why do some consumers feel upset about the fact that businesses are collecting their personal information?

Answers

Answer 1

When personal data is exploited or insufficiently protected, it can lead to identity theft, financial fraud, and other issues .

What are the issues that arise from personal data collection? Exorbitant cost of data compliance. Who is in charge of ensuring that data protection laws are followedData breach riskWide personal data definition It is impossible to totally remove the risk of a data breach.The ability to gain a deeper understanding of how their customers act online, define their general demographics, and pinpoint opportunities to enhance the customer experience is perhaps the main reason why so many businesses gather consumer data.

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Related Questions

Large economies, such as the u.s. economy, should ______ adopt a flexible exchange rate, because giving up the power to stabilize the domestic economy via monetary policy _____.

Answers

It makes little sense for large economies, like the US economy, to give up the ability to stabilize the domestic economy through monetary policy, hence they should almost always choose a flexible exchange rate.

The United States' monetary policy includes those that control the creation and printing of money, the legal exchange of money, demand deposits, the amount of money in circulation, and other topics. The monetary authority in the US is the central bank, also referred to as "The Fed," or The Federal Reserve System.

Although the United States is unique in that the monetary policy responsibility is eventually shared with the United States Treasury, the Federal Reserve's board of governors and the Open Market Committee are the primary decision-makers in that country (US Treasury Securities).

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Which examples demonstrate common Production work environments? Check all that apply.

Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.


((answer: A, B, E))

Answers

Answer:

The answer is A,B,E

Explanation:

Jus took the test and got a 100

The examples that demonstrate common production work environment are:

Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshop

What is Production work environment?

Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.

The above means that production work environment is where people carry out assembling work, production work, etc.

Hence, the examples that demonstrate common production work environment are:

Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshop

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Why would Mexico’s government create barriers to international trade?

Answers

Answer:

Explanation:

Normally the two main reasons for an international trade barrier to be implemented is so that a precious good/resource is maintained and protected within the borders or in order to retaliate against a trade partner for something. Therefore Mexico most likely would implement a trade barrier for one of these two reasons. Most likely another trade partner has increased the Mexican import fees for one of their products, and as retaliation, Mexico would place a trade barrier on one of the goods that "that" specific country requires.

what are the ""different en glishes"" (para. 3) tan describes in this essay? how does each have its own type of power?

Answers

The "different Englishes" Tan describes in the essay refer to the different forms and varieties of the English language spoken by different communities and cultures around the world.

Each of these Englishes has its own unique dialect, pronunciation, vocabulary, and grammar that reflect the cultural, historical, and social background of the speakers.

Each of these different Englishes has its own type of power, as they reflect the power dynamics of the communities and cultures they are used in. For example, a standard English, widely used in official and formal settings, has a greater degree of power and prestige as it is often associated with education and wealth. On the other hand, a non-standard English, spoken by marginalized communities, may have less power and prestige, but still holds cultural significance and reflects the identity of the speakers.

Overall, the different Englishes have the power to shape our perceptions and attitudes towards different cultures and communities, and to reflect the power dynamics that exist within society.

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all of the following except one are economic factors currently being studied by fashion professionals to predict consumer demand. it is:

Answers

With the exception of a steady price level, all of the following factors influence economic growth.

The increase or improvement in the market value of the goods and services produced by an economic growth within a specific fiscal year, after accounting for inflation, is referred to as economic growth.

Statisticians have often determined growth as a percentage of real gross domestic product, or real GDP.

Growth is often measured in real terms, that factors  is, terms that take inflation into account, to eliminate the distortion that inflation has on the price of produced goods.

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The owner of a landscaping business has noticed that none of his competitors are including ponds or other water features in the gardens they create. The landscaper wants to determine the viability of this business opportunity What should this entrepreneur do FIRST before offering to design and build water features as part of his landscaping business? оооо

Contact the water department to see if they can support the extra demand for water.

Ask the customers in the area if they are interested in adding a water feature to their gardens.

