1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ann [662]
3 years ago
13

When an asset is sold, a gain occurs when the?

Business
1 answer:
Firdavs [7]3 years ago
4 0
<span>sale price exceeds the book value of the asset sold </span>
You might be interested in
jillian wishes to purchase an all-inclusive insurance policy for her new car. If an insurance company quotes her a price of $100
DerKrebs [107]

Ask what <u>coverage </u>is included for $100.

A low cost policy may not be an all-inclusive policy- you always have to look at the details.

6 0
3 years ago
"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers." T
kondaur [170]

Answer:

B) False

Explanation:

Trade usually benefits all the nations involved. We can use an extreme example, Chinese-American trade. America has a huge trade deficit with China, but still the whole country benefits from it. America lost some manufacturing jobs, but they have been replaced by higher paying service related jobs (currently service related jobs account for more than 70% of the total jobs in America).

And more important, American citizens are able to buy very good and cheap products from China and other places. Imagine if we had to pay for only domestic products, we would spend a much larger portion of our income in them.

8 0
3 years ago
If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion,
Vitek1552 [10]

Answer:

$36 billion

Explanation:

The computation is shown below:

For this question, we use the income approach for calculation the wages i.e shown below:

GDP = Interest payments + profits + rent + wages

$65 billion = $15 billion + $7 billion + $7 billion + wages

$65 million = $29 billion + wages

So, the wages would be

= $65 billion - $29 billion

= $36 billion

3 0
3 years ago
The earned value system starts with the time-phased costs that provide the project baseline, which is called the ___________.a.
nikklg [1K]

Answer:

A. Planned budgeted value of work scheduled.

Explanation:

Earned Value system is a technique used in project management in estimating how well a project is doing in terms of the project budget and allocated schedule. It is used in estimating project efficiency in terms of the estimated deliverables. It helps in checking of the project is going according to "plan". Project efficiencies are measured against the baseline of a project which is the planned budgeted value of work with the aid of earned value system in order to quickly track any deviations in the project.

7 0
3 years ago
You are analyzing ABC Company, a computer manufacturer. You notice that inventory turnover this year is significantly lower than
nexus9112 [7]

Answer:

ABC Company

1. Observation: Current year's inventory turnover is significantly lower than those of previous years.

Explanations:

1. Lower inventory turnover implies weaker sales for the current period than those of previous years.

2. Lower inventory turnover results from excessive inventory, which increases storage costs and interest expenses.

3. The ratio may also indicate that the demand for the product is declining rapidly.  Many reasons can be adduced for this situation.  Little marketing efforts, bad product, and lack of product competitiveness.

a) The formula for computing the inventory turnover equals Cost of goods sold/Average Inventory.  The ratio shows the number of times goods are sold in a period.  When goods are sold more frequently, sales activities increase, including revenue and profit.

2. Observation: Also current year's accounts receivable turnover is significantly lower than in previous years.

Explanations:

1. Billing inefficiency can contribute to lower accounts receivable turnover.

2. Poor credit policy may give rise to inefficient collection process, excessive bad debts, long credit days, bad customers, and lack of incentives to customers to settle their invoices.

3. Lastly, lower accounts receivable turnover may point to declining demand of the product by customers.

b) The formula for calculating the accounts receivable turnover is Net Credit Sales divided by Average receivables.  The ratio determines the effectiveness of the company's credit policy.

 

6 0
3 years ago
Other questions:
  • Avril Synchronistics will pay a dividend of $ 1.40 per share this year. It is expected that this dividend will grow by 7​% each
    6·1 answer
  • Leigh has three children but has not written her will which danger will she more than likely face if she dies without a will?
    12·1 answer
  • Smith &amp; Sons, Inc., is authorized to issue one million shares of $1 par value common stock. The company actually sells 500,0
    13·1 answer
  • The PCAOB has the power to
    7·1 answer
  • Ross has decided that he wants to build enough retirement wealth that, if invested at 6 percent per year, will provide him with
    10·1 answer
  • I have a resturant which is famous for hydrabdi biryani but the ingredients are not avilable in the resturant suddenly if the gu
    5·2 answers
  • The expected average rate of return for a proposed investment of $5,610,000 in a fixed asset, using straight-line depreciation,
    7·1 answer
  • The Great Recession, a sharp economic downturn that begun in 2008, brought high unemployment, increased business failures, and a
    15·1 answer
  • 14. Over a given year, nominal GDP increased by about 2.5%. Over that year, the GDP deflator decreased by about 4%. From this in
    6·1 answer
  • both the demand for and the supply of the resource declines in the same proportion. demand remaining constant, supply of the res
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!