Answer:
loss of $1,200
Explanation:
Depreciation is the systematic allocation of cost to an asset. it is given as
Depreciation = (cost - salvage value)/useful life
When an asset is sold at an amount lower than its carrying or net book value, a loss on sale/disposal is recognized otherwise, a gain on disposal. The netbook value is the cost less accumulated depreciation.
Depreciation = ($33,000 - $4,000)/5
= $5800
Netbook value at disposal = $33,000 - $5800
= $27,200
Gain/(loss) on disposal = $26,000 - $27,200
= ($1,200)
Answer:
Control Accounts are the total accounts in the cost ledger which summarizes the totals of individual accounts (subsidiary ledger). In these accounts, entries are made once at the end of each accounting period based on the periodical totals of transactions in related subsidiary ledgers and books.
Answer:
I believe it is C.
Explanation:
Hope my answer has helped you!
Answer:
This is an example of guerilla marketing.
Explanation:
Answer:
50 percent: your needs
20 percent: your savings and debt
30 percent: your wants
Explanation:
Budgeting your money using the "50/20/30" rule:
50 percent: Your needs. 50 percent of your paycheck should be set aside for the essentials, the core things you need to live. These include utilities, groceries, and rent, prescription medications, gas for your car, or the minimum payment on your credit card.
20 percent: Your savings and debt. The next 20 percent of your paycheck is for your savings and debt repayments. In other words, paying off the past and investing in the future
30 percent: Your wants. The remaining 30 percent should be spent on things that you want but could live without. This 30 percent allows for flexible spending and, perhaps, a happier life.
This could include money for vacations, shopping sprees, or a car you really covet. But remember, these "wants" include all things that aren't needed to stay afloat, so be sure to prioritize.
