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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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Orlando is experiencing panic.

He is panicking because of his anxiety that is caused by his beliefs that the place that he works might be closed soon. When an individual is experiencing chronic anxiety it can manifests in irrational behaviors or affecting the mind in a way that made it difficult for the individual to function effectively in his or her daily life, which we can see is happening with Orlando as described in the question.

3 0
3 years ago
Given an activity in an advertising project whose planned cost was $12,000 but actual cost to date is $10,000 so far and the val
givi [52]

Answer:

Probably not

Explanation:

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3 years ago
If a new-car loan costs 6%, a used-car loan would cost approximately ___ percent
Rufina [12.5K]
I'm guessing it's like half of that.
So 3%.
However, I saw online 4.9 %
8 0
3 years ago
Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver
marshall27 [118]

Answer:

The question is missing the below options:

$0.

$150.

$300.

$900.

$1,200.

The answer to the question is $300

Explanation:

In determining the amount of non-value adding cost,Flagler number of hours used in setup process is compared to that of its competitor.As a result of comparison, it came to light that Flagler used two more hours in setup process.

The extra hours do not necessarily make Flagler better,instead it makes worse off, as extra $300(2hrs*$150) would have to be incurred without any benefits derived.

This extra costs that do not make the organization better off and  do not add value,so it the non-value adding costs.

(8hrs-6hrs)*$150=$300

3 0
3 years ago
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Answer:

1. Lack of Vision

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3. Lack of Willpower

4. Trying to Please Everyone

5. Fear

6. The Average Mentality

7. The Pursuit of Perfection

7 0
3 years ago
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