depreciation $8,000

($40,000/5 years)

a2. Computation of the book value at the end of the second year of the equipment's life.

First step is to calculate the First year Book value

First year Book value=$40,000/5 years

First year Book value=$8,000

Second step is to calculate the Second year Book value

Second year Book value=($40,000+$40,000)/5 years

Second year Book value=$80,000/5 years

Second year Book value=$16,000

Now let compute the book value at the end of the second year of the equipment's life.

Book value at the end of the second year=$8,000+$16,000

Book value at the end of the second year=$24,000

Therefore the Book value at the end of the second year will be $24,000

b1. Preparation of the adjusting entry on December 31

December 31

Dr Wages Expenses $440

Cr Wages payable $440

($2,200/5 years)

3 0

3 years ago

Match each inequality or equality to the corresponding term for the monopolistic competitor operating at optimal, short-run prod

klio [65]

Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.

Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.

Price=Average Total Cost Total Revenue is equal to total cost so there

is zero economic profit.

Price>ATC It means that firm is earning short run

economic profit.

Price<ATC It means firm is earning Short Run Economic

Loss

Price> Marginal Revenue It means firm has market power

Price>Marginal Cost Mark up

Learn more about Monopolistic competition, here

brainly.com/question/29617378

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8 0

1 year ago

The standard format rules for a professional letter should be followed. True or false.

Luda [366]

Answer:

True.

Explanation:

To write a professional letter, some standard format rules need to be followed.

It is necessary that the letter is written using a formal vocabulary, with clear and precise information, in the appropriate format, containing date, information about your professional profile, about the company and a final greeting.

To achieve an important objective, such as getting a job, it is important to have good writing skills to write a professional letter, in order to demonstrate through your arguments, your skills and competences, which can contribute to the success of a company.

6 0

3 years ago

Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was

jeyben [28]

Answer:

You get the highest net income in year 2 with Units-of-production method.

Explanation:

Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.

Straight-line 

Depreciation expense 2nd year=$5.000=(Original Value -Residual Value)/Useful life

Units-of-production 

Units of Production Rate=2.5=(Original Value -Residual Value)/estimated productive life

Depreciation expense 2nd year= 7250

 Double-declining-balance. 

Depreciation rate 20,00% 1/useful life *100

Depreciation expense 2nd year= 6720

Download xlsx

6 0

3 years ago