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2 years ago

12

A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The amount of the loss relat

ed to the sale of this machine should be reported in the operating section under the indirect method is:

1 answer:

sladkih [1.3K]2 years ago

6 0

Answer: About $50,000

Explanation:

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If 23 dogs was in a car and 3 jumped out how many leave?<br><br>

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20 because just subtract 3 from 20

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3 years ago

A certain bookstore chain has two stores, one in San Francisco and one in Los Angeles. It stocks three kinds of books: hardcover

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Answer:

Hard Soft Plastic

San Francisco 3,600 7,800 12,000

Los Angeles 2,400 1,800 3,000

Explanation:

The sales during January were as follows:

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San Francisco 600 1,300 2,000

Los Angeles 400 300 500

If the sales during the next five months were actually the same, then to determine total sales all we have to do is multiply January's sales by 6.

600 x 6 = 3,600 1,300 x 6 = 7,800 2,000 x 6 = 12,000

400 x 6 = 2,400 300 x 6 = 1,800 500 x 6 = 3,000

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3 years ago

Assume the money supply is $500, the velocity of money is 8, and the price level is $2. Using the quantity theory of money:

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Answer:

a) 2000

b) 4000

c) 2000 and 4800

Explanation:

The quantitative theory of money shows how the monetary side of an economy behaves, that is, the effect of money supply on income. It is given by the equation MV = PY, where M = money supply, V is the currency's velocity, P is the price level and Y is the real income level.

M = 500, V = 8, P = 2

a) The real income level:

MV = PY

500 x 8 = 2 x Y

Y = 2000

b) Nominal income level (price level multiplied by real income)

PY

2 x 2000 = 4000

C) If the money supply increases by 20%, ie to 600, the real income will be:

MV = PY

600 x 8 = 2.4 x Y (Y is full employment income, so the effects of money supply will be on the price level)

Y = 2000 Real income remains the same, increase in money supply does not affect real output, only price level, which increases from 2 to 2.4.

The nominal income, in turn, will be:

PY

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3 years ago

Accountants who hold a certificate that allows them to conduct expert work to determine intentional errors and mistakes made in

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Answer:

The correct answer is Certified Fraud Examiners.

Explanation:

A certified fraud examiner is also a type of accountant. It is a professional certificate that is issue to fraud examiners. This designation is issued by the Association of certified fraud examiners.

These accountants are also called CFEs in short. They follow a code of ethics.

CFEs need a bachelor or equivalent degree and a minimum two years of experience of professional experience in a field which is related to fraud detection.

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1 year ago