37.5%
Formula:
.15/.40=0.375
Convert decimal to %= .375*100 = 37.5%
Answer:
Service economy or socialist society I think would be your best bets. But, I really think it is a service economy. I hope this helps you! Sorry if it doesn't. Have an amazing day!
Answer and Explanation:
The journal entry to record the flow of cost into department 3 is shown below
Work in Process - Department 3 $555,000
To Work in Process - Department 2 $555,000
(Being the flow of cost into department 3 is recorded)
For recording this we debited the work in process in department 3 as there is a flow and credited the work in process in department 2
The amount is came from
= $100,000 + $125,000 + $150,000 + $50,000 + $60,000 + $70,000
= $555,000
This is the answer but the same is not provided in the given options
Answer:
Cash increases by $500,000
Equipment decreases by $300,000
Profit increases by $200,000
Explanation:
Cash increases by $500,000 because the equipment was exchanged for cash.
The equipment (property,plant and equipment account) decreases by $300,000 because this particular equipment will be removed from PPE account.
Equity increases by $200,000 because there is a profit of $200,000 from the sale.