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natali 33 [55]
3 years ago
15

A copy machine cost $ 45 comma 000 when new and has accumulated depreciation of $ 44 comma 000. Suppose Print and Photo Center s

old the machine for $ 1 comma 000. What is the result of this disposal​ transaction? A. Loss of $ 1 comma 000 B. Gain of $ 1 comma 000 C. Loss of $ 44 comma 000 D. No gain or loss
Business
2 answers:
natita [175]3 years ago
6 0

Answer:

The disposal resulted was at D. No gain or loss

Explanation:

The gain or loss on disposal on a fixed asset is calculated by comparing the sales proceeds from disposing off the asset and the carrying value of the asset.

The carrying value of the asset is its net book value which is calculated as follows,

Carrying value = Cost - Accumulated depreciation

If the carrying value is equal to the sales proceeds from disposal, there is no gain or loss.

The carrying value of copy machine was = 45000  -  44000  =  $1000

The sales proceeds were also $1000

Thus, gain/loss on disposal = 1000 - 1000 = $0

Thus, there was no gain or loss on disposal.

KonstantinChe [14]3 years ago
6 0

Answer:

B

Explanation:

Khan academy

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During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per
Arturiano [62]

Answer:

$150,000

Explanation:

The computation of value of ending inventory under absorption costing is shown below:-

Total Cost per unit = Direct Material per unit + Direct Labor per unit + Variable Overhead per unit + Fixed Overhead per unit

= $5 + $4 + $3 + ( $200,000 ÷ 25,000 units)

= $5 + $4 + $3 + $8

= $20

Ending Inventory in units = Units produced - Units sold

= 25,000 - 17,500

= 7,500

Cost of Ending Inventory = Total Cost per unit × Ending Inventory units

= $20 × 7,500

= $150,000

So, for computing the cost of ending inventory we simply multiply the total cost per unit with ending inventory units.

8 0
3 years ago
Natraj Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department
bazaltina [42]

Answer: $41,520

Explanation;

Equivalent units of production are used when some goods have not been fully processed but costs need to be attached to them. The incomplete ones will be converted to complete goods depending on how far along the production process they are.

Equivalent units for conversion costs = Transfers out during October + Ending WIP * Percentage completion

= 37,800 + (5,700 * 60%)

= $41,520

4 0
3 years ago
Jasper is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in the Sahara D
den301095 [7]

Answer:

b its b  because it says he works hard and he is willing to get a good salary

3 0
3 years ago
Customers who shop at Books-A-Million find that it has a large selection of books, in addition to a helpful and friendly staff.
nika2105 [10]

Answer:

Position Strategy

Explanation:

The position strategy is the strategy in which the business focuses on the important things that will drive value for the organization. This way of developing customers choices and attracting them by added value in services is known as position strategy. The company here has focused on friendly staff and cappuccino offering along with a good selection of books. This means that the company has developed its image which is that scholars come here and that's the uniqueness of the position strategy.

Three things that the company has focused here:

  1. Friendly Staff
  2. Good selection of Books
  3. Cappuccino and other products that increases sales
7 0
3 years ago
Prezas Company's balance sheet showed total current assets of $4,401, all of which were required in operations. Its current liab
Darina [25.2K]

Answer:

$3,176

Explanation:

Computation of net operating working capital

Using this formula

Net operating working capital=Current assets less ( Current liabilities less Notes payable)

Where,

Current assets=$4,401

Current liabilities =($975+$600+$250=$1,825)

Notes payable =$600

Let plug in the formula

Net operating working capital=$4,401-($1,825-$600)

Net operating working capital=$4,401-$1,225

Net operating working capita=$3,176

Therefore the Net operating working capital or NOWC will be the amount of $3,176

7 0
3 years ago
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