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BARSIC [14]
3 years ago
6

A company sold equipment that originally cost $100,000 for $60,000 cash. The accumulated depreciation on the equipment was $40,0

00. The company should recognize a:
Business
1 answer:
Maurinko [17]3 years ago
7 0

Answer:

$0 Gain or Loss

Explanation:

Given that,

Original cost of the equipment = $100,000

Accumulated depreciation on the equipment = $40,000

Book value of the equipment:

= Original cost of the equipment - Accumulated depreciation on the equipment

= $100,000 - $40,000

= $60,000

Gain/Loss = Sale value - Book value of the equipment

                 = $60,000 - $60,000

                 = $0

Therefore, the company should recognize a $0 Gain or Loss.

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Choose the behaviors that are exhibited by someone who is using critical thinking.
pshichka [43]

Answer:

b c d f

Explanation:

i just did it <3

6 0
3 years ago
A college professor wants to know if the university students in the Unites States will find the new textbook that he has authore
marissa [1.9K]

Answer:

judgment sampling.

Explanation:

Judgementbsampling is also called expert sampling is a type of sampling that is based on the assumptions made by an expert. The feedback from this type of sampling tends to be biased.

This is a subjective method of sampling that relies on the researcher's personal judgement in choosing sample from the population.

In this instance the professor chooses only marketing majors as his sample to get feedback on his new textbook. His personal beliefs is that this sample will represent the student population in the United States.

This is however not objective as all the sample members are marketing majors.

3 0
3 years ago
Determine the finance charge using the previous balance method. The account balance on April 1st is $50.51. On April 15th, a pay
Sedbober [7]

Answer:

$0.7577

Explanation:

The computation of the finance charge is shown below:

Finance charge =  The account balance × monthly rate

where,

The account balance = $50.51

Monthly rate = 18% ÷ 12 months = 0.015

So, the finance charge is

= $50.51 × 0.015

= $0.7577

We simply multiplied the account balance with the monthly rate so that the finance charge could come

All other information is not relevant. Hence, ignored it

5 0
3 years ago
The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products ship
Marina CMI [18]

Answer: Please refer to Explanation

Explanation:

The entry for the transfer of costs from finished goods to cost of goods sold is shown as follows,

DR Cost of goods sold $375,000

CR Finished goods. $375,000

As finished goods are transfered to the Costs of Goods, the account is CREDITED as an asset being reduced is credited. The Cost of Goods being another asset is increasing, thus it will be DEBITED.

If you need any clarification do comment.

4 0
3 years ago
A nation can achieve higher economic growth if: Select one: a. it devotes more resources to research and development. b. the pro
Evgen [1.6K]

Answer:

The correct answer is A

Explanation:

Economic growth is defined as the rise in the capacity of the economy for producing or manufacturing the goods and services as compared from one year to another.

And the economic growth is determined in terms of GNP (Gross National Product) or in terms of GDP (Gross Domestic Product).

So, if the nation want to accomplish the higher level of economic growth, then the nation should devote more amount of resources in R & D (research and development).

5 0
3 years ago
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