Pablo is paying his electric bill. he writes a draft from his personal bank account payable to the power company. this draft is known as a(n) .
Bill of exchangeWhat is bill of exchange?A bill of exchange is a written, unconditional order given from one person to another and signed by the giver that requires the recipient to pay a specific amount of money to another person or the bearer on demand or at a predetermined future time.
Generally, there are two categories of bills of exchange: They are payable on demand for bills of exchange that are payable at sight. The drawee is required to pay the sum when the bill is handed to them. Bills of Exchange that Become Payable After a Specific Time Frame - Also known as a term draft, this becomes due after a specific time frame.
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How do you say no .....without saying no in PERSON?
Answer:
You can say it through a text, a phone call, an email, or a letter.
Explanation:
Answer:
Text, call, Facetime, voice message
What does the Federal Reserve help regulate?
A. The economy
Ο Ο Ο
B. Food
C. Clothing
O D. Music
Everything else held constant, when financial frictions increase, the real cost of borrowing ________ so that planned investment spending ________ at any given inflation rate.
A) increases; falls
B) decreases; falls
C) decreases; rises
D) increases; rises
Everything else held constant, when financial frictions increase, the real cost of borrowing increases so that planned investment spending rises at any given inflation rate. The correct option is (D).
When financial frictions increase, it becomes more difficult for borrowers to obtain credit or loans, which leads to higher costs of borrowing.
As a result, the real cost of borrowing, which takes into account inflation, increases. This is because lenders may demand higher interest rates or impose stricter lending terms due to increased risks associated with financial frictions.
The increase in the real cost of borrowing can lead to a decrease in planned investment spending. This is because higher borrowing costs can reduce the profitability of investment projects and discourage businesses from borrowing to finance their investment plans.
As a result, planned investment spending may fall as a result of increased financial frictions.
Therefore, the correct answer is option D) increases; rises, as an increase in financial frictions typically leads to higher real borrowing costs and a rise in planned investment spending due to decreased borrowing capacity and increased borrowing costs.
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If a country espouses the principles of capitalism, but does allow the government to pass legislation that regulates
some business practices, then the country is practicing
modified capitalism.
pure capitalism
laissez-faire capitalism.
free-
market capitalism.
Answer:
modified capitalism.
Explanation:
Capitalism is defined as an economic and political structure where factors of production are controlled by private individuals aimed at gaining profit. The state does not have control of trade and industry.
However in modified capitalism the government has some level of control which they exercise by regulating business activities to some extent.
On the other hand in pure capitalism all decisions related to trade and industry are determined by only private entities
a company issued 40 shares of $1 par value common stock for $5,000. the journal entry to record the transaction would include which of the following?.
The journal entry for the recording of the issuance of shares by the company, would include a C. credit of $40 to common stock.
How is stock issuance recorded?When stock is issued, there are two main accounts where they can be sent to. The first is the cash account which takes the debit of the cash that the company makes from the issuance of those stock. In this case, the cash that the company will debit would be $ 5, 000 which is the total amount that the company made from the stock issuance.
There would also be a credit to the Common stock account for the par value of the entire number of stock issued. This means that in this case, the credit to the common stock account would be:
= Par value of stock x Number of stock issued
= $ 1 x 40 shares
= $ 40
Options for this question include:
debit of $4,000 to common stockcredit of $20,000 to common stockcredit of $40 to common stockdebit of $20,000 to common stockFind out more on stock issuance at https://brainly.com/question/25562729
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Jay Harrod and 2 trainees were sent to a 2 day sales seminar. The registration fee was $165 per person. Training materials cost $35 per person. Harrod earns a yearly salary of $52,000 and the 2 trainees earn $14.50 per hour each for a standard 40 hour work week. What were the total training costs?
Answer:
$1,232
Explanation:
the training costs include:
registration fees = $165 x 3 = $495
training materials = $35 x 3 = $105
trainees' wages = 2 x 8 x $14.50 = $232
Harrod's wage = ($52,000 / 52 weeks) x 2/5 days = $400
total training cost = $1,232
Employees must be paid their normal salary when they attend training sessions.
Suppose an investment that promises to pay $10,000 in one year is offered for sale for $9,500. Your interest rate is 5%. Should you invest?
Yes, you should invest in this case. The present value of the investment is $9,523.81, which is greater than the cost of the investment.
This means that you are getting a good deal on the investment, as you are paying less than the present value of the future cash flows.
The present value of an investment is the value of the investment today, taking into account the time value of money. The time value of money means that a dollar today is worth more than a dollar in the future, due to the fact that you can earn interest on the dollar today.
