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astraxan [27]
2 years ago
6

A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. As

suming a trade-in allowance of $3,000, the recognized loss on the trade is
Business
1 answer:
Ivahew [28]2 years ago
8 0

Answer:

1,500

Explanation:

The fixed assets cost is $41,000

The accumulated depreciationn is $36,500

Similar assets was priced at $36,000

Trade in allowance is $3000

Therefore the recognised law on trade can be calculated as follows

41,000-36,500-3,000

= 1,500

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California has an average rainfall of 3 inches for the month of January. This year California had over 12 inches, which is equiv
crimeas [40]
Does not belong in high school
12/3 = 4 
we - 1 because 3 inches annually (100% increase would mean 6 inches)
300% increase


8 0
3 years ago
____ cards contain a chip that can store a large amount of information as well as on a magnetic stripe for backward compatibilit
trasher [3.6K]

Answer:

(B)

Explanation:

Europay, Mastercard , Visa (EMV) is a payment method based upon technical standard for smart card payments or ATMs that accept them.

These are smart cards (also referred to as chip cards) that are capable of storing large amount of information and also include a magnetic stripe at the back for backward compatibility.

Smart cards can serve as credit or ATM cards, fuel cards, mobile phone SIMs  etc. Smart card chip can be loaded with funds and can be used for paying parking meters, vending machines or merchants.

4 0
3 years ago
Closing entries transfer the balances of all temporary accounts (revenues, expenses, and dividends) to the Common Stock account.
qaws [65]

Answer:

False

Explanation:

False because the income, expenses accounts are closed to profit and loss account or income summary.

they are closed by transferring the  credit balances in revenue a/c and debit balnace in expenses a/c to clearing account income summary.

The assets and liabilities , common stock, equity account are not closed.

3 0
3 years ago
The new bridge would require 14 piers to support it and it was known that each time a pier is sunk into the harbor it would take
Sergeu [11.5K]

Answer:

$21,000

Explanation:

The new bridge would take 30 man hours of labor at $50 per hour, in activity based costing, this means that ,

30*50 = 1500.

Now, it will require 14 piers to support it each time a pier is sunk into the harbor,hence the final calculation will be:

30*50*14 = 21000.

Hope this Helps.

Goodluck.

6 0
2 years ago
Auagaa474 Corporation had sales of $491,300 and average operating assets of $289,000 for the past period. What is the margin tha
astra-53 [7]

Answer:

16%

Explanation:

Calculation for the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2%

First step is to calculate the Turnover using this formula

Turnover = Sales ÷ Average operating assets

Let plug in the formula

Turnover= $491,300 ÷$289,000

Turnover=1.7

Now let calculate the margin using this formula

ROI = Margin × Turnover

Let plug in the formula

27.2% = Margin × 1.7

Margin = 27.2% ÷ 1.70

Margin=0.16*100

Margin= 16%

Therefore the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2% will be 16%

8 0
3 years ago
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