1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goryan [66]
3 years ago
12

Losses on the sale of long-term assets for cash:

Business
1 answer:
atroni [7]3 years ago
5 0

Answer: (D) Are the excess of the book value over the cash received

Explanation:

 The long term assets are mainly said to be sell in loss when, the actual selling price of the long termed investment are less than the value of the book and also the carrying value of the investment in books.

We can also find out the actual gain or loss as if cash receive are greater as compared to the assets vale of the book, then it is said to be gain. If cash receive are less as compared to the assets value of the book, then it is said to be loss.

You might be interested in
Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an
astraxan [27]

Answer:

The maximum time guaranteed = 19.04 minutes.

Explanation:

From the given problem data, we have:

Let Y be the random variable which follows the normal distribution.

So,

Y ~ N(u = 15, SD = 2.4

Where, u = mean and SD = Standard Deviation

Let the maximum time guaranteed is = M

So,

P (Y > M) = 0.05   equation 1

Convert this equation 1 into standard normal variable, that is,

P(Y> M) = 0.05

1 -  P(Y \leq M) = 0.05

P(Y \leq M) = 1 - 0.05

P(Y \leq M) = 0.95

P(\frac{Y-u}{SD} \leq \frac{M-u}{SD} ) = 0.95

P ( Z \leq \frac{M - 15}{2.4} )  = 0.95     Equation 2

From the equation 2, we have,

\frac{M-15}{2.4} = 1.644853627  

1.644853627 value is from using the function of Excel

( =NORSINV(0.95)) = 1.644853627

So,

M = 1.644853627 + 2.4 + 15

M = 19.04

Hence, the maximum time guaranteed = 19.04 minutes.

6 0
2 years ago
A retail store's Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales. If the sale
ella [17]

Answer:

$10,619.05

Explanation:

When sales is made at a tax rate of 5%, the entries to be posted in the proportion of the transaction amount

Dr Cash/ Accounts receivable 105%

Cr Sales revenue 100%

Cr Sales tax 5%

As such, if Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales, it means that the accounts contains 105%, as such, the sales tax which is the amount owed the taxing agency

= 5/105 * $223,000

= $10,619.05

3 0
3 years ago
What is the difference between an employee and an entrepreneur?
sasho [114]

Answer:

Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.

3 0
3 years ago
Read 2 more answers
Equality refers to how the pie is divided and efficiency refers to the size of the economic pie
NeX [460]

The answer is: <em><u>TRUE  </u></em> Equality refers to how the pie is divided and efficiency refers to the size of the economic pie.

8 0
3 years ago
Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in
Zepler [3.9K]
Answer;
Annual compounding

Explanation; 
Annual compounding is a method of calculating and adding interest to an investment or loan once a year rather than for another period. 
This is done in compound interest, which is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or a loan. 
Using an annual compounding will prompt her to pay less interest compared to other periods.
5 0
2 years ago
Read 2 more answers
Other questions:
  • A sale of goods was denominated in a currency other than the entity’s functional currency. The sale resulted in a receivable tha
    15·1 answer
  • According to the 2018 Value Line Investment Survey, the growth rate in dividends for Ralph Lauren for the next five years will b
    10·1 answer
  • Exercise 5-12 Presented below is the trial balance of Larkspur Corporation at December 31, 2017. Debit Credit Cash $ 200,490 Sal
    15·1 answer
  • The bookkeeper for Sunland Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r
    13·1 answer
  • In year 2, Kilroy Company purchased land for a new office building at a purchase price of $325,000. There was an existing buildi
    8·1 answer
  • When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from ra
    11·2 answers
  • Oriental Corporation has gathered the following data on a proposed investment project:
    9·1 answer
  • Use the WS and PS relations to examine the effects of the following events on the natural rate of unemployment and on the real w
    14·1 answer
  • how would you describe in three sentences the posible product or service you will propose for need in your community.​
    7·1 answer
  • Software is being developed in 8-hour shifts in which country?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!