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vagabundo [1.1K]
3 years ago
9

Tim's Taxi Service sold one of its cabs for $9,000. The cab had an original cost of $23,000 with $16,000 in accumulated deprecia

tion. Assuming this is the only asset sold during the year, what is the recognized gain or loss and character of the gain or loss on this sale
Business
1 answer:
natta225 [31]3 years ago
6 0

Answer:

The recognized gain is $2000

Explanation:

The carrying value of the cab sold is the difference between the original cost of $23,000 and the accumulated depreciation of $16,000, hence, carrying value is $7000($23000-$16,000)

The cash proceeds from the disposal of then cab are $9000

Gain on disposal of cab=$9000-$7000

Gain on disposal of cab=$2000

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A manager states that her process is really working well. out of 1,500 parts, 1,477 were produced free of a particular defect an
yaroslaw [1]
Six sigma is a philosophy and set of methods companies use to eliminate defects in their products and processes<span>. It also seeks to reduce variation in the processes that lead to product defects. It measures quality, process for Continuous Improvement and enabler for culture change so culturally six sigma means companies must learn how to be nearly flawless in executing key processes and achieving business imperatives. Quantitatively six sigma means the average process generates no more than 3.4 defects per million. Therefore, based on the figures given above the defects per million opportunities (DPMO) is 15, 333 and the defective rate us 1.533% and the passed rate is 98.467%.</span>

 

 

 

 





8 0
3 years ago
The _____ stage of the Change Management Continuum Model demonstrates a positive impact on the organization.A. internalizationB.
gladu [14]

Answer:

The correct answer to the following question will be Option C (Adoption).

Explanation:

The adoption stage falls under the Change Management Continuum System educational process. This explains the change which has shown a significant or positive impact on the corporation.

The mental process by which a person moves from the first hearing about such an invention to actual adoption is the acceptance process for either a new product.

There are five stages are in the Adoption stage:

  • Product awareness
  • Product interest
  • Product evaluation
  • Product trial
  • Product adoption

Therefore, Option C is the right answer.

3 0
3 years ago
When using the cost of production report to analyze the change in direct materials cost per equivalent unit compared to conversi
alisha [4.7K]

Answer: a.may increase while conversion costs decrease because the two are separately calculated and depend on separate costs.

Explanation:

When the cost of production report is being used to analyze change in direct materials cost per equivalent unit when compared to the conversion cost per equivalent unit, we should note that an investigation may end up showing that the fluctuation in the the direct materials costs which then brings about an increase or a decrease.

Therefore, the correct option is A "may increase while conversion costs decrease because the two are separately calculated and depend on separate costs".

5 0
2 years ago
According to the eNotes, how many TEUs would you have with 70 twenty-foot containers and 30 forty-foot containers?
AfilCa [17]

Here are the things needed to be considered:

20 feet= 1 TEU

40 feet= 1 TEU

<span>For 70 twenty-foot containers, multiply it with the conversion factor (1 TEU/1 twenty-foot) then cancel the twenty-foot unit. The answer is 70 TEUs. As for 30 forty-foot containers, you apply the same process but you use the 2nd conversion factor which is (2 TEUs/ 1 forty-foot). The answer is 60 TEUs. </span>

<span>So 70+ 60= 130 TEUs

</span>

3 0
3 years ago
On January 1, DogMart Company purchased a two-year liability insurance policy for $22,800 cash. The purchase was recorded to Pre
GarryVolchara [31]

Answer:

Adjusting Entry

Date             Accounts/ Description          Dr.        Cr.

January 31   Insurance Expenses            $950

                    Prepaid Insurance                            $950

Explanation:

On January 1 insurance purchased will be considered as the prepaid insurance and it is for 2 years ( 24 months ). On January 31 one month's insurance expense has been accrued and it should be recorded and balance for this accrual should be transferred from prepaid insurance to insurance expense account.

Insurance paid =  $22,800

Per month Insurance = $22,800 / 24 = $950 per month

7 0
3 years ago
Read 2 more answers
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