These purchasing strategies are crucial for the development and expansion of the firm since they explicitly state the goals and objectives in the appropriate qualities.
It also measures it using the outcomes that have been achieved, taking into account both internal and external elements that have an impact on the company.
The following are some components of the Purchase strategy:
- Clear Objective
- Evaluateable Goals
- Development Plan
- Evaluative Plans
- Clear Objective
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Answer:
C
Explanation:
The short term amount due (within the next fiscal year) is classified in the current liability section while the amounts due in years 2-5 would be reported in the long term section. Interest is always an expense and never reported on the balance sheet.
Answer:
Y : Z = 3 : 1
Explanation:
Given:
X's share = 2/3
Y's share = 1/4
Z's share = 1/12
Find:
New ratio, when X retires
Computation:
X retires , So remain partners are 'Y' and 'Z'
Y's share = 1/4
Z's share = 1/12
Y : Z = 1/4 : 1/12
By taking LCM:
Y : Z = 3/12 : 1/12
Y : Z = 3 : 1
Answer:
The annual depreciation under SL is $16000 per year.
Explanation:
The depreciation expense under Straight Line (SL) method remains constant throughout an asset's useful life. The depreciation under straight line method is calculated by calculating the value of the asset that is eligible for depreciation, which is its cost less the salvage value (SV) and dividing it by the asset's useful life.
The straight line depreciation per year = (Cost - SV) / estimated useful life
Annual depreciation under SL = (100000 - 20000) / 5 = $16000 per year