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3 years ago

During the past 1000 years, the income per person of the world has

Business

1 answer:

Mamont248 [21]3 years ago

5 0

Answer: Has increased.

Explanation: Income per person has increased over the years because the cost of living and expenses have also increased. As the cost of items go up, income increases to help consumers be able to afford living and purchasing goods and services.

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Jeffreys Company reports depreciation expense of $40,000 for Year 2. Also, equipment costing $240,000 was sold for a $10,000 los

Daniel [21]

Answer:

Computation of cash received from the sale of the equipment:

D. $58,000.

Explanation:

Computation:

Sale of Equipment Account

Equipment account $240,000

less acc. depreciation 172,000

Net book value $68,000

less loss on sale 10,000

Cash received $58,000

Equipment Account

Year 1 balance $750,000

Year 2 balance 510,000

Sale of equipment $240,000

Accumulated Depreciation:

Year 1 balance $500,000

Year 2 balance 328,000

Sale of equipment $172,000

b) The sale of the equipment caused a loss of $10,000. The net book value of the equipment is $68,000. This implies that it was sold for $58,000 ($68,000 - $10,000). So, the cash received from the sale is $58,000.

7 0

3 years ago

Where might someone in an urban forestry career work?

dsp73

Answer:

Explanation:

4 0

3 years ago

Read 2 more answers

Calculating Residual Income Pelican Manufacturing earned operating income last year as shown in the following income statement:

TiliK225 [7]

Answer:

(A) $425,000

(B) $24,350

Explanation:

(a) Average Operating Assets:

= (Beginning Operating Assets + Ending Operating Assets) ÷ 2

= ($390,000 + $460,000) ÷ 2

= $425,000

Therefore, the average operating assets is $425,000.

(b) Residual Income:

= Operating Income - (Minimum Rate of Return × Average Operating Assets)

= $66,850 - (10% × $425,000)

= $66,850 - $42,500

= $24,350

6 0

3 years ago

Consumer protection laws are meant to:

Marysya12 [62]

B.Prevent unfair or deceptive business practices.

4 0

3 years ago

Read 2 more answers

The symbol in flow-charting that is used to mark the point in the process where the analysis skips to another common point of th

Nostrana [21]

Full question:

The symbol in flowcharting that is used to mark the point in the process where the analysis skips to another common point of the process is called:

a. Terminator icon

b. Line connector icon

c. Connector icon

d. Process icon

Answer:

The symbol in flow-charting that is used to mark the point in the process where the analysis skips to another common point of the process is called connector icon

Explanation:

Connector Symbol Symbolizes that the flow proceeds where an equal symbol has been assigned. Connector symbols perform it more accessible to combine flowcharts that traverse many pages. A loop may, consists of a connector where controller first begins, processing steps, a qualified with 1 arrow exiting in the loop, and one running back to the connector.

Off-page connectors are often employed to imply a connection to a process carried on another sheet. Connectors are regularly labeled with capital letters to dispense coordinating jump points.

4 0

3 years ago