Even a well-designed marketing program that has undergone a thorough evaluation of alternatives will fail if it is

Vaughn Manufacturing purchased machinery for $980000 on January 1, 2017. Straight-line depreciation has been recorded based on a

Tresset [83]

Answer:

selling price= $199,633

Explanation:

First, we need to calculate the book value at the moment of the sale:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (980,000 - 56,500) / 5

Annual depreciation= $184,700

Accumulated depreciation= (4*184,700) + (184,700/12)*4

Accumulated depreciation= $800,367

Book value on May 1st:

Book value= purchase price - accumulated depreciation

Book value= 980,000 - 800,367

Book value= $179,633

Now, if the company makes a profit, the selling price was higher than the book value:

Gain= selling price - book value

20,000= selling price - 179,633

selling price= $199,633

4 0

3 years ago

Your operations and management plan defines the

Korolek [52]

The answer is C (I think)

6 0

3 years ago

Critically discuss the economic importance of the secondary sector to the south African economy.

LuckyWell [14K]

Wait ⚠️

This question is from quizlet

4 0

3 years ago

A company factored $40,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this trans

bezimeni [28]

Answer:

Correct answer is B, Debit cash $38,800, debit factoring fee expense $1,200 and a credit of Accounts receivable of $40,000

Explanation:

Factoring is one way to raise fund for immediate use of the company. It is a way to sell accounts receivable of the company. The above-mentioned problem is to sell accounts receivable (factored) with the corresponding factoring fee of 3% and that is $1,200 (40,000 x 3%). In effect of this fee, the company will receive cash less than the amount of its accounts receivable sold. The company will record the inflow of cash at $38,800 (40,000 - 3%) and will also recognize an expense incurred during the factoring in the amount of $1,200 and finally will credit the sold accounts receivable in the amount of $40,000.

3 0

3 years ago

Which of these describes information that can appear in a consumer’s credit report?

Rama09 [41]

Answer:

A. The name of a company that gave the consumer a car loan two years ago

Explanation:

A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you

So according to the given situation, the option A is correct

6 0

3 years ago