Answer:
companies to make sure their business activities align with strategy.
Explanation:
A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company. The four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
Hence, the main purpose of using a balanced scorecard is for companies to make sure their business activities align with strategy.
Answer:
Explanation:
Bank reconciliation
Unadjusted book balance 16,216
Add: Debit memo for service 10
Less: Credit memo for int. earned 6
True cash balance 16,220
Unadjusted book balance 15,119
Add: Outstanding check 3,276
Less: Deposit in transit 2175
True cash balance 16,220
Answer:
1<em>. Emergency surgery is less elastic than cosmetic surgery.</em>
<em>2. A cheeseburger at 2:00 am at a 24 hours restaurant is less elastic than a cheeseburger at 7:00 pm at a 24 hours restaurant.</em>
<em>3. Monthly electricity consumption is less elastic than yearly electricity consumption.</em>
<em>4. The wall street journal is more elastic than wall street journal at the airport.</em>
<em>5. Red cars are less elastic than all cars.</em>
Explanation:
1. Emergency surgery is a necessity and if there is necessity the demand will be inelastic.
2. At 7 pm there are more restaurant open so there will be more offer than 2 am, so if there is more offer the demand is more elastic.
3. Monthly electricity consumption is less elastic because, electricity tend to increase in long run because consumer have more time to adjust their behavior.
4. To buy wall street journal there are few places and less time in the airport than in other places to buy so demand will be less elastic.
5. If there are few substitute only red cars demand will tend to be inelastic. on the contrary, if there are more substitutes (any color car), the demand for the good will be elastic and its consumption can be replaced.
Answer:
The annual straight line depreciation for this asset is $400,000
Explanation:
Total cost of the asset = Purchased cost + installation costs
= $7,500,000 + $300,000 = $7,800,000
The firm uses the straight-line depreciation method, Depreciation Expense each year is calculated by following formula:
Annual Depreciation Expense = (Cost of Asset − Salvage Value )/Useful Life
In there, the asset will have salvage value of $1,800,000 and useful life of 15 years
Annual Depreciation Expense = ($7,800,000 - $1,800,000)/15 = $6,000,000/15 = $400,000