Answer: The assets that are classified as plant assets on the company's balance sheet include :
(1) the showroom building, a separate building used to service customer cars, and various parking lots.
Plant asset is known as the long-term fixed asset that is used to bring forth or sell commodities and services for the institution. These assets are tangible and are expected to produce economic benefits for the organization.
Answer:
a. Income Tax Expense (Dr.) $298,000
Deferred Tax (Dr.) $30,000
Income Tax Payable (Cr.) $328,000
Explanation:
b. Income Tax expense (Dr.) $30,000
Allowance to reduce deferred tax value to NRV (Cr.) $30,000
Income tax payable is calculated based on tax rate of 40%.
$820,000 * 40% = $382,000
Answer: The FOUR (4) "fundamental factors" that marketers us to identify "market segmementation" are:
___________________________________________________
1) demographic segmentation ;
2) geographic segmentation ;
3) psychographic segmentation ; AND:
4) behavioral segmentation .
___________________________________________________
Answer:
Authorizing the team to make decisions traditionally made by managers.
Explanation:
That gives them a sense of leadership and knowing that certain ideas and contributions they make will eventually be valid. It fuels their energy to do more and that helps the company grow which is what the management looks out for.
Answer: Advertising seeks to appeal to a mass audience with a uniform message.
Explanation: Advertising involves creating awareness about a product or service to the public through the various channels of communication.
Advertising aims at getting across a message of a product to its target customers via the various channels of communication such as: social media, T.V, radio etc.
