Based on the information given for Server Company, the machine will be valued a<u>t $42,000 </u>and the machinery account will be credited.
<h3>What would be the value of the machine?</h3>
The machine was sold on January 1, 20X9 and at that point, the accumulated depreciation was $28,000.
The value of the machine was therefore:
= Cost of machine - Accumulated depreciation
= 70,000 - 28,000
= $42,000
Find out more on accumulated depreciation at brainly.com/question/1287985.
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Answer: decrease tax revenue
Explanation:
A trade deficit occurs when the import of a country's is more than the export of the country for a given period of time period. The main cause is when there's an imbalance between the savings of a country and the investment rates.
In this case, financing the deficit will lead to the reduction in the tax revenue. When part of the tax revenue gotten from economic agents are used in the finance of the deficit, there'll be a reduction in the tax revenue.
Answer:
1. Betty ; 2. Betty ; 3. Candies
Explanation:
Absolute Advantage is when one can produce more output of a good per unit of input , comparatively than other .
Comparative Advantage is when one can produce a good's output by comparatively lesser opportunity cost (other good sacrifised) than other .
AI : Chocolates = 10 , Candies = 5
Betty : Chocolates = 30 , Candies = 10
As it can be seen : Betty can produce both of more - chocolates (30) & candies(10) than AI (10,5) . So, it has Absolute Advantage in both - Candies & Chocolates.
However, AI is twice more productive in chocolates than toffees (10,5) ; but Betty is thrice more productive in chocolates than toffees (30,10). Comparatively, Betty is more productive in Chocolates. So opportunity cost of Chocolate in terms of sacrifised toffees is less for Betty 0.33 (10/30) than AI 0.5 (5/10).
So, trade between them would be : Betty selling its comparative advantage good Chocolate , AI selling its less comparative disadvantage good Candies.
Solution :
Transaction The General Journal Debit Cash
1 a Cash 3,000,000
Notes payable 3,000,000
2 b Equipment 90,000
Cash 90,000
3 c Inventory 37,000
Accounts payable 37,000
4 d Repair expense 59,000
Cash 59,000
5 e Cash 368,000
Unearned pass revenue 368,000
6 f(1) Accounts receivable 570
Ski shop sales revenue 570
7 f(2) Cost of goods sold 310
Inventory 310
8 g Cash 273,000
Lift pass revenue 273,000
9 h cash 2,200
Unearned rent revenue 2,200
10 i Accounts Payable 18500
Cash (37,000/2) 18500
11 j Cash 470
Accounts receivable 470
12 k Salaries expense 263,000
Cash 263,000
The accounts receivable balance = 1000 + 570 - 310
= 1260
Could it possibly be life insurance?? I mean I'm not bad at business but I'm not great
