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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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Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you
Bogdan [553]
Revised and detailed edition.

A direct deposit program is a program that allows for the automatic deposit of your net earnings into the bank of your choice, so with this in mind one may deduce that your paycheck was deposited into your account. nowhere in this phrasing was it stated that you are the boss/owner so you are not depositing the net earnings (which is the total value of a business's income minus cost of goods, expenses, and taxes for an accounting period.) and the purpose of a direct deposit is essentially to cut out handing you a paycheck and having you go down to your bank and cashing/depositing it into your account. once again this leads me to believe the answer is PAYCHECK. If my reasoning is off, or not detailed enough please leave a comment and to the best of my abilities i will converse and elaborate with you in more lucid terms and further detail.
8 0
3 years ago
Read 2 more answers
Hooray! You hit your sales number for the quarter and are awarded a $3,000 bonus. You spend $2,100 on a new living room TV and e
kotykmax [81]

Answer:

0.7 and 0.3

Explanation:

Data provided in the question

Awarded bonus value = $3,0000

Spending amount on a new living room = $2,100

So by considering the above information , the MPC and MPS is

As we know that

MPC = change in Consumption spending ÷ change in income

        = $2,100 ÷ $3,000

        = 0.7

And, the

MPC + MPS = 1

0.7 + MPS = 1

So, the MPS is 0.3

4 0
3 years ago
Which of the following is an example of promotion?
gulaghasi [49]

Answer:

<em>A. An advertisement</em>

Explanation:

7 0
3 years ago
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Journalize the sales transactions. Explanations are not required. ​(Record debits​ first, then credits. Exclude explanations fro
photoshop1234 [79]

Answer:

cash        20,000 debit

    sales revenue      20,000 credit

COGS        10,000 debit

    inventory          10,000 credit

Explanation:

The sale is a revenue thus credited.

We recieve cash which is an asset. When asset increase we debit.

Then, we must recognize the expense associate with this sale. Also, this decreases our invnetory, we have less assets o we credit inventory account.

7 0
4 years ago
Classify each of the following based on the macroeconomic definitions of saving and investment. Saving Investment Manuel purchas
Zina [86]

Answer:

The correct answers are:

A) Investment

B) Saving

C) Investment

D) Saving

Explanation:

In macroeconomics, investments are acquisitions spent whether on durable goods, services or both. While savings are the assets accrued after a part of it has been spent on primary goods, services o both. In the two cases, future benefits are expected.

In that sense:

A) <em>Manuel purchases a new condominium in Miami. </em>

This is an <em>investment</em> since the property is considered a durable good.

B) <em>Poornima purchases stock in Goohoo, an information technology company. </em>

This is a <em>saving </em>since stocks are intangibles.

C) <em>Kate purchases new ovens for her cupcake-baking business. </em>

This is an <em>investment</em>. The new ovens are durable goods.

D) <em>Hubert buys a government bond.</em>

This is a <em>saving </em>since bonds as well as stocks are intangibles.

6 0
3 years ago
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