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A machine was purchased at a cost of $78,000. The equipment had an estimated useful life of five years and a residual value of $

KiRa [710]

Answer:

Loss on Sale of Equipment = $10,000.

Explanation:

The gain or loss on sale of Property, plant, and Equipment is calculated by comparing Carrying Value (Cost - Accumulated Depreciation) and Sale Proceeds. The carrying value of a machine at the end of 4th year is:

CV = 78,000 - { [ (78,000 - 3,000) / 5 ] * 4} = 78,000 - 60,000 = $18,000.

<u>Calculating Gain/Loss:</u>

Gain / (Loss) = Carrying value - Sales Proceeds = 18,000 - 8,000 = ($10,000).

Because the company has sold a machine worth of $18,000 for $8,000, so it has incurred a loss of $10,000 on the transaction. This loss is recognized in the Statement of Profit or Loss.

6 0

2 years ago

Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login

Tasya [4]

Answer:

1. The relationship between customer and Online - One to one

2. The relationship between customer and Satisfaction - One to many

3. The relationship between online and visits - Many to many

4. The relationship between Visits and satisfaction - Prototype

Explanation:

The relation ship with customer is often one to one. The customers are required to fill the satisfaction surveys which enable the business to understand their value in the eyes of its customers and try to improve their level of service to their customers. The customer satisfaction is important for any business as the satisfied customer may bring more customers.

5 0

2 years ago

Match the term or phrase with its best descriptor.Maximum sustainable yieldA. available biomass of a target speciesB. incidental

ArbitrLikvidat [17]

Answer: Option C

Explanation: The best descriptor for the term maximum sustainable yield would be "maximum catch without reducing the population of target species". The maximum level at which the natural resources can be exploited without having any serious threats to the future is called sustainable yield. So as per this case sustainable yield is the extent of hunting a species that fulfills the requirement of today and does not threat the future needs.

7 0

2 years ago

The project represented by this resource load chart has a maximum limit of 6 units of resource activity in any day. The first ac

Charra [1.4K]

Complete Question:

The project represented by this resource load chart (see attached) has a maximum limit of 6 units of resource activity in any day. The first activities that are strong candidates for shifting are:

A) Activity A

B) Activities B and C

C) Activities D and E

D) Activity E and F

Answer:

The first activities that are strong candidates for shifting are:

C) Activities D and E

Explanation:

Activities D and E have a total time of 5 days altogether based on the attached resource load chart. They have the least time and can be shifted to accommodate other activities before they can be tackled sequentially.

A resource load chart displays the total amount of resources required as a function of time in any given project. It is the best method for establishing the existence of some resource conflicts across project activities, especially when compared to Gantt Charts, Network Diagrams, and Pareto Diagrams.

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4 0

3 years ago

Currency held outside banks is $200 billion, money market mutual funds (retail) are $10 billion, small-denomination time deposit

ratelena [41]

Answer:

M2 = $470 billion.

Explanation:

M2 = Currency + Money market mutual fund + Time deposits + Saving deposits

M2 = 200 billion + 10 billion + 40 billion + 220 billion

M2 = $470 billion.

M2 is a calculation of the money supply that includes all elements of M1 as well as "near money"

3 0

2 years ago