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Effectus [21]
4 years ago
13

Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the dis

posal of the machine on January 1 in each seperate situation. a) The machine needed extensive repairs and was not worth repairing. b) Diaz disposed of the machine, receiving nothing in return. c) Diaz sold the machine for $35,000 cash. d) Diaz sold the machine for $68,000 cash. e) Diaz sold the machine for $80,000 cash.
Business
1 answer:
Vinvika [58]4 years ago
8 0

Answer: There will be separate entries for all the situations.

<u>Explanation:</u>

Entry 1 Loss on disposal of the machine 68000                      Accumulated depreciation of the machine 182000                       machine 250000    

Entry 2 Cash 35000

Loss on sale of machines 33000

Accumulated depreciation 182000

machine 25000

Entry 3 Cash 68000

Accumulated depreciation - machine 182000

machine 250000                                                                                                                                                    

Entry 4 Cash 80000  

Accumulated depreciation - machine 182000

Gain on sale of machine 12000

machine 250000                                                                            

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Wittaler [7]

Answer:

The correct answer is letter "A": stress.

Explanation:

Stress interviews are those where applicants are tested in critical skills such as problem-solving scenarios <em>role-playing</em> those situations to find out how the applicant reacts. These evaluations place a special focus on having prospective employees show what they are capable of before being hired. Stress interviews also let applicants know what a regular day at work could be with the position they are applying for so they can review if it is what the applicants are looking for.

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4 years ago
An employer-sponsored retirement plan, where an individual pays taxes on money contributed but not on the money withdrawn, is ca
Anon25 [30]

Roth 401k

Answer for Apex

5 0
3 years ago
Read 2 more answers
Tinker's cost of goods sold in the year of sale (2019) was $750,000 and 2018 cost of goods sold was $770,000. The inventory at t
Harrizon [31]

Answer:

96.3 days

Explanation:

Inventory turnover is calculated as;

= ( Average inventory / cost of goods sold ) × 365

Where,

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($208,000 + $188,000) / 2

Average inventory = $198,000

Therefore,

Inventory turnover = ($198,000 / $750,000) × 365

Inventory turnover = 96.3 days

The average number of days for Tinker to sell it's inventory during 2019 is closest to 96.3 days

4 0
3 years ago
Seth did menial work—mostly house cleaning—when he could find it. He had been homeless for a year, and since then simply did not
Advocard [28]

Answer: Under class

Explanation:

 According to the question, Seth belongs to the under class as in the class hierarchy the underclass is one of the segment that belongs to the lowest position.

The people who belongs to the lowest or the bottom position in the society and also become the victim of the poverty in the society.

The underclass people are also comes under the economical weak section and they also lack of the educational and the social skills.  

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4 0
3 years ago
On November 1, 2018, New Morning Bakery signed a $195,000, 6%, six-month note payable with the amount borrowed plus accrued inte
Blizzard [7]

Answer:

total cash pay is $200850

Explanation:

given data

Bakery signed P = $195000

rate R = 6 %

time T = 6 month

to find out

cash amount will be needed to pay back with interest

solution

we find first interest for 6 month that is 6/12 year

so interest = P×R×T

interest = 195000×0.06×6/12

interest = $5850

so total amount pay = Principal  + Interest

total amount pay =195000  + 5850

total cash pay = $200850

5 0
3 years ago
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