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earnstyle [38]
3 years ago
10

Wells Company's delivery truck, which originally cost $70,000, was destroyed by fire. At the time of the fire, the balance of th

e Accumulated Depreciation account amounted to $47,500. The company received $40,000 reimbursement from its insurance company. Thegain or loss as a result of the fire wasa. $30,000 loss.b. $17,500 loss.c. $30,000 gain.d. $17,500 gain.
Business
1 answer:
beks73 [17]3 years ago
4 0

Answer:

D) $17,500 gain.

Explanation:

Wells Company should record the following transactions:

  • Dr  Cash account 40,000
  • Dr Accumulated Depreciation Vehicles account 47,500
  • Cr Vehicle account 70,000
  • Cr Gain on Disposal account 17,500

$40,000 in cash was received and the accumulated depreciation balance should equal to zero, therefore they must be debited.

The vehicles account balance should equal zero and the rest is gain on disposal, therefore they must be credited.

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Although some gains have been made in reducing the rate of malnourishment in some lower-income nations, about __________ people
ValentinkaMS [17]

Answer:

1 billion

Explanation:

According to the World bank, about 1 billion people are malnourished around the world despite its efforts to reduce the rate of malnourishment in some lower-income nations. A larger percentage of this 1 billion malnourished people are in the Asian and Pacific continents; rather large percentage of about 60-65 percent.

I hope this helps.

6 0
3 years ago
Merging and milking brands are examples of? creating brand extensions. increasing brand loyalty. liquidating brands from a produ
kompoz [17]

Merging and milking brands are examples of creating brand extensions.

Brand extension refers to the process in which a firm markets a new product by using its established brand names. It is a way to take advantage of the company’s already established brand equity to increase the market and reach of the new product.

The assumption is that consumer loyalty, familiarity, brand popularity and reputation of the producer will ensure that the product is readily integrated into the market. Product extension can further help in expanding the reach of the product to new markets and consumer base, and increase overall profit margins as a result.

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5 0
1 year ago
Jill wants to add an additional drive to her portable computer. she has a spare 1-tb sata hdd. given such scenario, what would e
Gre4nikov [31]
Answer is: she needs to insert<span> the SATA drive into an external enclosure (cage for drive) and connect it into an eSATA socket on the back of the portable computer.
External SATA (eSATA) is </span>standard hardware interface for connecting hard drives. <span>eSATA ports on the back of the portable computer (laptop) accept external SATA drives.</span><span />
8 0
3 years ago
Addison Corporation is considering the purchase of equipment that would increase sales revenues by $250,000 per year and cash op
yaroslaw [1]

Answer:

17.5%

Explanation:

depreciation = 400,000 / 5 = 80,000

return = $250,000 - %100,000 - $80,000 = 70,000

70,000 / 250,000 =

6 0
3 years ago
Gina was recently At Panther Lighting Fixtures, employees were asked how the quality of the company's customer service could bes
Elis [28]

Answer:

To little employee participation

Explanation:

This a system of organization where the management hardly involves the the general employees in strategy formulation and it has a negative effect on the growth pace of the organisation because it reduces communication between management and employees.

4 0
3 years ago
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