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iragen [17]
4 years ago
6

Maude exchanges a business machine for a new business machine. The adjusted basis of the old machine is $62,000 and the fair mar

ket value of the new machine is $70,000. The recognized gain or loss and the basis of the new machine is:
A. $0 and $0
B. $0 and $62,000
C. $0 and $70,000
D. $8,000 and $70,000
E. none of the above
Business
1 answer:
Sphinxa [80]4 years ago
8 0

Answer:

D. $8,000 and $70,000

Explanation:

Data provided as per the question:-

Old machine = $62,000

New machine = $70,000

The computation of recognized gain or loss is shown below:-

Realized gain = New machine - Old machine

= $70,000 - $62,000

= $8,000

Therefore, for computing the realized gain we simply deduct old machine from new machine the fair base value is $70,000, so it has been recorded.

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She makes $569.58 a month
Vlad [161]

Answer:

Needs - $284.79, Wants - $170.87, Savings - $113.92

Explanation:

Just divide $569.58 in half, so $284.79 for needs.

Then, $569.58 * 0.30 = $170.87 for wants.

Lastly, $569.58 * 0.20 = $113.92 for savings.

To check your answer, add up all the amounts:

$284.79 + $170.87 + $113.92 = $569.58

3 0
3 years ago
ProDairy Inc reduced the prices of its products to combat competitors that were selling dairy products at lower prices. This sce
Vinvika [58]

Answer:

task environment

Explanation:

It can say that based on the information provided within the question this scenario illustrates a force present in the task environment of an organization. This term refers to different conditions caused by third party factors such as supplies and distributors that directly affect the organization as well as how successful it is in achieving it's goals. Which in this scenario the task environment component affecting them are their competitors.

If you have any more questions feel free to ask away at Brainly.

7 0
4 years ago
A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory ha
bagirrra123 [75]

Answer:

See below

Explanation:

It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.

Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.

7 0
3 years ago
What is meant by cot plus pricing
KatRina [158]

Answer:

Its technically just a mark up on goods.

Explanation:

Cost plus pricing involves adding a markup to the cost of goods and services to arrive at a selling price.

3 0
3 years ago
Read 2 more answers
​Vipsana's Gyros House sells gyros. The cost of ingredients​ (pita, meat,​ spices, etc.) to make a gyro is​ $2.00. Vipsana pays
andrezito [222]

Answer:

The average fixed cost is $2.4.

Explanation:

Vipsana's Gyros House sells gyros.

The cost of ingredients​ to make a gyro is​ $2.00.  

Vipsana pays her employees​ $60 per day.  

She also incurs a fixed cost of​ $120 per day.

The cost incurred on ingredients and workers is a variable cost.  

The total fixed is thus $120.  

The average fixed cost for 50 gyros

= \frac{TFC}{Q}

= \frac{120}{50}

= $2.4

5 0
3 years ago
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