Is Mark Zuckerburg a robot? cuz he sure looks like one

On July 31, 2021, the company donated this machine to the Mountain King City Council. The fair value of the machine at the time

Yuri [45]

Answer & Explanation:

Depreciation a/c ...dr

Loss a/c .....dr

Charity a/c .. dr

To machine a/c

Machine amount = Machine cost value (eg, lets suppose = 2,000,000)
Charity amount = fair value of machine at time of donation = 1,4300,000. It is the amount that could have been otherwise received on machine sale, but is given as charity.
Accumulated depreciation is the total depreciation on machine upto date (eg, lets suppose = 5,00,000)
Loss = (Machine cost - accumulated depreciation) - current fair value

Eg: If cost = 2,000,000 & accumulated depreciation = 5,00,000. Machine value should be = 2,000,000 - 5,00,000 = 15,000,000. The fall in value from 15,000,000 to 1,430,000 = 70,000 is loss on machine disposal.

7 0

4 years ago

Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in

solmaris [256]

Answer:

Accrual basis of accounting

Explanation:

Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.

Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).

Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.

7 0

3 years ago

SpeakEasy, a U.S. software company that specializes in voice-recognition software, wishes to rapidly enter the growing technical

bulgar [2K]

Answer:

<h2>In this case, the answer would be acquiring or merging with other firms producing related products or services.</h2>

Explanation:

As mentioned in the question, the market for technical translation software is basically dominated by firms producing differentiated or specialized products and services.
Now, considering that SpeakEasy is a completely new entrant in the market, it will be extremely difficult for the company to initially compete with the established market leaders or firms dominating the market.
Hence, SpeakEasy can perhaps consider acquiring or merging with some of the firms producing or specializing in voice-recognition software that will eventually ease the burden of market competition or rivalry for the company and consequently,it can commercially and economically grow and prosper in the market by capturing new customers and expanding market share.
Mergers or acquisitions, in this case, would help the company to effectively focus on its specialized activities and conducts through knowledge sharing, economies of scale or lower average production cost,transfer or transmission of technological knowledge and exploration of new customer or client bases.

3 0

3 years ago

James used $250,000 from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, J

Alexus [3.1K]

The economic profit is $320,000-$250,000=$70,000.

Economic earnings or loss is the distinction between the sales received from the sale of an output and the costs of all inputs used, as well as any opportunity prices. In calculating financial income, opportunity charges and explicit costs are deducted from revenues earned.

Income is the financial metric that suggests an entity's economic advantage or sales from any enterprise or funding interest. monetary profit is cash earned after taking explicit and implicit costs into account.

Profit is the financial metric that shows an entity's financial advantage or sales from any commercial enterprise or investment pastime. economic earnings are cash earned after taking explicit and implicit prices into consideration.

Learn more about economic profit here: brainly.com/question/24477585

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5 0

2 years ago

Strauch Co. has one class of common stock outstanding and no other securities that are potentially convertible into common stock

erica [24]

Answer:

C. $1.78 $1.75

Explanation:

Calculation for What amounts should Strauch report as earnings per share in its 2025 and 2024 comparative income statements issued early in 2026

Calculation for What amounts should Strauch report as earnings per share in its 2025

First step is to calculate the Weighted average shares for year 2025

Weighted average shares 2025 = [100,000 + 20,000(9/12)]÷2

Weighted average shares 2025=(100,000+15,000)*2

Weighted average shares 2025=115,000*2

Weighted average shares 2025= 230,000

Now let calculate the Earnings per share for year 2025

2025 Earnings per share for year= $410,000/230,000

2025 Earnings per share for year= $1.78

Therefore the 2025 Earnings per share for year will be $1.78

Calculation for What amounts should Strauch report as earnings per share in its 2024

First step is to calculate the Weighted average shares for year 2024

Weighted average shares 2024= 100,000(2)

Weighted average shares 2024= 200,000

Now let calculate the Earnings per share for year 2024

2024 Earnings per share = $350,000/200,000 2024 Earnings per share= $1.75

Therefore the Earnings per share for year 2024 will be $1.75

6 0

3 years ago