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Based on the given information, it can be concluded that Derek is implementing the process of Depreciation.
<h3><u>Explanation:</u> </h3>
When dealing with assets whether fixed or non-fixed, the cost over its useful life is reduced in a systematic manner until it reaches zero. This is known as depreciation. It represents the value of the said asset that has been used up. The significance of depreciation is to allow the company to make revenue from the assets while the proportion of buying cost is expended during its service.
Failure to depreciate assets can negatively affect the company’s profits. There are different methods used to calculate depreciation and all depends on the following factors: salvage value, the asset cost price, and useful life.
The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
<h3>What do you mean by elastic demand?</h3>
When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.
Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
Learn more about elastic demand:
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A good way to use a cover letter to start a two-way conversation with a potential employer is:
- Demonstrate excitement for the business.
- Accentuate a shared link.
- Start with a noteworthy accomplishment.
- Bring up a noteworthy topic.
- Show enthusiasm for what you do.
- Tell a unique tale.
- Start with a statement of belief.
<h3>
What is a cover letter?</h3>
- A letter of introduction that is connected to or is included with another document, such as a resume or curriculum vitae, is known as a cover letter, cover letter, inspiration letter, motivating letter, or letter of motivation.
- You should address two primary points in your cover letter: why you are the ideal candidate for the position, and why you are enthusiastic about working for the organization.
- Your cover letter should primarily consist of factual information without any filler or stereotypes.
A good way to use a cover letter to start a two-way conversation with a potential employee:
- Demonstrate excitement for the business.
- Accentuate a shared link.
- Start with a noteworthy accomplishment.
- Bring up a noteworthy topic.
- Show enthusiasm for what you do.
- Tell a unique tale.
- Start with a statement of belief.
Therefore, a good way to use a cover letter to start a two-way conversation with a potential employer is:
- Demonstrate excitement for the business.
- Accentuate a shared link.
- Start with a noteworthy accomplishment.
- Bring up a noteworthy topic.
- Show enthusiasm for what you do.
- Tell a unique tale.
- Start with a statement of belief.
Know more about a cover letter here:
brainly.com/question/3602860
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