The position held by Timothy within
his company is FINANCE MANAGER because in summary, his duty was to produce
financial reports (he had to create a cost-profit analysis report of all the
current product lines of the company), direct investment activities (he was
tasked with creating the budget for the next fiscal year), and develop
strategies and plans for the long-term financial goals of their organization (He
also had to identify avenues for possible cost reduction in the budget).
Helpppp usssss plzzzzzzzzzzzzzzzz
Answer:
$10,000
Explanation:
Depreciation of an asset is the systematic allocation of estimated cost to an asset over time. It is added over the years to get the accumulated depreciation that is netted off the cost to get the net book value.
It is given as
Depreciation = (Cost - Salvage value)/Estimated useful life
Depreciation expense for Year 1 (the first year of the asset's life) under the straight-line method would be
= ( $60,000 - $10,000 ) / 5
= $50,000/5
= $10,000
Answer:
499.80
Explanation:
There is no 39.6% tax bracket, the highest marginal tax is 37%. But we can assume that Mikey had to pay 39.6% in taxes which means that he is in the seventh tax bracket (highest). Since he is classified under the highest tax bracket, he will also pay the highest capital gains rate which is 20%.
Mikey's long term capital gain = $4,950 - $2,400 = $2,550
if he paid regular income taxes = $2,550 x 39.6% = $1,009.80
since he pays capital gains taxes = $2,550 x 20% = $510
That means he saves $1,009.80 - $510 = 499.80
Answer:
Supplier dependence
Explanation:
When an entity finds itself in a situation where it has to rely on a particular supplier or provider of service for its business operations, either as a result of not being able to get an alternative supplier or the importance of the suppliers product to the entity, such is called supplier dependence.
It is very risky for an entity to depend on a particular source for input. This reverse order of an entity depending on the supplier for business strategy instead of the supplier depending on the entity is not a good business practice.
It’s easy for our own strategy to be determined by what our suppliers are doing. If we become too dependent, we risk having our strategy set by our suppliers rather than having them support our strategy. I’ve been thinking a lot here recently about how much suppliers can direct you
