A company sells a plant asset that originally cost $500000 for $225000 on December 31, 2017. The accumulated depreciation account had a balance of $200000 after the current year's depreciation of $50000 had been recorded. The company should recognize a

Answers

Answer 1

Answer and Explanation:

The computation is shown below:

Cost of Assets  $500,000

Less: Accumulated Depreciation -$200,000

Net book value as on 31st Dec 2017 $300,000

Less: Amount realized after sale of an asset -$225,000

Loss from sale of asset   $75,000

As the book value is $300,000 and the sale value of an asset is $225,000

so there is a loss of $75,000 from this given transaction


Related Questions

Answer correctly brainlist

Representative money has value based on:

A. the type of material that was used to make it.

B. an agreement that it can be exchanged for something else.

C. the role it plays in traditional religious ceremonies.

D. a government declaring that it is a legal currency.

Answers

Answer:

A. the type of material that was used to make it.

Explanation:

Apple, Dell, Seagate, and other U.S. companies have been criticized for sending manufacturing jobs to other countries to cut down on costs. Sending jobs overseas is called ____________.

Answers

Answer:

offshoring

Explanation:

buisness process from one to another

Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company's growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?

Answers

Answer: D. use a manufacturing process that is compliant with all state and federal regulations.

Explanation:

The options to the question are:

a. pay less taxes

b. substitute the existing labor power with machines

c. double the output of the manufacturing process by asking workers to work overtime

d. use a manufacturing process that is compliant with all state and federal regulations

e. organize picnics for employees

Since Stephen wants to ensure the welfare of secondary stakeholders, he should use a manufacturing process that is compliant with all state and federal regulations

The secondary stakeholders are the individuals or entities that the company doesn't have direct economic transactions with e.g. the government, environmental groups, media etc.

Therefore, to please the secondary stakeholders, he must abide to the necessary rules and regulations.

What is it called when businesses are doing poorly and stock prices drop?

Answers

Answer:

When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds

Explanation:

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.
True
False

Answers

Yo, the answer to your question is FALSE

what is a potential problem with global trade

Answers

As the world’s largest economy, the United States has a lot of economic power and influence. However, under President Trump, the United States has decided to engage in a series of trade wars, using tariffs as its main weapon. Throughout his campaign, Donald Trump repeatedly stated that he believed that the United States was suffering from a series of bad trade deals and currency manipulation tactics from nations such as China. To make it more clear Rising tariffs. There are also other ones like pollution and green house gas, methane and more! Another one is Intellectual property theft and counterfeiting. This issue also is primarily between China and the United States. President Trump has accused the Chinese of participating in rampant intellectual property theft via cyberattacks and forced technology transfers. The Chinese have also been accused by many different parties of counterfeiting numerous brands and products. Hope this helps!

WILL MARK BRAINLIEST

Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?

The net income Etiquette Inc. earns is $______.

Answers

Answer:

$115,000

Explanation:

150,000-35,000

true or false:
One of the most important jobs of a national political committee is to raise money for candidates running for office.

Answers

False.

nwowoo2k2o2i2msj2dn93xoowso

The answer is
False!
Have a great day

Which non-income factor for a potential job would influence a person who needs to be
available to drive children to and from school and activities?
O Working hours
O Location
O Independence
O Personal satisfaction

Answers

Answer:

The non-income factor for a potential job which would influence a person who needs to be  available to drive children to and from school and activities is:

O Independence.

Explanation:

Independence, obtained through as a self-employed person or as an independent contractor, enables the worker to be available to drive her children to and from school and their various school-related activities.  The working hours of a self-employed person or an independent contractor are largely self-determined.  She can also choose appropriate location for her business office.

It should be noted that the non-income factor that can influence potential job which will in turn influence a person who needs to be available to drive children to and from school and activities is Independence.

Non-income factors can be regarded as factors that has influence on individual careers as well as the lifestyle.

Therefore, for individuals that want to be drive children to and from school and activities everyday, needs independence.

We can conclude that he needs independence because he will have enough time to cater for those children.

Learn more about potential job at:

https://brainly.com/question/12474722

Can you outsmart me test? I will give you 20 brainly points!

Answers

Answer:

Yes I can outsmart you :)

Explanation:

What is fiat money and why does it have value?

Answers

The answer is… Fiat money is a type of currency that has the value because it's backed by a type of government, not because it represents ownership of a physical good, such as shinning gold. Hope this helps!

Assuming that the direct materials used are $1880000, compute the total manufacturing costs using the following information.
Raw materials inventory, January 1 $ 20000
Raw materials inventory, December 31 40000
Work in process, January 1 18000
Work in process, December 31 12000
Finished goods, January 1 40000
Finished goods, December 31 32000
Raw materials purchases 1900000
Direct labor 760000
Factory utilities 150000
Indirect labor 50000
Factory depreciation 400000
Operating expenses 420000
A. $420000
B. $3060000.
C. $3660000.
D. $3240000.
E. $3246000.

