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Dennis_Churaev [7]
3 years ago
14

Leesburg sold a machine for $2,200 on november 10th of the current year. the machine was purchased for $2,600. leesburg had take

n $1,200 of depreciation deductions on the machine through the date of the sale. what is leesburg's gain or loss realized on the machine?
Business
1 answer:
taurus [48]3 years ago
7 0
The original price of the machine is $2,600 but it has a depreciation value now of $1,200.

*original price - depreciation value = machine's existing value*
$2,600 - $1,200 = $1,400

However, they've sold the machine for $2,200 instead of 1,400 (which is supposedly the existing price). So, they've gain $800 ($2,200 deducted by $1,400) out from this transaction. 
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Business analytics tools are used with data in the ________________ to gain insight and support decision making.
Vikentia [17]

Answer:

data warehouse

Explanation:

A data warehouse , also known as an enterprise data warehouse , is a system used for reporting and data analysis, and is considered as a core component of Business Intelligence environment. data warehouse  are central repositories of integrated data from one or more disparate sources. They store current and historical data and are used for creating analytical reports for knowledge workers throughout the enterprise. In short, a data warehouse is a database organised in a way that is conductive to producing business analytics quickly and accurately. Relevant data is extracted from one or more operational systems and brought together in a single place (warehouse) to provide a business with a central store of data.  Business intelligence (BI) is a process for analyzing data and deriving insights to help businesses make decisions. In an effective BI process, analysts and data scientists discover meaningful hypotheses and can answer them using available data. For example, if management is asking “how do we improve conversion rate on the website?” BI can identify a possible cause for low conversion. The cause might be lack of engagement with website content. Within the BI system, analysts can demonstrate if engagement really is hurting conversion, and which content is the root cause.  The tools and technologies that make BI possible take data stored in files, databases, data warehouses, or even on massive data lakes—and run queries against that data, typically in SQL format. Using the query results, they create reports, dashboards and visualizations to help extract insights from that data. Insights are used by executives, mid-management, and also employees in day-to-day operations for data-driven decisions.

7 0
3 years ago
Profitability Ratios PJ's Ice Cream Parlor has asked you to help piece together financial information on the firm for the most c
Elodia [21]

Answer:

The return on assets = 6.53%

Explanation:

Since the debt ratio is 0.47 and the total debt value is $23 million By applying the debt equity formula we can find out the total debt value which is shown below:

Debt ratio = (Total debt ÷ Total assets)

0.47 = ($23 million ÷ Total assets)

So, the total assets = $23 million ÷ 0.47 = $48.94 million

And, the total assets would be equal to

= Total debt + total equity

$48.94 million = $23 million + total equity

So, total equity = $48.94 million - $23 million = $25.94 million

The return on equity is 12.3%. So, here we apply the return on equity formula which is shown below:

Return on equity = (Net income) ÷ (total equity)

12.3% = Net income ÷ $26 million

So, the net income would be $3.198 million

And, Return on assets = (Net income) ÷ (total assets)

= $3.198 million  ÷ $48.94 million

Hence, the return on assets = 6.53%

5 0
3 years ago
Common-size statements: Multiple Choice Reveal changes in the relative importance of each financial statement item to a base amo
Black_prince [1.1K]

Answer:

Reveal changes in the relative importance of each financial statement item to a base amount

Explanation:

The common size statement refers to the financial statement in terms of balance sheet, income statement, cash flow statement, etc that determines the analysis between the companies of the same industry or different industry. It can be expressed in terms of percentage.

Therefore, in the common size statement it reveals the changes made with respect to the base amount

7 0
3 years ago
A restaurant prepares 200.00 pizza slices and sells them at a rate of $10.00/slice. Expenses for the restaurant include raw mate
Vedmedyk [2.9K]

Answer:

$ 1,345,20

Explanation:

<u>Fixed Expenses ( daily )</u>

  $

4.88  Rental:  $ 122 /  25 days

0.92  Insurance: $ 23 / 25  days

<u> 5.00</u>  Lost Sale

10.80  Total  

                             $

Sales       2,260.00  226 u x $ 10,00

Cost          <u>904.00</u>  226 u x $  4,00 ( Raw material per slice )

Gross Mg       1,356.00  

Fiixed costs    <u>    10.80</u>  Daily expenses ( fixed )

Profit        1,345.20  

6 0
3 years ago
Write a class called Cashier that directs a cashier how to cash goods and give change to customers. The typical cashier operatio
worty [1.4K]

Class Cashier that directs a cashier how to cash goods and give change to customers based on cashier operations is given below.

Explanation:

Use the following class, TestCashier, as the basis for the test class.

class TestCashier

{

public static void main(String[] arg)

{

Cashier c = new Cashier();

String name = GetData.getWord(“Enter name of item”);

double price = GetData.getDouble(“Enter price of item”);

c.add(name, price);

name = GetData.getWord(“Enter name of item”);

price = GetData.getDouble(“Enter price of item”);

c.add(name, price);

// Add a two more entries of your own

// Now average the price of the items

c.average();

// Make payment

double amount = GetData.getDouble(“Enter amount of money for payment”);

c.tendered(amount); // For example twenty dollars were tendered

c.makeChange();

generateReceipt(c);

}

static void generateReceipt(Cahier c)

{

// Write the necessary code that will generate a customer’s receipt.

// The output must be displayed in a scrollable pane

}

}

Description of the output:

The output should be displayed in a scrollable pane, and have the following features:

• The first line displays the name of the establishment.

• Second line reads something like this: Welcome – thanks for stopping, followed by the current date

• The list of items displayed, one item per line – That is, the name of the product and price,

• The sum of all the items

• The number of items purchased

• The average price for each item

• The amount of money tendered

• The amount of change in $ and cents

• The change given in coin denominations

Here is an example of the form of how the output should be ( except that this output must be displayed in a scrollable pane).

Bread............ 2.99

Chicken..........6.79

Egg..................3.07

______________

Total ……….$12.85

The number of items purchased is 3 items

The average price per item is $4.28

Amount tendered is $20.00

The change is $7.15

The change includes

7 dollars

0 quarters

1 dimes

1 nickels

0 cents

5 0
3 years ago
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