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lukranit [14]
3 years ago
11

Hollyfield Corporation sold a piece of equipment on September 30, 2018 for $201,000 cash. The equipment had been purchased on Ja

nuary 1, 2012 for $450,000. It had an estimated useful life of 10 years and a $50,000 residual value. Hollyfield Corp. has been using the straight-line method of depreciation and has a year-end of December 31st. Compute the gain or loss on disposal.
Business
1 answer:
PilotLPTM [1.2K]3 years ago
6 0

Answer:

$2,000

Explanation:

the gain or loss on disposal is

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Woodruff Inc. offers you a project that will pay you $17,000/year. If the cost of this project is $100,000, and the discount rat
otez555 [7]

Answer:

The length of time = 12 years

Explanation:

<em>The number of years the case would be determines the length time it takes the present value of  annuity of 17,000 to equate the initial cost </em>

Initial cost = A× (1- (1+r)^(-n)/r =

A- 17,000, r- 13%, n - ?

So we will need to work out the value of " n"

100,000 = 17,000 × 1- 1.13^(-n)/0.133

100,000/17,000 =1- 1.13^(-n)/0.13

5.88235 ×0.13 = 1- 1.13^(-n)

n = 12

The number of years is approximately 12 years

The length of time = 12 years

3 0
3 years ago
Consider an economy with two firms and a government.
andriy [413]

Answer:

Step wise detailed solution is given below:

6 0
3 years ago
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Use the following classification to determine which category each of the following goods falls into. Goods Private Good Club Goo
jolli1 [7]

Answer:

swimming pool is public good. basketball court public good. museums with admission fee are club good, metered parking public good. flood control public good

Explanation:

4 0
3 years ago
Andrew Industries purchased $166,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
KatRina [158]

Answer:

$33,200= ending inventory

Explanation:

Giving the following information:

Andrew Industries purchased $166,000 of raw materials.

The beginning Raw Materials Inventory balance was $22,200, and the materials used to complete jobs during the month were $141,900 of direct materials and $13,100 of indirect materials.

To calculate the ending inventory, we need to use the following formula:

Raw materials used= beginning inventory + purchases - ending inventory

141,900 + 13,100= 22,200 + 166,000 - ending inventory

155,100= 188,000 - ending inventory

33,200= ending inventory

4 0
3 years ago
Which of the following firms is likely to have the greatest market power?A. a farmerB. an electric companyC. a local electronics
amid [387]

An electric company is like to have greatest market power.

Explanation:

An electric company falls under oligopoly market. An oligopoly market is that market that consist of few firms and large numbers of buyers. As a result the sellers have the power to change the price. Although if they increase  the price the customers will not be able to stop buying those goods.

Oligopoly market has the power to affect the demand as well as the supply . In case of market power the output reduces but there is no loss in economic welfare.

5 0
3 years ago
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