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olchik [2.2K]
3 years ago
8

On Jan 1, 2011, P.T. Scope Company purchased a computer system for $3,240. The company expects to use the system for 3 years. Th

e asset has no salvage value. The book value of the system at Dec 31, 2012 is
Business
1 answer:
ira [324]3 years ago
6 0

Answer:

No information given regarding depreciation method Therefore, it is assume P.T Scope Company will use the Straight line Depreciation Method in order to get book value on Dec 31, 2012 and Book value computer system is $1080.

Explanation:

Using Straight line depreciation method the value of Computer system at Dec 31, 2012 is $1080

Depreciation = (cost of asset - Salvage value) / Useful life of asset

Note: In straight line depreciation method the depreciation expense remain constant as it based on the original cost of assets.

Depreciation expense on Dec 31, 2011 = ($3240 - 0 ) / 3 = $1080

Book value on Dec 31, 2011 = $3240 - $1080 = $2160

Depreciation expense on Dec 31, 2012 = ($3240 - 0 ) / 3 = $1080  

Book value on Dec 31, 2012 = $2160 - $1080 = $1080

Straight line depreciation method calculate book value based on the original cost and book value is calculated using Year starting value minus Depreciation expense. Hence, Book value reduce as asset continue to use in business until it reaches to zero or salvage value.

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The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )
Paladinen [302]

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

5 0
3 years ago
Product Life Cycle All products pass through a product life cycle of four stages: introduction, growth, maturity, and decline. T
Rudiy27

Answer:

The answer is

                               Introduction stage                     Maturity stage

Product                    Gatorade                                   Crest

Price                          Rusk                                          Airwalk

Promotion                Listerine                                    Sony

Place                         Merck                                        Domino's

Explanation:

                               Introduction stage                     Maturity stage

Product                    Gatorade                                   Crest

Price                          Rusk                                          Airwalk

Promotion                Listerine                                    Sony

Place                         Merck                                        Domino's

A marketing mix is a combination of factors that can be controlled by a company to influence its existing customers and potential customers to buy its products.

The above chart explains the marketing mix of the companies and its stages in product, price, promotion and place.

3 0
3 years ago
Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature?
Scilla [17]

Answer:

A. The Receipt Capture feature uses Optical Character Recognition (OCR) technology to read and transform receipt data to QuickBooks Online.  ⇒ TRUE

B. If QuickBooks Online finds an expense already entered in QuickBooks Online, it will suggest that you match the receipt to the existing transaction.  ⇒ TRUE

C. You can snap a picture of a receipt, then review, match, or add it directly from the QuickBooks Online mobile app.  ⇒ TRUE

D. QuickBooks Online will fill in the fields it can for the expense using the OCR data.  ⇒ TRUE

Explanation:

the other options are false because:

  • E. You can assign a payee, account, payment date, category, description, amount, and memo to the expense transaction in the Review screen.
  • F. You can only have one sender email registered to forward receipts in each company. ⇒ FALSE, you can connect to multiple accounts, generally for different clients. You can use the "Add new sender" link.
3 0
3 years ago
Power Plate Inc., a consumer electronics manufacturer, introduced a new solar cooker in the market. The team responsible for the
Pepsi [2]

Answer:

Cross-functional team.

Explanation:

A cross-functional team is a group of people with different functional expertise working toward a common goal. It may include people from finance, marketing, operations, and human resources departments. Typically, it includes employees from all levels of an organization.

5 0
3 years ago
Assume you are the CEO of Black Diamond, a global organization. You realize that some of the people in your organization are hig
const2013 [10]

Answer:

a. High uncertainty avoidance.

Explanation:

Cultures that have high uncertainty avoidance have a low tolerance for situations that are unclear and vague. They tend to avoid risk, follow laid down rules, and favor well structured environments.

People from cultures with high uncertainty avoidance will be ideal for the Black Diamond team. They will function well in a structured team where members collaborate to achieve set goals.

3 0
3 years ago
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