3 years ago

Money is a "medium of exchange," meaning

Business

1 answer:

inna [77]3 years ago

7 0

Answer:

C is the correct answer to this question.

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Mary exchanged an office building used in her business for some land. Mary originally purchased the building for $45,000, and it

nikklg [1K]

Answer:

The answer is: B) $24,000

Explanation:

This type of exchange is classified as a like-kind exchange (1031 exchange); it is a transaction that allows a company to dispose an asset and acquire another replacement asset without generating a tax liability from the sale of the replaced asset.

$40,000 (replacement asset) + $4,000 (cash paid) - $20,000 (replaced asset) = $24,000

5 0

3 years ago

What should you do when the job you interviewed for is not what you wanted?

Delicious77 [7]

Answer:

C reject the position if you can't do it

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2 years ago

While it makes a difference how much wine a person consumes in their risk for cancer, it does not make a difference how much a p

olga nikolaevna [1]

False. The more you smoke, the weaker your lungs become, and the higher your risk for lung cancer becomes. Hope this helps! :)

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3 years ago

Identify accounts by category and financial statement(s). Listed here are a number of financial statement captions. Indicate in

konstantin123 [22]

Explanation:

The categorizations are shown below:

Accumulated depreciation = A and BS

Long-term debt = L and BS

Equipment = A and BS

Loss on sale of short-term investments = LS and IS

Net income = R and IS

Merchandise Inventory = A and BS

Other accrued liabilities = L and BS

Dividends paid = OE and BS

Cost of goods sold = E and IS

Additional paid-in capital = OE and BS

Interest income = R and IS

Selling Expense = E and IS

6 0

3 years ago

Short Grass Incorporated is a distributor of golf balls. Martin's Golf Supplies is a local retail outlet which sells golf balls.

Marat540 [252]

Short Grass Incorporated's economic order quantity is <em>4,602 balls or 64 cartons.</em>

Data and Calculations:

Cost per ball = $1.15

Balls per cartoon = 72

Annual demand = 158,520

Weekly demand = 3,891 balls

The number of cartoons demanded per year = 2,202 (158,520/72)

Earnings on cash investments = 8%

Purchase-order lead time = 1 week

Ordering costs per purchase order = $128,000

Handling costs = $1,916 ($0.87 x 2,202)

The economic order quantity (EOQ) = square root of (2 x Demand x Ordering costs)/Handling costs

= square root of (2 x 158,520 x $128,000)/$1,916

= square root of (21,180,125)

= 4,602 balls or 64 cartons

Thus, the economic order quantity is <em>4,602 balls or 64 cartons.</em>

Learn more: brainly.com/question/14625177

6 0

2 years ago