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Tutor profile: Sean M.

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Sean M.
Accounting Tutor
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Questions

Subject: Basic Math

TutorMe
Question:

5x + 2(x + 7) = 14x - 7

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Sean M.
Answer:

5x + 2(x + 7) = 14x - 7 Distribute: 5x + 2x + 14 = 14x - 7 Consolidate: 7x + 14 = 14x -7 -7x = -7 Divide: x = 1

Subject: European History

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Question:

What had a greater impact on the Bolshevik revolution– their dedication to ideology , the social and economic demands of the general population, or something else (perhaps just a desire for power?

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Sean M.
Answer:

While ideology laid the foundation for the revolution's ethos, the actual course of the revolution and each successive phase of the USSR was a result of necessity and opportunism. Ideology has a limited amount of power to unite a group when its members disagree on fundamental issues and all interpret the nature of the political movement differently. Instead, the Bolsheviks were responding to a political climate and economy that favored their revolution at the time it happened. The Tsar had little support from the populace due to massive food shortages following World War I, and the nation was lagging behind industrially. The Bolsheviks capitalized on this weakness, and distributed propaganda promising a long-term vision of equality and productivity in exchange for the sacrifice of a short-term coup. The momentum of the October Revolution kept the country in a state of constant change. However, these changes weren't always in accordance with strict socialist ideology, such as the New Economic Plan, which allowed elements of capitalism to allow the economy to reach maturation before a transition to full-blown socialism. Other times, their practices were intended solely to maintain their own power, such as the scapegoating of intellectuals, Jews, and middle class peasants as an outlet to direct the anger of the proletariat towards. Lastly, the Bolsheviks and the USSR as a whole was built on a culture of being rewarded for unconditional loyalty to the state at the expense of others. Naturally, a state like this is bound to breed leaders that seek to remain in power at all costs, even internal factionalism and unrest like in Stalin's inner circle following his death. Therefore, decision-making under the Bolshevik revolution and the later regimes was largely influenced by the need to make socialism easier to stomach for the Soviet Union, a geographically vast and diverse state, in order to maintain the legitimacy of the socialist movement, domestically and abroad.

Subject: Accounting

TutorMe
Question:

Company X purchased a piece of equipment for $60,000 three years ago. The company uses straight line depreciation and recognizes no salvage value for the equipment. The useful life of the equipment was originally 12 years, but was revised to 6 years (3 years remaining). Journalize the entries for the purchase of the equipment, the depreciation expense last year, and this years depreciation expense.

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Sean M.
Answer:

1) Equipment 60,0000 Accounts Payable (or Cash) 60,000 2) Depreciation Expense 5,000 Accumulated Depreciation -- Equipment 5,000 Yearly Depreciation: $60,000 / 12 = $5,000 3) Depreciation Expense 20,000 Accumulated Depreciation 20,000 Explanation: New Estimate Depreciation: 60,000 / 6 = $10,000 Equipment NBV. Old Estimate New Estimate Y0- 60,000 60,000 Y1 - 55,000 50,000 Y2 - 50,000 40,000 Y3 - *30,000* Y2 NBV - Desired Y3 NBV 50,000 - 30,000 = 20,000 adjusting entry

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