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denpristay [2]
3 years ago
9

A company discarded a computer system originally purchased for $18,000. The accumulated depreciation was $17,200. The company sh

ould recognize a(an): Multiple Choice $800 loss. $0 gain or loss. $8,000 loss. $7,200 loss. $800 gain.
Business
1 answer:
dezoksy [38]3 years ago
3 0

Answer:

The correct answer is $800 loss.

Explanation:

According to the scenario, the given data are as follows:

Purchased Amount = $18,000

Accumulated depreciation = $17,200

So, we can calculate the book value by using following formula:

Book value = Purchased Amount - Accumulated depreciation

By putting the value in the formula, we get

$18,000 - $17,200 = $800

So, if company discarded the computer system, Then

Book value of computer system = Loss to the company

Hence, Company Loss = $800

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Suppose that the wage rate is $30 per hour, and the firm sells each unit of output for $6. Using the data from Table 7.3, how ma
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I found this data from Table 7.3
<span> <span> </span><span><span> Labor Input Output
</span> <span> 0                          0
</span> <span> 1                          40
</span> <span> 2                          70
</span> <span> 3                          90
</span> <span> 4                       100
</span> <span> 5                       105
</span> <span> 6                       108

Labor Cost = Labor Input x 30
Output Sales = Output x 6
Revenue = Sales - Cost

</span></span></span><span> <span> </span><span><span> Labor cost        Output Sales
</span> <span> 0                                    0
</span> <span> 30                                 240
</span> <span> 60                                 420
</span> <span> 90                                 540
</span> <span> 120                               600
</span> <span> 150                               630
</span> <span> 180                               648

</span></span></span><span> <span> </span><span><span> Labor Input     Output      Labor cost    Output Sales <span>   Revenue</span>
</span> <span> 0                         0                 0                      0                        0
</span> <span> 1                        40               30                    240                   210
</span> <span> 2                        70               60                    420                   360
</span> <span> 3                        90               90                    540                   450
</span> <span> 4                     100             120                    600                   480
</span> <span> 5                     105             150                    630                   480
</span> <span> 6                     108             180                    648                   468

Labor Unit 4 and 5 both have a revenue of 480. It is the maximum revenue. I think the best option would be C. 4 UNITS.

Lesser cost to the company at a maximum revenue. </span></span></span>
6 0
3 years ago
Use your newly found knowledge to explain credit card disclosure statements to someone who has never received one. Write a one t
Anastaziya [24]

Answer:

Credit card disclosure statements include almost everything you need to know about credit cards. The statements include the APR rates, Annual Fee, Late Fees, and Introductory Rates. Annual Percentage Rates are one of the most important things to do with credit cards. They are the costs of the loan each year expressed as a percentage. Loans are used for pretty much everything nowadays. Most people only use them for things like buying cars or buying a house. Lenders for loans often check your credit score, years of employment and other things. Having credit card debt affects your ability to get loans. That is why it’s important to pay off credit cards on time rather then late. Disclosure statements help everyone figure out the information on their credit card and their payments.

7 0
3 years ago
The industry that is the most recent target of deregulation is the
Ksju [112]

The industry that is the most recent target of deregulation is the "electric utility industry".

Electric deregulation is the way toward changing tenets and directions that control the electric industry to give clients the decision of power providers who are either retailers or dealers by permitting competition. Deregulation gives purchasers a choice with regards to their energy provider.

7 0
3 years ago
1. Cullumber Cosmetics acquired 13% of the 301,200 shares of common stock of Elite Fashion at a total cost of $14 per share on M
Helen [10]

Answer:

1. 18-Mar

Dr Available for Sale Securities $548,184

Cr Cash $548,184

30-Jun

Dr Cash $9,113

Cr Dividend Revenue $9,113

31-Dec

Dr Securities Fair Value Adjustment $39,156

Cr Unrealized Holding Gain $39,156

2.1-Jan

Dr Investmeht in Nadal Corp. $81,750

Cr Cash $81,750

15-Jun

Dr Cash $7,900

Cr Investment in Nadal Corp. $7,900

31-Dec

Dr Investment in Nadal $29,000

Cr Revenue from Investment in Sub $29,000

Explanation:

1.Preparation of all the necessary journal entries for 2019

18-Mar

Dr Available for Sale Securities $548,184

Cr Cash $548,184

(13%*301,200*$14)

(To purchase 10% of Ramirez Fashion)

30-Jun

Dr Cash $9,113

Cr Dividend Revenue $9,113

(13%$70,100)

(To record a 13% dividend revenue $70,100)

31-Dec

Dr Securities Fair Value Adjustment $39,156

Cr Unrealized Holding Gain $39,156

[($15-$14)*13%*301,200]

(To adjust securities to FMV in an Equity account)

2.1-Jan

Dr Investmeht in Nadal Corp. $81,750

Cr Cash $81,750

(25%*32,700*$10)

(To purchase 25% of Nadal Corp.)

15-Jun

Dr Cash $7,900

Cr Investment in Nadal Corp. $7,900

(25%$31,600)

(To record cash dividend of $31,600)

31-Dec

Dr Investment in Nadal $29,000

Cr Revenue from Investment in Sub $29,000

(25%*$116,000)

(To record 25% revenue of $116,000 from Nada)

7 0
3 years ago
cite three real life situations where quadratic equations are illustrated. Formulate quadratic equations out of these situations
NISA [10]

Answer:

I want to know the sides of a pizza if the width is 9 inches larger than the height and the area is 250 squared inches.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

Explanation:

To solve this you just have to think on the unknown value and represent it as "X" in the first problem we do not know the length or width but we have a values given between them, so if "x" is the height then the width becomes "x+9" so those two values multiplied become the area.

x(x+9)=250\\x^{2} +9x=250\\x^{2} +9x-250=0\\

With this you just keep solving the others.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

2m as an area and the height is "x"

x(x+-5)=2\\x^{2} +.5x=2\\x^{2} +.5x-2=0\\

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

57,600 is the area and width will be "x"

x(x+200)=57,600\\x^{2} +200x=57,600\\x^{2} +200x-57,600=0\\

7 0
3 years ago
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