The Andrews Company has just purchased $56,968,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,696,800. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP)

Select : 1

$49,372,267

$45,574,400

$46,713,760

$41,016,960

The statement all of the accounting problems are multiple choice or utilize drop-down menus is true because participants will learn how to construct and evaluate financial statements such as the balance sheet, income statement, and cash flow statement.

As well as how to calculate and interpret crucial ratios. Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect Concept, Realisation Concept, Accrual Concept, and Matching Concept are some of the terms used in accounting.

Revenues, costs, assets, and liabilities are the four basic accounting concepts utilized in company. Documents such as balance sheets, income statements, and cash flow statements track and record these elements. When respondents choose to participate in the study on their own, they make a selection error.

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Option (d), T Corp is not a legally recognized type of corporation.

To local governments in New South Wales that are judged to be financially secure, TCorp offers long-term, competitively priced infrastructure loans in conformity with credit conditions. Learn more.

New South Wales Treasury Corporation is the primary source of funding for the state of New South Wales's public sector (TCorp). Its major objective is to provide financial services to the government of New South Wales as well as other public agencies and companies.

The primary kind of business structure is not limited unregistered businesses. This type of business formation does not exist. All legal forms of business entities, including corporations, partnerships, and sole proprietorships, are acceptable.

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Owners, capital increases because equity increases. (As the owner or owner (in the case of a partnership) increases the amount invested, the value of the shares increases.)

What is Equity?

Equity is the amount of capital invested or owned by the owner of the company. Equity is measured by the difference between liabilities and assets reported on the company's balance sheet. Stock values ​​are based on current stock prices or values ​​regulated by valuation professionals and investors.

What are the some examples of equity?

Equity can be calculated by subtracting liabilities from assets and can be applied to a single asset such as a company. B. Applies to real estate, or companies. For example, if someone owns a $400,000 house and owes $300,000 on a mortgage, that means the owner has $100,000 in assets.

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The government activities, based on whether they promote competition or limit monopoly power, are :

Actions that promote competition :

Actions that regulate markets :

The government controls monopolies by either promoting competition or regulating the market. Promoting competition examples are breaking up monopolies like Standard Oil into smaller companies.

Regulating the market means passing laws such as limiting content on public airwaves and directing companies to reduce their fees.

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The most recent selling price of a stock, currency, product, or precious metal that is traded on an exchange is the current price.

What is the share price right now?

It is the last traded price for a share of stock or any other security. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a subsequent transaction involving that security.

Why is the stock price declining?

Quarterly earnings reports exceeding or falling short of expectations, analyst upgrades or downgrades, and favorable or unfavorable company developments are some factors that might influence sentiment toward a stock. Sentiment toward a stock can also impact demand for that stock.

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In the new Keynesian model, if households become thriftier, real GDP (Y) and labor (L) are likely to decrease. The amount of saving will increase, but the paradox of thrift may arise.

In the new Keynesian model, when households become thriftier, they increase current saving and reduce consumer demand. As a result, aggregate demand decreases, leading to a decrease in real GDP (Y) and a potential decline in labor (L) due to reduced production requirements.

Regarding saving, in the new Keynesian model, an increase in saving accompanies households' thriftiness. However, if the overall level of saving decreases, it may lead to a paradox of thrift. This paradox occurs when individual attempts to save more reduce aggregate demand, causing a decrease in income and thus making it harder for everyone to save.

In the equilibrium business-cycle model, the presence of a paradox of thrift is less clear. This model focuses on the interactions between different agents in the economy and how they adjust their behavior over time. While increased saving may have short-term negative effects on consumption and aggregate demand, the equilibrium model allows for adjustments and potential compensatory factors that could mitigate the paradox of thrift.

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Answer:b

Explanation:

Classification of Lease: Mid-South Urologists Group: The lease should be classified as an operating lease for Mid-South Urologists Group.

