Well, in my opinion, there should be a little category for that, but then again, that may require extra moderation. Also, the guide lines say to never include personal information. Everyday issues often include personal info. Mostly all of the everyday issues we have can call under the line of math, science, reading, language arts, music, so on.
Answer: True
Explanation:
Strategic decisions do indeed take long-term commitment because they are meant to help the company in the long term not the short.
Strategic decisions usually set goals and achieve results in the long term. They are not expected to yield results in the short terms which is why MacDonald's pressed on with the all-day breakfast despite initial challenges.
To
determine what the depreciation of an asset using straight line method, the
formula to be used is:
(Initial
cost of machine – salvage value) divided by estimated useful life
So in
this problem:
Initial Cost
- $135000
Salvage
Value – $15000
Estimated
Useful Life – 5 years
Plug that
in the formula
Annual
depreciation = ($135000 - $15000) / 5
= $120000/
5
= $24,000
The first
year depreciation for the machine is $24000 because the company bought it in
the beginning of the year. (So there is no need to divide this by 12 months)
To record
this:
Depreciation
Expense $24000
<span> Accumulated Depreciation $24000</span>
Answer:
Direct material quantity variance= $2,170 unfavorable
Explanation:
<u>To calculate the direct material quantity variance, we need to use the following formula:</u>
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (2*5,000 - 10,310)*7
Direct material quantity variance= $2,170 unfavorable
