Answer:
The recognized gain is $2000
Explanation:
The carrying value of the cab sold is the difference between the original cost of $23,000 and the accumulated depreciation of $16,000, hence, carrying value is $7000($23000-$16,000)
The cash proceeds from the disposal of then cab are $9000
Gain on disposal of cab=$9000-$7000
Gain on disposal of cab=$2000
Answer:
General ledger
Explanation:
A general ledger in accounting is a book pf account that is meant to record the business' transaction entries towards the preparation of the income statement and the statement of financial position.
It records activities like sales order processing , accounts receivable , inventory and purchasing , accounts payable and payroll
We have two types of general ledger which are private ledger that records transaction on salaries , wages and capitals , and nominal ledger that records transaction on expense , income , depreciation etc.
Answer:
take actions now that will have positive effects on organizational performance in the future.
Explanation:
Lead indicators can be defined as an economic indices such as level of company stock prices or corporate profits, which usually changes before any significant corresponding change in the state of an economy. Thus, leading indicators serves as leaders or drivers for a business firm or organization.
Generally, lead indicators guide management to take actions now that will have positive effects on organizational performance in the future because they are variables that corresponds to a future variable of interest.
Answer: It contributed to shortages of weapons and food.
Explanation:
As soon as the Civil War broke out, the President Lincoln ordered the Navy to blockade Southern ports so that they would not be able to get supplies from sympathetic nations.
The blockade had the desired effect because it contributed to shortages of weapons and food and ensured that the Union had significantly more resources to fight than the Confederacy did throughout the war.
Answer:
PV of the six year annuity = $201,923.57
Explanation:
<em>This is an example of an advanced annuity. A series of constant amount receivable for certain number of years with first one occurring immediately.</em>
Present Value of the annuity for the next five years=
A× 1- (1+r)^(-n)/r
A- annual cash flow, n- number of period, r-interest rate per period
A- 43,000, r- 11%, n- 5
=43,000× (1- 1.11^(-5))/0.11
=158,923.57
The first cash flow of 43,000 occurs immediately , hence it is already discounted. Hence the PV of the total cash flows would be the sum of the PV of the next five year cash flows and the one received now.
Hence,
PV = 158,923.57 + 43,000= 201,923.57
PV of the six year annuity = $201,923.57