This is because the lease term (5 years) is less than 75% of the economic life of the lithotripter (also 5 years), there is no transfer of ownership or purchase option, and the present value of lease payments does not exceed the fair value of the asset.

Physicians' Leasing: Physicians' Leasing should classify the lease as a finance lease.

This is because they are the lessor and will receive substantially all the benefits and risks associated with the ownership of the lithotripter.

Additionally, there is no transfer of ownership or purchase option, and the lease term is for the major part of the economic life of the asset.

Entries for Mid-South Urologists Group:

January 1, 2021:

Lease Receivable (PV of lease payments) $2,660,000

Lease Liability (PV of lease payments) $2,660,000

April 1, 2021:

Lease Expense $159,487

Cash (Payment made) $159,487

December 31, 2021 (Adjusting Entry):

Lease Expense $159,487

Lease Liability (Accrued interest) $10,640

Interest Expense $10,640

Entries for Rand Medical:

January 1, 2021:

Lease Receivable (PV of lease payments) $2,660,000

Lease Liability (PV of lease payments) $2,660,000

April 1, 2021:

Lease Receivable (Payment received) $159,487

Cash $159,487

No adjusting entries are required for Rand Medical since they are not the lessee and do not have an ongoing interest in the lease.

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The Occupational Outlook Handbook (OOH) is a comprehensive resource published by the U.S. Bureau of Labor Statistics (BLS) that provides detailed information on hundreds of occupations.

It serves as a valuable tool for job seekers, students, career counselors, and researchers looking to explore various career paths and make informed decisions about their future.

The OOH offers a wealth of information about different occupations, including job duties, required education and training, median pay, job outlook, and typical work environments. It also provides insights into the skills and qualities needed to succeed in each profession. The handbook covers a wide range of fields, including healthcare, business, technology, education, arts, and more.

The OOH is regularly updated to reflect the latest labor market trends and developments. It incorporates data on job growth, employment projections, and emerging occupations, making it a reliable resource for understanding the current and future landscape of the job market. The handbook is available both online and in print, offering easy accessibility to users seeking accurate and up-to-date information on various careers.

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Self-representation is important in the corporate world because it allows individuals and companies to effectively communicate their values, goals, and objectives.

In order to further one's image, reputation, or interests, self-representation is the purposeful and intentional act of presenting oneself to others. This might involve exhibiting one's abilities, successes, and professional experiences as well as emphasizing one's character traits and ideals. In the workplace, where it may help people build their professional brand and boost their visibility, self-representation is crucial in many facets of life. Effective self-representation may aid in fostering a favorable image, establishing credibility, and fostering a sense of trust, making it important for businesses and organizations as well. In general, self-representation involves taking charge of one's image and efficiently conveying it to others.

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The interests of shareholders must come first and they must be treated fairly and honestly by those who sell and trade securities. By monitoring the major participants in the securities market, such as exchanges, brokers/dealers, advisors, funds, and rating agencies, the SEC makes sure of this.

There are three key parts to the purpose of the US Security and Exchange Commission.

They uphold a fair, regulated, and effective market, safeguard investors, and promote capital formation.

Corporations that openly trade stocks are subject to rules that SEC has put in effect. These laws address the fact that broker-dealers, public companies, as well as some individuals, are all obliged to file reports with SEC on a regular basis. These investors and financial experts rely primarily on the information provided in these filings with the SEC to learn more about the firms they are thinking of investing in.

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The missing word in the given question is "Evaluation." Evaluation of advertising is done usually at two separate times: before and after the advertisements are run in the actual campaign.

What is advertising evaluation? The process of determining how effective an ad campaign is in achieving the objectives and goals it set out to accomplish is known as advertising evaluation. It is important to assess the effectiveness of ad campaigns in order to improve them in the future and achieve better results. Advertising evaluation is critical because it provides feedback on the effectiveness of the ad campaign. In order to fine-tune the message and ensure that it resonates with the target audience, advertisers must evaluate their work. They can then use that information to adjust the campaign in real time, which can increase its effectiveness and reach.