In this case, the present value of the investment is calculated as follows:
Present Value = Future Value / (1 + Interest Rate)^Time
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Present Value = $10,000 / (1 + 0.05)^1
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Present Value = $9,523.81
As you can see, the present value of the investment is $9,523.81, which is greater than the cost of the investment.
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what is the future value of $20,000 invested for 15 years at 5ompounded annually? (round to the nearest cents)
Investments are referred to by the words present value and future value. And here in this case the future value estimated to the round off is $39,506.38.
The money invested now represents the present value, while the total sum after taking the compounding impact of interest into account represents the future value, or the value of money in the future.
We can use the formula for future value of a present sum with compound interest:
FV = P*(1+r)^n
Where:
P = Present Value = $20,000
r = Interest Rate = 5% per year = 0.05
n = Number of Years = 15
Substituting the given values into the respective formula, we get:
FV = $20,000*(1+0.05)^15
FV = $20,000*(1.05)^15
FV = $20,000*1.975319
Therefore, the future value of $20,000 invested for 15 years at 5% compounded annually is approximately $39,506.38 (rounded to the nearest cent).
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
2. What do you think Alana's goals should be?
I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.
What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good educationLearn more about money here:
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Using the smith's bbq report, if your total cost of sales will increase by 1% next week, how much in total sales must you make next week in order for your gross margin to equal $32,000? (gross margin=total sales - total cost of sales)
To be able to make a gross margin of around $32000, the total sales must be around $32,324.
What is gross margin?Gross margin is the total amount of cost benefitted by the sales revenue and the cost derived for the goods being sold. As per the information given above, the total sales calculation will be as $32,324.
Putting the value of total sales in the given formula, the gross margin is $32,000 when the cost of goods being sold has increased by around 1 percent.
Hence, the gross margin will be $32000 when the total sales will be $32,324 and the costs of sales increases by one percent.
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Answer:B (44814)
Explanation:TS (12687x.001) =126.87+12687=12813.87
12814+3200=44814
QUESTION 6 of 10: What markup percentage does New York magazine state that Macy's at Herald Square in New York City uses to mark up
accessories?
a) 72%
b) 127%
c) 185%
Od) 233%
In conclusion correct option for this question is (d) 233%
Why it is?
The markup percentage mentioned by New York magazine for accessories at Macy's in Herald Square is 185%. This means that the price of the accessory is marked up by 185% of its cost.
This markup percentage is considered high and may reflect the expenses that the store incurs, such as rent, salaries, and other operating costs. It is also likely that the markup is influenced by the store's brand recognition and the demand for its products.
However, a high markup may also deter price-sensitive customers, making it important for businesses to strike a balance between profitability and affordability.
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American Gas Products manufactures a device called a Can-Emitor that empties the contents of old aerosol cans in 2 to 3 seconds. This eliminates having to dispose of the cans as hazardous wastes. If a certain paint company can save $75,000 per year in waste disposal costs, how much could the company afford to spend now on the Can-Emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?
Answer:
$157,986.11
Explanation:
Given that
Amount = $75,000
Number of years = 3
Interest rate = 20%
The computation of the present value is shown below:-
Here we will use the P/A factor which is here
Present value = Amount × (1 + Interest rate)^number of years - 1 ÷ (Interest rate × (1 + Interest rate)^Number of years
= $75,000 × ((1 + 20%)^3 - 1) ÷ (0.20 × (1 + 0.20)^3)
= $75,000 × (0.728 ÷ 0.3456)
= $75,000 × 2.106481481
= $157,986.1111
or
= $157,986.11
Therefore for computing the present value we simply applied the above formula.
The difference between the cost of bringing goods into the store and the selling price to the consumer is the:________
In conclusion, the profit margin is the difference between the cost of bringing goods into the store and the selling price to the consumer. It is an essential metric for businesses to determine their profitability.
The difference between the cost of bringing goods into the store and the selling price to the consumer is called the profit margin. Profit margin is a measure of the profitability of a product or service and is calculated by subtracting the cost of goods sold (COGS) from the selling price, and then dividing the result by the selling price.
To understand this concept better, let's consider an example. Let's say a store buys a product for $10 and sells it to a customer for $20. The cost of bringing the goods into the store is $10, while the selling price to the consumer is $20. The difference between these two amounts is $10, which represents the profit margin.
In conclusion, the profit margin is the difference between the cost of bringing goods into the store and the selling price to the consumer. It is an essential metric for businesses to determine their profitability.
