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Nataliya [291]
2 years ago
12

If a company exchanges an asset with a book value of $260,000, an original cost of $500,000, and a fair value of $300,000 plus c

ash of $100,000 for a new asset, what is the gain or loss recognized on the transaction?.
Business
1 answer:
Harlamova29_29 [7]2 years ago
8 0

The gain that would be recognised on the exchange of the asset by the company is $140,000.

<h3>What is the gain on the asset?</h3>

The gain on the exchange of an asset is recorded when the fair value is greater than the book value of the asset. The gain on the exchange is sum of the difference between the fair value and the book value and the cash.

Gain = (fair value - book value) + cash

($300,000 - $260,000) + 100,000 = $40,000

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Which statement below best describes the positivist way of conceptualizing an organization?
CaHeK987 [17]

There are different kinds of statement.  The statement that best describes the positivist way of conceptualizing an organization is that;

  • Employees entering an organization learn and apply the rules and follow standard procedures. Thus, the organization is a social order that confronts individuals as an external reality beyond their influence and control.

<h3>Why is Organization theory seen as a positive science?</h3>

Positive science is said to be used by organizations so as to create or  build a center of knowledge that is made up of all the causal theories about organizations and its members.

These theories are known to be positive in that they talks about how the world works, instead of being normative, that is, it shows and prescribing what is expected to take place.

See full question below

Which statement below best describes the positivist way of conceptualizing an organization?

1) Rules and procedures are not rigorously imposed, indeed, a social order is internalized, challenged and created to some extent by employees through engagement

2) Employees entering an organization learn and apply the rules and follow standard procedures. Thus, the organization is a social order that confronts individuals as an external reality beyond their influence and control

3 Rules and procedures are rigorously imposed, indeed, a social order is  internalized, challenged and created to some extent by employees through engagement

4  Employees entering an organization are unable to learn and apply the rules and follow standard procedures. Thus, the organization no longer a social order that confronts individuals as an external reality beyond their influence and control

Learn more about  positivist way from

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6 0
2 years ago
Pedee Company's inventory turnover in days is 80 days. Which of the following actions could help to improve that ratio? a.Increa
snow_lady [41]

Answer:

d. Reduce average Inventory

Explanation:

Inventory turnover ratio represents how quickly an entity's inventory is converted into sales and cash is generated.

Inventory turnover in days is computed as;

= \frac{365\ days}{Inventory\ Turnover\ ratio}

Inventory turnover ratio can be computed as:

= \frac{Cost\ of\ goods\ sold}{Average\ Stock}

Average stock = \frac{Op\ stock\ +\ Closing\ Stock}{2}

wherein,  Op stock = Opening stock

Cost of Goods Sold = Sales - Gross Profit

A reduction in the average inventory level would increase the inventory turnover ratio, and thus reduce the inventory conversion period from 80 days to a lower level.

7 0
3 years ago
Barcain Credit Corp. wants to earn an effective annual return (EAR) on its consumer loans of 16 percent per year. If the bank us
Schach [20]

Answer:

14.84%

Explanation:

Effective annual return (EAR) = (1 + ( r / m) ^m -1

APR = m (( 1 + EAR) ^( 1/m) - 1)

where m = 365 since it is compounded daily

APR = 365 (( 1 + 0.16) ^( 1/365) - 1) = 14.84%

4 0
3 years ago
Read 2 more answers
4. when the total expenses are greater than the total revenues, (a) the income summary account has a credit balance. (b) the inc
irina [24]

When the total expenses are greater than the total revenues, then the income summary account has a debit balance.

An income summary account is a temporary account in which the revenue and expenses closing entries are entered to find out the profit or loss.

In the income summary account, all the revenue account closing entries are credited, and all the expenses closing entries are on the debit side.

Thus, if the credit balance is more than the debit balance, it shows the profit and if the debit balance is more than the credit balance, it shows the loss.

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6 0
11 months ago
Matt's factory rents equipment and hires students to produce sports bags. Compare the outputs at which Matt's AVC and ATC curves
stiks02 [169]

The output at which the average variable cost is a minimum is smaller than the output at which the average total cost is a minimum because initially when decreasing marginal returns set​ in, (E) average fixed cost is decreasing at a faster rate than average variable cost is increasing.

<h3>What is the average variable cost?</h3>
  • In economics, the variable cost per unit is known as the average variable cost.
  • Divide the entire variable cost by the output to get the average variable cost.
  • In the short term, the enterprises use the average variable cost to determine whether to stop production.
<h3>What is the average fixed cost?</h3>
  • The average fixed cost (AFC) is a fixed cost that remains constant regardless of the number of goods and services produced by a corporation.
  • To summarize, the average fixed cost (AFC) is the fixed cost per unit derived by dividing the total fixed cost by the output level.

Therefore, the output at which the average variable cost is a minimum is smaller than the output at which the average total cost is a minimum because initially when decreasing marginal returns set​ in, (E) average fixed cost is decreasing at a faster rate than average variable cost is increasing.

Know more about average variable cost here:

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Complete question:

​Matt's factory rents equipment for manufacturing sports bags and hires students.

The table gives​ Matt's average total cost schedule and average variable cost schedule.

The output at which the average variable cost is a minimum is smaller than the output at which the average total cost is a minimum because initially when decreasing marginal returns set​ in, ______.

A.the  total fixed cost initially increases and then decreases

B. total fixed cost is decreasing at a faster rate than total variable cost is increasing

C. average variable cost is decreasing at a faster rate than average fixed cost is increasing

D. total variable cost is decreasing at a faster rate than total fixed cost is increasing

E. average fixed cost is decreasing at a faster rate than average variable cost is increasing

7 0
1 year ago
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