Answer:
Depreciation Expense = $5800
Explanation:
As per the data given in the question,
Initial cost = $52,800
Freight cost = $300
Non-refundable tax = $6,400
Installation = $500
Estimated residual value = $2,000
Rate = 10%
So total cost of assets = $52,800 + $300 + $6,400 + $500
= $60,000
As per the following formula,
The straight line depreciation expense = (Cost- Residual value) × Straight line depreciation rate
=($60,000 - $2,000) × 10%
=$58,000 × 10%
=$5,800
The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".
<h3>What is forced ranking?</h3>
The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.
The problem with forced ranking are-
- This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
- Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.
The forced rankings beneficial from an employee perspective, here are reasons-
- This system teaches a manager how to assess employees objectively with the right management training.
- When the management system needs to be improved or formalised, forced rankings are advantageous.
- An essential component of business is analysing trends and developments.
To know more about example of forced ranking, here
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Answer:
licencing
Explanation:
Based on the information provided within the question it can be said that this scenario is an example of the branding concept known as licencing. This term refers to an agreement to let another company to produce or market the brand or product from the original owner. In exchange for doing so the original owner receives royalty payments.
Answer:
The correct answer is option d.
Explanation:
Gasoline prices increase dramatically in a month. Lola commutes 100 miles to work each weekday.
For a few months, she tries to reduce expenses on gasoline but driving less on weekends. Within a year she moved to place only 10 miles away from her workplace.
We see that in response to an increase in the price of Gasoline, the quantity demanded of gasoline by Lola is adjusting over time. The demand is getting more price elastic with the passage of time as a consumer is adjusting to price change and finding new ways to reduce expenses.
This example shows how the time horizon determines the price elasticity of demand.
