Answer:
A gain of $16,100
Explanation:
When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.
The carrying amount of an asset is the difference between the cost of the asset and the accumulated depreciation of the asset.
Carrying amount
= $22,000 - $6,600
= $15,400
Gain/(loss) on sale of asset
= $31,500 - $15,400
= $16,100
Answer:
The correct answer is letter "D": unit of account and store of value.
Explanation:
Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.
Three are the functions of money: <em>medium of exchange, store of value, </em>and <em>unit of account</em>. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.
Answer: C. 13%
Explanation:
Return on Investment is the percentage received from the investment over the amount spent.
= Operating income / Average invested capital
= 270,000/2,062,500
= 13.09%
= 13%
Answer:
b) Larceny at the point of sale
Explanation:
Larceny at the point of sale -
It is a type of fraud , where the employee itself steal money from the employer during the point in the business , when is the sale is been made .
This type of fraud is very commonly seen in the retail business .
Same case is shown in the question data , where Jan Ashley , who works for the R & S departmental store , tries to steal money during the sale .
The retailer/store pays the interchange rate.
