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4 years ago

The book value of equipment owned by a business and used in its operations is equal to

Business

1 answer:

Sedbober [7]4 years ago

3 0

Answer: The asset's cost minus its accumulated depreciation.

Explanation: The book value of equipment owned by a company is the total worth of a company if it liquidated all its assets and substracted it's liabilities.

For easy computation it can be described as the Value of the Assets minute the accumulated depreciation for an equipment that depreciates according to time. Book value is of importance to the business as it helps to show what amount is actually the worth of a company when liquidated.

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Orders for clothing from a particular manufacturer for this year's Christmas shopping season must be placed in February. The cos

antoniya [11.8K]

Based on the concept of expected value, the units that the company should order to meet February demand is <u>57 units.</u>

<h3>What is expected value?</h3>

In mathematics under the probability distribution theory, the expected value is the weighted average of possible values of some random variables. The weights are based on the theoretical probabilities of the variables.

<h3>Data and Calculations:</h3>

Cost per unit = $20

Selling price per unit = $50

<h3>Projected Demand</h3>

Demand Units Probability Expected Demand Units

1. 50 units 40% 20 units (50 x 40%)

2. 60 units 50% 30 units (60 x 50%)

3. 70 units 10% 7 units (70 x 10%)

Total expected demand units = 57 units

Thus, the expected demand in February is <u>57 units</u>.

Learn more about calculating expected values at brainly.com/question/10675141

8 0

3 years ago

Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without n

Yuki888 [10]

Answer:

hold Chance but not the company liable

Explanation:

In this scenario Chance is an independent contractor so his actions are not representative of the companie's.

When an independent contractor causes damages while working the company will not be held liable for his negligence.

So in this scenario where Chance negligently runs a stop sign and causes an accident and Judy is injured. Only Chance is liable

5 0

4 years ago

When properly performed, bottom-up budgeting has the disadvantage of: A reduction of top management's control of the budget proc

uysha [10]

Answer:

A reduction of top management's control of the budget process to one of oversight.

Explanation:

Budgeting can be defined as a financial plan which helps different organizations in the control of their various revenues. Budgeting can also be described as a forecast of how much a company expect to sell and also how much they expect to spend on various costs.

Advantages of budgeting include:

- It helps an organization to achieve their objectives and goals.

- It helps businesses to decide on essential areas to channel their resources to.

Disadvantages of budgeting include:

- a budget may be inaccurate because it is prepared on the basis of assumptions.

- it is expensive and consumes a lot of time.

6 0

3 years ago

Which of the following is a disadvantage faced by a franchise business owner that would not be encountered by an independent bus

Sergeu [11.5K]

Answer:

b. franchising fees and royalties

Explanation:

an independent business owner would not encounter this.

4 0

3 years ago

Read 2 more answers

Which of the following could make it difficult for a student to get a housing or vehicle loan in the future?

AlladinOne [14]

I think the most appropriate answer would be C. As the student should complete their student loan first,abd then take the housing/vehicle loan.

I hope it helped you!

3 0

3 years ago

Read 2 more answers