An instance where sellers should work to keep relationships with consumers is when they feel that the product

Suppose a piece of equipment cost $35,000 and has accumulated depreciation of $10,000. It is sold for $15,000 cash. What is the

Elodia [21]

The amount of the journal entry are as follows:-

Cash $15000

Accumulated Depreciation $10000

Equipment cost $35000

Loss on sale $10000

<h3>What is Depreciation?</h3>

An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.

The complete solution is attached below.

Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.

Thus the journal entry credit amount is Equipment cost $35000 and Debit amount of the journal entry are Cash $15000 Accumulated Depreciation $10000 and Loss on sale $10000.

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3 0

2 years ago

luebke incorporated has provided the following data for the month of november. the balance in the finished goods inventory accou

umka21 [38]

The adjusted cost of goods sold that would appear on income statement for November is $247,900.

<h3>What is an income statement?</h3>

One of a company's financial statements, an income statement or profit and loss account (also known as a profit and loss statement (P&L), statement of profit or loss, revenue declaration, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) lists the company's income and outgoings for a given time period. It explains how the revenues, commonly referred to as the "top line," are converted into net income or net profit (the result after all revenues and expenses have accounted for). The income statement's goal is to demonstrate to managers and investors whether the business gained money (profit) or lost money during the reporting period.

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8 0

1 year ago

The ability to take initiative in the workplace is called

vlada-n [284]

Answer:

C

Explanation:

5 0

3 years ago

Read 2 more answers

TechSmart employees receive annual pay raises and stock allocations on the basis of performance evaluations that assess individu

Goryan [66]

TechSmart managers are implementing distributive justice.

<h3>What is distributive justice?</h3>

Employees experience distributive justice when they think that results are fair. These results can be measurable, like pay, or intangible, like appreciative remarks. In the event that staff members feel fairly compensated or handled, distributive justice is achieved. When equal effort does not result in equal rewards or when a person or group obtains an excessive amount of goods, distributive justice is lacking.

When equals enjoy the same distribution of benefits, distributive justice has unquestionably been attained. In a constitutional democracy, governmental policies that guarantee social security or healthcare to all retirees and the old are examples of distributive justice.

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7 0

2 years ago

SGA Consulting had a FCFE of $3.2M according to the just released financial statement and has 3.2M shares outstanding. SGA's req

fgiga [73]

Answer:

The value of Equity is $77.16 million and the value per share is $24.11

Explanation:

The FCFE or free cash flow to equity can be used to calculate the intrinsic value of a company using the discounted cash flow approach. As the growth rate in FCFE is constant, the terminal value of the future FCFEs can be calculated as follows,

Value of Equity = FCFE * (1+g) / r - g

Value of Equity = 3.2 * (1+0.085) / (0.13 - 0.085)

Value of Equity = $77.16 million

The intrinsic value per share = 77.16 / 3.2 = $24.11 per share

6 0

3 years ago