Answer:
The land should be reported at $130,000
Explanation:
In this question, we have to apply one of the Generally Accepted Accounting Principle (GAAP), i.e. Historical cost principle.
Historical Cost Principle: According to this principle, the value of fixed assets should be recorded at the purchase price or book value.
So, in the given case, the land should be reported at $130,000 irrespective of whatever amount is given in the question
Answer:
trends, fashions, and tastes can change quickly.
Explanation:
Based on the information provided within the question it can be said that in a job role like the one that Victoria is in, the biggest complication is that trends, fashions, and tastes can change quickly. Due to the large impact that celebrities have on the world, one comment or action can immediately spark new trends and fashion senses around the world. This makes trying to predict the wants of customers very hard.
Yes the answer is A.
The two most important aspects of target marketing is identifying people who would most likely buy your product, but that has to be offset by how much it would cost to reach those people effectively.
Answer:
B. $2,190
Explanation:
Calculation for the net present value of the proposal
Using this formula
Net present value=(Annual cash flow×Discounted present value)- Machine purchase amount
Let plug in the formula
Net present value=($14,000 ×5.335)-$72,500
Net present value=$74,690-$72,500
Net present value= $2,190
Therefore the Net present value will be $2,190
