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kupik [55]
3 years ago
10

Creative Camera Co. sold equipment with a cost of $ 18 comma 000 and accumulated depreciation of $ 9 comma 000 for an amount tha

t resulted in a gain of $ 2 comma 000. What amount should Creative report on the statement of cash flows as​ "proceeds from sale of plant​ assets"?
a. $16,000
b. $12,000
c. $8,000
d. Some other amount
Business
1 answer:
umka2103 [35]3 years ago
4 0

Answer:

d. Some other amount - $11,000

Explanation:

Investing activities: It records those activities which include purchase and sale of the long term assets . The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash

The computation of the sale of plant assets is shown below:

= Sale value  of equipment - accumulated depreciation + gain on sale of equipment

= $18,000 - $9,000 + $2,000

= $11,000

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fewer; less

Compared to the perfectly competitive firm, the monopolist faces a demand curve that is less elastic because there are fewer substitutes for the product produced by the monopolist.

<h3>What is the demand curve faced by a perfectly competitive firm and a monopolistic?</h3>

A firm's demand curve is perfectly elastic under perfect competition because it can sell any quantity of commodities at the going rate. Therefore, even a slight price rise will result in no demand. This suggests that the company has no influence over price. Large businesses, on the other hand, that are subject to monopolistic competition, deal with differentiated products based on brand. As a result, the demand curve has a decreasing slope and enjoys monopoly power. Only by lowering the price of the product and selling close substitutes will it be able to sell more goods. As a result, under perfect competition, the demand curve facing a firm is perfectly elastic, while under monopolistic competition, it is less elastic.

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2 years ago
Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
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The preemptive right is important to shareholders because it a. allows managers to buy additional shares below the current marke
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Answer:

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