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Ivanshal [37]
3 years ago
13

Anderson Company sold a piece of equipment for $36,500 cash on December 31 (after recording the annual depreciation entry for th

e asset). The equipment had an original cost of $97,500 and accumulated depreciation at the time of the sale was $63,000. Prepare the journal entry to record JUST the sale (disposal) of the asset (depreciation entry has already been made).
Business
1 answer:
wolverine [178]3 years ago
7 0

Answer:

A+Hulp and sop kop 34 hip

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Speculative investments are which of the following?
gtnhenbr [62]

Answer:

d- high risk

Explanation:

A speculative investment is characterized by a high risk of losing its value but offers the possibility of high return. An investor will buy the investment to profit from market value changes. A speculator is an investor who engages in speculative business.

A speculator's motive is to profit in the short run from an asset. He or she is not concerned by the fundamental value of the asset, only its price volatility. Dividends or interest other financial indicators of an asset are the least of his or her concerns. A speculator focuses on the expected future price of the asset.

Speculative investments happen in real estate markets, currencies, stocks, and commodity futures.

6 0
4 years ago
Suppose the price elasticity of supply has been calculated as 0.80 for a particular product and the price increases by 5%. What
Digiron [165]

When price increases by 5%, quantity supplied increases by 4%.

<h3>What is the change in the quantity supplied?
</h3>

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. There is a positive relationship between price and quantity supplied

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

0.80 = percentage change in quantity supplied / 5%

percentage change in quantity supplied = 5% x 0.80 = 4%

To learn more about the price elasticity of supply, please check: brainly.com/question/13017816

#SPJ1

5 0
2 years ago
Consumer mobility refers to the idea that consumers like to find the same products everywhere. An example of a company that sell
dedylja [7]

Group of answer choices.

a. McDonald's Restaurants.

b. Intercontinental Hotels.

c. Fuji Film.

d. All of the above

e. None of the above

Answer:

d. All of the above

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Consumer mobility can be defined as an idea or situation in which consumers of goods and services like to find the same products they have interest in everywhere i.e across the world.

In this context, some example of a company that sells its products everywhere in the world due to the fact that its customers are found all over the world are: McDonald's Restaurants, Intercontinental Hotels, Apple Inc., Microsoft Inc., and Fuji Film.

8 0
3 years ago
"Listed as follows are eight events or transactions of Lone Star Corporation. a. Made an adjusting entry to record interest on a
Darina [25.2K]

Answer:

The reasons for each of the given transactions are mentioned below.

Part a.  

Interest accrued on notes payable increase the current liabilities as well as interest expense for the period whereas net income and owner's equity are decreased with the same. However, revenue and assets are not affected.

Part b.  

The current liabilities for the interest-bearing installment note payable and cash as asset decreased as well as net income and owner's equity also decreased. However, interest expense for the period is increased whereas revenue not affected.

Part c.

The payroll expense for the period as an expense and payroll tax payable including employees amount withheld as current liability increased. Net income for the period and cash as asset decreased. However, revenue and long-term liabilities are not affected.

Part d.

In the given case, the notes payable which were originally issued for 24 months such as long-term liabilities came within the 12 months of the maturity date. Therefore. the long-term liabilities decreased and current liabilities increased. All other items are unaffected.

7 0
4 years ago
Read 2 more answers
The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance
Hitman42 [59]

$504000 is the actual return

<u>Explanation:</u>

particulars                           calculation Amount

Service cost                                         700000

Interest cost                     600000 * 8 \%        480000

Less: Expected return 10 \% * 5760000    576000

Prior service cost                                    48000

Net loss                                                     30000

Pension expense                                       682000

Therefore, the pension expense is $682000

<u>The computation is as follows for the calculation of return (in $000’s) </u>

<u>Plan assets </u>

Beginning = $5760

Actual return = ?

Cash contributions = 696

Less: Retireee benefits = (624)

Ending balance = $6336

Thus after solving this, we get the actual return that is equal to = $504,000

5 0
3 years ago
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