on august 1 of year 0, dirksen purchased a machine for $25,500 to use in its business. on december 4 of year 0, dirksen sold the machine for $24,000. use macrs table.note: loss amounts should be indicated by a minus sign. do not round percentages used for calculations. round other intermediate computations to the nearest whole dollar amount. leave no answer blank. enter zero if applicable.b. dirksen depreciated the machinery using macrs (seven-year recovery period). what are the amount and character of the gain or loss dirksen will recognize on the sale if the machine is sold on january 15 of year 1 instead?
Answers
Description Amount Total Gain/Loss Recognized $ -1,500 Character of Recognized Gain/Loss: Ordinary loss Ordinary Gain/Loss $ -1,500 §1231 gain/(loss).
What is the Gain?A good illustration of profits is when you buy anything, such as a piece of land, a house, or a security, and after a while, you can sell it for more than you paid for it. Additionally, even if an asset isn't intended to be sold, it is still regarded as a gain when its value increases.to gain entry/entry/access to something; to acquire or win anything, especially something that you need or want.
The amount and character of the gain or loss Dirksen will recognize on the sale Amount Total Gain/Loss Recognized $ -1,500 Character of Recognized Gain/Loss: Ordinary loss Ordinary Gain/Loss $ -1,500 §1231 gain/(loss).
Therefore, Ordinary loss Ordinary Gain/Loss $ -1,500 §1231 gain/(loss).
Learn more about Gain here:
https://brainly.com/question/23385214
#SPJ1
Related Questions
What index measures price changes received by domestic producers for their output?
a.
consumer price index
c.
implicit GDP price deflator
b.
producer price index
d.
sales price index
Answers
6. Which of the following describes a non-employee business? (1 point)
an architect who has only a part-time assistant
a small ice cream shop where only one person works at a time
a person who works from home for a larger company
a manicurist who works from her home or at clients houses
Answers
Answer:
a manicurist who works from her home or at clients’ houses
Explanation:
Which mindset would apple be adopting if it changed its strategic viewpoint from making laptops and desktops to making technology easy and elegant to use?.
Answers
Answer:
the production concept
Explanation:
The production process is defined as the process in which the factors of production, inputs of resources, are turned into beneficial outputs. Factors of production means capital, labor, technology, land, and other resources that are used to create output, or goods and services.
brainiest please so they don't look at the other answer!
FOR BRAINLIEST!!
What type of workplace emergency would OSHA be most likely to get involved with?
tornado
workplace violence
toxic chemical spill
active shooter
Answers
If the united states exports $100 worth of diamonds to the kingdom of mocha and imports $80 worth of bows and arrows it has a(n)
Answers
Answer:
Trade surplus
Explanation:
In business when export is greater than import in monetary terms the situation is called trade surplus.
Trade surplus is a favorable situation in economics. The economic condition of a country is assumed to be better when the country has a trade surplus. The opposite situation in which import is greater than export is called trade deficit.
The practice of dividing the money a person invests between several different types of investments in order to lower risk is called
Answers
Answer: The practice of dividing the money a person invests between several different types of investment in the order of lower risk is called Diversification.
Diversification is based on the principle that Risk and return are directly proportional to each other.
Hence say Stock A gives a Greater return then it will also have a greater risk.
Therefore to Hedge the Businessmen from constantly changing market conditions and to guarantee a nearly fixed return Diversification is used.
In diversification, investment is done in combination with high and low-risk stocks as per the risk-taking capabilities of the investor.
The investor who is a Risk Taker invests a High Amount in High-risk stocks and similarly the investor who is Risk Averse invest a high Amount in Low-Risk Stock.
Diversification helps the investor to maintain his return and risk
according to his plans.
Explanation: Diversification is based on the principle that Risk and return are directly proportional to each other.
Hence say Stock A gives a Greater return then it will also have a greater risk.
Therefore to Hedge the Businessmen from constantly changing market conditions and to guarantee a nearly fixed return Diversification is used.
In diversification, investment is done in combination with high and low-risk stocks as per the risk-taking capabilities of the investor.
The investor who is a Risk Taker invests a High Amount in High-risk stocks and similarly the investor who is Risk Averse invest a high Amount in Low-Risk Stock.
