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
Ilia_Sergeevich [38]
4 years ago
7

A company had a tractor destroyed by fire. the tractor originally cost $85,000 with accumulated depreciation of $60,000. the pro

ceeds from the insurance company were $20,000. the company should recognize:
Business
1 answer:
ICE Princess25 [194]4 years ago
4 0
<span>Original cost of the tractor = 85,000 Less Accumulated depreciation = 60,000 Remaining book value of the tractor = 85,000 - 60,000 = 25,000. Amount received from insurance company = 20,000 Therefore loss due to fire = 25,000 - 20,000 = 5,000 The company should recognize this amount as its own loss and debit the loss account. Corresponding credit should be given to tractor account so that tractor account will show zero balance.</span>
You might be interested in
Pizza is a normal good if the demand Group of answer choices
levacccp [35]

Answer:

Option A, For Pizza rise when income rises.

Explanation:

Option A is correct because the income of the consumer and the demand for normal goods are positively related. So when consumer's income increases then the demand for normal goods also increases. If the income falls then the demand for normal goods also falls. Therefore, the movement in the same direction shows that there is a direct relationship between normal goods and the income of the consumer.

5 0
4 years ago
The driver of any vehicle about to enter a freeway or highway must yield the __________ to all traffic.
Alla [95]

Right of way is the correct answer

8 0
3 years ago
What is Mitch’s recommendation for whom you should target with your SEO? A. Only focus on people who are ready to buy now.B. Foc
Tatiana [17]

Answer:

D. Find a balance of relatively high traffic and motivated buyers.

Explanation:

Mitch Causey is the Director of Marketing at Lessonly, the easy learning software. Lessonly helps companies like Birchbox, Angie’s List, and ModCloth improve their employee learning programs by allowing them to build, share, and track their materials all in one place.

After consulting private clients, working in an organic search agency, and managing inbound marketing in a national, corporate environment, Mitch Causey is loving the autonomy and education that oozes out of the Lesson.ly culture. He leads the marketing efforts at the startup to help share these core values to the ripe-for-disrupting world of employee training.

7 0
3 years ago
Read 2 more answers
In the long run, fiscal policy influences a. saving, investment, and growth; in the short run, fiscal policy primarily influence
Studentka2010 [4]

Answer:

The correct option here is A) .

Explanation:

Fiscal policy is a tool which is used by a government to influence the economy , through the changes in spending and taxation ( of governments ). This policy affects the economy in both short run and long run. Fiscal policy has its effect on aggregate demand for goods and services and is very much capable of influencing savings, investment and growth in the economy through its contractionary and expansionary fiscal policies. So thus from the above information it can be said that the option A is correct.

3 0
3 years ago
Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earni
kherson [118]

Strategic business units that compete in a low-growth market but hold considerable market share are called <u>Cash Cows</u> because their earnings and cash flows are high and stable.

<h3>What is the Cash Cow?</h3>

The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:

  • Competes in a low-growth market.
  • Holds considerable market share.
  • High and stable cash flows and earnings.

Thus, the strategic business unit with the above characteristics is a <u>cash cow</u>.

Learn more about the BCG matrix at brainly.com/question/26633615

3 0
2 years ago
Other questions:
  • Lenny works at the front desk at an organization. He has to interface with customers from diverse cultures. How can he best go a
    11·2 answers
  • In establishing financial accounting standards, two basic premises of the FASB are (1) The FASB should be responsive to the need
    6·1 answer
  • An investor buys a bond for $10,000. The bond pays $300 interest every 6 months. After 18 months, the investor sells the bond fo
    11·1 answer
  • Private ownership differs from state ownership in that in private ownership _____.
    13·1 answer
  • The type of appeal used to suggest to the consumer that he or she can avoid some negative experience through the purchase and us
    5·1 answer
  • 4. Why do people sometimes use credit to pay for items instead of just using cash?
    11·1 answer
  • Daily demand for a certain product is normally distributed with a mean of 138 and a standard deviation of 13. The supplier is re
    13·1 answer
  • A new sports car sells for $40,000. The value of the car decreases by 12% annually. After how many years will it be worth half o
    13·1 answer
  • You are given two companies. Company A is expected to return 10% with standard deviation of 23%. The beta of Company A is 1.75.
    8·1 answer
  • The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals: Group of answer choices 2
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!