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3 years ago

The notion of competitive advantage means that:

Business

1 answer:

Elenna [48]3 years ago

4 0

Answer:

The correct answer is A. A successful firm will stake out a position unique in some manner from its rivals.

Explanation:

A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographical location or high barriers to entry, which can be enhanced if we have a product that is hardly imitable Or we have a great brand.

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Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is

solmaris [256]

Depreciation Expense for 2019 is $10,800 while Depreciation Expense for 2020 is $9,720

Rate of Depreciation = (Cost - Residual Value) ÷useful life

= ($42,000 - $2,000) ÷ 150,000 miles

= $0.27

Depreciation Expense = Rate of Depreciation x unit of miles during the period

So,

Depreciation Expense for 2019 = $0.27 x 40, 000

= $10,800

Depreciation Expense for 2020 = $0.27 x 36,000

= $9,720

Journal entries to record depreciation expense

Date Account titles and explanation Debit Credit

2019 Depreciation Expense $10,800

Accumulated Depreciation $10,800

Date Account titles and explanation Debit Credit

2020 Depreciation Expense $9,720

Accumulated Depreciation $9,720

See similar questions here: brainly.com/question/22525382

8 0

3 years ago

During 2017, William purchases the following capital assets for use in his catering business:

mamaluj [8]

Answer:

$21,640.

Explanation:

So, we are given the following data or parameters or information which is going to assist us in solving this question/problem:

=> "New passenger automobile (September 30) = $61,600."

=> "Baking equipment (June 30) = 18,480"

=>" William decides to use the election to expense on the baking equipment (and has adequate taxable income to cover the deduction) but not on the automobile (which has a 5-year recoveryand he also uses the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation. "

=> "Assume he has adequate taxable income."

Therefore, if we are to follow the rules of the Internal Revenue Services, the new passenger automobile that is the depreciable limit = 11,160 - 8000 = 3,160.

Hence, the maximum depreciation deduction = Baking equipment + depreciable limit = 18,480 + 3,160 = $21,640.

3 0

3 years ago

If Joe were to introduce himself as Dr. Early to sell to Gensol, knowing that people would assume that he was a medical doctor,

valentina_108 [34]

Answer:

Explanation:

Yes if he is giving his opinions on Gensol just to increase the sales and he is not a medical doctor, and people will assume that he is, then he will enter in fraudulent activity. Obviously this is not a criminal offense but its not ethical.

Just to increase sales he must not introduce himself as doctor of anything, considering the fact that people will consider him medical doctor and rely on his opinion. Its purely unethical and immoral.

3 0

4 years ago

Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeM

mihalych1998 [28]

Answer and Explanation:

The preparation of the schedule of cash collections from sales for October, November, and December is presented below:

Particulars October November December

Sales $58,000 $65,000 $72,000

Cash sales $14,500 $16,250 $18,000

($58,000 × 0.25) ($65000 × 0.25) ($72,000 ×.25 )

Credit sale $43,500 $48,750 $54,000

($58,000 - $14,500)

September account receivable $35,000

current month payment

October credit sale: $13,050 $30,450

($43,500 × 30%) (43500 ×70%)

November credit sale $14,625 $34,125

($48,750 × 30%) (48750 × 70% )

December credit sale: $16,200

($54,000 × 30% )

Total cash collected $62,550 $61,325 $68,325

($14,500 + $35,000 + $13,050) ($16,250 + $30,450 + $14,625) ($18,000 + $34,125 + $16,200)

5 0

4 years ago

SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,554,000 Cost of goods sold 761,460 Gross profit 792,540 Oper

Lemur [1.5K]

Answer and Explanation:

The preparation of operating activities is given below:-

Statement of Cash Flows

Cash flows from operating activities

Net income $484,848

Adjustments to reconcile net income to net cash

Income statement items that is not affecting cash

Depreciation expense $37,296

Amortization expense - Patents $4,662

Less: Gain on sale of equipment ($6,216)

Changes in current operating assets and liabilities

Less: Increase in accounts receivable ($36,750)

Less: Increase in inventory ($24,550)

Less: Decrease in accounts payable ($13,850)

Less: Decrease in salaries payable ($2,900)

Net cash provided by operating activities $442,540

7 0

3 years ago