All categories

3 years ago

Here are selected 2017 transactions of Marigold Corporation.

Business

1 answer:

Zielflug [23.3K]3 years ago

3 0

Answer:

Date Account and Explanation Debit$ Credit$

Jan 1 Accumulated depreciation-Machine 63000

Machine 6300

June 30 Depreciation expense (37000/4)*6/12 4625

Accumulated depreciation-Computer 4625

(To record Dep)

June 30 Cash 6000

Accumulated depreciation-Computer 23125

(37000/4*2.5)

Loss on sale of computer 7875

Computer 37000

(To record sale of computer)

Dec 31 Depreciation expense (24500-3400/5) 4220

Accumulated depreciation-Delivery truck 4220

(To record Dep)

Dec 31 Cash 9130

Accumulated depreciation-Truck 16880

(24500-3400/5*4)

Gain on sale of delivery truck 1510

Delivery truck 24500

(To record sale of computer)

You might be interested in

Kliting Co. has a lot of outstanding accounts receivable but customers are slow to pay, and it doesn't have sufficient cash to p

Elina [12.6K]

Answer:

Factoring

Explanation:

Factoring is a form of debtor finance that involves an entity selling it's accounts receivables to a third party at a discount.

The third party is called a factor.

This practice is usually carried out to meet urgent cash needs of the business.

In this instance Kliting Co. has a lot of outstanding accounts receivables and there is need for cash to pay its suppliers and employees at the end of the month.

Instead of borrowing Kliting Co. sells their accounts receivables to get the needed cash.

This is factoring finance

6 0

3 years ago

Betty Lou has a car washing and detailing business. She charges $20 to wash a car, a process that takes her 20 minutes and req

Readme [11.4K]

The correct answer is; Raise her prices on the car detailing or only wash cars.

Further Explanation:

It makes the most sense that Betty Lou raise the pricing on the car detailing. Since the materials cost more than the washing materials and car detailing takes more time, she is losing money in the long run.

If Betty doesn't want to raise her prices, she should only continue to wash cars since she can do this faster and make more money on average. This is the most efficient use of her resources. Betty can use advertising to get more clients and repeat clients that liked her car detailing will be willing to pay more for her services.

Learn more about money resources at brainly.com/question/13726693

#LearnwithBrainly

5 0

3 years ago

When one group controls an industry or market by being the only provider, this is called _____.

e-lub [12.9K]

When one group controls an industry or market by being the only provider, this is called MONOPOLY.

Mono - Greek monos means one or single
Poly - Greek polein means to sell.

Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.

6 0

3 years ago

Zara has pioneered "cheap chic" in clothing apparel. Zara offers current and desirable fashion goods at relatively low prices. T

sergejj [24]

These are all characteristics of Integrated cost leadership/differentiation following business-level strategies.

<u>Explanation:</u>

An enterprise level approach where distinct goods are sold at low cost on the market, understood as an Integrated cost leadership / differentiation. Distinct product means the special qualities of consumer preferences and price leadership means the commodity is sold at the cheaper cost, i.e. at a margin slightly better than average price. Particularly at a global frontier, it is helpful in acquiring broad customer base. Here Zara is expecting from its firm to attract the global consumers by selling its products in relatively lesser price, to fulfill this expectation appropriate designers have been hired to manage costs.

7 0

4 years ago

If your target audience is parents, what should you do in your ad for maximum appeal? show them your product is elegant show the

Cerrena [4.2K]

Show them your product has value

6 0

4 years ago