Answer:
Kodak sold its PPE for $108 million
Explanation:
The question here has missing sales figure for a PPE item for which the gain on sale is $14 million (given) .Sale price of PPE item are obtained from a PPE Disposal account.We need to first find the other missing figures of 1. Cost of the Sold PPE and 2. The Accumulated Depreciation of the Sold PPE item. After that we complete our PPE disposal account to find the missing figure of the Sale Price of PPE.
1. Cost of Sold PPE
Open a PPE at Cost Account: Opening Balance $ 7327 million (Debit), Addition of PPE $ 254 million (Debit),Closing Balance $6805 million(Credit).The Balancing figure of this account $ 776 million (credit) {7327+254-6805} is the cost of the PPE item sold.
2. Accumulated Depreciation of the Sold PPE Item
Open a PPE Accumulated Depreciation Account : Opening Balance $ 5516 million (Credit), Depreciation Expense $ 420 million (Credit), Closing Balance $ 5254 million (Debit). The Balancing figure of this account $682 million (Debit) is the Accumulated Depreciation of the PPE item disposed or sold.
3. Disposal Account and Calculation of the Sale Price (Balancing figure)
Open a PPE Disposal Account : Cost of PPE $ 776 million (Debit), Gain on Sale of PPE $ 14 million (Debit), Accumulated Depreciation of the PPE Sold $ 682 million (Credit). The Balancing figure of this account $ 108 million (Credit) {776+14-108} is the Sale Price of PPE item.
Thus Sale price of the PPE is $ 108 million.
Answer:
the available options of the question are,
A) investing
B) essential
C) financing
D) operating
E) entertainment
and the correct answer is B) essential.
Explanation:
if you look at this question, you can see clearly that matt lives in an apartment and not in his own place, so if he continues to live their, he must pay. this is because there is an agreement between him and the owner of the apartment and this agreement is valid and can be enforced by the law.
of he does not pay, the owner can get rid of him after giving him a notice within a fair time limit.
because of this, this action can be regarded as an "essential" one. or in other words, a must do for matt to have a roof over his head.
The value of the American dollar would go down drastically. By doing that it would increase the prices of basically anything and everything. It will place our country in an immense debt and could potentially have our country fail.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
$173,205
Explanation:
According to the scenario, computation of the given data are as follows:
Given data:
Earning (X1) = $500,000
Chances of X1 (Y1) = 25%
Earning (X2) = $100,000
Chances of X2 (Y2) = 75%
Expected Profit (Z) = $200,000
Formula for solving the problem are as follows:
Standard deviation = [ (X1 - Z)^2 × Y1 + (X2 - Z)^2 × Y2 ]^1/2
By putting the value in the formula, we get
Standard deviation = [ ($500,000 - $200000)^2 × 0.25 + ($100,000 - $200,000)^2 × 0.75 ]^1/2
= [ $22,500,000,000 + $7,500,000,000 ]^1/2
= ($30,000,000,000)^1/2
= $173,205.08 or $173,205
Hence, $173,205 is the correct answer.
