All categories

3 years ago

Exercise 9-16

Business

1 answer:

antiseptic1488 [7]3 years ago

7 0

Answer:

Loss on sale of delivery equipment = $3,700

Explanation:

The following journal entry to record the exchange for Sheridan’s Delivery Company.

Delivery equipment debit (fair value) $2,800

Loss on sale of delivery equipment debit $37,00 (Note - 1)

Accumulated depreciation debit $15,000

Delivery equipment (original cost) credit $21,500

Note: Calculation: Loss on sale of delivery equipment = cost price of delivery equipment - accumulated depreciation - disposal of delivery equipment.

Loss on sale of delivery equipment = $21,500 - $15,000 - $2,800.

Loss on sale of delivery equipment = $21,500 - $17,800

Loss on sale of delivery equipment = $3,700

You might be interested in

Down and Out Co. operates an executive placement service for corporate executives displaced by corporate restructuring. Its mont

lbvjy [14]

Answer:

The average cost at a caseload of 25 attempted placements per month is 105.

Explanation:

The total cost function given in the question first correctly stated as follows:

TC = 25Q^1/2 + 2,500 ................ (1)

A caseload of 25 attempted placements implies that:

Q = 25

Substitute Q = 25 into equation (1), we have:

TC = (25 * 25^(1/2)) + 2,500 = 2,625

The average cost (AC) can now be calculated as follows:

AC = TC / Q = 2,625 / 25 = 105

Therefore, the average cost at a caseload of 25 attempted placements per month is 105.

5 0

3 years ago

Which of these statements best represents the law of supply? select one:

Nata [24]

The answer is: A.When the price of a good decreases, sellers produce less of the good

When the price of a good decrease, the amount of profit that the sellers could made is also decreasing. Because of this, sellers would feel less motivation to sell that product and start to reduce the supply of the product and replace it with newer ones.

7 0

3 years ago

In the context of strategic thinking, which of the following is a difference between for-profit organizations and nonprofit orga

blondinia [14]

Answer:

c.Unlike nonprofit organizations, for-profit organizations focus on gaining competitive advantage in the marketplace.

Explanation:

The nonprofit organization is that organizations whose aim to focus on the welfare of the society as a charity, donation, etc. It can provide services in educational, research, etc,

Whereas, Profit organization is those organization whose focuses to maximizing their profit and minimizing their cost so that it would gain a competitive advantage in the marketplace. Its focuses is to target as the general public.

Hence, option c is correct

5 0

3 years ago

Which of the following marketing variables is concerned with hiring and training of an organization's sales force?

enot [183]

Answer: A. Promotion

Explanation: You're promoting an employment opportunity for a job that is about promoting your business

6 0

3 years ago

Zeto Bank requires its customers to provide their customer identification number, their respective passwords, and a one-time pas

olya-2409 [2.1K]

Answer:

the correct answer is "Mobile Banking".

Explanation:

Mobile banking is doing banking and related financial activities such as money deposits, withdrawals, bill payments, issuing standing orders, checking the balance amount and opening/closing accounts through the internet and the mobile devices.

Mobile banking is more popularized through the launch of new applications in the iOS and Android platforms.

Mobile banking has made it easier for the customers to do banking related activities and it has made it easier for the banks to process more transactions without increasing their number of employees.

7 0

3 years ago