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BigorU [14]
3 years ago
11

ABO purchased a truck at the beginning of 2018 for

Business
1 answer:
valentina_108 [34]3 years ago
3 0

Answer:

B. Debit Loss $5,000.

Explanation:

depreciation per year under straigh-line method:

\frac{cost- salvage}{useful \: life}

\frac{140,000 - 20,000}{6}

depreciation per year: 20,000

book value at 2019 year-end:

140,000 - 20,000 x 2 = 100,000

disposal value:                95,000

loss for                               5,000

loss at diposal:                      5,000  debit

cash                                      95,000 debit

accumulated depreciation  40,000 debit

                truck                                       140,000 credit

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3 years ago
the main reason suppliers can offer quantity discounts is that,shipping and handling costs per unit are reduced when customers b
Over [174]
Of the packaged deal. When you ship something, then you get that price. 
7 0
3 years ago
In social network analysis __________ stress(es) the importance of ties connecting heterogeneous people—helping to ensure a wide
murzikaleks [220]

Answer:

<u>Bridging relationships</u>

Explanation:

Social networking analysis refers to analyzing the interaction between different social groups, people and individuals of an organization.

Such an analysis establishes linkage between diverse people who differ in their attitudes, beliefs and demeanor.  

Such an analysis is aimed at gaining an understanding of a group and it's dynamics, it's key members and deciphering the nature of their association.

Bridging relationships refers to bridging or reducing the gap between a group and laying emphasis upon the relations via which diverse people are interconnected and information is shared between them.

8 0
3 years ago
DS Unlimited has the following transactions during August.
stealth61 [152]

Solution:

Inventory                  21,320 debit

        A/P                                            21,320 credit

--to record purchase from Game Girl --

Inventory                   360 debit

       Cash                                           360 credit

--to record the freight-in--

A/P                            1,560 debit

    Inventory                                     1,560 credit

--to record returned goods to GameGirl--

A/P                          19,760 debit

      Inventory                                       395 credit

      Cash                                           19,365 credit

--to record payment to GameGirl--

accounts receivables       17,360 debit

             sales revenues                         17,360 credit

COGS                               8,406 debit

                                                              8,406 credit

--to record sale and subsequent cost of the sale--

total amount of the purchase in dollars:

82 game devices x 260 dollars each = 21,320

six returned devices:

6 x 260 = 1,560

invoice balance: 21,320 - 1,560 = 19,760

discount because payment within the first ten days:

19,760 x 2% = 395

final value: 19,760 - 395 = 19,365

sale of 62 devices at 280 = 17,360

4 0
3 years ago
Addie, Brady and Carson form Capital City Partnership. The Partnership Agreement provides profits and losses are divided equally
irinina [24]

Answer:

Brady will receive $850,000

Carson will receive $250,000

Addie will receive $100,000

Creditors will receive $300,000  

Explanation:

The partnership is being dissolved and $1,500,000 will be distributed as follows:

$300,000 to pay debts to creditors

$450,000 to pay for Brady's loan

$300,000 for Brady's initial contribution

<u>$150,000 for Carson's initial contribution</u>

$300,000 are left to be divided equally between the three partners:

  • Brady will receive: $450,000 + $300,000 + $100,000 = $850,000
  • Carson will receive: $150,000 + $100,000 = $250,000
  • Addie will receive $100,000

3 0
3 years ago
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