Answer:
Traditional economy.
Explanation:
A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.
Upper-level management uses responsibility accounting <u>performance reports</u> to evaluate the effectiveness of lower-level managers in controlling costs and expenses and keeping within budgeted amounts.
A performance report is a file that a corporation creates to outline and degree its basic success. It presents an outline of ways the commercial enterprise is performing. To do that, overall performance reports in particular collects particular work performance information, analyze it, and offer guidelines to assist in making selections.
A performance report should compare results with regards to earlier years' consequences in order to reveal whether or not overall performance is strong, improving, or declining. To higher contextualize the performance facts with regards to ancient performance and objectives or dreams that might have been set.
Management is the administration of an organization, whether it's for an enterprise, a non-earnings organization, or a central authority body. it is the art and technological know-how of dealing with assets of the commercial enterprise.
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Based on the number of years that Jamie Lee wants to take the loan and the monthly payment, the maximum she is willing to pay is $17,100.
<h3>How much is the maximum that Jamie Lee wants to pay?</h3>
This can be found as:
= Maximum monthly payment x Number of months to pay
Solving gives:
= 285 x 5 years x 12 months a year
= 285 x 60 months
= $17,100
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Loans on possessions I think
Answer:
$7,326
Explanation:
Double Decline Balance = 2 x SLDP x SLDBV
where,
SLDP = Straight Line Depreciation Percentage
= 100 ÷ useful life
= 100 ÷ 20
= 5 %
and
SLDBV = Straight Line Percentage Book Value
Year 1
Double Decline Balance = 2 x 5% x $81,400
= $8,140
Year 2
Double Decline Balance = 2 x 5% x ($81,400 - $8,140)
= $7,326
Therefore
The machine's second-year depreciation using the double-declining balance method is $7,326.