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Answer:

Hello your question has some missing information attached below is the missing part

University Hospital has two separate units that are part of the hospital but are two separate facilities. The first is the main hospital that performs emergency room functions, surgeries, and recovery. Separate from the main hospital is an outpatient surgery center. In an effort to control costs, some of the patients that need minor surgeries are routed to the outpatient surgery center. The outpatient surgery center treats patients in three activity centers: (1) Surgery, (2) Phase I recovery, where patients recover while the patients are still asleep, (3) Phase II recovery, where patients recover while they are awake. Phase II recovery ends when the patients go home. Daily capacities and production levels are as follows.

                                          surgery phase i recovery phase ii recovery

Daily Capacity (surgeries) 40                    30                 60

Daily Production (surgeries) 30                    30                  30

The hospital receives an average of $1,000 per surgery. (The surgeon’s fee and the anesthesiologist’s fee are billed separately.) The variable cost per surgery is $300. There is sufficient demand for surgeries that the hospital could perform 60 surgeries per day. Surgeries not performed by the outpatient surgery center are sent to the main hospital’s regular surgery rooms. The variable cost per surgery for regular surgery in the main hospital is $700, while the hospital still receives $1,000 per surgery. The hospital management is considering the following alternatives:

answer : $32000

Explanation:

When we remodel the problem we have to make two(2) calculations

Outpatient surgery center

Revenue from surgery = 40 * $1000 = $40000

variable cost per  surgery = 40 * $300 = $12000

contribution = ( revenue - variable cost ) =  $28000

cost incurred = $2000

Total = contribution - cost incurred = $26000

Regular surgery room

Revenue form surgery = 20 * $1000 = $20000

Variable cost per surgery = 20*$700 = $14000

contribution = ( revenue - variable cost ) = $6000

Therefore the Total income made by remodeling the outpatient recovery

=  $26000 + $6000

= $32000

Answer:

100

Explanation:

Hope this helps!

Merry Christmas.

Answer:

Explanation:

100

Answer:

The Android File Manager app helps users manage and transfer files between the smartphone's storage and a computer. ... The Android operating system allows you to remove apps quickly if you no longer use them or to make room for additional files without having to connect the phone to your computer.

Explanation:

The adjusting entry required to record accrued expenses includes debiting the expense account and crediting the corresponding liability account.

Accrued expenses are expenses that have been incurred but not yet paid or recorded. They represent expenses that have been recognized in the current accounting period but have not yet been paid. To properly account for these accrued expenses, an adjusting entry is required.

In the adjusting entry, the expense account related to the accrued expense is debited. This recognizes the expense and increases the expense account balance. On the other side of the entry, the corresponding liability account is credited. This reflects the amount owed for the accrued expense and increases the liability account balance.

By debiting the expense account, we ensure that the expense is recognized in the correct accounting period, even if the payment is made in a later period. Crediting the liability account reflects the obligation to pay the expense in the future.

For example, let's say a company has accrued $1,000 in salaries expense for the current month. The adjusting entry would involve debiting the salaries expense account by $1,000 and crediting the salaries payable (liability) account by the same amount.

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Option c is the right answer. Warehouse showrooms are massive, low-cost retail facilities with sizable on-site stock and few services.

A warehouse showroom is a retail location for a business with a substantial inventory of the company's goods and a display of those goods. Customers receive a limited range of services from it. Large quantities of goods are sold at lower prices at warehouse showrooms, also referred to as warehouse stores. These establishments offer a no-frills experience, which indicates that they remove opulent extras from their goods or services to cut expenses. They are able to offer things at a lesser cost this way than traditional retailers. Customers who bag their own purchases help the store save money. Most warehouse shops don't offer their customers transportation services. These retailers include Kroger, WinCo Foods, and Albertsons LLC, to name a few.

