Answer:
$240,000
Explanation:
The computation of the gain to be recognized is shown below:
= Total Exchange value - net value
where,
Total exchange value equals to
= Fair value of equipment + cash received
= $480,000 + $120,000
=$600,000
And, the net value would be
= Estimated cost - accumulated depreciation
= $660,000 - $300,000
= $360,000
ow put these values to the above formula
So, the value would be equal to
= $600,000 - $360,000
= $240,000
Answer:
$14,100
Explanation:
The computation of the amount record estimated uncollectible accounts are shown below:
= Credit sales × estimated percentage
= $235,000 × 6%
= $14,100
We simply multiply the credit sales with the estimated percentage so that the accurate amount can come
The journal entry is shown below:
Bad debt expense A/c Dr $14,100
To Allowance for doubtful debts $14,100
(Being the adjusting entry is recorded)
Businesses decrease their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.
The bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:
Similarly, businesses need to follow the Triple bottom line in these ways:
- Making sure that there is positive social welfare on their part.
- Maintain ecological footprint
Thus, by the looting of shops and malls, the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.
Learn more about social responsibility and Triple bottom line here: brainly.com/question/1339420
Answer:
The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.
Explanation:
In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.
