46) According to the capitalistic view, the primary goal of an organization is to<br> ?

Jeffreys Company reports depreciation expense of $40,000 for Year 2. Also, equipment costing $240,000 was sold for a $10,000 los

Daniel [21]

Answer:

Computation of cash received from the sale of the equipment:

D. $58,000.

Explanation:

Computation:

Sale of Equipment Account

Equipment account $240,000

less acc. depreciation 172,000

Net book value $68,000

less loss on sale 10,000

Cash received $58,000

Equipment Account

Year 1 balance $750,000

Year 2 balance 510,000

Sale of equipment $240,000

Accumulated Depreciation:

Year 1 balance $500,000

Year 2 balance 328,000

Sale of equipment $172,000

b) The sale of the equipment caused a loss of $10,000. The net book value of the equipment is $68,000. This implies that it was sold for $58,000 ($68,000 - $10,000). So, the cash received from the sale is $58,000.

7 0

4 years ago

Hearing and listening ___________________.

ivanzaharov [21]

Answer:

b

Explanation:

they happen anyway you can't stop yourself from listening something around you

8 0

3 years ago

Daniel Co. has 500 employees who work 8-hour days and are paid hourly. On January 1, 2020, Daniel started granting its employees

Jobisdone [24]

Answer:

The amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.

Explanation:

This can be calculated using the following formula:

Amount to report in income statement for 2020 = Number of employees * Hourly wages in 2020 * Number of hours worked daily * Vacation Days Earned by Each Employee .......................... (1)

Where;

Number of employees = 500

Hourly wages in 2020 = $25

Number of hours worked daily = 8

Vacation Days Earned by Each Employee = 20

Substituting the values into equation (1) we have:

Amount to report in income statement for 2020 = 500 * $25 * 8 * 20

Amount to report in income statement for 2020 = $2,000,000

Therefore, the amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.

4 0

3 years ago

Chancellor Ltd. sells an asset with a $2.4 million fair value to Sophie Inc. Sophie agrees to make seven equal payments, each to

sattari [20]

Answer:

The Annual payment to be made is $445,327

Explanation:

The computation of the annual payment is shown below;

As we know that

The Present value of assets = Annual payment to be made × Present value annuity factor (i%,n)

$2,400,000 = Annual payment to be made × Present value annuity factor (7%,7)

$2,400,000 = Annual payment to be made × 5.3893

So,

The Annual payment to be made is $445,327

4 0

3 years ago

At its present rate of output, Barrel O' Biscuits, a perfectly competitive firm, finds that its marginal cost exceeds its margin

Delvig [45]

Answer: Reduce output

Explanation:

According to the given question, the barrel O' Biscuits is one of the type of perfectly competitive organization in which its overall marginal cost increasing the company's marginal revenue.

For maximizing the profit of an organization then we should reduce the output as in the perfect competition the company majorly affected the output only and for shift the overall marginal cost of the company we reducing the output.

Therefore, Reduce output is the correct answer.

3 0

3 years ago

46) According to the capitalistic view, the primary goal of an organization is to ?