Determine if there is a supply chain available. Perform a financial audit to determine if there is

enough money available to add the new service.​

Answers

What the entrepreneur should  do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.

Landscaping

Since none  of his competitors are including ponds or other water features in their  gardens.

When determining the viability of the business opportunity the first step is for the owner of the landscaping business to all ask the customers in the area whether they are interested in  adding a water features to their garden.

Inconclusion what the entrepreneur should  do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.

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Answer:

Ask the customers in the area if they are interested in adding a water feature to their gardens...

Explanation:

9. Search costs are
(1) The point at which quantity demanded
and quantity supplied are equal.
(2) The financial and opportunity costs
consumers pay when looking for a good or
service.
(3) A situation in which quantity supplied is
greater than quantity demanded; also
known as excess supply.
(4) A situation in which quantity demanded
is greater than quantity supplied; also
known as excess demand.

Answers

Answer:

The answer is the second one

Explanation:

Hopes this helps

using accrual accounting, expenses are recorded and reported only. true/false

Answers

False. Using accrual accounting, both revenues and expenses are recorded and reported. Accrual accounting recognizes revenues when they are earned and expenses when they are incurred, regardless of when the cash is actually received or paid.

This means that expenses are recorded and reported even if the payment for those expenses has not yet been made.

For example, if a company receives a bill from a supplier for goods received but has not yet paid for those goods, the expense is still recognized and recorded in the company's financial statements in the period in which the goods were received, even if the payment is not made until a later period. This is in contrast to cash accounting, which only records revenues and expenses when the cash is received or paid.

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You are tasked with determining whether a new government program is ethical. You are aware of a series of questions that can be used to determine whether an action is ethical, and you decide to use the ethical principle of beneficence to answer one of the questions. This principle is best suited to answer the question: a. Is the risk significant?
b. Is the program cost-effective?
c. Is there a more restrictive alternative?
d. Is the program fair to traditionally under-represented groups?

Answers

The ethical principle of beneficence is best suited to answer the question: "Is the program fair to traditionally under-represented groups?"

Beneficence focuses on promoting well-being, maximizing benefits, and ensuring fairness in the distribution of resources and opportunities. When evaluating the fairness of a government program towards traditionally under-represented groups, the principle of beneficence helps in determining whether the program is designed to address existing disparities and promote equal opportunities.

By applying the principle of beneficence to this question, we can assess whether the program provides adequate support, resources, and opportunities to traditionally marginalized or disadvantaged groups. It enables us to evaluate if the program considers the unique needs, challenges, and historical disadvantages faced by these groups and actively works towards reducing inequities. Evaluating fairness through the lens of beneficence helps ensure that the program promotes social justice and equality for all members of society.

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Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way
to his new workplace. Jackson does not have a lot of money saved and makes a modest salary. He plans on moving up in
the company to a higher paying position in the next few years and will likely upgrade to a better car as a testament to his
success. Should he buy or lease a new car?

Answers

Answer:

he should lease

Explanation:

If he were to but a new car it would most likely be more expensive than if he were to lease.

In the conditions as given above, it would be ideally, advisable and financially wise for Jackson to lease a new car as a testament of his success.

What is a lease?

A lease is a mixture of rent and purchase, where a person opts for a product or a service upon payment of the same as per the conditions and terms of the lease agreement.

Leasing is a financially-viable decision, as purchase requires either a payment in lump sum, or a loan where interest is to be paid over the amount of purchase. Thus, Jackson must opt for a lease.

Hence, the significance of a lease is aforementioned.

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Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?​

I got it
is retail trade
and 7%

Answers

Answer:

I. Retail industry

ii. 7%

Explanation:

Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.

Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc

In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.

Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.

