Answer:
The correct answer is C that is $4,062.50
Explanation:
The depreciation expense is computed as:
Depreciation expense = Book Value of asset - Salvage Value / Number of years × 6/ 12
where
Book value is $70,000
Salvage value is $5,000
Number of years is 8 because it is Year 3
Number of months is 6 months
= $70,000 - $5,000/ 8 × 6/ 12
= $65,000 / 8 × 6/ 12
= $8,125 × 6/ 12
= $4,062.50
Answer: product diversification
Explanation:
Product diversification is when the original market for a product is being expanded. Product diversification is used to boost a brand and also increase sales.
From the question, we are informed that Amazon has decided to enter the college bookstore market and that the goal of "Amazon Campus" is to offer co-branded university-specific web sites that offer textbooks and paraphernalia, such as logo sweaters and baseball hats. This development shows Amazon's relentless pursuit of product diversification.
Answer:
Collection from Customers =$487,000
Explanation:
Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance
=97000+$519,000-$65,000
=$487,000
What are the risk options ?
Answer:
Unrealized gains and losses treatment:
Available for sale - recorded in OCI
Held till maturity - not recognized in financial statements until maturity
Held for Trading - Fair value through profit and loss
Explanation:
There are three categories of financial instruments. Available for Sale AFS, Held for trading HFT and Held till maturity HTM. Financial instruments are classified in these categories and then treatments is according to their classification. IAS 39 and IFRS 9 have provided complete guidelines for the treatment of the financial securities.
