Answer:
Loss of $200,000
Explanation:
Cost of Crane: $5,000,000
Accumulated Depreciation: 4,200,000
Difference 800,000
Sale of Crane 600,000
LOSS 200,000
This would be a loss because Hamilton did not receive enough cash on the sale of the crane to cover its initial cost for the crane. Since we do not have a salvage value listed, this answer is based on the assumption that the salvage value of the crane is $800,000. (Gain or loss is calculated by determining if the cash received on the sale of the item - in this case, the crane - is more (gain), less (loss), or equal (equal) to the salvage value. Based on the assumption that the salvage value is the remaining $800,000, this would mean a loss to Hamilton since they only received $600,000 for the sale of the crane).
Answer:
$117,201
Explanation:
Calculation for what The cost basis recorded in the buyer's accounting records to recognize this purchase is
Using this formula
Cost basis=Cash+Note payable+Mortgage
Let plug in the formula
Cost basis=$32,829+$26,957+$57,415
Cost basis=$117,201
Therefore The cost basis recorded in the buyer's accounting records to recognize this purchase is $117,201
Answer: $242,567.27
Explanation:
The $5,000 is an annuity as it is being paid every year and is a constant amount.
The value in 19 years is the future value of this annuity:
Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate
= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%
= $242,567.27
Answer:
Accounting for trade in goods and services
Indication of the combined effects of transactions on the U.S. national accounts for the current year:
1. Dmitri orders 40 bottles of wine from a French distributor at a price of $30.00 per bottle.
Amount (Dollars) $1,200
Consumption 0
Investment 0
Government Purchases 0
Imports Exports 0
Net Exports 0
Gross Domestic Product (GDP) 0
2. A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug.
Amount (Dollars) $1,000
Consumption 0
Investment 0
Government Purchases 0
Imports Exports $1,200 Exports
Net Exports $1,200
Gross Domestic Product (GDP) $1,200
3. Jake, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company).
Amount (Dollars) $670
Consumption $670
Investment 0
Government Purchases 0
Imports Exports 0
Net Exports 0
Gross Domestic Product (GDP) $670
Explanation:
The Gross Domestic Product (GDP) is the total market value of goods and services produced within an economy for a given period. It is calculated with this formula: GDP=C+I+G+(X−M) where, C = Consumption of goods and services, I = Investments, G = Government Spending, X = Exports and M = Imports. It is in turn influenced by transactions that take place on a daily basis. Some of the transactions do not really affect a country's GDP. For example, the order of bottles of wine by Dmitri (supposedly a Greek citizen) from a French distributor into (Greece).
Answer:
E-Business
Explanation:
E- Business is a field of buying and selling products on an online forum. It has benefited the global market in a tremendous way and has helped the economies to grow grandly.
As in the question, e- business has helped by expanding global reach, opening new markets through mass customization and personalization, reducing costs by removing intermediaries that facilitate buying and selling of goods through the process of disinter-mediation and selling directly to the consumer; and improving effectiveness
