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Ipatiy [6.2K]
3 years ago
11

Marigold Corp. purchased machinery for $1232000 on January 1, 2017. Straight-line depreciation has been recorded based on a $860

00 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $21500. How much cash did Marigold receive from the sale of the machinery
Business
1 answer:
Elenna [48]3 years ago
4 0

Answer: $260,300

Explanation:

Depreciation per year was = (1,232,000 - 86,000) / 5

= $229,200

In 2021 May 1, 4 years and 4 months would have elapsed. Depreciation would be;

= 229,200  * 4.3333

= $993,200‬

Net book value on date of sale is;

= 1,232,000 - 993,200

= $238,800

If Gain of $21,500 was realized, cash price was;

= 238,800 + 21,500

= $260,300

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what happens when the price of a good increases holding everything else constant? producer surplus decreases consumer surplus de
Diano4ka-milaya [45]

Consumer surplus drops when a good's price rises while keeping everything else constant.

<h3>What is consumer surplus ?</h3>

Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus.It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.

In order to quantify the social advantages of public goods like national highways, canals, and bridges, the idea of consumer surplus was created in 1844. It has been a crucial tool for welfare economics research and government tax policy development.

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3 0
1 year ago
All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a join
Marizza181 [45]

Answer: The correct answer is "B. lower".

Explanation: The insurance premium is one of the central elements of the contract since it is the price that the insured pays for the coverage he receives. Its value will depend on the type of risk insured and is always fixed in advance by the insurance company. It must be sufficient for the insurer to face the insured risk, calculating that not all the insured will need the coverage, that is, statistically, there is a probability that it will happen or not.

The premium is lower in a survivorship life policy as compared to the premium in a joint life policy.

3 0
3 years ago
The cooperative organization of work into specialized tasks and roles is the?
hoa [83]

The cooperative organization of work into specialized tasks and roles is the Division of labor.

Division of labor, division of work process into multiple tasks. Each task is performed by a different person or group of people. This is most commonly applied to mass production systems and is one of the basic organizing principles of assembly lines.

The division of labor increases production and efficiency by dividing the individual tasks of creating objects among different people. This simplifies the work that each person has to do.

The division of labor increases productivity, which also means that it is cheaper to produce goods. This in turn leads to cheaper products. If you divide it into five people who specialize in work, it will be faster and more efficient. In return, the number of product .

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7 0
2 years ago
A commercial bank will loan you $20,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The a
Lisa [10]

Answer:

Monthly payment = $469.701

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.  </em>

The monthly equal installment is calculated as follows:  

Monthly equal installment= Loan amount/Monthly annuity factor  

Loan amount = 20,000

Monthly annuity factor  =

=( 1-(1+r)^(-n))/r  

r- Monthly interest rate (r)  

= 6/12= 0.5%  

n- Number of months ( n) = 20 × 4 = 48

Annuity factor  

= ( 1- (1.005)^(-48)/0.005= 42.5803

Monthly installment= 20,000 /42.5803  = $469.701

Monthly installment = $469.701

Monthly payment = $469.701

8 0
3 years ago
Clemente Co. owned all of the voting common stock of Snider Co. On January 2, 2012, Clemente sold equipment to Snider for $125,0
bonufazy [111]

Answer:

$60,000

Explanation:

Sales Price $125,000

Less BV $140, 000

Loss on Sale $15,000

Equipment transferred at BV (Cost $140,000

Less Accumulated Depreciation. $40,000 $100,000 Depreciation.

For 2012

($100,000/5) $40,000 = $60,000

Therefore the Book Value at 12/31/2012 is $60,000

6 0
3 years ago
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