Answer:
Which one of the following statements about competitive advantage sources is true?
It is feasible to enhance both quality and speed.
Explanation:
Enhancing quality while simultaneously increasing speed is achievable; competitive advantage leads to improvements in quality due to competition from other entities, as well as a faster pace to surpass rivals.
The gain amounts to $370
Reasoning:
To determine the gain or loss for the date 12/31/2018, according to ABC's amortization schedule
On this date, the carrying value was $196,370 while ABC procured the bonds back for $196,000 on 12/31/2018
Now let’s compute the gain or loss using this formula
Gain/Loss = Carrying value - Bond stock
Substituting into the formula gives us Gain/Loss =$196,370-$196,000
Gain/Loss=$370
Therefore, on the date 12/31/2018, ABC will show a gain of $370
Answer: Selling Price = $9803.92
Explanation:
Details:
A Treasury bill has a return of 2% every 6 months.
Time duration = 6 months
Return rate = 2% per 6 months
Selling Price of the Treasury bill = 
Selling Price = 
The expected selling price for a 6-month Treasury bill is $9803.92.
First, it is necessary to record the depreciation expenses for January, February, and March: Depreciation expense over the three months is calculated as ($42,000 - $5,000) x 3/60 = $1,850. As of April 1, the journal entries for the depreciation expense for January, February, and March shall reflect Dr Depreciation Expense 1,850 and Cr Accumulated Depreciation 1,850. Consequently, the book value of the truck becomes $12,400 - $1,850 = $10,550. 1) In the scenario where the truck sells for $12,000 on April 1, the entries will be: Dr Cash 12,000, Dr Accumulated Depreciation 31,450, Cr Gain from Sale 1,450, and Cr Truck 42,000. If it instead sells for $9,000, the entries will adjust to: Dr Cash 9,000, Dr Accumulated Depreciation 31,450, Dr Loss from Sale 1,550, and Cr Truck 42,000. 2) Any gain or loss from the truck's sale should be recorded on the income statement under gains or losses from asset sales. 3) If Swann adopts IFRS and there was a revaluation surplus recorded on the truck, upon selling it for $12,000 on April 1, the entries should show: Dr Cash 12,000, Dr Revaluation Surplus 4,000, Dr Loss from Sale 1,450, and Cr Truck 14,550.
