In a replacement decision, if an old asset sells below its book value Multiple Choice a gain has incurred. a loss has incurred. there is no gain or loss since it is replaced. the net present value is negative.
Answers
In a replacement decision, if an old asset sells below its book value, then a loss has incurred.
When an asset is replaced, investment must be made in the new asset and the old asset must be sold or otherwise disposed of. There is a consequent tax shield that is deducted from the total of the cost of the new asset and the selling profits of the old asset if the sale proceeds are less than the book value of the asset sold.
The for-profit decision analysis approach has a unique use in replacement decisions. When an organization already has a certain asset and is thinking about replacing it with something different, such as choosing between maintaining a legacy software system and completely redesigning it, replacement choices are made. The same decision-making process that was previously described is used for replacement decisions, but sunk cost and salvage value create new problems that impede the decision-making process.
Therefore, option B is the correct answer.
The complete question is, "In a replacement decision, if an old asset sells below its book value, then
A. a gain has incurred.
B. a loss has incurred.
C. there is no gain or loss since it is replaced.
D. the net present value is negative."
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Related Questions
At which point in the accounting cycle should an accountant prepare a trial
balance?
A. Just before preparing financial statements
OB. At any point he or she chooses
OC. At the end of the cycle only
D. At the beginning of the cycle only
Answers
At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.
Why do accountants prepare a trial balance?A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.
The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.
Thus, the ideal selection is option C.
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a few months ago, johnny’s steak house purchased one of its competitors, windermere surf & turf, for $12 million. windermere stockholders received a fair deal for the stock they owned in the company. however, it was disclosed that a member of johnny’s management team mentioned the deal to a person he sat next to on a flight from la to seattle, and that person called five of his relatives and several friends who purchased shares of windermere stock before the acquisition became public. these actions are:_______
Answers
It was disclosed that a member of johnny’s management team mentioned the deal to a person he sat next to on a flight from la to Seattle, and that person called five of his relatives and several friends who purchased shares of Windermere stock before the acquisition became public. these actions are: insider trading
What is insider trading?Insider trading refers to the illegal use of non-public information to buy or sell securities in breach of a fiduciary duty or other relationship of trust and confidence.
In this case, the management team member disclosed material non-public information about the Windermere acquisition, which allowed the individuals he spoke with to trade on that information to their advantage. This conduct may violate securities laws and could result in civil and/or criminal charges against those involved.
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Individuals own the factors of production and make decisions about how to use those factors in
A: a command economy.
B: a communist society.
C: a free enterprise system.
D: an unfree mixed economy.
Answers
Answer:
a free enterprises system
What advice or tips does Lauren Haugen have for people who are learning to manage their finances?
Answers
1. Set Financial Goals: Setting financial goals is essential to better manage your finances. Think about what you would like to accomplish and create short-term and long-term goals.
What is finances?Finances refer to the management, creation and study of money, investments and other financial instruments. Finances involve the process of acquiring necessary funds and exchanging available resources, such as money, investments and assets. Finances are used to purchase goods and services, and to manage risk and uncertainty.
This will give you something to work towards and keep you motivated.
2. Track Your Spending: Tracking your spending is one of the best ways to manage your finances. It will help you identify areas where you are spending too much and create an action plan to reduce unnecessary expenses.
3. Create a Budget: Creating a budget is one of the most important steps in managing your finances. A budget will help you see where your money is going and make adjustments to ensure that you are living within your means.
4. Save for Emergencies: It is important to save for emergencies so that you can be prepared for unexpected expenses. Make sure to set aside a portion of your income each month to create a cushion for unexpected expenses.
5. Invest for the Future: Investing for the future is a great way to ensure that you are making the most of your money. Consider putting a portion of your income into investments that can help you build wealth over time.
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Harrison is single and his son jack is 12 years old. if his agi is $195,000, what amount of child tax credit can harrison claim?
Answers
$2,000 The child tax credit is a nonrefundable credit that allows taxpayers to claim a tax credit of up to $2,000 per qualifying child
What is child tax credit ?A child tax credit is a tax credit provided by many countries to parents with dependent children. The credit is frequently related to a taxpayer's number of dependent children and, in some cases, the taxpayer's income level.
For each qualified child under the age of 17, the Child Tax Credit program can decrease your federal tax liability by $1,000. Changes to the Child Tax Credit will allow many families to receive advance payments beginning in summer 2021. Beginning July 15, 2021, the Internal Revenue Service (IRS) will pay half of the entire credit amount in advance monthly payments. The remaining half will be claimed when you file your 2021 income tax return. These modifications are only effective for the tax year 2021.
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Bellandro Brewery recently became certified as an ISO 14001 company. Which of the following criteria would decision makers evaluate for this award?
Answers
Answer:
environmental improvement plans at the brewery
Explanation:
Which of the following is a false statement?
