answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
JulijaS [17]
1 year ago
9

Marquez purchased some equipment for $58,750 on August 15, 2018.

Business
1 answer:
Sauron [17]1 year ago
4 0

Answer:

$4,714

Explanation:

Given that,

Cost of equipment = $58,750

Equipment was subject to depreciation of $6,964 for 2018 and 2019.

Sale value of equipment = $56,500

Net book value = Cost of equipment - Depreciation

                          = $58,750 - $6,964

                          = $51,786

Capital gain = Net book value - Sale value

                    = $51,786 - $56,500

                    = $4,714

Therefore, the Marquez recognize a gain of $4,714 on the sale of the equipment.

You might be interested in
When should a writer establish common ground before the bottom line statement
boyakko [2]
A writer should establish common ground before the bottom line statement <span>when the reader may disagree with the bottom-line statement.</span>
4 0
2 years ago
Read 2 more answers
Your company works with freelance writers, and Jake, your colleague, is responsible for processing the freelancers' invoices. La
trapecia [35]

Answer:

The sentence uses an active voice

In this case active voice is not appropriate

Explanation:

Mode of expression can be passive or active.

Passive voice is one that emphasises the subject or person that is receiving an action.

An active voice describes a person that is performing an action.

In this scenario Jake accidentally input $560 instead of $650 on one of the invoices. The writer hasn't contacted you about the error yet.

So the email sent should just focus on what has happened to the writer and also to proffer a solution to the problem.

Since the writer did not complain or request for information on who made the mistake, stating that it was Jake that made the error is inappropriate.

A better statement would have been - An error was made on your invoice where the figure was inputted as $560 instead of $650. This however has been rectified and the invoice forwarded to you.

4 0
2 years ago
Romeo Corporation reports the following for the year:
Wewaii [24]

Answer:

C. $15,000

Explanation:

Given that

Finished goods inventory, January 1 $ 3,200

Finished goods inventory, December 31 4,000

Total cost of goods sold 14,200

So the cost of goods manufactured is

As we know that

Cost of goods sold = Opening balance of finished goods + Cost of goods manufactured - ending balance of finished goods

$14,200 = $3,200 + Cost of goods manufactured - $4,000

So, the cost of goods manufactured is $15,000

3 0
1 year ago
The following are data for an economy in billions of dollars: Net rental income 141 Depreciation 1,241 Compensation of employees
Brilliant_brown [7]

Answer:

GDP= 9,872

Explanation:

The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the economy including consumer consumption, investing, government spending, and net exports. This method calculates what a country produces, assuming that the finished goods and services of a country equals the amount spent in the country for that period.

The formula is:

GDP=C+I+G+/-NX

GDP: Gross Domestic Product

(C) consumer spending – this is the amount that all consumers spend on goods and services for personal use.

(I) investment – this is the amount that businesses or owners spend to invest in new equipment or expansions.

(G) government spending – this includes spending on new infrastructure like bridges and roads.

(NX) net exports – this includes spending on a country’s exports minus its spending on imports.

GDP= 6,728+1,767 +1,741+(1,102-1,466)

GDP= 9,872

7 0
2 years ago
Shawnee Hospital installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $15,
Zarrin [17]

Answer: d. $45,000 should be debited to Land Improvements.

Explanation:

Land improvements records any moderation to land asset that is expected to add to its value and lasts for more than a year.

The paving and lighting of the parking area will add value to the area and will last longer than a year so both should go to the Land improvement account. As this account is an asset account, it will be debited when increased:

= 30,000 + 15,000

= $45,000

6 0
1 year ago
Other questions:
  • Presented below are three revenue recognition situations.
    6·1 answer
  • An individual works downtown and pays $600 per month in rent for an apartment located 10 miles from her office. She has calculat
    11·1 answer
  • On January 1, last year, Randy was awarded 15,000 ISOs at an exercise price of $3 per share when the fair market value of the st
    6·1 answer
  • Oliver owns Wifit, an unincorporated sports store. In 2019, Wifit earned $100,000 before Oliver drew out a salary of $60,000.
    9·1 answer
  • If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was a
    5·1 answer
  • Firms have several choices of diversification initiatives that can be used to create value. Which of the following is not one of
    13·1 answer
  • Last year, you purchased 400 shares of Analog stock for $12.92 a share. You have received a total of $136 in dividends and $4,30
    9·1 answer
  • For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acqu
    5·1 answer
  • A nursery has $50,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 28% and the profit on a
    10·1 answer
  • Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions disp
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!