Answer & Explanation:
The carrying value of the company is $3000 ($23000 - $20000) and the amount paid is $700 for the exchange of a truck worth $5700. The entry for such an exchange will be:
Dr Truck- Accumuated Depreciation $20000
Dr New Truck (Balancing amount) $3700
Cr Asset Cost $23000
Cr Cash Paid $700
So the new value that must be recognized as asset value in the Statement of Financial Position for the year is $3700.
So the option C is correct.
Answer:
Option 2 should be selected
Explanation:
Using a rational approach which option most benefit and have a minimum cost. We will use the break-even level here to decide which option should be selected.
Option 1
Price per call = $30
Variable cost per call = $18
Contribution = Sales - Variable cost = $30 - $18 = $12
Fixed Cost = $15,000
Break-even point = Fixed cost / Contribution per call = $15,000 / $12 = 1,250 calls
Option 2
Price per call = $30
Variable cost per call = $18 + ( $30 x 10% ) = $18 + $3 = $21
Contribution = Sales - Variable cost = $30 - $21 = $9
Fixed Cost = $9,000
Break-even point = Fixed cost / Contribution per call = $9,000 / $9 = 1,000 calls
Difference = 1,250 calls - 1,000 calls = 250 calls
Option 2 is better option because it take 250 less calls to reach at break-even in the month. It should be selected.
Answer:
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Explanation:
hope this helps tho
Answer:
A. true
Explanation:
The ethics are a principle which deals in the right and wrong thing. For creating an organizational culture the trust, beliefs of the employees towards The company, and the company towards employees are very important.
Everything done in an organization should be done in an ethical way i.e. properly policies, procedures, rules, regulations should be implemented so that every employee should follow them. If it is not followed then strict actions should be taken
So for creating project culture, the ethics should be considered as it contains the laws, principles, etc that are required to run an organization
hence, the given statement is true
In a case whereby creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is transferred to adam, the type of estate does adam own is A life estate, if that is what they agreed upon.
<h3>What is a life estate?</h3>
A life estate can be described as the estate that is been created by a deed that gives the land to the person "for life.
It should be noted that in this type of estate then there is usually the identification of what should happen to it after that person dies.
Therefore, the second option is correct.
Learn more about estate here: brainly.com/question/886326
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missing options:
A conditional estate, since there is a discrepancy.
A life estate, if that is what they agreed upon.
Fee simple absolute is presumed, since the deed does not state otherwise.
Either a fee simple absolute or a life estate.