Diversification helps the investor to maintain his return and risk
according to his plans.
To Know more about Diversification:
https://brainly.com/question/15259776?referrer=searchResults
Which describes the qualifications for someone in Law Enforcement Services?
O Communication skills for interviewing citizens, and confidence in challenging criminal behaviour.
O Knowledge of medical procedures, and emergency room codes.
O Knowledge of architectural concepts and bulidng plans.
O High awareness of ocean practices for in water rescue
Answers
Answer: Communication skills for interviewing citizens, and confidence in challenging criminal behaviour.
Explanation:
A person working in law enforcement needs to be able to convince citizens that they are working in their best interest. They need to know how to communicate effectively with people so as to get information from them and build trust.
They should also be brave enough to confront crime when needed because their main purpose is to keep people safe.
Answer:
A
Explanation:
Cuz god. And i meant to not capitalize the G.
1. how does golf challenge's use of fifo improve its net profit margin and current ratio? 2. is the action by golf challenge's owner ethical? explain.
Answers
Golf challenges as using FIFO the cost of goods sold will be calculated by using the cost of the inventory that was FIRST purchased (as opposed to Last purchased when using LIFO).
No, the action by the golf challenge's owner is unethical.
For the first question, as the inventory first purchased had a lower cost than the inventory last purchased, Hence using FIFO will result in the following:
Lower cost of inventory = lower cost of goods sold = higher net income = higher profit margin = higher earning per share = higher taxes payable = no tax advantage. Since closing inventory does reflect current prices current ratio will be improved.
For the second question, It was an unethical practice followed by Golf challenge as the method for valuation of inventory used for financial statements of bank submission is different from the company policy of valuing under LIFO. Golf is the misleading banker for loans by submitting fraudulent financials.
To learn more about banking and financial terms,
https://brainly.com/question/12748777
#SPJ4
100 points if you have the correct answer ^^
Assignment Introduction
Assume that you are involved in a job search. You are ready to construct an outstanding résumé to put before employers. You have carefully reviewed and documented your list of abilities, hard and soft skills, education, credentials, and past work experience (including volunteering). You have also considered your personality traits and job preferences. However, you have not narrowed your search to just one type of consumer services job, and you have seen several that interest you.
Assignment Directions
Using any or multiple sources (newspaper, trade or association publication, online job board, networking site, etc.), select two job listings. They must have very different job descriptions in different fields. For example, bookkeeping in a hospital and a customer service position in a retail setting. Using your own actual information, construct a general purpose résumé suitable for handing out in person. You may choose any format that is appropriate to your situation. Using the same information, build two more résumés, one each targeting the two different job descriptions and formatted to submit digitally/online.
Assignment Guidelines
Your submission must do the following:
Total three sheets; one typed page each for your basic and two targeted résumés
Include copies of your two chosen job descriptions as an attachment.
Each résumé must contain the following:
Your contact information
Educational background
Employment history, most recent to oldest (minimum 3 entries; if you do not have 3, you may make one up, as long as it is plausible and appropriate).
Accomplishments (two or three entries)
Special skills, including foreign languages spoken, as applicable
Submission Requirements
Proofread for spelling, grammar, and punctuation
Use complete sentence structure and standard written English; do not use texting abbreviations or other shortcuts
Source all references in a proper format
Answers
Your submission should include three sheets; one typed page each for your basic and two targeted résumés. The basic résumé should contain your contact information, educational background, employment history, accomplishments, and special skills.
What is education?Education is the process of acquiring knowledge, skills, values, beliefs, and habits. It is an important part of our life and it helps us to develop as individuals and to become better citizens. Education is an essential part of our society and it provides us with the necessary tools to grow and succeed.
The two targeted résumés should be tailored to the two job descriptions you have chosen, and should include the same information as the basic résumé. You should also include copies of your two chosen job descriptions as an attachment.
When writing your résumés, you should proofread for spelling, grammar, and punctuation, use complete sentence structure and standard written English, and source all references in a proper format.
