Answer:
D. A credit to Other Financing Sources for $5,000.
Explanation:
As the equipment is used for governmental service and sold, the journal entry to record the disposal is as follows:
Debit Cash $15,000
Debit Accumulated Depreciation $30,000
Credit Equipment $40,000
Credit Gain on sale of equipment $5,000
Calculation: Book value of equipment = Cost price - Accumulated depreciation = $40,000 - $30,000 = $10,000
Therefore, Gain on sale of equipment = Disposal value - Book value = $15,000 - $10,000 = $5,000.
Therefore, option A is correct. Option B is also correct. Option C is also correct. Therefore, option D is not correct and it is the answer as it will not include in the journal.
Managers need to understand the possible dangers associated with a job to ensure work is being done safely. Understanding job requirements is critical to making intelligent hiring decisions.
<h3>What is
Managers?</h3>
A manager is a qualified someone who leads an organization and oversees a group of workers. Managers frequently oversee a certain department within their organization. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.
A manager is responsible for tasks like staffing, directing, controlling, and planning. All of these tasks are crucial for successfully managing an organization and accomplishing corporate goals. Setting goals and developing techniques for synchronizing activities both involve planning.
A business manager is responsible for managing and directing the activities and personnel of a company. They carry out a variety of duties, such as implementing business strategy, assessing business performance, and managing staff, to ensure the productivity and efficiency of the company.
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Answer:
No
Amos McCoy is earning an economic loss. His implicit cost ($200) is greater than his accounting profit ($100)
Explanation:
Economic profit it accounting profit less implicit cost.
Accounting profit is total revenue less total cost or explicit cost.
Implicit costs are opportunity costs.
Economic profit = $100 - $200 = $-100
Amos McCoy Is making an economic loss of $-100
I hope my answer helps you.
Yes, effective leadership involves chosing the right style for the situation. Every leadership situation has different variables and followers. Think of a coach that fails with one team and wins with another.
