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FinnZ [79.3K]
3 years ago
6

Equipment originally costing $100,000 has accumulated depreciation of $65,000. if it is sold for $40,000, the company should rec

ord:
Business
1 answer:
son4ous [18]3 years ago
4 0
Hi there
What we need first is the book value of the equipment
The book value is
originally costing - accumulated depreciation
100,000−65,000=35,000

Since the sale price is 40000 and the book value is 35000 This result a gain of 5000 (40000-35000)

Good luck!

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The work-life balance program at a public accounting firm allows workers to adjust their work hours so that they can start work
Nitella [24]

Answer:

(d) Flexible work schedules

Explanation:

As we see that "Flexible work schedules" by the name itself specifies the flexibility of the work schedules. An example of a work-life balance program is "Flexible work schedules" as it also gives freedom to their workers that they can adjust their specific working hours. If they want they can start working early in the morning and also can work till early in the day. And if they want to start later in the morning then they have to work till later. So the answer will be remain option (d).

7 0
3 years ago
Sally is looking to purchase a life insurance policy that will not only provide her with coverage for her entire lifetime, but w
KatRina [158]

Answer:

The answer that you are looking for is universal life.

Explanation:

6 0
3 years ago
fred and wilma enter into a contract for horse riding lessons. fred accidentally types the price for lessons to be $4.00 each in
ryzh [129]

Reformation would be most effective in the case of Fred and Wilma.

<h3>What is the contract?</h3>

A promise that is enforceable by law is a contract. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically making a proposal and the others accepting it.

The contract will be reformed as this was an error that was made with regard to the amount of $44 instead of $4. Fred was at a mistake but the change is going to happen with the same cause.

When an error has been made in a compact, the tribunal has the equitable authority to reconstruct it to match the parties' real intentions.

Learn more about the contract, here:

brainly.com/question/2669219

#SPJ1

4 0
1 year ago
Heather deposited $1,700 at her local credit union in a savings account at the rate of 9.8% paid as simple interest. She will ea
Bumek [7]

Answer:  $3865.8

Explanation:

The formula to find the simple interest is given by :-

I=Prt, where P is the initial amount deposited , r is the rate of interest in decimal and t is the time period in years.

Given : P= $1700      ;    r= 9.8%=0.098     ; t=13 years

Then , the simple interest earned in 13 years will be :-

I=1700\times0.098\times13=2165.8

Now, the combined amount = P+I =$1700+$2165.8= $3865.8

Hence, the credit union would owe Heather $3865.8 in 13 years.

4 0
2 years ago
A firm produces and sells two goods, A and B. Good A is known to have many close substitutes; good B makes up a significant port
stepan [7]

Answer:

d. Decrease and total revenues from good B to decrease

Explanation:

Goods that have many substitutes and goods that makes up a significant portion of most families' budgets usually have an elastic demand.

Elastic demand means quantity demanded is sensitive to changes in price.

A good with many close substitute can easily be replaced because it has many goods that are similar to it.

If the price of the good with many close substitutes is increased, consumers would reduce qunatity demanded of the good and begin to demand for more of its many close substitutes. As a result, total revenue of seller of the good with many substitutes would fall.

A good that takes up a significant amount of a familys budget means that it cost the family a lot to acquire the good. If price of this good is increased, the family would be sensitive to the price increase and reduce their quantity demanded. As a result, the total revenue of the seller would fall.

I hope my answer helps you

4 0
3 years ago
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