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Inga [223]
3 years ago
14

Motor Sales sold its old office furniture for $ 8 comma 500. The original cost was $ 18 comma 000​, and at the time of​ sale, ac

cumulated depreciation was $ 10 comma 000. What is the effect of this​ transaction?
Business
1 answer:
Vladimir79 [104]3 years ago
7 0

Answer:

$1,500

Explanation:

For the computation of effect of the transaction first we need to find out the book value sold for which is shown below:-

Book Value sold for = Original cost of the furniture - Accumulated depreciation

= $18,000 - $10,000

= $8,000

Gain = $9,500 - $8,000

= $1,500

Therefore for computing the effect of the transaction we simply applied the above formula and as we can see that there is gain of $1,500

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Johanna has been asked by the department manager to prepare a SWOT analysis on two of the company's products. In which step of t
Stella [2.4K]

Answer:

The options for this question are the following:

A. current reality assessment

B. establish the mission

C. prepare values statement

D. maintain strategic control

The correct answer is A. current reality assessment .

Explanation:

The current evaluation has been designed to evaluate competencies. In the new trends, two support centers can be found: one, focused on the critical review of education sciences in particular and social sciences in general and the other, more pragmatic, derived from the new challenges introduced by the progress dizzying of science and technology.

The traditional evaluation procedure responds to content-based education. It is based on forms of institutionalized obedience and tends to lead the educational process to the school routine and the use of coercive measures, thus impeding the search for critical and creative thinking.

3 0
3 years ago
The purchase and sale of long-term assets and current investments are classified as:
Sveta_85 [38]

ash transactions that encompass purchase as well as sale of long-term assets as well as current investments can be considered to classified as Investing activities.

  • Investing activities can be regarded as one of the categories of net cash activities which is been reported by business on the cash flow statement.

  • It is the purchase as well as sale of long-term assets at a given period.

Therefore, Investing activities is correct.

Learn more at:

brainly.com/question/13158188?referrer=searchResults

8 0
2 years ago
A small foundry agrees to pay $220,000 two years from now to a supplier for a given amount of coking coal. The foundry plans to
MaRussiya [10]

Answer:

A) $24,602

Explanation:

We can solve this question by finding the periodic deposits needed by using the formula:

FV=PMT*\frac{(1+i)^n-1}{i}

where:

FV= future value   = $220,000

PMT = periodic deposits required = ???

i = effective  interest rate per period = 0.0331

n= number of deposits = 8

However, since the interest is compounded monthly, let's also  calculate the effective interest rate

Effective interest rate = (1+\frac{r}{m}) ^m-1

where; r = 12.5% = 0.125

(1+\frac{0.125}{12})^{12} -1

= 0.1324

Interest rate per period = \frac{0.1324}{4}

= 0.0331

Then;

220,000=PMT*\frac{(1+0.033)^8-1}{0.033}

220,000 = PMT × 8.986

PMT = \frac{220,000}{8.986}

PMT = $ 24,482.5

Since A) $24,602 is closer to $ 24,482.5

Therefore,  $ $24,602  must be deposited every three months

3 0
3 years ago
Scenario: Money Creation The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in
disa [49]
Your answer to this question is increased by $1000
8 0
2 years ago
The Office of Management and Budget and the Council of Economic Advisers are both parts of the ________.
7nadin3 [17]

Answer:

The correct answer is "Executive office of the president"

Explanation:

The Executive Office of the President of the United States (EOP) is a gathering of agencies belonging to the executive branch of the government of the United States of America. The principal function is to support the president works.

The Office of Management and Budget and the Council of Economic Advisers are part of the EOP.

5 0
3 years ago
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