Answer:
The correct answer is letter "A": chronological.
Explanation:
Chronological resumes are useful for individuals with vast experience because it helps them list their most relevant academic and work background in the order they happened which could let recruiters see the professional growth curve of the applicant.
Even if there might be plenty of information to be included, applicants must only submit their most relevant experience in two pages as maximum.
$2712000 are the creditors’ claims on their assets.
The given assets = $4393000, common stock = $1077000, retained earnings = $604000, creditor's = ?
libilities = assets
creditors + common stock + retained earnings = assets
creditors + $1077000 + $604000 = $4393000
creditors + $1681000 = $4393000
creditors = $4393000 - $1681000
creditors = $2712000
Hence, creditors' claim on their assets is $2712000.
Still, a car is an assets if it's cheaper than what you paid for it because it's readily available on the market and can be turned into cash. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.
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Answer:
The depreciation for the first year is $75,000
Explanation:
In working hours method the depreciation on a fixed asset is charged using the ratio of numbers of hours utilized by the asset in a period and lifetime working capacity in hours.
First, we need to calculate the Depreciable value
Depreciable value = Cost of Asset - Salvage value = $315,000 - $15,000 = $300,000
Depreciation = Depreciable value x Numbers of hours worked / Total working capacity of Asset = $300,000 x 25,000 / 100,000 = $75,000
Answer:
The answer is: A) The new machinery can be depreciated using the same method or different method than the previously purchased machinery
Explanation:
Their is no rule that requires a business to always use the same depreciation method for the assets they purchase.
The most common depreciation methods include:
- Straight-line.
- Double declining balance.
- Units of production.
- Sum of years digits.
Depending on the asset a business may consider one depreciation method that better suits it, and another depreciation method for their other assets.
Answer:
The answer is A. Taxonomic categories
Explanation:
Taxonomy can be defined as the system of classification of various things based on their similarities or differences.
In the question above, cookies, crackers and potato chips are different products, but they all share a similarity, which is that they're all snack foods and therefore are under the same taxonomic category.
