Confused as heck need help

On January 1, 2017, Windsor Corporation sold a building that cost $271,010 and that had accumulated depreciation of $101,000 on

Paladinen [302]

Answer:

= $31,538

Explanation:

At what amount should the gain from the sale of the building be reported ?

Book value of the building at January 1, 2017 will be calculated by =

Cost of the building - Depreciation

271,010 - 101,000 = $170,010

Windsor sold the building for 261,010 due o January 1,2020, which is exactly three years after the date it was sold.

To find out the gain or loss, we will calculate the present value of the amount paid to Windsor Corporation at January 01, 2017.

Present value = $\frac{Future Valye}{(1+r)^{2}}$

Note due in 3 years,

PV = $\frac{261,010}{(1.09)^{3} }$ = $201,548

The Present value is greater than the book value of the building at January 1,2017, so we have a gain on sale of the building, which is calculated by:

Gain on sale of building = $201,548 - $170,010

= $31,538

Windsor Corporation will report a gain on sale of building of $31,538.

8 0

3 years ago

Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used to develop a cost equation t

liberstina [14]

Answer:

Total cost of receiving 8000 parts: 2878700

Detailed solution is given in tabular form below:

5 0

3 years ago

In exchange for manufactured goods, Native Americans in the West often traded sheep. Cattle. Furs. Guns.

Olenka [21]

The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.

Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.

<h3>Barter System</h3>

The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.

The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.

The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.

Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.

Learn more about barter system here:

brainly.com/question/1888121

4 0

2 years ago

Which jobs would be included in the Marketing, Sales, and Service career cluster?

Alinara [238K]

Answer:

Survey Researcher

Public Relations Specialist

Telemarketer

Purchasing Manager

Explanation:

I just got this answer correct on my online exam.

7 0

3 years ago

Variable Fixed Output Marginal Total Total Marginal cost

allsm [11]

Answer:

The average total cost of producing 60 units of output is:

b. $21.67

Explanation:

a) Data and Calculations:

Variable Fixed Output Marginal Physical Total Total Marginal

Input Input Product of Variable fixed variable Cost

input cost cost

0 1 0 $500 $0

1 1 10 (A) $500 $200 (F)

2 1 25 (B) $500 400 (G)

3 1 45 (C) $500 600 (H)

4 1 60 (D) $500 800 (I)

5 1 70 (E) $500 1000 (J)

The total cost of producing 60 units of output = $1,300 ($500 + $800)

Average total cost of producing 60 units of output = $21.67 ($1,300/60)

8 0

3 years ago