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A doctor wants to start a business that produces medical equipment. Though she is an expert on medicine, she realizes she will need to work with someone who knows more about manufacturing products. She will also need a few investors to help her starting company because she doesn't have enough money ever in. Which business organization would best meet her needs
Answer:
Limited company (LTD)
Explanation:
Limited company allows the organization to issue ownership shares that can be sold to investors to help with finances. It also let her give shares as payment to a co-founder who knows more about manufacturing products than herself.
Answer:
partnership
Explanation:
just took the test
Irving purchase a car for $5,000 his interest rate is 10% for the year how much will he pay in one year's time
Answer:
$500
Explanation:
The cost of the car is $5000
the interest is 10% per year
the interest paid in one year time will be
I= p x r x t
p = $5000; r =10% or 0.1 ;and t = 1
I = $5000 x 0.1 x 1
I= $500 x 1
Interest payable in one year is $500
do you feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely spontaneous creativity that occurs today, often in areas where new technologies are not expected to exert a great influence.
Countries and businesses require explicit strategies for technological development, according to the current market and business scenario, companies and countries use the most recent and up-to-date technologies.
What is meant by explicit strategies?Explicit strategies for technological development are unnecessary for countries and businesses. They may desire it in order to improve business processes and adapt to new technologies. Explicit strategies are those that are well defined and implemented in order to have clear technological development to the specified business structures. Implicit strategies, on the other hand, tend to confine companies and countries to a specific way of thinking, resulting in more concise technological development. This strategy would aid in simulating innovation and creativity in technological development.Because of the increase in technological advancement and Internet usage, our reliance on technology and its applications has changed in all aspects of our daily lives. Businesses must address the current demands of modern customers and the market, so IT-enabled solutions are required to achieve organizational goals and objectives.To learn more about strategy refer to :
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Yes i feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely...in areas where new technologies are not expected to exert a great influence.
Give a brief account on technological development.The process of developing new technologies or methods through invention, innovation, and spread is known as technological change (TC) or technological development. In essence, technological change includes the creation of technologies (including processes) and their commercialization or release as open source through research and development (producing emerging technologies), the continuous improvement of technologies (in which they frequently become less expensive), and the dissemination of technologies throughout industry or society (which sometimes involves disruption and convergence). To put it simply, better and more technology are the foundations of technological change. The "Linear Model of Invention," which was once used to illustrate technological change, has largely been abandoned in favour of a model of technological change that incorporates innovation at all stages of research.
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Let a 1
= ⎣
⎡
1
5
−1
⎦
⎤
,a 2
= ⎣
⎡
−6
−24
3
⎦
⎤
, and b= ⎣
⎡
3
3
h
⎦
⎤
. For what value(s) of h is b in the plane spanned by a 1
and a 2
? The value(s) of h is(are) (Use a comma to separate answers as needed.)
The value of \($h$\) is \($-3$\). We have the following information:
\($a_1=\begin{bmatrix}\frac15\\-1\\\end{bmatrix}$\)
\($a_2=\begin{bmatrix}-6\\-24\\3\\\end{bmatrix}$\)
\($b=\begin{bmatrix}3\\3\\h\\\end{bmatrix}$\)
Let We need to determine the value of \($h$\) if \($b$\) is in the plane spanned by \($a_1$\) and \($a_2$\).
The plane spanned by \($a_1$\) and \($a_2$\)is the set of all linear combinations of \($a_1$\)and \($a_2$\), and it can be written as,
where \($\mathbb{R}$\) denotes the set of real numbers.
Therefore, if \($b$\) is in the plane spanned by \($a_1$\) and \($a_2$\), then there must exist \($c_1,c_2 \in \mathbb{R}$\) such that\($b=c_1a_1+c_2a_2$\)
Substituting the given values, we get
\($\begin{bmatrix}3\\3\\h\\\end{bmatrix}=c_1\begin{bmatrix}\frac15\\-1\\\end{bmatrix}+c_2\begin{bmatrix}-6\\-24\\3\\\end{bmatrix}$\)
This system of equations can be written as:
\($\begin{aligned}\frac15 c_1-6c_2&=3\\-c_1-24c_2&=3\\c_2h&=3\end{aligned}$\)
Multiplying the first equation by 5, we get\($c_1-30c_2=15$\)
Adding this equation to the second equation, we get\($-54c_2=18$\)
Solving for \($c_2$\), we get\($c_2=-\frac13$\)
Substituting this value in the third equation, we get\($h=c_2^{-1}(3)=(-3)$\)
Hence, the required solution is \($-3$\).
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Which is an environmental cost of moving contaminating industries from developed countries to developing countries?
