Answer:
<em>If two similar properties are for sale, a buyer will purchase the cheaper of the two</em>
Explanation:
This principle states <em>a property's maximum value is usually determined by the cost of purchasing an equivalent substitute property having the same usage, design, and income.</em>
For instance, why would someone pay $1,000,000 for an apartment when they could buy a different but equally desirable house for just $750,000 in the same area?
Answer and explanation:
Direct labor rate variance contrasts current direct labor costs over the same duration of service with usual direct labor costs. Favorable fluctuations in the labor rate can be caused by hiring more unskilled workers, reducing the minimum wage, and inappropriately setting indirect labor costs.
Answer:
First Year Depreciation: 12,400
Second Year Depreciation: 7,440
Explanation:
![\left[\begin{array}{ccccc}Year&Beginning\:Book&Dep \:Expense&Acc\:Dep&Ending\:Book\\0&-&-&-&31000\\1&31000&12400&12400&18600\\2&18600&7440&19840&11160\\3&11160&4464&24304&6696\\4&6696&2678.4&26982.4&4017.6\\5&4017.6&2017.6&29000&2000\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7DYear%26Beginning%5C%3ABook%26Dep%20%5C%3AExpense%26Acc%5C%3ADep%26Ending%5C%3ABook%5C%5C0%26-%26-%26-%2631000%5C%5C1%2631000%2612400%2612400%2618600%5C%5C2%2618600%267440%2619840%2611160%5C%5C3%2611160%264464%2624304%266696%5C%5C4%266696%262678.4%2626982.4%264017.6%5C%5C5%264017.6%262017.6%2629000%262000%5Cend%7Barray%7D%5Cright%5D)
To calculate each period depreciation we multiply the book value by the double-declining rate of 2/5
At the last year, you will depreciate until salvage value is reached.
Answer:
a. 274
b. 295
Explanation:
a. Optimum Order
Optimum Order = √( (2×Total Annual Demand×Ordering cost per order) / Holding Cost per unit)
= √ ((2×101×19×$39) / $2)
= 273.57
= 274
b. Optimum Order
Optimum Order = √( (2×Total Annual Demand×Ordering cost per order) / Holding Cost per unit)
= √ ((2×101×19×$39) / $8.20 ×0.21)
= 294.83
= 295
Answer:
B) money.
Explanation:
Characteristics of a negotiable instrument
- Property: the individual or company that possesses the instrument is also considered its owner. Order instruments, e.g. checks, must be endorsed for transfer of property.
- Title: the person that receives title of the instrument is called a transferee and is the holder in due course.
- Rights: the transferee can take legal action to claim the honoring of the instrument.
- Prompt payment: the due holder can anticipate prompt payment because dishonoring the instrument (not paying it) results in the "ruin of credit" of all parties involved in the instrument.
- Monetary value: instruments carry a specific monetary value and must be paid in money.
