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adell [148]
3 years ago
13

Difference between profit and loss

Business
1 answer:
inessss [21]3 years ago
6 0
Profit is when the selling price is more than the cost price or revenue is more than the cost while loss is the opposite of profit.
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On January 1, 2016 Dinwiddie Company purchased a car that cost $45,000. The car had an expected useful life of 6 years and a $10
disa [49]

Answer:

.B. The amount of depreciation expense recognized in 2019 would be greater if Dinwiddie depreciates the car under the straight-line method than if the double declining balance method is used

Explanation:

The double-declining method recognizes higher depreciation amounts in the first years of an asset 's life. The method applies twice the rate of the straight-line method on a declining book value balances.  In the latter years, the depreciation amount will be less because the book value will have declined considerably.

In this case, a useful life of six years attracts a straight-line depreciation rate of 16.6 % (1/6 x 100). the double-declining method will apply a rate of  33.2 %.

The straight-line method applies a constant rate throughout the use-life of an asset. The book value decreases at a constant rate, unlike in double -declining, where the book value decreases rapidly in the early years of the asset.  2019 will be the fourth year in this case. The fourth-year is in the latter stages of a six-year useful life.

3 0
3 years ago
A problem with the utilitarian principle of ethical decision making is that:_______.
NikAS [45]

Answer:      

Option D                  

Explanation:

The Utilitarian Strategy analyses an intervention in consideration of its effects or results; that is, the net advantages and expenses to all different participants.

It aims to accomplish the maximum good for the greatest amount while producing the least amount of suffering or preventing the most suffering.

In a business setting, this method may focus on a statistical methods of likely results, a traditional cost / benefit calculation, or evaluation of the potential usefulness of a result for different group participants.

5 0
3 years ago
Which of the following best states the main difference between a monopoly and an oligopoly?
MrMuchimi

Answer:

C:Oligopolies involve more than one company while monopolies involve only one.

Explanation:

A monopoly is a market structure with one supplier serving a very large market. In a monopoly, a single firm sells to many buyers. The product or service offered by a monopoly has no close substitutes. Customers have no choice but to buy from the only firm providing the product or service. Monopolies may result from government policy or very restrictive barriers of entry.

An oligopoly is a market structure where very few firms dominated the market . It when four or five firms control the majority market share of a very large market. There could be other firms with very little market share. Firms in an oligopoly market may sell homogeneous or differentiated products. The few firms dominating the industry collaborate to profit from the market.

8 0
3 years ago
At the beginning of the current year, Paxx County’s enterprise fund had a $125,000 balance for accrued compensated absences. At
valentina_108 [34]

Answer:

a. $425,000

Explanation:

<em>Calculation of compensated absences expense for the year</em>

Closing balance of compensated absences        = $150,000

+ Payments made for compensated expenses   =   $400,000

- Opening balance of compensated absences    =<u> - $125,000</u>

Compensated absences expense for the year =     $425,000

7 0
3 years ago
Part 1 Create a performance appraisal template that you feel meets the needs of your current or previous position and organizati
Hoochie [10]

Answer:

Answer for the question:

"Part 1 Create a performance appraisal template that you feel meets the needs of your current or previous position and organization. The appraisal should include a rating scale and five competencies you would recommend the organization to evaluate staff on. At minimum, include a rating scale guideline (i.e., description of what each rating is composed of). Attach your performance appraisal template to the initial post. Part 2 In the body of your post, explain why you selected the five competencies and how your selections contribute to effective employee performance management, training, and development programs."

is explained in the the given attachment.

Explanation:

Download pdf
8 0
3 years ago
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