1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dafna11 [192]
3 years ago
13

Wells Company's delivery truck, with a cost of $56,000 was destroyed by fire. At the time of the fire, the balance of the Accumu

lated Depreciation account amounted to $38,000. The company received $32,000 reimbursement from its insurance company. The gain or loss as a result of the fire was_________.(A) $24,000 loss.(B) $14,000 loss.(C) $24,000 gain.(D) $14,000 gain.
Business
1 answer:
seraphim [82]3 years ago
8 0

Explanation:

Is the answer C if not please explain

You might be interested in
The taxes imposed under the social security act consist of:
inysia [295]
Two taxes on employers, two taxes on employees, OASDI and HI taxes and taxes on the net earnings of the self-employed 
3 0
2 years ago
What can you say about entrepreneur?​
zalisa [80]
An entrepreneur is a person who starts a business and is willing to risk loss in order to make money” or “one who organizes, manages, and assumes the risks of a business or enterprise.”
6 0
3 years ago
Read 2 more answers
Gross profit equals the difference between sales revenue and cost of goods sold plus operating expenses. net income and operatin
juin [17]

Answer:

Gross profit equals the difference between sales revenue and cost of goods sold.

Explanation:

The gross profit is calculated by subtracting total cost of goods sold from total sales. Both the total sales and cost of goods sold are found on the income statement.

Gross profit = Sales revenue - cost of goods sold.

It is one of three profit metrics used in business statement reports

6 0
3 years ago
a county taxes real property at a millage rate of 15. if your customer owns real property in the county and the assessed value i
patriot [66]

$1800

15 x 0.001=0.015

.8 x $150,000=120,000

120,000x.015=$1800

Another way to calculate the number of tax during this example is to multiply your assessed value by 0.0185. Using the millage rate above, a home assessed at $300,000 would have a bill of $5,550. The formula is: Assessed value ($300,000) x millage rate (1.85%, or 0.0185) = land tax ($5,550). To calculate the mileage, or mill rate, a possessor divides the quantity of mills by 1,000.

As an example, say a neighborhood taxing authority encompasses a mill rate of 15 on the assessed value of holding in its jurisdiction. That puts the capital levy rate at 1.5% before any county taxes adjustments or exemptions. To calculate your individual property's effective charge per unit, all you have got to try and do is divide your annual invoice by what you estimate to be the value of your property.

The assessed value estimates the reasonable value for your home. it's based upon prevailing local realty market conditions. Multiply the value of your item or service by the county taxes charge per unit. If you have got a charge per unit as a percentage, divide that number by 100 to induce the charge per unit as a decimal. Then use this number within the multiplication process.

learn more about county taxes: brainly.com/question/25844719

#SPJ4

3 0
2 years ago
What is your opinion on all of the school shootings?! There is no wrong answer!
Genrish500 [490]
I personally don't like them AT all
3 0
3 years ago
Read 2 more answers
Other questions:
  • ______ can be defined as the general plan of action that describes resource allocation and other activities for dealing with the
    8·1 answer
  • Advertisements that feature promotions such as buy-one-get-one-free offers essentially signal that customers will get value in s
    7·1 answer
  • Nabors Company reported the following current assets and liabilities for December 31 for two recent years:
    5·1 answer
  • A company has the following balances on December 31, 2018, after year-end adjustments: Accounts Receivable = $62,500; Allowance
    10·1 answer
  • A company enforces its ethical codes and policies by rewarding ethical behavior and punishing misconduct. Each month, the most e
    5·1 answer
  • Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respe
    9·1 answer
  • Match the specifications to the type of creditors.
    10·1 answer
  • What is the periodic interest on a credit card with a 17.99% APR?
    14·1 answer
  • The following units are available for sale during the year:
    5·1 answer
  • His lesson starts on time (change into negative)​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!