Use the Information Below to Answer the Following Questions

question 12

Multiple Choice

Use the information below to answer the following questions.
Norman Ltd purchased a motor vehicle for $45,000 on 1 July 2009. The vehicle was expected to have a 4-year life and a $13,000 trade-in value, and was expected to be driven for 160,000 km. The financial period ends on 30 June.
-Assuming Norman Ltd used the reducing balance method of depreciation and a rate of 40%,the net book value at 30 June 2012 was:

• A) $9720
• B) $16 200
• C) $35 280
• D) none of the above.

Comprehend the relationship between expectancy theory and employee motivation including the concepts of valence, expectancy, and instrumentality.

Differentiate between the concepts of economic value added and residual income, and their roles in financial management.

Understand the concept and importance of decentralization in organizations.

Identify and describe different types of responsibility centers (cost, revenue, profit, and investment centers).

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Definitions:

Organ Reserves

The capacity of the body's organs to function beyond normal needs, allowing adaptation to stress or recuperation from illness.

Emerging Adulthood

A phase of the life span between adolescence and full-fledged adulthood, spanning approximately ages 18 to 25, characterized by exploration of identity and self-direction.

First-Time Parenthood

The experience of becoming a parent for the first time, encompassing the challenges and adjustments faced in the new role.