To learn more about education
https://brainly.com/question/29781455
#SPJ1
true or false: consumer surplus is the area between the demand curve and the price line. for a perfectly competitive firm the demand curve equals the price line. thus, a perfectly competitive industry produces no consumer surplus.
Answers
False, in a competitive industry, the consumer surplus is the region between the price line and the market demand curve, not the individual demand curve.
Describe consumer surplus.
An economic measure of consumer gains as a result of market competition is called consumer surplus. When consumers pay less than they are willing to pay for a good or service, this is known as a consumer surplus. It's a gauge of the extra gain that consumers experience as a result of paying less than they would have otherwise.
The surplus of consumers and producers can be contrasted. To calculate the social benefits of public goods like bridges, canals, and national highways, the concept of consumer surplus was created in 1844. It has been a crucial tool in the development of government tax policies and the field of welfare economics.
Learn more about the consumer surplus with the help of the given link:
brainly.com/question/15416023
#SPJ4
For each term in the first column, select the partial (or complete) definition or illustration. Each partial (or complete) definition or illustration may be used only once
Answers
B. A type of literature comprising writing that is not organized into verse
What is literature?Literature is the art of written works, encompassing a wide range of written texts including novels, plays, short stories, poems, essays, and other works of imaginative expression. Literature is not just words on a page; it is an expression of ideas, emotions, and experiences. It is a way to explore and understand the world around us, as well as our own experiences
1. Prose - Written or spoken language in its ordinary form, without metrical structure
A. Written or spoken language that follows a specific rhythm or pattern
B. A type of literature comprising writing that is not organized into verse
C. A type of writing that is designed to be read out loud
To learn more about literature
https://brainly.com/question/20814138
#SPJ4
Two countries produce copper and lead. Country A can produce a maximum
of 300 tons of copper per day or 150 tons of lead. Country B can produce a
maximum of 400 tons of copper per day or 100 tons of lead. Which
statement best describes this situation?
A. Country Bhas a comparative advantage producing copper.
B. Country A has an absolute advantage producing copper and lead.
C. Country A has an absolute advantage producing copper.
D. Country Bhas a comparative advantage producing lead.
Answers
Answer:
A. Country B has a comparative advantage producing copper.
Explanation:
Comparative advantage is the capability of a firm or country to produce a good or service at a lower opportunity cost than rivals. It implies the country uses fewer resources to produce that commodity. Comparative advantage enables a country to have a higher output while using the same inputs as its competitors.
Country B can produce 400 tons of copper, while country A ability is 300 tons. Country B uses labor and materials more efficiently in copper production; hence it has a comparative
Answer:A
Explanation: got it right <3
When a firm pursues a predatory pricing strategy, it does so to hire more staff to lower unemployment. to increase supply to benefit consumers. to maximize profits in the long run. to discourage short run competition.
Answers
The main purpose why firms pursue a predatory pricing strategy is:
to discourage short run competition.Who is Predatory Pricing Strategy?This has to do with the intentional act of firms to set their prices very low and also sell below AVC to drive out competitors.
With this in mind, we can see that with this type of business strategy, firms are able to suffer losses with the aim of discouraging short run competition by selling far lower than others.
Read more about predatory pricing strategy here:
https://brainly.com/question/7452266
There are different pricing strategy, when a firm pursues a predatory pricing strategy it does so to maximize profits in the long run.
What is predatory pricing strategy?Pricing strategy are use by business to get or attract customers.
There are various strategy to uses depending on the goods or services to render and the survey outcome that has been carried out prior to business execution.
Therefore, When a firm pursues a predatory pricing strategy it does so to maximize profits in the long run.
Learn more on maximizing profit here,
https://brainly.com/question/24635381
What does it mean to “authenticate” your payment? How do these payment systems authenticate?
Answers
Answer:
Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.
How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
Effective ___ is critical In order to manage projects in parts of the world where security is an environment factor affecting project success
Answers
Effective security management is critical in order to manage projects in parts of the world where security is an environmental factor affecting project success.
This includes implementing appropriate security measures and protocols to ensure the safety and protection of personnel, assets, and data involved in the project. In such environments, security risks can arise from various sources, such as political instability, civil unrest, crime, terrorism, or natural disasters. These risks can disrupt project operations, delay timelines, and compromise the safety and well-being of project staff and stakeholders.