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Answer:

c. 33.33%

Explanation:

The original price was $1,800

The price dropped to $1,200

the drop in price was $1,800 - $1200 = $600

The percentage drop will be $600/$1800 x 100

=0.33333 x 100

=33.33%

A job is a paid position. While a career is a professional path that a person would undertake in a field to be a professional there.

A job is a paid position of employment that typically requires a set of specific duties and responsibilities to be performed on a regular basis. To me, a job represents a way to earn a living and support oneself, as well as a way to gain experience and skills in a particular field. Getting a job often involves applying for open positions, completing interviews and meeting certain qualifications or requirements. A common way of finding a job is by looking for job openings on various websites, or by networking with people in the industry.

A career, on the other hand, is a longer-term pursuit of a professional path or occupation, often involving a progression of positions or roles within a particular field or industry. To me, a career represents a sense of purpose, growth and development, as well as a way to contribute to the society and make a meaningful impact. Building a career often involves setting goals, acquiring new skills, and working one's way up through the ranks of an organization or industry. A common way of building a career is by developing a professional network, taking on extra responsibilities, and continuously learning and growing.

The main difference between a job and a career is that a job is a temporary position, while a career is a longer-term pursuit. A job is more focused on the present and immediate needs, while a career is more focused on the future and long-term goals. A job may require only basic qualifications, while a career may require more advanced skills and education. A job is often viewed as a means to an end, while a career is often viewed as a calling or a vocation.

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The statement is true because weighted average equivalent units of production (EUP) can be calculated by adding the EUP for the units in ending work in process to the units transferred out during a particular period.

In the weighted average method of process costing, EUP is the unit of production measure that accounts for the degree of completion of units in process at the beginning and end of the period, as well as for the units transferred out of the process.

The EUP for units in ending work in process represents the percentage of completion of those units at the end of the period, while the units transferred out have a completion rate of 100%. Adding the EUP of the units in ending work in process and the units transferred out gives the total equivalent units of production for a given period.

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Answer:

C. Owners have limited liability for debt

The given statement is true.

In conclusion, the correct option is True.

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The total amount of itemized deductions that Evan may claim is $55,300.

To calculate the amount of itemized deductions that Evan may claim, we need to consider the limitations imposed on certain deductions. Let's break down the calculations:

1. Medical expenses (before the 7.5%-of-AGI limitation): $31,000

2. Adjusted Medical expenses (7.5% of AGI): $277,300 * 7.5% = $20,797.50

  (Evan's AGI multiplied by 7.5% to calculate the deductible amount of medical expenses)

Since the adjusted medical expenses exceed the actual medical expenses, we will use the actual medical expenses as the deduction.

3. Interest on home mortgage: $8,700

4. State income taxes: $9,500

5. Real estate taxes: $3,600

6. Charitable contributions: $2,500

Now, let's calculate the total itemized deductions:

Total itemized deductions = Medical expenses + Interest on home mortgage + State income taxes + Real estate taxes + Charitable contributions

Total itemized deductions = $31,000 + $8,700 + $9,500 + $3,600 + $2,500

Total itemized deductions = $55,300

However, we need to account for the limitations on itemized deductions for high-income taxpayers. For 2021, if Evan's AGI exceeds a certain threshold ($329,800 for single filers), the total itemized deductions will be subject to a reduction.

Since Evan's AGI ($277,300) is below the threshold, there is no reduction in his itemized deductions.

Therefore, the amount of itemized deductions that Evan may claim is $55,300.

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Answer:5,4,and1

Explanation:

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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The average fixed cost is $12 and the average variable cost is $16.

To calculate the average fixed cost and average variable cost, we need to understand the formulas for these cost measures.

Average Fixed Cost (AFC) is calculated by dividing the total fixed cost (TFC) by the output level (Q):

AFC = TFC / Q

Average Variable Cost (AVC) is calculated by dividing the total variable cost (TVC) by the output level (Q):

AVC = TVC / Q

Given the information you provided:

Fixed costs (TFC) = $600

Variable costs (TVC) = $800

Output level (Q) = 50 units

Let's calculate the average fixed cost (AFC):

AFC = TFC / Q = $600 / 50 = $12

Therefore, the average fixed cost is $12.

