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2 years ago

What are the objectives of business

Business

1 answer:

grigory [225]2 years ago

4 0

Answer:

Defination-

A business objective is a result that a company aims to achieve.

10 Most Important Business Objectives

1. Getting and Staying Profitable

2. Productivity of People and Resources

3. Excellent Customer Service

4. Employee Attraction and Retention

5. Mission-driven Core Values

6. Sustainable Growth

7. Maintaining a Healthy Cash Flow

8. Dealing with Change

9. Reaching the Right Customers

10. Staying Ahead of the Competition

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Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for bu

Andrews [41]

Answer:

The amount of accumulated depreciation at December 31, 2023 = $88,800.

Explanation:

Determining the actual acquisition cost.

The actual acquisition cost = Purchase value + freight charges + Installation costs.

The actual acquisition cost = 460,000 + 15,000 + 34,000.

The actual acquisition cost = $509,000.

Determining the depreciable cost.

The depreciable cost = acquisition cost - Salvage value.

The depreciable cost = 509,000 - 65000.

The depreciable cost = $444,000.

Determining annual depreciation expense.

Annual depreciation expense = depreciable cost / number of years.

Annual depreciation expense = 444,000 / 10.

Annual depreciation expense = 44,400.

Determining the accumulated depreciation .

The accumulated depreciation = annual depreciation expense × number of years.

The accumulated depreciation = 44,400 × 2.

The amount of accumulated depreciation at December 31, 2023 = $88,800.

6 0

2 years ago

You notice that you always make your transaction at the very beginning of the round. Although it's nice to transact every time

Mazyrski [523]

Answer:

you're receiving too small of a gain

Explanation:

Based on the information provided within the question it can be said that offering a price so low that buyers immediately accept it might mean you're receiving too small of a gain. That is because if a buyer is immediately accepting it, then it can be because they realize that it is a great deal and that they will most likely not find a better price anywhere else and immediately decide to buy it from you. Therefore you can be selling it for an increased profit margin by increasing the price.

4 0

2 years ago

What is small business development

makvit [3.9K]

Answer:

Explanation:

Small Business Development Centers (SBDCs) provide business-related assistance and knowledge to help entrepreneurs start, run, and grow their businesses.

5 0

1 year ago

A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. Which of the following

romanna [79]

From the above information, it is true that the company is running a budget deficit.

<h3>What is budgeting?</h3>

Budgeting is the process of planning for an allocating resources efficiently and effectively.

A budget deficit is when the expended amount is above the budgeted figure.

Learn more about budgeting:
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7 0

1 year ago

Sold clothing manufacturing equipment for $31,000. originally purchased the equipment for $95,000, and depreciation through the

Andreas93 [3]

Answer:

Gain= $14,500

Explanation:

First, we need to calculate the book value of the equipment:

Book value= purchase price - accumulated depreciation

Book value= 95,000 - 78,500

Book value= $16,500

If the selling price is higher than the book value, the company made a profit by selling the equipment.

Gain/loss= selling price - book value

Gain/loss= 31,000 - 16,500

Gain= $14,500

7 0

2 years ago

What are the objectives of business​

What are the objectives of business