Therefore, it is important to assess the security risks and vulnerabilities of the project environment, develop a comprehensive security plan, and train project staff on security procedures and emergency response protocols. Effective security management can help mitigate security risks, enhance project resilience, and ensure successful project outcomes.
To learn more about effective security management, visit here
https://brainly.com/question/29487635
#SPJ4
How do you approach Marketing design for a production?
Answers
2. A prototype
3. Final product
Which of the following is true about the career of the British writing team Gilbert and Sullivan?
Their work satirizes melodrama.
Electric light was first introduced to the theatre during a production of one of their plays.
They wrote operettas.
all of the above
ALL OF THE ABOVE
Answers
All of the above statements are true about the career of the British writing team Gilbert and Sullivan.
Gilbert and Sullivan were a famous British writing team who collaborated on a series of popular comic operettas in the late 19th century. Their work satirized the melodramatic conventions of Victorian-era theater and featured memorable characters and catchy songs. In addition, their productions were known for their elaborate sets and costumes, and they were among the first to use electric lighting in their shows. Some of their most famous works include H.M.S. Pinafore, The Pirates of Penzance, and The Mikado. Today, their operettas continue to be performed and enjoyed by audiences around the world.
To learn more about Gilbert and Sullivan, click here:
https://brainly.com/question/1262539
#SPJ11
Jena is a full-time undergraduate student at State University and qualifies as a dependent of her parents. Her only source of income is a $10,000 athletic scholarship ($1,000, books; $5,500, tuition; $500, student activity fee; and $3,000, room and board). Jena's gross income for the year is: a.$3,000. b.$4,000. c.$500. d.$10,000.
Answers
what are the six steps to be followed in the bank reconciliation process
Answers
Answer:
Here are the steps for completing a bank reconciliation:
Get bank records.
Gather your business records.
Find a place to start.
Go over your bank deposits and withdrawals.
Check the income and expenses in your books.
Adjust the bank statements.
Adjust the cash balance.
Compare the end balances.
Explanation:
okmarks
P Power Test
Desmos | Testing P Student and Parent
Dashboard
21 Economics and Personal Finance 1st 9
Weeks
Mixed-market economies have more private property, while command economies have more public property
Which is the best example of public property in a mixed-market economy?
cars
O homes
O streets and roads
O restaurants and shops
Answers
Prior to launching his korean-mexican fusion restaurant, gregory kim is making a detailed evaluation of the restaurants in his market area. Gregory kim is doing a ____ analysis.
Answers
Prior to launching his Korean - Mexican fusion restaurant, Gregory Kim is making a detailed evaluation of the restaurants in his market area. Gregory Kim is doing a competitor analysis.
When a company introduces a novel product or a novel business method?The following is the fundamental description of a business innovation: A new or better product, business process, or combination thereof that has been released to the market or adopted by a company that differs considerably from its prior products or business processes is referred to as a "business innovation.
Which offers non-obligatory counsel but has no legal obligation to the firm?An advisory board, unlike a board of directors, provides non-binding recommendations but has no legal authority over the company.
To Know more about combination
https://brainly.com/question/19692242
#SPJ9
Which statement best summarizes the law of demand ?
A. Sellers only supply goods that are in high demand from buyers.
B. Buyers are more likely to buy a products that is supplied in large quantities.
C. Sellers can easily substitute a product in high demand with another product.
S. Buyers are more interested in purchasing products as those products decline in price.
Thank you :)
Answers
Buyers are more likely to buy a product that is supplied in large quantities.
What is the law of demand?The law of demand states that the quantity purchased varies inversely with the price. In other phrases, the better the rate, the lower the quantity demanded.
What are the types of demand?Individual and Market DemandOrganization and Industry DemandAutonomous and Derived DemandDemand for Perishable and Durable GoodsShort-term and Long-term DemandLearn more about the law of demand here https://brainly.com/question/24019366
#SPJ2
I am Stuck Please Help
Interview five family members or friends. Ask them how many vegetable snack packs they would buy in a seven-day week at these prices: $2.75, $3.25, $4.75, $5.25, and $6.00. Make a table to record the quantities of snack packs they would purchase at each price. Give at least two reasons why you think the price of a product might vary.
