Answer: The asset's cost minus its accumulated depreciation.
Explanation: The book value of equipment owned by a company is the total worth of a company if it liquidated all its assets and substracted it's liabilities.
For easy computation it can be described as the Value of the Assets minute the accumulated depreciation for an equipment that depreciates according to time. Book value is of importance to the business as it helps to show what amount is actually the worth of a company when liquidated.
Answer:
Executive support systems
Explanation:
Executive Support Systems enable users to convert organisational data from various departments (such as accounts, HR, sales etc.) into summarized reports needed by senior management to make key decisions. Some Executive Support System tools can be used to analyze data and enable top management to determine forecasts based on input data.
Answer:
$860,000
Explanation:
If Clement correctly recognised $43,000 in royalty revenue inecember which are based on Global's estimate of July - December, $43,000 is 5% of the sales value they are estimating. So using simple proportion, we can get the sales value. (using 5% = 0.05 and 100% = 1)
1/0.05 * 43,000 = $860,000
The rate of increase for these automobiles between the two time periods is 10%
<h3>What is automobiles?</h3>
Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.
In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-
Increased rate = (current value -Initial value )/current value * 100
=( $13,200 - $12,000)/ $12,000 *100
=$1200/ 12000 *100
= 10%
Therefore, the rate of the increase for these automobile between 2 periods is 10%.
Learn more about increase rate here:
brainly.com/question/20820218
#SPJ1
Answer: Supply is more elastic than demand
Explanation:
Elastic demand means if there is an increase in price then the quantity demanded will decrease. Percentage change in price results in a percentage change in quantity.
If supply is more elastic then that would mean the producers are getting affected. Because a change in price would affect the quantity demanded and hence would affect the supply of the product. Taxes would mean the producers would have to increase the price of the product hence, affected producer surplus and decreasing the demand of the product.
