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solong [7]
2 years ago
13

A company bought a computer for$1,500. Three years later, the computer was sold for $300.

Business
1 answer:
madam [21]2 years ago
6 0

The accounts that will be used to record the disposal of the assets are Gain/loss on sale of asset and Sales Income

<h3>What is a disposal account?</h3>

A disposal account calculates the gain or loss account that appears in the income statement.

The disposal account records the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of.

Hence, the account that will be used to record the disposal of the assets is Gain/loss on sale of asset and Sales Income

Read more about assets disposal

<em>brainly.com/question/1357713</em>

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Kristi is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she p
KATRIN_1 [288]

Answer:

She should pay $22,819 for this investment.

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where P = Annual payment = $5,000

r = rate of return = 12%

n = number of years = 7 years

PV of annuity = $5,000 x [ ( 1- ( 1+ 0.12 )^-7 ) / 0.12 ]

PV of Annuity = $22,818.78

3 0
2 years ago
The workload approach accounts for all of the following EXCEPT ________. A. customer account status B. success rate at closing o
Ganezh [65]

Answer:

B

Explanation:

success rate at closing orders with account.

This is an approach used to set salesforce size. Companies use some forms of this approach to determine sales force size. A company groups accounts into various classes and different sizes, this is done in order to know the number of salespeople needed to call on each class members at the desired number of times.

4 0
2 years ago
Read 2 more answers
Regarding the tax treatment of payments to securities holders, it is true that _______________, while ____________________.
Vladimir [108]

Answer: (d)common stock dividends and preferred stock dividends are not tax-deductible; interest is tax-deductible

Explanation:

Here is the complete question:

Regarding the tax treatment of payments to securities holders, it is true that _________, while _________.

(a)interest and preferred stock dividends are not tax-deductible; common stock dividends are tax deductible

(b)interest and preferred stock dividends are tax-deductible; common stock dividends are not tax-deductible

(c)common stock dividends and preferred stock dividends are tax-deductible; interest is not tax-deductible

(d)common stock dividends and preferred stock dividends are not tax-deductible; interest is tax-deductible

Regarding the tax treatment of payments to securities holders, it is true that common stock dividends and preferred stock dividends are not tax-deductible while interest is tax-deductible.

It should be noted that the profit of a company is gotten when the expenses are deducted from the revenue. The dividends are not tax deductible as they are not expenses.

6 0
2 years ago
​which one of these is a correct definition? ​current liabilities are debts that must be repaid in 18 months or less. ​current a
8090 [49]

Current liabilities are debts that must be repaid within a year.

Current assets are assets with short lives, but inventory is not considered a current asset at times, for example in the quick ratio, inventory is disregarded.

Long-term debts are those that can be paid after a year or more, and not whatever "residual claim" the question speaks of.

Tangible assets are assets which can be felt and have a physical form, but are not necessarily fixed assets.

Net working capital is current assets minus current liabilities.

'The only definiiton that seems correct is the current asset one, although they word it inappropriately.

8 0
3 years ago
n an oligopoly market, collusion between firms usually leads to higher profits than does noncooperative behavior. Howeve r, form
ozzi

Oligopoly is a form of firm syndicate that consist of traders that has same product and try to gain more profit by collaborating to each other.

<h2>Further Explanation:</h2>

There are couple of types of market

  1. Perfect competition
  2. Oligopoly
  3. Monopoly

<h2>Learn more </h2>
  • What is perfect competition : brainly.com/question/3936953

7 0
3 years ago
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