Answer:

Retail Trade

7%

Explanation:

Edge 2020

David, the manager of a bookstore, prefers to directly point out other's mistakes. Some employees see his communication style as rude and
aggressive. Which of the following can cause such a conflict?
O Concern over job security
Lack of trust
Differences in work styles
Diversity in the workplace

Answers

Answer:

Differences in work styles

Explanation:

Conflicts are serious disagreements. They arise from differences in ideas, opinions, methodology, or actions. Conflicts create tensions and may lead to verbal or physical violence if unresolved.

David, as the manager, has his style of working. The employees under him may have different methods of performing their roles. If David does not appreciate his junior ways of working, there could be tension and unnecessary conflicts.

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

I believe it’s all of the above

Answer:

unemployment!

discuss the audit risk model and ascertain which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality.

Answers

The risk of sampling is the possibility that the auditor's findings based on a sample may differ from those reached if the audit process were applied to the entire population. The auditor can manage the risk of sampling error.

The risk that the sample is not representative of the population for the audit application by using statistical methods as a framework for planning and evaluating the outcomes of specific audit procedures. All audit process outside of sampling risk are referred to as non sampling risk. Or, to put it another way, nonsampling risk is the likelihood of drawing the wrong conclusions even when using a valid sample.

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A multiple predetermined overhead rate system is more accurate than a plantwide overhead rate system because it ______. Multiple choice question.

Answers

A multiple predetermined overhead rate is more accurate because it shows the way cost is incurred by various departments.

Multiple Predetermined Overhead Rates These are rates used to calculate production overhead. They reflect each individual department involved in production.

This is better than a plantwide overhead rate which simply reflects a single overhead rate for the entire company regardless of the fact that each department incurs costs differently and so should be accounted for differently.

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6. in its relatively short life span, uber has attracted a lot of media attention. why is this? what is it about the uber business model that is both compelling and polarizing? in addition, why has uber managed to achieve such a high valuation? what are the pros and cons of a high valuation?

Answers

In general, media attention stems from both being famous and being infamous. Uber attracts media attention not only because it has become one of the most innovative taxi services of all time, but also because its aggressiveness

Some of its policies are frequently scrutinized and criticized by people. This results in a compelling and divisive view of Uber. Uber is no longer just the on-demand cab service we once knew.

It has also dabbled in other areas, such as Uber Eats (on-demand food delivery) and Uber Freight (on-demand trucking).

To keep things simple, we'll concentrate on Uber's core business of ridesharing - its business model and how it makes money. To put it simply, Uber is a digital aggregator app platform that connects passengers in need of a ride from point A to point B with drivers willing to serve them.

"Passengers" create demand, "Drivers" supply demand, and "Uber" acts as the marketplace/facilitator to make it all happen on a mobile platform. Uber's model has enabled it to generate strong value propositions for both passengers and drivers to join its platform and disrupt the taxi/cab industry.

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Identify and explain one advantage and one disadvantage of leasing all the equipment used in the business.

Answers

Answer:

Advantage Is You Save Money, Disadvantage Is The Way That There's Not Enough Or Its Not Good Enough

Explanation:

Basically Yea

suppose you are trying to switch banks or open a brand new credit card. which strategy will likely lead to the worst long-term outcome?

Answers

Look for introductory discounts or sign-up bonuses that will make the product affordable.

How do you use discounts to draw clients in?

Discount System

Offer a particular incentive to attract new visitors.Reward dependable customers.improve earnings over the Christmas season.Take Advantage of Savings on New Products.Reduce the quantity of cart abandonments.Reward loyal consumers who bring you new business.Visitor Retargeting with a Custom OfferOffer subscription discounts.

How do salespeople convince customers to make purchases?

Discounts Have a Hurry Feeling. When discounts are provided, customers are encouraged to purchase more rapidly. This is in part because consumers are aware that, due to the concept of scarcity, there aren't always discounts available to help them save money.

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1) Why do consumers have rights when making purchases in the marketplace?

A) Consumers need to be encouraged to spend more money.

B) Consumers face many more government regulations than producers.

C) Consumers are more important to the economy than producers.

D) Fairness and honesty are vital to a healthy economy.

