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sweet-ann [11.9K]
3 years ago
5

Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several year ago and has a claimed $1

2,5000 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss?
a. 7,500 section 1231 loss
b. $7,500 section 1231 gain
c. $7,500 ordinary gain
d. 7,500 capital gain
e. none of these
Business
1 answer:
pishuonlain [190]3 years ago
6 0

Answer:

c. $7,500 ordinary gain  

Explanation:

Depreciated value of Machine = $55,000 - $12,500  

                                                   = $ 42,500

Sale price of Machine = $ 50,000

Gain on sale of Asset = $ 50,000 - $ 42,500

                                    = $ 7,500

Therefore, The amount and character of Butte's gain or loss is $7,500 ordinary gain.  

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The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1,100 and $475, respect
Hitman42 [59]

Answer:

$575

Explanation:

Given that,

Opening office supplies = $1,100

Closing office supplies = $475

Office supplies expense for the month = $1,200

Opening stock + Purchases - Closing stock = Consumption

$1,100 + Purchases - $475 = $1,200

$625 + Purchases = $1,200

Purchases = $1,200 - $625

                  = $575

Therefore, the amount of office supplies was purchased during February is $575.

7 0
2 years ago
What must the Nederlander Organization do effectively to take its musicals to foreign markets?
mart [117]

The Nederlander Organization must effectively use teaser and revealers promotion campaigns to take its musicals to foreign markets.

Option a

<u>Explanation:</u>

Nederlander Organization will adopt to the use of teaser and revealers promotion campaigns for its  musical foreign market. After doing the market analysis and known about the customer’s interest the company will go with the strategy called revealers promotion campaigns.

This is an advertising campaign which creates a curiosity in the minds of consumers till the brands last ad. This type of campaign will keep the consumers always think about the product and ad which is going to be launched soon.  

4 0
2 years ago
Annual general meeting what is it?
Sonbull [250]

Answer: Gathering of the directors and stockholders (shareholders) of every incorporated firm, required by law to be held each calendar year. Generally, not more than 15 months are allowed to elapse between two AGMs, and a 21-day's written notice of its date is required to be given to the stockholders. The main purpose of an AGM is to comply with legal requirements, such as the presentation and approval of the audited accounts, election of directors, and appointment of auditors for the new accounting term. Other items that may also be discussed include compensation of officers, confirmation of proposed dividend, and issues raised by the stockholders.

7 0
3 years ago
Pick a specific product that you use frequently, such as a cosmetic or toiletry item, snack food, article of clothing, book, com
romanna [79]

Toiletry - Mouth wash, Snack food :- Peanuts, Adidas, Rich dad Poor dad by Robert Kiyosaki, Computer program R, Video game :- Fifa EA sports.

Explanation:

  • Mouth wash target market is to feel fresh while speaking.
  • Peanuts An athletics to get that extra energy at Rugby.
  • Adidas believing in sports and everybody loves that brand.
  • Rich dad poor dad how to become rich and convert ideas of business.
  • R programmer is a statistical tool for analyzing data for inferences.
  • EA sports is the most important part of sports Football is every growing.
  • Bring in new flavors,changing the taste of snacks, famous athletes.
  • Explain people who have been successful after reading the books.
  • Only way to appeal other markets buy understanding statistics.
4 0
3 years ago
When Angela wanted to provide financial security for her dependents, she considered purchasing a product that would provide inco
zavuch27 [327]

Answer:

C. Life insurance company

Explanation:

  • Life insurance is an insurance company that deals with a product that provides reinsurance in the event of the untimely death of the insured.
  • There are also products that offer a savings / investment portion that saves insurance space for their future or for a specific period.

so correct option is C. Life insurance company

4 0
2 years ago
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