Answer:
Journal Entry for disposal (or) sale of Truck
Explanation:
- Truck (asset) sold for cash, bank, or on credit {On loss}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
P & L ac ... dr
to Truck ac ... 32000
- Truck (asset) sold for cash, bank, or on credit {On gain}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
to Truck ac ... 32000
To P & L ac
Answer:
Parietal, temporal
Explanation:
The parietal association area is responsible for perceiving and attending to stimuli, and the temporal association area is responsible for identifying them.
Answer:
Provided in Explanation
Explanation:
This is a very general question however I’ll try to answer it to the best of my knowledge.
If I use my own assumptions then these will be the Projections:
Selling Price $79.99 Selling Price $69.99
Cost of Sales/unit $40.00 Cost of Sales/unit $40.00
Expenses/unit $15.00 Expenses/unit $15.00
Demand @ $79.99 1000 Demand @ $69.99 1200
Sales $79,990.00 Sales $83,988.00
Cost of Sales $40,000.00 Cost of Sales $48,000.00
Expenses $15,000.00 Expenses $18,000.00
Profit $24,990.00 Profit $17,988.00
The final decision however relies on the Price Elasticity of the Product. If the Product is Price elastic then lowering the Price will lead to a significant rise in Demand. However if the Product is Price inelastic then lowering the Price will not lead to a significant rise in Demand and thus profit margins will be lowered. If the Product is Price inelastic then it is better to increase prices in order to gain more profits. In the case of Unit Elasticity the change in Demand will be at the same proportion as price change so it won’t be of any use to change the Price.
Answer:
$22,000 Credit balance
Explanation:
Calculation to determine the ending balance
First step is prepare the Journal entries
Dr Treasury stock $416,000
Cr Cash $416,000
(26,000 shares*$16 per share)
Dr Cash $161,000
(7,000*$23)
Cr Teasury stock $112,000
($16 per *7,000)
Cr Additional Paid-in Capital $49,000
($161,000-$112,000)
Dr Cash $117,000
(9,000*$13)
Dr Additional Paid-in Capital $27,000
($144,000-$117,000)
Cr Teasury stock $144,000
($16*9,000)
Now let calculate the Ending balance
Ending balance=-$49,000+$27,000
Ending balance=-$22,000 Credit balance
Therefore the Ending balance is $22,000 Credit balance
