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
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. 
You might be interested in
Acme Manufacturing makes their preliminary economic studies using a​ before-tax MARR of 17​%.More detailed studies are performed
VMariaS [17]

Answer:

The after-tax MARR is 13.26%

Explanation:

After - tax MARR = Before tax MARR*(1 - tax rate)

                            = 17%*(1 - 22%)

                            = 13.26%

Therefore, The after-tax MARR is 13.26%

7 0
3 years ago
You paid $10,000 for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum
coldgirl [10]

Answer:

7.50%

Explanation:

The formula to solve this problem is stated below.

p=\frac{A(1-(1+r)^{-n} }{r} + \frac{F}{(1+r)^{n} }

where p = price paid = $10,000

A = annual coupon payment = $750

n = tenor = 5 years

F = face value paid at maturity = $10,000

r, the unknown = rate of return.

Using extrapolation, the value of r that resolves the problem = 7.5%. The is expected since the price of the bond is the same as face value. As such, the rate of return was the same as \frac{A}{p}=\frac{750}{10,000} = 7.5%.

10,000=\frac{750(1-(1.075)^{-5} }{0.075} + \frac{10,000}{(1.075)^{5} }.

7 0
3 years ago
Use the ethical tools from the readings to discuss the ramifications of electronic medical records. Suppose that there was a nat
ladessa [460]

Answer and Explanation:

1) EHR System which helps in capturing the functionalities and and check for required informations

2) Online Tool for notifying the doctor about the status pf the patient

3) Interactive health records

4) Computerized physician entry of orders (CPOE)

Benefits of centralized system are as follows:

1) IT gives a lower hardware expense

2) Improves the productivity of the IT Staff

3) Enhances the purchasing power

4) Meets the industry regulations

5) Information flow is properly maintained.

The cost of the system would be with respect to the tools to be used and the broadness of the network.

5 0
3 years ago
Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of one's annual income to
daser333 [38]

Answer:

A

Explanation:

5 0
3 years ago
Nick’s Novelties, Inc., is considering the purchase of new electronic games to place in its amusement houses. The games would co
ASHA 777 [7]

Answer:

     a. 5 years

     b. Yes they will because the payback period is 5 years.

Explanation:

a. Payback period

First calculate the annual cash inflow:

= Net income + Depreciation

= 66,500 + 28,500

= $95,000

The investment cost was $475,000

Payback period = Investment cost / Annual cash inflow

= 475,000 / 95,000

= 5 years

b. The company will purchase the games because they have a payback period of 5 years.

5 0
3 years ago
Other questions:
  • What should be the maximum spending if your gross income 2,400 per month
    9·1 answer
  • It is rumored that the Illinois Operations Manager, Sam, has requested the quarterly budget to include an available position for
    15·1 answer
  • What is the difference between monetary policy and fiscal policy
    11·1 answer
  • What takes place during pre-planning
    15·1 answer
  • An accounting worker who processes routine details about accounting transactions
    8·1 answer
  • Why might individuals want to participate in the financial market?
    5·1 answer
  • Required information
    15·1 answer
  • Dividing tasks among the most well-trained employees is called *
    11·1 answer
  • Which of the following is not a characteristic of an organizational objective?
    11·1 answer
  • A marketing strategy that involves a firm using different marketing mix activities to help consumers perceive the product as bei
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!