Answer: a.Dr. Gain on Sale 9,600
Dr. Equipment 8,400
Cr. Accumulated Depreciation 18,000
Explanation:
Difference between following entries gives the elimination entry:
Actual: Equipment as actually recorded in the financial statements (Equipment Dr. 91600, Gain on sale Cr. 9600)
As if: Equipment as recorded in the financial statements as if it had not been transferred (Equipment Dr. 100000, Accumulated Depreciation Cr. 18000)
Difference of the above recorded entries would be: Equipment Dr. 8400, Gain on sale Dr. 9600, Accumulated Depreciation Cr. 18000
Thus, entry needed to eliminate Buzz’s gain on the sale of equipment to Woody would be:
.Dr. Gain on Sale 9,600
Dr. Equipment 8,400
Cr. Accumulated Depreciation 18,000
Answer:
The component of competent communication that Tevin is missing is ethics.
Explanation:
Competent communication is about communicating in a form that is effective and adequate in a specific situation and the are five components which are: self-awareness, adaptability, empathy, cognitive complexity and ethics. In this case, the answer is ethics because it is about being able to communicate in a form that shows a good behavior avoiding taking advantage of the other person and Tevin committed fraud which is not ethic.
Answer:
The correct numbers for the blank spaces are: 23; 21,7; 18,8.
Explanation:
According to the Congressional Budget Office, in 2009 the United States Government destined 18,8% of the national budget to national defense, 23% for social security (retirement benefits), 21,7% in health care (Medicaid and Medicare), 5,3% in Interest of Federal Debt, and 33,8% in other spending such as education, public transportation, and housing.
Answer:
Effect on income= $115,000 decrease
Explanation:
Giving the following information:
Fixed costs= $45,000
Number of units= 20,000
Unitary contribution margin= $8
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= decrease in fixed costs - decrease in contribution margin
Effect on income= 45,000 - 20,000*8
Effect on income= $115,000 decrease