Product departmentalization is being utilized. Product departmentalization is an organisational technique in which personnel are divided into teams to work on all areas of a specific project or product line.
Every product line has its own department or team, with people specialising in various elements of product development and distribution. LA Gear is a corporation that employs product departmentalization. Its structure is built on its diverse product lines, which include women's footwear, among other things. Customer departmentalization is the grouping of activities based on common customers or customer kinds. Product departmentalization distinguishes employees based on the organization's products or services.
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when comparing societies, it is always best to be in one with a lower degree of income inequality. this is: question 8 options: a) scientifically provable to be true since income inequality is the most important consideration, and certainly more important than whether incomes are rising or not. b) a normative statement, but cannot be proved to be true scientifically. c) clearly false since economic science proves that a rising income is the most important consideration. d) because the natural rights theory says that everyone has a right to an equal income in order to have a fair society.
when comparing societies, it is always best to be in one with lower income inequality. this is a normative statement, but cannot be proved to be true scientifically.
Income inequality refers to how income is distributed unequally across a population. The more unequal the distribution, the greater the income inequality. Wealth inequality, or the unequal distribution of wealth, is frequently associated with income inequality.
The gap between rich and poor continues to grow. If there has been any growth, it has disproportionately benefited higher-income groups, leaving lower-income households behind. This long-term rise in income inequality raises not only social and political concerns but also economic ones. It tends to drag down GDP growth as the lower 40% grows further apart from the rest of society. Lower-income people have been unable to realize their human capital potential, which is detrimental to the economy as a whole.
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daniel is a house painter. right now, he charges $80 to paint a wall and sells 11 walls per month. suppose he estimates his demand curve and finds out the price elasticity of demand is 0.5. if he increases his price to $120, what will happen to his total revenue?
According to the given information, The total revenue of Daniel, a house painter, will decrease.
For pricing decisions, the price elasticity of the demand is crucial because it determines how responsive the quantity demanded is to price changes. When the demand is elastic, it is not a good idea to raise the price of the good. A price increase is advised in these types of circumstances to increase total revenue because inelastic demand means that the quantity demanded changes less than proportionately to a change in prices. The demand is relatively elastic in the example because the price elasticity of demand has a value greater than 1, which indicates. We can say that the demand is inelastic if the value is less than 1.
If the demand is elastic, a price increase would result in a decline in total revenue.
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shelley has a $180,000, 9%, 15-year loan. using an amortization schedule, what is the principal balance before payment 4 is made?
Prior to the fourth payment being made, the principal balance is $178,558.24.
What is the balance of the principal?At its most basic level, a principal balance is an amount still owed on a loan that must be repaid in order to settle the debt. It does not account for accruing fees or potential interest. Without including any of the interest that must be paid, the main balance is equal to the whole amount initially borrowed less the amount that has already been repaid.
When the entire principal is paid, the loan is considered repaid. Amortization, a term used to describe the process of making interest and principal payments, is typical for mortgages and auto loans. On the principal balance of the loan, interest is assessed.
Calculation:
$180,000 ÷ 1,000 = $180 X 10.15 = $1,827.
Table Factor = 10.15 ((N = 15, i = 9%))
$180,000 × 9% × 1/12 = $1,350.
$1,827 - $1,350 = $477.
Prior to Payment 2, the principal debt was $180,000 - $477 = $179,523.
$179,523 × 9% interest × 1/12 = $1,346.42.
$1,827 - $1,346.42 = $480.58.
The principal balance prior to Payment 3 was $179,523 - $480.58 = $179,042.42.
$179,042.42 x 9% interest × 1/12 = $1,342.82.
$1,827 - $1,342.82 = $484.18.
$179,042.42 - $484.18 = $178,558.24 the principal balance after Payment 3 and before Payment 4.
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an association of two or more companies engaged in a solitary business enterprise for profit without actual partnership or incorporation is called a(n) .
A joint venture (JV) is an agreement between two or more parties to combine their resources in order to carry out a certain objective.
JVs are not partnerships. That phrase only applies to a single company that was created by two or more people. JVs combine two or more separate businesses into a single one that might or might not be a partnership.
What are the four different entry methods for joint ventures?
Licensing, contract manufacturing, management contracting, and joint ownership are the four categories of joint ventures. This type of joint venture necessitates that the corporation enter a foreign market with a licence agreementrship.
