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MA_775_DIABLO
27 days ago
10

Jane purchased a piece of equipment for $250,000 for use in her business. She incurred freight charges of $3,500, installation c

harges of $2,500, and maintenance costs of $5,000 for the year. At the end of the year, Jane was offered $200,0000 for the equipment. During the year, she incurred depreciation of $25,000. If Jane sells the equipment, what is the amount of gain (loss) recognized on the transaction?
Business
1 answer:
stepan [3K]27 days ago
4 0

Answer: $36,000 loss

Explanation:

Initial cost = $250,000

Shipping fees = $3,500

Setup fees = $2,500

Annual maintenance = $5,000

Depreciation amount = $25,000

Proposed selling price = $200,000

Total costs involved = $(250,000 + 3,500 + 2,500 + 5,000)

Total costs involved = $261,000

Depreciation amount = $25,000

Equipment's book value = $261,000 - $25,000 = $236,000

Calculating gain/loss = Book value - selling price

Gain/loss = $236,000 - $200,000

$36,000 loss

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Butterfly tractors had $14 million in sales last year. cost of goods sold was $8 million, depreciation expense was $2 million, i
Free_Kalibri [3151]
A)
Ventas. 14
Costo de bienes vendidos. (8)
Depreciación. (2)
Intereses (1)
Beneficio neto antes de impuestos=3 millones
Impuesto. 0.35×3 = (1.05)
Ingreso neto= 1.95

Flujo de efectivo= ingreso neto+ depreciación
Flujo de efectivo=1.95+2=3.95

B)
Ingreso neto=1.95-1=0.95
Flujo de efectivo=3.95+1=4.95



5 0
1 month ago
Read 2 more answers
Galla Inc. operates in a highly competitive market where the market price for its product is $181 per unit. Galla desires a $19
Free_Kalibri [3151]

Respuesta:

Objetivo de costo = Precio de mercado - Margen de beneficio deseado

                   = $181 - $19

                   = $162

Explicación:

El costo objetivo es la diferencia entre el precio de mercado competitivo y el margen de beneficio deseado. En el método de costo objetivo, el precio de mercado está fijado por las fuerzas del mercado. Se resta el margen de beneficio deseado del precio de mercado para obtener el costo objetivo.

7 0
11 days ago
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct m
stepan [3001]

Response:

Labor Efficiency Variance: $2,090 Favorable

Clarification:

Based on the information provided, the calculation for labor efficiency variance for July is outlined below:-

Labor efficiency variance = Standard rate × (Standard hours - Actual hours)

= $11 × ((0.7 × 3,000) - 1,910)

= $11 × 190

= $2,090 Favorable

Hence, to compute the labor efficiency variance for July, we adhered to the aforementioned formula.

7 0
1 month ago
As a new manager, Candace has had to learn a lot, and sometimes her job is more stressful than she expected. As a manager, she n
Nady [2956]

Answer: disturbance handler; decisional; more through others.

Explanation:

As a newly appointed manager, Candace has faced a steep learning curve, and at times, her role is more demanding than anticipated. As a manager, she must take on multiple responsibilities. Candace organizes employee schedules for front desk shifts, dog play areas, and grooming rooms.

This falls under the disturbance handler function in management, categorized as a decisional aspect. To adjust to her managerial role, Candace has learned to facilitate tasks by coordinating with others.

4 0
1 month ago
Isn’t "corporate entrepreneurship" an oxymoron? Do the characteristics of an established organization, such as its routines and
stepan [3001]

Answer:

Isn't "corporate entrepreneurship" a contradictory term?

Many people might assume that corporations and entrepreneurs are entirely different, and mostly, they are correct. However, a few companies exemplify an entrepreneurial attitude or attempt to cultivate it. For instance, 3M is renowned for encouraging employees to allocate time for creative endeavors and innovation. Google is another major corporation that fosters such creativity among its workforce.

Do the established organization's traits, like routines and structural systems, enhance productivity while simultaneously stifling entrepreneurial zeal?

Corporate routines and frameworks do not merely stifle, but they effectively eliminate entrepreneurial energy and creativity. A notable illustration of this is found in the film depicting Ford's rivalry at Le Mans, which shows how corporate environments suppress unique thinking and actions.

Is it feasible for a firm to combine the advantages of both approaches?

It might be challenging, but achieving entrepreneurial spirit within a corporation is not out of reach. The hurdle lies in the belief that paying employees to spend time generating ideas is a frivolous expense. Creativity has associated costs, and not every organization is prepared to cover those expenses.

8 0
24 days ago
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