A. Certain states have no state income tax.
B. Most states have state income tax.
C. Depending on where you live, you may pay no state income taxes.
D. All states have a flat state tax.
Answers
The false statement among the options provided is D. All states have a flat state tax. This statement is incorrect because not all states have a flat state tax.Option D is correct.
In fact, the majority of states in the United States do not have a flat tax system. Instead, they utilize a progressive income tax system where tax rates increase as income levels rise. Under a progressive tax system, individuals with higher incomes are subject to higher tax rates, while those with lower incomes pay lower rates.
Some states also implement different tax brackets, deductions, and exemptions to further differentiate tax liabilities based on income. It is important to note that tax policies and regulations can vary among states, and individuals should consult the specific tax laws of their respective state for accurate information regarding state income taxes.Option D is correct.
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george and ringo met at law school and decide to start a small law practice after graduation. they agree to split revenues and expenses evenly. the most common form of business organization for a business such as this would be a
Answers
George and Ringo met at law school and choose to begin a little regulation practice after graduation. they consent to equitably divide incomes and costs. the most well-known type of business association for a business like this would be a partnership. option (A) is correct.
A partnership is a type of business where at least two individuals share possession, as well as the obligation regarding dealing with the organization and the pay or misfortunes the business creates.
The understanding turns into the premise of the connection between the accomplices. It isn't required that such an arrangement is written down. An oral understanding is similarly legitimate.
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This question is not complete , Here I am attaching the complete question:
George and ringo met at law school and decide to start a small law practice after graduation. they agree to split revenues and expenses evenly. the most common form of business organization for a business such as this would be a ________
(A) partnership.
(B) HUF
(C) economic entity
(D) Limited liability partnerships
c. Why do we need education and training? Write reasons
Answers
Answer:
Education
1. So people can learn from their mistakes
2. So you can get a good job
3. So you know what is the history of well, you.
4. So you learn to grow and change.
5. So your mentor can get the money
6. So you learn hard work pays off.
7. You can learn how to fight against injustices
Training
1. So you can learn from your mistakes
2. Help your community
3. So you can help bring justice and peace to your country
4. So you have a sense of action
5. So you don't become lazy
6. So you learn hard work pays off.
7. You will get a lot of respect
Explanation:
knowledge is power without proper knowledge your potential is lower the same goes for the training we train in a specific profession if were lacking skill we train to gain experience and to be proficient in that specific skills. We live in the generation which knowledge is important and it is essential that we must have in order to be able to cope in our everyday lifestyle. There are two types of education the first we learn it in the school the second is we obtain it outside of the school. Without knowledge we don't know a thing and without the training were lacking in experience.
suppose that a tax of $6 is imposed on this market, what is the tax-incidence? a. 1/3 b. 2/3 c. 1/2 d. 3/4
Answers
The tax incidence refers to the way in which the burden of a tax is shared between buyers and sellers in a market. option a is correct.
In this case, if a tax of $6 is imposed on the market, it is likely that both buyers and sellers will bear some of the burden. The actual incidence of the tax will depend on the elasticity of supply and demand in the market. If demand is relatively inelastic, then buyers may bear a larger share of the burden. Conversely, if supply is relatively inelastic, then sellers may bear a larger share of the burden. Without additional information about the elasticity of supply and demand in this particular market, it is difficult to determine the exact tax incidence. Therefore, the answer to this question cannot be determined based on the information provided.
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what is the position of home equity line of credit (heloc) in relation to the original lien?
Answers
The position of a home equity line of credit (HELOC) in relation to the original lien depends on when it was established. If the HELOC was established after the original lien, then it would be in a subordinate position. This means that in the event of a foreclosure, the original lien would be paid off first before any funds are used to pay off the HELOC. However, if the HELOC was established before the original lien, then it would be in a superior position. This means that the HELOC would be paid off first in the event of a foreclosure, and any remaining funds would be used to pay off the original lien.
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Is ExxonMobile a product or service company
Answers
Below is a list of goods and services you purchased in the last month. Which of the follow would not be added to the year's GDP? a) purchasing a new textbook for class b) paying for gym membership c) buying a used computer d) buying new tires for your car
Answers
The purchase of a used computer would not be added to the
year's GDP.
GDP (Gross Domestic Product) is a measure of the value of all goods and services produced within a country during a specific time period (usually a year). It includes only the market value of final goods and services produced and sold within the country's borders.
In the given list of purchases, items (a), (b), and (d) are all examples of final goods or services that are produced and sold in the market, and therefore would be included in the calculation of GDP.
However, the purchase of a used computer is not a new good or service produced and sold within the year, but rather a transfer of ownership of an existing good. As such, it is not included in the calculation of GDP.
