Answer:
The depreciation expense for 2017 is $4,050
Explanation:
The company uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:
Annual Depreciation Expense = (Cost of asset − Salvage Value )/Useful Life = (
$103,500 - $22,500)/5 = $16,200
Depreciation Expense per month = $16,200/12 = $1,350
Crane Company places a new asset into service on October 1, 2017. In 2017, the asset has been used for 3 months
The depreciation expense for 2017 = $1,350 x 3 = $4,050
Answer:
False
Explanation:
The scenario described above is called Showrooming, where customers just go to a store to find out about various products. They do not buy and look for alternative cheap options.
On the other hand, automated retailing occurs when products are stored in a machine that can dispense to customers.
An example is a soda vending machine.
Answer:
Cause marketing
Explanation:
Cause marketing -
It is the method of marketing , which performed to get profit in the business of the company by advertising , is referred to as cause marketing .
Cause marketing is performed by promoting certain products indirectly by some activists , is referred to as the cause marketing .
Hence , from the given scenario of the question,
The correct term is cause marketing.
Answer:
To make a balance sheet in Excel from T-accounts data follow the below steps.
Explanation:
To make a balance sheet in Excel from T-accounts data follow the below steps.
Add current assets by giving link to the T-accounts data for example click on the cell where Current assets amount is to be added as "Cash" write = in the cell and click on the amount of cash balance available at the T-accounts.
Apply same to all accounts.
Current assets will include cash and supplies, Current liabilities will include notes payable and accounts payable and non-current assets will include land and equipment and common stocks will be added in equity.
Total current assets total will be calculated by writing "=SUM" then select the cells that needs to added together and press enter.
Apply same to all head accounts.
