The amount of the gain or loss on disposal of the fixed asset is $2,000.
<h3>Gain or loss on disposal </h3>
First step
Book Value = Original Cost of Equipment - Accumulated Depreciation
Book Value = $30,000 -$28,500
Book value= $1,500
Second step
Gain=Sale Price -Book Value
Gain=$3,500-$1,500
Gain=$2,000
Inconclusion the amount of the gain or loss on disposal of the fixed asset is $2,000.
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Answer:
Find attached complete part of the question.
The unrealized gains is $3500
Explanation:
Y stock has been disposed and its gains or losses are now realized, and it is not applicable to our computation now.
Unrealized gains or losses is the difference between purchase price of a stock and its current market price
Stock X=($43-$40)*1500=$4500 gains
Stock Z=($21-$22)*1000=-$1000 losses
So unrealized gains overall =$4500-$1000
unrealized gains =$3500
Note that the price of stock X has risen to $43 from initial $40 while that of company Z has fallen to$21 from the initial $22.
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Answer:
a. I will hire three new salespeople prior to our next product release.
Explanation:
Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.
Any more info about who Dave and Betty are? Any answer choices?
Answer:
The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.
Explanation:
In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.
This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.
Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.