Which sentence in the given text describes an element of the marketing mix that could help

On December 1, delivery equipment was purchased for $6,144. The delivery equipment has an estimated useful life of four years (4

Akimi4 [234]

Answer and Explanation:

The presentation is shown below;

Depreciation expense

Adjustment $128 ($6,144 ÷ 48 months)

Accumulated depreciation

Adjustment $128

The journal entry is

Depreciation expense $128

To Accumulated depreciation $128

(Being depreciation expense is recorded)

Here the depreciation expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the asset

6 0

3 years ago

Celeste transferred 100 percent of her stock in Supply Chain Company to Marketing Corporation in a Type A merger. In exchange, s

Vesna [10]

Answer:

Loss = $200,000

Stock basis = $700,000

Explanation:

The computation of loss and stock basis is shown below:-

Since there is exchange in deferred tax so no loss will be recognized

Stock basis = Carryover Basis - Cash received

= $1,200,000 - $500,000

= $700,000

Therefore, if Celeste sell stocks $700,000, she will be in loss of $200,000

= $700,000 - $500,000

= $200,000

4 0

4 years ago

At the time of Elise’s 20 year high school reunion she was earning $50,000 and the CPI was 80. Now that it is time for her to at

babunello [35]

Answer:

Her real income has decrease by $7,333.33

Explanation:

<em>Real income is the amount of goods and services that a give amount of quantity money can purchase. It is also known as the purchasing power of money. </em>

To determine if there has been a change in her real income, we will compare her real income 20 years ago to her real income 5 years later. This will be done as follows;

Step 1

Determine her real income 5 years after her last reunion

Real income in current year = (CPI in base year/CPI in current year ) × Nominal income

= (80/150)× 80,000

= $42,666.67

Step 2

Determine change in real income

Her real income has decrease by $7,333.33. This is difference between her real income 5 years ago and now. That is $50,000 - $42,666.67.

Tis implies she cannot purchase as much as she could 5 years ago because of inflation.

3 0

3 years ago

Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 400 units of inventory that cost $8.0

Sonja [21]

Answer:

A. USD 5,180/-

Explanation:

In the actual method of inventory valuation, the inventory reaming and the COGS (Cost Of Goods Sold) is measured after each purchase or sale of a transaction. So the COGS and the remaining value of the inventory is known all the time.

Formula:

Gross margin is equal to Sales minus COGS

3 0

3 years ago

Levi organized 45 shirts into 3 drawers. Molly came and rearranged the shirts. She moved 6 shirts from the top drawer to the mid

Olegator [25]

Answer:

There were 16, 13 and 16 in first, second and third drawer respectively.

Explanation:

Given,

Total number of shirts = 45,

Number of drawers = 3,

Let x, y and z be the number in first, second and third drawer respectively,

After moving 6 shirts from the top drawer to the middle drawer,

Shirts in,

First drawer = x - 6

Second drawer = y + 6

Third drawer = z,

After moving 4 shirts from the middle drawer to the bottom drawer,

First drawer = x - 6

Second drawer = y + 6 - 4 = y + 2

Third drawer = z + 4,

Finally, after moving 5 shirts from the bottom drawer to the top drawer,

First drawer = x - 6 + 5 = x - 1,

Second drawer = y + 2

Third drawer = z + 4 - 5 = z - 1

According to the question,

x - 1 = y + 2 = z - 1

⇒ x - 1 = z - 1

⇒ x = z -----(1)

Also, x - 1 = y + 2

⇒ y = x - 1 - 2 = x - 3 ----(2)

Since, total shirts = 45

⇒ x + y + z = 45

From equation (1) and (2),

x + x - 3 + x = 45

⇒ 3x -3 = 45

⇒ 3x = 48

⇒ x = 16,

Again from equation (1) and (2),

z = 16 and y = 16 - 3 = 13

Hence, there were 16, 13 and 16 in first, second and third drawer respectively.

4 0

3 years ago