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1 year ago

18

Business

1 answer:

BabaBlast [244]1 year ago

3 0

The phrases that explain the smart Investment made by Lu Shing and her husband are:

"smart"
"sensible"
"low-risk"

<h3>What is an Investment?</h3>

This refers to the buying of stocks or other property in hopes that it would appreciate in value over a period of time.

Hence, we can see that based on the smart investment made by the family of Lu Shing who both have stable jobs and bought stocks that are low-risk, the correct phrases to describe them are listed above.

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2 years ago

Suppose a society begins by producing 3 units of X and 4 units of Y and then alters production to 4 units of X and 4 units of Y.

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This situation means that resources were not being efficiently used.

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3 years ago

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3 years ago

On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation as of December 31 of $

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Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.

<h3>What is loss on Equipment Disposal account?</h3>

Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.

The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.

On December 31, the debited amount is calculated as:

$=\text{Disposed Equipment- Accumulated Depreciation}\\\\ =\$6,000- \$4,500\\\\ =\$1,500$

Therefore, $1,500 will be the amount of loss on disposal of the Equipment.

Learn more about the depreciation, refer to:

brainly.com/question/14682335

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2 years ago