Answer:
We find the amount in accumulated depreciation by finding the depreciable value:
Asset Cost - Residual Value = Depreciable Value
$15,000 - $3,000 = $12,000
Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:
$12,000 / 2 = $6,000
<span>Product leadership refers to companies that pride themselves on quality and innovation.
Product leadership refers to the fact that there are some companies which produce great products which are sold everywhere and most people buy them, which makes that company the leader on the market.
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Answer:
Notifying Serena of any material changes
Explanation:
With Serena now serving as their (Mark and debbie Calhoun) agents, it is paramount that Serena (the agent) be notified about any material changes made by the buyers. The buying agents (in this case Serena) is an individual or organization that is responsible for purchasing goods or property on behalf of another person. They are usually license professionals who search and undergo the purchasing procedure of products that their clients is interested in owning.
Answer:
The explicit cost of flight includes cost of fuel, maintenance cost, payment to pilot.
Explanation:
The explicit costs are the direct costs incurred during the process of production or business. Here, the payments made to the pilot will be a variable cost, the cost of fuel, etc will be explicit cost.
The marginal explicit cost is the increase in the explicit cost with an additional output. The incremental cost of flight correctly determines the marginal explicit cost.
Opportunity cost is the cost of sacrificing the alternative. Here, the marginal opportunity cost will be the revenue that the firm would have earned by renting the flight to other firms or individuals.
