1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
larisa86 [58]
3 years ago
8

Mercury Company reports depreciation expense of $56,000 for Year 2. Also, equipment costing $189,000 was sold for its book value

in Year 2. There were no other equipment purchases or sales during the year. The following selected information is available for Mercury Company from its comparative balance sheet. Compute the cash received from the sale of the equipment
Business
2 answers:
densk [106]3 years ago
8 0

Answer:

Hi, the information you have provided has missing important information.

However relevant detail to tackle the question is provided as follows:

Prepare the <em>Equipment Disposal T - Account </em>and use it to find the missing balance.

Debit :

Cost                                        $189,000

Profit on Disposal                       xxxx

Credit:

Accumulated Depreciation   $112,000

Loss on Disposal                       xxxx

Cash (Balancing figure)         $ xxxx

The Cash received from the sale of the equipment is provided as a <em>balancing figure</em> for this account.

Alex73 [517]3 years ago
5 0

Hi, your question information is incomplete

For computing the cash received, first, we have to find the balance of accumulated depreciation but incomplete question information will not allow to do so.

You might be interested in
Mammoth Foods, a major agricultural corporation, recently purchased MJS Organic Foods Co. MJS was established six years ago and
Alexandra [31]

Incomplete question. The option read;

A) star

B) cash cow

C) dog

D) problem child

E) top gun

Answer:

<u> A) star</u>

Explanation:

Note, the Growth-Share Matrix is designed to assist companies in determining which among their investment portfolio is worth directing resources and capital into and that would be most profitable. It is represented in four quadrants.

Among all the quadrants, the Star quadrant is meant for investments with great future potential. We could recall that there's a positive projection for MJS, it was said that the<em> "fruit market is expected to have a double-digit growth rate over the next decade." </em>Hence,  MJS would most likely be classified as a star.

7 0
3 years ago
Which of the following firms has a high-performance culture? a. Rexot Bron Inc., a start-up firm that neither focuses on achievi
dsp73

Answer:

"C"

Explanation:

A high performance culture is a set of laid down rules (culture ) that an organization observe to achieve outstanding results (performance ) with the primary aim of getting an edge over competitors. It guides the daily activities of employees.

The four major attributes of a high performance culture are Strong leaders , employees involvement , continuous learning environment and flexibility  .

The corporate values of the organization is paramount and every action must be directed towards its achievement.                                                                                                                                      

3 0
3 years ago
In the ________ component of SCM, supply chain managers must create a responsive and flexible network to support customers who h
Anastaziya [24]

Answer:

Return

Explanation:

Supply chain management (SCM) is the management of interconnected activities involved in movement and storage of raw material, work in progress and finished goods. The process is used to check if supply chain activites are working smoothly or not, also, is it cost effective or not?. SCM follow basic five component:

  1. Plan
  2. Develop
  3. make
  4. Deliver
  5. Return.

Return is a stage where supply chain managers must create a responsive and flexible network to support customers who have problems with delivered products.

8 0
3 years ago
If Suzette responds to an increase in the interest rate by decreasing her saving, then, for Suzette, Select one: a. consumption
Ilia_Sergeevich [38]

Answer:

b. the increase in the interest rate creates an income effect that is greater than the substitution effect.

Explanation:

Interest rate can be regarded as amount that is been charged by lender for using an assets, this asset could be cash, goods, and this is usually display as a percentage of the lent principal.

The income effect gives shows how increased purchasing power can impact consumption, substitution effect on other hands, shows how changing relative income as well prices impact consumption. Both economics concepts give expression of changes that occur in the market as well as how this changes impact consumption patterns as regards consumer goods and services.

It should be noted that the increase in the interest rate creates an income effect that is greater than the substitution effect.

8 0
3 years ago
Two firms, A and B, each currently dump 50 tons of chemicals into the local river. The government has decided to reduce the poll
vitfil [10]

Answer:

d. Firm A will spend $4,000.

Explanation:

Since Firm B cost of Cleanup before it gets the the river is less than the cost of pollution permits, it will choose to clean up its pollution.

However, since Firm A cleanup cost per ton ($100) is greater than the cost of the pollution permit, it will choose to buy permits.

Maximum Allowable Number of Permits=40

Therefore, Firm A will clean up 10 Tons and dump 40 Tons of Waste.

Cost =(10 Tons *$100)+(40 Tons * $75)

=$(1000+3000)

=$4000.

Firm A will spend $4000.

4 0
3 years ago
Read 2 more answers
Other questions:
  • The impact of increasing, as opposed to constant, costs is to Multiple Choice expand the limits of the terms of trade. intensify
    7·1 answer
  • A bank sent out questionnaires to a simple random sample of customers asking whether they would like the bank to extend its hour
    5·1 answer
  • Stock Investment Transactions On September 12, 2,000 shares of Aspen Company were acquired at a price of $50 per share plus a $2
    9·1 answer
  • The purchasing agent of an organization acquired some raw materials at a bargain price, even though she knew that their quality
    9·2 answers
  • If you like working with others and persuading them to see your point of view you have a ? personality
    7·1 answer
  • It will take Cody 3 months to save up enough money to purchase a stereo. He has a credit card with a 12% interest rate. Cody’s f
    12·2 answers
  • In early January, Burger Mania acquired 100% of the common stock of the Crispy Taco restaurant chain. The purchase price allocat
    6·1 answer
  • An employee can legitimately claim the following exemptions:
    15·1 answer
  • In companies that do not have "no lay-off" policies, the total direct labor cost for a budget period is computed by multiplying
    10·1 answer
  • . Empirical estimates suggest the following price elasticity of demand: 0.6 for Coca Cola; 4.0 for foreign vacation travel; and
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!