Answer:
(a)
July 31, 2022
Dr. Depreciation Expense $4,580
Cr. Accumulated Depreciation $4,580
(b)
Dr. Cash $22,430
Dr. Accumulated Depreciation $41,410
Dr. Loss on Sale of asset $14,030
Cr. Cost $77,870
Explanation:
Before sale of the asset, depreciation for the year should be recorded. To incorporate its effect on the sale.The depreciation for the 7 months of 2022 will be added to the accumulated depreciation account.
July 31, 2022
Accumulated Depreciation = $36,830 + $4,580 = $41,410
Net Loss is calculated by deducting the accumulated depreciation and cash received on the sale from the original cost of the asset.
Answer:
The first method would use prefabricated building segments, would have an initial cost of $6.5 million.
Answer:
The mayor thinks demand is inelastic, and the city manager thinks demand is elastic.
Explanation:
- Inelastic demand is when there is no noticeable change in product demand as the price of the product changes drastically. This type of environment is seen when there are no good substitute for the product.
- Elastic demand is when a slight change in product price changes the market demand for the product. This occurs when there are substitutes.
- Here, the mayor thinks there is inelastic demand and the city manager thinks the demand is elastic.
Answer:
Because given the dynamic nature of Google's auctions, the appropriate bid can often be a moving target that's challenging to reach at scale when using manual bidding.
Explanation:
Above all, the adequate strategy depends on your company's marketing goals. Therefore, it is wise to always take into consideration that first. When manually bidding the auctions, it is important to understand the downside of doing so. The actual bids can vary depending on each situation.
For example, you have determined that a specific keyword is of extreme value for your business, so you set a high manual bid for it. But, what happens when it doesn't get searched for a while or simply gets dominated by a group of complimentary keywords? That is exactly why automated bidding gets more convenient and simple.
