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
OlgaM077 [116]
3 years ago
13

In an exchange, archie gave up his fully depreciated business-use dump truck (fmv $15,000) and $5,000 for a newer business-use d

ump truck (fmv $20,000). what is the gain realized and recognized on the exchange?
Business
1 answer:
TiliK225 [7]3 years ago
5 0

Answer:

The realized gain is 0

Explanation:

The fair market value of the truck that archie gives up is $15,000 and the new truck he gets has a fair market value of $20,000. Archie also gives $5,000 in cash plus his old truck in order to buy the new truck.

Gain= Fair market value of new truck -Fair market value of old truck - Cash paid

Gain = 20,000-15,000-5,000

Gain = 0

You might be interested in
Ed, an entrepreneur, wants to hire a human resource professional who can help him make decisions about who will or will not be a
Artyom0805 [142]

Answer: Personnel selection

   

Explanation: In simple words, personnel selection is a single term used for the collection of activities recruitment, hiring and acculturation. It involves appointing the suitable individual for the job vacant in the firm.

In the given case, Ed is hiring a human resource professional for his firm. Thus, from the above we can conclude that he should use the term personnel selection.

5 0
3 years ago
Colby Company has a process costing system in which the weighted-average method is used. The company adds all materials at the b
ivanzaharov [21]

Answer:

$7,650

Explanation:

Ending work in progress = Beginning Work in progress + Units started - Units completed and transferred

= $22,000 + $90,000 - $97,000

= $15,000

Equivalent units = Units completed and transferred + Ending work in progress

= $97,000 + $15,000

= $112,000

Total cost = Material cost (Beginning) + Material cost during the month

= $11,000 + $46,100

= $57,100

Cost per equivalent unit = $57,100 ÷ $112,000

= $0.51

Materials cost of the work in process inventory at March 31 = Ending work in progress × Cost per equivalent unit

= $15,000 × $0.51

= $7,650

4 0
3 years ago
Painter Corporation was organized by five individuals on January 1 of the current year. At the end of January of the current yea
love history [14]

Answer:

Painter Corporation

Income Statement

For the month ended January, 202x

Total revenues   $299,000

<u>Total expenses  ($192,000)</u>

EBIT                      $107,000

<u>Income taxes       ($33,200)</u>

Net income           $73,800

Painter Corporation

Balance Sheet

For the month ended January, 202x

Assets:

Cash $66,950

Accounts receivables $33,200

Merchandise inventory $95,700

Total assets                                                          $195,850

Liabilities:

Accounts payable $27,350

Stockholders' equity

Common stock $94,700

Retained earnings $73,800

Total stockholders' equity $168,500

Liabilities + stockholders' equity                           $195,850

4 0
3 years ago
A human resource manager who is trying to find the best ways to help employees deal with stress might use concepts from which di
dezoksy [38]

Answer:

A. Medicine

Explanation:

Stress is a condition that affects the mental health of employees and is a challenge for human resources professionals in the workplace. Generally, work stress is caused by high workloads, pressure, conflicts, etc.

Therefore, it is necessary that HR be able to implement solutions to deal with stress in an organization, with the objective of maintaining the mental health and productivity of employees. For this, HR can use concepts from medicine, such as implementing health programs -being, improving physical fitness, labor gymnastics, etc. All of these concepts that promote well-being will assist in promoting a positive organizational culture and aimed at developing the skills and competences of each employee.

8 0
3 years ago
Consider the market for portable air conditioners in equilibrium. a summer of unseasonably cool weather would cause:______
Julli [10]

Consider the market for portable air conditioners in equilibrium. A summer of unseasonably cool weather would cause both the equilibrium price and quantity to decrease. A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal.

The manufacturer or vendor is free to transfer as many units as they like, and the consumer is free to access as many units as they like. By setting the supply function to equal the demand function, Qs = Qd, you may determine the equilibrium price.

To learn more about equilibrium, click here

brainly.com/question/14480835

#SPJ4

4 0
2 years ago
Other questions:
  • A particular city has an asian population of 1419 people, out of a total population of 23,609. conduct a goodness of fit test at
    15·1 answer
  • The service division of Raney Industries reported the following results for 2017.
    6·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    7·2 answers
  • Assume that the economy grows by 3 percent, total factor productivity grows by 2 percent, and the labor force grows at 2 percent
    8·1 answer
  • Zaira, a registered nurse, is tired of working long hours at the hospital and is looking for a different job in her field. What
    14·1 answer
  • Which of the following would make it easier to maintain an effective collusive agreement in a cartel?
    5·1 answer
  • How to make demon children
    13·2 answers
  • Droz's Hiking Gear, Inc. has found that its common equity capital shares have a beta equal to 2.5 while the risk-free return is
    13·1 answer
  • which of the following are not required payroll deductions from an employees' gross earnings? (check all that apply.) multiple s
    11·1 answer
  • communities in which groups of chrisitna men gave up all their private possessions and lived very simply, devoting their lives t
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!