Burbank Company owns the building occupied by its administrative office. The office building was reflected in the accounts at the end of last year as follows:
Cost when acquired …………………………………….…… $330,000
Accumulated depreciation (based on straight-line depreciation, an
estimated life of 50 years, and a $30,000 residual value) ………. 78,000
During January of this year, on the basis of a careful study, management decided that the total estimated useful life should be changed to 30 years (instead of 50) and the residual value reduced to $22,500 (from $30,000). The depreciation method will not change, i.e. they will keep using straight-line deprecation.
Required:
1. Compute the annual depreciation expense prior to the change in estimates.
2. Compute the annual depreciation expense after the change in estimates.
3. What will be the net effect of changing estimates on the balance sheet, net income, and cash flows for the year?

In two small towns, salon owners have monopoly power, meaning they are the only employers in the market. As a result, the supply of labor is determined by the wages offered by salons, while the demand for labor is determined by the number of haircuts salons can provide.

In both cities, the marginal resource cost (MRC) is higher than the offered wages, which means that salons are not maximizing their profits by hiring all available labor. This is due to the monopsony power of salons, as they are able to set wages below the marginal resource cost of hiring labor. Salons are therefore able to capture part of the surplus for themselves, rather than handing it over to hairdressers.

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Using the discounted cash flow technique, the net present value will be $13616 , the annual rate of return % will be9% and Cash payback period years is 3.45.

Annual rate of return = Annual income/Initial investment/100

27000/300000*100= 9%

Cash back period= Initial investment /annual cash-flow

300000/87000=3.45 years.

Cash inflow= annual cash flow + annuity value= 313616

Net present value= Cash inflow(313616)- initial investment(300000) =13616

What Is NPV?

The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV). To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning.

Is a higher or lower NPV better?

The project is not a good one if the NPV is negative. It will eventually cause the company to run out of money. If it's affirmative, the project ought to be approved. The benefit to the company is greater the higher the positive figure.

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After gathering information and confirming the lawsuit, top management at Goldstar should inform all Goldstar employees either personally or via electronic messages.

A person is sued using their legal name and any aliases when a lawsuit is filed against them. You also require the address of the person. By reviewing whatever documentation you may have regarding the legal dispute, it is frequently simple to obtain this information if you do not already have it.

By bringing a lawsuit, you can demand compensation for any losses or harm—physical or emotional—that you may have suffered as a result of the other party's acts. You, the one making the claim, will be referred to as the plaintiff, and the party you are suing will be referred to as the defendant.

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As professional and service jobs have increased in number, higher-paid work requires more education and/or technical training, as well as excellent physical health.

Education includes both the act of imparting knowledge to others and the process of learning something new. In addition to the institution of teaching as a whole, education also refers to the knowledge acquired through formal education or instruction. Other noun senses for the word "education" exist.

Critical thinking is improved by education. This is crucial for instructing someone in using reasoning when making decisions and communicating with others (e.g., boosting creativity, enhancing time management). An individual's education helps them meet the requirements for entry-level jobs and increases their likelihood of getting better jobs.

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A severe recession has sharply decreased the incomes of consumers. knowing that x is a normal good, you expect a movement in the market for x from B to A.

The term "recession" is used in economics to describe the economic downturn brought on by a reduction in supply or demand. The production, employment, and income of domestic economies generally diminish, which in turn results in additional drops in demand and investment, lengthening the recessive process. Because of this, when demand or production falls, the recession tends to last longer, deepen, and speed up, signalling that the affected nation's domestic economy will be in decline.

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This statement is True. The objective of a transportation problem solution is to schedule shipments from sources to destinations while minimizing total transportation and production costs.

A transportation enterprise is basically any enterprise that has a hand in transporting people or goods. it could also do with offering transportation for different commercial enterprise proprietors who need help linking their products to their real commercial enterprise. The precise reason for transportation is to fulfill a demand for mobility considering the fact that transportation can most effectively exist if it moves passengers, freight, and statistics around.

Transportation is needed due to the fact few financial sources—raw substances, fuels, food, synthetic items—are positioned in which they may be desired. every location or area on earth produces greater than it consumes of a few goods and services and much less than it consumes of others. an excellent transport device can broaden the market for goods. it could additionally make the movement of uncooked substances, fuel, equipment, and so on. to the places of production clean. further, it opens up remote regions as well as resources for manufacturing.