Answers

Answer:

D. $3240000.

Explanation:

Particulars                               Amount ($)        Amount ($)

Direct materials used                                          1,880,000

Direct Labor                                                         760,000

Manufacturing Overheads

Factory Utilities                          150,000

Indirect Labor                             50,000

Factory Depreciation                 400,000           600,000

Total Manufacturing cost                                  $3,240,000

Customer relationship management is used for all of the following EXECPT
Can anyone help me with this question? Please and thank you.

A. to target highly valued customers.

B. to identify all customers who shop with the company.

C. to develop strong customer relationships.

D. to create offers tailored to specific customers.

Answers

Answer:

The correct answer is B.

Explanation:

hope it help

_____ give the job seeker the ability to search several different Internet career sources at the same time.


Corporate career center Web sites

Company Web sites

Meta job search engines

None of the above

Answers

Answer:

Search engines.

Explanation:

A Search engine is an internet resource or service that searches for keywords or categories specified by the end user and then displays (shows) a list of website which matches or have informations similar to the query. Some examples of popular search engines are Goo-gle, Bing, Yahoo, etc.

Search engines avails a job seeker the ability or opportunity to search several (different) Internet career sources at the same time. This is so because search engines are a global resource that comprises of several website in their database, which all end users with an active internet connection can easily access remotely.

Answer:

Meta job search engines

Explanation:

got 100 on final exam

What should you do after attending a college fair?

A. Make a folder for each college.

B. Read the materials once you have decided which college you want
to attend.

C. Throw away everything you received at the fair except the
guidebooks

D. Store all the information you collected in your closet and don't look
at it until you're ready to apply to college.

Answers

Answer:

B and A

Explanation:

both of them are good things to do but B is better.

Hope this helps you :)

Which companies or organizations keep track of your borrowing history?
Credit bureaus
Your financial institutions
The IRS
The Department of Consumer Affairs

Answers

Answer: Credit Bureaus

Explanation:

Credit Bureaus collate the lending history details of people so that lenders can access this information in case people want to borrow money from the lending institutions.

The kind of data that credit bureaus collect is pretty extensive in nature and covers everything from loans that were paid and unpaid to loans that were applied for but never approved. Even court judgements can appear in such data as well as contact addresses.

Patents and copyrights are considered to be what type of resource?
A. Structural/cultural
B. physical
o
C. intangible
D. financial

Answers

Answer:

The answer to your question is C.

Explanation:

Ur answer should be c

What can accountants do for businesses or individuals?

Answers

My mom actually has her accountant degree but she quit after a few years and got a different degree. any ways here you go!

An accountant can advise on business structure.

An accountant can issue invoices.

An accountant can record sales.

An accountant can manage and pay invoices from suppliers.

An accountant can manage payroll.

An accountant can keep you up to date with tax laws and changes.

Which of the following would be an advantage of engaging in international
trade over domestic trade?
A. Higher cost of production due to higher labor costs
B. Larger growth opportunities based on market size
C. Clear understanding of laws and statues concerning business
operations
D. Less choice for consumers because of fewer products

Answers

Answer:

B. Larger growth opportunities based on market size

Explanation:

Took the test and guessed it correctly

What can be said about the culture of services?
I. Processes are invisible
II. Processes are well defined
III. More scientific
IV. Not well defined or documented

A. I, II, and III only
B. I, II, and IV only
C. II, III, and IV only
D. All of the above

Answers

Answer is b hope this helps

In the service culture, processes are invisible and procedures are not well defined or documented. This culture is focused on customer service, to provide the best experience.

Therefore, processes are invisible, that is, the customer is not able to identify internal processes if they are not useful, but they must perceive the service as a mystery where all their needs are promptly met.

In the service culture, this is also not well defined or documented, so as not to create standardization of the service, but a personalized service that meets the needs of each customer individually.

Therefore, in the service culture, the focus is on offering the best experience for the customer, through the creation of value, excellent service and employees capable of satisfying their needs.

The service culture is capable of generating greater competitiveness, customer loyalty and positioning for a company.

Learn more here:

https://brainly.com/question/15401740

Select the correct answer.
Which is the first step that managers should take to resolve a conflict within a diverse team?
allow each individual to offer a solution
encourage each individual to propose a mediator
get each individual to state the problem from his or her viewpoint
a
approach senior management for a solution

Answers

Answer:

get each individual to state the problem from his or her viewpoint.

Explanation:

The first step that managers should take to resolve a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.

