1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet-ann [11.9K]
3 years ago
9

Required information Use the following information for the Quick Study below. [The following information applies to the question

s displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment $ 245,000 $ 335,000 Accumulated depreciation—Equipment (126,000 ) (236,000 ) Equipment, net $ 119,000 $ 99,000 Buildings $ 445,000 $ 465,000 Accumulated depreciation—Buildings (139,000 ) (324,000 ) Buildings, net $ 306,000 $ 141,000 QS 12-10 Computing investing cash flows LO P3 During 2019, equipment with a book value of $53,000 and an original cost of $275,000 was sold at a loss of $5,600. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019? Next Visit question mapQuestion 5 linked to 6 of 7 Total 5 6 of 7 Prev
Business
1 answer:
Zolol [24]3 years ago
6 0

Answer:

1. How much cash did Anders receive from the sale of equipment?

$ 47,400    

How much depreciation expense was recorded on equipment during 2019

$ 57,000

What was the cost of new equipment purchased by Anders during 2019?

$ 185,000

Explanation:

Book Value -$ 53,000

Sale Value $ 47,400

Sold Loss -$ 5,600

Accum. Depreciation Eq. 2018 $ 236,000

Accum. Depreciation Eq. 2019 -$ 126,000

Book Value                                  -$ 53,000

REAL Depreciation During 2019 $ 57,000

Property and Equipment 2018 -$ 335,000

Property and Equipment 2019 $ 245,000

Original Cost $ 275,000

REAL Depreciation During 2019 $ 185,000

You might be interested in
The amount of a real estate broker's commission is
zvonat [6]

In India, the majority of properties are sold with the help of a real estate broker or agent. When the broker helps a seller and buyer get in touch with each other and both the parties agree to engage in the transaction, then both the parties are required to pay a certain %age of the property value as a fee to the real estate broker. Read below to know about the real estate broker commission rates India:

There are no specific guidelines laid for the commission paid to real estate brokers. In India, real estate agents usually ask the seller and the buyer to pay 1-2% of the deal value as their commission, also known as the real estate brokerage fee.

8 0
2 years ago
The rate of return on the common stock of Flowers by Flo is expected to be 15 percent in a boom economy, 7 percent in a normal e
sertanlavr [38]

Answer:

the Expected rate of return will be 8.2%

the variance will be 0.001296

Explanation:

We will calculate the Expected Rate of Return which is the sum of the wieghted return based on their probabilities:

return of 0.15 probability 20%  =  0.03

return of 0.07 probability 70% =  0.049

return of 0.03 probability 10% =   0.003

              expected return        =   0.082 = 8.2%

Now to calculate the variance we do:

∑(rk-ERR)^2 x pk

The sum of the difference between the expected rate and the escenario rate, power two, and multiply by their posibility

(0.15-0.082)^{2}\times0.20+(0.07-0.082)^{2}\times0.70+(0.03-0.082)^{2}\times0.10

the variance will be: 0.001296

3 0
3 years ago
You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to p
Fiesta28 [93]

Answer:

c. 60 on the sales floor, 24 on the register.

Explanation:

Given that

The total number of employees to manage is 84

and w assume that the no of employees on the sales floor after having division be x

also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor

So that means

x ÷84 = 5 ÷ (5 + 2)

after solving this x = 60

So the no of employees on register is

= 84 - 60

= 24

7 0
3 years ago
Firms that can employ and establish _________________, are more likely to protect their competitive advantage from being copied
pishuonlain [190]

Firms that can employ and establish <u>isolating mechanisms</u> are more likely to protect their competitive advantage from being copied and/or eroding away.

Isolation mechanisms:

A company is able to maintain its competitive edge for a longer period of time if it can stop a rival from copying the resource or capability that provides it that advantage. Isolation mechanisms is the name of this technique. For instance, a patent is a legitimate tool to stop imitation.

A firm's objective is to have a prolonged competitive advantage when a resource or capability gives the firm an advantage over competitors for an extended period of time. The industry will determine how long a company can preserve a competitive advantage.

If a business can maintain a competitive edge for a year in a fast-moving field like information technology or quick fashion, it may be quite happy. In an industry with less frequent changes, such as feminine hygiene, a persistent competitive advantage may remain considerably longer.

A sustainable competitive edge cannot be maintained by any company indefinitely. The competition is constantly working to improve its own competitive edge.

Learn more about Isolation mechanisms here:

brainly.com/question/15095207

#SPJ4

7 0
2 years ago
2. Statistically, consumers tell more people about negative experiences in business encounters than about positive experiences.
sergey [27]
I believe the answer Is b, false. Bad experiences leave a bigger impression than good experiences. Kind of like how you can remember more hurtful things people have said to you than nice things
4 0
4 years ago
Other questions:
  • Frodic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 40,0
    6·1 answer
  • How does a deductible affect insurance?
    13·1 answer
  • Which of the following correctly orders the investments from LOWER risk to HIGHER risk?
    10·1 answer
  • After a hurricane in florida destroys half of the orange crop, economists predict:
    14·1 answer
  • With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combinati
    12·1 answer
  • Which of the following statements is FALSE? Explanation: B. Beta is measured using past information.
    5·1 answer
  • Having just returned from the war in Afghanistan, David has $25,000 in his savings account. His girlfriend suggests that he talk
    8·1 answer
  • It is very important to you that your work allows you to use your best abilities. You want to see the results of your work and g
    6·1 answer
  • A pension fund has an average duration of its liabilities equal to 15 years. The fund is looking at 5-year maturity zero-coupon
    14·1 answer
  • If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!