Answer:
The effect of this transaction is a gain of $2,500 on disposal.
Explanation:
Cost of motor = $15000
Accumulated depreciation = $12000
Net book or carrying value = 15000 - 12000
= $3,000
Income from disposal = $5,500
Gain/(loss) on disposal = $5,500 - $3,000
= $2,500
The effect of this transaction is a gain of $2,500 on disposal.
Answer:
Total taxable amount will be equal to $7000
So option (d) will be correct answer
Explanation:
According to IRS benefit which is received under the disability which shall be fully taxable only if
Employee pays premium on such policy entirely with pre tax dollars
Here in the given question premium amount paid by employee herself and with the assumption of paying such premium with pre tax dollars hence it is treated as taxable fully i.e 6500$
So 500$ sick pay under welfare fund is treated as earned income so fully taxable.
Therefore total taxable amount will be equal to $6500 + $500 = $7000
So option (d) will be correct answer
The decision to build the park or not would be based solely
on the cost – benefit relationship of this project. Since there is no other
factor considered in this problem, you only need to see if the benefit of
constructing the park would exceed its cost. In this problem, the cost to
construct the park is $20,000 while the marginal benefit would be $24,000
($8,000 x 3 families that can benefit from this project). Therefore, you can
say that the benefit has exceeded its cost. As a conclusion, the neighborhood
park should be built because it benefits the families living in that area more
than its cost.
Answer:
Net Cash inflow from operating activities = $125,000
Explanation:
Cash flow from operating activities means only those transactions involving cash which are related to daily business of the company.
Net income = $100,000
Add: Depreciation = $17,500
Add: Amortization = $5,000
Add: Loss on sale of equipment = $2,500
Net Cash inflow from operating activities = $125,000
Note:
1. Depreciation and amortization are non cash expenses thus, added back.
2. Loss on sale of equipment is added as does not relate to operating activity. The entire amount received from sale of equipment is added to investing activity.
Final Answer
Net Cash inflow from operating activities = $125,000
The cost of renting the skies at a local sporting goods store is given and we have to find the suitable equation which supports the given data.
Given
cost of renting is $15
Per day cost $20
<h3>Fixed and Fluctuating cost</h3>
The renting cost is $15 and is a fixed cost which will remain constant i.e. $15 , no matter you rent skies for how many days.
The cost per day for renting skies is a fluctuating cost and it will change with the change in number of days.
The equation should be 
where;
$20 is the price per day
d represents the number of days
$15 is the rental price
Therefore the equation that models the relationship between the total cost to rent, c, and the length of the rental in days, d is "" and OPTION C is correct.
Learn more about cost here:
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