Answer:
Cole should record amortization expense for the leased machine at $9,000.
Explanation:
Machine cost would be recorded in book at = present value of Aggregate lease payments
Machine cost would be recorded in book at = $108,000
Depreciation (amortization) expense for the leased machine in first year= (Machine cost - salvage value)/Useful life
Depreciation (amortization) expense for the leased machine in first year= ($108,000 - 0)/12
Depreciation (amortization) expense for the leased machine in first year= $ 9,000
Therefore, Cole should record amortization expense for the leased machine at $9,000.
Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.
Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.
Learn more about the burden of this tax here.
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Answer:
It allowed pre-emptive identification of problems to minimize the impact on customers.
Answer:
Classification of Projects
The projects are classified as shown below:
Strategy Project:
Strategy projects supports organizations long term mission. it helps in increasing market share and revenue. Among the given projects, the strategy projects are:
b. build a 4 mile nature hiking trail.
d. Launch a new promotional campaign with Hawaii Airlines.
e. Convert 12 adjacent acres into wildlife preserve.
g. Change hotel brochures to reflect Eco-tourism image.
i. Introduce wireless internet service in cafe and lounge areas.
Operational Projects:
These projects support current business operations. Among the given projects, the operational projects are:
c. Renovate horse bran.
Compliance Projects:
These are those must do projects to function under a particular category. Among the given projects, the compliance projects are:
a. Convert the pool heating system from electrical to solar power.
f. Update all bathrooms in condos that are 10 years old or older.
h. Test and revise disaster response plan.
Not all projects are easy to classify. There are always some things falling under more than one category. Categorizing projects will help us to prioritize the implementation of the same. Compliance projects should be done at any cost. The organization's view will be reflected in the strategy projects. Operational projects can be postponed if financial budget constraint exists but compliance cannot be postponed.
