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ddd [48]
4 years ago
11

Which of the following statements about depreciation is correct? When depreciation expense is incurred, cash balances are reduce

d. Depreciation reduces the book value of assets. Depreciation expense does not affect net income. Depreciation is subtracted from cost of goods sold to calculate net income.
Business
1 answer:
Ksju [112]4 years ago
6 0

Answer:

The correct answer is letter "B": Depreciation reduces the book value of assets .

Explanation:

Depreciation shows how much and the value of the assets was used up. This also aims to balance an asset's cost to the revenue that the asset has helped the business gain. Used as an income tax deduction, depreciation calculations offer businesses an annual allowance for the use and deterioration of tangible (physical) assets.

<em>Depreciation reduces the book value of assets because, after the depreciation calculation is done, the amount computed decreases the current value of the asset it represents.</em>

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If a salesperson seeks to avoid customer interactions, what are they suffering from?
Leviafan [203]

Call reluctance is what they are suffering from if they tend to avoid customers.

<h3>What is Customer interaction?</h3>

Every company is at the mercy of the people who use it. The market is cutthroat, and consumer expectations have skyrocketed. Simply put, providing a quality good or service is insufficient. The positioning of your brand in the market, however, can be greatly influenced by the relationships you build with your customers. While discussing the importance of customer interactions, it's important to keep in mind that the customer experience is a continuous process. Building stronger ties with your customers is a continuous process.

Before we go into the specifics of how customer interaction can be advantageous for your business, it is crucial to understand what it is. Addressing customer needs and ensuring they are met through the provision of your good or service is referred to as customer interaction. Companies frequently employ salespeople with the necessary training to conduct these customer interactions. Overall, having a better understanding of your customers can give you a competitive edge.

Thus, customer interaction should be taken care of well.

For more information on Customer interaction, refer to the given link:

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4 0
2 years ago
Who was the first person to designate pitches and write them down on a staff? hildegard von bingen the troubadour attila guido d
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3 years ago
Suppose that your bank pays you 15% annual interest that is compounded quarterly. What is the effective annual interest rate (ro
Nady [450]

The effective annual rate will be 15.87%.

Suppose that your bank pays you 15% annual interest that is compounded quarterly. What is the effective annual interest rate?

Annual Interest Rate= 〖(1+ r/n)〗^n -1

where:

r=Nominal interest rate

n=Number of periods

=〖(1+0.15/4)〗^4 – 1

= 1.15865 - 1

=0.15865

I = 0.15865 x 100

 = 15.865 %

 = 15.87%

What is meant by annual interest rate?

The interest rate that is applied throughout a year is referred to as the annual interest rate. Interest rates may be imposed monthly, quarterly, or biannually, among other time frames. However, interest rates are typically annualized.

Which is the definition of an effective annual rate?

The actual return on a deposit after accounting for the number of times interest is paid over the course of a year is known as the effective annual rate. Comparing deposits using the cumulative power of generating interest on interest serves as a benchmark.

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