Answer:

get each individual to state the problem from his or her viewpoint

Explanation:

that is the correct answer and here is why the first step for resolving a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.

24. You can be sure that a bond will sell at a premium to par when _________. Multiple Choice its coupon rate equal to its yield to maturity its coupon rate is less than its conversion value its coupon rate is less than its yield to maturity its coupon rate is greater than its yield to maturity

Answers

Answer:

its coupon rate is greater than its yield to maturity

Explanation:

A par bond can be regarded as bond which is been seld at its exact face value. This typically express that a bond which sells for $1,000, because

this is the face value of most of the available bonds. A par bond will produce yield to the investor that has matches with coupon amount which is been attached to the bond.

A premium bond can be regarded as bond that is trading above its face value, it is one that it's costs is more than the face amount that is on the bond. When a bond trade at a premiums then its interest rate is higher compare with current rates in the market. A bond which is trading above its par value as regards secondary market can be regarded as premium bond. It should be noted that one can be sure that a bond will sell at a premium to par when its coupon rate is greater than its yield to maturity

The time value of money simply means that the value of cash flows depends on when it happens.
True
False

Answers

False only the IRS uses time value of money


What can be used to customize how the data is tracked in the Conversions
column

Answers

Answer:

The answer is "Include in Conversions setting".

Explanation:

It may or may not want to include information from a conversion action in your reporting row "Conversions." For each one of your transfer actions, you can set its configuration. So, how it can include some categories of conversions to not include others, therefore, it can use Conversions to change how well the data throughout the Conversions section is monitored.

HELP PLEASE!!!
1. The Building & Construction encompasses both hands-on vocations and conceptual high-end careers.
True
False

2.
What is the minimum education needed to start a career as a Cabinet maker?
A college diploma in cabinet making
An Associates degree in cabinet making
A Ph.D. in woodworking is required
Only vocational training is needed to start a career as a Cabinetmaker

3. A majority of the careers that require more education also tend to pay a higher salary.
True
False

4. Many careers require some education beyond high school even for entry level positions. The career in Section 3 that is an exception to this is:
Welder
Cabinetmaker
Electrician
Set Decorator

5. The career that encourages obtaining an APTI or CAT certification is
HVAC Installation and Maintenance
Air Pollution Control Manager
Water Quality Specialist
Building Inspector

Answers

Answer:

#1 is False

#2 Cabinet makers are not required to have completed formal education related to the trade, but most employers prefer to hire individuals with a minimum of a high school diploma or General Educational Development (GED) credential.

#3 True

Explanation:

Which component of table setting includes knives?
O A.
lunchware
OB.
flatware
O C.
steelware
OD.
dinnerware
O E.
drinkware

Answers

Answer:

Steelware I think

Explanation:

GAWAIN 3
Panuto: Magbigay ng halimbawa ng mga karunungang bayang nabasa o narinig mo sa inyong
pamayan. Ang halimbawang ibibigay ay dapat nakasulat sa sarili mong diyalekto.
1. Tula/ Awiting Panudyo
2. Tugmang de gulong
3. Bugtong
4. Palaisipan​

Answers

Explanation:

Heto na ang magkapatid, nag-uunahang pumanhik.Heto na ang magkapatid, nag-uunahang pumanhik.Sagot: Mga paa

Jones Company allocates manufacturing overhead based on machine hours. Each chair produced should require 3 machine hours. According to the static budget, the following is expected to incur: 1,200 machine hours per month (400 chairs x 3 hours per chair) $6,000 in variable manufacturing overhead costs $8,400 in fixed manufacturing overhead costs During January, Jones Company actually used 1,100 machine hours to make 410 chairs. The company spent $5,800 in variable manufacturing overhead costs and $8,100 in fixed manufacturing overhead costs. What is the fixed manufacturing overhead allocation rate (to the nearest cent)

Answers

Answer:

the fixed manufacturing overhead allocation rate is $7 per hour

Explanation:

The computation of the fixed manufacturing overhead allocation rate is shown below;

Fixed manufacturing overhead allocation rate is

= Budgeted Fixed overhead  ÷ Budgeted allocation base

= $8,400 ÷ 1,200 budgeted machine hours

= $7.00 per hour

Hence, the fixed manufacturing overhead allocation rate is $7 per hour

“Gambler fallacy” is the Believe that if people keep gambling they will eventually win big
true or false

Answers

The answer is False

Hi hope you doing well!

The total compensation package that equalizes the purchasing power of an expatriate manager with that of employees in similar positions in the home country and provides incentives to offset the inconvenience incurred in the location is known as the approach

Answers

Answer:

Explanation:The main compensation items for expatriates involve base pay, cost-of-living adjustments, housing allowances, home leave, education assistance for dependents and premium pay.

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