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dlinn [17]
3 years ago
7

Voltage industries, a calendar-year company, purchases equipment for $85,000 on january 2nd, 2017. the equipment's expected usef

ul life is five years, and the expected salvage value of the equipment is $5,000. what is the book value of the equipment on december 31st, 2018, if voltage uses the double-declining-balance method?
Business
1 answer:
galben [10]3 years ago
4 0

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Eddi Din [679]
Answer:

speak with confidence

encourage the interviewer to do most of the talking- after all he is the interviewer, you don't want to dominate the interview.

Hope this helps! ;D
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4 years ago
Read 2 more answers
b. True or false: an income elasticity of demand of 0.45 for all medical products implies that consumption will be higher among
mojhsa [17]

Answer:

False.

Explanation:

Elasticity of demand is a measure of the responsiveness of changes in demand to change in price.

The value of elasticity shows type of good. Negative elasticity indicates that a good is inferior, and people will buy it when their income is low. But once income rises they will buy more luxurious goods. That is not the case here as elasticity is positive.

When elasticity is positive the good is a normal good and increase in income will result in increase in amount demanded of the good.

In the scenario give a positive elasticity of 0.45 should result in higher consumption among higher income people than lower income people.

8 0
3 years ago
Pursuing a strategy of social responsibility and corporate citizenship can lead to increased global sales volume and global mark
maksim [4K]

Explanation:

Following a strategy of social responsibility and corporate citizenship can lead to an increase in the global volume of sales and participation in the global market for branded footwear when advertising a company is dedicated to explaining all the social responsibility activities that are being carried out. **

When adopting a strategy of social responsibility and corporate citizenship, it is correct to state that the company will be positively impacted on its overall performance.

This is because we currently live in the information age, where there are people who are much more connected and demanding that companies position themselves as active agents in the environmental and social development of the place in which they operate. Improving corporate governance will certainly attract more investors, share prices, credit ratings and image ratings.

The perception of the company's stakeholders will be increased according to the social and environmental standards of an organization, so it is also correct to state that this is a strategy for creating value and relationships.

In addition, maintaining environmental and social standards in accordance with the legislation and exceeding it, will help to continuously improve processes, reduce costs and waste and increase business revenue.

6 0
4 years ago
ABC system are likely to provide the most benefits to a company with significant amounts of indirect costs that are allocated us
Contact [7]

Answer:

B) false

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8 0
4 years ago
Using the FASB Codification as a guide, a small computer manufacturing industry you are working for would like to make some adju
Tcecarenko [31]

Answer:

Check the following explanation.

Explanation:

This will be covered under Accounting principles , Changes and Restatements.

Specifically FAS 154 requires such change to be recognized currently and prospectively.

In this case the effect of change will be carried in current year and future years also as there is change in estimate life of equipment and its salvage value. Company can not mae any change in any past year as there is restriction on making such change. So it will show its prospective effect only.

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