You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. You plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. What will the portfolio's new beta be? Do not round your intermediate calculations.

Answers

Answer 1

Answer:

1.15

Explanation:

A diversified portfolio consists of $100,000 with 20 stocks and $5,000 invested in each of the stock

The portfolio beta is 1.12

You plan to sell a stock with a beta of 0.90, the proceeds gotten from it will be used to purchase a new stock with a beta of 1.50

Therefore, the portfolio's new beta can be calculated as follows

= (20×1.12-0.9+1.50)/20

= (22.4-0.9+1.50)/20

= 23/20

= 1.15

Hence the portfolio's new beta is 1.15


Related Questions

Peter's Pans makes cast-iron cookware. It decides to acquire another similar-sized cast-iron cookware company in the hope that its larger size will enable it to snag some market share away from Iron Maiden, the industry leader. What is Peter's Pans strategy?

Answers

Answer:

Peter's Pans is trying to overcome competitive disadvantage

Explanation:

Competitive advantage is the ability of a company to produce goods in such a way that it captures market share from other companies.

Competitive advantage can be with regard to quality, price, services, and so on.

In this scenario the Peter Pan wants to obtain a similar sized cookware company. This will make his company to be larger in size.

He intends to use the larger size of the company as a way to overcome competitive advantage of Iron Maiden, the industry leader.

A company sells DVD players for $200 per unit. The players have a unit variable cost of $160. The company estimates that it will sell one home entertainment system for every four DVD players sold. Home entertainment systems have a unit variable cost of $460 and sell for $600 per unit. The company's fixed costs are $90,000. Assuming that the sales mix estimate is correct, how many DVD players need to be sold for the company to break even?

Answers

Answer:

Break-even point= 1,200 DVDs

Explanation:

First, we need to calculate the sales proportion:

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

Now, we need to calculate the break-even point for the whole company:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2)

Weighted average contribution margin= 60

Break-even point (units)= 90,000/60= 1,500

Finally, the number of DVDs:

DVD= 1,500*0.8= 1,200 DVDs

DVD players need to be sold for the company to break even point :

Formula :

Break-even point (units)= Total fixed costs / Weighted average contribution marginBreak-even point (units)= 90,000/60Break-even point (units)= 1,500

Therefore, the number of DVDs:

DVDs= Break-Even Point-Sales Proportion DVD= 1,500*0.8DVD= 1,200 DVDs

                                            Working Notes  :

Sales Proportion:

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2) Weighted average contribution margin= 60

 

DVD players need to be sold for the company to break even is 1200DVDs.

Learn more :

https://brainly.com/question/10665762?referrer=searchResults

"Two unrelated persons (Person A and Person B) come into your branch office to open a new account. They tell you that the funds are being deposited by Person A, who will be the owner of the account, and that Person B wants to be able to trade the account. They also tell you that only 1 social security number is to be used on the account. How should the account be opened?"

Answers

Answer: Individual account in the name of Person A with a Third Party Trading Authorization granted to Person B

Explanation:

An account that has two or more signatory is known as a joint account. When this account is opened, both parties or all signatory to the account will have to either be physically present or would provide details about about themselves to be used for opening of the account. The account is then opened and all signatory to the account can access and be informed about every detail about the account as there is no preference of one person over the other.

Which of the following is a correct statement?
a) Both purely competitive firms and monopolistic firms are "price makers".
b) A purely competitive firm is a "price-taker" and a monopolistic firm is a "price-maker".
c) Both purely competitive and monopolistic firms are "price takers."
d) A purely competitive firm is a "price-maker" and a monopolistic firm is a "price-taker".

Answers

Answer:

The answer is B.

Explanation:

In purely competitive firms, there are many buyers and sellers that no single buyer or seller can influence the price of goods. They accept the price set by the market conditions which depend on the market supply and demand. Firms in this market are price-takers.

In monopolistic firm, no one is competing against him. He is the only one in the industry. He is the only seller while buyers are many. In most cases, buyers do not have alternative than to buy the product. Because of this, the firm in monopoly sets its price. He is a price-maker.

Among its assets are the following: (1) the showroom building, a separate building used to service customer cars, and various parking lots, (2) a nearby acre of land not currently used by the auto dealership, (3) new and used cars and trucks for sale to customers, and (4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced. The assets that are classified as plant assets on the company's balance sheet include

Answers

Answer:

(1) the showroom building, a separate building used to service customer cars, and various parking lots

(4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced.

Explanation:

Plant Assets are defined as assets in the business that are expected to provide the benefit of helping a company accrue revenue and have will have a useful life of more than a year.

The showroom building, a separate building used to service customer cars, and various parking lots are all places where the company performs business with the showroom showcasing cars for sale and the separate building being used for servicing cars which is another revenue stream.

The car that is used to provide rides to customers who prefer to wait at home while their cars are serviced is also a plant asset as it provides a value added service to customers who will be more likely to have repeat business with the company as a result thereby generating more revenue.

The teams working at Dixon Corp. are allowed to give their suggestions to the top management regarding the workflow and new product designs. The teams are, however, not authorized to make any management decisions and also do not have a say in the kind of projects the company accepts. These teams are an example of a(n) .