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marissa purchases $500 of stock directly from a corporation without having to use an account executive or a brokerage firm. she is using a
Marissa purchases $500 of stock directly from a corporation without having to use an account executive or a brokerage firm. She is using a Direct reinvestment plan.
What is a dividend reinvestment plan?A Dividend Reinvestment Plan or DRIP is a program that allows shareholders to automatically reinvest their cash dividends into additional company shares. The company will set a limit on how many shares the investor can purchase in one transaction. For example, up to 100 shares with each DRIP purchase.
Some companies also offer cashless Dividend Reinvestment Plans that allow investors to automatically reinvest their dividends without purchasing stock.
Investors that choose this type of plan must use dividend-paying stocks like preferred stocks, common stocks, and money market funds.
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at the beginning of his current tax year, eric bought a corporate bond with a maturity value of $33,000 from the secondary market for $26,700. the bond has a stated annual interest rate of 6 percent payable on june 30 and december 31, and it matures in five years on december 31. absent any special tax elections, how much interest income will eric report from the bond this year and in the year the bond matures?
Interest income reported this year is $1,980 and $1,602 the year bond matures.
What is the maturity value?
The amount owed and due to be paid to the holder of a financial obligation as of the obligation's maturity date is its maturity value.
Maturity value this year in the given question =$33,000
Maturity value in the year when the bond will mature=$26,700
The annual Interest rate on bond=6%
Calculation
Interest income reported this year according to the information given in the question is
Interest income=(maturity value × interest rate/2) × 2
=$33,000× 6%/2) × 2
Interest income=$1,980
Interest income reported the years the bond matures
Interest income=(maturity value × interest rate/2) × 2
=$26,700× 6%/2) × 2
Interest income=$1,602
So, Interest income is $1,980 and $1,602 respectively.
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you have been hired to conduct a job analysis at a local fast food chain. after completing your analysis, you conclude that the job requires employees to have knowledge of the menu, interpersonal skills, and customer service skills. what type of job analysis have you performed?
As a job analyst, after completing the job analysis, it can be understood that it was a skills-based analysis.
In a skill-based job analysis, the person's skills are measured and put to the test. For example, here, it can be seen that the job requires the employees to have good knowledge of the menu, interpersonal skills, and customer service skills. Conducting an analysis based on these factors will result in an employee who is well-skilled in these fields. As a job analyst, the major area of focus is the skills the employee has for the job.
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your client, skip, is an investor who's just opened a thriving new sporting goods store in a location outside the city. what principle of value indicates that his thriving business will attract others to engage in similar activity in the same area, driving down his profits?
Your client, Skip, is an investor who's just opened a thriving new sporting goods store in a location outside the city. Principle of competition indicates that his thriving business will attract others to engage in similar activity in the same area, driving down his profits.
Answer - Principle of competition
What is competition and examples?
Competition is a relationship between organisms that has a negative effect on all of them. This can happen when two organisms are trying to get the same environmental resource. One common example is when organisms compete for a mate.
What are 5 examples of competition?
Intraspecific competition is an important regulator of the population size and can also act as a selective factor for evolution.
Example- Plants.Example- Corals.Example of Direct competition- Animals.Example of Indirect competition- Animals.Example of interference competition- Flamingos.Learn more about competition here :- https://brainly.com/question/25717627
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stella ann freeman is having a difficult time deciding whether or not to attend a full-time mba program. how would understanding the concept of explicit and implicit costs help her make a decision?
Commonly, explicit costs are used to represent monetary values. She must place a high value on the finances that can be utilized to purchase a car if the maintenance costs of her new car are relatively expensive.
What function do implicit and explicit serve?In writing, explicit refers to something that is directly mentioned, whereas implicit refers to something that is implied but not explicitly stated.
Opportunity cost is the loss of alternative resources in order to use a particular resource. Stella Ann Freeman will be able to make a wise financial decision if she comprehends the idea of opportunity cost. She must first assess several forms of financial sources. What she will have to give up to purchase a new car. It can include things like traveling abroad or purchasing a new insurance coverage for the future. The opportunity can also be broken down into explicit and implicit costs in order to make the greatest economic option.
Commonly, explicit costs are used to represent monetary values. She must place a high value on the finances that can be utilized to purchase a car if the maintenance costs of her new car are relatively expensive.
However, the implicit costs do not have monetary values attached to them. Purchasing a new car can satisfy social needs, serve as a status symbol, and increase value to the vehicle. In order to determine whether she can afford to get a new automobile or not, she must also estimate the cost of the new car as well as numerous indirect charges, such as insurance premiums. When determining the worth of various alternatives to purchasing an automobile, the marginal cost should be smaller than the marginal benefits from the car.
