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Karolina [17]
3 years ago
11

A fixed asset with a cost of $31,588 and accumulated depreciation of $28,429.20 is sold for $5369.96. What is the amount of gain

or loss on disposal of the fixed asset
Business
1 answer:
Artist 52 [7]3 years ago
4 0

Answer:

$2,238.16

Explanation:

In the disposal of assets, gain or loss will be a comparison between the book value and the selling price.

Book value is the asset costs minus accumulated depreciation.

in this case, the book value will be

= Asset cost - Depreciation

= $31,588- $28,429.20

=$3,158.8 is the book value.

Gain or loss = selling price- book value

=$5,369.96 - $3,158.8

=$2,238.16

A gain of$2,238.16 will be gain from that sale.

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Anton [14]

Answer:

2. A supply chain is broader than marketing channel

Explanation:

A supply chain involves the process from getting raw materials, to producing the finished goods, to delivering the goods to the final customer.

A marketing channel deals specifically with the distribution of finished goods and services to specific times of customer, through particular means.

As can be seen from the definitions, a supply chain is broader than a makerting channel, because it involves other actions besides the distribution to the final customer (more specifically the previous ones: getting the raw materials, and transforming those raw materials into finished goods).

6 0
3 years ago
A(n) __________ is prepared as part of the human resource planning process, and indicates the characteristics and qualifications
Vesnalui [34]

Answer:

c. human resource inventory

Explanation:

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So according to the given situation, the characteristics and qualifications of the organization's labor force represents the human resource inventory

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3 years ago
Insetto Biological Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentsl
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Answer:

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Units in process= 5,600

Explanation:

Giving the following information:

Beginning inventory= 0

During​ January:

44,000 units started

30,000 completed

14,000 remained in the process

The ending inventory in the Mixing Department was 60% complete concerning conversion costs.

<u>To calculate the equivalent units under the weighted average method, we need to use the following structure:</u>

Weighted average:

Beginning inventory= 0

Units completed in the period= 30,000

Ending inventory WIP= 14,000*0.6= 8,400

Units completed= 38,400

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5 0
3 years ago
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Answer:

The correct answer is The Sale of Goods.

Explanation:

The sale of goods constitutes the action by which furniture and real estate, securities and securities are disposed of at a certain price.

For legal purposes, the sale originates through a contract known as a sale, under which a good or service is transferred to a foreign domain for a previously agreed price.

The contract of sale is composed of personal, real and formal elements in order to establish the parties and their obligations and indicate the price and characteristics of the good or service for sale, which is why it is determined as a bilateral contract.

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3 years ago
Which statement best explains scholarships that cover the costs of an education? They require the use of savings. They need to b
SVEN [57.7K]

Answer:

c. They are often based on achievement

Explanation:

3 0
3 years ago
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