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Anika [276]
4 years ago
7

A machine costing $132,000 was destroyed when it caught fire. At the date of the fire, the accumulated depreciation on the machi

ne was $60,000. An insurance check for $150,000 was received based on the replacement cost of the machine. The entry to record the insurance proceeds and the disposition of the machine will include a
Business
1 answer:
ELEN [110]4 years ago
8 0

Answer:

Gain on disposal of $78,000

Explanation:

The computation of the disposition of the machine is shown below:e

= accumulated depreciation + insurance received based on the replacement cost of the machine - Destroyed cost of the machine  

= $60,000 + $150,000 -  $132,000  

= $78,000

Since the machine was replaced so accumulated depreciation should be included and the destroyed cost of the machine should be deducted.

The $78,000 record gain disposal of the machine  

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When the director/manager allows employees to guide themselves toward the goal, then a(n) _______ leadership style is being used
kondaur [170]

Answer:

Free Rein Style

Explanation:

leadership can be described as research area that encomposses the ability of an organisation or an individual to lead a team, individuals or entire organisations.

Free rein style is the most suitable.

7 0
4 years ago
Which of these characteristics is NOT applicable to a multinational company?(A) It may serve only one country but have suppliers
Vinil7 [7]

Answer:

(A) It may serve only one country but have suppliers or facilities in other countries.

Explanation:

  • An MNC is a multinational enterprise as its a corporate organization that serves the goods and services and also manages the production the establishments, and thus has a plants located in at least two countries and engages in FDI foreign direct investment as the firm markets have a direct investment in the host countries equity ownership and managerial control.
  • They generally make a significant investment in a foreign country, also buying and selling licenses in the foreign markets and prover their global presence in a variety of ways like advertising costs over the global sales, pooling of global purchasing power over the suppliers, and also spreading R&D and innovation in markets.
7 0
3 years ago
Which of the following queries can have a Fully Meets result?
ANEK [815]

Answer:

The right answer for the question that is being asked and shown above is that: "true/false [adobe]; English (US) True/false [new york times online]; English (US) True/false [hawaiian phototographers]." These are the following queries that can have fully meet resulT

MARK ME BRAINLIEST!

Explanation:

3 0
3 years ago
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,
DanielleElmas [232]

Answer:

181,500 units

Explanation:

Given that

Beginning work in progress inventory = 20,000 units

The department completed and transferred = 165,000 units

Ending period = 22,000 units

Percentage of completion = 75%

The computation of equivalent units is given below :-

Work in progress of ending period

= 22,000 × 75%

= 16,500 units

So, the equivalent units

= 165,000 + 16,500

= 181,500 units

6 0
3 years ago
Advantages and disadvantages of implementing plan where functional managers will be held responsible for cost overruns against t
Morgarella [4.7K]

Answer:

Kindly check explanation

Explanation:

Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :

The advantages include:

1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.

11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.

The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.

5 0
3 years ago
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