Answer:
The company should recognize d. $120,000 loss on disposal
Explanation:
Companies frequently sell plant assets to dispose them. To recognize gain or loss on disposal:
First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.
Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss
.
In Wonder Company:
The carrying amount of the asset = $720,000 - $360,000 = $360,000
Sales price - carrying amount of the asset = $240,000 - $360,000 = -$120,000 <0
The company should recognize $120,000 loss on disposal
your correct answers is 114
As per the given data, there is An increase of $90 and a decrease of $100.
( bottle cost 90x10 =900 and 90x11=990; increase of $90)
(Total Revenue: 100x10=1000 , 90x10=900; difference is 100)
<h3>What is revenue?</h3>
While doing any kind of business, a person always invests some money and tries to generate a profit. This can be done with the help of operations calculations.
After an average sale that has been done. This kind of work or activity is done in the case of revenue. One can easily calculate the revenue by putting the given value into the formula.
Thus, in the case of Mr. Potter, after selling 11 bottles per week, the total revenue will be a difference of a hundred dollars.
Learn more about revenue from here:
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Answer: B - Companies are price-takers when they have little or no control over the prices of their products or services.
Explanation:
Price takers are firms that do not have control or do not set the prices for their goods or services. They take the price set by the market.
Price takers operate in perfectly competitive markets. Price takers have close substitutes for their goods and services.
Price makers are firms that have the ability to influence the price of their goods or services.
They are usually monopoly firms with no close substitutes for their goods or services.
Answer:
It is more likely to be the balance sheet of a property and casualty insurance company.
Explanation:
