Oriole's Copy Shop bought equipment for $458400 on January 1, 2020. Oriole estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2021, Oriole decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2021?

Answer:

the revised depreciation expense for 2021 is $61,120

Explanation:

The computation of the revised depreciation is shown below:

Annual Depreciation is

= $458,400 ÷ 3 years

= $152,800

Now the book value would be

= $458,400 - $152,800

= $305,600

Now the revised depreciation is

= $305,600 ÷ 5 years

= $61,120

Hence, the revised depreciation expense for 2021 is $61,120

You would like to start a cellular telephone equipment service business. you are considering organizing the business as a sole proprietorship. Identify the advantages and disadvantages of owning a sole proprietorship

Ralph has a balance of $1350 on his credit card, which he plans to pay off by
making a payment of the same amount each month. Which of these monthly
amounts will allow Ralph to pay off his balance the fastest?
O A. $40
B. $35
C. $25
O D. $30

The MRP input storing information on the status of each item by time period (e.g., scheduled receipts, lead time, lot size) is the:

What is global trade?
A. When products, services, and money are exchanged between the United States and Canada
B. When products, services, and money are exchanged between different countries
C. When products, services, and money are exchanged within a single country
D. When products, services, and money are exchanged only between different cities in one state

Assume that Cram Sales Company completed the following note payable transactions:_______.2016July 1 Purchased delivery truck costing $57,000 by issuing a one-year, 6% note payable. Dec 31 Accrued interest on the note payable. 2017 Jul 1 Paid the note payable at maturity. Read the requirements. Requirement 1. How much interest expense must be accrued at December 31, 2016? Round your answer to the nearest whole dollar. The interest expense accrued at December 31, 2016 is $ Requirement 2. Determine the amount of Cram Sales' final payment on October 1, 2017. The amount of Cram Sales final payment on October 1, 2017 is $ Requirement 3. How much interest expense will Cram Sales report for 2016 and for 2017? (Round your answers to the nearest whole dollar) The company will report interest expense of $ in 2016 and $ in 2017.

Assume that the standard cost to make one finished unit includes 2 hour of direct labor at $8 per hour. During April, 22,000 direct labor-hours were worked, 10,500 units of product were manufactured, and total direct labor cost was $160,000. What is the labor rate variance for April

Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs, and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is:_________

Suppose on Monday June 1, you long and I short the futures contract on 1000 units of commodity, for December delivery. We enter the positions when the futures price is $15 per unit. We are required to post margins equal to 12% of the contract amount. On Tuesday June 2, the December contract settles at $15.75. Between Monday and Tuesday, my return will be what percentage?

a. -4.2%
b. 50%
c. -42%
d. 5%

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Using the gross profit method, estimate Swifty’s April 30 inventory that was destroyed by fire.

If you were a loan officer evaluating a small business credit application for a loan and you wanted to ensure that the applicant had more than sufficient cash flow to pay off its existing debt, the applicant's cash-flow-to-debt ratio would have to be greater than:_______

a. the TIE ratio.
b. peer average ratio.
c. the interest rate on the debt.
d. zero.
e. one.

Jacob works as a researcher for a car showroom. He's going to collect data about consumers' changing preferences, Interests, and demands. He
doesn't plan to select a sample or conduct a survey. Instead, he wants to analyze the behavior of random consumers on his own. He wants to
study their reactions without letting them know that they are a part of the research study. He has decided to go to car showrooms and check
how consumers react to various car models. The notes that he plans to record during the process will form the basis of the market research
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what is confidential information​

When looking at developing a particular residential project in a market, the most important factors in figuring out the market area are ___________

Cash flows from operating activities include:__________.a) paying principal to lenders. b) changes in accounts receivable. c) purchases of equipment. d) proceeds from stock issuance.

Hello thank you so much for your help so kinda a long question here (multiple parts).
2. The Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $5000 in currency into the bank and that currency is added to reserves.
Recall, to calculate checkable deposits you have to add the original checkable deposits to the new deposit. To calculate required reserves for the deposits, you have to multiply the required reserve ratio (decimal from) by checkable deposits. To calculate excess reserves, you will subtract required reserves from actual reserves.
2.1. What level of excess reserves does the bank now have?



2.2. Complete the table below for the Third National Bank. You have to distinguish between a bank's assets and bank's liabilities.
The figures in the table below are for the Third National Bank. All figures are in thousands of dollars. (Table/chart/graph) normally goes here)

2.3. What is the total assets of this bank? Explain the basics of this bank’s balance sheet.

2.4.If the required reserve ratio for the Third National Bank is 10 percent, what is the monetary multiplier?
(helpful stuff)Recall, to calculate you have to use the formula: Monetary Multiplier = 1÷Required Reserve Ratio. The money multiplier is a key measure in banking that helps to predict the money supply that will be available to drive economic growth. As you can see from the formula, if the reserve requirement is 20%, the money multiplier will be 1 divided by 0.2, which is 5. We can then use the money multiplier multiplied by the excess reserves to determine the maximum checkable-deposit creation that will be provided by the new money entering the system.




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(helpful stuff)Recall that, generally, bank creates money in a typical economy by making loans. The Fed sets the reserve requirement (the required reserve ratio) that directly affects the amount of money creation.

Jim earns $100,000 a year at his job. He owes $20,000 a year for his home mortgage payment, and $30,000 a year for his combined cabin, boat, and car payments. What is Jim's yearly accumulated wealth before he spends anything on himself or his family?

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Present value of 1 for 8 periods at 6% 0.627
Present value of 1 for 8 periods at 8% 0.540
Present value of 1 for 16 periods at 3% 0.623
Present value of 1 for 16 periods at 4% 0.534
Present value of annuity for 8 periods at 6% 6.210
Present value of annuity for 8 periods at 8% 5.747
Present value of annuity for 16 periods at 3% 12.561
Present value of annuity for 16 periods at 4% 11.652

The issue price of the bonds is:_________

a. $5,337,360.
b. $5,997,600.
c. $5,301,360.
d. $5,308,920.

Noncompensatory stock option plans have all of the following characteristics except:__________

a. participation by substantially all full-time employees who meet limited employment qualifications.
b. equal offers of stock to all eligible employees.
c. a limited amount of time permitted to exercise the option.
d. a provision related to the achievement of certain performance criteria.

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. What do you think the purpose of standardized testing is? ​

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a. True
b. False

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Sienna Manufacturing uses a two-step process to make a metal part. The first step involves cutting with a machine that requires a 40-minute setup time before the production of each batch. The cutting takes 30 minutes per part. The second step is polishing the parts from cutting. The polishing takes 40 minutes per part, and the polishing machine requires no setup. Assume demand is unlimited. What is the ideal batch size of the parts?

a. 10
b. 8
c. 4
d. 2

How many times did Donald trump declare bankruptcy

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Trout Lumber Yard has a current accounts receivable balance of $447,516. Credit sales for the year just ended were $8,105,305. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

your newest coworker is not as productive as other members on your team