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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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Williams Alternative Power, Inc., a company developing solar panels, has done considerable research and limited production durin
Juli2301 [7.4K]

Answer:

greatly increased.

Explanation:

IPO refers to Initial Public Offering which is what new companies begin to do by offering initial shares of the company in order to raise money. This being said we can say that at this stage of its life cycle, its ability to attract venture capital is greatly increased. This is because Venture Capital are private equity from a large number of firms looking to invest in new companies with very high growth potential for the future.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
4 years ago
Read 2 more answers
Last Word"Patent trolls:"
Setler [38]

Answer:

b. buy up patents in order to collect royalties and sue other companies.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Patent trolls buy up patents in order to collect royalties and sue other companies. This ultimately implies that, patent trolls are individuals or companies that are mainly focused on enforcing patent infringement claims against accused or potential infringers in order to win litigations for profits or competitive advantage.

<em>Hence, patent trolls are not interested in using the patent to produce new products or be innovative, rather they are for profits, licensing fees or to stifle competition. </em>

5 0
4 years ago
A bank has $132,000 in excess reserves and the required reserve ratio is 11 percent. This means the bank could have __________ i
OLga [1]

Answer:

$14,520 in check-able deposit liabilities and $117,480 in total reserves.

Explanation:

The bank has $132,000 in excess reserves and excess reserves ratio is 11%. The bank will have total reserves of $132,000 * 89% = $117,480. The total liabilities will be equivalent to the excess reserves which is $14,520 [$132,000 - $117,480].

4 0
3 years ago
Chester currently has $19,378 (000) in cash and management has decided to issue stocks and bonds worth an additional $8,000 (000
Archy [21]

Answer:

correct option is a. Retiring the oldest bond

Explanation:

given data

currently cash = $19,378 (000)

issue stocks and bonds = $8,000 (000)

to find out

which activity exposes to the most risk of being issued an emergency loan

solution

we know that here generally firm issue bonds to rise funds and bonds is debt for company

firm pay dividend on bond and firm have ability to pay dividend for reflect financial position but when any shortage in cash that time it leads to short term emergency loans

entire inventory liquidating will lead additional cash so that no need of loan and any item and equipment is company choice that is not compulsion so no need emergency loans

so we can say that here correct option is a. Retiring the oldest bond expose company to most risk being issue emergency loan

5 0
4 years ago
What does it mean if your net assets increase
Bad White [126]
When a company earns income, it becomes larger because net assets have increased. Even if a portion of the profits is later distributed to shareholders as a dividend, the company has grown in size as a result of its own operations.
5 0
3 years ago
Read 2 more answers
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