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lidiya [134]
3 years ago
12

A company's old machine, which cost $45,000 and had accumulated depreciation of $34,500, was traded in on a new machine of like

purpose having an estimated 20-year life with an invoice price of $55,000. The company also paid $48,000 cash, along with its old machine to acquire the new machine. The value of new machine should be recorded at:
Business
1 answer:
KonstantinChe [14]3 years ago
4 0

Answer:

Total Value of New Machine =  $58500

Explanation:

given data

old machine cost = $45,000

accumulated depreciation = $34,500

invoice price = $55,000

cash paid  =  $48,000

to find out

new machine should be recorded

solution

we get here first value of Old Machine after Depreciation is

value of Old Machine after Depreciation = Old Machine Value-Depreciation    .............1

put here value

value of Old Machine after Depreciation = $45,000 - $34,500

value of Old Machine after Depreciation = $10500

and

Total Value of New Machine = Cash Paid + Balance Value of Old Machine  .......2

Total Value of New Machine = $48,000 + $10500

Total Value of New Machine =  $58500

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McDonald's is planning to introduce its own plant based product called Mc Plant. McDonald's marketed the new product in selectiv
zheka24 [161]

Test Marketing E

Explanation:

Its not development or concept testing and pretesting would be like a survey and product launch it hasn't fulled launched yet so its test marketing to see if its good enough to launch in US its also selective stores E

5 0
3 years ago
You bought a stock six months ago for $74.82 per share. The stock paid no dividends. The current share price is $77.59. What is
lidiya [134]

Answer and Explanation:

The computation is shown below;

Percentage returns is

= (End value - Beginning value) ÷ Beginning value

= ($77.59 - $74.82) ÷ $74.82

= 3.70%

Now

APR is

= 3.70 × 2

= 7.40%

As the given months is six but we have to compute for 12 months that why we multiplied it by 2

And,

EAR = (1 + APR ÷ m)^m - 1

where

m = compounding periods

So,

= (1 + 0.074 ÷ 2)^2 - 1

=7.54%

3 0
3 years ago
A transaction may be an exchange of assets or services by one business for assets, services, or promises to pay from a different
kvasek [131]

Answer:

<em>A. True</em>

Explanation:

<em>A transaction may be an exchange of assets or services by one business for assets, services, or promises to pay from a different business.</em>

<em>(1) </em><u><em>Exchange of assets or services by one business for assets, services from a different business</em></u>

The exchange of goods or services only by two different businesses qualifies as a <em>barter transaction</em>. It doesn't include payment for the goods and services purchased in the form of money but includes payment only in the form of goods and services from the other business for the goods purchased by it.

<em>(2) </em><em><u>Exchange of assets or services by one business for promises to pay from a different business</u></em>

This type of transaction is a common transaction involving the purchase of goods and services by one business ( the buyer) from another and thereby making payment to the business from whom it has purchased goods and services (the seller).

The payment can be made immediately or in the future at a specified date mutually agreed upon by both the business parties.

7 0
3 years ago
Identify four economic benefits of hosting a rugby world cup ​
Wittaler [7]

Answer:

yes ,i think that answer

4 0
3 years ago
Machine Malfunction. Bruno, the president of a corporation operating work out facilities, convinced the board of directors to ap
andrew-mc [135]

Answer:

The correct answer is letter "C": The Business Judgment Rule.

Explanation:

The Business Judgment Rule is a law that protects a company's Board of Directors (BoD) from inconsistent allegations from shareholders stating that the BoD is acting against the stakeholders' interest. The law presumes that members of the BoD act in "<em>good faith</em>" and that they do not always make the best decisions.  

The Business Judgment Rule helps managers, in such a way, to avoid laws where there is no substantial proof that they had intentions to go against the investors' will.

8 0
4 years ago
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