Answer: false
Explanation: The first statement in the given case is correct as accounting is based on determining net income. Whereas, the subject matter of finance is related to increase the value of the company and the value of its shareholders wealth.
Finance does not only focus on net income but it also focuses on other aspects like liquidity, future potential etc.
Hence the given statement is false.
Answer: Revoking once the performance begin is not possible.
Explanation:
Under the modern-day view, an offer that can only be accepted by completion of a specific act cannot be revoked once performance has begun.
Fredrick Taylor's work in management was instrumental in using engineering principles to the work performed on the factory floor. This way he established a discipline called Industrial Engineering.
Taylor was a mechanical engineer who wanted to improve efficiency in the industry. He is considered as the father of Scientific Management. Taylor supported giving management more power over the workforce. He set out to make a stronger separation between manual labor and mental(planning) labor (executing work). Management was required to create and provide to the workforce detailed plans that outlined the task and how it was to be completed.
Nevertheless, his system's implementation was frequently despised by the workforce, which led to repeated strikes.
Learn more about Fredrick Taylor's Scientific Management here:
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Answer:
$22,600; $5,650
Explanation:
Double-declining-balance method rate:
= (100% ÷ No. of years of life of assets ) × 2
= (100% ÷ 8) × 2
= 25%
1. 2020 depreciation expense:
= Assets cost × Depreciation rate
= $90,400 × 25%
= $22,600
2. 2020 depreciation expense:
= Assets cost × Depreciation rate
= $90,400 × 25% × 3/12
= $5,650
Answer:
Total= $54,578.17
Explanation:
Giving the following information:
Capstone Investments is considering a project that will produce cash inflows of $11,000 in year 1, $24,000 in year 2, and $36,000 in year 3.
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
Year 1= 11,000/1.12= 9,821.43
Year 2= 24,000/1.12^2= 19,132.65
Year 3= 36,000/1.12^3= 25,624.09
Total= $54,578.17
