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zloy xaker [14]
3 years ago
9

Equipment that cost $660,000 and has accumulated depreciation of $300,000 is exchanged for equipment with a fair value of $480,0

00 and $120,000 cash is received. The exchange lacked commercial substance?What is the gain to be recognized?
Business
1 answer:
amid [387]3 years ago
7 0

Answer:

$240,000          

Explanation:

The computation of the gain to be recognized is shown below:

= Total Exchange value - net value

where,

Total exchange value equals to

= Fair value of equipment + cash received

= $480,000 + $120,000

=$600,000

And, the net value would be

= Estimated cost - accumulated depreciation

= $660,000 - $300,000

= $360,000

ow put these values to the above formula

So, the value would be equal to

= $600,000 - $360,000

= $240,000

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A point M on a segment with endpoints (-1, 1) and ( 7, 7) partitions the segment in a 3:5 ratio. Find M. You must show all work
HACTEHA [7]

The coordinates of point M after the partition is (2, 3.25).

<h3>What are coordinates and how to determine coordinates?</h3>
  • A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.

We have:

  • Endpoints = (-1,1) and (7,7)
  • Ratio, m : n = 3 : 5

The coordinates of point M is then calculated using:

M=\frac{1}{m+n} *(mx_{2}+nx_{1} , my_{2} +ny_{1} )

So, we have:

M=\frac{1}{3+5} * (3*7+5*-1,3*7+5*1)

Evaluate the sum and the product:

M=\frac{1}{8} *(16,26)

Evaluate the product:

M=(2,3.25)

The coordinates of point M is (2, 3.25)

Therefore, the coordinates of point M after the partition is (2, 3.25).

Know more about coordinates here:

brainly.com/question/17206319

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4 0
2 years ago
The difference between situational interviews and behavioral description interviews is that: a. behavioral description interview
Sindrei [870]

Answer:

C) Situational interviews focus on hypothetical incidents rather on actual work incidents

Explanation:

situational interview give rooms to individual that is going through interview from interviewer to pass across his/ her expertise, talent as well as skills that could be used in overcoming any challenges that come with the job.

Behavior Description Interview on other hand utilize premise which goes that behavior of the past can be use in predicting the future, it uses a techniques that finds out what applicant has done in a kind similar situation in the past. It should be noted that one main difference between situational interviews and behavioral description interviews is that Situational interviews focus on hypothetical incidents rather on actual work incidents

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3 years ago
In 1-2 sentences, explain why scarcity exists.
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Scarcity exists because distribution of resources is unequal. Majority of the people tend to get more than they need in preparation for future uses. They did not take into consideration that other people also need the items they have stocked up on. This results to unequal distribution of resources. Those who had first access to the goods have more than they need while those who came last have goods that is not enough to sustain their needs. They are the ones experiencing scarcity.

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Margaret, HR manager at Frexotel Inc., recruits her cousin Linda as production manager in the company. This results in resentmen
patriot [66]

Answer: Nepotism

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recruitment or any other opportunity. It entails using one's power to secure juicy opportunities for one's relatives, especially when they are not qualified for such opportunity. Nepotism is also an act of partiality in order to favour one's friends or relative or candidate over others.

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Jonah had $25 to spend. He
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