Business

In 1987, Herman Moore Company completed the construction of a building at a cost of $2,660,000 and first occupied it in January 1988. It was estimated that the building will have a useful life of 40 years and a salvage value of $79,800 at the end of that time.

In 1987, Herman Moore Company completed the construction of a building at a cost of $2,660,000 and first occupied it in January 1988. It was estimated that the building will have a useful life of 40 years and a salvage value of $79,800 at the end of that time. Early in 1998, an addition to …

In 1987, Herman Moore Company completed the construction of a building at a cost of $2,660,000 and first occupied it in January 1988. It was estimated that the building will have a useful life of 40 years and a salvage value of $79,800 at the end of that time. Read More »

E11-12 (Depreciation Computation- Addition, Change in Estimate) In 1987, Herman Moore Company completed the construction of a building at a cost of $2,000,000 and first occupied it in January 1988. It was estimated that the building will have a useful life of 40 years and a salvage value of $60,000 at the end of that time. Early in 1998, an addition to the building was constructed at a cost of $500,000. At that time, it was estimated that the remaining life of the building would be, as originally estimated, an addition 30 years, and that the addition would have a life of 30 years and a salvage value of $20,000. In 2016, it is determined that the probable life of the building and addition will extend to the end of 2047, or 20 years beyond the original estimate. a. using the straight-line method, compute the annual depreciation that would have been charged from 1988 and through 1997. b. Compute the annual depreciation that would have been charged from 1998 through 2015. c. Prepare the entry, if necessary, to adjust the account balances because of the revision of the estimated life in 2016. d. Compute the annual depreciation to be charged, beginning with 2016.

E11-12 (Depreciation Computation- Addition, Change in Estimate) In 1987, Herman Moore Company completed the construction of a building at a cost of $2,000,000 and first occupied it in January 1988. It was estimated that the building will have a useful life of 40 years and a salvage value of $60,000 at the end of that …

E11-12 (Depreciation Computation- Addition, Change in Estimate) In 1987, Herman Moore Company completed the construction of a building at a cost of $2,000,000 and first occupied it in January 1988. It was estimated that the building will have a useful life of 40 years and a salvage value of $60,000 at the end of that time. Early in 1998, an addition to the building was constructed at a cost of $500,000. At that time, it was estimated that the remaining life of the building would be, as originally estimated, an addition 30 years, and that the addition would have a life of 30 years and a salvage value of $20,000. In 2016, it is determined that the probable life of the building and addition will extend to the end of 2047, or 20 years beyond the original estimate. a. using the straight-line method, compute the annual depreciation that would have been charged from 1988 and through 1997. b. Compute the annual depreciation that would have been charged from 1998 through 2015. c. Prepare the entry, if necessary, to adjust the account balances because of the revision of the estimated life in 2016. d. Compute the annual depreciation to be charged, beginning with 2016. Read More »

Suppose beef is selling at $40/cwt at the farm level and the farm-price elasticity of demand is -0.40. What would be the market-clearing price of beef if there was suddenly a 2 percent increase in beef supply? (Hint: Assume supply is perfectly inelastic and shifts rightward by 2 percent).

Suppose beef is selling at $40/cwt at the farm level and the farm-price elasticity of demand is -0.40. What would be the market-clearing price of beef if there was suddenly a 2 percent increase in beef supply? (Hint: Assume supply is perfectly inelastic and shifts rightward by 2 percent). Please provide proper explanation with chart …

Suppose beef is selling at $40/cwt at the farm level and the farm-price elasticity of demand is -0.40. What would be the market-clearing price of beef if there was suddenly a 2 percent increase in beef supply? (Hint: Assume supply is perfectly inelastic and shifts rightward by 2 percent). Read More »

In big cities, there are many small businesses producing and selling necessity goods and services (such as laundry services, hair salons, garage services, restaurants, fruit shops, bakeries, etc.) to serve the local citizens. The common problem of all the small businesses in the cities is that their products look quite similar and they are likely to engage in aggressive price competition. Each firm currently sets the same price level with each other. The demand function format is P(Q) = a, with a is a constant number (i.e. price level remains at “a” regardless any change in Q).

In big cities, there are many small businesses producing and selling necessity goods and services (such as laundry services, hair salons, garage services, restaurants, fruit shops, bakeries, etc.) to serve the local citizens. The common problem of all the small businesses in the cities is that their products look quite similar and they are likely …

In big cities, there are many small businesses producing and selling necessity goods and services (such as laundry services, hair salons, garage services, restaurants, fruit shops, bakeries, etc.) to serve the local citizens. The common problem of all the small businesses in the cities is that their products look quite similar and they are likely to engage in aggressive price competition. Each firm currently sets the same price level with each other. The demand function format is P(Q) = a, with a is a constant number (i.e. price level remains at “a” regardless any change in Q). Read More »

2. What is a “living wage”? Discuss the difference between the minimum wage and the living wage. Can they be the same?

2. What is a “living wage”? Discuss the difference between the minimum wage and the living wage. Can they be the same? EXPERT ANSWER The living wage is the amount of money necessary to maintain a reasonable standard of living. It should be sufficient to cover the costs of living in any place. It should …

2. What is a “living wage”? Discuss the difference between the minimum wage and the living wage. Can they be the same? Read More »

Critically discuss two recent developments in the international financial environment which appear to have impacted on Pepsi company’s recent performance and development. Analyze how these two developments are likely to impact on the company in the near future ?

