1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Effectus [21]
3 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]3 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                                                                            

You might be interested in
What is B2B marketing?
andrew11 [14]

Answer:

Explanation:  As the name suggests, business-to-business marketing refers to the marketing of products or services to other businesses and organizations. It holds several key distinctions from B2C marketing, which is oriented toward consumers.

6 0
3 years ago
Delta Corporation has a bond issue outstanding with an annual coupon rate of 7% and 20 years remaining until maturity. The par v
denpristay [2]

Answer:

Current yield is 10.3%

Explanation:

Coupon payment = 1000 x 7% = $70 annually

Number of periods = n = 20 years

Yield to maturity = 11% annually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $70 x [ ( 1 - ( 1 + 11% )^-20 ) / 11% ] + [ $1,000 / ( 1 + 11% )^20 ]

Price of the Bond = $557.43 + $124.03 = $681.46

Current yield is the ration of coupon payment to the price of the bond.

Current Yield = Coupon Payment / Price of Bond = $70 / 681.46 = 0.1027 = 10.3%

5 0
3 years ago
According to the goldman sachs video case study on the factory of the future, which one of the following developments was not de
Schach [20]

Daniela Costa, head of the European Capital Goods Equity Research team in Goldman Sachs Research, outlines three key drivers of this development, which could provide more than $500 billion in combined savings for manufacturers and customers.

Goldman Sachs is an American multinational funding financial institution and monetary offerings company. Founded in 1869, Goldman Sachs is situated at 2 hundred West road in decrease big apple, with local headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, and Salt Lake town, and extra places of work in different global monetary facilities. Goldman Sachs is the second biggest investment financial institution in the international through sales and is ranked 57th at the Fortune 500 listing of the largest united states of America companies by overall revenue. It's miles considered a systemically critical financial institution by way of the economic balance Board. The employer has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. Federal government thru a "revolving door" of former employees, and using up charges of commodities through futures hypothesis.

Learn more about Goldman Sachs here

brainly.com/question/28928820

#SPJ4

3 0
1 year ago
Match the accounting terminology to the definitions (Click the icon to view the definitions.)
Volgvan

Answer:

a. Accounting.

b. Certified public accountants.

c. Creditor.

d. Managerial accounting.

e. Certified management accountants.

f. Financial accounting.

Explanation:

1. <u>Accounting</u>: information system that measures business activities, processes that information into reports, and communicates the results to decision makers.

2. <u>Certified public accountants</u>: professional accountants who serve the general public.

3. <u>Creditor</u>: person or business to whom a business owes money.

4. <u>Managerial accounting</u>: field of accounting that focuses on providing information for internal decision makers.

5. <u>Certified management accountants</u>: professionals who work for a single company.

6. <u>Financial accounting</u>: field of accounting that focuses on providing information for external decision makers.

7 0
3 years ago
Estion 1/5
tigry1 [53]

Answer:

Prepare a detailed business for financial viability study

5 0
2 years ago
Other questions:
  • A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $125,374.6
    15·1 answer
  • Which of the following are considered in determining a fair and reasonable price in a municipal agency transaction?
    13·1 answer
  • On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannuall
    14·1 answer
  • A warrantless search of a vehicle must be based on:
    6·1 answer
  • The following data pertain to operations concerning the product for the last month: Actual hours worked 8,100 hours Actual total
    13·1 answer
  • Decathlon Corp., a sports shoe manufacturer, launches a new line of sports shoes. To promote the product, Decathlon Corp. invite
    14·1 answer
  • Absent government regulations to guard against​ fraud, why might top managers deceive investors about the true financial condi
    12·2 answers
  • Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o
    11·1 answer
  • The marginal productivity theory of resource demand suggests that those resources whose productivity levels are high will end up
    5·1 answer
  • Irene has made Sara an offer on the purchase of a capital asset. Irene will pay (1) $200,000 cash or (2) $50,000 cash and a 6% i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!