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Vinil7 [7]
3 years ago
7

Which of the following is not true in regard to selling fixed assets?

Business
1 answer:
svetoff [14.1K]3 years ago
4 0

Answer: Option D

           

Explanation: Accumulated depreciation refers to the total amount of reduction in value that an asset has incurred upto a certain point of time. Depreciation is charged on fixed assets.

When a fixed asset is sold or discarded the accumulated deprecation of such asset is debited from the value to ascertain actual value of the asset.

If the selling amount received exceeds the actual value then a gain is recorded.

Hence from the above we can conclude that the correct option is D.

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What is the reason AD is downward sloping ? what causes AD to shift? Define OKun's law
salantis [7]

Answer:

Increased spending power.

Explanation:

At a lower price level, consumers are likely to have higher disposable income and therefore spend more.

4 0
3 years ago
We can imagine the financial manager doing several things on behalf of the firm’s stockholders. For example, the manager might d
iVinArrow [24]

Answer:

A

Explanation:

One of the responsibilities of a financial manager is to direct investment activities towards increasing the market value of an organization and also support the long term financial goal of the firm.

In as much as the financial manager is expected to act in the best interest of the shareholders , he should not be bias towards them in carrying out his responsibilities,

Therefore , the best option of the given alternatives in the scenario is the he should work towards increasing the market value by investing in real assets.

7 0
3 years ago
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
Gnoma [55]

Answer:

Estimated manufacturing overhead rate= $30.5 per direct labor hour

Explanation:

Giving the following information:

Direct labor-hours= 79,000 labor-hours.

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To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (1,469,400/79,000) + 11.9= $30.5 per direct labor hour

3 0
4 years ago
Economic growth is __________.
Mila [183]

<span>Economic growth is an increase amount of services or/ and goods produced by head of population over a period of time</span>

4 0
3 years ago
The fact that cmc allows low-level employees to have greater access to higher-level employees is called
masha68 [24]
It is called Affective commitment
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Providing the access will make the low-level employees in the company feel much more comfortable in adressing their concern towards the high-level employees
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