Given that resources are scarce and can be used in other ways, all economic decisions are based on the opportunity cost.
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what are the critical needs of a company utilizing a strategic project portfolio system? multiple select question. involving a team of people rather than just an individual to make decisions. establishing a common financial goal for all categories of projects (compliance, operation,and strategic.) utilizing only financial selection criteria. getting input from senior management.
The involving a team of people rather than just an individual to make decisions are the critical needs of a company utilizing a strategic project portfolio system.
A project portfolio strategic is a group of initiatives that are coordinated and optimized for an organization's tactical and financial objectives. Either the organizational or the functional level can manage a portfolio system. Combe and Githenz (1999) distinguish three broad categories of project portfolios: strategic or enterprise initiatives that add value. Operational: Initiatives that improve organizational efficiency and complete some essential functional tasks. Projects that must be completed in order to the preserve regulatory compliance.
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which of the following is not a reason why the aggregate-demand curve slopes downward? a. the wealth effect b. the interest-rate effect c. the classical dichotomy/monetary neutrality effects d. the exchange-rate effect e. all of the above are reasons why the aggregate-demand curve slopes downward.
The statement that is not a reason why the aggregate demand curve slopes downward are c. the classical dichotomy/monetary neutrality effects.
Combination demand is calculated because of the sum of customer spending, funding spending, government spending, and the distinction between exports and imports. Every time this type of factor modifications and when aggregate delivery stays regular, then there is a shift in combination demand.
Aggregate demand will increase when the additives of aggregate demand–including consumer spending, funding spending, authorities spending, and spending on exports minus imports–rise.
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if it was determined that the movement of exchange rates was not related to previous exchange rate values, this implies that a is not valuable for speculating on expected exchange rate movements. a. technical forecast technique b. fundamental forecast technique c. all of these are correct. d. none of these are correct.
The Delphi method, forecast by analogy, growth curves, extrapolation, and horizon scanning are all widely used tools for technology forecasting.
Technology forecasting normative techniques like relevance trees, morphological models, and mission flow diagrams are also frequently utilized.
What are the three methods for forecasting?
Qualitative techniques, time series analysis and projection, and causal models are the three fundamental types.
What are the four types of forecasting?
While a wide variety of quantitative budget forecasting tools are utilized frequently, this article focuses on the top four:
1) simple linear regression;
2) moving average;
3) straight-line; and
4) multiple linear regression
What is the need for technical forecasting?
Technology forecasting, like other forecasts, can assist both public and private organizations in making educated decisions. The forecaster can improve decisions to maximize benefits by analyzing future opportunities and threats.
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explain the application of the historical cost principle in dtermining the acquistion cost of plant assets
Once a cost has been determined, a business uses that sum as the foundation for accounting for the plant asset over the course of its useful life.
What is an application of historical cost?The amount paid when an object was purchased is known as the historical cost.Because it is frequently utilized in the reporting for fixed assets, historical cost is a key foundation in accounting.The basis for possible gains and losses from the sale of fixed assets is also established using this method.All costs associated with purchasing the asset and preparing it for usage are included in the cost of plant assets.Once a cost has been determined, a business uses that sum as the foundation for accounting for the plant asset over the course of its useful life.To learn more about historical cost refer,
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for certain controls, such as assignment of authority and responsibility, documentary evidence may not exist. an auditor would most likely test the controls by group of answer choices computer-assisted methods and corroboration. observation and inquiry. inspection and vouching. confirmation and recomputation.
The auditor most likely will test the procedures by Observation and inquiry.
What is mean by documentary evidence in assignment of authority and responsibility?The act defines The act defines documentary evidence as all documents produced for the court's inspection. The purpose of creating documents is to rely on the accuracy of the statements contained within them. This entails analyzing three questions when a document is produced in court:The Evidence Act of 1872 contains explicit provisions regarding documentary evidence in Chapter V, Sections 61-90. These provisions detail the guidelines and procedure for admitting documentary evidence in a court of law. It also specifies the evidentiary value of such documents. as all documents produced for the court's inspection.The purpose of creating documents is to rely on the accuracy of the statements contained within them. This entails analyzing three questions when a document is produced in court:To learn more about documentary evidence refer:
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capital budgeting decisions are treated separately from capital structure decisions, even though these decisions may be highly interwoven. this interweaving is most apt to result in:
Firms that reject positive NPV, and all-equity projects because changing to a debt-based capital structure always results in negative net present values.
