The disclosures of property, plant, and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30 June 2018 are as follows:
Statement of Financial PositionProperty, Plant, and Equipment:
Machinery at cost R660,000
Accumulated depreciation on machinery R278,250 R381,750
Vehicles at cost R360,000
Accumulated depreciation on vehicles R129,600 R230,400
Equipment at cost R480 000
Accumulated depreciation on equipment R145,000 R335,000
Notes to the Financial StatementsProperty, Plant, and Equipment:
Cost Depreciation Accumulated Ending
Expenses Depreciation Balance
Machinery R660,000 R147,000 R278,250 R381,750
Vehicles R360,000 R108,000 R129,600 R230,400
Equipment R480 000 R75,000 R145,000 R335,000
Data and Calculations:Richfield Pty Ltd on 30 June 2018
Machinery at cost R660 000
Accumulated depreciation on machinery R131 250
Vehicles at cost R360 000
Accumulated depreciation on vehicles R21 600
Equipment at cost R480 000
Accumulated depreciation on equipment R70 000
1) Machinery:Cost = R660,000
Residual value = R30,000
Depreciable amount = R630,000
Depreciation Expenses for the year = R147,000 (R630,000 x 42,000/180,000)
2) Vehicle:Cost = R360,000
Depreciation Expenses = R108,000 (R360,000 x 30%)
3) Equipment:Old Equipment's Depreciation Expense = R60,000 (R360,000/6)
New Equipment's Depreciation Expense = R15,000 (R120,000/6 x 9/12)
Total Equipment's Depreciation Expenses = $75,000
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A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The statement is False. A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The proprietors of a corporation are shareholders (also referred to as stockholders) who gain hobby in the business by using shopping stocks of stock. Shareholders choose a board of directors, who are answerable for coping with the organization.
Nowadays, the standard answer is that an organization's purpose is to benefit its shareholders – academics communicate the “shareholder primacy norm,” and many communicate corporate managers' projects as “shareholder wealth maximization.” Even apparently selfless corporate acts, including charitable donations, are justified.
A company is a form of commercial enterprise employer that doubles as a separate criminal entity from its proprietors. All businesses are companies, however, now not all corporations are necessarily companies.
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Do some research online and list 3 promotions that have exceeded a business' expectations
List three promotions that have surpassed a business's expectations after doing some online research.
7 methods for exceeding clients' expectations
Don't be afraid to surprise people.
Become more responsive.
Ensure a unified experience over all channels.
Avoid making commitments you can't maintain.
Get close.
aiding customers in self-help.
Include your target audience in the creation process.
What are six strategies to satisfy or surpass expectations?Six Ways to Outperform Customers' Expectations
Think carefully. Give them a pleasant, simple purchasing experience.
Be perfect in your word choice. Give thorough explanations of your goods or services, and only make guarantees you can maintain.
Maintain good manners.
Keep your word.
Be approachable.
Donate freely.
Can you give an instance where you surpassed a client's expectations?taking over for a manager or boss who was forced to miss work due to unforeseen circumstances. putting forth extra effort to satisfy an unique request from a patient, client, or other constituent. Anything else you did to make your company's clients or customers happy outside the scope of your regular work responsibilities
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How much money must you deposit in a savings account today to have Rs. 20000 in 20 years if the interest rate 7% compounded annually?
You must deposit Rs. 6122 into a savings account today.
Equation:-Assuming that Principal (P) = 20000
A = P[1+(R/100)] where Rate (R) = 7 and Number of Years (n) = 20.
ⁿ\s= 20000[1+(7/100)]
²⁰\s= 20000[1+(1/7)]
²⁰\s= 2000[(7+1)/7]
²\s= 20000 X (8/7) X (8/7)\s= 26122
Total Amount, A = 26122 Rupees
Compound Interest (CI) equals A-P = Rs. 26122 x 20 000 = Rs. 6122
What does the term "compound interest" mean?The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
What is meant by the phrase "compound interest"?Compound interest is the term for interest that is earned on interest. This may be shown using simple math: if you start with $100 and it earns 5% interest every year, you will have $105 at the end of the first year. After the second year, you'll have $110.25.
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