What is an example of cross-contamination

Which is a short term bond that must be paid within a year or less?

melisa1 [442]

Treasury bill
<span>It's a short-term debt backed by the U.S. government with a limit of one year, It's sold in denominations of $1,000. The maximum purchase is $5 million </span>

8 0

3 years ago

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Swann Company sold a delivery truck on April 1, 2016. Swann had acquired the truck on January 1, 2012, for $45,500. At acquisiti

olganol [36]

Answer:

1.

Journal Entries

a.

Dr. Cash_________________$11,125

Dr. Accumulated Depreciation $36,125

Cr. Truck ________________ $45,500

Cr. Gain on Disposal ________$1,750

b.

Dr. Cash_________________$7,525

Dr. Loss on Disposal ________$1,850

Dr. Accumulated Depreciation $36,125

Cr. Truck ________________ $45,500

2.

a.

The gain is reported as a realized gain in the income statement after operating income for the period.

b.

The loss is reported as a realized loss in the income statement after operating income for the period.

Explanation:

1.

We need to calculate the depreciation for the 3 months of 2016.

Depreciation for the period = ( ( Initial cost -Residual Value ) / Useful life ) x Time Fraction = ( ( $45,500 -$3,000 ) / 5 ) x 3/12 = $2,125

Book Value on April 1, 2016 = Book Value on December 31, 2015 - Depreciation for 2016 = $11,500 - $2,125 = $9,375

Accumulated Depreciation = Initial cost - Book value = $45,500 - $9,375 = $36,125

Now compare The bok value o sale price to calculate the gain or losss

a.

Gain = Sale Value - Book value = $11,125 - $9,375 = $1,750

b.

Loss = Book Value - Sale value = $9,375 - $7,525 = $1,850

2.

4 0

3 years ago

If the minimum wage increased in the city limits of Louisville, but did not increase across the river in Indiana, what effect mi

8_murik_8 [283]

Answer:

PART A

(1) Increase in demand for employment in Louisville than in Indiana.

(2) Migration of workers from Indiana to Louisville.

(3) A higher standard of living in Louisville than in Indiana.

(4) High cost of doing business in Louisville than in Indiana.

PART B

(1) increase in population of workers in Louisville.

(2) Increase in inflation in Louisville

(3) High standard of living in Louisville.

PART C

(1) Migration of the workforce from Indiana

(2) Reduced population of workers in Indiana.

Explanation: Minimum wage is an Economic term used to describe the lowest amount of money below which no worker who is employed within an economy should be paid.This term is usually concerned with those employed in the formal sectors of the economy in both the Private and public sectors, it is usually legally approved.

THE HIGHER THE MINIMUM WAGE IN AN ECONOMY THE HIGHER THE RATE OF MIGRATION FROM OTHER ECONOMIES INTO THE ECONOMY.

7 0

3 years ago

Which of the following factors will increase GDP and also achieve sustained growth?

Salsk061 [2.6K]

Answer:

The correct answer is the letter d. Advances in the technical knowledge used in production.

Explanation:

Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.

7 0

3 years ago

Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an e

densk [106]

The cash flow statement plays a vital role for each type of company as it shows the cash positions with respect to the liquidity because the cash should be the most liquid asset and the same would be presented in the organization's hands.

Moreover, they always try to have a sufficient cash amount so that the risk attached to the unfavorable economic situation could be eliminated. So the business wants to store a high value of cash amount and have sufficient liquidity and the same would be presented in the cash flow statement.

Learn more about cash flow here:brainly.com/question/24179665

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6 0

2 years ago