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ASHA 777 [7]
2 years 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]2 years 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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You are considering a 10-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require a
Schach [20]

Answer:

$1,061.28

Explanation:

We need to calculate the present value of the bond using the minimum effective rate of 7.1225%

First we calcualte the present value of an annuity of $80 for 10 years

C * \frac{1-(1+r)^{-time} }{rate} = PV\\

80 * \frac{1-(1+7.1225%)^{-10} }{7.1225%} = PV\\

PV = $558.72

Then we calculate the $1,000 in 10 years present value

\frac{Principal}{(1 + rate)^{time}}= PV

\frac{1,000}{(1 + 7.1225%)^{10} } = PV

PV =  $502.57

Then we add both values

$502.57 + $558.72 = $1,061.28

This will be the present value AKA market price which yields the minimun rate of 7.1225%

7 0
2 years ago
Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslo
ioda

Answer:

Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslow hierarchy of needs?

Esteem level.

Explanation:

Maslow hierarchy of needs is a theory in psychology that comprises five levels of needs that are represented in a pyramid. The needs that are lower in the pyramid are fundamental needs that have to be satisfied before the needs in the higher levels can be satisfied. The needs lower down in the pyramid are mostly physical needs like food, shelter and finances while the needs higher up in the pyramid tend to focus more in improving the quality of life of a person. They include things like; safety, love, physiological needs and self actualization.

The needs in a five-stage model can be categorized into two groups; deficiency needs and growth needs. The first four levels from the bottom can be referred to as deficiency needs while the top most level is defined as a growth need. Deficiency needs are needs that arise due to deprivation while growth needs don't come from a lack of something but a strong desire to become better. The five categories of needs are; physiological, safety, love and belonging, esteem and self actualization.  

In our case, someone carrying a high-end credit card is someone who does that out of prestige and thus is most likely in the esteem level in the Maslow hierarchy.

5 0
2 years ago
Cliff Company traded in an old truck for a new one. The old truck had a cost of $130,000 and accumulated depreciation of $65,000
RSB [31]

Answer:

the recorded value of the new truck is $135,000

Explanation:

The computation of the recorded value of the new truck is given below;

In the case when the transaction has the commercial substance so the recorded value of the new truck would be equivalent to the invoice price or the fair value i.e. $135,000

Hence, the recorded value of the new truck is $135,000

The same would be considered and relevant

And all other values are to be ignored

4 0
1 year ago
“E-Commerce is a boon to small scale enterprises, `entrepreneurs and customers”. Explain.
Mumz [18]

Answer:

SMEs have realised the importance of E-commerce and using it to gain growth and sustainability.

Explanation:

E-commerce has been a revolutionary step for small scale enterprises and customers towards ease of doing business and e- commerce has helped business to grow and expand. It has helped enterprises to increase their revenue, low operational cost and online presence. Customers can buy goods and services just by a click. They prefer e-commerce because everything is accessible online.

6 0
2 years ago
Mark is a senior manager at a leather manufacturing company. He sets unrealistic goals for the factory workers, and he often mak
crimeas [40]

Answer:

The authority compliance style

Explanation:

The authority compliance style is one of the Blake / Mouton leadership grips where the manager believes that the employees are just a form of means to achieving a goal . As a result of this , the set goals are given more priority over the employees.

Employees under this managerial form of leadership are not motivated as they are forced to work towards achieving the managers goals with in a very stringent condition.

8 0
2 years ago
Read 2 more answers
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