The amount of the gain or loss on disposal of the fixed asset is $2,000.
<h3>Gain or loss on disposal </h3>
First step
Book Value = Original Cost of Equipment - Accumulated Depreciation
Book Value = $30,000 -$28,500
Book value= $1,500
Second step
Gain=Sale Price -Book Value
Gain=$3,500-$1,500
Gain=$2,000
Inconclusion the amount of the gain or loss on disposal of the fixed asset is $2,000.
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Answer:
Average defection rate = 3.9%
Explanation:
Average defection rate is the rate are which customers stop using a companie's products and services.
It could result from move to other competitors.
To calculate use the following formula
Customers per year= Spending per visit* Yearly frequency* Gross margin* (1/Defection rate)
3,200= 60* 52* 0.04*(1/Defection frequency)
Defection frequency (3,200)= 124.80
Defection rate= 124.80/3,200= 0.039= 3.9%
Answer: Step 3: record transactions into the journal; Step 4: post entries into the ledger.
Explanation:
After we identify and analyze a transaction so that we know what accounts and journal it is to go to, we record the transaction in the relevant journal in the third step of the accounting process.
We then take those transactions and post it to the relevant ledger which shows all the transactions related to a certain account. These ledgers are called the "books of final entry" and it is from them that we are able to draw up the unadjusted trial balance.
Answer:
B. Marketing and sales
Explanation:
Based on the information provided within the question it can be said that the studies conducted were part of the marketing and sales value chain activity. This is the department within a company that focuses on analysis of customer wants/preferences and needs, in order to hopefully increase sales with the information gathered.
Answer:
The correct answer is letter "C": services usually are labor-intensive.
Explanation:
A labor-intensive industry requires large amounts of human labor to make its goods or services. In labor-intensive industries, labor costs are more important than capital costs. Technological advances have rendered fewer industries labor-intensive but many remain including <em>hospitality, agriculture, </em>and <em>mining industries</em>.
