An estate is considered insolvent when its debts and liabilities exceed the value of its assets, in other words, it means the estate does not have enough assets to cover all its debts.
When an estate is insolvent, the effects on heirs and creditors can vary. For heirs, it typically means they will not receive an inheritance, as the estate's assets will be used to pay off the debts. In some cases, heirs may even be responsible for some of the estate's debts if they are co-signers or have other legal obligations tied to the estate. However, this is not always the case, and it's essential for heirs to consult with an attorney to determine their specific legal responsibilities.
As for creditors, they may not receive full payment for the debts owed by the estate. The estate's assets will be liquidated, and the proceeds will be distributed to creditors in a specific order according to the law. This may result in some creditors receiving partial payment or no payment at all, depending on the amount of available assets and the priority of the creditor's claim.
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which term describes the pathway to illness that requires exposure to 2 or more substances or risk factors?
The term that describes the pathway to illness that requires exposure to 2 or more substances or risk factors is "synergistic effect" or "synergism."
Synergistic effect refers to the phenomenon where the combined effect of multiple substances or risk factors is greater than the sum of their individual effects. In the context of illness or disease, exposure to two or more substances or risk factors can interact in a way that amplifies their negative impact on health, leading to a heightened risk or severity of illness. This interaction can occur through various mechanisms, such as increased toxicity, interference with biological processes, or compromised immune function.
The pathway to illness that requires exposure to 2 or more substances or risk factors is known as a synergistic effect, where the combined effect is greater than the sum of individual effects. Understanding synergistic effects is crucial in assessing and addressing health risks associated with exposure to multiple substances or risk factors.
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A company manufactures guitars. Identify each of the following costs as either a prime cost, a conversion cost, or both. 1. Wood used to build the guitar body. 2. Glue used to bind the guitar wood. 3. Wages paid to assembly workers. 4. Depreciation on factory equipment. 5. Rent on factory building 6. Wood to build the guitar bridge
In the context of manufacturing guitars, let's identify each cost as either a prime cost, a conversion cost, or both:
The wood used to build the guitar body - Prime costThe glue used to bind the guitar wood - Prime costWages paid to assembly workers - Conversion costDepreciation on factory equipment - Conversion costRent on the factory building - Conversion costWood to build the guitar bridge - Prime cost1. Wood used to build the guitar body - Prime cost
The wood used to build the guitar body is a prime cost as it is a direct material cost directly involved in the production of guitars.
2. Glue used to bind the guitar wood - Prime cost
The glue used to bind the guitar wood is a prime cost as it is also a direct material cost used in the guitar manufacturing process.
3. Wages paid to assembly workers - Conversion cost
Wages paid to assembly workers are a conversion cost as they are part of the direct labor costs involved in the conversion of raw materials (wood and glue) into finished guitars.
4. Depreciation on factory equipment - Conversion cost
Depreciation on factory equipment is a conversion cost as it is an overhead cost associated with the manufacturing process.
5. Rent on the factory building - Conversion cost
Rent on the factory building is a conversion cost as it is an overhead cost incurred during the manufacturing process.
6. Wood to build the guitar bridge - Prime cost
Wood to build the guitar bridge is a prime cost as it is a direct material cost used in the production of guitars.
Therefore,
Prime costs: Wood is used to build the guitar body, Glue is used to bind the guitar wood, and Wood to build the guitar bridge.
Conversion costs: Wages paid to assembly workers, Depreciation on factory equipment, Rent on factory building.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
A family can have more than one person contributing to the household income for a better financial position.
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Which type of promotion would you use to attract customers quickly with the help of coupons, samples, and free gifts?
(blank) is a way of promoting your products and attracting customers quickly with the help of free coupons, vouchers, samples, and gifts.
Answer:
Sales promotion
Explanation:
Sales promotions refer to the persuasive activities of convincing potential customers to buy a product. The objective of a sales promotion is to boost sales volumes. The tactics used in a sales promotion are designed to have a short term effect. However, a business may acquire long-term customers through sales promotion techniques.
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Answer:
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Explanation:
TRUE/FALSE. suppose there are economies of scale in the production of a specialized memory chip that is used in manufacturing microwaves. this suggests that the microwave industry is a decreasing-cost industry.
Answer:
true
Explanation:
true
Employers will consider an application valid even if it has not been signed.
