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Ulleksa [173]
3 years ago
15

Micron Precision purchased equipment on January ​1, 2018​, for $ 40,606. Suppose Micron Precision sold the equipment for $ 30,00

0 on December 31, 2019. Accumulated Depreciation as of December ​31, 2019​, was $ 12,494. Journalize the sale of the​ equipment, assuming​ straight-line depreciation was used.
Business
1 answer:
Step2247 [10]3 years ago
3 0

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $30,000

Accumulated Depreciation - Equipment A/c $12,494

        To Equipment A/c $40,606

        To Gain on Disposal of Equipment $1,888

(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)

The computation is shown below:

= $30,000 + $12,494 - $40,606

= $1,888

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Answer:

Consider the following explanation

Explanation:

Executive compensation depends on the overall performance of the company sequentially. It depends on various factors which determine the success of the organization. There has being a tool where the overall performance of the company and its overall standpoint is mentioned explaining in detail the occurrence of various events. Balanced score card is nothing but a report card explaining performance. Executive compensation attracts a clause of payment of a certain percentage only after achieving certain specific performance targets. Balanced score cards includes following things

Learning and growth perspective: it includes what the employees learn from the system, their training which is an essential aspect to increase their productivity.

Business perspective: determines how business are performing with regards market capitalization or client conversion ratios, also concerns about the region the business is growing into.

customer perspective: what customer wants, and what is being delivered to him, it helps company to close the gap to increase quality of delivery

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8 0
3 years ago
Over the past 100 years or so, Binney and Smith's Crayola crayons have become household staples in more than 80 countries around
Vesna [10]

Answer: Maturity stage

Explanation:

Maturity stage tends to occur after growth and introduction stages. Maturity stage is known as one of the longest stages of product life cycle. Under this stage, the sales growth tends to decline; the organization tends to reach the highest point under a demand cycle; and thus advertising strategies tend to have a minimal impact on their sales growth.

4 0
3 years ago
Read 2 more answers
When the United States imports more than it exports, then the balance of payments would record a negative entry in the financial
wel

Answer:

The answer is B a negative entry in the current account.

Explanation:

Balance of payments accounts of a country is the recording economic transactions (the payments and receipts) of the residents of the country with residents of other countries during a period of time.

Balance of Payments is in deficit or negative if imports are more than the exports and it is in surplus or positive if exports are more than imports during a period of time.

We have three categories of Balance of Payments:.

1. The current account which records the inflow and outflow of goods and services.

2. The Financial account which records

monetary flow like investment in real estates, fixed income(bonds), stocks etc.

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6 0
3 years ago
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large fir
Nonamiya [84]

Answer:

A

B

Explanation:

6 0
3 years ago
In preparing Marjorie Company's statement of cash flows for the most recent year, the following information is available:
Damm [24]

Answer: The answer is e. $264,000 of net cash provided.

Explanation:

Marjorie Company

Statement of cash flows

Purchase of equipment                                    ($260,000)

Proceeds from sale of equipment                        87,000

Purchase of land                                                   (91,000)

Net cash flows from investing activities        $264,000

5 0
3 years ago
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