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3 years ago

How do developed countries maintain an advantage over

Business

1 answer:

maks197457 [2]3 years ago

6 0

Developed countries work on their industrialization more than developing countries by maintaining their industries up to date by introducing all recent techniques that help in growth.
They work on their ca-pita and GDP more as compared to developing countries.
Increase their literacy rate.
Make their infrastructure more and more powerful and up to date.
Develop more revenue by introducing new techniques and creating labs on which they research the feasibility analysis of techniques they can improve.
Make their standards of living more high.
Utilize their resources effectively and efficiently.
Make their birth and death rate as low as possible.

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Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid

mixer [17]

Answer:

$11,870

Explanation:

Given:

List price = $168,000

Discount = 10%

Shipping cost = $1,000

Sales tax = $6,500

Salvage value = $40,000

Useful life = 10 years

Now,

Purchasing price = List price - Discount

Purchasing price = $168,000 - [10% × $168,000]

Purchasing price = $168,000 - $16,800

Purchasing price = $151,200

Costs that are directly related to the purchase of asset are capitalized.

Thus,

Cost = Purchasing price + Shipping costs + Sales tax

Cost = $151,200 + $1,000 + $6,500

Cost = $158,700

Now,

Annual straight line depreciation = $\frac{Cost-Residual Value}{Useful life}$

Annual straight line depreciation = $\frac{158,700 - 40,000}{10}$

Annual straight line depreciation = $\frac{118,700}{10}$

Annual straight line depreciation = $11,870

8 0

2 years ago

How is it that people working in their own self-interest produce goods, services, and wealth for others?

Brums [2.3K]

Answer:

Explanation:

In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.

The way people can become wealthy by their own efforts is to sell what they produce to others. As the business grows, labor is hired to produce more. This is the 'invisible hand' concept that turns self-directed gain into social and economic benefits for all.

8 0

3 years ago

Activity-based costing accumulates overhead in one cost pool, then:_____.a. assigns the overhead to products and services by mea

Gekata [30.6K]

Answer:

c. allocates overhead to activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.

Explanation:

The activity based costing is the costing that helps to allocated the indirect cost or we can say the manufacturing overhead cost with the help of the many cost drivers or the many activity cost pools

Like if we allocate the setup cost so we have to allocated with the number of machine setups.

For the inspection cost, the number of inspections is required so that the allocation could be done

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3 years ago

As a contemporary manager, your employees will perceive that their opinions are more valued if:

sergij07 [2.7K]

The answer is this: employees would feel that their opinions matter if open communication is established between the manager and the employee by removing barriers to communication.

An example to this would be having brainstorming meetings where employees are free to give their ideas. Another option would be by eliminating the need to call the manager using suffixes such as Mr. or Dr.

3 0

3 years ago

If you bought a new truck for $40,000 for your auto parts delivery service, and you estimated that the truck would last you 200,

krok68 [10]

Answer:

First year depreciation expense is $2,250

Explanation:

Total depreciation expense is given by:

Price - Salvage Value = 40,000 - 4,000 = 36,000

That $36,000 depreciation expense would be spread out for 200,000 miles.

So for the first year in which the truck is used 12,500 miles, the depreciation expense will be

$\frac{36,000}{200,000}\times{12,500}{=2,250}$