Answer:
ZERO as the operations for Pascoreli continues. Lucha Libre considers Pascoreli Clothing a non.current asset held for sale which is a diferent accounting topic.
Explanation:
Lucha Libre did not stop the operations neither plans to stop them It wants to sale the division not to shut down therefore their result will impact net income directly rather than being discounued operations.
Internet access <u>lowers </u>the opportunity cost of producing education and news <u>if it </u><u>expands the production </u><u>possibilities of education and news by more than it expands the production possibilities of other goods and services.</u>
<h3>What is internet?</h3>
The internet is a system of interconnected networks that allows for international communication and access to data resources via a huge number of private, public, business, academic, and governmental networks. Governmental organizations that create common protocols, such as the Internet Assigned Numbers Authority (or IANA), are in charge of it.
Although the terms "internet" and "World Wide Web" are frequently used interchangeably, they do not exactly mean the same thing. The internet refers to the technology and infrastructure of the global communication system, while the web is one of the services provided through the internet.
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Answer:
The answer is given below;
Explanation:
Cost of Truck July 1,2014 $30,360
Accumulated Depreciation(30,360-6,480)/10=2,388*4=($9,552)
Written Down Value as at August 1 ,2018 $20,808
Truck New Dr.$42,189
Loss on Old Truck ($20,808-16,699) Dr.$4,109
Accumulated Depreciation Dr.$9,552
Cash Cr.$25,490
Old Truck-Cost Cr.$30,360
There was a loss of $4,109 on old truck as it was traded below its written down value.
Answer:
Option (D) is correct.
Explanation:
Given that,
Direct materials used in production = $250,000
Direct labor = $185,000
Manufacturing overhead = $245,500
Beginning Work in Process Inventory = $20,000
Ending Work in Process Inventory = $30,000
Cost of finished goods manufactured for the year:
= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory
= $250,000 + $185,000 + $245,500 + $20,000 - $30,000
= $670,500
The balance of the account (rounded to the nearest dollar) after the fifth deposit is $634
What is the future value of initial deposit and 4 annual deposits thereafter?
The future value of the initial deposit of and 4 subsequent annual deposits can be determined using the future value formula of an annuity due since the initial deposit is made immediately
FV=PMT*(1+r)^N-1/r*(1+r)
PMT=annual deposit
r=interest rate=8%
N=number of annual deposits
FV=$100*(1+8%)^5-1/5%*(1+5%)
FV=$634
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