In business, capital refers to the total amount of financial assets required to produce goods or services. These funds can be used to start a business, cover daily expenses, or grow and expand it.
Simply put, capital refers to cash or financial assets held by a company or individual. Because capital is used to generate wealth for the business, it is classified as an asset in accounting.
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when billing the insurance company, what resource provides the medical assistant with a common coding system representing procedures, supplies, and products not included in the cpt coding system?
HCPCS resource gives the medical assistant a common coding system to use when billing the insurance company for procedures, supplies, and items not covered by the CPT coding system.
Why is the HCPCS coding system used?A group of uniform codes known as HCPCS are used to identify medical procedures, supplies, goods, and services. The codes are used to make it easier for Medicare and other insurers to handle health insurance claims.
What does an HCPCS code do in terms of invoicing and insurance for healthcare?The Healthcare Common Procedure Coding System (HCPCS) is a database of codes that describe the procedures, products, and services that Medicare beneficiaries and people covered by private health insurance plans may get.
Do CPT codes appear in HCPCS codes?Level I and Level II of the HCPCS are the two main subsystems that make up the HCPCS. CPT (Current Procedural Terminology), a numerical coding system administered by the American.
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you would like to have enough money saved to receive a growing annuity for 25 years, growing at a rate of 4 percent per year, with the first payment of $60,000 occurring exactly one year after retirement. how much would you need to save in your retirement fund to achieve this goal? the interest rate is 12 percent.
One would need to save $632390.02 in retirement funds to achieve the goal to receive the first payment of $60,000 occurring exactly one year after retirement.
PV of growing annuity,
= i = 0.04
= r = 0.12
So,
PV = 6000 / (1+r) + 6000(1+i) / (1+r)² + 6000(1+i)² / (1+r)³ +.....+ 6000(1+i)²⁴ / (1+r)²⁵
= ((6000 / 1+r) (1 - (1+i/1+r)²⁵) / (1 - (1+i)/(1+r)))
PV = (6000 / 1.12) × 11.80461369
PV = $632390.0191
Hence, PV = $632390.02
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suppose provo city officials determine that renters often impose negative externalities on neighboring home owners, and implement the efficient command and control restriction on numbers of renters. but then the home owners themselves protest, feeling that the rule set a bad precedent. this would be an example of government failure due to
This would be an illustration of a government failure brought on by choice limitations.
This would be an illustration of a government failure brought on by choice limitations. An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can be both positive and negative and might emerge from the production or consumption of a good or service. Natural environmental externalities, such those related to public health or natural resources, are the normal. An example of a negative externality is a company that produces pollution that decreases locals' property values or health. An activity that reduces the transmission of illness or refrains from using lawn fertilizers that wash into rivers and encourage overgrowth of plants in lakes is said to have a positive externality.
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the brazilian firm coffee trader group is a major supplier of south american coffee beans to processors around the world. ctg buys raw beans from domestic growers and resells them in global markets, while controlling all marketing and distribution of the beans everywhere they are sold. ctg is a(n):
CTG buys raw beans from domestic growers and resells them in global markets while controlling all marketing and distribution of the beans everywhere they are sold. CTG is a(n): Export-trading company.
Marketing is the process of exploring, creating, and delivering value to meet the requirements of a target request in terms of goods and services;( 1)( 2) potentially including a selection of target followership; selection of certain attributes or themes to emphasize in advertising; operation of advertising juggernauts; attendance at trade shows and public events; design of products and packaging seductive to buyers; defining the terms of trade, similar as price, abatements, bond, and return policy; product placement in media or with people believed to impact the buying habits of others; agreements with retailers, noncommercial distributors, or resellers; and attempts to produce mindfulness of, fidelity to, and positive passions about a brand.
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shareholder resolutions group of answer choices may be brought to a proxy vote by any stakeholder. can only be developed by large, institutional investors. are regulated by the federal trade commission. may prompt a company to change its practices. are the least effective type of shareholder activism.
Shareholder resolutions can only be developed by large, institutional investors.
