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leva [86]
3 years ago
13

On March 31, 2021, Top Notch Goods committed to a plan to sell machinery equipment. The machinery equipment was available for im

mediate sale, and an active plan to locate a buyer was initiated. The machinery equipment had been purchased on January 1, 2019, for $260,000. The machinery equipment had an estimated six-year service life and residual value of $20,000. The machinery equipment was being depreciated using the straight-line method. Top Notch Good's fiscal year ends on December 31.Calculate the equipment’s book value as of March 31, 2021By December 31, 2021, the machinery equipment has not been sold, but management expects that it will be sold in 2022 for $150,000. For what amount is the machinery equipment reported in the December 31, 2021, balance sheet?
Business
1 answer:
Vladimir [108]3 years ago
6 0

Answer:

$150,000

Explanation:

This machine is to be classified as an asset held for sale. The assets held for sake are carried on the Statement of Financial Statement at the amount lower of Fair Market Value and the Carrying Amount.

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Explain why e-Business scenarios are generally more complex than traditional business scenarios. Discuss the interrelationships
IRISSAK [1]

Answer:

The answer is because of the nature of each business and that is explained below.

Explanation:

On the one hand, when it comes to e-business scenarios the people who work in those places know that it is much more complex due to the fact that the managers are dealing with information that is wide range in terms of searching engine, clicks on the website, marketing approaches and more. The owners of this type of business must know how to work with all type of tools that could help the business grow and all that information can be difficult to read and to use sometimes due to the big changes that happen in the internet and in the general public movements every day that will affect your clientele.

On the other hand, the traditional business scenarios may be a little bit less complex due to the fact that they are workind with information that comes straight ahead from the sources, like sales and marketing campaign impacts and more. Therefore that this type of business use all the information that is has to keep the goals of the company at sight thanks to the organization that the managers have.

Finally, it is quite understood that the information technology will always be more difficult to manage in e-business becuase of all the variables and factors that influece the information and the decision making process of the company.

5 0
3 years ago
Underline all of the following costs that are included in the cost of land.
Vladimir [108]

Answer:

a) Removal of unwanted buildings

d) Brokerage commission

e) Survey fees and legal fees

f) Purchase price

4 0
3 years ago
What is a factor that increases the volatility of demand in industrial markets? Multiple Choice Professional buyers in the indus
emmasim [6.3K]

Answer:

Derived demand accelerates changes in markets.

Explanation:

Derived demand can be defined as the way in which the demand for a good or service tend to result from the demand for the related good or service and this occured when their is the demand for either good that are tangible or intangible goods where a market exists for both related goods and services.

In another word Derived demand occured in a situation where the demand for one good or service happens because of the want for another good or service Example is increase in the need for Shoes material or equipment because of the increase in the need for Shoes

because the factor of production by a company is dependent on the demand by consumers for the product produced by that company which is why the transition to become demand-driven is slowly occurring in many industries.

Hence, The factor that increases the volatility of demand in industrial markets is "Derived demand accelerates changes in markets"

8 0
3 years ago
Critical to any listing contract is the question of when the broker becomes entitled to a commission. Traditionally, the broker
LekaFEV [45]

Answer:

D

Explanation:

Based on the information provided within the question it can be said that the one exception to the broker being entitled to his/her commission would be If a contract is contingent upon the buyer obtaining financing and the buyer is unable to do so. This is because in this scenario if the buyer does not obtain the financing needed he is therefore unable to buy the property and the contract will become void.

6 0
3 years ago
Can someone help me please? I Attached the question.<br> THANKS!!
Rasek [7]

Answer:

The absolute reference is $D$2

The relative reference is A2

The Mixed reference is  $D2

Explanation:

The absolute reference is  identify when $ fixes the cell row and colum

The relative reference is that any colum or row can be altered and there is nothing fixed with $

The Mixed reference is  identify when $ either the cell row or colum

4 0
3 years ago
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