Business, 18.12.2019 02:31 victoriadorvilu
Marriott international is a worldwide operator and franchiser of hotels and related lodging facilities totaling nearly $1.5 billion in net property and equipment. assume that marriott replaced furniture that had been used in the business for five years. the records of the company reflected the following regarding the sale of the existing furniture:
furniture (cost) $ 8,000,000
accumulated depreciation 7,700,000
required:
1. prepare the journal entry for the disposal of the furniture, assuming that it was sold for: (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in dollars not in millions.)
a. $300,000 cash
b. $900,000 cash
c. $100,000 cash
-record the disposal of the furniture, assuming the furniture sold for $300,000 cash.
-record the disposal of the furniture, assuming the furniture sold for $900,000 cash.
-record the disposal of the furniture, assuming the furniture sold for $100,000 cash.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 18:20, jordan495413
Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t
Answers: 1
Business, 22.06.2019 12:10, weeman6546
Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is:
Answers: 2
Business, 22.06.2019 21:30, mjstew00763
An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?
Answers: 1
You know the right answer?
Marriott international is a worldwide operator and franchiser of hotels and related lodging faciliti...
Questions in other subjects:
Chemistry, 12.07.2019 04:30
Mathematics, 12.07.2019 04:30
History, 12.07.2019 04:30
