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
Mama L [17]
3 years ago
9

Tulip Corporation purchased equipment for $ 54 comma 000on January​ 1, 2017. On December​ 31, 2019, the equipment was sold for $

25 comma 000.Accumulated Depreciation as of December​ 31, 2019 was $ 28 comma 000.Calculate gain or loss on the sale.
Business
1 answer:
Digiron [165]3 years ago
6 0

Answer:

Gain/loss= $1,000 loss

Explanation:

Giving the following information:

Original price= $54,000

Accumulated depreciation= $28,000

Seling price= $25,000

The gain or loss from selling an asset depends on the book value.

Book value= original price - accumulated depreciation

Book value= 54,000 - 28,000= 26,000

If the selling price is higher than the book value, the company gain from the sale.

Gain/loss= 25,000 - 26,000= $1,000 loss

You might be interested in
stock sells for $100 rights-on, and the subscription price is $90. Ten rights are required to purchase one share. Tomorrow the s
m_a_m_a [10]

Answer:

$99.09

Explanation:

Calculation for What is Tricki's expected price when it begins trading ex-rights

Using this formula

Expected price=Stock rights-on- [ (Stock rights-on-Subscription price)÷(10 rights+ One share)]

Let plug in the formula

Expected price=$100-[($100-$90)÷(10+1)]

Expected price=$100-($10÷11)

Expected price=$100-$0.91

Expected price=$99.09

Therefore Tricki's expected price when it begins trading ex-rights will be $99.09

3 0
3 years ago
(1) Given access to the same risk-free asset and the same investment opportunity set of risky assets, an investor's degree of ri
alexandr402 [8]

Answer: C. optimal mix of the risk-free asset and risky asset

Explanation:

Risk aversion simply has to do with how people curtail risk and this is done through the preference for the outcomes that have low uncertainty than those that have high uncertainty.

An investor's degree of risk aversion will determine his or her optimal mix of the risk-free asset and risky asset even if they've access to the same risk-free asset and also the same investment opportunity set of risky assets.

8 0
2 years ago
Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department
avanturin [10]

Answer:

d. A debit to Work-in-Process Inventory, Finishing Department of $140,000.

Explanation:

Cost of unit transferred = $4 x 35,000 = $140,000

Cost incurred by mixing department is $4 which so the transfer of cost from mixing department to finishing department will be $140,000 for 35000 units. This cost will be recorded in the work in process inventory account of finishing department. As we know that WIP account has debit nature so same entry will be done to record an expense incurred in mixing department.

4 0
3 years ago
Many hiring managers in information security prefer to recruit a security professional who already has proven hr skills and prof
Paha777 [63]
<span>Information Security Specialists are hard to come by especially the ones with the proven experience and track record. Considering our times where online security is a major threat for governments and organisations, having an experienced individual who can act rather than some one who is inexperienced is of more value, hence there being a huge demand for them.</span>
8 0
3 years ago
By 1990, ____________ began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing t
anastassius [24]
The correct answer is:  "<span> Émigré </span><span>Fonts " .
_________________________________________________________
       "</span>By 1990,  <u>  </u><u>Émigré </u><u>Fonts </u><u> </u><span> began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing the originality of many of these submissions, partners Zuzana Licko and Rudy Vanderlans began to license and distribute the designs."
________________________________________________________</span>
3 0
3 years ago
Other questions:
  • Suppose that an economy produces 2400 units of output, employing the 60 units of input, and the price of the input is $30 per un
    8·1 answer
  • Tina’s Manufacturing Company reported total variable cost of $1,000,000. The managerial accountant reported 50,000 total number
    7·1 answer
  • The accrued interest on a bond __________.
    8·1 answer
  • Select the correct answer.
    7·1 answer
  • A company purchases 12,000 pounds of materials. The materials price variance is $6,000 favorable. What is the difference between
    9·1 answer
  • Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 o
    13·2 answers
  • A detailed search of the _______ must be done to determine if the manufacturer has found the customer’s concern in other vehicle
    5·2 answers
  • What is a legal document that outline all the conditions of the bond?
    8·1 answer
  • Maxwell Company uses a standard cost accounting system and applies production overhead to products on the basis of machine hours
    15·1 answer
  • The market price of xyz corporation common stock is $55 and its quarterly dividend is $0.60. what is the stock's current yield?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!