Answer:
$18,300 loss
Explanation:
Profit or Loss on sale of an asset is calculated in the asset`s disposal account. Simply stated, Profit or Loss on sale is Cash Receipt from sale less Carrying Amount of an asset.
where,
Accumulated depreciation = $428,160 + 40,140 = $468,300
Carrying Amount = $558000 - $468,300 = $89,700
therefore
Profit or Loss on sale = $71400 - $89,700 = $18,300 loss
This is for osha right ? what are the choices ?
Answer: $428,000
Explanation:
Given that,
Accounts payable = $62,000
Accounts receivable = 100,000
Cash = 30,000
Inventory = 138,000
Land = 160,000
Common Stock = 200,000
Revenue = 80,000
Dividends = 56,000
Expenses = 40,000
Total assets = Accounts receivable + Cash + Inventory + Land
= 100,000 + 30,000 + 138,000 + 160,000
= $428,000
The supply curve for a good will be more elastic if "production inputs are readily available at a relatively low cost".
<u>Option: C</u>
<u>Explanation:</u>
The graphical interpretation is applied to understand the concept of supply curve for any good available in market. This is done by correlating the cost of a good or service and the supplied amount during a given period. In such representation the cost is mentioned vertically on the left axis, while the amount supplied is mentioned horizontally.
The coverage of responsiveness with respect to variations in cost of demand or supply products is understood as elasticity. Here when the small variations in cost leads to the large variations in consumed amount of product, thus curve become more elastic. While if a curve is found less elastic, which showcase that their is large variations in the price to impact a change in consumed amount.
