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ASHA 777 [7]
1 year ago
8

Orton corporation, which has a calendar year accounting period, purchased a new machine for $80,000 on april 1, 2013. at that ti

me orton expected to use the machine for nine years and then sell it for $8,000. the machine was sold for $44,000 on sept. 30, 2018. assuming straight-line depreciation, no depreciation in the year of acquisition, and a full year of depreciation in the year of retirement, the gain to be recognized at the time of sale would be
Business
1 answer:
Alex_Xolod [135]1 year ago
5 0
The answer in this question is $4,000. The solution to get the $4,000 answer is $80,000 – [($80,000 – $8,000) ÷ 9 × 5] = $40,000 (BV)
$44,000 – $40,000 = $4,000 (gain)
We have a $4,000 gain to be recognized at the time of the sale.
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Anon25 [30]

These requirements are called Workplace skills. These are the skills that an employee should possess in order for the company to attain its goals. These skills are needed of a candidate or an employee and these skills are needed for all companies or any industry. Examples of workplace skills are good communication skills, having good analytical skills, good interpersonal skills, good leadership skills, and being professional.

4 0
1 year ago
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinishe
professor190 [17]

Answer:

It is more convenient to sell the units unfinished by $500.

Explanation:

Giving the following information:

Units= 1,000

Unfinished:

Selling price= $4.00 per unit.

Complete:

Incremental costs= $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead

Selling price= $8.00 each.

We need to calculate the gross profit of each option and choose the more convenient:

Unfinished:

Gross profit= 1,000*4= $4,000

Complete:

Gross profit= 1,000*(8 - 4.5)= $3,500

It is more convenient to sell the units unfinished by $500.

5 0
2 years ago
The Bureau of Labor Statistics reported the CPI stood at 215.9 in December 2009, while one year earlier it was 210.2. Suppose Ja
makvit [3.9K]

Answer:

Annual rate of inflation = [(215.9 - 210.2) / 210.2] * 100

Annual rate of inflation = 2.7%

Real income change = Nominal income change - inflation rate

Janice Real income change = 4% – 2.7%

Janice Real income change = 1.3%

This means Janice's real income did increase by 1.3%.

Jeff Real income change = 2% – 2.7%

Jeff Real income change = -0.7%

This means Jeff's real income did decrease by 0.7%.

7 0
1 year ago
It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization a
Alexus [3.1K]

Answer:

a. the rapid development of the Internet's capabilities.

Explanation:

It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and the rapid development of the Internet's capabilities.

Globalization can be defined as the process of developing technology, people, investments, informations, products in order to create international influences across cultures and national markets or borders. This makes it possible for various multinational enterprise or companies to break into different markets across world and compete effectively with other companies.

Also, the rapid development of the Internet's capabilities gives various companies the ability and privilege to technology and software applications to seamlessly meet the needs of customers over the web such as cloud computing services, Internet of things (IoT) etc.

7 0
1 year ago
A number of things organizations can do prior to change to prepare employees include which of the following?
natulia [17]

Answer:

The correct answer is Allow employees to particpate.

Explanation:

Following a strategy in which employee participation is promoted does not imply that all problems are delegated to them, or rather unimportant problems; It consists in the active intervention of workers when identifying, analyzing and solving problems that make it difficult to achieve business objectives. It is important that employees get involved in the challenges of the organization to which they belong, and in the same way that they feel satisfied by a positive performance, they must also be aware and persistent in the face of adverse situations that affect the performance of the company.

6 0
1 year ago
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