Answer:
$69,300
Explanation:
The computation of the amount of the new equipment for equipment A is shown below;
Since the transaction has the commercial substance and also the cash is received
So, the amount of the new equipment is
= Fair value - cash received
= $81,100 - $11,800
= $69,300
Hence, the amount of the new equipment is $69,300
Answer:
new
Explanation:
If the product is truly new, it is bought by novelty fans, snobs; This phase would be equivalent to that of the early childhood of the human being.
The product at this time is new and unknown, so it is necessary to spend some time in publicizing the product and gaining market acceptance. Sales start and grow very slowly. The benefits are non-existent in almost all this phase. The time when they start to occur usually coincides with the end of this stage.
That is why it is said that in addition to the FTC having a legal definition of the same, it is defined by the experienced consumer.
Answer:
a. VRIN test, which asks if a resource is valuable, rare, inimitable, and non-substitutable.
Explanation:
Applying Barney's (1991) VRIN framework can determine if a resource is a source of competitive power. To serve as a basis for sustainable competitive advantage, resources must be:
valuable: meaning that they must be a source of greater value, in terms of relative costs and benefits, than similar resources in competing firms. When resources are able to bring value to the firm they can be a source of competitive power.
rare: rareness implies that the resource must be rare in the sense that it is scarce relative to demand for its use or what it produces. Resources have to deliver a unique strategy to provide a competitive advantage to the firm as compared to the competing firms. Consider the case where a resource is valuable but it exists in the competitor firms as well. Such a resource is not rare to provide competitive power.
inimitable: it is difficult to imitate. Resources can be sources of sustained competitive power if competing firms cannot obtain them. Consider the case where a resource is valuable and rare but the competing organizations can copy them easily. Such resources also cannot be sources of competitive power.
non-substitutable: other different types of resources cannot be functional substitutes. Resources should not be able to be replaced by any other strategically equivalent valuable resources. If two resources can be utilized separately to implement the same strategy then they are strategically equivalent. Such resources are substitutable and so are not sources of sustained competitive power.
The criteria of the VRIN Framework clearly rules out best practices as a source of competitive advantage. If other firms can easily understand and copy a capability, it is not a source of competitive power.
Answer:
Compounding formula would be used here which is as under:
Future Value = Present value * (1+r)^n
FV = (PV is $2000) * ( 1 + 4%)^ 3 number of years
Remember that r is the return that is 4% that Sarah Jones will receive.
So
FV = $2250
So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.
<span>What businesses must do in order to fulfill their legal and financial regulations is report information about the assets they sell. Whatever happens to their assets, if they acquire new ones or sell old ones, these business have to report about their activities to the higher authorities. So, for example, if they buy or sell a piece of land, this has to be reported immediately.</span>