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The correct option is (c) Both (a) and (b). The current ratio is a measure of a company's ability to pay its current liabilities, which are debts that must be paid within one year.

Current liabilities are short-term financial obligations that a company is obligated to pay within one year. They include accounts payable, accrued liabilities, taxes payable, short-term debt, and any other obligations that a company is expected to pay within the current fiscal year. Current liabilities are typically found on a company’s balance sheet and are reported separately from its long-term liabilities. Companies must pay current liabilities in order to remain fiscally healthy and keep the business running. It is important to note that current liabilities should not be confused with long-term liabilities, which are obligations that must be paid over a longer period of time.

Accounts receivable turnover is an efficiency ratio that measures how quickly the company collects its receivables. Both measures are important indicators of a company's ability to pay current liabilities.

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The project manager concentrates on the technical aspects of the change—its design, development, and delivery. The technical would be lost without management and direction.

By responding to market shifts and opportunities, executives in a change-competent organization are constantly looking for ways to increase profitability and growth. They also make sure that business changes are implemented and realized to their full potential through effective leadership and change sponsorship.

Change coordinators and change managers are often in charge of overseeing all facets of IT modifications. Prioritizing requests for adjustments, they weigh their effects before accepting or rejecting them. They also record the plans for and procedures for change management.

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The mechanic will collaborate because you will believe in him.

Assuming responsiblity for collaborative work and respecting the thoughts and contributions of each team member from a position of strong self-identity, cooperation demonstrates the capacity to work respectfully and effectively Concessions should be made, consensus should be reached during decision-making, and consensus should be built with various people or teams.

Greater learning, emotional maturity, and a strong sense of personal identity have all been linked to cooperative behavior. Participants frequently develop greater mental flexibility and a greater desire to come up with original answers. Enjoyment, self-assurance, and a sense of worth are the outcomes.

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Answer:cost

Explanation:

Cost - One of the major disadvantages of advertising is the cost involved in the entire process.

If a partnership has a majority interest taxable year, only the earnings interests of the partners are important.

The claim that "Only the partners' profits interests are significant for evaluating if a partnership has a majority interest taxable year" is untrue because both the profits and capital interests of the partners are taken into account.

Explanation: In order to identify its proper year end, a partnership should take into account the following three tests: First is the majority interest tax year, second is the test for principle partners, and third is the least aggregate deferral.

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Unethical behavior may begin with four basic rationalizations. The organization would expect that it be carried out a belief that the behaviour will not matter even if it is noticed is not one of them.

What does ethics mean by rationalisation?

Invented justifications are used to cover up or downplay real motives, causes, or behaviours. They are the justifications people use to justify not upholding their own moral standards. My actions are not actually unlawful or immoral. The best interests of everyone are served by my activity. I won't let anyone know what I did. The corporation will support me and defend my behaviour. These are the justifications.

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The Securities Exchange Act of 1934 regulates the securities markets, with the main intent being to prevent fraud and manipulation. It also created the SEC as the regulatory authority over the markets and market participants.

What do you mean by security?

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In general, judges are required to follow the precedents established by other judges in their jurisdictions who have rendered similar decisions. But a judge is not always required to decide in the same way that other judges have.

According to the stare decisis theory, following precedent is the best course of action because it encourages the fair, predictable, and consistent development of legal principles, encourages reliance on court decisions, and supports the actual and perceived integrity of the judicial process.

During King Henry II's rule in England in the twelfth century, the stare decisis theory first appeared. Henry commanded that English "common law" be categorized based on national traditions. Judges now have the power to use earlier verdicts as precedent for more recent ones, thanks to this reform. As a result, numerous regional traditions were incorporated and stabilized into a single efficient legal system.

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It is not unusual for a company to be more aggressive in its youth and to age toward conservative when it has market share, sales, and customers to protect.

The exchange of products and services can take place more easily when buyers and sellers can connect in a market. Markets can exist in the real world, like a physical store, or online, like an e-retailer.

Since those changes, there have been roughly seven-year-long stock market crashes in 2000, 2008, and 2020, with the coronavirus being responsible for the fall in 2022. Why Do Markets Crumble? The reasons why markets crash might vary. The stock market plummeted as a result of outside factors, for instance, in 2022 and 1973.

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The government strictly enforces antitrust laws is necessary for a firm to practice price discrimination.

Only when customers from various sub-markets are prepared to pay different prices for the same commodity is price discrimination possible.

