Answer:
Loss of $3,465
Explanation:
the journal entry to record the exchange should be:
Dr Batting cage - new 538,160
Dr Accumulated depreciation - batting cage old 196,350
Dr Loss on exchange 3,465
Cr Cash 506,975
Cr Batting cage old - 231,000
the carrying value of the old batting cage was = $231,000 - $196,350 = $34,650, but it was exchanged at $31,185, which results in a $3,465 loss (= $34,650 - $31,185).
When it comes to lack of sales or poor financial management, the reason why most firms fail is a. poor financial management.
<h3>Why do companies fail?</h3><h3 />
There are several reasons why a company can fail such as budgetary issues, and a lack of concrete goals to guide the activities of the company.
Most of these things stem from poor financial management however. Think of it this way, if a ship has a bad captain, then the chances of the ship sinking increases.
Poor financial management would lead to money not going to the right expenses which means that the business will make a lot of losses instead of profit and so will close.
In conclusion, between lack of sales and poor financial management, poor financial management is worse.
Find out more on businesses failing at brainly.com/question/13371882
#SPJ1
Her opportunity cost is $48 (Calculation: 48 = (10*4)+8) based on her decision in the situation shown in the question above. If Brenda chose to work for four hours, she will not has to spend $8 for the movie ticket and she will get $40 in return for working for four hours. The opportunity cost is the benefit that she will get if she chooses another option.
Answer:
Cash Dr. $713,750
Bond Interest Cr. $213,750
Bond Premium Cr. $500,000
Explanation:
The journal entries are used to record a transaction that occurs in the business operations. It helps to keep a track of the expenses and revenues. The selling of bond premium and bond accrued interest is recorded with a debit and credit entry. The debit the amount of cash received after the sell of bond debt service fund.
