The FDA does all of the following EXCEPT

Adelphi Company purchased a machine on January 1, 2017, for $70,000. The machine was estimated to have a service life of ten yea

mestny [16]

Answer:

Loss on Sale of Non-Current Asset is -$5,672.

Explanation:

The key points to remember here are:

We compare Carrying Value (Cost - Accumulated Depreciation) with Selling Price to calculate gain/loss.
Adelphi Company has used the machine for 4 years. So, deduct the depreciation of 4 years from the Cost of Machine.
Double-Declining Rate is calculated as (1/10)*(2) = 20%. Multiply this rate with the Carrying value of each year to get the depreciation figure for next year.

I've attached a screenshot of my workings, I hope it will help you better understand the scenario. Thanks!

5 0

3 years ago

Customers at Carat, a premium jewelry store, are encouraged to make an appointment before a visit so that a customer service rep

babymother [125]

Answer: Full service retailer

Explanation: In a full service retailing a business organization makes use of fully trained personnel to actively attend to each customer demands. These sales representative answers questions about the product while outlining benefits of purchasing the product to the purchaser.

The carat organization is actively using the full service retailing method. Where each customer is actively attended to and appropriate explanation on the product is given

6 0

4 years ago

Mills Corporation acquired as an investment $225 million of 8% bonds, dated July 1, on July 1, 2021. Company management is holdi

Sholpan [36]

Answer:

Please see solution below.

Explanation:

1.

July 1, 2021

Dr Investment in bonds $225,000,000

Dr Premium on investment in bonds $25,000,000

Cr Cash $250,000,000

December 31, 2021

Dr Cash $18,000,000

Cr Interest revenue $15,000,000

Cr Premium on investments in bonds

$3,000,000

2.

Investment in bonds. $225,000,000

Premium on investment in bonds $22,000,000

3.

January 2, 2022

Dr. Cash $266,000,000

Cr Investment in bonds $225,000,000

Cr Premium on investment in bonds $22,000,000

Cr Gain on sale of investments $19,000,000

Workings:

Effective interest rate on first coupon received = [ $225,000,000 × 8%] - [ $250,000,000 × 6%]

= $18,000,000 - $15,000,000

= $3,000,000

Premium on investment in bonds = $25,000,000 - $3,000,000

= $22,000,000

8 0

3 years ago

Why is VisionSpring, an organization devoted to the problem of poor eyesight in the developing world, classified as a hybrid mod

JulsSmile [24]

VisionSpring can be classified as a hybrid model of social entrepreneurship since it is devoted to the problem of poor eyesight in the developing world which is a social issue.

It should be noted that social entrepreneurship mixes economic logic with social logic.

Hybrid organizations are the enterprises that design the business models in order to alleviate a particular environmental or social issue. Since VisionSpring is devoted to the problem of poor eyesight in the developing world, it's a hybrid organization.

Learn more about entrepreneurship on:

brainly.com/question/13628349

4 0

3 years ago

Which global environmental problem may be worsened by the use of gas hydrates as an energy source?

monitta

<span>The energy source in gas hydrates is methane, which is trapped inside of ice. Extraction of the methane may result in leakage of small amounts of methane. This is a potential global environmental problem because methane is a very potent greenhouse gas.</span>

6 0

4 years ago