Answer:
Detailed step-wise solution in tabular form is given below:
The state of being scarce or in short supply; shortage:
An example is scarcity of rain is drought.
Hi there
First find the book value of the truck
Book value=
Cost-accumulated depreciation
36,000−30,000
=6,000
disposed of for $5,000 cash
Book value 6000
So the answer is
Loss of 1000 (5000-6000)
Good luck!
Answer:
The actions to write in the ledger are two.
Explanation:
When Jones withdraws from his personal account he is making a debit action, which indicates that this asset is decreasing and when that money is deposited to a commercial account he is making a credit action, which indicates that this asset is growing.
Answer:
ADDITIONAL REVENUE & ADDITIONAL COST
Explanation:
If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income
1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement
2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.
