Answer:
$34,200
Explanation:
Step 1 : Cost of Equipment
<em>Cost of Equipment include Purchase Price plus other costs directly incurred to put the asset in location and condition intended for use by management</em>
Cost of Equipment = $110,500
Step 2 : Depreciation
Depreciation = (Cost - Residual Value)/ Useful Life
= $17,100
Step 3 : Accumulated Depreciation
Accumulated Depreciation = $17,100 x 2 = $34,200
Therefore,
the amount of accumulated depreciation at December 31, 2022 is $34,200
Answer:
C. Business Strategy
Explanation:
White Leo Autos has four different cars and each of them operates as a separate Strategic Business Unit SBUs.
Business strategy is how the SBU competes in the market. The competitive strategy of the unit like differentiation strategy or cost leadership etc.
Corporate strategy focuses on how each SBU is operating and how it serves to the mission and vision of the organisation.
Functional strategy focuses on the different functions like HR, marketing, finance of each SBU.
Answer: 60%
Explanation:
Find the ending work in process.
Materials are complete at inception so the Equivalent units of Materials represent the total units.
Ending WIP will therefore be:
= Materials EUP - Units started and completed
= 5,000 - 3,500
= 1,500 units
Stage of completion is based on Conversion.
Conversion EUP = Total started and completed + (x% * Closing WIP)
4,400 = 3,500 + (x% * 1,500)
4,400 = 3,500 + 15x
15x = 4,400 - 3,500
15x = 900
x = 900/15
x = 60%
<em>Conversion is 60% complete so this is the stage of completion. </em>
Answer:
- The corporation survives even if managers are dismissed.
- Shareholders can sell their holdings without disrupting the business.
Explanation:
Large corporations are not as easy to dissolve as other types of companies because they have other resources that are able to keep them going if they lose some. One of those resources could be a manager. Should a manager be dismissed, the corporation will survive and simply replaced the dismissed manager.
Also with such corporations, the shareholders can simply sell their shares and the business's operation will not be disrupted as the shareholders do not have any direct say over the day to day running of the business.
