Answer:
The amount of gain or loss should be recorded on this exchange: b. $8,000 gain
Explanation:
Book value of the old sailboat = old sailboat's cost - accumulated depreciation = $110,000-$22,000 = $88,000
Trade-in allowance of the old sailboat - Book value of the old sailboat = $96,000 - $88,000 = $8,000 >0
Hunter Sailing Company only paid $28,000 in addition to the old sailboat to acquire the new sailboat.
Therefore, the company should record gain on this exchange of $8,000
Answer:
an emerging business opportunity for several companies.
Explanation:
China is a developed nation with so many businesses that cut across the world. The country is filled with entrepreneurs who are constantly seeking to expand their horizons through collaboration with other nations.
Entrepreneurs who are seeking better ways to do business or the latest technologies to deploy in their businesses can benefit by collaborating with China.
Answer:
battery
Explanation:
Based on the information provided within the question it can be said that If Gordie sues Claude, Claude would be guilty of battery. In the context of criminal behavior, Battery refers to the crime of being aggressive and making contact with another person, with or without his or her consent. It is a type of assault charge but the person must have made physical contact with the victim.
If a computer virus spreads rapidly through a company's computer system and threatens to shut down all internal and external lines of communication, the company will likely put a contingency <span>plan into effect.
</span>A contingency <span>plan is part of the risk management that deals with risks that</span> have catastrophic consequences. In this case the computer virus is a risk with catastrophic consequences: shut down communication.
Answer:
The expected gain per policy for the insurance company is $80
Explanation:
According to the given data we have the following:
Outcome death No death
Net gain $-9900 $ 100
Probability 0.002 0.998
Therefore, in order to calculate the expected gain per policy for the insurance company we would have to calculate the following formula:
Expected Gain = (-$9900)*(0.002)+($100)*(0.998) = -19.8+99.8= 80
Expected Gain=-$19.8+$99.8=
Expected Gain=$80
The expected gain per policy for the insurance company is $80