Answer:
Depreciation expense for 2018 and 2019 is $6,640 for each year
The amount of gain or loss that would be recognized on the asset disposal is -$2,920 (a loss)
Explanation:
Depreciation is the systematic recognition of the cost of an asset in the p/l overtime as a result of use. When accumulated, it is known as accumulated depreciation which is deducted from the cost of the asset to get the net book value or carrying amount of the asset. The cost of the asset includes all necessary cost incurred to make the asset available for use.
The cost less the salvage value divided by the estimated useful life gives the annual depreciation.
Total cost = $36,000 + $1,200
= $37,200
Annual depreciation
= ($37,200 - $4,000)/5
=$6,640
Net book value on 1 January 2020
= $37,200 - 2($6,640)
= $23,920
Gain/(loss) on disposal
=$21,000 - $23,920
= -$2,920
Answer:
It is profitable to accept the special offer.
Explanation:
Giving the following information:
The shopping mall would like to purchase 200 extra-large white trees. Apex Company has the excess capacity to handle this special order. The shopping mall has offered to pay $120 for each tree.
Variable costs:
Direct materials $50.00
Direct labor (variable) $3.50
Variable manufacturing overhead $1.00
Additional variable cost= $6
This special order would require an investment of $10,000 for the molds required for the extra-large trees.
Because it is a special offer and there is unused capacity, we will not have into account the fixed costs (except the incremental fixed cost).
Unitary variable cost= 50 + 3.5 + 1 + 6= $60.5
Fixed costs= 10,000
Incremental income= (200*120) - (200*60.5) - 10,000= $1,900
It is profitable to accept the special offer.
In measuring return-on-investment (ROI) from sport sponsorships, companies have used all of the following methods except <u>C. Q Scores scale</u>.
<u>Explanation</u>:
<u>Return on Investment (ROI)</u> helps in determining whether the investment results in gain or loss. The gain or loss of amount is obtained based on the amount of money invested. ROI is used to compare the gain between the companies. ROI can help in deciding the personal financial transaction. Return on Investment is expressed in percentage.
Q score provides the information regarding the popularity of the brand, company, celebrity and entertainment product. Q score becomes high if the familiarity of the brand or company is high among people.
When there's a signal of interest by the customer to move forward with in your product, you should <span>ask them a closing question. After you have asked if they have any additional questions you are able to close your conversation with a customer with a statement or </span>question. By asking a closing question you are letting the consumer know the conversation is ending and it's time to make a committed decision regarding the product.
Answer:
A) The use of both techniques ( i.e. questionnaire and Interview )
B) The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.
Explanation:
A) The best approach in resolving this problem is the application of both questionnaires and interviews, this is because the questions will be covered in both the questionnaire and interview therefore a more detailed/accurate answer can be gotten by combining both processes
B) The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.
