Answer:
$0
Explanation:
According to US GAAP the reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset is reduced than the book value of the asset.
Amortized Cost / Book value = $50,000
Market Value = $53,000
Discounted Value = $51,000
There is no Impairment loss on this asset as the fair market value is more than the book value of the asset.
Three reasons that the Protectionist offer to support their position
is as follows: Imposing tariffs, campaign to support use of countries own
produced products, and controlling the exchange rate in their country. This policies
and reasons help their country to protect their own goods and will help their
economy rise.
Marshall Manufacturing has adopted an integrated marketing communication system
.
Option C
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Explanation:
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The main aim of an organisation is to have an effective communication channel to enhance their profit by adopting to an effective system.
For such effective system the organisation can make use of a model called Integrated marketing communication system this will organise and integrate all the promotional strategies of marketing and communicating to the end user.
This is a long process wherein the brand awareness will be created among the general customers at a low cost. This is also abbreviated as IMC which utilize numerous channels to communicate the campaign messages.
This campaign boost the efficiency of marketing activities that are used to convert strangers into prospects and prospects into customers.
Answer:
B. An unsold inventory of automobiles produced in that year
Explanation:
GDP is the measure of all the total value goods and services produced within the borders of a country per period. In calculating GDP, economists consider the value of finished products only. Capital goods or goods used to manufacture other products are also not included in GDP. Excluding capital and work-in-progress eliminates the chances of double counting.
The flour used in bakeries and the steel used in the production of automobiles are inputs used to make other goods; hence they will not be included in GDP calculations. Goods produced in the previous period cannot be included in the current GDP calculation as they were accounted for in the year of their production.
Sales is NOT one of the five basic functions of an accounting department
<h3>What is accounting department?</h3>
The accounting department is responsible for recording and reporting the cash flows, both in and out, of a company. It is part of the corporate overhead group of an organization.
An accounting department provides accounting services and manages the finances of a company.
There are five basic roles or functions within the accounting department:
Therefore, sales is not one of the basic functions of an accounting department.
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