When does information become a liability for an organization?

Shocker Associates sold office equipment for cash of $162,000. The accumulated depreciation at date of sale amounted to $123,000

siniylev [52]

Answer:

Original Cost of asset = $269,000

Explanation:

Provided information,

We have been provided that selling value of equipment = $162,000

Gain recognized on sale = $16,000

Gain = Selling price - Book Value

$16,000 = $162,000 - Book Value

Book Value = $162,000 - $16,000 = $146,000

Accumulated Depreciation = $123,000

Book Value = Original Cost - Accumulated Depreciation

$146,000 = Original cost - $123,000

$146,000 + $123,000 = Original Cost = $269,000

8 0

3 years ago

Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total

tangare [24]

Answer:

Variable cost per unit= $1.4 per unit

Explanation:

Giving the following information:

Miles Driven Total Cost Miles Driven Total Cost

January: 8,000 $14,120

March: 8,550 $14,979

February: 7,490 $13,495

April: 8,195 $14,490

To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)

Variable cost per unit= $1.4 per unit

7 0

3 years ago

After an hour on the expressway, your passengers need to use the restroom and they want to get some food. As you approach the ne

Gre4nikov [31]

The sign will be blue and it will have food places on it like Mc Donalds and Subway. Those food places will have a restroom so you would just follow the signs direction to that food place.

Hoped I helped!

5 0

3 years ago

An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find th

Hunter-Best [27]

The amount of money in the account at the end of the period will be $2907.89.

<h3>What is the investment?</h3>

The dedication of an asset to achieve a gain in value through time is referred to as an investment.
Investment necessitates the sacrifice of a current item, such as time, money, or effort.
The goal of investing in finance is to earn a return on the invested asset.
A gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a mix of capital gain and income, may constitute the return.

<h3>To find the amount of money in the account at the end of the period:</h3>

Step 1: Define

Identify variables

P = 930

t = 19

r = 6% = 0.06

Step 2: Find Interest

Substitute in variables [Compounded Continuously Formula]: $A=930e^{} ^{19*0.06}$

[Exponents] Multiply:

$A=930e^{1.14}$

Evaluate exponents:

$A=930(3.12677)$

Multiply:

$A=2907.89$

Therefore, the amount of money in the account at the end of the period will be $2907.89.

Know more about investment here:

brainly.com/question/25300925

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5 0

1 year ago

Frank decides that a social media campaign is the best way for him to attract new business to Slice of Life Pizza. After Frank i

Softa [21]

Answer: identify your target audience

Explanation:

Since Frank has identified his strategies and goals, then the next step in the campaign will be to identify the target audience.

The target audience refers to the consumers that are likely to attract new business to Slice of Life Pizza. This is vital for Frank to be able to reach out to more customers and make profit.

3 0

3 years ago