14) A firm's internal business environment does NOT include its _______

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement

DedPeter [7]

Answer:

Detailed Question lifted from google: 

Use the information presented below for Chambersburg Corp for 2017 and

2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement is most likely true concerning transactions that must have occurred during the period?

a. Chambersburg also purchased additional equipment during the year.

b. The selling price of the equipment sold was reported with net sales.

c. The equipment that was sold had a book value of $12,500.

d. The equipment sold had not been reported with Chambersburg's property, plant and equipment.

The only applicable answer based on the question is A, Chambersburg also purchased additional equipment during the year.

Explanation:

A. Between 2016 and 2017 Property, plant, and equipment increased by $60,000 (which is $250,000 minus $190,000)

B. Between 2016 and 2017 Depreciation expense on Property, plant, and equipment increased by $15,000 (which is $62,500 minus $47,500)

Meaning attributable depreciation to the new addition to PPE of $60,000 is actually $15,000.

3 0

3 years ago

4.An important feature of a is that the holder has the right, but not the obligation, to buy or sell currency.(a)swap(b)foreign

Ratling [72]

Answer:

(c) Foreign exchange option

Explanation:

Derivatives refer to those securities whose value is derived from the underlying asset. Examples being currency derivatives, commodity derivatives, etc.

Foreign exchange option refers to a derivative instrument whereby the holder has the right but not the obligation to buy or sell a currency at a future date at a predetermined rate fixed today.

In a call option, the holder has the right but not the obligation to buy a currency while in a put option the holder has the right but not the obligation to sell a currency.

The predetermined price at which the holder can buy or sell a currency is referred to as the strike price or exercise price.

5 0

2 years ago

Your company incurs a cost for factory rentfactory rent, which, in the short run, is fixed. What happens to this cost in the

mixas84 [53]

Answer:

A. becomes a variable cost

Explanation:

Fixed costs are the expenses that remain constant in a period. During the period under review, fixed costs do not change regardless of the level of output. Fixed costs are mostly made up of overheads such as rent , depreciation, and administrative salaries.

Fixed cost remains constant in a particular financial year. In the long run, business budgets and projections tend to change, resulting in changes to the fixed cost. In other words, in the long run, fixed costs will change. Therefore, in the long run, all costs are variable expenses.

5 0

2 years ago

B. Aids to trade

storchak [24]

Answer:

Is development bank is building is real me its apply

5 0

2 years ago

If you need tutor I'm here i tutor for 1-6th grade

BARSIC [14]

Answer:

ok thank you I will keep you in mind

7 0

3 years ago

14) A firm's internal business environment does NOT include its ________.