Answer:
The remaining useful life of the plant asset is 2 years.
Explanation:
The depreciable cost of the asset is 44000 - 10000 = $34000
The straight line method charges a constant depreciation expense per year over the estimated useful life of the asset.
The depreciation expense per year is $3400.
The formula for straight line depreciation is,
Depreciation expense per year = (Cost - residual value) / estimated useful life
3400 = (44000 - 10000) / estimated useful life
3400 = 34000 / estimated useful life
Estimated useful life = 34000 / 3400 = 10 years
The accumulated depreciation has been charged for the amount of $27200. This represents a depreciation for 8 years.
27200 / 3400 = 8 years
Thus, the remaining useful life of the plant asset is 10 - 8 = 2 years
Without new products, Erik can market his current products only to his current market the same products to similar customers
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Explanation:</u></h3>
New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.
But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.
Answer:
A) Individuals have their personal belief systems.
Explanation:
Sonya and Amber work together in the Hong Kong corporate office.
They had similar backgrounds and education but couldn't agree on whether it is appropriate to offer bribes to Chinese officials for the purpose of expediting business transactions.
This ethical generalization illustrates that individuals have their personal belief systems.
Answer:
Jim C. Collins.
Explanation:
Jim C. Collins is a writer and researcher who identifies five levels of leadership: executive, effective leader, competent manager, contributing team member, and highly capable individual. He was an American writer, speaker and researcher born on the 25th of January, 1958. Most of his notable works were on organizational sustainability, business management and growth.
On the 16th of October, 2001, Jim Collins published a book on business management titled "Good to Great" where he talked about why some companies make the leap and others do not. Each of the five levels of leadership according to Jim Collins are;
1. Highly capable individual.
2. Contributing team member.
3. Competent manager.
4. Effective leader.
5. Great leader.
Aptitude is defined as the ability to learn a particular kind of job.