Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.
Explanation:
- The term depletion is a concept generally we use in tax and accounting.
- The meaning of depletion is to move the cost of extracting natural resources like oil and minerals from the earth to the income sheets.
- It is a non-cash expense that lowers the cost value of an asset gradually scheduling charges to the income.
- To evaluate the depletion per unit we divide the total cost less salvage value by the total number of estimated units.
Because many consumers choose stores based on proximity to their workplaces or homes, great locations are : <u>a competitive advantage that few rivals can duplicate.</u>
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A consumer is someone who buys things for a non-commercial purpose, either for themselves or for others. Companies use consumer marketing campaigns to sell to consumers. Campaign messaging focuses on both acquiring potential customers and retaining current customers.
Consumers can be either an individual or group of people who purchase or use goods and services solely for personal use, and not for manufacturing or resale. They are the end-users in the sales distribution chain.
There are four types of consumers: omnivores, carnivores, herbivores and decomposers. Herbivores are living things that only eat plants to get the food and energy they need.
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Explanation:
For continuous compounding, we use the following formula
<u>Scenario 1 : </u>
FV = $ 90
N = 2 years
I = 6%
PV= ?
PV = $ 79.82
<u>Scenario 2:</u>
PV = $ 75.17
<u>Scenario 3:</u>
PV = $ 70.80
If Jermaine defines goals, set objectives and identifies the
steps for having to accomplish them, she is engaged with the management
function of planning as planning is a function in management in having to make
plans in order to acquire specific goals.
Answer: b. +3; normal
Explanation:
Income elasticity measures the responsiveness of quantity demanded to a change in consumer's income. When demand for a good increases with an increase in income, it is termed as a normal good. While, when demand for a good decreases with an increase in income it is termed as an inferior good.
Using the mid-point method,
Therefore, income elasticity is 3 and the good is a normal good as rise in income increases demand.
