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3 years ago

1. apply what you’ve learned - managing credit cards and consumerloans

Business

1 answer:

krok68 [10]3 years ago

7 0

Answer:

The chips do nothing to protect against online payment card fraud, which depends on account numbers and passwords rather than the physical cards. As one security expert noted, computers and mobile devices don't have card readers attached.Explanation:

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Alliance Products purchased equipment that cost $120,000. It had an estimated useful life of four years and no residual value. T

poizon [28]

Answer:

Alliance should record a loss of $5000.

Explanation:

Depreciation : The depreciation is the amount which is charged every year. It is a decrease value in the asset due to obsolescence, tear and wear value, usage of time, etc.

There are many methods for calculation the depreciation such as straight line method (SLM), Written down value method (WDV) and many more.

In the question, the straight line method is used.

In straight line method, the deprecation is charged with same value over the useful life of asset.

So, the calculation of depreciation is given below:

Since,

The purchase amount of equipment = $120,000

Useful life = 4 years

Salvage value = 0

Sale value at the end of the third year = $25,000 cash.

By using above information, we have to calculate the depreciation for 3 years as in the end of the 3 year, the asset is sold.

Depreciation Formula for SLM method = (Purchase cost- Salvage value) ÷ useful life

= ($120,000 - 0) ÷ 4

= $30,000

So, the amount of depreciation for all year is $30,000

Depreciation for 1 year = $120,000 - $30,000 = $90,000

Depreciation for 2nd year = $90,000 - $30,000 = $60,000

Depreciation for 3rd year = $60,000 - $30,000 - $25,000 = -$5000

In the 3rd year, the alliance have a loss of $5000 after selling asset.

Hence, Alliance should record a loss of $5000.

3 0

3 years ago

Athlon Company acquired 30 percent of the common stock of Opteron Corporation, at underlying book value. For the same year, Opte

MatroZZZ [7]

Answer:

$16,500

Explanation:

The computation of increase in investment is shown below:-

Here, if the investor holds 20% or more but less than 50% shares than the dividend paid and income earned by the investee are reported.

Increase in investment = Shares of net income - Share of dividends

= $55,000 × 30% - $0 (Dividend is not paid)

= $16,500

Therefore for computing the increase in investment under equity method we simply applied the above formula.

8 0

3 years ago

Bledsoe Company received $17,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of reve

Vsevolod [243]

Answer:

Part 2 Which of the following transactions does not involve an accrual?

Recording the pre-payment of two years' worth of insurance. THIS IS AN ASSET EXCHANGE TRANSACTION SINCE IT CREATES AN ASSET ACCOUNT, PREPAID INSURANCE, THAT DECREASES AS TIME PASSES

Part 3 The recognition of an expense may be accompanied by which of the following?

An increase in liabilities. EXPENSES ARE NOT ALWAYS PAID IMMEDIATELY, FOR EXAMPLE UTILITIES, THEY FORM A SHORT TERM LIABILITY UNTIL PAID.

Part 4 The adjusting entry to recognize work completed on unearned revenue involves which of the following?

A decrease in liabilities and an increase in equity. UNEARNED REVENUE IS A LIABILITY ACCOUNT, AND AS THE WORK IS COMPLETED, REVENUE SHOULD INCREASE, THEREFORE EQUITY WILL INCREASE.

Part 5 Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?

Paid advertising expense. IF THE COMPANY PAID ADVERTISING EXPENSES ON ACCOUNT.

Explanation:

7 0

3 years ago

ethan needs to assign his team members the following tasks. one of the team members, gail, is an extrovert. which task is most a

Nastasia [14]

Moderating a team meeting to discuss how well the last development cycle went is the task that should be assigned to Gail. Thus, option D is correct.

<h3>Who is an extrovert?</h3>

An extrovert is a type of personality in which people are usually outgoing and easy to talk also friendly with each other. They do not think about any consequences also they just go for the task which is there.

Moderating our team meeting would require a Gail to coordinate with various staff and departments, which would mean that he has to have experience in talking to different people. So the manager Ethan should assign this task to Gail. Therefore, option D is the correct option.

Learn more about extroverts, here

brainly.com/question/1524586

#SPJ4

The question is incomplete, the complete question will be:

independently analyzing the latest market research report

writing an explanation of a new product for senior management

checking the proofs of sales brochures for accuracy before they are printed

moderating a team meeting to discuss how well the last development cycle went

preparing a list of questions to discuss at the next team meeting

8 0

2 years ago

Cranium, Inc., purchases term papers from an overseas supplier under a continuous review system. The average demand for a popula

kykrilka [37]

Answer:

B) greater than $30 but less than $40

the actual result is $39

Explanation:

the options are missing:

A) less than or equal to $30

B) greater than $30 but less than $40

C) greater than $40 but less than $50

D) greater than $50

we must first calculate safety stock = (Z-score x √lead time x standard deviation of demand) + (Z-score x standard deviation of lead time x average demand)

Z-score for 98% confidence level = 2.326
standard deviation of demand = 30
√lead time = √5 = 2.23607
we are not given any standard deviation of lead time, so we can assume that it is 0

safety stock = (2.326 x √2.23607 x 30) + (2.326 x 0 x 300) = 156.03 ≈ 156 units

the annual holding cost of 156 units = 156 x $0.25 = $39

4 0

3 years ago