Sherman's strategy of destroying the enemy's resources and morale is known as "_________

During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the compan

Mice21 [21]

Answer:

Part 1

Cost of Equipment Sold = $9300

Accumulated Depreciation of Equipment Sold = $ 1100

Cash received from Sale = $5300

Part 2

<em>Net Cash Flows from Operating Activities</em>

Add Back (Positive) to Operating Profit for the year : Loss on sale of equipment $ 2900

Part 3

<em>Net Cash flows from Investing Activities</em>

Add (Positive) Proceeds from Sale of Equipment $ 5300

Explanation:

Part 1

<em>Cost of Equipment Sold:</em>

The figure is obtained from Equipment At Cost Account.

Open the Account as follows:

Beginning Balance $ 20300 (debit), Ending Equipment $ 11000, Balancing figure $ 9300 (20300-11000) is the cost of equipment sold.

<em>Accumulated Depreciation of Equipment Sold</em>

The figure is obtained from Accumulated Depreciation.

Open the Account as follows:

Beginning Balance $ 1980 (credit), Profit and loss - Depreciation $ 870 (credit), Ending Balance $ 1750 (debit), Balancing figure $ 1100 (1980+870-1750) is the Accumulated Depreciation on Equipment Sold

<em>Cash Received on Sale</em>

This figure is figure is obtained from Equipment Disposal Account.

Open the Account as follows:

Cost of Equipment Sold $ 9300 (debit), Accumulated depreciation on equipment sold $1100(credit),Loss on Sale of Equipment $2900(credit),the Balancing figure $5300 (9300-1100-2900)

Part 2

Loss on sale of Equipment is the only Income Statement Item affecting the Operating Activity of the Cash Flow Statement.

Add back to Operating profit since this is a non-cash item and was initially deducted in the calculation of Operating Profit.

Part 3

Sale of Equipment results in Cash Inflow and affects the Cash Flows from Investing Activities Section of Cash Flow Statement.

Hence a positive amount should be added to reflect this inflow.

4 0

4 years ago

Use the as/ad model to describe the effect of each of the following events on the economy of snezhanka (a fictitious nation). be

marusya05 [52]

The following would happen

Aggregate income would increase for households. They would have a rise in output.

<h3> taxes on households are decreased</h3>

When the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.

<h3> taxes paid by firms are decreased</h3>

The cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.

<h3>the value of the national currency, the snezhankan lev, declines in the international currency market?</h3>

If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.

<h3> a revolutionary new machine, the apparat, increases worker productivity</h3>

An increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.

Read more on aggregate demand and aggregate supply here:

brainly.com/question/25749867

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4 0

2 years ago

Antonio would like to replace his golf clubs with a custom-measured set. A local sporting goods megastore is advertising custom

AlexFokin [52]

Answer:

Antonio and Replacement of Golf Clubs

a. He should cash the CD and use the proceeds to finance part of the golf clubs.

b. The reason is that he would pay more in in-store financing totaling $37.06 per annum than the net interest he would generate from the CD totaling $23.18 per annum. And Antonio would incur a net loss of $13.88 if the CD was renewed unlike the $5.74 if the CD were not renewed.

Explanation:

Option 1: Renew Certificate of Deposit (CD):

Interest earned = $33.48 ($600 * 5.58%)

Taxes = 10.30 ($33.48 * 30.75%)

Net Income = $23.18

Cost of in-store financing = $37.06 ($710 * 5.22%)

Net Loss(overall) = $13.88 ($37.06 - $23.18)

Option 2:

Sale-off of CD = $600

Net financing required = $110 ($710 - $600)

Cost of financing = $5.74 ($110 * 5.22%)

6 0

4 years ago

2. Sally Medavoy will invest $8,000 a year for 3 years in a fund that will earn 10% annual interest. If the first payment into t

ipn [44]

Answer: $10,746

Explanation:

Using Compound interest formula

A= p(1+r/n) *nt

A= final amount =?

P= initial principal =$8, 000

r = interest rate = 0.1

n= nob of times interest applied(3)

t=nob of times period elapsed (3)

A = 8,000 (1+0.1/3) *9

A = 8000 (3+0.1/3) *9

A= 8000 (3.1/3) *9

A = 8000 (1.0333) *9

A = 8000 × 1.34327

A= $10,746

5 0

3 years ago

It is fairly easy to acquire loans in Arzenia as the financial intermediaries of the country receive sufficient funds in the for

puteri [66]

Answer:

d. depository institutions

Explanation:

Depository institutions include institutions such as banks, savings associations, and credit unions. They encourage money savings.They are usually insured on a federal level.

When customers save their money with this institutions, the institutions use the money to provide loan facilities to people.

4 0

4 years ago

Sherman's strategy of destroying the enemy's resources and morale is known as "__________."