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Colby works as a shipping clerk for a major package delivery service. Some of his daily tasks include tracking shipments and entering orders. Which aspect of the Information Technology cluster would he most likely be trained in?
networking
databases
hardware
software
Answers
Answer:
Databases
Explanation:
Just took the test!
Databases aspect of the Information Technology cluster would he most likely be trained in. Thus option B is correct.
What is a Technology?Technology, or as it is occasionally referred to, the modification and management of the environment, is the application of knowledge of science to the practical goals of human life. Much as diminishing scarcity is understood to be mankind's primary goal.
In keeping this process where the keeping of database of the document and labeling of the shipment is necessary there for the call be tracked in the database a set of the technology.
This would help them to maintain particular software where the shifting of containers or the packages that have been present will be present and will be accounted for. Therefore, option B is the correct option.
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Are purchase discounts always a debit?
Answers
Answer:
Yes
Explanation:
because it is and of course its is ask googel
Economics!!
Which development would most likely reduce the standard of living in the
United States?
A. Wages increase for most American workers.
B. The U.S. government returns to the gold standard.
C. It becomes easier for U.S. citizens to get health care.
D. U.S. factories begin to
produce far fewer goods.
Answers
It's D. U.S. factories begin to
produce far fewer goods.
according to the short-run phillips curve, a contractionary fiscal policy will result in a a decrease in inflation and an increase in unemployment b an increase in both wage rates and unemployment c a decrease in both wage rates and unemployment d a decrease in both unemployment and prices e an increase in unemployment due to crowding out
Answers
A contractionary fiscal policy, such as a decrease in government spending or an increase in taxes, will decrease aggregate demand in the short run.
This decrease in aggregate demand will lead to lower output and prices, which in turn leads to lower inflation. However, the decrease in output and demand will also lead to an increase in unemployment as firms reduce their production and employment levels. Therefore, option A is the correct answer.
The short-run Phillips curve illustrates an inverse relationship between inflation and unemployment. When there is a contractionary fiscal policy, which includes decreasing government spending and/or increasing taxes, aggregate demand in the economy is reduced. This leads to a decrease in economic activity, resulting in lower inflation due to decreased demand for goods and services. At the same time, businesses may respond to the reduced demand by laying off workers, leading to an increase in unemployment.
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The term “By Returns” and a corresponding credit of $80 on a statement of account mean that a sum of $80 was:
a) Paid to the seller
b) Paid to the buyer
c) Added to the amount owing
d) Deducted from the amount owing
Answers
Answer:
d) Deducted from the amount owing
Explanation:
Returns refer to the goods previously sold to a customer, but the buyer has since rejected them and returned them to the seller. A buyer may reject goods due to various reasons, such as the goods being defective.
When a buyer rejects and returns goods, they are not expected to pay for them. The seller issues a credit note worth the goods returned. That amount is deducted from the invoice issued to the buyer.
two random variables X and Y are independently distributed if all of the following conditions hold, with the exception of
a E(Y) = E[E(Y|X)]
b if the conditional distribution of Y given Xequals the marginal distribution of Y.
c knowing the value of one of the variables provides no information about the other.
d Pr (Y = y|X = x) = Pr (Y = y).
Answers
When we say that two random variables X and Y are independently distributed. In other words, knowing the value of one variable provides no information about the other. Option C
There are four conditions that must hold for two variables to be considered independent, with the exception of one of them. The first condition states that the expected value of Y should be equal to the expected value of the conditional expectation of Y given X (E(Y) = E[E(Y|X)]). This condition means that the average value of Y should be the same, regardless of whether or not we know the value of X.
The second condition states that if we know the value of X, the distribution of Y should be the same as its marginal distribution (the distribution of Y without considering the value of X). This means that the distribution of Y does not depend on the value of X.
The third condition states that knowing the value of one variable provides no information about the other. This is the key condition for independence.
The fourth condition states that the probability of Y taking a certain value y given that X has a certain value x (Pr(Y=y|X=x)) is the same as the probability of Y taking that value y (Pr(Y=y)). This condition means that the value of X does not affect the probability of Y taking a certain value.
In summary, two random variables X and Y are independently distributed if knowing the value of one variable provides no information about the other. This is the key condition for independence, and the other conditions support it. Option C is correct.
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You have been asked to lead a group of your coworkers in developing a new process for handling performance reviews at your office. Unfortunately, during your first meeting, you realize that everyone in the group is agreeing with each other - there is no debate happening, and no one is presenting different ideas. What can you do to solve this problem? Assign one person in the group to be a devil's advocate. Do a postmortem review of all group decisions. Use evidence-based decision making as a group discussion technique.
Answers
One can assign a devil's advocate, conduct a postmortem assessment of decisions, and use evidence-based decision making as a group discussion strategy to address the issue of lack of debate and various perspectives in a group building a new process.