Answers

Answer:

a

Explanation: i got it right

What is one output of enterprise strategy formulation?

Portfolio Governance
Portfolio Budgets
Portfolio Vision
Portfolio Canvas

Answers

The one output of enterprise strategy formulation is Portfolio Budgets.

What two results does the enterprise strategy formulation produce?

The adaption in Figure 3 identifies two outputs—portfolio budgets and strategic themes—that the company needs to relate strategy to execution. It also emphasizes the inputs into strategy.

The process of formulating a strategy involves using the knowledge already at hand to record the anticipated course of a firm and the practical procedures to achieve its objectives. This procedure is used to allocate resources, set priorities, align the entire organization, and validate business objectives.

Therefore, option B is correct.

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What causes the gross domestic product to go up?

A.) a rising unemployment rate
B.) more investment in businesses
C.) a reduction in exports
D.) less government spending

Answers

Answer: B

Explanation: No

More investment in businesses causes the gross domestic product to go up. Thus, option 'B' is the correct option.

What is the gross domestic product?

Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.

To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP may also be quantified.

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Consider the production functions given below: a. Suppose that the production function faced by a 30-weight ball bearing producer is given by Q = 46°299 where MPX = 2K and MP, = 26" Do both labor and capital display diminishing marginal products? Find the marginal rate of technical substitution for this production function. (Hint: The MRTS MP/MP Does this production function display a diminishing marginal rate of substitution? 1. Suppose that the production function faced by a 40-weight hall bearing producer is given by Q = 42, where MPE-41 and MP, = 4K. Do both labor and capital display diminishing marginal products? Find the marginal rate of technical substitution for this production function. Does this production function display a diminishing marginal rate of substitution? c. Compare your answers to (a) and (b). Must labor and capital display diminishing marginal products in order for the MRTS to diminish?

Answers

Both production functions and determine if labor and capital display diminishing marginal products, find the marginal rate of technical substitution (MRTS), and see if there's a diminishing marginal rate of substitution.

a) Production function: Q = 46°299, MPx = 2K, MPy = 26°

Since MPx and MPy are constants, neither labor nor capital displays diminishing marginal products, as the marginal product of each input does not decrease as the quantity of the input increases.

MRTS = MPx/MPy = 2K / 26°

The MRTS is also constant, so this production function does not display a diminishing marginal rate of substitution.

b) Production function: Q = 42, MPx = 4K, MPy = 41

Since MPx is proportional to K and MPy is constant, labor does not display diminishing marginal products, but capital does.

MRTS = MPx/MPy = 4K / 41

In this case, the MRTS decreases as K increases, so this production function displays a diminishing marginal rate of substitution.

c) Comparing answers (a) and (b), we can see that it's not necessary for both labor and capital to display diminishing marginal products in order for the MRTS to diminish. In example (b), capital displayed diminishing marginal products, and the MRTS was diminishing.

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Can someone explain in full detail the difference between
Comparative vs absolute advantage
I'm not 100% sure what they fully mean.
Why do people trade if they have a comparative advantage?

Answers

In economics, both comparative advantage and absolute advantage explain how two countries or individuals benefit from trading, but in different ways.

The difference between comparative vs absolute advantage:

Comparative advantage: It is when one country can produce a good or service at a lower opportunity cost than another country. In other words, it means producing a product with the least amount of resources. It allows a country to specialize in the production of goods and services in which it has a lower opportunity cost, which in turn increases efficiency and total output.

For instance, if country A can produce rice and wheat at a lower opportunity cost than country B, it has a comparative advantage in the production of rice and wheat. So, it should specialize in the production of rice and export it to country B in exchange for wheat. This way, both countries can benefit from trading.

Absolute advantage: It refers to the ability of a country to produce a good or service using fewer resources than another country. A country with absolute advantage can produce more of a good with the same amount of resources than other countries. In other words, it means producing more with the same amount of resources.

