Answer:
loss of $1,200
Explanation:
Depreciation is the systematic allocation of cost to an asset. it is given as
Depreciation = (cost - salvage value)/useful life
When an asset is sold at an amount lower than its carrying or net book value, a loss on sale/disposal is recognized otherwise, a gain on disposal. The netbook value is the cost less accumulated depreciation.
Depreciation = ($33,000 - $4,000)/5
= $5800
Netbook value at disposal = $33,000 - $5800
= $27,200
Gain/(loss) on disposal = $26,000 - $27,200
= ($1,200)
Answer:
-$49 billion
Explanation:
The balance on the financial account = capital account balance - current account balance = $1 billion - $50 billion = -$49 billion
The balance of payments (BOP) = current account balance + financial account balance + capital account balance
since BOP is always $0, then:
capital account balance = current account balance + financial account balance
$1 billion = $50 billion - $49 billion
Answer:
c. An addition to (or a deduction from) the beginning balance of retained earnings
Explanation:
A prior period adjustment is the correction of an accounting error that occurred in the past and was reported on a prior year's financial statement, net of income taxes. Prior period adjustment are reported in the statement of retained earnings as an increase or a decrease in the beginning retained earnings. Therefore, the adjusted beginning retained earnings balance is the amount that retained earnings would have been if the error had not been made.
Answer:
The correct answer is penetration pricing.
Explanation:
It is one of the pricing strategies that the company can follow when deciding to introduce a new product in the market. It consists of setting a low price at the time of product launch, in order to stimulate sales and quickly gain market share.
This strategy requires a great effort in distribution and promotion, in order to achieve market dominance that facilitates obtaining long-term benefits.
It is, for example, the strategy that the newspaper La Razón used at the time of its launch. It was sold for a time at a lower price than usual in this category of products, in order to make it known among consumers. Subsequently, its price was equal to that of other newspapers.
<span>CASH A/C DR $500 TO UNEARNED REVENUE $500 BEING CASH RECEIVED FROM CUSTOMER BEFORE THE WORK DONE .</span>
