equipment that cost $660,000 and has accumulated depreciation of $300,000 is exchanged for equipment with a fair value of $500,000 and $100,000 cash is paid. the exchange lacked commercial substance. the new machine should be recorded at
Answers
The new machine should be recorded at $ 360000.
What is machine?Machine is defined as a physical system that uses power to exert forces, regulate movement, and carry out an action. The main purpose of most simple machines is to reduce the amount of force required to execute an easy operation.
The commodity received should be recognized at the net book value of the asset swapped when a transaction lacks commercial significance.
The net book value in this instance is:
= 660,000 - 300,000 = $360,000
Thus, the new machine should be recorded at $ 360000.
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Related Questions
your company gets $5,000 in december to paint a house. the work is done in january. how much revenue is reported on a cash basis in december and january, respectively?
Answers
On a cash basis, no revenue is reported in December because the payment was received in December but the work was done in January.
Therefore, the revenue would be reported in January when the work was completed and payment was received. The revenue reported in January would be $5,000. Only when cash is received or spent, respectively, does the cash basis of accounting allow for the recognition of revenue and expenses It does not factor in any accounts payable or receivable? In this instance, no income would be reported in December on a cash basis because the payment was received in December but the work wasn't completed until January.
Only until the payment was received and the work was finished, in January, would the revenue be acknowledged. Although the cash basis of accounting is straightforward and simple to understand, it may not accurately reflect a company's financial situation. Accuracy and the ability to present a more complete picture of a company's financial status are two reasons why accrual accounting is frequently preferred. Accrual accounting acknowledges income and expenses as they are incurred, regardless of when cash is collected or paid out.
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A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as:a. monopolistically competitive.b. pure monopoly.c. perfectly competitive.d. oligopoly.
Answers
A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as an oligopoly. The Option D is correct.
What is an oligopoly?An oligopoly refers to a market structure in which a market or industry is dominated by a small number of large producers. Its often result from the desire to maximize profits which can lead to collusion between companies which reduces competition, increases prices for consumers, and lowers wages for employees.
Many industries that are called oligopolistic includes civil aviation, electricity providers, the telecommunications sector, Rail freight markets etc.
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Given the trial balance amounts below, compute net income. a) $21,930 b) $55,530 c) $19.500 d) $27,300 e) $23630
Answers
To calculate net income, we need more information than just the trial balance amounts. We would need the income statement and any other relevant financial statements for the period in question to calculate net income.
The trial balance is a list of all the accounts in the ledger with their respective debit or credit balances. It is used to ensure that the total debits equal the total credits and that all transactions are properly recorded. In order to calculate net income, we need to identify all the revenue and expense accounts and their respective balances. Revenue accounts represent the income earned by the company, while expense accounts represent the costs incurred in earning that income. By subtracting the total expenses from the total revenue, we can calculate the net income.
Therefore, it is not possible to determine the net income from the given trial balance amounts alone.
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To calculate net income, we need more information than just the trial balance amounts. We would need the income statement and any other relevant financial statements for the period in question to calculate net income.
The trial balance is a list of all the accounts in the ledger with their respective debit or credit balances. It is used to ensure that the total debits equal the total credits and that all transactions are properly recorded. In order to calculate net income, we need to identify all the revenue and expense accounts and their respective balances. Revenue accounts represent the income earned by the company, while expense accounts represent the costs incurred in earning that income. By subtracting the total expenses from the total revenue, we can calculate the net income.
Therefore, it is not possible to determine the net income from the given trial balance amounts alone.
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If a dinner at fast eddy’s tonight sells for $13, what is the value of fast eddy’s producer surplus?
Answers
The exact value of the producer surplus cannot be determined without information on the cost of producing the dinner. However, we can conclude that the producer surplus would be positive if the cost of producing the dinner is less than $13.
The margin by which sellers obtain more money for a good or service than it costs to make it is known as the producer surplus. It is the gap between the lowest price that a producer is ready to pay for a specific quantity of an item or service and the price that they actually receive for selling that particular quantity of the good or service.
Thus, producer surplus is the amount of income that producers receive that is greater than the cost of creating the commodity or service. In this scenario, if a supper at Fast Eddy's sells for $13, the cost of creating the meal will determine the value of Fast Eddy's producer surplus. Fast Eddy's would only serve the meal if it cost less than $13 to produce.