What is Shareholder resolutions?Shareholder resolutions are proposals submitted by shareholders for voting at the company's annual meeting. Shareholder Resolutions are usually rejected by management, so stick to your votes. “Voting rights have long been recognized as one of the primary rights of shareholders.” For publicly traded companies in the United States, the submission and processing of resolutions is regulated by the Securities and Exchange Commission. 4,444 4,444 shareholders have submitted resolutions primarily dealing with corporate governance issues such as executive compensation, or corporate social responsibility issues such as global warming, industrial relations, smoking, human rights and animal welfare. Almost all shareholder resolutions are non-binding. In this sense, voting on these resolutions is more like a referendum than a referendum or referendum. Nonetheless, media coverage of voting on shareholder resolutions tends to focus on whether the proposal received a majority of the votes, which happens in a very small but increasing number of cases. SEC rules allow rejected resolutions to be resubmitted only if certain voting hurdles are passed.To learn more about Shareholder resolutions from the given link :
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their plan seems reasonable and supported by experience and lessons learned. deborah wants to get budget approval at the city council meeting next week and then get started. she asks if you are ready to sign your contract. what is your response?
The response should be signing the contract. It's because based on the case above, the person we're contracting with (Deborah) is experienced and has built a good plan, so there's no reason not to sign the contract.
A risk is any condition or event that might affect a project. The existence of risk makes any project not have a guaranteed outcome, it can either succeed or fail.
Even so, the risk in a project can be reduced. Having a reasonable and good plan is one way, so we can know what are we going to do step by step. Having experience is a big help as well because the experience will help you know what to do in certain situations.
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customer relationship management (crm) is based on the idea that retailers can increase their earnings by
Customer relationship management(CRM) is based on idea that retailers can increase earnings by providing a better selection of merchandise.
Who is a Customer relationship management?Customer relationship management (CRM) is a process that allows businesses and other organizations to manage their interactions with customers by studying vast amounts of data and using data analysis in most cases.
They enable companies to gain a better understanding of the needs of their target markets and how to best meet those needs, retaining customers and boosting sales. With past, present, or potential customers, CRM can be applied. CRM stands for customer relationship management, and it refers to the ideas, practices, and guidelines that a business uses to communicate with its clients. The market for CRM is expected to reach $69 billion globally in 2020, according to Gartner.
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discuss with the sales manager whether any sales allowances have been granted after the balance sheet date that may apply to the period under audit. take a sample of sales allowances recorded after year end and obtain sufficient documentation to ensure that these allowances do not relate to prior or subsequent year sales
Checking the balance of a detailed account during an audit and Cutoff, as claimed.
When doing an accounts payable audit, what goal is most crucial?
Usually, the major goal of an AP audit is to ensure completeness, making it the most crucial step. An auditor can generally tell if records have been correctly calculated and recorded by: Cutoff tests
A substantial percentage of a business's transactions are examined using thorough audits. It is usually used to look for suspected fraud cases when there may be a few fraudulent transactions concealed among many valid ones.
Therefore, Auditors use tests of details to gather proof that the balances, disclosures, and underlying transactions connected with a client's financial statements are accurate.
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arrange the five steps of the decision-making process given below in the correct order. a. obtain information b. make predictions about the future c. identify the problem and uncertainties d. make decisions by choosing among alternatives e. implement the decision, evaluate performance, and learn
Correct order is- C = Identify the problem and uncertainties
A = Obtain information
E = Make predictions about the future
B = Make decisions by choosing among alternatives
D = Implement the decision, evaluate performance, and learn
An individual goes through a decision-making process while deciding which alternative or course of action will best suit their needs. It is a series of actions performed by managers in an organization to decide the intended course for business objectives and to initiate particular actions. Business intelligence and analytics tools should be used to help analyze objective facts and base choices on them.
You begin the decision-making process by determining the issue or selecting the objective. After that, you look for information about the issue and design uncertainties using that data.
You then pick one of the scenarios and decide in accordance with it. If the choices don't lead to the problem being solved, a different option is picked, and step 5 is repeated.
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the canadian nominal interest rate in 2010 was 1.30%. inflation in 2009 was measured at 3.64%. calculate the real interest rate. round your answer to two places after the decimal. real interest rate: % which of the statements is true? the nominal interest rate is typically greater than the real interest rate due to inflation. the difference between the real and nominal interest rate is equal to the change in gdp. the nominal interest rate is typically less than the real interest rate due to inflation. the real and nominal interest rates are always equal.
The real interest rate is -0.48% and the nominal interest rate is typically greater than the real interest rate due to inflation is a true statement.
As per the question, the Canadian nominal interest rate in 2010 was 1.30% and inflation in 2009 was measured at 3.64%.
