Answer:
Crawford Trucking
Calculation of book value for disposal of two vehicles:
a) The Truck sold on January 2 would not have depreciation expenses computed for it. The book value on January 1 would be the same on January 2. It is not practical to compute depreciation expense for 1 day.
b) The Truck sold on July 9 would have depreciation computed for the year 2018 pro rated for six months. The book value would be less than the Truck sold on January 2.
Explanation:
Depreciation expense may be pro rated depending on the prevailing circumstances. This becomes necessary because the sold unit may not be fully utilized for the period under review. Under the matching principle of generally accepted accounting principles, it is imperative to match revenue to the period they were incurred.
Any country around the world has certain targets for becoming an ideal and economically stable nation. Economic goals of full employment, stability, economic growth, efficiency, and equity are widely considered to e beneficial and worth pursuing for a country to achieve economic stability. Full employment and price stability are goals that conflict with each other. Full employment is an economic situation in which all the available labor resource is being used in the most efficient way possible while price stability implies avoiding both prolonged inflation and deflation.
Answer:
Leveraging the experience of one group to help another group.
Explanation:
Southwestern Construction is hoping to use (leverage) the knowledge of the team in one office by sharing the knowledge with another office and hoping that the second office will also become more efficient simply by adopting the new strategies.
Answer:
57.9 %
Explanation:
Return on investment (ROI) is a financial ratio. It is used to measure the expected returns from in relation to the cost of investment.
The formula for calculating ROI is Net Income / Cost of Investment.
For tom tools factory, the ROI will be
net income $275,000
cost of investmet is $475,000
ROI = 275,000/ 475,000
RO1 = 0.5789473 X 100
=0.5789473
=57.894 OR
=57.9 %