However, Fast Eddy's would incur a loss if the cost of making the dish exceeded $13. Without knowledge of the dinner's production costs, the exact value of the producer surplus cannot be calculated. However, if the cost of manufacturing the dinner is less than $13, we can infer that the producer surplus would be favourable.
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nico nelson, a management trainee at a large new york-based bank, is trying to estimate the real rate of return expected by investors. he notes that the 3-month t-bill currently yields 3 percent and has decided to use the consumer price index as a proxy for expected inflation. what is the estimated real rate of interest if the cpi is currently 2 percent?
Answers
Subtracting the predicted inflation rate from the nominal interest rate yields the estimated real rate of interest. Nico Nelson has selected the 3-month T-bill yield as the nominal interest rate in this situation,
which is currently at 3%. In addition, he has utilized the Consumer Price Index (CPI) as a proxy for projected inflation, which is now at 2%. As a result, the anticipated actual rate of interest is as follows: Real interest rate = nominal interest rate minus expected inflation rate = 3% - 2% = 1% Based on the facts provided, the anticipated actual rate of interest expected by investors is 1%. This indicates that after accounting for inflation, Nico Nelson has selected the 3-month T-bill yield as the nominal interest rate in this situation, investors may anticipate a real return of 1% on their assets.
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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Answers
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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when a bank says their savings account earns 1% APY interest, that typically means you will earn 1% interest over what period of time
A. monthly
B.Daily
C. Annually
D. Quarterly
Answers
Answer:
A.number monthly. i think
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Which two actions best demonstrate taking responsibility?
being answerable for extra work an employer gives
participating in self-improvement activities
being accountable for one's actions
working with everyone with a positive attitude
being loyal to the organization in times of crisis?
Answers
a) Being answerable for extra work an employer gives and c) being accountable for one's actions demonstrate taking responsibility.
Taking responsibility for your actions necessitates the recognition that you have a role in every circumstance or experience and, as a result, some degree of control over the results or repercussions. You may have heard the term accountability.
It means that when you make a mistake or encounter a problem, your initial instinct should not be to blame others, make excuses, twist the facts, or flat-out lie.
Instead, you quickly admit the existence of a problem, define your role in it, and adopt a plan of action to reduce (or completely eliminate) the likelihood of it occurring again. According to one Forbes columnist, someone who accepts responsibility for their acts is accountable.
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Correct question:
Which two actions best demonstrate taking responsibility?
a) being answerable for extra work an employer gives
b) participating in self-improvement activities
c) being accountable for one's actions
d) working with everyone with a positive attitude
e) being loyal to the organization in times of crisis
Blank______ constrain a firm's ability to export its products by raising the price of the exported product, which could put the firm at a competitive disadvantage with domestic firms in that country. Multiple choice question
Answers
can anyone help me with the answer to Application problem 1-2.1 randomized?
Answers
McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 760 1,010 1,270 1,375 1 2 4 a. If the discount rate is 11 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 cdecimal places, e.g., 32.16.) b. What is the present value at 18 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. What is the present value at 24 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value at 11% а. b. Present value at 18% Present value at 24% C. McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 840 1,170 1,430 1,575 1 2 4 a. If the discount rate is 9 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value at 16 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. What is the present value at 25 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value at 9% а. b. Present value at 16% Present value at 25% C. Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow $1,030 1,260 1,480 2,220 1 2 3 a. If the discount rate is 8 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the discount rate is 11 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. If the discount rate is 24 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value at 8% b. Future value at 11% c. Future value at 24%
Answers
The present value of cash flows for McCann Co. and Fuente, Inc. can be calculated using the discounted cash flow (DCF) method. By discounting the future cash flows at the given discount rates, we can determine their present value.
For McCann Co., let's calculate the present value of the cash flows using the given discount rates:
a. At a discount rate of 11%, the present value of the cash flows is $4,114.60.
b. At a discount rate of 18%, the present value of the cash flows is $3,254.29.
c. At a discount rate of 24%, the present value of the cash flows is $2,710.40.
For Fuente, Inc., let's calculate the present value of the cash flows using the provided discount rates:
a. At a discount rate of 9%, the present value of the cash flows is $4,355.62.
b. At a discount rate of 16%, the present value of the cash flows is $3,167.69.
c. At a discount rate of 25%, the present value of the cash flows is $2,066.20.
Now, let's calculate the future value of the cash flows in Year 4 for Fuente, Inc. using the specified discount rates:
a. At a discount rate of 8%, the future value of the cash flows in Year 4 is $3,482.04.
b. At a discount rate of 11%, the future value of the cash flows in Year 4 is $3,799.17.
c. At a discount rate of 24%, the future value of the cash flows in Year 4 is $5,204.50.
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Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral
Answers
Answer:
D. Collateral
Explanation:
Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.
Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.
Answer:
D. Collateral
Explanation:
Karen works in a department store. Her coworkers have diverse cultural backgrounds. Which statement shows that Karen understands the importance of multiculturalism?
A.
She values a consistent focus on knowing and completing her daily tasks.
B.
She expects everyone to conform to the same ideas about punctuality.
C.
She appreciates how other perspectives enhance customers’ shopping experiences.
D.
She values completing a job on schedule more than taking time to build relationships.
Answers
A.
She values a consistent focus on knowing and completing her daily tasks.Answer:
Explanation:
you were promoted to manage a new manufacturing plant. according to research on transformational leadership, what would be your first course of action?
Answers
The answer is (a) Promise that the plant is like a family and no one will ever be let go.
What is transformational leadership?A management philosophy known as transformational leadership empowers and motivates staff to innovate and create new strategies for a company's growth and success.
By employing this technique, CEOs empower dependable staff members to take initiative and promote novel methods to problem-solving.
Transformational leaders support the success of all employees while being passionate about their work and the company's objective.
Their capacity to spot outdated corporate procedures and concentrate on simplifying or altering them as necessary is another essential quality.
Depending on the circumstance and the demands of the firm, different managers may employ various management approaches.
The transformational strategy promotes business innovation, fresh thinking, and long-term goals.
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Write any two features of RTGS.
Answers
- Used for high value transactions.
Features of RTGS Transaction
Realtime online fund transfer.
Used for high value transactions.
Safe and secure.
Reliable and backed by RBI.
Immediate clearing.
Funds credited on a one-on-one basis.
Transactions executed on an individual and gross basis.
You will have $ in 20 years if you set aside $2,000 at 8%. (Use the future value tables from Chapter 5.)
Answers
In 20 years you'll have $5,220.
2,000×0.08=160
2,000+(160×20)= 5,220.
The total interest will be $3200 (160X20) at an interest rate of 8%. You'll have $5,220 after 20 years.
What is the interest rate?The amount of interest due each period expressed as a percentage of the amount lent, saved, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The rate calculated over a year is the annual interest rate. However, they are typically annualized. Various interest rates are applicable over shorter time frames, such as a day or a month.
A key tool of monetary policy, interest rate goals are taken into consideration when addressing issues like investment, inflation, and unemployment. When a nation wants to boost consumption and investment in the economy, its central bank typically lowers interest rates.
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Which savings account will earn you the most money?
1.One that earns simple interest monthly.
2.One that compounds interest daily.
3.One that earns simple interest daily.
4.One that compounds interest monthly.
Answers
Answer:
one that earns simple interest daily
The savings account that earn you the most money is: 3.One that earns simple interest daily.
What is savings account?
Savings account is an account that enables you to save while you earn interest on the amount saved reason being that saving account is an interest earning account.
A saving account that gives you simple interest daily is the best as it will enable to accumulate more interest.
Therefore the savings account that earn you the most money is: 3.One that earns simple interest daily.
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When a new project constitutes its own industry, comparing the values of its ______ to comparable firms should help determine an appropriate beta.
Answers
When a new project constitutes its own industry, comparing the values of its fundamentals to comparable firms should help determine an appropriate beta.
The beta of a company is a measure of its systematic risk or the risk that is inherent in the market. By comparing the values of its fundamentals to comparable firms, we can assess the company's position in the market, its competitive advantages, and the potential risks associated with the project. For example, if the company has a unique product or technology that differentiates it from other firms, it may have a lower beta, indicating lower market risk. On the other hand, if the company operates in a highly competitive industry with little differentiation, it may have a higher beta, indicating higher market risk.
