A scored re-review will be led for just places that scored a 75 or less. Foundations that have a score of 76 or better will yet essential encroachment get an un-scored follow-up appraisal to ensure that the fundamental infringement have been balanced
Answer:
$250 is the answer
Explanation:
As we want to calculate here the net income which could be found from the following formula:
Net Income or Profit = Sales - Expenses
In this case the sales figure is $750 and the expenses are $500.
By putting the values we have
Net Income = $750 - $500 = $250
Answer: Create incentives to expand output when resource prices are unresponsive to price-level changes
Explanation:
High price levels indeed create incentives to expand output if resource prices are unresponsive to price changes.
What this means is that, when price levels rise, suppliers tend to take advantage of this rise by producing more if, their INPUTS DON'T increase in price as well.
For example, price of steel goes up by $5 but the price of Iron Ore remains the same.
Suppliers and Producers will produce more steel because they can make a high profit because iron ore prices have not changed.
Answer: The machine cost 64,500 and has accumulated depreciation of 36,120 so the book value of the machine is (64,500-36,120)=28380
The book value of the machine is 28380 so if the machine is sold for 32,250 then the gain on sale is (32,250-28380)= 3,870
Debit Credit
Cash 32,250
Machine 28,380
Gain on sale 3,870
If the machine is sold for 19,350 then there will be a loss on the sale of the machine and the loss will be debited. (28380-19350)=9,030
Debit Credit
Cash 19,350
Loss on sale 9,030
Machine 28,380
Explanation: