Answer: true
Explanation:
A budget that is prepared before the beginning of the period for a specific level of activity is called a static budget.
A static budget is a traditional budget that outlines the planned revenues and expenses for a given period based on a single level of activity. It is typically prepared at the beginning of the fiscal year or planning period and is based on the assumption that the activity level will remain constant throughout the period. The static budget is useful in providing a clear financial plan for the organization, allowing management to determine the resources that are required to achieve specific goals.
However, one of the limitations of a static budget is that it does not account for changes in activity levels, making it difficult for management to adjust to changing conditions. This is where flexible budgets come into play, which are designed to adjust for changes in activity levels and provide more accurate financial projections.
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Creative ways of thinking require the act of connecting the dots to make sense of ideas. Of the listed options, that which is not a creative way of thinking is;
When an idea is judged as realistic or not, the brain is not tasked to think deeply about the ideas raised. Creativity entails finding out new ways to do things.
A central idea can be drawn and ideas connected to it to reach new conclusions. Extensive thinking and challenging the status quo are all creative ways of thinking.
Therefore, option B is not a creative way of thinking.
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Options:
A. Challenge the Usual
B. Judge Each Idea as Realistic or Not
C. Draw Idea Maps
D. Think Backward
The depreciation for 2018 should be $5,625. The correct answer is $5,625.
Let's go through the process of calculating the depreciation for 2018 using the straight-line depreciation method and the updated residual value.
1. Initial cost of the machine: $55,000
2. Original residual value: $5,000
3. Service life: 10 years
4. Original annual depreciation: ($55,000 - $5,000) / 10 = $5,000
Now, let's consider the revision of the residual value in 2018:
5. Revised residual value: $0
6. Remaining service life in 2018: 10 years - 2 years (2016 and 2017) = 8 years
First, we need to calculate the book value of the machine at the end of 2017:
7. Book value at the end of 2017: Initial cost - (Original annual depreciation × 2 years) = $55,000 - ($5,000 × 2) = $45,000
Now, we can calculate the revised annual depreciation for the remaining service life:
8. Revised annual depreciation: (Book value at the end of 2017 - Revised residual value) / Remaining service life = ($45,000 - $0) / 8 years = $5,625
The correct answer is $5,625.
The complete question is:
on january 1, 2016, the holloran corporation purchased a machine at a cost of $55,000. the machine was expected to have a service life of 10 years and a $5,000 residual value. the straight-line depreciation method was used. in 2018 the estimate of residual value was revised from $5,000 to zero. depreciation for 2018 should be:
Multiple Choice
$4,500
$5,500
$5,625
$5,000
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B) False
Answer: The correct answer is "False".
Explanation: The statement "In facility location decision making matching the educational and skill levels of the labor pool to a company's needs is even more important than the labor pool's willingness and ability to learn." is FALSE because The willingness and ability to learn from the work group is much more important rather than the decision-making that corresponds to the educational levels and skills of the work group.
Answer: n(22)
Revenue is referred to as sales from goods and services. It is calculated by multiplying the selling price of each unit by the total number of units sold. In the example, a bookstore that sells (n) number of books at $22 per book generates n(22) in sales revenue.
The equation which represents the revenue function for the bookstore is:R=n(22)
Answer:
Explanation:
16n + 125