The real interest rate can be calculated by Fisher Equation which is given below
Real interest rate=Nominal interest rate- Inflation
To calculate the real interest rate in 2010 we need to know the inflation in the 2010 year which is equal to 1.78%.
Real interest rate=1.30%.-1.78%
=-0.48%
So, the correct statement is the first one which says due to inflation nominal interest rate is greater than the real interest rate.
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amounts withheld from employee's earnings for employee income tax is considered a by the employer until the government is paid. multiple choice question. current asset long-term liability current liability long-term asset
The employer views the sums deducted from an employee's pay for employee income tax as a current liability until the government is compensated.
A current liability is a debt that the business plans to settle immediately utilizing resources shown on its current balance sheet. Accounts payable, wages, taxes, and deferred income are examples of typical current obligations.
The amount of federal income tax deducted from an employee's paycheck is known as withholding.
All of the current and fixed assets make up capital. Capital might be in the form of gifts or cash. As a result, a company entity's capital is divided into fixed capital and working capital.
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which word best describes the social, political, economic, and technological factors with which marketers interact?
Macroenvironment word best describes the social, political, economic, and technological factors with marketers interact.
The social science of economics examines how goods and services are made, distributed, and consumed. Economics focuses on the actions and interactions of economic agents as well as the operation of economies. Economics is the study of scarcity and its effects on resource use, the creation of goods and services, the expansion of production and welfare over time, as well as a wide range of other complex issues of paramount importance to society. Economics' most fundamental goal is to clarify how and why we choose the products we do. Numerous decisions made by people can be explained using the four fundamental economic concepts of scarcity, supply and demand of goods , costs and benefits, and incentives. The expansion of the labor force and the increase in labor force productivity are the two fundamental drivers of economic growth.
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jamie deposits $10,000 in an account earning 3% interest, compounded quarterly. how much will the account balance be in seven years? select one. question 5 options: a. $10,176.32 b. $10,724.14 c. $12,327.12 d. $22,879.28
The account balance be in seven years will be (a) $10,176.32
What is interest?
The Price you pay to borrow money or the Price you charge to lend money is called interest. The most common way to represent interest is as a yearly percentage of the loan amount. The interest rate on the loan is known as this percentage.
The simple interest formula:
Interest = P x R x T.
P = Principal amount (the beginning balance).
R = Interest rate (usually per year, expressed as a decimal).
T = Number of time periods (generally one-year time periods).
What are the two main type of interest?
Simplecompound interestSimple interest is calculated at a predetermined rate on the loaned borrower's principal. Both the interest paid on the principal sum and the compounding interest are referred to as compound interest. Depending on the type of interest rate, an interest rate may be simple or compound.
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which one of the following is an example of a systematic risk? group of answer choices a well-managed firm reduces its work force and automates several job categories a well-respected chairman of the federal reserve suddenly resigns a well-respected president of a firm dies unexpectedly in an accident a key employee of a firm suddenly resigns and accepts employment with a key competitor a poorly managed firm suddenly goes out of business due to lack of sales
A well-respected president of a firm dies unexpectedly in an accident. This can be an example of a systematic risk.
In finance, systematic risk is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy wide resource holdings, or aggregate income.
What is systematic risk and its types?
Types of Systematic Risk
Systematic risk includes:
Market riskInterest rate riskPurchasing power riskExchange rate risk.What is the example of systematic risk?
Examples include:
Natural disastersWeather eventsInflationChanges in interest ratesWarTerrorism.What causes systematic risk?
Systematic risk is the ongoing risk that can be caused by a combination of factors, including the economy, interest rates, geopolitical issues, corporate health, and other factors.
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a company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to the asset by recording an entry to remove it from the balance sheet. multiple choice question.
The company has decided to a) discard the asset by recording an entry to remove it from the balance sheet.
Asset disposal, which is usually accomplished by selling or scrapping an asset, is the removal of an asset from a firm's records. These are frequently long-term assets like machinery, technology, or corporate cars that helped to produce revenues. In the reporting period in which the asset disposal occurs, a gain or loss may need to be recorded on the transaction.
In the given case, the firm owns an asset which is likely to be a fixed asset. If a business holds an asset that has undergone complete depreciation, then the asset has no market value and is no longer utilised in operations. The asset has been decided to be discarded by the firm, and an entry has been made to remove it from the balance sheet.
Complete Question -
A company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to____the asset by recording an entry to remove it from the balance sheet.
a) Discard
b) Depreciate
c) Take a loss on
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