The deliverate ebay overpricing hobby?
The object of the winter sport is to find out how much money people are prepared to refuseHere are the rules:
You must find an item that you feel is not worth much, but also know that relatives will pay loads for it. i.e. an autographed shirt or a recent console winter sport in "good" condition.
Once you've found this item, you bid the lowest possible bid. The likelihood are you'll automatically be outbid.
This is where the spectator sport begins, bare in mind you don't really want to consume too much money, as the only reward is seeing morons hold to pay more than they obligation to for some worthless item.
Keep bidding until you feel you've reach the current bidders highest bid, this is simply something you'll have to guess.
If you are the elevated bidder and you win the item, you've lost the game, so build sure the item is something you may find useful because you may run out up buying it for more than you care for.
Answers: What is one man's unwanted items is another man's treasure. It sounds like that someone outbid you on eBay, and that you are a sore loser. But if you are so bored that you bid on stuff that you don't in actual fact want to win, then please take a job. Enough relations are on welfare as it is.
I suppose if you really wanna play, you should use a computer that is not tied to you. The public library is apt. Bid however it drives up the amount, and if you should happen to win on your library computer, next to a fake free e-mail address, and replicated name and address contained by the e-bay files, then who care? Of course, you would have still lost, but so did they. This also works near items you listed yourself. Drive up your own income.
If I'm bidding on this auction when you verbs this crap, I'll send impossible "ju-ju" to you through the universe.
Accounting problem minister to please?
Murgatroyd Co. purchased equipment on 1/1/04 for $500,000, estimating a four-year useful existence and no residual value. In 2004 and 2005, Murgatroyd depreciated the asset using the sum-of-years'-digits method. In 2006, Murgatroyd changed to straight-line depreciation for this equipment. What depreciation expense would Murgatroyd charge for the year 2006 on this equipment?A) $75,000
B) $125,000
C) $150,000
D) None of the above is correct.
Answers: Sum of years' digits method over 4 yrs:
4
3
2
1
----
10
===
In yr 1, 2004, depn be 4/10 x $500k = $200,000
In yr 2, 2005, depn was 3/10 x $500k = $150,000
Total depn $350,000
When you variation an accounting policy (called accounting principle in the US), the treatment is retrospective, you shift back and recalculate the depn as if you'd be using the new method adjectives along. Under the straight line method, respectively yr's depn wld have be $125,000 so that by end 2006 (3 yrs), total depn wld own been $125,000 x 3 = $375,000. But within your books, your accd depn after 2 yrs was $350,000, so for the 3rd yr, 2006, you individual need to charge $25,000 to depn to bring the accd depn up to $375,000. The answer is $25,000, none of the above.
Accounting??
PART IV—ADJUSTING ENTRIESThe ledger accounts given below, with an permit number for each, are used by Tyler Company.
Instructions: Prepare appropriate adjust entries for the year ended December 31, 2005, by replacing the appropriate passport number(s) in the debit and credit columns provided and the dollar amount contained by the adjoining column. Item 0 is given as an example.
1. Notes Receivable 10. Unearned Service Revenue
2. Accounts Receivable 11. Notes Payable
3. Interest Receivable 12. Interest Revenue
4. Supplies 13. Service Revenue
5. Prepaid Insurance 14. Depreciation Expense—Equipment
6. Equipment 15. Salaries Expense
7. Accumulated Depreciation—Equipment 16. Interest Expense
8. Salaries Payable 17. Supplies Expense
9. Interest Payable 18. Insurance Expense
——————————————————————————————————————...
Account(s) Account(s) Dollar
Entry Information Debited Credited Amount
——————————————————————————————————————...
0. Interest of $500 is accrue on a note 3 12 $500
receivable at December 31, 2005.
——————————————————————————————————————...
1. Tyler has three workers who earn $120 per $
day per person. At December 31, four days'
salaries hold been earn but not paid.
——————————————————————————————————————...
2. Tyler purchased equipment costing $48,000 on $
January 1, 2004. Monthly depreciation is $1,000.
——————————————————————————————————————...
3. Tyler started the year beside no supplies on hand. $
They purchased $8,000 within supplies during the year
and have $2,000 on foot at December 31. Supplies
were debited to an asset article when purchased.
——————————————————————————————————————...
4. Tyler borrowed $20,000 by signing a three-month, $
12% interest, note payable on November 1, 2005.
——————————————————————————————————————...
PART IV—ADJUSTING ENTRIES
Account(s) Debited Account(s) Credited Amounts
1
2
3
4
Answers: 1.Tyler have three employees who earn $120 per
daylight per person. At December 31, four days'
salary have be earned but not salaried
Dr Salaries expense 1,440
Cr Salaries payable 1,440
2.Tyler purchased equipment costing $48,000 on
January 1, 2004. Monthly depreciation is $1,000
Dr Depreciation Expense—Equipment 12,000
Cr Accumulated Depreciation—Equipment 12,000
3.Tyler started the year with no supplies on mitt.
They purchased $8,000 in supplies during the year
and enjoy $2,000 on hand at December 31. Supplies
be debited to an asset report when purchased
Dr Supplies expense 6,000
Cr Supplies 6,000
4.Tyler borrowed $20,000 on November 1, 2005 by signing a three-month, 12% interest note payable
Dr Interest expense 400
Cr Interest payable 400
(being interest on $20k at 12%p.a. for 2 mths)
This is pretty simple homework stuff. Shouldn't take you long at adjectives to knock it out, if you've been involved in class.