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2 years ago

Define the term depreciation

Business

2 answers:

Fofino [41]2 years ago

7 0

Loss of value over a period of time

postnew [5]2 years ago

4 0

Hey!

The word depreciation is the assigning of a plant asset's cost to expense over the accounting periods. You would assign them to the accounting periods that the asset is likely to be used.

Hope this helps!

- Lindsey Frazier ♥

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You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popula

sesenic [268]

Answer:

a. increase the price of the software

Explanation:

If I were the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than 1. In order to increase total revenues from that product, I will increase the price of the software.

The reason for such decision is based on the fact that when the price elasticity of demand of a product is lower than 1, an increase in the price of that product results in an increase in revenue for the seller.

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2 years ago

The accounts receivable turnover rate: Multiple Choice Indicates how many times the receivables were converted into cash during

andreev551 [17]

Answer:

Indicates how many times the receivables were converted into cash during the year.

Explanation:

Accounts receivables turnover ratio or Debtor Turnover Ratio(DTR) depicts the number of times a business's receivables are converted into cash within a period.

The ratio is computed as follows:

$\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}$

wherein, Average Accounts Receivables = $\frac{Op.\ debtor\ balance\ +\ Cl.\ debtor\ balance}{2}$

wherein, Op. = Opening

Cl. = Closing

The ratio depicts how often a firm receives the money due from it's debtors during a period and represents how frequently debtors make payments, represented by average collection period which is computed as follows:

= $\frac{365\ days}{DTR}$

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3 years ago

A company has an unfavorable direct materials quantity variance. A possible reason for this variance is that:

ycow [4]

Answer:

e. any of the other answers can occur.

Explanation:

The reason for the decision above is variances are not dependent on the direct material quantity variance and the calculation of all is differ. We also know the total direct material variance is total of material quantity & price variance that is because total variance may be favorable or unfavorable. And the option(d) direct labor efficiency variance do not relate with material variance.

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2 years ago

Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead c

leva [86]

Answer:

1. $3,380

2. $2,175

Explanation:

Part 1

Predetermined overhead rate = Total Overheads for the Company ÷ Total Direct labor-hours for the Company

= $ 15,080,000 ÷ 232,000

= $65

Overheads applied to Job Bravo = ( 30 x $65) + (22 x $65) = $3,380

Part 2

Assembly department

Predetermined overhead rate = $ 7,250,000 ÷ 145,000

= $50

Assembly department

Predetermined overhead rate = $ 7,830,000 ÷ 290,000

= $27

Overheads applied to Job Bravo = (30 x $50) + (25 x $27) = $2,175

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2 years ago

While on a trip to South Africa, Elena was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbr

Anit [1.1K]

Answer:

D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.

Explanation:

Also she should hear from others who import and export goods from Africa and US and vice-versa.

8 0

2 years ago

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