<span>Differentiation and low cost leadership strategies are referred to as generic business strategies due to the fact that they can be used in basically any organization, regardless of the industry.</span>
Answer:
Goal formation is a process of how a goal is initiated or added to, while goal displacement is a process whereby goals are shifted out, changed, toned down or removed from the original set.
Answer:
Sara Co total expenses in a single-step income statement is $231000 as found in the attached
Explanation:
Single-step income statement gives the net profit of a business by deducting total expenses from total revenue.
It differs from two-step income statement where revenue expenses are categorized into, namely direct and indirect,which enables the gross profit and net profit to be calculated differently.
Since total revenue for Sara Co from all sources is $256,000,the resultant net profit for the year is $25000($256000-$231000).
Answer:
depletion expense recognize over the first year: 400,000 dollars
Explanation:
it cost 2,500,000 the right to extract 10,000 tons
To obtain therate we divide the cost over the expected tons of materials
rate per ton: 2,500,000 / 10,000 = 250 dollars
Now we calculate the depletion based on the amount extracted on the first year:
<em>first year extractions: </em>1,600 tons
depletion expense: 1,600 tons x 250 dollars = <em>400,000</em>
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One reason why limited liability companies (LLC's) have become so popular is that they have the advantages of a corporation as to liabilities and have lesser tax. Members of the LLC will only be taxed once while corporations are taxed in their income and its individual shareholders.
