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Bad White [126]
2 years ago
11

Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record

the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
Business
1 answer:
damaskus [11]2 years ago
8 0

Answer:

Loss on Dispossal     68,000

Acc Depreciation     182,000

   Milling Machine                 250,000

Explanation:

acquisition           250,000

acc depreciation  (182,000)

book value              68,000

Because no return is possible for the milling machine <u>all the book value will be considered a loss on dispossal</u>

Loss on Dispossal     68,000

Acc Depreciation     182,000

   Milling Machine                 250,000

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Answer:

mid-calorie soft drinks such as Pepsi Next (2012) have not been successful in the past.

Explanation:

The new Pespsi true is a great product that offers the advantage of having the same flavor as Pepsi but lower calorie content of only 60 calories. This should sell well with consumers that are looking for lower calorie options.

However if there was a similar product like Pepsi True called Pepsi Next in 2012 that was mid-calories and was not successful, this could be a show stopper. People's perceptions of Pepsi Next will affect Pepsi True as they will feel it is just a repackaged Pepsi Next.

This will most likely lead to failure of the product similar to what happened with Pepsi Next.

7 0
3 years ago
explain how Adam Smith describes the market economy and role of consumers , producers , workers, savers ( investors) , and borro
astraxan [27]

Answer:

As described below.

Explanation:

  • As explained by Adam smith a market economy in his wealth of nations. Which is an interplay of the supply and demand, where the role of the customer's producers and the worker's investors and the borrows all follow the economic system and the market as an invisible hand, that comes from the producers and he consumers interact indirectly and directly
  • As the consumer and producers engage in commercial production thus the idea of a free-market took place. The government interferes with the services where unwanted shortages and the surplus tends to occur.
  • The free markets to regulate themselves by means of competition, among the workers and the borrowers.
8 0
3 years ago
A city street is a. always a public good, whether or not it is congested. b. a public good when it is congested, but it is a com
anyanavicka [17]

Answer:

a common resource when it is congested, but it is a public good when it is not congested.

Explanation:

We live in different areas, across city streets, with roads and they can either be public goods or common resources. Now, when the streets are not congested, it simply means that an individual can freely access the areas without that affecting any other person. In this simple case, the use by one person is not in rival consumption and so the streets are said to be a public good. But when the area is fully congested, people might find it difficult to move around through the areas. The use of the areas could cause negative externalities.  Because the place would be overcrowded, people can only move at a slow pace. In this case, the street are said to be a common resource.

4 0
2 years ago
Read 2 more answers
How much is ​$100 to be received in exactly one year worth to you today if the interest rate is 20​%?
laiz [17]

Answer:

Final Value= $120

Explanation:

Giving the following information:

How much is ​$100 to be received in exactly one year worth to you today if the interest rate is 20​%.

We need to calculate the future value of the principal and the compounded interest:

FV= PV*(1+i)^n

FV= 100*1.20^1= $120

5 0
2 years ago
Often, through​ government-supported programs, students may obtain​ "bargain" interest rates such as​ 6% or​ 8% to attend colleg
ehidna [41]

Answer:

amount of interest due after 6 month is $1344

Explanation:

given data

borrowed P =  ​$42,000

interest rate = 6.4​% = 0.064

time period = 6 month  = 0.5 year

solution

we get here interest amount on 6 month that is express as

interest = principal ×  rate × time   ..........1

put her value and we get

interest  = 42,000 × 0.064  × 0.5

interest  = $1344

so amount of interest due after 6 month is $1344

5 0
2 years ago
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