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JulsSmile [24]
3 years ago
8

The interval at which an asset should be replaced to minimize cost (or maximize worth) is known as the: ________

Business
1 answer:
madam [21]3 years ago
3 0

Answer:

c. Optimum replacement interval (ORI)

Explanation:

Optimum replacement interval used to estimate the most cost effective time to replace an asset on the basis of their replacement cost.

There needs to be a balance between the replacement cost and the value that is being lost by changing the asset.

The useful value must be low to justify replacement cost.

For example if the cost of maintaining a machine has increased a lot as a result of wear and tear, it will be more cost effective to make a replacement in order to minimise cost and increase efficiency

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Which of the following is a positive economic​ statement? A. Everyone should live at the same standard of living. B. If the pric
Ray Of Light [21]

Answer:

B. If the price of gasoline​ rises, a smaller quantity of it will be bought.

Explanation:

A positive economic statement is the one which is based on the facts and it can be verified based on different facts established, or studies.

Whereas, a normative economic statement is the one which focuses on providing a suggestion, or an opinion of an economists for the economy, and cannot be verified.

Since statement B clearly states the fact related to the pricing policy of gasoline, and the effect which can be verified, thus, it is positive economic statement.

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3 years ago
Match each type of savings account with its features
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Stock-rises and falls with market
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Credit Union account-members own it
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8 0
2 years ago
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When did high school education<br><br> become more widespread in the<br><br> United States?
vesna_86 [32]
In 1821, Boston started the first public high school in the United States. By the close of the 19th century, public secondary schools began to outnumber.
7 0
3 years ago
A journal entry for a $75 payment for Rent expense was posted as a debit to Salary expense and a credit to Cash. This error will
Illusion [34]

Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.

Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.

In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.

3 0
3 years ago
A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is calle
Alex777 [14]

Answer: REIT

Explanation: A real estate investment trust, REIT, can be defined as an investment firm specialized in securities related to companies operating in real estate industries.

Such trust pool the money from investors and invest it in real estate securities. REIT gives the investors the exposure of real estate in their portfolios and invests like mutual funds.

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3 years ago
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