17. Moral wear and tear may be the result ofa) cheaper production machines;b) scientific and technological progress;c) the creation of new productive machines;d) there is no right answer3;e) all the answers are correct. FeedbackHide AnnotationsExport Highlights16. Partial or complete loss of the main means of their consumer properties andvalue - is:a) load;b) load;c) use;d) wear;e) aging.

Hi student Since there are multiple questions, we will answer only first question.

17. Moral wear and tear may be the result of a) cheaper production machines; b) scientific and technological progress; c) the creation of new productive machines; d) there is no right answer; e) all the answers are correct.

17. Moral wear and tear may be the result of a) cheaper production machines; b) scientific and technological progress; c) the creation of new productive machines; d) there is no right answer; e) all the answers are correct.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Indicate whether each statement is true or false. 1.a)Information is relevant to a decision problem…

A: Decision making is a process used by the management at the time of selecting among alternative…

Q: What is the effect of a Significant Deficiency? What is it?

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Why is long-term liability, despite having a nominal financial cost greater than own resources, in a…

A: Debt Financing Debt financing involves the borrowing of money and paying it back with interest. The…

Q: Which of the following statements is true of tactical decisions? a.Tactical decisions do not have…

A: The tactical decision is taken by the company by choosing certain options from specific goals of the…

Q: Which of the following R&D costs can be capitalized by an SME? Group of answer choices Conceptual…

A: Research and development cost refers to the cost incurred by the SME for the development of new…

Q: Some managers believe machine performance is more important in a JIT environment than in a non-JIT…

Q: explain how sunk costs create a barrier to entry into the market place.

A: Sunk costs are expenses that can not be retrieved if a corporation wishes to leave a market.

Q: Indicate which of the following answers to the statement below represents the best choice, then…

A: Activity Based Costing Activity based costing is one of the techniques that distributes the costs on…

Q: Why is diversification considered “good” by most professionals? Can you think of a situation where…

A: Investment means engaging your funds to generate income for the future. Risk and return are two…

Q: “The inspection point is the key to the allocation of spoilage costs.” Do you agree? Explain.

A: Spoilage: Spoilage is the defective item at intermediate or final stage. The spoilage goods cannot…

Q: ered productively inefficient?

A: A choice is said to be productively inefficient when it is possible to produce higher units of…

Q: hat way can the use of ROI as a performance measure for investment centers lead to bad decisions?…

A: ROI is the return on investment in which the there is consideration for the current year profit only…

Q: 6 Which of the following is not a benefit of decentralization? A. Trains future managers. B.…

A: Decentralisation means that the decision making process is not done by senior managers and lower…

Q: Knowledge-based resources tend to be more ________ in nature and therefore they are ________…

A: The term "tacit knowledge" exactly refers to knowledge that is difficult to codify or record and is…

Q: What are the best methods for dealing with difficult-to-measure costs and benefits, such as the…

A: When we make decisions, we often need to consider both the costs and benefits of different options.…

Q: 5

A: Terms Correct Match Reason Externality L Externality is a result of a commercial or industrial…

Q: 42) Relevant costs are all of the following except: A) Occur in the future B) Differ from among…

A: relevant costs are the avoidable costs that are incurred only when making specific business…

Q: survive. In addition to death, however, one could also say that self-sufficiency is boredom or…

A: Trade is considered beneficial for people across the globe as they help the consumer to choose…

Q: In order to correct the problems associated with external costs. O standards must be established…

A: External cost refers to cost associated with social or environmental effects.

Q: Which of the following statements about a sunk cost is false? Question 11Answer a. It is relevant to…

A: In cost accounting, several type of cost classifications are there. These are like direct costs,…

Q: Company X sees a disruption in its supply chain at the same time it sees a decrease in customer…

A: A supply chain network is an organization of individuals, associations, and exercises that move an…

Q: potential disadvantages of decentralization except None of the items in this list of answers.…

A: The right answer is None of the items in list of answer.

