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charle [14.2K]
3 years ago
6

Problem IV: On 1/1/X1, Wolfpack Creamery sold one of its ice cream trucks for $35,000 cash. Just prior to its sale, the "Truck"

asset account had a normal account balance of $60,000 and its related "Accumulated Depreciation" account had a normal account balance of $28,000. A. Compute the amount of gain or loss on the sale by comparing the book value of the sold asset to the cash received. Amount: _$____35000___ Cash received 3500 Book value of asset given up 32000 Gain/Loss on Sale 3000
Business
1 answer:
iragen [17]3 years ago
7 0

Answer:

Gain on disposal 3,000

Explanation:

purchase cost                      60,000

accumulated deprecation (28,000)

          book value               32,000

sales value:                        35,000

gain on disposal:                 3,000

As we sale for a higher price than book value we recognzie an accounting gain for 3,000

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Answer:

Market analysis

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True because coffee and other drinks can last up to hours of energy

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Suppose you just bought a 25-year annuity of $8,200 per year at the current interest rate of 12 percent per year. What is the va
zhannawk [14.2K]

Answer:

64,313.74 ; 95,559.38 ; 47,283.11

Explanation:

by definition the present value of an annuity is given by:

a_{n} =P*\frac{1-(1+i)^{-n} }{i}

where a_{n} is the present value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

1. P=8,200, n=25, i=12%

a_{n} =8,200*\frac{1-(1+12\%)^{-25}}{12\%}

a_{n} =64,313.74

2. P=8,200, n=25, i=7%

a_{n} =8,200*\frac{1-(1+7\%)^{-25} }{7\%}

a_{n} =95,559.38

3. P=8,200, n=25, i=17%

a_{n} =8,200*\frac{1-(1+17\%)^{-25} }{17\%}

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3 years ago
The strategy of convincing a customer to buy a higher-priced item than he or she had originally intended is called
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It's called an upselling

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3 years ago
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Arlecino [84]

Answer:

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The introduction stage is the first stage in the product life cycle where a company tries to build awareness about the product or service

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