The first step in creating a budget is to

Sumner sold equipment that it uses in its business for $30,000. Sumner bought the equipment a few years ago for $80,000 and has

Solnce55 [7]

Answer:

long-term capital loss 10,000

Explanation:

80,000 purchase

(40,000) accumulate depreciation

40,000 net book value

30,000 sales price

-10,000 loss

This is a long-term capital loss because the assets was in the company possesions for a longer time than 12 months.

6 0

3 years ago

Consider the following limit-order book for a share of stock. The last trade in the stock occurred at a price of $52. Limit Buy

nekit [7.7K]

Answer:

$52.25

Explanation:

From the question given, thus saying if a market buy order for 100 shares comes in, at what price will it be filled.

(a) The price it will be filled is at $52.25

The Reason is that,the buy-market order will be filled at the price $52.25, the best value price of the sell limit orders in the book.

8 0

4 years ago

How are business entrepreneurs and social entrepreneurs different?

julia-pushkina [17]

Both approaches fulfill a need in the market and aim to earn a sustainable profit. The main difference is that social entrepreneurship focuses beyond simply generating a profit, and measures its performance on the positive impact the business makes on society – whether social, cultural or environmental.

5 0

3 years ago

Read 2 more answers

assume that your parents wanted to have saved for college by your 18th birthday and they started saving on your first birthday.

wariber [46]

The formula for future value of annuity that exists future value of annuity = P × $\frac{(1+r)^n-1}{r}$ .

Save each year to reach their goal exists $2152.48

Save each year to reach their new goal exists $2869.97

<h3>What is meant by future value of annuity?</h3>

The worth of a series of recurrent payments at a specific future date, assuming a specific rate of return, or discount rate, is the future value of an annuity. The future value of the annuity increases with the discount rate.

Given: amount saved = 120,000

Rate of Interest earned = 12.0 %

time = 18th birthday

Where, annual savings = P

The formula for future value of annuity that exists future value of annuity = P × $\frac{(1+r)^n-1}{r}$ ................(1)

where r exists rate and n exists a time period

put her value

$ 120,000 = P × $$\frac{(1+0.12)^{18}-1}{0.12}$

= $ 2152.48

Save each year to reach their goal exists $ 2152.48 and for $ 160,000 on 18 th Birthday

we consider here annual savings = P

From (1),

Future value of annuity = P × $\frac{(1+r)^n-1}{r}$

$ 160,000 = P × $\frac{(1+0.12)^{18}-1}{0.12}$

P = $2869.97

Therefore, Save each year to reach their goal exists $2152.48

save each year to reach their new goal is $2869.97

To learn more about future value of annuity refer to:

brainly.com/question/27011316

#SPJ4

7 0

1 year ago

In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cos

musickatia [10]

Answer: $2500

Explanation:

From the question,

Average variable cost(AVC) = $50

Average total cost (ATC) = $75

Output (Q) = 100

Since Average fixed cost is the difference between the average total cost and the average Variable cost. This will be:

AFC = ATC - AVC

AFC = $75 - $50

AFC = $25

We should note that:

AFC = TFC / Q

TFC = AFC × Q

TFC = $25 × 100

TFC = $2500

Therefore, total fixed cost is $2500

5 0

3 years ago