Answers

Answer:

employee involvement team

Explanation:

Employee involvement refers to the direct participation of staff by application of their ideas, expertise, and efforts, towards solving problems and in decision making to help their organizations fulfil its mission or meet its objectives. Although the team members are allowed to give suggestions, they are not authorized to make decisions in the managerial capacity.

Some advantages of using employee involvement are:

improved decision making by the organizations

improved attitudes  regarding work

increased employee productivity

increased job satisfaction, because the employees feel like they are being heard.

Bigelow Inc. sells a product for $800 per unit. The variable cost is $600 per unit, while fixed costs are $1,200,000. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $850 per unit.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Bigelow Inc. sells a product for $800 per unit. The variable cost is $600 per unit, while fixed costs are $1,200,000.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 1,200,000 / (800 - 600)

Break-even point in units= 6,000 units

Now, the selling price= 850

Break-even point in units= 1,200,000 / 250

Break-even point in units= 4,800 units

A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service

Answers

Answer:

b. Liability, $9,000,000; expense, $0.

Explanation:

An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations

Here the $9,000,000 million represents the liability

Also the journal entry is

Asset Dr

        To liability

(Being the asset placed is recorded)

There is no expense should be recorded in the income statement

Joan, who has a PhD in economics, has been employed as an agent by Gibraltar Securities for the past 15 years. Missing academic life, she resigns from the broker-dealer and accepts a position as an economics professor at a state university. Which, if any party, is required to notify the state securities Administrator of this change

Answers

Answer:

both the agent in question as well as the former broker/dealer are required to notify the Administrator promptly.

Explanation:

In the specific scenario that is being described both the agent in question as well as the former broker/dealer are required to notify the Administrator promptly. This is mainly due to the fact that the license that an agent possesses expires as soon as they cease to be employed by the broker/dealer and/or issuer for whom they were previously licensed. Therefore this information needs to be presented immediately to the securities administrator and her license needs to be revoked.

The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million. The beta of the company's common stock is 1.25, and the market risk premium is 8%. If the Treasury bill rate is 5%, what is the company's cost of capital

Answers

Answer:

The company's cost of capital will be "13%".

Explanation:

The given values are:

Risk free rate

= 5

Beta

= 1.25

Market risk premium

= 8

Now,

⇒  [tex]cost \ of \ common \ stock=Risk \ free \ rate+Beta\times Market \ risk \ premium[/tex]

On substituting the estimated values, we get

⇒                                    [tex]=5+(1.25\times 8)[/tex]

⇒                                    [tex]=15 \ percent[/tex]

The total value will be:

=  [tex]20 +5[/tex]

=  $[tex]25 \ million[/tex]

As we know,

⇒  [tex]WACC=Respective \ costs\times Respective \ weights[/tex]

⇒              [tex]=(\frac{20}{25}\times15)+(\frac{5}{25}\times 5)[/tex]

⇒              [tex]=12+1[/tex]

⇒              [tex]=13 \ percent[/tex]

Note: % = percent

Correct Inc. is a publicly traded firm with 100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost of debt at 6.5% at a marginal tax rate of 40%. The company has $100 million of cash on its balance sheet. What is the enterprise value of Correct Inc.

Answers

Answer:

The enterprise value of Correct Inc is $4,650 M

Explanation:

In this question, we are interested in calculating the enterprise value of Correct Inc

To do this, we use the mathematical formula below;

Enterprise Value = market value capital and debts - cash and investments

Enterprise Value = 100m shares * $37.50 per share + $1000m debts - $100m

= $3750 m + $1000 m - $100 m

= $4650 m

Rocky Mountain Tire Center sells 20,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 20% of the purchase price of the tires per year. The purchase price is $20 per tire if fewer than 500 tires are ordered, $18 per tire if 500 or more—but fewer than 1,000—tires are ordered, and $17 per tire if 1,000 or more tires are ordered. a) How many tires should Rocky Mountain order each time it places an order? b) What is the total cost of this policy?

Answers

Answer:

a) How many tires should Rocky Mountain order each time it places an order?

667 tires

b) What is the total cost of this policy?

total costs (including merchandise purchased) = $362,400total costs (not including merchandise purchased) = $2,400

Explanation:

we must find the EOQ for the three possible prices:

when price per tire is $17:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $17 = $3.40

EOQ = √[(2 x $40 x 20,000) / $3.40] = 685.99 = 686 tires

when price per tire is $18:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $18 = $3.60

EOQ = √[(2 x $40 x 20,000) / $3.60] = 666.67 = 667 tires

when price per tire is $20:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $20 = $4

EOQ = √[(2 x $40 x 20,000) / $4] = 632.46 = 632 tires

since all options are over 500 units but lower than 1,000, we must take the option where each tire costs $18

total cost:

20,000 x $18 = $360,000

(20,000 / 667) x $40 = $1,199.40

holding costs = average inventory = 667 / 2 = 333.5 x $3.60 = $1,200.60

total costs (including merchandise purchased) = $362,400

PIOs should A. request additional assistance through the National Public Information Support Network. B. seek media release approval from the Communication Unit Leader. C. compile a go kit to allow for lengthy deployments to a long-term incident. D. report to the Finance/Admin Section Chief when arriving at an incident.

