Answer: The company will record a depreciation of $375 as depreciation.
We begin by calculating the depreciable value of the asset.
The depreciable value is $12,000.
The useful life of the asset is 8 years from the date of purchase.
So, the depreciation for one year will be .
Hence the depreciation for one year is
Since the equipment was purchased at the end of September, we can only charge depreciation for 3 months on 31st December.
So, the depreciation expense will be
The answer to your question should be Retain customers.
Answer: Lee should ask closed ended questions.
Explanation:
As a salesperson, the body language of your prospective customer matters when a good is being advertised to the person. Regarding the question, Lee wants to tell the prospective customer about the refrigeration units. Since the face of the prospective buyer looks tensed with wrinkle forehead and avoiding eye contact with Lee, the best thing for Lee to do is to ask her closed ended questions.
A closed ended question is a limited set of responses that can be answered with symbol number or symbol that indicates a response. Ratio questions, multiple choice, ordinal questions gives closed ended responses. Lee should ask closed ended questions because they are quicker and easier to answer.
Answer:
Open-Ur-Eyes only
Explanation:
Risk of loss refers to who bears the risk in case the goods under sales transaction which are shipped, get destroyed without the sale having been completed and without buyer having accepted the title of goods.
It refers to who pays for such a loss when goods in transit get either destroyed or lost, without any of the parties being at fault.
As per uniform commercial code, the buyer shall bear such a loss, unless the loss arises out of seller's negligence or an act of omission.
In the given case, the buyer i.e NuStores accepted shipment of dvd players from seller i.e Ope- Ur- Eyes and later upon receipt, found such players to be defective. The buyer cancelled the sale and agreed to return the players. While in transit, the players were lost.
Under such a circumstance, had the seller shipped products without any defect, the buyer would've borne the loss.
But the products were defective owing to sellers negligence due to which they had to be returned. Thus, in such a case, the loss shall be borne by the seller i.e Open-Ur-Eyes only.