Answer:
a)
30 September 2020 Depreciation expense $5150 Dr
Accumulated Depreciation $5150 Cr
b)
30 September 2020 Cash $16900 Dr
Accumulated Depreciation $47150 Dr
Loss on Disposal $7250 Dr
Equipment $71300 Cr
Explanation:
a.
we will record the first nine months 2020 depreciation expense and credit the accumulated depreciation account by this amount to update the account.
b.
We will calculate the accumulated depreciation amount till 30 september 2020 = 42000 + 5150 = 47150
The carrying value of the equipment = 71300 - 47150 = 24150
The loss on disposal = 16900 - 24150 = 7250
The cash received, loss on disposal and accumulated depreciation account will be debited and the equipment account will be debited.
The type of goal that Nick has set for himself is a short term goal which lasts for six months. Nick did very well in keeping to his goal and he was able to achieves a substantial part of his goal before the time he sets for himself. But if Nick has added an extra $50 to the money he pays monthly, he would have completely achieved his set goal in four months.<span />
Answer:
The Scion xA EAC: -7,953.41
The Toyota Prius EAC: -8,043.16
Explanation:
<em>The equivalent cost is the PMT of the present worth of the asset,</em> so the first step to solve for EAC is to calculate the present worth:
<u>The Scion xA:</u>
Purchase 15,500
Present value of the cash flow needs:
C 1,500
time 3
rate 0.12
PV $3,602.7469
<u><em>Present worth: </em></u>15,500 + 3,602.75 = 19,102.75
<em>Now, we calcualte the PMT:</em>
PV 19,103
time 3
rate 0.12
C $ 7,953.410
<u>Toyota Prius:</u>
Purchase: 22,000
present value of annual OCF
C 800
time 4
rate 0.12
PV $2,429.8795
present worth: 24,429.88
Equivalent annual cost:
PV 24,430
time 4
rate 0.12
C: $ 8,043.158
Firms are known for their strategies. The thing a firm must do after diagnosing it's specific competitive challenge is to create an effective guiding policy.
A firm can be able too achieve competitive advantage through a lot of means such as supplying similar product or service at lower cost.
<h3 /><h3>In which ways can firms maintain its competitive advantage?</h3>
- By Creating a Corporate Culture that brings the good Talent
- To know all about the DNA Footprint of their Ideal Customer.
- To set up their special Value Proposition.
Policies can help a firm in duties as it helps employee to carry out their specific functions orderly.
Learn more about competitive advantage from
brainly.com/question/14030554