The options provided are incorrect. The correct answer is given below.
Answer:
Residual value = $28000
Explanation:
The straight line method of charging depreciation is a method that charges a constant depreciation expense throughout the useful life of the asset. The formula to calculate the depreciation expense under the straight line method is as follows,
Depreciation expense = (Cost - Residual value) / Estimated useful life of the asset
Plugging in the values for depreciation expense, cost and estimated useful life, we can calculate the residual value to be,
5000 = (68000 - Residual value) / 8
5000 * 8 = 68000 - Residual value
40000 + Residual value = 68000
Residual value = 68000 - 40000
Residual value = $28000
Answer:
It will bring about a decrease in aggregate supply which is caused by the increase in input prices and it is represented by a shift to the left of the SAS curve because the SAS curve is drawn under the belief that input prices remain constant.
Answer:
The first transaction will be recorded as a note receivable, whereas the second transaction will be recorded as an account receivable.
Explanation:
The first transaction is a note recievable which is a credit instrument that requires the debtor to pay interest. The period for repayment bis usually above 30 days. Blair Automotive made the first customer sign a written promise to pay in full after six months with an annual interest rate of 3.5%.
The second transaction is an account recievable which are claims for payment that is raised by a business for delivery of products and services, it is payable within an agreed time frame. Accounts receivable does not attract interest payment. Blair Automotive sends the second customer a bill within the next two weeks, due within 30 days of receipt of the bill.
Answer:
Even though the bureaucratic structure has received a lot of criticism, it has some advantages. Accountability, predictability, structure and job security are just a few to mention. Furthermore, a bureaucratic culture is based on impersonal relationships, discouraging favoritism
Answer:
a. reward system
b. Surface value
c. Perquisites
d. Compensation packages
Explanation:
Reward system encompasses the whole compensation packages for workers.
Base pay is the main determinant for other compensations.
Symbolic value refers to the representational value of a reward as opposed to the worth.
Compensation packages for various entities vary depending on the organization.
Indirect compensation is not directly linked to a job.
Perquisites refer to the benefits from employment.
Flexible reward system is not a fixed system, but one that flexes with other factors.
Participative pay system encourages workers' contribution in determining pay.
Surface value is the worth of a compensation to the recipient.
Incentive system refers to the employment structure that motivates employees to act in the best interest of the organization.