By assessing the company's position in the market and comparing it to comparable firms, we can determine an appropriate beta that reflects the project's risks and potential returns. This information is valuable in determining the required rate of return and ultimately the project's viability.
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Question 1 of 10
What is one advantage of a trade school education?
A. You can postpone getting a job longer.
Answers
One advantage of a trade school education is that there is easier access to courses and specialized knowledge.
What is a Trade School Education?This refers to the type of education where some technical skills are taught to students to be knowledgeable in certain tradecrafts and occupations.
Hence, we can see that based on the fact that this is post-secondary education, it gives the students the added edge of getting access to skills and specialized knowledge.
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Answer: It is less costly than attending a four-year college.
Explanation:
When we discuss _____ approaches, we are talking about how organizational decision makers actually approach ethical issues.
Answers
Answer:
Normative
Explanation:
Normative
When we discuss ___________ approaches, we are talking about how organizational decision makers should approach an issue.
A significant summer drought takes place in several states, including lowa, Nebraska, Illinois, Minnesota, Indiana, and others. Because
of the drought, the corn crop is severely damaged and limited for market. How will the drought and damage to the corn market likely
affect the overall price of goods?
A)
The drought and damage to the corn market will likely have little effect on
the overall price of goods, since corn production is extremely small in the
United States.
B)
The drought and damage to the corn market will likely have little effect on
the overall price of goods, as most Americans have excluded starches, Like
corn, from their diets.
The drought and damage to the corn market will likely have a great effect
on the overall price of goods, as corn-producers are required members of
the Federal Reserve Board of Governors.
D)
The drought and damage to the corn market will likely have a great effect
on the overall price of goods, as corn is used as a component for many
goods produced and sold in the United States
Answers
Answer: D
Explanation:
The Environmental Protection Agency (EPA) works with businesses to find
ways to reduce their
A. reliance on renewable energy
B. nitrogen emissions
C. tax burden
D. carbon footprints
Answers
Answer:
I think option d. carbon footprint is the correct answer
The Environmental Protection Agency (EPA) works with businesses to find ways to reduce their carbon footprints. Thus, option 'D' is the correct option.
What is a carbon footprint?A carbon footprint is the total amount of greenhouse gas (GHG) emissions (represented as carbon dioxide equivalent) that an individual, event, organization, service, place, or product is responsible for (CO2e). Burning fossil fuels, clearing land, and the production and consumption of food, manufactured products, materials, timber, roads, buildings, transportation, and other services can all result in the release of greenhouse gases, including the carbon-containing gases carbon dioxide and methane.
Most of the time, it is impossible to determine the overall carbon footprint precisely due to a lack of information on the intricate interconnections between the systems that contribute to it, including the impact of natural processes that absorb or release carbon dioxide. Wright, Kemp, and Williams suggested the concept of a carbon footprint as follows this.
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the gdp deflator is equal to. nominal gdp minus real gdp. nominal gdp multiplied by real gdp. nominal gdp divided by real gdp. nominal gdp plus real gdp.
Answers
The GDP deflator is equal to nominal GDP divided by real GDP. This can be written as follows:Answer: Nominal GDP divided by real GDP.Long answer:The GDP deflator is a price index used to measure the change in prices of all new and final goods and services produced in an economy.
It measures the inflation and deflation in an economy. The GDP deflator is calculated as the ratio of nominal GDP to real GDP. Nominal GDP refers to the total monetary value of all final goods and services produced in an economy in a given period. On the other hand, real GDP is nominal GDP adjusted for inflation.Real GDP accounts for changes in the price level and makes it easier to compare economic performance from one period to another. By dividing nominal GDP by real GDP, we get the GDP deflator.
This ratio tells us how much of the change in nominal GDP is due to changes in prices and how much is due to changes in quantities.The formula for calculating the GDP deflator is:GDP deflator = (Nominal GDP / Real GDP) x 100The GDP deflator is an important indicator of the inflation rate in an economy. If the GDP deflator is increasing, it means that the prices of goods and services in the economy are rising, indicating inflation. Conversely, if the GDP deflator is decreasing, it indicates that prices of goods and services are falling, indicating deflation.EXPLANATION:The correct answer is: Nominal GDP divided by real GDP.
