The company should record a loss on sale of $6,000.
What is asset book value?
Book value is the worth of the asset or the amount left undepreciated at a particular point in time.
This implies that if the cash received in respect of the asset is more than the book value, there would be gains, and when the cash is less, that would result in losses. But in this case, the latter situation applies as shown in the loss computation below:
Selling an asset whose worth is $19,500 for $13,500 means that the company has lost $6,000 as computed thus:
Loss on asset=sales proceeds-book value
loss on asset=$13,500-$19,500
loss on asset=-$6,000
In essence the second to the last option is correct.
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Answer:
b. Sequential interdependence
Explanation:
Sequential interdependence occurs when the output or work of one department is necessary for the performance of another department.
So a delay in output in one department leads to lack of work by the second department.
This is the case in the given instance where the employees who assemble the garments are rarely able to meet their daily production quotas because the employees who cut the fabricare almost always running behind schedule.
Answer: a. Simplification of reality
Explanation: Simplification of reality is an accurate way to describe what a model is all about. It is a simplified representation used to explain the workings of a real world system or event. In business, as company's plan for making a profit, it identifies the products or services the business will put up for sale, it's target audience, including all expenses it anticipates. For new businesses, models help attract investments, to recruit talent, and in motivating management and staff. In all, businesses revisit and update their business plans so they can anticipate trends and changes and propose methods of meeting them in reality.
Answer:
(C) Janitorial, Welding, HR, Data Svcs, Assembly
Explanation:
Question: If the step-down method is used in this case, which sequence of allocations is not valid?
The step method will allocate a portion of a service department to others service department cost thus, increasing the cost of these.
In this case cost from Janitorialo will go into HR and Data serivces.
Is important to understand that these method have as goal to allocate their cost into production department. The production department receive cost from the service department. They do not allocate into service. Never.
Having said that statement; the conclusion is that option C is incorrect as it is doing a distribution of produciton department into service department.
Answer:
Meatball prices will exceed marginal cost.
Explanation:
Taking on account that Angelo is the only meatball's provider in the area, he is the only actor in his market segment. If he wants to maximize the profit for his business the meatball prices will exceed marginal cost; there are two ways to make it possible for the product. the first option is to reduce the marginal cost through the reduction on the cost prices, it will reduce the total marginal cost and give a higher profit.
The second option involves rising the prices, in this case, as Angelo has the market's control he can rise the prices,as a result, the marginal cost will be the same but the meatball's prices will be higher increasing the profit.