Answer:
Juen 30 2018 Cash $60000 Dr
Accumulated Depreciation $216000 Dr
Loss on Disposal-Plant Equipment $24000 Dr
Plant Equipment $300000 Cr
Explanation:
The sale of an asset requires a firm to write off that asset from the books at cost. The writing off would require the credit to the asset account at cost along with a debit to the accumulated depreciation account that is created against this asset.
We also calculate the gain or loss on disposal of asset. An asset has a gain on disposal if the cash received from its sale is more than its carrying value and vice versa.
Carrying Value = Cost - Accumulated Depreciation
Carrying value = 300000 - 216000 = $84000
The asset loss on disposal = 60000 - 84000 = 24000 loss
We debit the loss on disposal and cash received from sale to complete the journal entry
<span>Advances in transport and communication have made these types of businesses possible. The ability for packages and products to be sent around the globe in a matter of days has made reaching far-flung locations much easier. In addition, the advent of the Internet has given companies a way to reach a much wider consumer base.</span>
Answer:
C. Corporate social initiative
Explanation:
Corporate Social initiatives are the part of company's corporate social responsibility (CSR) where the companies take philanthropic measures that help the local communities and environment to deal with the social causes. Here in the scenario, the owners of Boccardi's Ristorante helped the storm victims by providing them the facilities of food and other basic necessities, this term is called corporate social initiative which is in lined with the CSR Policy of most of the companies.
The problem could be solved by using the future value (FV) formula: FV = PV × (1 + r)ⁿ, where;
PV = Present value
r = interest rate
n period
So, substituting the formula with the value:
FV = $38,600 × (1 + (.03÷52))⁵²
≈ $39,775.20
Note that the interest is divided by 52 since it has to be compounded weekly.
So, the weekly payment will amount to $764.91 ($39,775.20÷52).
Answer:
Outside vendors specializing in all aspects of benefits administration would provide improved support to the firm's employees.
Explanation:
Shared services HR teams provide specialized support of day-to-day transactional HR activities to the company's employees by focusing on using centralized call centers and outsourcing arrangements with vendors (like benefits providers). By utilizing HR shared services, Whitman and the other managers can now devote more time to other HR matters while improving benefits enrollment and coverage by deferring those questions to benefits specialists.