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denis23 [38]
2 years ago
8

Forward Co. discarded a machine that cost $5,000 and was fully depreciated. The entry to record this transaction would include a

credit to the
account.
Business
1 answer:
madreJ [45]2 years ago
6 0

Based on the fact that Forward Co. discarded a machine with cost $5,000, the entry to record this transaction in the books would include a credit to Machinery.

<h3>How do you dispose of fixed assets?</h3>

When fixed assets are to be disposed of, the accumulated depreciation upt to that point is looked at to calculate the net book value.

This would then show the company if they made a profit or a loss when they sold the fixed asset with a profit being made when the selling price is higher than the net book value.

Regardless of the price the fixed asset is sold at, the company would record a credit to the fixed asset (machinery) account to show that the fixed asset account is decreasing.

In conclusion, there will be a credit to machinery.

Find out more on disposing fixed assets at brainly.com/question/14542603

#SPJ1

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The goals scored per game by a soccer team represent the first quartile for all teams in a league. what can you conclude about t
nirvana33 [79]

Actually the quartile represents in what rank or order the team is when all the goals per team is arranged in ascending order. So for example since the team is on the first quartile, so this means it is on the 25% of the ranking. Hence we can say that:

“the team scored fewer goals per game than 75% of the teams in the league”

3 0
3 years ago
Beginning inventory, purchases, and sales for Product XCX are as follows:
9966 [12]

Answer:

Cost of merchandise sold = $483 , Closing stock = $227

Explanation:

Perpetual inventory system includes updates done, when sale or purchase transaction happens

Opening Stock = 26 units (price 15). Value = 26 x 15 = 390

Sale = 13 units, price 15. So, sales cost value =  13 x 15 = 195  

Purchase = 20 units (price 16). Value = 20 x 16 = 320

Sale = 18 units, price 16. So, sales cost value = 18 x 16 = 288

Total sales cost value, or cost of merchandise sold = 195 + 288 = 483

Closing stock = Opening stock + purchase - sales cost

= 390 + 320 - 483

= $227

4 0
3 years ago
Savings Goals
romanna [79]

Answer:

I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.

Explanation:

Sshheeeeeeshh

7 0
3 years ago
The total demand for money is the sum of the transactions demand plus the ____________ demand for money.
Mkey [24]

Answer:

precautionary and speculative

Explanation:

Aggregating the transactional, precautionary and speculative demand for money, we get the total demand for money. This is sometimes known as the liquidity  preference curve, and is inversely related to the rate of interest.

Total demand for money=Transactions demand+precautionary and speculative demand for the money

Therefore, the answer to the question is precautionary and speculative

5 0
4 years ago
Due to limited production space, Computer Inc needs to adjust its sales mix. Current production is 500 flash drives (contributio
liubo4ka [24]

Answer:

Computer Inc should produce and sell 500 charging cords since their contribution margin is the highest, resulting in a gross profit of $8 per unit x 500 units = $4,000. And produce and sell 650 flash drives with a contribution margin of $7 per unit which results in a gross profit = $7 x 650 units = $4,550.

Explanation:

Companies must focus on producing and selling the products that generate them the largest profit.

3 0
3 years ago
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