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zloy xaker [14]
4 years ago
9

TB MC Qu. 149 A machine with a cost... A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53

,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
Business
1 answer:
Oksi-84 [34.3K]4 years ago
4 0

Answer:

$0

Explanation:

Under the direct method of cash flow statement the operating activities recorded the cash revenues and cash payment only

In the given situation, there is a machine cost, accumulated depreciation and the sale of the machine is given

Nothing should be recorded in operating activities as the sale of the machine come under the investing activity

Therefore $0 should be reported

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4 years ago
William Corporation has a contract with the labor union which guarantees its workers pay for at least 40,000 hours every quarter
geniusboy [140]

Answer:please refer to the explanation section

Explanation:

direct labor hours = 39000 hours

Finished Goods = 13000 units

direct labour hours per unit = 3 hours

Direct Labor cost per hour = $12

Direct Labor Cost = 13000 units x 3 hours x $12 = $ 468000.

William corporation will pay $480000 (40000 x $12) as per the contract agreement with labour union but Direct Labor cost to be capitalized on Cost of Finished Goods is $ 468000. The cost of $ 12000 should be treated as an expense

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4 years ago
Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the
oksian1 [2.3K]

Answer:

  1. Contain Yourself!, a plastic container company, raises the price of its signature Lunchbox container from $3.00 to $4.00 . As a result, the quantity sold drops from 20,000 to 15,000 = unit elastic
  2. Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5 = inelastic
  3. Capital Metro decides to increase bus fare rates from $2.00 to $2.21 . Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day = elastic

Explanation:

  1. The demand for unit elasticity is an intermediate situation between an elastic and an inelastic demand curve, in which the price elasticity is equal to one, which means that given variations in the price, the total income does not change (price per quantity). Eslasticity=1
  2. Demand is inelastic when the percentage variation of the quantity demanded is less than the percentage variation of the price. Elasticity less than 1
  3. Elastic demand is when a small variation in the price causes a more than proportional change in the quantity demanded. Elasticity more than 1

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4 years ago
Explain how you would maintain up-to-date knowledge about personal finances and career opportunities in order to achieve your iS
puteri [66]

Answer:

я не знаю

Explanation:

ә рөл депо олдо ат ри мл олар топтарды рс пл

6 0
3 years ago
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When a counselor uses a networked or shared computer for the storage of confidential information on clients, the counselor shoul
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When a counselor uses a networked or shared computer for the storage of confidential client information, the counselor should <u>store confidential records on a portable storage device, rather than on the computer's hard drive</u><u>.</u> A counselor is a person trained to give guidance on personal or psychological problems.

<h3>What is a confidential record?</h3>

Confidential records contain information that for one or more reasons should only be disclosed to specific people or groups.

Therefore, the correct answer is as given above.

learn more about counselor: brainly.com/question/27712678

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