Answer:
The classical view of social responsibility is that managers today are employees with a primary responsibility to shareholders and their single focus should be on generating financial returns.
Explanation:
Answer:
Succession management
Explanation:
Succession management can be described as a process of identifying and training new individuals that will take on the role of new leaders. This is done inorder to replace the old leaders in the organisation when they eventually leave the company or retire.
Succession management is very essential because it helps to identify individuals that possess the right skills, experience and capabilities that is needed to move the organization to a higher level.
Succession management is very vital to ensure the continued success of the organization.
Hi there
The answer is
A. LIFO
the FIFO inventory costing method will produce a higher net income, and thus a higher tax liability, than the LIFO method
Hope it helps
To achieve this goal, you would most likely use <u>cookies</u>.
Answer: Option A
<u>Explanation:</u>
Cookies in the field of technology are used to recognise the user. Along with this it also keeps a track of the preferences of the user making it easier for the user to use the technology every time.
For the designer to recognise the users by their respective names every time they visit the website, the designer should make use of the cookies. It will also in store the names, addresses, email address, contact numbers etc of the users.
Answer:
1a. Straight line method year1 year2 year3 year4 year5
depreciation expense $14,000 14000 14000 14000 14000
b. Double declining balance 28000 28000 14000 0 0
2. FINANCIAL STATEMENT TEMPLATE FOR YEAR 1
Sales straight line double declining
less cost of sales
opening stock
+ purchases
- closing stock
+ depreciation 14000 28000
Explanation:
straight line depreciation = (cost -salvage value) / useful life
= ( $75,000 - $5000) / 5 years
double declining balance method = straight line * 2
= (100%/5yrs) *2
=40%
75000-5000=70000*40% = $28000
the cost of sales in straight line increases by 14000 and by 28000 in double reducing which results in high profits in straight line than in double declining
The depreciation of the machine in year 3 is supposed to be 28000 but the carrying value of the machine is 14000 therefore the full carrying amount is depreciation and in year 4 and 5 there is no depreciable amount hence the nil depreciation.
