Specialization plays a key role at the bookstore just as it does in every other area of endeavor because it brinks about professionalism and efficiency.
<h3>
What is Specialization?</h3>
Specialization refers to the process of concentrating on and becoming expert in a particular subject or skill.
For a person to become a specialist in something he or she must dedicate time to learning the skills necessary to be better in such endeavor.
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Answer:
The bid amount should be $13,200,264.
Explanation:
An oil and gas producing company owns 42,000 acres of land in a southeastern state.
It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.
The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.
Total Annual Revenue
= Revenue from oil + Revenue from gas
= $1,800,000 + $581,000
= $2,381,000
The bid amount should be the present worth of total annual revenue.
Present Worth of total annual revenue
= 
= 
= 
= 
= 
= 
= $13,200,264
Answer:
Entries are given below
Explanation:
Requirement A: Purchase of New Carpet on April 30
DEBIT CREDIT
Carpet $18,000
Cash 18,000
Requirement B: Depreciation Entry
Calculation
Annual Depreciation = 18000/15years = 1200
8 Monthths Depreciation = 1200 x 8/12 = 800
8 months = 1 May to Dec 31
DEBIT CREDIT
Depreciation Expense $800
Accumulated Depreciation $800
A common trade-off that investors face when making investment decisions is the risk-return trade-off.
A trade-off simply means the situational decision where an economic entity loses one quantity in order to gain something else.
A common trade-off that investors face when making investment decisions is the risk-return trade-off. It should be noted that higher risks are usually associated with more probability of higher return. Also, a lower risk has a greater probability of lower return but it's safer.
In this case, investors are usually faced with making a decision of whether to go for a safer investment or to go for one with more risk that will yield more returns.
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