1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mila [183]
3 years ago
7

Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record

the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $35,000 cash. 3. Diaz sold the machine for $68,000 cash. 4. Diaz sold the machine for $80,000 cash.
Business
1 answer:
nadya68 [22]3 years ago
8 0

Answer:

1) loss at disposal                   68,000 debit

  accumulated depreciation 182,000 debit

                 milling machine          250,000 credit

2) loss at disposal                   33,000 debit

   cash                                     35,000 debit

  accumulated depreciation 182,000 debit

                 milling machine          250,000 credit

3)

   cash                                     68,000 debit

  accumulated depreciation 182,000 debit

                 milling machine          250,000 credit

4) cash                                     80,000 debit

   accumulated depreciation 182,000 debit

   gain  at disposal                          12,000 credit

                 milling machine          250,000 credit

Explanation:

the book value is the same for all alternatives:

cost - accumualted depreciation

250,000 - 182,000 = 68,000 net book value

1) as there is no salvage value all the book alue is considered loss at disposal

from #2 to #4 we recieve cash for the milling machine to determinate the loss/gain we need to do as follows:

proceeds less book value = result (gain if positive loss if negative)

2)       35,000 - 68,000 = -33,000

3)         68,000 - 68,000 = 0

4)          80,000 - 68,000 = 12,000

You might be interested in
The consumption function shows the relationship between consumption spending and _______. The slope of the consumption function
Stella [2.4K]

Answer:

Consumption Function : Relationship between Consumption Spending & Income

Consumption Function Slope = Marginal Propensity Curve  (MPC)

Change in Consumption = Change in Income X MPC

Explanation:

Consumption Function is the curve representing relationship between Consumption spending and Income.

C = a + bY ; where :- C = Consumption , Y = Income ,  a = Autonomous Consumption i.e consumption at 0 level of income , b = MPC i.e additional consumption consumed from additional income = ΔC / ΔY

b = MPC i.e change in C due to additional change in Y = ΔC / ΔY is the slope of Consumption Function

MPC = ΔC / ΔY .

So, change in consumption i.e ΔC = MPC X ΔY  

6 0
3 years ago
The marketing researcher for a game company is conducting an experiment to test customer reaction to the pricing of a new game d
SSSSS [86.1K]

Answer:

The correct option is D) The design of the study suffers from selection bias.

Explanation:

In research, Selection Bias occurs when the researcher decides who the respondents are or those who are being evaluated or studied.

Every research ought to be designed in such a way that the respondents are selected at random.

In the information provided, the respondents were selected from a group of people who on a balance of probability were already inclined to decline because it was a list of dissatisfied customers. The chances of them declining to respond or responding with a negative were higher than the chances of them indicating that they would buy and this defeats the purpose of the research. The research ought to have also included a sample of respondents who didn't have the product, who had enjoyed the services of the company and were content, those who didn't even know what the product did until they got the survey.

That way holistic information can be obtained from the research about how different sets of people will react and not just those who are already dissatisfied with the company's product(s).

Some of the ways to avoid selection bias in research are:

  • To employ the use of random techniques selecting sample sets from populations.
  • To check that the traits or characteristics of the larger population are well represented in the samples selected

Cheers

4 0
2 years ago
PLEASE HURRY!!!!!!
nexus9112 [7]

If Jamie would like to compare one savings account to

another savings account, and that he compares the amount of the interest he

will earn in one year in each account, it is likely that he is demonstrating

the annual percentage yield. This is where the annual rate return exist in

which the effect of copound interest is being taken into account.

hope this helps


5 0
3 years ago
Read 2 more answers
With the segmentation variables identified, the VP of Marketing asks you to think about what the target market would look like f
lilavasa [31]

Answer:

2. Small household: 1-2 members.

Explanation:

The small household will require lesser things. The Sauber washer-dryer combo is suitable for small houses where there are 1 or 2 people living there. It is suitable for newly wed couple or old aged couple or 2 people living together on sharing basis. The best suited is to target such households for marketing of new washer dryer combo.

4 0
2 years ago
When unemployment is high, government policymakers might decide to do which of the following?
dedylja [7]

Answer:

Option C is correct.

Explanation:

The option is C, “Increase government spending on goods and services” is correct because the spending by the government will create new employment opportunities. Therefore, this will decrease unemployment. However, if the government decreases the loan funds in the economy, decreases the spending on goods and services, and rises the taxes then it will raise unemployment in the economy.  

8 0
3 years ago
Other questions:
  • Annie is excited about a $500 income tax return and is already contemplating which shoes to purchase. annie is exhibiting
    9·1 answer
  • Flash E - Card Manufacturing manufactures software parts for the computer software systems that produce e - cards. The Flash II
    13·1 answer
  • Clemeson Corporation, which has only one product, has provided the following data concerning its most recent month of operations
    14·1 answer
  • The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $13,250 cash in the company. b. The company purch
    5·1 answer
  • Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of int
    14·1 answer
  • Evans Inc. had current liabilities at April 30 of $74,100. The firm's current ratio at that date was 1.7.Required:Calculate the
    7·2 answers
  • The middle of supply chain information systems (SCIS) framework is which of the following?
    5·1 answer
  • Industrialization Enterprise is considering a three-year project that will require an initial investment of $44,000. If market d
    7·1 answer
  • What is used to calculate the cost of living index
    9·1 answer
  • Endorsement occurs when an athlete licenses his or her name to be used as a type of testimonial for a product or service.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!