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stealth61 [152]
3 years ago
7

2 (03.01 LC) An unsecured loan (10 points)

Business
1 answer:
arsen [322]3 years ago
7 0
Vyvuvburjwjhdhshjwisisiso
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Inventory at the beginning of the period had a debit balance of $7,000, and a debit balance of $10,000 at the end of the period.
Svetach [21]

Answer:

an increase of $3,000 which will be subtracted from net income

Explanation:

an increase of $3,000 which will be subtracted from net income .Increase in Inventory = 10000-7000 = $3000  .Increase in Inventory is reported as a decrease and subtracted from net income  .an increase of $3,000 which will be subtracted from net income

3 0
3 years ago
A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain
Maksim231197 [3]

The amount of the gain or loss on disposal of the fixed asset is $2,000.

<h3>Gain or loss on disposal </h3>

First step

Book Value = Original Cost of Equipment - Accumulated Depreciation

Book Value = $30,000 -$28,500

Book value= $1,500

Second step

Gain=Sale Price -Book Value

Gain=$3,500-$1,500

Gain=$2,000

Inconclusion the amount of the gain or loss on disposal of the fixed asset is $2,000.

Learn more about gain or loss on disposal of asset here:brainly.com/question/14542603

8 0
2 years ago
A _____ is a specially designed phone room used to conduct telephone interviewing.
katrin [286]

Answer:

central-location telephone (CLT) facility

8 0
2 years ago
Abner tells a representative of Brass &amp; Woodwind Musical Instruments, Inc., that he will pay for Claudia’s trumpet if she do
coldgirl [10]

Answer:

The correct option is B,​only if it is in writing.

Explanation:

Such promise is not enforceable since one of key elements of enforceable agreement(contract) is missing.

The missing element is that Abner is not getting anything of value in return for the promise to pay for Claudia's trumpet.

The only way to get Abner to fulfill the promise in law parlance is get the promise documented as well as signed by Abner,that can be used as an evidence against Abner in future in order to ensure the promise is fulfilled.

3 0
3 years ago
Read 2 more answers
The purpose of a PERT network is: to monitor the quality of a product for compliance with ISO 9000 standards. to monitor the pro
aliina [53]

Answer:

The correct answer is the second option: to monitor the progress of a multi-step project during its development.

Explanation:

To begin with, a <em>"Program Evaluation and Reviews Techniques"</em> or PERT as it name indicates it refers to an stadistic technique by which the companies can follow the process of certain projects that they are having currently. Moreover, its main purpose is to manage and analyze the steps that a project has in order to make them less susceptible to errors. In addition to that, its main factor to observe is the time during the steps of the project. Nowadays is very common to use a tool like this in major companies.

4 0
3 years ago
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