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AfilCa [17]
1 year ago
12

Joe is thinking about buying a very good lawn tractor to save the money that he now pays to a lawn service. It will cost $3,000

and Joe expects it to last 10 years, with an average depreciation cost of $300 per year. Joe's wife, who opposes this purchase, feels that Joe will get bored with his tractor in a year. Joe counters by telling her that if he does, he will be able to sell it for about $2,700, which is the purchase price minus first-year depreciation. What do you think about Joe's argument?
Business
1 answer:
n200080 [17]1 year ago
3 0

Answer:

Depreciation refers to the expense matching against revenue caused from such capital project. It does not mean that after deducting the depreciation for a year the asset has the same market value as of the carrying value.

Here, the cost of tractor being capital asset is $3,000

Depreciation is $300

Carrying book value = $2,700

Now, it does not reflect the market value. Therefore, Joe's argument that now he can sell the tractor at a price of $2,700 is not valid. As he might or might not be able to sell the tractor for same.

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Explain how the boss at the company in the following scenario could have delegated the tasks more appropriately : Samuel and Mar
OverLord2011 [107]

Answer:

Should have had Martha negotiate the logistics of the financial deal then have Samuel come up with the strategy plan

Explanation:

Samuel is quality control so he would know how to come up with a plan to best fit customer and company need assuring that both parties get the most out of the exchange and or business agreement

5 0
2 years ago
Kushman Combines Inc. has $20,000 of ending finished goods inventory as of December 31, 2017. If beginning finished goods invent
just olya [345]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Kushman Combines Inc. has $20,000 of ending finished goods inventory as of December 31, 2017. If beginning finished goods inventory was $10,000 and the cost of goods sold was $50,000.

We need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

50,000= 10,000 + cost of goods manufactured - 20,000

50,000 + 20,000 - 10,000= cost of goods manufactured

60,000= cost of goods manufactured

5 0
1 year ago
John, a line supervisor, has decided to increase Kerry's responsibilities by delegating more work to her station. what is the fi
melomori [17]
<h2>Clarify the assignment would be the first step john should take to increase Kerry's responsibilities.</h2>

Explanation:

Option A: If a new work is assigned or an additional work is assigned, it is necessary to first explain about the new responsibility and clarify about the assignment. This would ensure Kerry to continue the work smoothly.

Option B: Feedback is always welcome but this is not the first step to add responsibilities.

Option C: Notifying others is the responsibility of John and not Kerry. So this choice is invalid.

Option D: Accountability though it is mandatory comes only in the closure part.

7 0
2 years ago
The price of oil in the United States has been very volatile over the last 50​ years, with the real price of oil showing a few d
Snowcat [4.5K]

Answer:

The first dramatic swing happened in the 1970s when there was a sharp <em><u>rise</u></em> in the real price of oil caused by the <em><u>formation of OPEC.</u></em>

In 1973, the World saw it's first oil spike when members of the Organization of Oil Exporting Countries (OPEC) being mostly Muslims, decided to punish the Western World for their perceived support of the Israelis in the Yom Kippur War. They placed an embargo on the sale of oil to the West and because they controlled 56% of the then World supply, this was enough to force the price of oil up due to the reduction in demand.

<em />

The second swing happened in the 2000s when there was a sharp <em><u>rise</u></em><u> </u>in the real price of oil caused by <em><u>increased demand from emerging economies.</u></em>

From the early 2000s to 2008, the price of oil kept rising steadily till it reached around $147.30 in July 2008. This rise in prices was due to increased demand from newly industrialized and emerging nations like China that needed the oil to maintain their rapid growth.

<u><em /></u>

The most recent swing happened in 2008 when there was a sharp <em><u>drop</u></em><em> </em>in the real price of oil caused by<em> </em><em><u>a large financial crisis.</u></em><em> </em>

By December 2008, the price of oil had fallen to $32 and this was down to the global recession that was ravaging the World known as the Great Recession. As the world saw economic output fall, demand for oil decreased sharply thereby forcing the price of oil to fall dramatically.

3 0
2 years ago
Which of the following statements best characterizes how digital Internet-based streaming is trending?
aev [14]

Answer:

last choice

Explanation:

it is the last choice

3 0
1 year ago
Read 2 more answers
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