Moving contaminating industries from developed countries to developing countries can result in increased pollution, environmental degradation, and adverse health impacts in the receiving countries due to weaker environmental regulations.
One of the environmental costs of relocating contaminating industries from developed countries to developing countries is the potential for increased pollution and environmental degradation in the receiving countries. This transfer often occurs due to weaker environmental regulations and enforcement in developing nations.
The lack of stringent controls may result in higher emissions of pollutants, improper waste disposal, and unsustainable resource extraction practices. These activities can lead to air and water pollution, deforestation, soil degradation, and negative health impacts on local communities.
Additionally, the movement of contaminating industries may contribute to a global "pollution haven" effect, where environmental damage is simply shifted from one region to another rather than being mitigated.
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1. What is the annual percentage rate (APR) for this credit card?
2. For cash advances what is the APR?
3. What three things would move the APR for the balance on this credit card to 28.99%?
4. What is the annual fee that customers are charged for holding this credit card?
5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?
a. What would be the APR charged for the transferred balance?
6. What is the fee for a cash advance?
7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?
8. If you are late on making a payment, what would be the fee charged?
9. What would be the fee charged if you went over your credit limit?
Answer:
1. For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%
2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance, the amount charged at 17.99% would be 0.1799 x 200 =$35.98.
3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.
4. The annual fee charged for the credit card is $20.
5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.
a. The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.
6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.
7. 2% of the amount charged (in US dollars) in a transaction.
8. A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.
9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%
Explanation: explanations are with the answers listed above.
.Before the 1990s, most firms entered international markets
a) globally and quickly.
b) incrementally and slowly.
c) incrementally and quickly.
d) domestically and slowly.
e) regionally and quickly.
Before the 1990s, most firms entered international markets incrementally and quickly. This meant that companies would begin by exporting their products to a few select countries and gradually expand their reach over time. The answer is C.
This approach was favored as it allowed firms to minimize risk and control costs while gaining experience in international markets. However, there were also firms that chose to enter international markets regionally and quickly. This strategy involved focusing on a particular region and aggressively expanding in that area.
This approach was favored by firms that had a strong understanding of the local culture and market conditions. Ultimately, the choice of strategy would depend on the goals and resources of each individual firm.
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what should managers know about communication in the workplace
The things that managers should know about communication in the workplace is: Communication can help build strong relationships at workplace.
What is communication?Communication can be defined as the way in which people tend to interact with one another. Communication can be inform of written or oral communication.
Effective communication is essential in a workplace based on the fact that it can help people to build relationship at a workplace . Based on this the manager should know that effective communication can as well help to foster trust among employees.
Therefore effective communication is essential at workplace.
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we use photodiodes to track our orientation relative to the sun. briefly describe a possible signal chain from a photodiode to a microcontroller.
A possible signal chain from a photodiode to a microcontroller can involve several stages to convert the photodiode's analog output into a digital signal that can be processed by the microcontroller.
Here's a brief description of the signal chain:
Photodiode: The photodiode is a semiconductor device that generates a current proportional to the amount of light falling on it. It acts as a light sensor and converts incident light into an electrical signal.
Transimpedance Amplifier (TIA): The output current from the photodiode is typically very small. To amplify this current into a measurable voltage, a transimpedance amplifier is commonly used. The TIA converts the current from the photodiode into a voltage signal, with the gain of the amplifier being determined by the feedback resistor connected to the amplifier's input.
Signal Conditioning: Depending on the specific requirements and characteristics of the photodiode, additional signal conditioning circuitry may be employed. This could include filters to remove unwanted noise or interference, amplifiers for further gain adjustment, or voltage regulators to ensure stable power supply for the circuit.
Analog-to-Digital Converter (ADC): The analog voltage signal from the previous stages needs to be converted into a digital format for processing by the microcontroller. An ADC is used to sample the analog signal and convert it into a discrete digital representation.
Microcontroller: The digital signal output from the ADC is then fed into the microcontroller. The microcontroller is a programmable device that can process the digital data and perform various calculations or make decisions based on the received information.
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Using productivity software ensures that the end product will look professional.
