Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.
A company is involved in a lawsuit for which the contingent liability is remote. The liability should be treated on the balance sheet as unrecorded and undisclosed.
On the balance sheet, the liability should be treated in a manner that is unrecorded and undisclosed:
- The balance sheet stands for a financial statement that communicates the book value of a particular organization.
- Contingent liabilities rely upon the outcome of an unlikely event.
- These contingent obligations become liabilities in the future.
- If the contingent liability happens to be remote, then it must not be reflected in the balance sheet.
- The liability should be treated on the balance sheet as unrecorded and undisclosed.
Therefore, if a company is involved in a lawsuit for which the contingent liability is remote then the liability should be treated on the balance sheet as undeclared and undisclosed.
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Answer:
cognitive (*)
Explanation:
Rodrick, a management consultant, believes that organizations should engage in participative decision making because the increased information flow which results from employee participation leads to better decision making. Rodrick believes in the cognitive(*) model of participative processes.
Answer:
Using straight line method over Double-declining balance method chances of loss or reduction in gain increases.
Explanation:
When we use straight line method it gives constant value that decrease the book value of plant assets while using double-declining balance method is reduce book value more aggressively in earlier years. Therefore, Book value of asset is much higher compare to double declining balance method hence, chances of loss or reduction in gain are obvious when we use the straight line method.
Answer:
A <em>report card</em> is a common assessment document handed out to individuals that have finished a course or any kind of activity (not necessarily educational). It consists of evaluation statements that can be checked if positive. Also, it can come in the grade form, which is common for school.
Dog camp checklist report card
<u>Obedience skills</u>
Manages to complete tasks set by the camp counselor. Check
Attention is focused when group activities take place. Check
Does not show aggression towards counselors. Check
<u>Physical skills</u>
Shows enthusiasm and outgoing attitude towards physical activities. Check
Does not avoid physical activity when prompted. Check
Manages to persevere in intense activities. Check
<u>Social skills</u>
Keeps friendly contact with other dogs and counselors. Check
Participates in most group activities without resistance. Check
Training and learning new skills goes well. Check
