Learning.
Or at least I believe so. Are there multiple choice?
a. Single-period inventory model
In this model, inventory is ordered once at the beginning of the period, not replenished during the period, and anything left over at the end is scrapped.
Answer:
ACME Drilling should record impairment loss of $6.9 million
Explanation:
According to GAAP, when the fair value of an asset is below the net carrying amount of that asset ( Asset's historical cost - Asset's accumulated depreciation or the net book value of the asset), the Company should record it as asset impairment loss.
In ACME's case, the net book value is $18.6 million while the estimated fair value is only $11.7 million meaning that the platform is actually worth less than it is recorded on ACME's book. Thus, an impairment loss of $6.9 million should be recorded ( $18.6 million - $11.7 million) to realize the fair value of the oil-drilling platform.
The sum of projected sum of future cash flows in this case is not suitable to be used to determine the oil-drilling platform because it has not been discounted to the present value amount, and also, it is not appropriate under GAAP.
Answer:
The correct answer is<em> Many employers use Google or social media sites to screen job candidates because these tools are not effective</em>.
Explanation:
The technologies called 2.0 are being integrated in most Human Resources departments. Social networks are becoming the most effective channel, with greater projection and potential for the dissemination of job offers, and to locate talent. The selection is possible to make it every time in less time and with the minimum cost. The recruiter evolves from a passive position (publish an offer and wait for the person who meets the requirements to sign up and present his CV), to be an active element, find the ideal talent and seduce him for the company.
