Answer:
Computation of cash received from the sale of the equipment:
D. $58,000.
Explanation:
Computation:
Sale of Equipment Account
Equipment account $240,000
less acc. depreciation 172,000
Net book value $68,000
less loss on sale 10,000
Cash received $58,000
Equipment Account
Year 1 balance $750,000
Year 2 balance 510,000
Sale of equipment $240,000
Accumulated Depreciation:
Year 1 balance $500,000
Year 2 balance 328,000
Sale of equipment $172,000
b) The sale of the equipment caused a loss of $10,000. The net book value of the equipment is $68,000. This implies that it was sold for $58,000 ($68,000 - $10,000). So, the cash received from the sale is $58,000.
False lolllll I have to write more
Answer:
w4
Explanation:
because its w4 because it explains its his first day on the job
Answer:
Campus Stop, Inc.
Partial Income Statement
Sales revenue $323,300
Sales returns ($1,730)
Sales discounts and allowances <u> ($2,270)</u>
Net sales $319,300
Cost of goods sold <u>($172,870)</u>
Gross profit $146,430
Gross profit margin = $146,430 / $319,300 = 45.86%
Answer:
Check the explanation below
Explanation:
Inflation is systematic (Market) risk, it impacts all stocks
Results of company is unsystematic (Specific) risk, as they are as expected stock price wont have much impact
Economic growth is systematic (Market) risk, as it is inline with forecasts stock prices will be constant
Directors death is unsystematic (Specific) risk, stock price will go down
Taxation is systematic (Market) risk, as it is discussed from 6 month, stock price wont have much impact currently
