Answer:
The journal entry for disposal of equipment will be as follows;
Explanation:
Accumulated Depreciation Dr.$98,000
Cash Dr.$40,000
Loss on disposal (150-98-40) Dr.$12,000
Equipment Cr.$150,000
Answer:
MAX WEBER
Explanation:
Legal domination, its purest type is bureaucratic domination, is based on the fact that any right can be created and modified by means of a statute sanctioned correctly in terms of form, that is, through this type of domination the ruling class uses legal bodies to achieve its goal of maintaining domain control.
In a position, his performance demands all the performance of the official; This means that whoever occupies the position must be efficient in their functions, therefore a high level of performance is expected from the leaders of the bureaucratic organization.
face value
What is face value?
A financial concept known as "face value" refers to a security's nominal or monetary value as indicated by its issuer. The original cost of the stock, as stated on the certificate, serves as the face value for stocks. In the case of bonds, it refers to the sum that is normally paid in $1,000 increments to the holder at maturity. The term "par value" or simply "par" is frequently used to refer to the face value of bonds. The term "face value" refers to the nominal or monetary worth of a security; the issuing party declares the face value.
The initial purchase price of a stock, as shown on the stock's certificate, is the stock's face value.
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Common property is an ownership fence, which applies to resources like land that more than one individual owns jointly.
<h3>What does the term "common property" mean?</h3>
Natural resources that are owned and managed jointly by a society or community rather than by a single person are known as common property (environmental).
<h3>What sort of things are common property?</h3>
Common facilities found within areas designated and administered as "common property" include gardens, tunnels, walls, pathways, roadways, stairs, lifts, foyers, and fences.
<h3>How do common property and public property differ from one another?</h3>
Public properties are real estate that is owned and proactively managed by public entities and is put to use for public purposes. Private properties are the lands and structures that are held by people and businesses. Private property owners have the right to use, occupy, sell, or lease their properties.
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Answer:
Jane's economic profit is $5,000.
Explanation:
Jane decides to open a business of her own and earns an accounting profit of $50,000 in the first year.
She turned down three job offers with salaries of $30,000, $40,000, and $45,000 to start her business.
Here, the opportunity cost of doing business is $45,000 as the opportunity cost is the cost of giving up the second-best alternative.
The accounting profit does not consider implicit or opportunity cost. But in the calculation of economic profits, the implicit cost is considered.
Economic profits
= Accounting profit - Implicit cost
= $50,000 - $45,000
= $5,000