Now, let's calculate the average variable cost (AVC):

AVC = TVC / Q = $800 / 50 = $16

Therefore, the average variable cost is $16.

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With given fixed costs the average fixed cost is $12 per unit and the average variable cost is $16 per unit.

Given fixed costs of $600, variable costs of $800, and an output level of 50 units, the average fixed cost and average variable cost are computed as follows:AFC = FC/QAVC = VC/Q.First, let's compute the average fixed cost (AFC):AFC = FC/QWhere FC = $600 and Q = 50.AFC = $600/50 = $12Thus, the average fixed cost is $12 per unit.Next, let's compute the average variable cost (AVC):AVC = VC/QWhere VC = $800 and Q = 50.AVC = $800/50 = $16Thus, the average variable cost is $16 per unit. Therefore, the average fixed cost is $12 per unit and the average variable cost is $16 per unit.

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Contribution margin per unit is $13 per unit , total variable costs will equal $136,000, total fixed costs will equal $40,000. If 10 more units are sold, profits will increase by $130, The number of units to break-even is 7,111. The number of units required to achieve a profit of $20,000 is 5,538.

Given that Sales (4,000 units) $120,000Less variable expenses (68,000)

Contribution margin 52,000Less fixed expenses (40,000)Net income $ 12,000a)

Calculation of contribution margin per unit

Contribution margin per unit is calculated by dividing the total contribution margin by total number of units.

Contribution margin per unit =$52,000/4,000 units= $13 per unit  

Calculation of total variable costs Total variable cost is calculated as follows:

Contribution margin = Sales - Variable cost ⇒ $52,000 = $120,000 - Variable cost⇒

Variable cost = $120,000 - $52,000 = $68,000

Total variable costs for sales of $240,000 = $240,000 × ($68,000 ÷ $120,000) = $136,000

Calculation of total fixed costs

Total fixed costs for sales of $240,000 = $40,000 (remains the same)

Calculation of profits increase

If 10 more units are sold, profits will increase by $130 = 10 × $13 (contribution margin per unit)

Calculation of break-even point

Break-even point is the point where total sales equals total expenses and the net income is zero.

Contribution margin ratio = Contribution margin / Sales ⇒ $52,000 / $120,000 ⇒ 0.433 or 43.3%

Fixed expenses / Contribution margin ratio = $40,000 / 0.433 ⇒ $92,355 (rounded to nearest dollar)

Total units to break-even = Total fixed cost / Contribution margin per unit ⇒ $92,355 / $13 per unit = 7,111 (rounded to nearest whole unit)

Calculation of the number of units needed to achieve a profit of $20,000

Units required to achieve a profit of $20,000 = (Fixed costs + Operating income) / Contribution

margin per unit = ($40,000 + $20,000) / $13 per unit

= 4,000 units + 1,538 units = 5,538 units (rounded to nearest whole unit)

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The most expensive home the couple can afford to buy a home is $175,000 having a down payment of 20%.

Given,

The percentage of the down payment from the complete amount of purchase is 20%.

The total amount of saving by the couple is $35,000.

For calculating the maximum amount for buying the most expensive home the total amount of saving is assumed to be equal to the percentage of down payment.

Thus, if $35,000 is equal to 20% of the total amount then what will be the total amount?

This is computed as follows:

\(\begin{aligned}\text{Amount}&=\dfrac{\text{Total Savings}}{\text{\% of Down Payment}}\times100\\&=\dfrac{\$35,000}{20}\times100\\&=\$175,000\end{aligned}\)

Therefore, the maximum amount that can be afforded by the couple to buy the most expensive home is $175,000.

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Answer:

Answer is C $175,000 i believe could be wrong

Explanation: