The entry to record the sale of equipment is:
Cash $18,800 ; Accumulated Depreciation $24,000 ; Equipment $40,000 ; Gain on Sale of Equipment $2,800
1. Gain or loss on the sale of the equipment:
In order to calculate the gain or loss on the sale of equipment, the book value of the equipment must be determined first.
Book value = Original Cost - Accumulated Depreciation
Book Value = $40,000 - $24,000
= $16,000
Since the equipment was sold for $18,800, the corporation will make a gain.
To find the gain, you subtract the book value from the sale price.
Gain = Sale Price - Book Value
Gain = $18,800 - $16,000
Gain = $2,800
Therefore, the corporation had a gain of $2,800 on the sale of the equipment.
2. Record the sale of the equipment: To record the sale of the equipment, we need to calculate the accumulated depreciation up to the date of sale, the book value, and the gain or loss on the sale of the equipment.
Then we record the transaction on the books of accounts.
Accounts Debit Credit Cash $18,800
Accumulated Depreciation $24,000
Equipment $40,000
Gain on sale of equipment $2,800
To record the sale of equipment, we debit cash for the amount of the sale proceeds ($18,800), and credit accumulated depreciation ($24,000) and the original cost of the equipment ($40,000).
The book value of the equipment is $16,000 ($40,000 - $24,000).
The gain on the sale is $2,800 ($18,800 - $16,000).The gain is credited to the account "Gain on sale of equipment".
The corporation does not have a separate account called "loss on sale of equipment" because it made a gain, not a loss on the sale of the equipment.
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what is the name for the form of medical practice management under which personal property cannot be attached in litigation?
The time period you may be relating to is "Professional Corporation" or "Professional Association" (abbreviated as PC or PA). A professional company is a felony shape that lets certified specialists, such as physicians, dentists, and attorneys, function their practices as a separate felony entity.
One of the blessings of a professional employer is that it gives some safety against private legal responsibility for the expert's movements or debts. Generally, the private assets of the man or woman practitioners are protected against being seized to meet the agency's liabilities or judgments as a result of litigation.
However, it's miles important to notice that there are exceptions to this safety, which include cases of private malpractice or other wrongful movements.
It's well worth bringing up that the precise legal guidelines and guidelines governing expert corporations might also range by means of jurisdiction, so it is continually advisable to consult with a prison professional or professional for your unique area to apprehend the particular policies and protections relevant to medical exercise control.
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a company deposits $35,000 each year (beginning one year from today) into a fund that can earn 5.20%. what will be the value of the fund seven years from today?
The value of the fund seven years from today will be $264,948.31.
Worth of money through time. PV is a crucial component of the time value of money, which is the foundation of finance, along with FV, I/Y, N, and PMT. Without PV, there cannot be mortgages, vehicle loans, or credit cards. Instead, feel free to visit our Future Value page to learn more or perform calculations. As you can see in this illustration, comparing historical mutual fund NAV can show you that the performance of the XYZ fund was not great in 2016 but improved after that. The mutual fund 5-year return as of the end of 2019 can be computed by dividing the total number of years by the sum of the starting and ending NAV.
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the internet has made learning to play a musical instrument easier than ever, withthousands of web sites offering free music lessons. what happens in the musicalinstruments market as a result of the availability of these free lessons?a the demand curve shifts out, pushing up the price.b the demand curve shifts out, which in turn causes the supply curve to increase.the overall effect on price is ambiguous.c the supply curve increases, pushing down the price.d the price of musical instruments falls, causing an increase in the quantity de-manded.
The availability of these free lessons on the internet makes the demand curve shifts out, pushing up the price.
It is presumed that the internet has made it possible for everyone to easily and without charge learn a musical instrument. Due to the availability of free music lessons, there is a corresponding rise in demand for such lessons, which drives up market prices and shifts the demand curve to the right, driving up prices. Online retail has become increasingly popular over the past few years. In order to meet the rising demand for their goods, many businesses have switched to online platforms. Because of the benefits of convenience and cost-effectiveness, musical instrument retailers can reach their clients by engaging in online retail. A device made or modified to produce musical sounds is called a musical instrument. In theory, any object that makes sound can be regarded as a musical instrument; the item becomes a musical instrument through use. An instrumentalist is someone who performs on an instrument.
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Does it matter how much money you make in your career?
Answer:
Yes,it does matter how much money you make in your career
which task is carried out by book keeping
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
You can save $1,000 per year for the next ten years in an account earning 6 percent per year. How much will you have at the end of the sixth year if you make the first deposit next year?
At the end of the sixth year, if you make the first deposit next year and continue to save $1,000 per year in an account earning 6 percent interest per year, you would have approximately $1,418.50.
The question asks how much money you will have at the end of the sixth year if you start saving $1,000 per year in an account earning 6 percent interest per year, with the first deposit made next year.
To calculate this, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment
P = the principal amount (the initial deposit)
r = the annual interest rate (as a decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested
In this case, the principal amount is $1,000, the annual interest rate is 6% (0.06 as a decimal), the number of times interest is compounded per year is 1 (since it is not mentioned), and the number of years the money is invested is 6.
Using these values in the formula, we can calculate the future value of the investment:
A = $1,000(1 + 0.06/1)^(1*6)
A = $1,000(1 + 0.06)^6
A = $1,000(1.06)^6
A ≈ $1,000(1.4185)
A ≈ $1,418.50
Therefore, at the end of the sixth year, if you make the first deposit next year and continue to save $1,000 per year in an account earning 6 percent interest per year, you would have approximately $1,418.50.
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The opportunity cost of watching a movie will be equal to;
А) The time lost while watching the show
B)The pleasure that could have been enjoyed watching TV instead
С )The pleasure enjoyed by watching the show
D) The amount paid to buy the tickets
Answer:
А) The time lost while watching the show
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up.
A and D seems correct, but the wording on D makes A the better answer.
also known as books of financial entry
Answer:
A daybook is a descriptive and chronological (diary-like) record of day-to-day financial transactions; it is also called a book of original entry. The daybook's details must be transcribed formally into journals to enable posting to ledgers.
Explanation:
Hope it helps
can someone tell me what car u like bc i need inspo, like a V6 or something
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
Chris is gathering information about the general economic environment in nepal. In doing so, he will look for information about the general economic environment, market size and population growth rate, and.
In order to gather information about the general economic environment in Nepal, Chris should look for information about the general economic environment, market size and population growth rate, and e. real income.
In the field of business, the general economic environment of a country refers to the performance of businesses and organizations of the country and the revenue that they are producing.
In order to gain knowledge on the general economic environment of Nepal, Chris should first look at the general economic environment worldwide and ten also at Nepal in particular. He needs to know the market size of Nepal in order to speculate whether the general economy is proving to be beneficial.
Population growth also affects the general economic environment as the more the population, the more will be the revenue. He also needs to look at the real income that is made by the people or businesses.
Although a part of your question is missing, you might be referring to this question:
Chris is gathering information about the general economic environment in Nepal. He will look for information about the general economic environment, market size and population growth rate, and
a. political status.
b. airport capabilities
c. culture.
d. religious institutions
e. real income
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These investors earn returns from receiving dividends and from stock price appreciation.
A. bondholders
B. stockholders
C. investment bankers
D. managers
One who holds at least one share of a company's capital stock is referred to as a stockholder, shareholder, or stockholder. The majority of the owners of a company are its stockholders, who often benefit from its success in the form of rising stock prices.
The correct answer is option B. Stockholders.
One who owns stock in a corporation is referred to as a stockholder. Shareholders own a portion of that business. If you own stock in the newest, greatest, most stable new start-up business, your shares are undoubtedly very valuable. People who own shares in a corporation, or who hold stocks, are said to be stockholders.
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A nurse manager is considering delegation an important task. What steps should the manager take in the delegation process? (select all that apply. )
The steps a nurse manager should take in the delegation process include assessing the task, identifying the right person, providing clear instructions, communicating effectively, monitoring progress, and evaluating outcomes.
Delegation is an essential skill for nurse managers to ensure efficient and effective work processes. Here are the steps a nurse manager should take in the delegation process
Assess the task: The first step is to assess the task to be delegated. Determine the complexity of the task, the level of skill required, and the potential risks involved. This will help you decide who to delegate the task to and what level of supervision is required.
Identify the right person: Identify the right person for the task based on their skills, experience, and training. Consider their workload and availability, and ensure they have the necessary resources to complete the task.
Provide clear instructions: Ensure that the person to whom the task is delegated understands the task's objectives, expected outcomes, and any relevant deadlines. Be clear about what level of decision-making authority they have and what support and resources are available to them.
Communicate effectively: Effective communication is crucial in the delegation process. Ensure that the person to whom the task is delegated understands the instructions and has an opportunity to ask questions. Establish a communication plan to keep track of progress and provide feedback.
Monitor progress: Monitor progress regularly to ensure that the task is on track and identify any potential issues early on. Provide guidance and support as needed, and be available to answer any questions.
Evaluate outcomes: Once the task is complete, evaluate the outcomes to determine whether the objectives were met, and identify any areas for improvement. Provide feedback to the person who completed the task, and use the experience to improve the delegation process in the future.
By following these steps, a nurse manager can effectively delegate tasks and ensure that their team operates efficiently and effectively.
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Please help!!!
A major revision task involves assessing the clarity of your message. A clear message is one that is easily
understood. Describe three techniques that can improve the clarity of your writing. Include an example of each
technique
Answer:
1) Know what you want to say
2) Know who you're talking to
3) Define unfamiliar words
4) Create a sentence outline
5) Write one-sentence paragraphs
6) Make your sentences short
7) Don't use long words
8) Leverage writing tools
What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
Which of the following is an example of a rational buying motive?
O a. love
O b. fear
O c. economy
O d. self-image
Buying a birthday card for your sister because you adore her is one example of this motivation. answer options. Emotional purchasing motivation. Buying with logic.
What do you mean by motivation?
Motivation comes from the word'motive,' which refers to a person's needs, desires, wants, or drives. It is the process of persuading people to do something in order to attain a goal. A desire for money might be one of the psychological factors driving people's behavior in the context of professional objectives. Motivation is comprised of three primary components: activation, perseverance, and intensity. The decision to begin an action, such as enrolling in a psychology class, is an example of activation. Persistence is defined as the persistent endeavor toward a goal in the face of challenges.
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a company has 1000 employees on average and they spend, on average, 8 years with the company. what is the number of new employees recruited each year and the average tenure of an employee?
A company wih 1000 employees on average, where each employee spends 8 years with the company, recruits approximately 125 new employees each year, and the average tenure of an employee is 8 years.
1. Calculate the total number of employee-years: Multiply the average number of employees (1000) by the average tenure of an employee (8 years).
Total employee-years = 1000 employees * 8 years = 8000 employee-years.
2. Calculate the number of new employees recruited each year: Divide the total employee-years by the average tenure.
New employees per year = 8000 employee-years / 8 years = 1000 / 8 = 125 new employees per year.
3. The average tenure of an employee is already given as 8 years.
A company wih 1000 employees on average, where each employee spends 8 years with the company, recruits approximately 125 new employees each year, and the average tenure of an employee is 8 years.
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Lucky Laundry reported assets of $950 and equity of $580. What is Lucky's debt ratio?
Answer:
0.3894
Explanation:
Debt Ratio = Total Debts/Total Assets
We will find the amount of Debt since amount of total assets is given
Assets = Liabilities + Equity
$950 = L + $580
L = $950 - $580
L = $370
Now lets find the Debt ratio
Debt Ratio = Total Debts/Total Assets
= $370/$950
= 0.3894
Design, construction, tests, and use of eye and face protection must be in accordance with
ANSI
Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
In your own words, explain what actuarial value is
Answer: What id say an actuarial value is, something you pay for in advanced, like if you buy a game from game stop, and you have to wait for it to actually come out, and they put it on hold for you and stuff, I think that is what actuarial value is, to be honest i have heard of it but never learned it 100% i hope this is correct and hope it helped, have a wonderful day!
Explanation: brailiest please <3
if the cross-price elasticity of two goods is positive, then the two goods are question 4 options: a) complements. b) inferior goods. c) substitutes. d) normal goods.
Option C is correct. if the cross-price elasticity of two goods is positive, then the two goods are substitutes.
What is a substitute good?The term substitute good can be defined as the good that can be used in place of another good. It is a good that the consumers may decide to buy because the previous good they used to use is no longer within reach. An example of substitute good can be seen in different brands of milk. As the price of one brand soars, the consumers may be forced to go for another brand that is cheaper and can take care of the same need.
For instance we can also use tea and coffee, a positive cross price elasticity would mean that if the price of tea is higher, the people would want to switch to drinking coffee.
Hence we can say that if the cross-price elasticity of two goods is positive, then the two goods are substitutes.
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Kensington, Inc. is considering an investment in new equipment. The project has a payback period 3.25 years and its initial cost is $36,000. Determine the missing cash flow from the list below. Year 1: $9,000 Year 2: $12,000 Year 3: $
The amount of missing cash flow for the year 3 is $12,000 on the amount of investment of $36,000 made by Company K.
What is the payback period?The payback period is one of the methods of capital budgeting that enables us to know the number of years in which the invested amount gets recovered. It is determined by dividing the cost of investment by the annual cash flows.
Given values:
Amount of investment: $36,000
Cash flow of Year 1: $9,000
Cash flow of Year 2: $12,000
Computation of cash flow for the third year:
\(\rm Payback \rm\ period= \rm \ Number \rm\ of \rm \ year \rm \ before \rm \ breakeven + \frac{\rm\ Cumulative \rm\ cash \rm\ flow \rm\ for \rm\ 2nd \rm\ year }{\rm\ Cash \rm\ flow\rm\ for \rm \ third \rm\ year } \\\rm 3.25 \rm\ years= \rm\ 2 \rm\ years + \frac{\$36,000-\$9,000-\$12,000}{\rm\ Cash \rm\ flow\rm\ for \rm \ third \rm\ year } \\\rm Cash\ \rm flow \rm\ for\rm \ third \rm\ year=\frac{\$15,000}{1.25 \rm\ years}\\\rm Cash\ \rm flow \rm\ for\rm \ third \rm\ year = \$12,000\)
Hence, the amount of cash flow for the year 3 come out to be $12,000 by using the payback period formula.
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duties of an office clerk
Answer and Explanation:
The office clerk is the person who is maintaining the setting of an office i.e answering the call of the customers or clients, documents filing, data entry, etc. In brief, it is described below
The duties of an office clerk are shown below:-
1. Reply calls and happily welcome customers.
2. Assist in reporting obligations.
3. critical roles in bookkeeping.
4. Compile financial statements.
5. Needs to call to suitable people for redirect.
6. Respond to business enquirers.
7. Aid coordinate events within the workplace.
High buyer switching costs increases the threat of new entrants. True or False
QUESTION 3 The higher the chance that a substitute eliminates the need for the focal industry's product, the lower the threat of substitution. True or False
True. High buyer switching costs refer to the expenses or difficulties associated with customers switching from one supplier or product to another.
Does high buyer switching costs increase the threat of new entrants?When buyer switching costs are high, it becomes more challenging for new entrants to attract customers away from existing players in the market.
This is because customers are less likely to switch to a new product or supplier if it requires significant effort, time, or expense to do so.
As a result, high buyer switching costs act as a barrier to entry, reducing the threat of new entrants in the industry.
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why all choices are economic choices?
Answer:
All choices are economic choices because with every choice we make, we are (sometimes subconsciously) analyzing the costs and benefits of our options. Our choices are guided by self-interest and every choice we make involves some kind of cost, whether it be time or money or something else.
Erin spent $25, $36, $18, and $42 on lunch in the last four
weeks. What was her average weekly expense for lunch?
Answer:
121 weekly i hope this hepl
Van Lines Inc. is a large corporation operating in all 50 states. Jim Poulos is the regional manager overseeing the western division, which includes Utah, Colorado, Idaho, Montana, Wyoming, and Nevada. Jim receives data from his managers in each state that he loads into his digital dashboard for analysis of his entire division. What digital dashboard capability is Jim primarily using
Jim Poulos, the regional manager overseeing the western division, which includes Utah, Colorado, Idaho, Montana, Wyoming, and Nevada, is primarily using the digital dashboard capability of data analysis.
A digital dashboard is a business intelligence tool that is used to present information in a simplified and visual manner. A digital dashboard presents data from various sources in a single place. It also includes information about a company's performance and metrics in real-time. A digital dashboard is capable of showing data from various departments, including finance, human resources, marketing, sales, and others. The dashboard’s primary function is to provide an overview of the organization's performance with data visualizations for informed decisions. Jim receives data from his managers in each state, which he then loads into his digital dashboard for analysis of his entire division.
He can use data analysis as a digital dashboard capability to assess his division's performance, identify areas of opportunity, and track overall progress. Data analysis allows Jim to examine large amounts of data and draw conclusions based on that data. He can also create charts and graphs to visually represent the data and make it easier to comprehend. Hence, data analysis is the primary digital dashboard capability that Jim Poulos is primarily using.
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A software start up is pitching to raise money to write code and they need a team of 4/4 for two years and each color cost 100,000 per year the opposite for 0.25 how many do they need to so just to cover the coding
Answer:
the number of codes for cover the coding is 3,200,000
Explanation:
The computation of the number of codes for cover the coding is as follows:
= (Number of coders × number of years × cost per year) ÷ (0.25)
= (4 coders × 2 years × 100,000 per year) ÷ (0.25)
= 3,200,000
Hence, the number of codes for cover the coding is 3,200,000
We simply applied the above formula
a digital dashboard integrates information from multiple sources and presents it in a unified, understandable format, often as charts and graphs. true or false?a. trueb. false
The answer for the statement is true. A digital dashboard is a tool used to display data from multiple sources in a single, easy-to-understand format.
This allows individuals to quickly and easily analyze trends, identify patterns, and make informed decisions based on the information presented. The data is typically presented in charts, graphs, and other visual formats that are easy to interpret.
This helps to increase productivity and efficiency by providing a comprehensive view of all relevant data in one place. Overall, a digital dashboard is an essential tool for businesses looking to optimize their operations and gain a competitive edge in today's fast-paced digital world.
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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation: