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ivann1987 [24]
3 years ago
14

The plant assets section of the comparative balance sheets of Anders Company is reported below.

Business
1 answer:
kobusy [5.1K]3 years ago
8 0

Answer:

Cash Anders received from the sales of equipment was $37,000

Explanation:

The equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000

In Anders Company

The carrying amount of the equipment = book value of equipment = $40,000

The equipment was sold at a loss of $3,000. Therefore:

The carrying amount of the equipment - Sales price (Cash Anders received from the sales) = $3,000

Cash Anders received from the sales = The carrying amount of the equipment - $3,000 = $40,000 - $3,000 = $37,000

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When each partner contributes capital and owns a specified right to a percentage of the proceeds from the alliance, the collabor
JulijaS [17]

Answer:

The correct answer is "equity ownership"

Explanation:

When each partner contributes capital and owns a specified right to a percentage of the proceeds from the alliance, the collaborative relationship is referred to as equity ownership.

represents the amount that would be returned proportionally to the company shareholders

7 0
3 years ago
Intellectual capital alludes to substantial resources and assets of a venture that are caught by traditional accounting reports.
Alex787 [66]

Answer: False

Explanation:

Intellectual capital simply refers to the intangible assets and the resources that helps in the contribution to the value of a particular company or enterprise and help such company to gain competitive advantage over its counterparts.

It should be noted that these assets and resources aren't caught by the traditional accounting reports.

The above statement means that the statement in the question is wrong. Intellectual capital are not caught by traditional accounting reports.

8 0
3 years ago
What will happen if a country increases its money supply rapidly under fixed exchange rate regime? question 34 options: 1) the c
Serjik [45]

The answer is "trade deficit would widen in that country".

A fixed exchange rate regime forces financial discipline on nations and abridges price inflation. For instance, if a nation expands its cash supply by printing more money, the expansion in cash supply would prompt price inflation. Given fixed exchange rates, inflation would make the nation's merchandise noncompetitive in world markets, while the costs of imports would turn out to be more appealing in that nation. The outcome would be an augmenting exchange shortage in the nation, with the nation bringing in more than it sends out.

8 0
3 years ago
Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records for the November 1–14 pay pe
Crazy boy [7]

Answer:

Check the following calculations that follow the answer

Explanation:

a) Amount of net pay = wages – income tax – FICA tax = 53000 – 7300 – 2775 = $42,925

b) Total Payroll Cost = wages + FICA Taxes + unemployment taxes

= 53000 + 2775 + 280 = $56,055

5 0
4 years ago
Southern Wear stock has an expected return of 15.1 percent. The stock is expected to lose 8 percent in a recession and earn 18 p
Scilla [17]

Answer:

15.26%

Explanation:

Let the expected return if economy is normal be X

Expected return ; E(R) = SUM(probability. *return)

E(R) =15.1% OR 0.151 as a decimal

RECESSION: (probability. *return) = -0.08 * 0.02 = -0.0016

NORMAL: (probability. *return) = 0.87 *X = 0.87X

BOOM: (probability. *return) = 0.11 *0.18 = 0.0198

Next, sum the three returns and equate them to 0.151;

-0.0016 + 0.87X + 0.0198 = 0.151

0.87X + 0.0182 = 0.151

Subtract 0.0182 from both sides;

0.87X = 0.151 - 0.0182

0.87X = 0.1328

Divide both sides by 0.87 to solve for X;

X = 0.1526 as a decimal or 15.26%

Therefore, expected return if economy is normal is 15.26%

3 0
3 years ago
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