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White raven [17]
4 years ago
8

On January 1, Feld traded a delivery truck and paid $10,000 cash for a tow truck owned by Baker. The delivery truck had an origi

nal cost of $140,000, accumulated depreciation of $80,000, and an estimated fair value of $90,000. Feld estimated the fair value of Baker's tow truck to be $100,000. The transaction had commercial substance. What amount of gain should be recognized by Feld?
Business
1 answer:
S_A_V [24]4 years ago
7 0

Answer:

gain on disposal                     30,000

Explanation:

First we do the numbers for the old truck:

Asset        140,000

Acc Dep          80,000

Book Value  60,000

Now, becuase there are commercial subtance we will recognize the dgain or loss at disposal.

Total given-up for the tow truck

bake tow truck                      100,000

cash                                     <u>   (10,000)  </u>

Baker valuation of our truck  90,000

book value                             (60,000)

gain on disposal                     30,000

<u>journal entry</u>

tow truck                      100,000

acc dep delivery truck   80,000

    cash                                                   10,000

   delivery truck                                   140,000

   gain on disposal                                30,000

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Answer: 1,425.2 units

Explanation:

Recorder point :

Lead time = 4 weeks

Expected demand during this time is

= No. of weeks × Weekly demand

= 4 × 273

= 1,092 units

Standard Deviation = 95 units

Standard Deviation for the 4 week period is:

= 85\ units\times 4^{0.5}

= 170 units

At the 95% probability level, the z-score is 1.96 (From the Z- table)

Safety Stock = Z-value × Standard Deviation for the 4 week

                     = 1.96 × 170 units

                     = 333.2 units

Recorder point = Safety stock + expected demand during the time period so,

                          =  333.2 units  + 1,092 units

                          = 1,425.2 units

6 0
3 years ago
Suppose you would like to a train a group of managers to enhance their skill in providing employee feedback. Which of the follow
devlian [24]

Answer:

Adventure learning

Explanation:

Adventure learning or training refers to those experimental adventure based training programs so as to promote organizational development.

Such a form of training includes adventurous activities , which may be carried out within or outside an organization.

It could be in the form of socializing games created so as to make employees or trainees familiar with one another.

There could be group activities so that trainees understand the importance of working in a group and effective coordination.

Such form of training and learning promotes organizational growth, individual development and build of trust between employees and better understanding and synchronization.

Such a form of learning can also help in resolving conflicts and aid in the development of leaders.

7 0
3 years ago
If she spends all of her income on uglifruit and breadfruits, Maria can just a ord 11 uglifruit and 4 breadfruits per day. She c
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Answer:

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Explanation:

As the price of uglifruit is 6 Pesos. So we need to find the price breadfruits in order to find Maria's daily income. So the equation would be :

11 ( 6) + 4 Breadfruit = 3(6) +8 Breadfruit, as the price of uglifruit is 6 pesos.

66+4 Breadfruit= 18+8 Breadfruit

66-18= 8 Breadfruit- 4 Breadfruit

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Now we can insert the price of Breadfruit in the equation to drive Maria's income which 114 .

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4 years ago
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Which of the following statements is true of the scientific method?
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Answer:

The answer is: C) The scientific method may not reveal a "true" model of the world.

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Microeconomics relies on the use of the scientific method and econometrics, while the scientific method is not applicable in macroeconomics.

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