The concept of absolute advantage was developed by Adam Smith, a Scottish economist. Smith argued that countries should specialize in the production of goods and services in which they have an absolute advantage.For instance, if country A can produce both rice and wheat using fewer resources than country B, it has an absolute advantage in the production of both products. In this case, country A should produce both rice and wheat and trade with country B, which may specialize in other products. This way, both countries can benefit from trading.

People trade because of comparative advantage. When a country specializes in the production of goods and services that they have a comparative advantage in, it leads to more efficient production. Countries can produce goods at a lower cost, which increases total output. By trading with other countries, they can get goods that they cannot produce themselves at a lower cost. This way, both countries can benefit from trading, and it can lead to increased welfare for both countries.

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Why is the Federal Reserve so important? What services do they offer?

Answers

The Federal Reserve is important because it is the central bank of the United States and is responsible for managing the nation's monetary policy.

The Federal Reserve's policies can affect interest rates, inflation, employment, and economic growth. The Fed also serves as a lender of last resort during times of financial crisis, providing liquidity to banks and other financial institutions to help prevent economic collapse. The Fed also maintains the stability of the financial system by supervising and regulating banks and other financial institutions to ensure their safety and soundness.

Finally, the Federal Reserve plays an important role in promoting financial stability and consumer protection through its oversight of consumer lending and its role as a watchdog for systemic risks in the financial system. Overall, the Federal Reserve plays a crucial role in promoting economic growth, stability, and prosperity in the United States.

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If the state of Texas has a lower opportunity cost for producing beef compared to Alaska, then... Texas has a comparative advantage in beef and should just produce beef for itself and not export to other states like Alaska. Texas has an absolute advantage in beef and should share expertise with Alaska so they can develop an absolute advantage as well. Texas has a comparative advantage in beef, and Alaska should purchase beef from Texas. Texas has an absolute advantage in beef, and Alaska should purchase beef from Texas. Absolute advantage refers to the ability to produce more and not necessarily the ability to produce at a lower opportunity cost. Learning Objective: Define comparative advantage

Answers

Texas has a comparative advantage in beef, and Alaska should purchase beef from Texas."
Comparative advantage is the ability of an individual, company, or country to produce a specific good or service at a lower opportunity cost than another individual, company, or country.

In this scenario, Texas has a lower opportunity cost for producing beef compared to Alaska. This means that Texas can produce beef at a lower cost than Alaska can. Therefore, Texas has a comparative advantage in beef production.

As a result, it would be beneficial for Alaska to purchase beef from Texas, as it would be cheaper for Alaska to buy beef from Texas than to produce it themselves. This would allow Alaska to allocate their resources to other areas where they have a comparative advantage.

Overall, the key takeaway from this scenario is that when one entity has a lower opportunity cost for producing a specific good or service, they have a comparative advantage and should specialize in producing that good or service. Other entities should then purchase that good or service from the entity with the comparative advantage, as it would be more cost-effective for them to do so.

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To buy a product, customers in a market must first

Answers

To buy a product, customers must first have the need for the product.

Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.

Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.

Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.

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what important change to ratings systems have many broadcasters demanded, in order to present a fuller picture of a show's total audience?

Answers

Accounting for multiplatform and nonlinear tv viewing important change to ratings systems have many broadcasters demanded, in order to present a fuller picture of a show's total audience.

For what reason are evaluations essential to television?

Evaluations successfully characterize the number of individuals that tuned in against assumptions - a kind of 'crowd meter. ' Evaluations have customarily been utilized by Broadcasting companies to show promoters the degree of commitment their programming accomplishes, presenting a more prominent defense in dealings while selling promotion spaces.

How are not set in stone?

In numerous nations, including the US, the Nielsen Organization involves in-house gadgets that track the survey propensities for large number of individuals. These numbers address what normal individuals of a specific age and orientation watch, which then demonstrates the quantity of watchers who most likely watch a specific show.

What was the essential justification behind the breakdown of the TV sponsorship framework?

