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lesya [120]
3 years ago
12

Testbank Multiple Choice Question 122 On January 1, 2012, Bramble Corp. purchased for $768000, equipment having a useful life of

ten years and an estimated salvage value of $36000. Bramble has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2020, the equipment was sold for $137500. As a result of this sale, Bramble should recognize a gain of
Business
1 answer:
-BARSIC- [3]3 years ago
7 0

Answer: $28,300

Explanation:

The gain that Bramble will recognize will goes thus:

First and foremost, we have to calculate the accumulated depreciation on the equipment and this will be:

= (768,000 - 36,000)/10 x 9

= 658,800

After that, we would find the value of the net Bmbook value on Dec 31, 2020 and this will be:

= 768,000 - 658,800

= 109,200

The gain will then be:

= Sales value - Net book value

= 137,500 - 109,200

= 28,300

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As an elected official, you have been informed that real gdp is below its potential and that action should be taken to encourage
il63 [147K]

To find the answer, we first calculate the multiplier.

By using the equation,

ms= 1 ÷ (1 – MPC)

MPC = marginal propensity to consume = 0.8

ms= 1 ÷ (1 – MPC) = 1 ÷ (1 - 0.8)

= 5

Thus, the multiplier is 5.

An increase in government spending = $600 billion

Now, multiplied $600 billion by the multiplier, which is 5.

$600 billion x 5

= $3,000

Thus, the answer is $3,000 billion increase in real GDP.

6 0
3 years ago
Ideally, in effective marketing planning, goals should be _____ in terms of what is to be accomplished and when.
mixas84 [53]

Answer:

The answer is quantified and measurable.

Explanation:

Goals need to be quantified and measurable in effective marketing planning. To determine what needs to be accomplished and when, we must put figures to it. This makes performance measurement easier where variances at the end can be analysed.

For example, one of the marketing goals for bank A might be to onboard 100 new customers every month for a year after the launching of its new mobile app.

This example is quantified and can be measured every month.

8 0
4 years ago
Assuming all APRs equal, the effective interest rate on a loan is highest when:
arlik [135]

Answer:

Points are charged and the loan has a 30 year maturity but prepaid in five years

Explanation:

When you purchase points to lower your monthly mortgage payments, the bank (or lender) sell them calculating a 30 year payment schedule. If you pay the loan in a shorter period, it means that the points were sold at a very high price o you actually end up paying higher effective interest rate. That without even considering any possible prepayment penalties. But sometimes knowing that your mortgage is paid lowers your stress and it may be worth it from a personal (not financial) point of view.

5 0
4 years ago
Kurt's Cabinets is looking at a project that will require $80,000 in fixed assets and another $20,000 in net working capital. Th
AveGali [126]

Answer:

d. $33,000

Explanation:

The computation of the operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,  

EBIT = Sales - cost of good sold - depreciation expense  

= $110,000 - $70,000 - $20,000

= $20,000

The depreciation expense would be

= (Original cost - residual value) ÷ useful life

= ($80,000 - $0) ÷ 4

= $20,000

And the income tax expense equal to

= EBIT × tax rate

= $20,000 × 35%

= $7,000

Now put these values to the above formula  

So, the value would equal to

= $20,000 + $20,000- $7,000

= $33,000

4 0
3 years ago
That means you in the ugly coat!!!<br> freee brain
wariber [46]

Answer:

huh

Explanation:

this is free points or question

6 0
3 years ago
Read 2 more answers
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