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having an arena with bandwidth that is stronger than the average event venue is one way that the atlanta hawks have ______________________ their market offering.
Answers
Based on the product differentiation strategy, the Atlanta Hawks have "differentiated" their market offering specifically.
Atlanta Hawks ensured that they had an arena with a stronger bandwidth than the average event venue.
Atlanta Hawks is known for renovating their home arena by targeting the Millenials as their customer group.
Atlanta Hawks is an American professional basketball team that has its home in Atlanta.
Hence, in this case, it is concluded that Atlanta Hawks is one of the prominent basketball teams that employ marketing strategies to entice fans and customers.
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Your store sales average $162,000 per month. Your triple net lease has the following monthly terms: rent is 3% of sales, insurance is $210, maintenance is $100, utilities total $425, and taxes are $90. You expect next year's sales to increase 7%, but your lease terms will remain the same. Calculate next year's ANNUAL lease payment. Round your answer to the nearest dollar.
Answers
Answer:
=$72, 302
Explanation:
The tenant agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") plus the normal monthly rent in a triple net lease agreement.
Rent is 3% of sales. Sales will grow by 7%.
Current sales are equivalent to 100%; increased sales will be 100% + 7% = 107%
This year's monthly sales are 162,000: next year's monthly sales will be 107% of $162,000
=107/100 x $162,000
=1.07 x $162,000
=$173,340
Monthly sales will be $173,340. Monthly rent is 3% of sales
=3/100 x $173,340
=$5,200.2
The monthly lease will be monthly rent, plus insurance plus maintenance plus, utilities total plus taxes
= $5,200.2 + $210 + $100 + $425 + $90.
=$6,025.2
monthly lease = $6,025.2
Annual lease =$6,025.2 x 12
=$72,302.40
=$72, 302
Answer: 72,302
Explanation:
What is debt financing?
Answers
Answer:
Definition: When a company borrows money to be paid back at a future date with interest it is known as debt financing. ... Debt financing is a time-bound activity where the borrower needs to repay the loan along with interest at the end of the
Explanation:
Hope it helps! Correct me if I am wrong!
I'm sure about my answer!
If you dont mind can you please mark me as brainlest?
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But i hopefully it helps you!
Answer:
Debt financing occurs when a company raises money by selling debt instruments to investors. Debt financing is the opposite of equity financing, which entails issuing stock to raise money. Debt financing occurs when a firm sells fixed income products, such as bonds, bills, or notes.
Explanation:
although teenagers do not have the income of older consumers, they are still an attractive marked based on income. why?
Answers
Teenagers may not have the income of older consumers, but they do have access to money through allowances, part-time jobs, and gifts from parents or other family members.
What is income?
Income is the cash that a person or entity receives in exchange for their goods or services. Income may have different definitions depending on the context, such as taxation, accounting records, or economic analysis. The majority of people count their wages as well as salaries, investment gains, pension contributions, and other receipts as part of their total income. For businesses, income includes all revenue from product and service sales in addition to any interest as well as dividends received on the firm's cash and other assets. Economists employ a variety of definitions and methods for determining income. Regardless of whether their research focuses on earnings, savings, consumption, manufacturing, finance, capital investment, or even other related topics and subtopics, their concept of income will be line with their research objective.
This makes them an attractive market as they are more likely to spend money on items that they find desirable. Additionally, teenagers often influence the buying decisions of their parents, grandparents, or other family members, making them a powerful consumer force.
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After which problem-solving stage should you take action? A. defining the problem B. evaluating information C. gathering information D. making a choice
Answers
Answer:
Evaluate your decision
Explanation: correct mark brainlest plz. and thanks also []L7[]
Answer:
making a choice
Explanation:
a proof of the equality of debits and credits in a general ledger.
Answers
Correct reply is A trial balance is a proof of the equality of debits and credit in a established ledger.
To take a look at the arithmetical accuracy of books of account, path stability is prepared. Both the aspects of trial stability i.e. debit and credit score need to have the equal total. This equality proves that the books are arithmetical correct. Trial stability can be organized on a ordinary intervals.
Where do debits equal credits?For each and every transaction, a debit is recorded with a corresponding credit. Multiple money owed can be affected by way of a single transaction, however there need to be at least two bills concerned and debits will always equal credits.
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