The identification of various market segments is a crucial requirement for price discrimination to take place. If this is true, various groups' price elasticity of demand will vary. Because of this, the company can set different rates based on how sensitive its customers are to price changes.

Selling to each client at a distinct price is known as personalized pricing (or first-degree price differentiation); perfect price discrimination is the process of maximizing the price that each consumer is willing to pay.

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If a company decides to pursue new markets with current products, the company would be using the strategy of market penetration. So option c. is correct.

Market penetration is a measure of how much a product or service is being utilized by customers corresponding to the total assessed market for that product or service. Market penetration also associates with the number of potential customers that have purchased a specific company's product rather than a competitor's product. Market development is the system or action steps needed to increase market share or penetration.

Market penetration is not only used on a global and industry-wide scale to estimate the extent of products and services but also is used by companies to evaluate their product's market share.

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The difference between a cover letter and an introduction statement is that C. A cover letter is typically submitted with a resume. An introduction statement is used with online applications.

Although they have a similar format, a cover letter and an introduction letter serve very different purposes. A letter of introduction informs a potential employer of your qualifications and expresses your desire to be considered for a position. In response to a recent job posting, a cover letter is written.

The main distinction is that a supporting statement is included in the application form and responds to questions like "Please explain why you are perfect for this role," whereas a cover letter is typically sent separately from your CV.

In a cover letter for a job application, you can introduce yourself personally and argue why hiring you would be wise. Include specific examples from your prior experience that show you are qualified for the position in your cover letter, which should be three paragraphs or less long.

Therefore, based on the information illustrated, the correct option is C.

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answer is push. All of these activities are meant to encourage Chrysler dealers to promote Chrysler products via the channel to consumers.

Walter Chrysler formed the original Chrysler Corporation in 1925 from the remnants of the Maxwell Motor Company. It was purchased by Daimler-Benz, which renamed itself DaimlerChrysler in 1998. After Daimler sold Chrysler in 2007, the firm was known as Chrysler LLC (2007-2009) and Chrysler Group LLC (2009-2014) until being bought by Fiat S.p.A. and merged into the newly established Fiat Chrysler Automobiles ("FCA") in 2014. In 2021, Chrysler becomes a subsidiary of Stellantis, the corporation founded by the merging of FCA and PSA Group (Peugeot Société Anonyme). Walter Chrysler adopted the General Motors brand diversification and hierarchy plan that he had been familiar with while working in General Motors' Buick division.

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The equity premium is the difference between the risk-free rate and the average return on stocks. According to Edward Prescott's equity premium puzzle, the observed equity premium cannot be justified by investors' possible risk aversion.

The following is how the CAPM calculates an asset's expected return:

The expected return is equal to the risk-free rate, beta, and market risk premium.

Due to investor risk aversion, it is difficult to explain why the returns on equities have been significantly higher on average than those on Treasury bonds, resulting in the equity premium.

The literature that Mehra and Prescott started 20 years ago is now referred to as the "equity premium puzzle."

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Using the rule of 70, the number of years at a 6% growth rate is 11.67, the number of years at a 7% growth rate is 10, and the number of years at 8% is 8.75.

The annual change in a variable is expressed as a percentage using growth rates. If a variable has a positive growth rate, it increases over time; if it has a negative growth rate, it declines over time. Growth rates can be helpful in evaluating past performance and forecasting future performance.

Growth rate = year required to double

6% = 11.67 (70/6)

7% = 10 (70/7)

8% = 8.75 (70/8)

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The following journal entry by selecting the account names and dollar amounts from the drop-down menus is Cash $1050, Cash Over and Short $9 and Sales $1059.

Ryder Carroll, a designer, created a personal organisation system called a bullet journal. A single notebook is used by the system to keep track of scheduling, reminders, to-do lists, brainstorming, and other organizing chores.

The term "bullet journal" refers to a method of recording information using short bullet points, while it also partially derives from the use of dot diaries, which employ dots rather than lines for gridding. Since the original bullet journal technique was introduced, the internet community has transformed the bullet journal into a variety of various styles, including minimalistic, creative, doodle, super-organized, and scrapbook.

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Maturity is the stage of the product life cycle, many consumers enter the market and buy the product for the first time, and demand increases rapidly.

The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all possible. Every good has a price because it costs money to produce it. The market, quality, marketing, and intended market group all affect the price that can be paid.

Anything you offer to fulfill a customer's need or desire is a product. They could be real or imaginary. A physical product can be either durable (such as vehicles, furniture, or computers) or nondurable (like food and beverages).

