Short term goals are more immediate than long term goals
Answer:
committee
Explanation:
<u>The process in which a whole collection is involved in making the best and most rational decision is called committee decision making.</u>
<u>These committees should decide jointly about the best strategic arrangement, and the whole process should be done in agreement, unity, and harmony.</u> Members should have the spirit of collectivism, should respect other people's decision and all share their input regarding the decision.
Answer:
The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.
The depreciation for the first 2 years is 4000*2= 8,000
So the book value of the asset is 40,000-8000= 32,000
Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000
To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.
24,000/3= 8,000
The depreciation expense in year 3 would have been $8,000
Explanation:
Answer:
185 teddy bears are in work in progress inventory
Explanation:
given data
receives order = 250 teddy bears
fabric = 300 yards
ribbon = 200 yards
cotton = 250 pounds
to find out
how many teddy bears can be considered work-in-process inventory
solution
we know that teddy bears to be manufactured is = 250
so finished and this comes under finished goods inventory are
goods inventory = 65 teddy bears
and still in the process is 185 teddy bears
so they needs to undergo further process because the work is still not completed
so we can say that 185 teddy bears are in work in progress inventory
Answer:
The consumer is the one who pays to consume the goods and services produced.
Explanation:
As such consumers play a vital role in the economic system of a nation. In absence of effective demand the producers would lack a key to motivation
