Qs 12-8 computing cash from asset sales lo p3 the following information is from ellerby company’s comparative balance sheets. at december 31 current year prior year furniture $ 150,000 $ 208,500 accumulated depreciation—furniture (94,700 ) (116,700 ) the current year income statement reports depreciation expense on furniture of $24,000. during the year, furniture costing $58,500 was sold for its book value on december 31, current year. complete the general ledger accounts to calculate cash received from the sale of furniture.

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. rahal's accounts receivable at december 31, 2018, are:

The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.