Early TV, as early radio, had just a single publicist that normally supported a solitary program. Especially after the test show outrages of the last part of the 1950s had uncovered the risk of such a plan of action, the organizations disposed of that configuration and changed to numerous enterprises buying plugs.

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at december 31, 2022, the trial balance of metlock, inc. contained the following amounts before adjustment

Answers

A trial balance is a statement of all the balances in a company's accounts. It lists all the ledger accounts, their balances, and whether they are debit or credit balances. The purpose of the trial balance is to ensure that the total of all debit balances in the ledger equals the total of all credit balances.

Now, coming back to the question, the amounts before adjustment at December 31, 2022, for Metlock, Inc. are not mentioned. However, assuming that you have those amounts, the next step is to make adjusting entries. Adjusting entries are made to ensure that the financial statements reflect accurate and up-to-date information. For example, adjusting entries can include accruals for revenue and expenses, prepaid expenses, and depreciation.

After making the adjusting entries, the adjusted trial balance is prepared, which reflects the updated balances of all the ledger accounts. This adjusted trial balance is then used to prepare the financial statements, including the income statement, balance sheet, and statement of cash flows.

In conclusion, the trial balance at December 31, 2022, is a starting point for preparing the financial statements. Adjusting entries are made to ensure that the financial statements reflect accurate and up-to-date information, and the adjusted trial balance is used to prepare the financial statements.

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Gundrum company purchased equipment on january 1, 2015 for $899,800. the equipment was expected to have a useful life of 10 years and a salvage value of $27,000. gundrum uses the straight-line method of depreciation. at the beginning of 2020, gundrum determined the total estimated life of the equipment was 13 years and the residual value would be $10,200 at the end of that time.
Required:
Prepare any entry needed in 2020 to account for this change.

Answers

The net effect of the adjusting entry is to increase the accumulated depreciation by $198,806, which is the difference between the old and new accumulated depreciation.

When Gundrum company determined that the total estimated life of the equipment was 13 years and the residual value would be $10,200 at the end of that time, they needed to adjust the depreciation expense and accumulated depreciation for the remaining years.

The adjustment is made to account for the fact that the equipment will now be in use for a longer period of time and will have a lower salvage value at the end of its useful life.

To make the adjustment, Gundrum company should first calculate the remaining depreciable base of the equipment, which is the original cost minus the accumulated depreciation up to the beginning of 2020. The depreciable base is $899,800 - ($899,800 / 10 x 5) = $449,900.

Next, Gundrum company should calculate the new annual depreciation expense using the remaining depreciable base, the remaining useful life of the equipment, and the new salvage value. The new annual depreciation expense is ($449,900 - $10,200) / 8 = $54,225.

Finally, Gundrum company should make an adjusting entry to record the change in the estimated useful life and salvage value of the equipment. The entry should debit the accumulated depreciation account for the amount of depreciation expense that would have been recognized in the first five years using the old estimate

($899,800 - $27,000) / 10 x 5 = $414,900)

and credit the accumulated depreciation account for the amount of depreciation expense that should be recognized in the first five years using the new estimate ($449,900 - $10,200) / 8 x 5 = $216,094.

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during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Answers

Given:

Price of one share in 1980 = $\(17\dfrac14\)

Price of one share in 1989 = $\(56\dfrac18\).

To find:

How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Explanation:

Using the given information,

Change in the value of each share = \(56\dfrac18-17\dfrac14\)

                                                          = \(\dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}\)

                                                          = \(\dfrac{449}{8}-\dfrac\dfrac{69}{4}\)

                                                          = \(\dfrac{449-138}{8}\)

                                                          = \(\dfrac{311}{8}\)

Value of one share increased by $\(\dfrac{311}{8}\).

Value of 100 shares increased by = \(100\times \dfrac{311}{8}\)

                                                        = \(\dfrac{31100}{8}\)

                                                        = \(\dfrac{7775}{2}\)

                                                        = \(3887.5\)

Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.

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