Answer:
$0 Gain or Loss
Explanation:
Given that,
Original cost of the equipment = $100,000
Accumulated depreciation on the equipment = $40,000
Book value of the equipment:
= Original cost of the equipment - Accumulated depreciation on the equipment
= $100,000 - $40,000
= $60,000
Gain/Loss = Sale value - Book value of the equipment
= $60,000 - $60,000
= $0
Therefore, the company should recognize a $0 Gain or Loss.
The Nissan Versa has a starting assistant that lasts at least 3 seconds so that the driver can easily start on slopes.
<h3>What is the hill start assistant?</h3>
The hill start assistant is a technological and mechanical device that has been implemented in several cars worldwide to prevent the car from rolling back due to gravity and inertia.
Hill Start Assist allows the driver to start on a hill without worrying about backing up. This development has prevented several accidents and is a good invention for those who are just starting to drive.
One of the cars that have this development is the Nissan versa 2022. This car offers a hill-start assistant that allows the driver to have at least 3 seconds to start the car on a slope without the car backing up.
Learn more about cars in: brainly.com/question/11312858
Answer:
III. Points on the PPF curve are the only ones that achieve "productive efficiency"
Explanation:
What is true about productive efficiency is that Points on the PPF curve are the only ones that achieve "productive efficiency".
Productive efficiency is an economic term that is concerned with producing goods and services with the optimal combination of inputs to produce maximum output for the minimum cost.
For it to be said that an economy is productively efficient means the economy must be producing on its production possibility frontier
Hence productive efficiency happens when production is reportedly occurring along a production possibility frontier (PPF).
Answer:
COGS= $2,060
Explanation:
Giving the following information:
July 1: Beginning Inventory 30 units at $15 $450
July 7: Purchases 90 units at $23 2070
July 22: Purchases 10 units at $20 200
Ending inventory in units0 30 units
<u>First, we need to calculate the number of units sold:</u>
Units sold= total units - ending inventory in units
Units sold= 130 - 30
Units sold= 100
<u>Now, to calculate the cost of goods sold under the FIFO (first-in, first-out), we need to use the cost of the firsts units incorporated into inventory:</u>
COGS= 30*15 + 70*23
COGS= $2,060
