Answer:
Mercury Company
Sale of Equipment account:
Equipment $150,000
Acc. Depreciation 112,000
Book value $38,000
Cash received $38,000
Explanation:
a) Data and Calculations:
Equipment Account:
Beginning balance $750,000
Ending balance 600,000
Sale of equipment $150,000
Accumulated Depreciation - Equipment account:
Beginning balance $500,000
Depreciation expense 40,000
Ending balance 428,000
Sale of Equipment $112,000
b) The Cash received from the sale of Mercury Company's equipment is equal to the book value in Year 2 according to the question. Since the book value (value after accumulated depreciation) is $38,000, that means that the equipment was sold at $38,000 recording no profit or loss for the company on the sale.
Answer:
1. I grouped the costs into explicit and implicit costs below
2. accounting profit = 89000
3. economic profit = 3000
4. daniel should stay in the piano business
Explanation:
<u>explicit costs include</u>:
1. The wholesale cost for the pianos that Darnell pays the manufacturer at $452000
2. The wages and utility bills that Darnell pays at $301000
<u>the implicit costs include:</u>
1. The salary Darnell could earn if he worked as an accountant at $48000
2. The rental income Darnell could receive if he chose to rent out his showroom at $38000
<u>accounting profit</u><u>:</u>
842000-452000-301000
= 89000
<u>economic profit</u><u>:</u>
842000-452000-301000-48000-38000 = 3,000
<u>as an accountant economic profit</u><u>:</u>
48000+38000-89000
= -3000
so he should stay in the piano business so that economic profit would be maximized.
Answer:
The best sampling protocol to be used here include <em><u>Random Sampling approach</u></em> to select sites on different reef types from several of the reef complexes.
Explanation:
Random sampling is a part of the sampling technique in which each sample has an equal probability of being chosen.
Simple random sampling is most appropriate when the entire population from which the sample is taken is homogeneous. The sample here is Oyster Density.
Another justification for the use of Random sampling is the size of the population. We are talking about nine reef complexes here. The advantages of a simple random sample include its ease of use and its accurate representation of the larger population.
Cheers!
It would take 34.5 years for a population of 550 moose to double if 25 offspring are born and 14 moose die on average per year.
