Answer:
The journal entry is as follows:
Explanation:
January 2 Accumulated Depreciation A/c..............Dr $28,000
Loss on disposal of machine A/c...........Dr $1,000
To Cash A/c.............................................Cr $1,000
To Machinery A/c...................................Cr $28,000
The company pays salvage value so cash is going out of the business, therefore, it is credited. And the salvage value will result in loss on disposal of machine so it is debited. The accumulated depreciation is debited and the account of machine is credited.
Answer:
Opportunity 2
Explanation:
Calculation to determine Which investment yields a higher rate of return
Based on the information given OPPORTUNITY 2 investment yields a HIGHER rate of return reason because the PRESENT VALUE INDEX is 1.968 calculated as :
Rate of return=$14,232/$7,232
Rate of return= 1.968
Which is HIGHER than the present value index of both opportunity 1 and opportunity 3.
<span>Logistics is the set of means necessary for the organization of a company, especially in the distribution. It is focused on the supply chain, the planning of purchasing activities, production, transportation, and distribution. Its fundamental function is to place the products in the right place, under the desired conditions and standards, for the maximum satisfaction of the company.</span>
Answer:
Businesses begin to hire again.
Explanation:
Economic recovery is <u>the phase of the economy that follows a recession, during which an economy regains and exceeds peak employment</u> and output levels prior to downturn.
A recovery period is <u>characterized mainly by</u> high levels of growth in real gross domestic product, <u>employment</u>, corporate profits, and other indicators.
Therefore as given in the scenario, ''after several quarters of a severe recession, the reason there might be <u>a decrease in the official unemployment rate is because of growth in employment as businesses begin to hire again.</u>
Answer:
Option A Net revenues less cost of goods sold
Explanation:
The IASB sets the Financial reporting framework which states that the gross profit will be derived from the deduction of cost of goods sold from the Net revenues. So the correct option is Option A.