Answer: false
Explanation:
on edge 2021
Answer: The answer is false
Explanation:
props to the other dude, give them brainliest
Assume all markets are in long-run equilibrium. The market quantity supplied in a duopoly would be ________ the market quantity supplied in a monopoly and ________ the market quantity supplied in a competitive market. a. less than or equal to; less than or equal to b. less than or equal to; greater than or equal to c. less than; equal to d. greater than; equal to e. greater than or equal to; less than or equal to
Answer:
greater than or equal and less than or equal
Explanation:
We assume that all the market belong from long run equilibrium.So the quantity supplied of the market in a duopoly should be either greater or equivalent to the quantity supplied of the market in the monopoly and it should be less or equivalent to the quantity supplied of the market in the competitive market as it is the under competitive market where P = mc
And, under monopoly, there is the condition of the profit maximiation i.e. MR = MC
Please help
4. In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
In which type of economy is a business owner most likely to benefit from free enterprise? (1 point) In a market economy because there is lots of competition and not much take back from the government. This economy is ideal for a free enterprise.
Company X sells on a 1/15, net 90, basis. Customer Y buys goods with an invoice of $3,000.
a.) How much can company Y deduct from the bill if it pays on day 15? Discount $ 30
b. How many extra days of credit can company Y receive if it passes up the cash discount? Number of days 75 days
c. What is the effective annual rate of interest if Y pays on the due date rather than day 15? (Use 365 days in a year. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective annual rate ______%
if Company Y pays on the due date instead of day 15, it will incur an effective annual interest rate of 23.68%.
A) If Company Y pays on day 15, it can deduct the cash discount of 1% from the invoice amount:
Discount = 1% * $3,000 = $30
B) If Company Y passes up the cash discount, it can receive extra credit for 90 - 15 = 75 days.
Number of extra credit days = 75 days
C) The effective annual rate of interest can be calculated using the following formula:
Effective annual rate = (1 + Discount % / (100% - Discount %)) ^ (365 / Days beyond discount period) - 1
Effective annual rate = (1 + 1% / (100% - 1%)) ^ (365 / 90) - 1
Effective annual rate = 23.68%
The Effective Annual Rate (EAR) is the interest rate that reflects the true cost or return of an investment or loan over a year, taking into account compounding. Compounding is the process of earning interest on both the principal amount and the accumulated interest from previous periods.
To calculate the EAR, the nominal interest rate, which is the stated interest rate, must first be adjusted for the number of compounding periods within a year. The EAR is a useful tool for comparing different investments or loans because it takes into account the effects of compounding. It allows investors to accurately compare returns on investments with different compounding periods and to calculate the true cost of borrowing.
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Which statement best explains the relationship between points A and B?
A. Consumption reaches its highest point, and then supply begins to fall.
B. Inflation reaches its highest point, and then the economy begins to expand.
C. Production reaches its highest point, and then the economy begins to contract.
D. Unemployment reaches its highest point, and then inflation begins to decrease.
Answer: c
Explanation:
Production reaches its highest point, and then the economy begins to contract.
When production begins to span much with little or now buyer, the economy begins to experience decline. This is caused by the reduction in demand . When the demnd is not matching the supply this case tends to occur.
Answer:
The correct answer is C, "Production reaches its highest point, and then the economy begins to contract."
Explanation:
I just got it correct on the test. I hope this helps!
Aaron Copland was one of the most well known and influential composers of the 20th century. His musical style was known as ________.
A. Neoclassical
B. Nationalism
C. Impressionism
D. None of the above
Aaron Copland's musical style was known as Neoclassical. The correct option is A.
Neoclassical music is a revival of Classical music that happened in the 20th century. It is characterized by a return to Classical models and forms, restraint, emotional balance, and clarity. It is a style of music that is characterized by a lack of flamboyance or emotional excess.
He is regarded as one of the most significant American composers of the 20th century. He studied music in New York City and went to France in the early 1920s, where he became influenced by the music of composer Erik Satie. Copland's early works, such as the ballet Grohg, were dissonant and influenced by jazz.
After studying with composer Nadia Boulanger in Paris, he embraced a more neoclassical style, characterized by clarity and simplicity. In the 1930s, he composed some of his most famous works, including Billy the Kid, Rodeo, and Appalachian Spring.
Therefore, a is correct.
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a house has been on the market for several months because most buyers do not want to walk through the master bedroom from the garage to reach the kitchen. this floor plan is an example of
A house has been on the market for several months because most buyers do not want to walk through the master bedroom from the garage to reach the kitchen. This floor plan is an example of functional obsolescence.
Functional obsolescence is a reduction of an item's usefulness or desirability due to an previous design feature that cannot be easily modified. clients can mitigate losses resulting from practical obsolescence with the aid of thinking about the lengthy-time period usefulness of bought items.
Practical obsolescence occurs whilst an asset will become less beneficial or applicable due to an outdated layout that cannot without difficulty be updated or modified. (Tweet this!) In the latest decades, useful obsolescence is most often the result of the latest technology; an amazing instance is the VHS videotape.
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