The loss on the disposal of the car is $-16,200.
The first step is to determine the total depreciation on the car.
Depreciation expense = percentage depreciation x cost of the asset
$37,000 x 0.1 = $3700
The second step is to determine the book value of the car = cost of the car - depreciation
$37,000 - $3700 = $33,300.
The book value is greater than the selling price of the car, so there was a loss on the sale. The third step is to determine the gain on the sale.
Loss = $17,100 - $33,300 = $-16,200
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Is to boost sales of a product by creating demand. Doing this draws new customers and keeping the ones they already have
Answer:
The correct answer is option C, firms face downward-sloping demand curves, and the products competitors sell are differentiated
Explanation:
In monopolistically competitive market all companies sell distinguished products. In this market all companies face downward sloping demand curve. These are the expectations of monopolistically competitive market. Therefore, option C is correct.
Answer:
Is this true or false? What are the options to answer
Explanation:
A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.