T or F
none of these strategies suggest transferring your medical debt onto a credit card or taking out a short-term loan to cover the costs. why do you suppose that’s the case?
Because the interest rate in both case is higher than your medical debt's interest rate.
What is interest rate?An interest rate informs you of how much borrowing will cost you and how much saving will pay off.
Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the total loan amount if you are a borrower. For a loan of a particular size, the higher the percentage, the more you must repay.
If you save money, you can find out how much will be deposited into your account as a percentage of your savings by looking at the savings rate. For a given size deposit, your account will receive more money if the savings rate is higher.
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Which of the following statements about the Modified Accelerated Cost Recovery System (MACRS) is true? (Select all that apply.)
Check All That Apply
MACRS is not acceptable for financial reporting purposes.
MACRS is similar to the units-of-production method and is applied over relatively short asset lives to yield high depreciation expense in the early years.
Most corporations use MACRS to calculate depreciation expense for their tax returns.
The lower amounts depreciation expense reported under MACRS reduces a corporation's taxable income and therefore the amount it must pay in taxes.
The following statements about the Modified Accelerated Cost Recovery System (MACRS) are true: Most corporations use MACRS to calculate depreciation expense for their tax returns.
The lower amounts of depreciation expense reported under MACRS reduce a corporation's taxable income and, therefore, the amount it must pay in taxes.
MACRS is an accounting method used for tax purposes to recover the cost of tangible assets over their useful lives. It is widely used by corporations to calculate depreciation expense for their tax returns. The system allows for the accelerated depreciation of assets, meaning that larger deductions are taken in the earlier years of an asset's life. This leads to lower taxable income and, consequently, reduces the amount of taxes a corporation must pay.
Therefore, the statement that the lower amounts of depreciation expense reported under MACRS reduce a corporation's taxable income and the amount it must pay in taxes is true. However, it is important to note that MACRS is not designed for financial reporting purposes. Financial reporting typically follows different accounting standards, such as generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).
MACRS is specific to tax accounting and aims to provide incentives for investment in assets by allowing for faster depreciation deductions. Therefore, the statement that MACRS is not acceptable for financial reporting purposes is also true.
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Please answer it in 1 hour
Write explanation if it needed
I’ll give you upvote immediately
Don’t use excel to solve this question
Given the following yield curve:
(d) Find the at-par yield for an annual coupon bond with face amount \( \$ 100 \) that matures in 3 years. Leave your answer to the nearest cent. (e) Without performing any computations, describe what happens to the yield to maturity for a 5\% annual coupon bond maturing in 3 years compared to the yield to maturity for a 10% annual coupon bond maturing in 3 years.
The yield to maturity for a 5% annual coupon bond maturing in 3 years will be higher than the yield to maturity for a 10% annual coupon bond maturing in 3 years.
Given the following yield curve: The graph of the yield curve will be like this: Yield Curve.
Given the following data, we are to find the at-par yield for an annual coupon bond with a face amount of $100 that matures in 3 years, and we also have to describe what happens to the yield to maturity for a 5% annual coupon bond maturing in 3 years compared to the yield to maturity for a 10% annual coupon bond maturing in 3 years.
(d) To find the at-par yield for an annual coupon bond with a face amount $100 that matures in 3 years, we will look for a point on the yield curve where the yield is equal to the coupon rate, which is 8%.
We can see from the graph that the yield curve intersects the line y = 8% at approximately x = 3.
Therefore, the at-par yield for an annual coupon bond with a face amount of $100 that matures in 3 years is 8%.
(e) Without performing any computations, we can describe what happens to the yield to maturity for a 5% annual coupon bond maturing in 3 years compared to the yield to maturity for a 10% annual coupon bond maturing in 3 years.
We can see from the yield curve that when the coupon rate is lower, the yield to maturity is higher, and when the coupon rate is higher, the yield to maturity is lower.
Therefore, the yield to maturity for a 5% annual coupon bond maturing in 3 years will be higher than the yield to maturity for a 10% annual coupon bond maturing in 3 years.
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Mary wants to split the refund between her savings and checking accounts. How is this accomplished, if possible
This is possible to do. In order to do so Mary has to do it electronically through the use of a tax soft ware or an IRS Free File.
What is a split refund?This helps you to divide your refund into given proportions as you may like. It puts your deposit funds into up to three various accounts.
You have to file a tax return to do this and also fill some forms.
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What total amount of money would you have if you invested $5,000 at 2% interest for 3 years and the interest was calculated using the simple interest method? Use the simple interest example above as a guide to calculate simple interest, please show your work.
Answer:7,445.50
Explanation:
Answer:
simple Interest: $5,300.00
Annually Compounded Interest: 5,306.04
Explanation: Compound Interest means that you earn "interest on your interest", while Simple Interest means that you don't - your interest payments stay constant, at a fixed percentage of the original principal.
list four marketing activities.
Answer:
Marketing is composed of four activitiescentered on customer value:creating,communicating,delivering and exchanging value
Use the information provided below to calculate the Internal Rate of Return (expressed to two decimal places) using interpolation. INFORMATION A machine with a purchase price of R1 200 000 is estimated to eliminate manual operations by R400 000 per year. The machine is expected to have a useful life of four years.
To calculate the Internal Rate of Return (IRR) using interpolation, we need to determine the discount rate at which the net present value (NPV) of the machine's cash flows is zero.
In this case, the machine has a purchase price of R1,200,000 and is estimated to eliminate manual operations by R400,000 per year for a useful life of four years. To calculate the IRR, we need to find the discount rate that makes the NPV of the cash flows equal to zero. Let's set up the equation for NPV: NPV = -Initial Investment + (Cash Flow / (1 + r)^1) + (Cash Flow / (1 + r)^2) + (Cash Flow / (1 + r)^3) + (Cash Flow / (1 + r)^4) Where: Initial Investment = R1,200,000 (negative because it's an outflow) Cash Flow = R400,000 (positive because it's an inflow) r = discount rate (unknown) Now, we need to find the discount rate (r) at which the NPV equals zero. We can use interpolation to approximate the IRR. By trying different discount rates, we can find two rates at which the NPV switches signs (one negative, one positive).
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if i signed the contract for a new car, but never took possession of the car, can i cancel the deal?
Yes. Only after the bank has funded the deal can you no longer change your mind. The car is not legally yours if you haven't taken "delivery" of it.
Can you cancel a car purchase after you've signed?You may be aware of the federal right of withdrawal that applies to some purchases. There is such a regulation, but its primary goal is to protect consumers against pushy door-to-door sales tactics. Vehicles are expressly excluded from its application. In other words, as soon as you signed the sales contract, you officially own the automobile.
How do you cancel a car purchase?The accord can yet be rejected. You must return the car to the dealer to finish the purchase, and they should then return your trade-in and down payment. Regarding how this should take place, each state has its own legislation.
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Which defines room and board?
O housing and meals that are often provided at additional cost
O monetary support that is used to help pay educational costs
O an educational institution or establishment, in particular one providing higher education
O a school that provides training in a specific skill or trade
Room and board are defined as educational institutions or establishments, particularly ones providing higher education. Thus the correct option is C.
What is the definition?A definition of any word is a detailed description defining the accurate meaning to the reader in order to gain information and understand the meaning to utilize in vocabulary and used in any sentence.
Education and knowledge are not equivalent. Education is the means by which you acquire knowledge, which is what you already know. Knowledge is any truth or piece of information that you can retain and apply. We discover new things through education.
Therefore, option C is appropriate.
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1. Which defines room and board?
housing and meals that are often provided at additional cost
2. What is the definition of a college?
an educational institution or establishment, in particular one providing higher education
3. Which describes financial aid?
monetary support that is used to help pay educational costs
4. Which defines continuing education?
the formal classes that focus on a specific area of study, not usually taken for credit
5. What is post-secondary education?
the education level that follows the successful completion of high school
4/20/2023Huda wants to buy soda. A 12-pack costs $9.50. She knows that with the local sales tax of $2.00, the total should be $11.50. However,
when she gets to the checkout, the total is now $13.00. Which type of tax is Huda MOST likely paying that would explain the extra $1.50?
estate
excise
inheritance
income
Answer:
excise
Explanation:
A tax is a compulsory sum levied by the government on goods and services. Taxes increase the price of a good
excise tax is a type of tax levied on certain good and services. It is an example of an intranational tax. Producers pass on this tax to consumers by increasing the price of the good directly
if a person attempts to make a phone call while they are waiting for a meeting to begin, they are________
a. combining tasks
b. multitasking
c. sequential tasking
d. cleaving tasks
12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is as follows:
1. $300,000 in sales on account had not been recorded but were shipped FOB Shipping Point on December 31. The cost of this inventory was $140,000. Bruce and Emmett use a perpetual inventory system.
