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Korolek [52]
3 years ago
13

On October 28, 2018, Mercedes Company committed to a plan to sell a division that qualified as a component of the entity accordi

ng to GAAP regarding discontinued operations and was properly classified as held for sale on December 31, 2018, the end of the company's fiscal year. The division's loss from operations for 2018 was $1,900,000. The division's book value and fair value less cost to sell on December 31 were $2,900,000 and $3,600,000, respectively. What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2018 income statement
Business
1 answer:
Semenov [28]3 years ago
3 0

Answer:

Check the explanation

Explanation:

Before-tax amount <u><em>(PBT which is the evaluate of an organization’s productivity and profitability that looks at the profits made before any tax is paid)</em></u> of Mercedes should be reported as loss on terminated operations in its 2016 income statement:

$1,890,000 loss will be from operations only. There will also be no impairment loss.

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Congressman Smith and Congresswoman Johnson both consider themselves advocates for the national parks and are introducing differ
Hunter-Best [27]

Answer:

Congressman Smith's bill because it will reduce the overuse of the parks

Explanation:

When people use the park, their activities are more likely to create some sort of degradation to the parks quality. For example, children can spoil their drinks and foods there, pulling out the grass, destroying the land while playing sports, etc.

As the price of a certain product increase, the demand for that product would decrease. Increasing the entrance fees will lead  lesser amount of people who enter the park. This will minimize the degradation process

6 0
3 years ago
EarlKeen Co. sold $260,000 of equipment during January under a one-year warranty. The cost to repair defects under the warranty
igomit [66]

Answer:

warranty expense 10,400 (260,000 x 4%)

          warranty liablity  10,400

warranty liability   150

          wages payable  50

         inventory            100

Explanation:

we recognize the expected warranty expense at the moment of the sale.

Then expenses associate with the warranty will decrease the prevision "warranty liability"

The part used come from the company's inventory

and the wages for work on the product, will have to be paid.

<u>Note: </u>it could be cash directly instead of using wages payable account. But because there is no information about those wages being paid I assume are not.

3 0
3 years ago
The demand for labor curve shows:a. an inverse relationship between the real wage and the amount of laborhired.b. a positive rel
ankoles [38]

Answer:

The correct answer here is d.

Explanation:

Real wage is the nominal wages adjusted for price changes. It reflects the purchasing power earned by the workers.

There will be a direct and positive relationship between real wages and number of workers who are willing to work. This means when there is an increase in the real wages, more workers will be willing to work because they will be earning more. Reverse will be the situation in case of reduced real wages.

4 0
3 years ago
Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.
Vikki [24]

Answer:

Appropriate Terminology

a. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct -------- using the data provided.

bar chart or histogram

b. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a -------- would be more appropriate.

table

Explanation:

A bar chart or graph represents categorical data with rectangular bars.  It can be used to visualize data distributions, compare data groups, and to track periodic changes in data.  Tables are versatile organization tools that can communicate information with or without the use of other graphical tools.

4 0
2 years ago
If you see the question go search this song no lo hice bien it hit diffrent
dusya [7]

Answer:

ok

Explanation:

5 0
3 years ago
Read 2 more answers
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