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steposvetlana [31]
3 years ago
9

An asset was purchased for​ $33,000 on January​ 1, 2019. The​ asset's estimated useful life was five​ years, and its residual va

lue was​ $4,000. The​ straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for​ $26,000 on December​ 31, 2019, the last day of the accounting period.
Business
1 answer:
Gekata [30.6K]3 years ago
4 0

Answer:

loss of $1,200

Explanation:

Depreciation is the systematic allocation of cost to an asset. it is given as

Depreciation = (cost - salvage value)/useful life

When an asset is sold at an amount lower than its carrying or net book value, a loss on sale/disposal is recognized otherwise, a gain on disposal. The netbook value is the cost less accumulated depreciation.

Depreciation =  ($33,000 - $4,000)/5

= $5800

Netbook value at disposal = $33,000 - $5800

= $27,200

Gain/(loss) on disposal = $26,000 - $27,200

= ($1,200)

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PP.18 A "mix hedge"...(Check all that apply.)
Oksi-84 [34.3K]

Answer:

A mix hedge reduces levels of expensive  FG inventory while slightly increasing component inventories.

A mix hedge is a planning technique which supports increased production flexibility

Explanation:

Hedging inventory implies a level of inventory that is kept to shield against unexpected event such as breakdown of machines,strikes,surge in demand for product or non-availability of raw materials due to disruption in supplier's business.

However, mix hedge is required to ensure the right of mix of inventories at every point in time so as to avoid investing more than required resources in inventory by keeping low volume  of expensive items of inventory and at the same time increasing the number of inventories kept overall,such that  risk associated with inventory can be shared by a number of items of inventory instead of a single line of inventory.

3 0
3 years ago
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences o
qwelly [4]

Answer: Option B  

                                                                         

Explanation:  In simple words, geographic departmentalization refers to the  process under which an organisation separates its market operations on the basis of the geography such as country, state or district etc.

In the given case, company has separated its operations on the basis of different preferences of different countries.

Hence from the above we can conclude that the correct option is B .

8 0
3 years ago
What might happen to a population of animals if one or more of the limiting factors were no longer limiting?
Anuta_ua [19.1K]

In the natural world, limiting factors like the availability of food, water, shelter and space can change animal and plant populations. Other limiting factors, like competition for resources, predation and disease can also impact populations. ... Some changes may cause a population to increase.

4 0
3 years ago
Which of the following is likely to increase a country's gross domestic product (GDP)?
antiseptic1488 [7]

Answer: In macroeconomics, gross domestic product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a determined period, normally one year or quarterly.

GDP can be measured by adding up all the final demands for goods and services in a given period. In this case, the destination of the production is being quantified. There are four major areas of spending: household consumption (C), government consumption (G), investment in new capital (I) and the net results of foreign trade (exports-imports).

And it can also be measured by adding the income of all the factors that contribute to the production process, such as wages and salaries, commissions, rents, copyrights, fees, interests, profits, etc. The GDP is the result of the calculation by means of the payment to the factors of the production. All this, before deducting tax.

Thus the statements "b. An increase in Social Security expenses" as government expenses, "c. An increase in retirement and pension benefits to elderly citizens" as subsidies or transfers, and " d. An individual receiving an annual performance bonus of $5,000" as financial interest are likely to increase a country GDP.

3 0
3 years ago
Read 2 more answers
Memphis Company's May sales budget calls for sales of $900,000. The store expects to begin May with $50,000 of inventory and to
gtnhenbr [62]

Answer:

Cost of merchandise purchase for May = $500,000

Explanation:

Provided information,

Sales for the month = $900,000

opening inventory = $50,000

Closing inventory = $55,000

Gross margin on sales = 45% of sales

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Therefore, purchase for the month = Cost of goods sold + Closing - Opening

= $495,000 + $55,000 - $50,000 = $500,000

8 0
3 years ago
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