2. Employees are allowed to carry over up to 10 days of earned vacation days per year up to 40 days. Employees earn an average of $150 per day. A total of 500 earned vacation days will be carried over to 2020. It is probable that the employees will take the vacation days.
3. Accrued wages at December 31, 2019 amount to $50,000.
4. You discover that a product sale was made and recorded in December for $50,000; the product had not yet been shipped. The cost of the product was $24,000.
5. The Prepaid Expense account balance includes the $24,000 cost of a two year insurance policy purchased on April 1, 2019. (Prepaid Expense was debited for $24,000 on April 1, 2019)
6. Depreciation & Amortization expense for the year is $150,000
7. Interest expense accrued on its long-term liabilities is $35,000.
8. A dividend of $40,000 was declared on December 16, to be paid on January 15, 2020
9. It is estimated that 5% of accounts receivable will be uncollectable.
10. Income tax expense is 30% of income before income tax.
INSTRUCTIONS: A. Record the adjusting journal entries
B. Compute the adjusted trial balance amounts
C. Prepare in good form:
a. Multiple Step Income Statement with an other gains and losses section
b. Balance Sheet
c. Retained Earnings Statement
D. Compute the following ratios: Current Ratio, Profit Margin on Sales, Debt to Assets, Earnings per Share, and Book Value per share
E. Record Closing Entries
A. Adjusting journal entries: Sales on account (A/R) 300,000, Cost of goods sold (Inventory) 140,000 and Inventory 140,000. Where Vacation expense is 75,000 and Vacation liability 75,000.
Here are the journal entries:
Wages expense 50,000
Wages payable 50,000
Accounts receivable 50,000
Sales revenue 50,000
Cost of goods sold 24,000
Inventory 24,000
Insurance expense 12,000
Prepaid expense 12,000 [(24,000/24 months) * 9 months]
Depreciation and amortization expense 150,000
Accumulated depreciation and amortization 150,000
Interest expense 35,000
Interest payable 35,000
Bad debt expense 7,500
Allowance for doubtful accounts 7,500 [(5%*A/R) = (5%*150,000)]
B. Adjusted trial balance:
Cash 100,000
Accounts receivable 142,500 (150,000 - 7,500)
Inventory 276,000 (140,000 + 24,000 + 112,000)
Prepaid expenses 12,000
Property, plant & equip 600,000
Accum. dep. & amort. -150,000
Goodwill 60,000
Vacation liability 75,000
Wages payable 50,000
Interest payable 35,000
Accounts payable 80,000
Long-term liabilities 400,000
Common stock 500,000
Retained earnings 365,500 (500,000 - 40,000 - 75,000 - 50,000 - 35,000 - 7,500)
Total 2,111,000
Along with Stockholders' equity which results in Common.
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an mne has a contract for a relatively predictable long-term inflow of japanese yen that the firm chooses to hedge by seeking out potential suppliers in japan. this hedging strategy is referred to as:
The hedging strategy in this scenario is known as natural hedging or operational hedging. By seeking out potential suppliers in Japan, the MNE is able to offset the long-term inflow of Japanese yen with an outflow in the same currency, reducing their overall exposure to currency fluctuations.
This strategy is often used when a firm has a natural offsetting position, such as when their revenues and expenses are denominated in the same currency. about a hedging strategy where an MNE has a contract for a relatively predictable long-term inflow of Japanese Yen and chooses to hedge by seeking out potential suppliers in Japan. This hedging strategy is referred to as.
Natural hedging, also known as operational hedging, involves using existing business operations to offset currency risk. In this case, the MNE is using potential suppliers in Japan to create a natural hedge against the Japanese Yen inflows. By purchasing supplies or services from Japanese suppliers, the MNE can use the incoming Japanese Yen to pay for these expenses, effectively reducing their exposure to currency fluctuations.
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Why does a temporary increase in government purchases increase labour supply in the classical model? Select one:
A. Increased government purchases make people better off, so they work more hours.
B. People prefer to work harder when the government is doing more for them.
C. The increase in current or future taxes needed to pay for the increase in government purchases reduces people's wealth.
D. The rise in government spending increases labour demand, increasing the real wage, and so people increase their labour supply.
