Answer:
Depreciation for 2017
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Depreciation for 2018
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Sale of Truck:
Account - Dr - Cr
Cash $5300
Equipment $22,000
Accumulated Depreciation $9800
(4900*2)
Loss on Sale $6,900
Explanation:
- Depreciation = (Cost + Sales tax - Salvage value) / useful life
=(20515+1485-2400)/4
=$4900
- Book value = Cost + Sales tax - Annual depreciation computed in (a) * 2 years
=20,515+1,485-4900*2
=$12,200
Gain (loss) = Proceeds - Book value
=5,300 -12,200
=$6,900
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Global standardization is the best strategy for Geely to device when faces high pressure for cost reductions.
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Global standardization serves as the marketing approach which involves using of standard marketing strategies to promote products internationally.
Conclusively, Global standardization can help a firm facing high pressure for cost reductions.
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Treasury bills are a favorite place for financial managers to invest excess cash because of the sizable and vibrant market in which they are traded.
<h3>What are treasury bills?</h3>
Treasury bills are referred to as short-term securities issued by the government when they require cash. In comparison to their face value, bills are offered at a discount.
As a result, the investor can choose any term from one day to a year, literally defining the desired maturity. Maximum liquidity is offered by the "T-bill" market, which may take on practically any volume of activity.
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Answer: B. to prove Stew-topia engaged in predatory pricing, you would need to prove that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business
Explanation:
Predatory pricing is the pricing of goods in such a way that it is so low that it is even below average variable cost. The logic being that in the Shortrun, if a firm cannot cover it's variable cost, it would have to shutdown.
Larry would therefore be correct in saying that to prove Stew-topia engaged in predatory pricing, it would need to proven that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business.