Molly is a 27 year old female who looks years older than her actual age

Marriott International is a worldwide operator, franchisor, and licensor of hotels, residential, and timeshare properties totali

vlabodo [156]

Answer:

Net Book Value of furniture:

= Cost price - Accumulated depreciation

= 8,000,000 - 7,700,000

= $300,000

a. $300,000 cash

Account Title Debit Credit

Cash $300,000

Accumulated Depreciation $7,700,000

Furniture $8,000,000

b. $900,000 cash

Account Title Debit Credit

Cash $900,000

Accumulated Depreciation $7,700,000

Furniture $8,000,000

Gain on disposal $600,000

c. $100,000 cash

Account Title Debit Credit

Cash $100,000

Accumulated Depreciation $7,700,000

Loss on Disposal $200,000

Furniture $8,000,000

3 0

3 years ago

A long term care facility purchases at least 85% of its food and supplies from one distributor. this is an example of which type

Digiron [165]

<span>This long term care facility purchases at least 85% of its food and supplies from one distributor and it’s an example of prime vending. A prime vending is a type of purchasing that has gained acceptance and popularity among restaurant and non-commercial buyers. It is also a service which people or the workers do.</span>

8 0

3 years ago

The entry to record the use of direct materials in production would include a A. credit to Finished Goods Inventory. B. debit to

earnstyle [38]

Answer:

B. debit to WIP inventory

Explanation:

The journal entry to record the usage of direct material in production is

Work in Process Inventory Dr.

To Raw Material Inventory

(Raw materials consumed recorded)

Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.

Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.

Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.

3 0

4 years ago

Under gaap, cash receipts from interest and dividends are classified as

zaharov [31]

<span>Under GAAP, cash receipts from interest and dividends are classified as operating activities. Operating activities are the main business activities for the company. The operating activities for the company are manufacturing, distributing, marketing and selling the product or service to consumers. </span>

7 0

3 years ago

Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts

Reptile [31]

Answer:

Equilibrium quantity increases; Equilibrium price is indeterminate.

Explanation:

If a new article reports that there are many benefits of exercise, this will increase the demand for exercise bikes and shifts the demand curve rightwards.

At the same time, there is a fall in the price of parts of exercise bikes which reduces the cost of production of exercise bikes. Now, the producer will be able to produce more exercise bikes, so the supply of exercise bikes increases and shifts the supply curve rightwards.

Therefore, there is an increase in the equilibrium quantity of exercise bikes and the impact on equilibrium price is indeterminate because that will be dependent upon the magnitude of the shift of demand and supply curve.

3 0

3 years ago