The correct answer is D. In the classical model, an increase in government purchases leads to a rise in aggregate demand, causing an increase in labour demand.
As the demand for labour increases, the real wage rate rises, inducing individuals to increase their labour supply.
The increase in labour supply occurs because people are incentivized to work more as they can earn a higher wage due to the increased demand for labour.
This increase in labour supply is independent of changes in taxes or people's preferences for work. Therefore, the rise in government spending leads to an increase in labour demand, resulting in an increase in labour supply.
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Dividing potential customers into groups of similar people is known as
A. customer relationship management
B. market segmentation
C. environmental scanning
D. public accounting
The division of the customers into groups of the similar people is known as market segmentation. Thus correct option is (B).
What is Market Segmentation?Market segmentation is the marketing strategy in which the people are divided into similar groups making the small segments who has the common needs and respond same to the marketing action.
Market segmentation is the process of grouping comparable clients together. Therefore the correct option is (B).
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ideas are: rivalrous. sometimes rivalrous and sometimes nonrivalrous. nonrivalrous. partly rivalrous.
The categorization of ideas as rivalrous or nonrivalrous depends on factors such as exclusivity, availability, and the ability of multiple parties to use the idea without diminishing its value or utility.
Ideas can be categorized as rivalrous, sometimes rivalrous and sometimes nonrivalrous, nonrivalrous, or partly rivalrous depending on the context in which they are used. Rivalrous ideas are those that can only be used by one person or organization at a time, and their use by one party prevents another party from using them. On the other hand, nonrivalrous ideas can be used by multiple parties simultaneously without any negative impact on their use or value. Sometimes, ideas can be partly rivalrous, meaning that some aspects of the idea are rivalrous while others are nonrivalrous. Ultimately, the categorization of ideas as rivalrous or nonrivalrous depends on factors such as exclusivity, availability, and the ability of multiple parties to use the idea without diminishing its value or utility.
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Which post-secondary program requires minimal prerequisites?
Answer with Explanation:
It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:
Age FactorAttained Marks percentage Language Speaking requirement which includes taking an English speaking, learning and writing test. Examples of approved english skills tests programs are TOEFL, IELTS, etc.Minimum Fee depositCharacter CertificateValid PassportPersonal Information Providing Field oriented report which explains why you want to opt this program.Other requirements depending upon the course, university and law that governs the territory in which the institute operates.net income is $15,000, operating expenses are $20,000, net sales total $75,000, and sales revenues total $95,000. how much is the profit margin?
a- 20%
b-16%
c- 75%
d- 79%
The profit margin is 79%. This means that for every dollar in sales revenue, the company is able to generate a profit of 79 cents. This is a strong profit margin and indicates that the company is operating efficiently and effectively. The correct option is d.
To calculate the profit margin, we need to use the formula:
Profit Margin = (Net Income / Net Sales) x 100
Net Income is given as $15,000 and Net Sales are given as $75,000.
Using the formula, we can calculate the Profit Margin as:
Profit Margin = (15,000 / 75,000) x 100 = 20%
However, this answer does not take into account the Operating Expenses and Sales Revenues.
To get a more accurate answer, we need to use the formula:
Profit Margin = (Net Income + Operating Expenses) / Sales Revenues x 100
Net Income is still $15,000, Operating Expenses are $20,000, and Sales Revenues are $95,000.
Plugging these values into the formula, we get:
Profit Margin = (15,000 + 20,000) / 95,000 x 100 = 79%
Therefore, the profit margin is 79%. This means that for every dollar in sales revenue, the company is able to generate a profit of 79 cents. This is a strong profit margin and indicates that the company is operating efficiently and effectively.The correct option is d.
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The profit margin can be calculated by dividing the net income by net sales, and then multiplying by 100. Using the given figures, the calculation would be.
Profit margin = (15,000 / 75,000) x 100 = 20% Therefore, the correct answer is option A, 20%. This indicates that for every dollar of sales revenue, the company earns 20 cents in profit. It's important to note that profit margin is a measure of a company's profitability and is often used by investors and analysts to evaluate a company's financial health. A higher profit margin indicates that a company is generating more profit per dollar of sales, which can be seen as a positive sign. However, it's also important to consider other factors, such as the company's expenses, industry trends, and competition, when evaluating its financial performance.