What criteria do you use to make business decisions?It is a series of actions performed by managers in an organisation to decide the intended course for business objectives and to initiate particular actions. The best basis for business decisions is an examination of impartial facts.
What are the three fundamental choices?What to produce, how to generate it, and who will consume it are the three fundamental choices that every economy must make.
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A project manager joins a project that has the following features: -Globally distributed team -Budget that is fixed -Very tight deadlines During planning, what should the project manager do to avoid any scope creep and keep the team focused on delivering a product that meets requirements?
Answers
In order to prevent scope creep & keep the group concentrated on producing a product that satisfies criteria, the project manager, Organize a bidders' meeting with the service suppliers.
What you mean by a project?An project is just a set of tasks that must be finished in order to accomplish a specific goal. A project may alternatively been defined as a collection of outcomes and inputs necessary to accomplish a specific objective. Projects can be handled for one person or one thousand, they can be simple or complex.
What means project work?Work that is focused upon accomplishing a job is called project work. Project work typically requires a lot of resources, involving time, people, and materials, and it allows students to practice a variety of abilities and linguistic structures.
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Which of the following is not an example of professional behavior
?
Answers
Please help
starbright industries which manufactures radiators has recently begun doing business in japan. its executives make a deal to export a shipment of a new type of radiator to japan once the product exits the production stage. the shipment will be worth one billion yen or approximately $9.4 million us dollars.
how does this situation show the difficulty that may be posed by implementing an international set of standards?
Answers
The situation shows why it is difficult to implement an international set of standards because different countries might have different standards they adhere to.
Why is it hard to implement an international set of standards?Countries have differing sets of standards based on the prevailing situations in their nations. When they produce goods and services, they will go by those standards. Those standards can sometimes also give them an advantage over other nations which is probably why Starbright Industries is able to sell radiators in Japan.
If an international set of standards is proposed, some nations might kick against it because they want to maintain their competitive edge. Other nations might not be able to afford to meet the new standards and so will protest as well.
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Individuals who fail to complete high school are at an increased risk for
1. Unemployment
2. Underemployment
3. Imprisonment
4. All of the above
Answers
Answer:
unemployment!
orange, an online-gaming site, has millions of users. the site has many games which pit users against each other. the relative standing of each user is presented in the form of an elaborate ranking system for each game. users pride themselves on gaining the highest points and the highest rank possible. this rise in user participation has increased the value of orange significantly. this is an example of . guerilla marketing network effects monopolistic competition internal marketing
Answers
This is an example of network effects. Orange, an online-gaming site, has become valuable due to its large user base, and the ranking system adds to the network effect by encouraging users to compete against each other to improve their standing.
As more users join and compete, the value of the site increases further, creating a positive feedback loop. Network effects refer to the phenomenon where a product or service becomes more valuable as more people use it. This can be seen in Orange's online-gaming site, where the ranking system encourages users to compete with each other, and the large user base makes the competition more exciting. As more users join and compete, the value of the site increases, attracting even more users, and creating a positive feedback loop. Therefore, this is an excellent example of how network effects can drive the growth of a product or service.
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list your personal interest
Answers
Answer:
my interest is to reach conqueror in pubg mobile
who is the richest person in america and what is their net worth?
Answers
50 points each
“When you drink alcohol you are just borrowing happiness from tomorrow.”
“Your stomach thinks all potato is mashed.” ...
“I wonder what my dog named me?
”We eat pizza from the inside out. ...
If you live to be 70 years old you will spend TEN YEARS of your life on Monday. ...
Sometime in the future, someone will say your name for the last time. ...
Deaf people probably don't understand why farts are funny. ...
The word ambiguous only has one meaning.These are not my memories. ...
No one knows how anyone feels. ...
You are neither the first nor the last. ...
You are someone's ancestor. ...
Today the Earth is more beautiful than it will be tomorrow. ...
You only know you were happy when you no longer are. ...
If we're alone it's frightening. ...
Every thing could be the last thing.
join my pad let no space in between pad let
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Answers
Answer:
that x-ray has arthritis
Answer:
Hey mate.....
Explanation:
Facts were very true......can't join pad let now....
Thx for points...!!!!!Lol
introduce national employment with its importance and examples
Answers
Answer:
national employment. Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.
Explanation:
Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.
1. Finch Company began its operations on March
31 of the current year. Finch has the following projected
costs:
April
May
June
Manufacturing costs (1)
$155,000
$196,000
$212,000
Answers
Finch Company started its operations on March 31 of the current year and has the following projected costs: Manufacturing costs:
April = $155,000May = $196,000June = $212,000Therefore, the answer is that Finch Company's manufacturing costs for April, May, and June are $155,000, $196,000, and $212,000, respectively. Finch issues a long term note for cash which means their current assets increase as cash is a current asset but their current liabilities do not increase as the note is a long term one
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