Critically discuss two recent developments in the international financial environment which appear to have impacted on Pepsi company’s recent performance and development. Analyze how these two developments are likely to impact on the company in the near future ? EXPERT ANSWER PepsiCo, Inc. announced an ambitious global sustainability agenda designed to foster continued business growth …

Critically discuss two recent developments in the international financial environment which appear to have impacted on Pepsi company’s recent performance and development. Analyze how these two developments are likely to impact on the company in the near future ? Read More »

Question 1. This question has four parts: Analyze each of them and explain in not less than 250 words, what you understand of the key statement. Please ensure to provide a real life example for each of the statements, to illustrate your answers related to engineering, i) Engineering is an activity that is essential to meeting the needs of people, economic development and the provision of services to society. While bringing benefits, engineering activity has potential adverse consequences that involve wide-ranging or conflicting technical engineering and other issues. On the other hand, as engineers we aspire to be among the leaders in society, to be champions among leaders, and we need to be decision makers. ii) Engineering is an important and learned profession. As members of this profession, engineers are expected to exhibit the highest standards of honesty and integrity. Engineering has a direct and vital impact on the quality of life for all people. Accordingly, the services provided by engineers require honesty, impartiality, fairness, and equity, and must be dedicated to the protection of the public health, safety, and welfare. Engineers must perform under a standard of professional behaviour that requires adherence to the highest principles of ethical conduct. iii) Engineering ethics is a deterrent to bad practice and an inspiration to innovation and creativity. iv) Engineers shall build their reputation on merit and shall not compete unfairly.

EXPERT ANSWER 1) Engineering is a highly creative endeavour. Electric light was invented by Thomas Edison.Telephony was invented by Alexander Graham Bell. The Sydney Opera House was designed by Ove Arup. The World Wide Web was established by Tim Berners-Lee. Engineers are responsible for bringing ideas to life. Real life example : Environmental engineering is …

Question 1. This question has four parts: Analyze each of them and explain in not less than 250 words, what you understand of the key statement. Please ensure to provide a real life example for each of the statements, to illustrate your answers related to engineering, i) Engineering is an activity that is essential to meeting the needs of people, economic development and the provision of services to society. While bringing benefits, engineering activity has potential adverse consequences that involve wide-ranging or conflicting technical engineering and other issues. On the other hand, as engineers we aspire to be among the leaders in society, to be champions among leaders, and we need to be decision makers. ii) Engineering is an important and learned profession. As members of this profession, engineers are expected to exhibit the highest standards of honesty and integrity. Engineering has a direct and vital impact on the quality of life for all people. Accordingly, the services provided by engineers require honesty, impartiality, fairness, and equity, and must be dedicated to the protection of the public health, safety, and welfare. Engineers must perform under a standard of professional behaviour that requires adherence to the highest principles of ethical conduct. iii) Engineering ethics is a deterrent to bad practice and an inspiration to innovation and creativity. iv) Engineers shall build their reputation on merit and shall not compete unfairly. Read More »

Kiely Company Inc. has buildings that cost $1,000,000 with accumulated depreciation of $500,000 on December 31, Year 1. On that date Kiely Company determines that the market value of these buildings is $800,000. Kiely company wishes to carry buildings on the December 31, Year 1 balance sheet at a revalued amount. Kiely Company uses treatment 2 under the revaluation PPE method. Record the necessary journal entries for the elimination of accumulated depreciation and the entry to revalue the building.

Kiely Company Inc. has buildings that cost $1,000,000 with accumulated depreciation of $500,000 on December 31, Year 1. On that date Kiely Company determines that the market value of these buildings is $800,000. Kiely company wishes to carry buildings on the December 31, Year 1 balance sheet at a revalued amount. Kiely Company uses treatment …

Kiely Company Inc. has buildings that cost $1,000,000 with accumulated depreciation of $500,000 on December 31, Year 1. On that date Kiely Company determines that the market value of these buildings is $800,000. Kiely company wishes to carry buildings on the December 31, Year 1 balance sheet at a revalued amount. Kiely Company uses treatment 2 under the revaluation PPE method. Record the necessary journal entries for the elimination of accumulated depreciation and the entry to revalue the building. Read More »

Diamond Foods, a nut and snack company, was founded in 1912 by a group of cooperative walnut growers, known as “Diamond of California.” Over the years, Diamond Foods grew mostly by acquiring other brands, including Pop Secret, Kettle Foods, and Harmony Foods. Today, the company is owned by Snyder’s-Lance, Inc. and is headquartered in Charlotte, North Carolina. In addition to Diamond, the Snyder’s-Lance, Inc. product line includes the brands Cape Cod, Lance, Tom’s, eatsmart, Stella D’oro, Krunchers!, Late July, Archway, O-Ke-Doke, Pretzel Crisps, and Jay’s. There are currently 6,400 full-time employees and numerous notable competitors such as Kellogg’s, USA., Frito-Lay, USA Inc., and Mondelez International, Inc.

Case Study: Diamond Foods, a nut and snack company, was founded in 1912 by a group of cooperative walnut growers, known as “Diamond of California.” Over the years, Diamond Foods grew mostly by acquiring other brands, including Pop Secret, Kettle Foods, and Harmony Foods. Today, the company is owned by Snyder’s-Lance, Inc. and is headquartered …

Diamond Foods, a nut and snack company, was founded in 1912 by a group of cooperative walnut growers, known as “Diamond of California.” Over the years, Diamond Foods grew mostly by acquiring other brands, including Pop Secret, Kettle Foods, and Harmony Foods. Today, the company is owned by Snyder’s-Lance, Inc. and is headquartered in Charlotte, North Carolina. In addition to Diamond, the Snyder’s-Lance, Inc. product line includes the brands Cape Cod, Lance, Tom’s, eatsmart, Stella D’oro, Krunchers!, Late July, Archway, O-Ke-Doke, Pretzel Crisps, and Jay’s. There are currently 6,400 full-time employees and numerous notable competitors such as Kellogg’s, USA., Frito-Lay, USA Inc., and Mondelez International, Inc. Read More »