Give at least two reasons why a consumer might buy more or less of something depending on the price. Write two paragraphs discussing the relationships between price and demand, and supply and demand.
Ask at least five people of various ages the following questions: Do you believe the economy is in dire straits? Why or why not? What do you see as the outcome of the current downturn? How are you directly affected, and what worries you about the state of the economy? Do you believe it can be "fixed"? If so, how?
Answers
Answer:
Explanation:
In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good.
you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
Answers
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
To know more about Co - workers here
https://brainly.com/question/29053446
#SPJ1
Guys I need help r n
Answers
Answer:
ok what?
Explanation:
pls mark brainilest if i can help
trying to pass the rank ambious
Name three bank fees commonly associated with checking accounts, and then explain which has the potential to be most costly and how to avoid it.
Answers
1. Monthly maintenance/service fee · 2. Out-of-network ATM fee · 3. Excessive transactions fee are three bank fees commonly associated with checking accounts, and then explain which has the potential to be most costly and how to avoid it.
Which bank charges the most money?
MyBankTracker's examination of the banking industry indicates that the average basic checking account charge at the top 10 U.S. banks is $9.60. TD Bank now charges the highest monthly maintenance fee, while Capital One charges the lowest fee of $0 per month.Common checking account fees-
Monthly service fee.Overdraft fee.Non-sufficient funds (NSF) fee.ATM fee.Paper statement fee.Foreign transaction fee.Account closure fee.Learn more about checking account fees
brainly.com/question/13765279
#SPJ4
Which of the following are objects that can fulfill needs or wants?
A. Economics
B. Goods
C. Services
D. Tools
Answers
Answer:
the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.
Explanation:
The objects that fulfill the needs or wants are goods. Thus, option (B) is correct.
What is need?The term needs refers to the basic necessity or the requirement of the person in order to survive. The basic need of the person is food, shelter and clothing. The term needs and wants to become together. As the once the needs of the person is fulfilled, the wants arises.
Need is something without which the person cannot survive in the world, whereas without fulfillment of the wants the person can survive. In today's economy, the terms wants and needs are often yet inaccurately used.
The needs and wants of an individual can be fulfilled through the goods and services. Various companies and corporation are today working to satisfy the needs and desire of the customers.
Therefore, it can be concluded that Goods are things that satisfy needs or desires. Hence, option (B) is correct.
Learn more about needs and wants here:
https://brainly.com/question/17889008
#SPJ2
What would happen if we were left without sun for 24?
Answer in your own words.
Answers
Answer:
You would get a heat stroke. A heat stroke is something that happens when your body absorbs to much heat. Signs of it are High body temperature, hot, red dry or damp skin. etc. That much heat is not good for you and it can cause pain.
a company purchased a tract of land for its natural resources at a cost of $1,685,300. it expects to mine 2,070,000 tons of ore from this land. the salvage value of the land is expected to be $257,000. the depletion expense per ton of ore is:
Answers
The depletion expense per ton of ore is $0.69.
Depletion expense
Depletion expense refers a charge against profits for the use of natural resources. And the depletion concept is mostly used in mining, timber, oil, and gas industries where exploration and development costs are capitalized, and depletion is needed as a logical system for charging these costs to expense.
Given,
A company purchased a tract of land for its natural resources at a cost of $1,685,300. it expects to mine 2,070,000 tons of ore from this land. the salvage value of the land is expected to be $257,000.
Here we need to find the depletion expense of the land.
The formula to calculate the Depletion expense per ton formula
=> (Previous Cost - Salvage Value of the land) / Mine expected
Previous Cost = $1,685,300
Salvage value of the land = $257,000
Mine expecting = 2,070,000
Now, we have to apply the values on the formula, then we get,
=> (1,685,300 - 257,000) / 2,070,000
=> 1,428,300 / 2,070,000
=> $0.69
Therefore, the depletion expense per ton of ore is $0.69
To know more about depletion expense here
https://brainly.com/question/17112314
#SPJ4