Answer:
b. $1.61 million
Explanation:
The computation of assets value is shown below:-
Data provided
Cost of Assets = $2.3 million
Annual depreciation = $230,000
Total numbers of years = 3
Total depreciation = $230,000 × 3
= 690,000
= 0.69 million
Assets value = Cost of Assets - Total depreciation
= $2.3 million - $0.69 million
= $1.61 million
So, Given Market Value = $1.75 million and as per accounting conventions, Recorded book value are assets.
Answer:
Training - Benefit
Flexibility - Challenge
Culture - Benefit
Employee commitment - Benefit
Explanation:
Benefit is the term which is described as the outcome or the result of a decision or an action, which directly contribute to meeting or accomplishing the goals of the business.
Challenge is the term which is defined as something difficult or new, which needed the great determination as well as efforts.
So,
Training - It is a benefit, which help the business as employees will trained regarding something which help them in accomplishing the goals.
Culture - It is a benefit, as the business adapts themselves in different culture will benefit the in making profit.
Flexibility - It is challenge for the business, as undergoing the flexibility would be something that require efforts and determination.
Employee commitment- It is a benefit as the giving commitment to something and then follows it, would be a benefit for the person.
Answer:
The depreciation exp for the first year will be 4250 and second will be the same 4250
Explanation:
First we have to subtract the salvage value from the cost of the truck as the method assumes
43000-9000=34000
Second we have to divide the amount we got already by the estimated useful life
34000/8=4250 the dep amount for the first year
Every year we have to do the same process as shown above to get the dep exp amount
Not all competitive benefits go to large-sized businesses. Smaller businesses have a lot to gain from this can start rivalry-related activities more rapidly.
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins.
Success in business depends on having a competitive edge over your rivals because: It can result in larger profit margins. It might encourage attracting more clients more frequently. It promotes continued brand loyalty.
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