Answer:
Calculation of Gain or Loss:
Book Value of Truck:
= 25,000 - 22,500
= $2,500
Gain on Exchange:
= 4,125 - 2,500 - 625
= $1,000
Therefore, the journal entry is as follows:
Accumulated Depreciation A/c Dr. $22,500
computer A/c Dr. $3,125
To Truck $25,000
To Cash $625
(To record the Truck)
Answer:
A. $1.5 trillion and $2.5 trillion, respectively
Explanation:
Given that
GDP = 11 Trillion
Tax = 2.5trillion
C = 7 trillion
Recall that
Private Savings = Disposable Income - Consumption
Disposable income = GDP - Tax
= 11 - 2.5
= 8.5
Private savings = 8.5 - 7
= 1.5 trillion.
National Savings = Private Savings + Budget balance
Given that
Budget balance = 1 trillion
Therefore,
National Savings = 1.5 + 1
= 2.5 trillion.
Answer:
$1.15 per share
Explanation:
The computation of the earning per share is shown below:
Earning per share = Net income ÷ common stock outstanding shares
where,
Net income is
= EBIT - interest expense - taxes
= $707,000 - $58,000 - $224,000
= $425,000
And, the common stock outstanding shares is 370,000
So, the earning per share
= $425,000 ÷ 370,000 shares
= $1.15 per share
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The statement "<span>A profit-and-loss statement is a financial document that shows a company's income and expenses." is true</span>
A company that makes use of more than one <span>transport mode will locate near break-of-bulk points. A break-of-bulk point is a location or place where products are moved from one mode of transport to another place. One good example is the docks where goods </span>transfer<span> from ship to truck.</span><span> </span>
