Answer:
Loss of $200,000
Explanation:
Cost of Crane: $5,000,000
Accumulated Depreciation: 4,200,000
Difference 800,000
Sale of Crane 600,000
LOSS 200,000
This would be a loss because Hamilton did not receive enough cash on the sale of the crane to cover its initial cost for the crane. Since we do not have a salvage value listed, this answer is based on the assumption that the salvage value of the crane is $800,000. (Gain or loss is calculated by determining if the cash received on the sale of the item - in this case, the crane - is more (gain), less (loss), or equal (equal) to the salvage value. Based on the assumption that the salvage value is the remaining $800,000, this would mean a loss to Hamilton since they only received $600,000 for the sale of the crane).
Answer: $500 million
Explanation:
The required reserve ratio is the fraction of the total deposit that a bank recieves which is mandated by the central bank to be kept and should not be given out.
If the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-creation potential of the banking system will be:
= $50million/10%
= $50million/0.1
= $500 million
Answer:
According to Fiedler’s contingency theory of leadership, leader behaviors are easy to change, and people oriented leaders perform best in intermediately favorable situations.
Explanation:
The leadership style is easy to change, so if the company had a very strict leader in terms of rules, with this new leader the strategy of listening to employees should be used, since they still have respect for superiors , so the strategy that this new manager should have must be to fix all the deficiencies that the previous manager had and organize the establishment.
A. A franchise buys the rights to use a name and sell a product or service.
Answer: Option B
Explanation: In simple words, revenue refers to the income received by an organisation by performing its main activities. It is the amount of cash inflow made by the company before deducting the expense incurred to generate those inflows.
It is also sometimes referred to as gross profit or sales.
Thus, from the above we can conclude that the correct option is B.
