1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BaLLatris [955]
3 years ago
7

Joan bought a business machine for $15,000. In a later year, she sold the machine for $12,800 when the total allowable depreciat

ion is $8,500. The depreciation actually taken on the tax returns totaled $8,000. Joan must recognize a gain (or loss) of ______.
Business
1 answer:
Lady_Fox [76]3 years ago
3 0

Answer:

2,200

Explanation:

15,000 - 12,800 = 2,200

You might be interested in
actor Co. can produce a unit of product for the following costs: Direct material $ 8.60 Direct labor 24.60 Overhead 43.00 Total
leva [86]

Answer:

Relevant cost to make = Direct materials + Direct labor + Variable overhead

Relevant cost to make = $8.60 + $24.60 + $43.00 (1-60%)

Relevant cost to make = $8.60 + $24.60 + $17.20

Relevant cost to make = $50.40

Outside supplier cost ($48.40) < Relevant cost to make ($50.40). So, Factor should choose to buy because the relevent cost is less than outside supplier cost.

5 0
3 years ago
I'm pretty sure I am about to get kicked off of this site;)
wlad13 [49]
Why is that if like to help:)
4 0
3 years ago
Read 2 more answers
Sun Technologies, a cell phone manufacturing company, decided to change the operating system of its phones to eliminate the prob
larisa86 [58]

Answer:

Unfreezing

Explanation:

There are three phases of organizational change. Sun Technologies can be said to be at its unfreezing stage.

The organization must properly communicate with its employees and consumers at each level of changes they are.

  • At the unfreezing stage, the goal is to change the mindset and belief of the consumers about a particular process being deployed.
  • Since the adoption of the new technology is being advertised as one that will make things better, we can see elements of unfreezing here.
  • Other stages are the actual change phase and freezing stage
8 0
3 years ago
Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $70,000 of its accounts
lukranit [14]

Answer:

<u>Oct 1</u>

Dr Accounts receivable 70,000

Cr Bed debts expense 70,000

(Accounts receivable is an asset and when it increases, they are debited. When expenses increase, they are credited.)

<u>Oct 30</u>

Dr Cash 70,000

Cr Accounts receivable 70,000

(Cash is an asset and when it increases, it is debited. Accounts receivable is an asset and when it decreases, they are credited)

8 0
3 years ago
On January 1, 2017, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a
aalyn [17]

Answer:

The amount allocated to goodwill at January 1, 2017, is: $16,000

Explanation:

We talk of goodwill when a company acquires another one and is the difference between the cost to purchase the business minus the fair market value of the tangible assets netted the liabilities.

In this case the fair value of the assets is:

Assets $550,000 + $40,000 - $10,000= $580,000

The book value of the assets is corrected with the fair value, in this case we correct the value of the patent.

Liabilities $300,000

porcentage acquired 30%

price paid $100,000

$100,000 - ((580,000-300,000)*30%) = $16,000

5 0
3 years ago
Other questions:
  • Aldo Vitterini, the firm’s CEO, is concerned about his firm’s future, however. He is, in fact, considering moving his firm’s hea
    6·1 answer
  • The management of duker corporation is investigating purchasing equipment that would increase sales revenues by $130,000 per yea
    10·1 answer
  • Redbird Corporation provides the following data: Cash inflows $50,000 Cash outflows $43,000 Net income $35,000 Depreciation dedu
    8·1 answer
  • "A​ firm's statement of cash flows uses the balance sheet and the income statement to determine the amount of cash a firm has ge
    10·1 answer
  • Windsor Manufacturing is considering a project with an internal rate of return of 12%, an annual rate of return of 18%, and a 5-
    9·1 answer
  • Imagine you having your own business, what would be your pricing strategy and why?
    7·1 answer
  • Hannah was fired by Friendly Catering Company (FCC) without a valid reason. The company's employee handbook stated that employee
    5·1 answer
  • Data from Fontecchio Corporation's most recent balance sheet appear below:
    6·1 answer
  • Which resources can help you learn more about specific careers? Check all that apply. CareerOneStop a personal assessment a pers
    14·2 answers
  • As of December 31, 2019, Sheffield Corp. had $3000 of raw materials inventory. At the beginning of 2019, there was $2500 of mate
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!