Answer:
throughout the firm at all levels
Explanation:
In the current knowledg economy, companies require employees with specialized skills that are able to analyze information and find solutions to keep growing and to achieve this, they need to help their personnel in all the levels to learn and train to have the required knowledge and help the company. According to that, the answer is that initiatives to develop human capital should be directed throughout the firm at all levels to maintain a competitive advantage in the current knowledge economy.
The formula for the price elasticity is given by
e = [(Q2 - Q1) / Q1] / [(P2 - P1) / P1]
Substituting the given values
e = [(5 - 8) / 8] / [(3 - 2) / 2]
e = -0.75
The demand is inelastic since the elasticity is less than 1. The graph would be a line sloping towards the left.
Answer:
5 years of useful life
Explanation:
First, we need to know the value we are going to depreciate: this is calculated by subtracting from the total asset value, the salvage value. So, the value we are going to depreciate is $50,000.
If the depreciation expense is $5000 calculated on the straight line basis, then the depreciation expense all years is the same, $5000. To know the useful life of the asset we must divide the value to depreciate over the depreciation expense. That gives us 10 years.
Finally, to know the remaining useful life we need to do a simple table in which we have the depreciation expense each year and we have the accumulated depreciation. For example, the accumulated depreciation in year 1 is $5000, in year 2 is $10,000, year 3 is $15,000 and so on, until we get to $25,000, which is the accumulated depreciation of the year 5. Then if the useful life of the asset is 10 years, the remaining useful life is 5 years.
Answer:
human capital is more important than financial capital
Explanation:
To Steve human capital is the building blocks of the foundation of the company. The financial capital can be sourced from various sources but human capital takes time and effort to produce qualitative results which can't be replaced easily.
Answer: See explanation
Explanation:
a. Compute 2020 depreciation expense using the straight-line method.
This will be:
= (Cost of the asset - Salvage value) / Useful life of the asset
= ($96,000 - $9600) / 8
= $86400 / 8
= $10,800
b. Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017.
This will be:
= $10,800 × 3/12
= $10800 × 0.25
= $2700