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Globalization includes all of the following except
O an integrated global economy
O free flow of capital
O free trade
O limits on global expansion
Answer:
d. limits on global expansion
Explanation:
;p
Answer:
limits on global expansion
Explanation:
got it right on edge 2023 business law!!
For this time series, given the information in the table below, what is the Sales forecast for period 7 with method F2?
[Press CTRL and "-" to see the whole table by reducing the font size. Press CTRL and "+" to restore the font size]
Select one:
a.
38
b.
38.3125
c.
35
d.
38.42
e.
None of the above
Using technique F2, the predicted sales for period 7 are 35 (value from period 6). Thus, option (c) 35 is correct.
We can see from the table attached in the image that forecast F1 utilizes a two-period moving average and that forecast F2 forecasts the current period using the value from the prior period.
Organizations may better comprehend systemic patterns across time by using time series analysis. Business users may examine seasonal trends and learn more about their causes using data visualizations. These visualizations can do much more than just display line graphs using today's analytics solutions.
A variable's values in a time series are "an ordered sequence of values at equally spaced time intervals." It is used to comprehend the underlying causes and organizational structure of the seen data, select a forecasting model, and ultimately improve decision-making.
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If toast and butter are complements, then which of the following would increase the demand for toast?a. a decrease in the price of butterb. an increase in the price of butterc. a decrease in the price of toastd. Both a and b are correct.
If toast and butter are complements, then both a decrease in the price of butter and an increase in the price of toast.
If toast and butter are complements, a decrease in the price of butter would increase the demand for toast. Complements are goods that are typically consumed together, so a decrease in the price of one complement (butter) will make the other complement (toast) more attractive to consumers and increase its demand. Similarly, an increase in the price of toast would also increase the demand for butter. As the price of toast increases, consumers may look for alternative products to substitute for toast, such as bread or bagels. However, if butter is a close substitute for toast, consumers may instead choose to consume more butter to compensate for the increase in the price of toast. In both cases, the change in price of one complement leads to a change in the demand for the other complement. This relationship between complements is reflected in the positive cross-price elasticity of demand, which measures the responsiveness of the demand for one good to a change in the price of another good. It is important to note that this relationship between complements assumes that all other factors affecting demand remain constant. In reality, there may be other factors that impact the demand for toast and butter, such as changes in consumer preferences, income, and availability of substitutes.
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the difference between the nominal interest rate and the real interest rate is:
Answer:
Explanation:
A real interest rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor. A nominal interest rate refers to the interest rate before taking inflation into account.
1 WHICH OF THE FOLLOWING PRODUCT IS LIKELY TO BE MADE USING BATCH PRODUCTION?
A MOBILE PHONE
B TOLIET PAPER
C PETROL
D CLOTHES
2 DENTAL TREATMENT IS PROVIDED USING WHICH FORM OF PRODUCTION ?
A FLOW PRODUCTION
B BATCH PRODUCTION
C JOB PRODUCTION
D CAPITAL INTENSIVE PRODUCTION
3 WHICH OF THE FOLLOWING IS AN ADVANTAGE OF JOB PRODUCTION RELATIVE TO OTHER PRODUCTION METHOD ?
A UNIT COST WILL BE LOWER
B PRODUCTION SPEEDS ARE FASTER
C WORKERS MAY BE BETTER MOTIVATED
D FEWER RESOURCES ARE NEEDED
Answer:i THINK num one is C
i THINK num two is B
i THINK num three is D but im not as confedent as the other two.
Explanation:
nike owns equipment that cost $98,300 with accumulated depreciation of $67,200. nike asks $36,200 for the equipment but sells the equipment for $33,800. compute the amount of gain or loss on the sale.
There is a $2800 gain on the sale if Nike sells the equipment for $33,800.
Salvage value can be described as the estimated value of an asset after depreciation. It can be calculated by subtracting the accumulated depreciation from the initial cost. In this case, Nike owned the equipment that cost $98,300 with accumulated depreciation of $67,200, therefore the salvage value can be calculated as follows;
salvage value = $98,300 - $67,200 = $31,000
Now the amount of gain or loss on the sale can be calculated by subtracting the salvage value from the selling price of the equipment which in this case is $33,800, therefore;
amount of gain or loss = $33,800 - $31,000
amount of gain or loss = $2800
Therefore the amount computed on the sale is a gain of $2800.
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