Q: What costs should not be considered in a decision making situation? Sunk costs Relevant costs

A: Some costs which cannot be recovered after having been incurred are not considered in decision…

Q: 15. Choose from the following, the cost object for a project. a.Dam construction b.Placing an order…

A: Answer: Concept: Project is defined as the activity which requires huge investment and which has…

Q: Proponents of the EMH think technical analysts A) should focus on relative…

A: The Efficient Market Hypothesis (EMH) is a theory that states that all known information about…

Q: Which of the following is not a reason why conflicts of interest may not be harmful? Conflicts of…

A: Conflicts of interest can indeed lead to synergies, lower prices for consumers, and more efficient…

Q: Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs that…

A: Cost allocation refers to the process of distributing the single cost among various companies,…

Q: One of the primary reasons central governments encourage inbound FDI is that it can bring in new…

A: An investment which comes into the country is called as inbound investment.

Q: A fast-follower strategy is likely to require A. licensing the pioneer's technology B. exploiting…

A: The best business strategy for a particular company will depend on different factors such as the…

Q: Explain why all costs are controllable by someone at some time but in the short run some costs may…

A: Cost accounting: The process of identifying, calculating and recording the cost related to the…

Q: Question 27 Fundamentally, the identification of a performance shortfall becomes an exercise in…

A: Performance analysis is the process of observing the operation and evaluating the information…

Q: Why can cost benefit analysis be difficult to carry out?

A: Introduction: Cost benefit analysis can be defined as a process which is undertaken by an…

Q: The correct statements are: a. The free-rider problem arises from pure public goods being non-rival…

A: Correct Answer = Option A = The free Rider problem arises from pure public goods being Non rival…

Q: As computer software is developed that is to be sold, leased, or otherwise marketed, software…

A: Option b is correct.

Q: Theory suggests a person perceives that one's contribution to the job is rewarded in the same…

A: A theory that suggests a person perceives that one contribution to the job is rewarded in the…

Q: An inaccurate estimate of asset needs can have serious consequences. Explain how?

A: Estimates of assets: Estimate of assets is the estimated worth of assets of original worth of…

Q: Do you think it is realistic for a smaller company to reach and enjoy this beneficial negative CCC?

A: CCC CCC stands for cash conversion cycle. It refers to the time taken in days by a business to…

Q: Cite a specific example of non-value added activity that can be eliminated in a particular industry.…

A: NVA activities are tasks that do not add to the shape or function of the market. Filing, copying,…

Q: Explain why sunk costs are not considered in the analysis ofinvestment alternatives.

A: A sunk cost is also known as the retrospective cost, is a cost that cannot be recovered because it…

Q: Future costs that do not differ among the alternatives at hand are not relevant in the given…

A: Answer --The statement is TRUE.

Q: 5) Is the cost method of valuation always reliable? What can be done to make the valuations…

A: The cost approach is one of the methods of real estate valuation by which the price a buyer should…

Question

100%

17. Moral wear and tear may be the result of
a) cheaper production machines;
b) scientific and technological progress;
c) the creation of new productive machines;
d) there is no right answer3;
e) all the answers are correct.

Feedback
Hide Annotations
Export Highlights
16. Partial or complete loss of the main means of their consumer properties and
value - is:
a) load;
b) load;
c) use;
d) wear;
e) aging.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

What is opportunity cost? Select one: O a. It is the cost of the worst opportunity when we choose one alternative over the next best alternative O b. It is the cost of the best opportunity when we choose one alternative over the next best alternative O c.Itis the benefit lost when we choose more than one alternative O d. It is the benefit lost when we choose one alternative over the next best alternative
15. If value erosion is expected, would producing integrated report be continue? Why?
Question 16 The major part of the The cost-benefit-trade-off problem involves identifying all the activities and benefits that should be considered O True O False
How are the generation and evaluation of creative investment proposals far too important task?
Is it possible to fully eliminate non-value added activities? If yes, how? If no, why?
Problem 4 a. What is the difference between relevant, opportunity and sunk costs? b. Why are fixed costs not included in special order decisions? C. What are the steps involved in decision making?
is this statement true or false and explanation why. Please explain it as simple as possible. In order to decrease risks towards the use of fixed assets it is advised to use cellular production rather than line production for the manufacturing of innovative products like mobile phones
“Acquisition will never go out of fashion and Retention would be a norm.Do you agree with statement? Justify. Explain Briefly
What happens when "pet" projects do not have the requisite NPV or IRR? Do pet projects seem to be approved over other more viable projects? Why does this happen?
Give typing answer with explanation and conclusion
Why is it costly to develop resources?