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It's thrilling and difficult to launch a new firm in a promising sector. To guarantee the company's success, meticulous planning, good organization, powerful leadership, and efficient control are necessary. This thesis argues .

Planning:

Step: We'll concentrate on a few crucial tactics in order to accomplish this goal. First, we'll set ourselves apart from the competition by providing special and avant-garde products that cater to our target demographic. By delivering outstanding customer service and support, we will also put a lot of effort into cultivating long-lasting connections with our partners and clients.

As a result, we will be able to respond swiftly to shifting market conditions.

We will provide competitive salary packages and a supportive work environment in order to draw in and keep top people.

Leading

, it takes meticulous preparation, effective organization, powerful leadership, and effective control to launch a small business in a promising sector. I am convinced that by putting the information taught in this Business Foundation class to use, my start-up business will be well-positioned to attain sustainable .

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Assume a business is hiring workers in a labor market that is extremely competitive. if labor's marginal revenue product exceeds the pay rate. It is true that the company needs to hire more employees.

The company needs to hire more workers. Explanation: A business that seeks to maximize profits will hire workers up until the wage rate exceeds the marginal output of labor. The firm should increase hiring if the marginal product of labor exceeds the wage rate until the two quantities are equal.

In a market with perfect competition, the marginal revenue product is equal to the marginal product of labor times the cost of the good that the labor is used to produce. If any of those two factors changes, the curve will be shifted.

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The number of computers that Marie sold, given the number of computers that they both sold, can be found to be 20 computers

The number of computers sold together would be :
Computers sold together = Number sold by Marie + Number sold by Mira

Assuming the number sold by Marie is x, the formula would be :
56 = x + ( 16 + x )

The number sold by Marie is:

56 = x + ( 16 + x )

56 = 2x + 16

2x = 56 - 16

x = 40 / 2

x = 20

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The answer of the above statement is TRUE. The job and duties of the sport public relations professional have changed because the public's view of sport has shifted from a focus on competition to a focus on entertainment spectacle

The only purpose of sports public relations is to improve and promote the image of individuals, companies, or teams through various media outlets. Jobs in sports public relations involve working with social, print, and internet media.

Furthermore, the discipline of sports management public relations is all about letting the athlete to concentrate on their game while the PR team takes care of the player's image. They work to improve the player's public image potential.

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The systems model of amendment is wont to diagnose what to vary, however alternative models should be wont to confirm a way to assess the success of a amendment effort.

McKinsey 7S model was developed by Henry Martyn Robert boatman and Tom Peters throughout early Nineteen Eighties by the 2 consultants McKinsey Consulting organization. The model could be a powerful tool for assessing and analyzing the changes within the internal scenario of a company.

Create mechanism that helps determine the internal scenario of deviations from desired results, monitor outcomes and appearance for conflicts that indicate what has to amendment. Increase in performance and productivity isn't a signal of worker resistance to vary.

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Answer: I hope Laura had a trust account for loved ones left behind.

Explanation:  Because no one can touch her estate.  Trust accounts are handed down to designated family members, i.e., money, property, valuables, etc., That way, wealth stays within the family designated and the State has no say so.

The statement which true regarding Laura, an individual taxpayer who dies in 2022 with a gross estate of $10,000,000 is - "No estate tax will be due if Laura has no prior year transfers". Thus, option first is correct.

A taxpayer is someone or something that has to pay taxes. Modern taxpayers may have an identification number, which is a governmental reference number assigned to people or corporations. The term "taxpayer" frequently refers to someone who pays taxes.

If Laura had no prior year transactions, no estate tax will be required under existing tax regulations.

Single taxpayer estates enjoy a baseline exemption of $11.58 million from 2018 to 2025. The basic exemption for married taxpayer estates is $22.36 million. This indicates that if Laura's estate made no transfers in previous years, her estate would be less than the exemption threshold of $11.58 million, and no estate tax would apply.

In conclusion, there would be no estate tax.

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Assessment approach is not one of the three standard approaches to the appraisal of real property.

Property is something over which a person or a company has legal ownership. Property can refer to either intangible objects with the potential for future value, such as stock and bond certificates, or tangible items like homes, automobiles, or appliances.

A piece of land is considered real property, as are all of its permanent fixtures. All ownership privileges, such as the authority to own, sell, lease, and use the land, belong to the real property owner.

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