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3 years ago

1. What was Karl Marx’s basic premise and belief?

1 answer:

7 0

Karl Marx's basic belief was that the working class will start revolution in the most developed capitalistic countries. One of the basic premises of his thinking was maybe expressed in the first sentence of his The Communist Manifesto: "The history of all hitherto existing society is the history of class struggles." He claimed that human societies progress through class struggle: <span>a conflict between an ownership class that controls production and a dispossessed laboring class that provides the labor for production.</span>

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Suppose you are a leader responsible for an organization’s vision/mission statements. How often do you think they should be chan

Roman55 [17]

Explanation:

Vision and mission statements are extremely important for a company to convey its core values to its employees, suppliers and customers. They help communicate the company's identity and provide direction and set goals that are fundamental to organizational success. They are considered the basis of an organization, <u>so it is not recommended that changes in vision and mission are frequent</u>, the reasons that justify the change <u>would be the change of the organizational focus and the evolution of the organizational objectives and expansion of the target audience.</u>

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3 years ago

The stock of Mulberry Corporation is owned by Archana (60%) and Anar (40%), who are mother and daughter. Pursuant to a plan of c

Phoenix [80]

Answer:

There is loss of $109,120

Explanation:

Lossrecognized=Marketvalue−Purchasevalue

=$1773200-1364000

Therefore, loss recognized by “M” Corporation is $409,200

Determine the gain or loss of A:

LossbyA=Purchasevalue−Liability−ActualbasisofM

=[($1364000-$1091200)×40%]−$218240

=$109120−$218240

=($109,120) loss

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3 years ago

Read 2 more answers

Smiley Corporation sold equipment costing with of accumulated depreciation for cash. Which of the following journal entries shou

Pani-rosa [81]

The question is incomplete as the figures are missing. The complete question is,

Smiley Corporation sold equipment costing $72, 000 with $66, 000 of accumulated depreciation for $10, 000 cash. Which of the following journal entries should be prepared?

A. debit Cash for $10, 000, credit Equipment for $6000 and credit Gain on Sale of Equipment for $4000

B. debit Cash for $10, 000, debit Accumulated Depreciation - Equipment for $66, 000, credit Equipment for $72000 and credit Gain on Sale of Equipment for $4000

C. debit Cash for $10, 000 and credit Gain on Sale of Equipment for $10, 000

D. debit Accumulated Depreciation - Equipment for $66, 000 and credit Equipment for $66, 000

Answer:

Option B is the correct answer.

Explanation:

To calculate the gain or loss on disposal of the equipment, we first need to determine the book value of the equipment on the date of sale.

Net Book Value = Cost - Accumulated depreciation

Net Book value = 72000 - 66000 = $6000

The gain/(loss) on disposal = Sales Proceeds - Net Book value

The gain/(loss) on disposal = 10000 - 6000 = $4000 Gain

The entry to record this transaction will be,

Cash $10000 Dr

Accumulated depreciation - Equipment $66000 Dr

Equipment $72000 Cr

Gain on sale-Equipment $4000 Cr

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3 years ago

New Furniture. Penny purchased $3,000 worth of furniture from Bob's furniture shop. Through an arrangement with Bob, Penny finan

Vlada [557]

Answer:

Please consider the following explanation.

Explanation:

Bob is correct in this case as Penny didn't make a claim that the goods were non-conforming. Penny is incorrect. Since there was no claim of non conformance, Bob doesn't have to refund the $3.000.

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3 years ago

Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bear

AfilCa [17]

Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bearing assembly with a bearing packer will get the proper results. The two statements are right. This is further explained below.

<h3>What is a wheel bearing?</h3>

Generally, the wheel bearing is simply defined as an important component of a vehicle's braking, steering, and suspension systems.

In conclusion, The one-piece hub assembly is located between the drive axle and the brake disc.