Answers

Answer:

B. seek media release approval from the Communication Unit Leader.

Explanation:

A PIO (public information officer) is responsible for managing communications with the media, public and other agencies regarding information on incidents. Before media releases the PIO is to first obtain approval from the incident commander as well as limits on the information to the released. PIO are also responsible for interviews and briefings regarding briefings, manage media and public inquiries, monitor information being reported so as to ensure accuracy

Attestation standards apply when a CPA is engaged to issue a practitioner’s report on A preparation service. The subject matter of a compilation. An examination after performing agreed-upon procedures. A review of an assertion about subject matter that is the responsibility of another party.

Answers

Answer:

A review of an assertion about the subject matter that is the responsibility of another party

Explanation:

An attest engagement is defined as the independent review of a subject matter by a professional other than the auditor by conducting a specific procedure and he is expected to issue a report of his findings on the reliability of the subject matter.

The three stages of attestation services are compilation ,review and audit.

Attestation engagement is governed by the Statements on standard for  attestation engagement (SSAE)

Attorney represented Baker in a claim involving a breach of Baker's employment contract. The case was settled without suit being filed. The proceeds of the settlement were paid directly to Baker~ who subsequently paid Attorney in full for Attorney's fee and expenses. Thereafter, Attorney did no other work for Baker. Baker is now being audited by the Internal Revenue Service (IRS). The IRS has asked Attorney for details of the settlement, including the amount claimed for each item of damage and the amounts paid for the items. Attorney reported the request to Baker who told Attorney not to provide the information to the IRS. Is it proper for Attorney to furnish the information to the IRS

Answers

Answer:

It is proper for the attorney to furnish the information to the IRS in-order to do a suitable audit on Baker on the tax which he or she is eligible to pay for. Withholding such information would amount to preventing them from doing a detailed job which on the long run would amount to filing false tax claim by Baker.

Explanation:

In order to deal with the financial problems inherent to the current Social Security system, President Waldhart proposes that anyone making over $150,000 would receive no benefits. This solution best fits with a(n) ____ approach. Group of answer choices

Answers

Answer: means test benefit

Explanation:

A means test is used to determines whether an individual or a household will be eligible to get some payments or benefits.

An example is the one illustrated in the question whereby President Waldhart proposes that anyone making over $150,000 would receive no benefits.

_______ is the arrangement of having discrete parts of a task done by different people. Multiple Choice A division of labor An employee structure A contingency approach A common purpose An organization chart

Answers

Answer:

a. dvision of labor

Explanation:

i hope this helps you!

A U.S. technology company has decided to move some of its manufacturing processes to facilities in Japan, utilizing the nation's expertise in technological manufacturing. Doing so gives the company the ability to price its products at a lower price point locally than its other "Made in America" competitors. By performing this value creation activity in an optimal location, the company has realized:

Answers

Answer:

a. realized location economies.

Explanation:

The realized location economics refers to the economics in which the companies go throughout the globe to determine and operate that comes under an efficient goods setting. The production of the goods comes under the efficient goods setting creates an added advantage in the production cost  also it gains the competitive advantage

Therefore according to the given situation, the company has location economies realized

2-3 personal experience of exploitation as a consumer

Answers

Answer:

Explanation:

Exploitation often involves a denial of an individual's right (in this case a consumer's right).

Consumers are often exploited in this three areas:

Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.

High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.

False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.

Mr. Green and Mr. Blue contract orally to transfer 500 widgets for $1,000. Mr. Blue sends Mr. Green a receipt one week after the agreement. If Mr. Green now refuses to recognize the agreement a court will find what

Answers

Answer:

That a memorandum of understanding was created by the receipt sent by Mr. Blue and an

enforceable agreement exists

Explanation:

A memorandum of understanding is an agreement between two or more parties stating a lone of action that is binding on the participants.

This is used in place of a legally enforceable agreement. Like a formal gentlemen's agreement.

In this instance they agree orally to transfer 500 widgets for $1,000. Mr. Blue sends Mr. Green a receipt one week after the agreement.

The act of sending a reciept establishes the fact that there is an agreement. Therefore it is enforceable in a court of law.

A third party can increase the supply chain surplus by aggregating demand across multiple firms and gaining production economies of scale that no single firm can on its own. This is called Group of answer choices

Answers

Answer: Capacity aggregation

Explanation:

Capacity aggregation is the planning and management of the entire capacity of the resources of an organization.

Capacity aggregation is when a third party can increase the supply chain surplus by aggregating demand across multiple firms and gaining production economies of scale that no single firm can on its own.

Adam published his personal opinion about the current condition of politics stating,"Though the government is unable to fulfill the demands of the public,they demand votes;they really are beggars on streets." Can politicians sue him for defamation under tort?
A) No,because as a general rule the material in a newspaper is totally exempted.
B) Yes,because defamation in a newspaper is always a tort.
C) Yes,because Adam wrote even though he did not have authority.
D) No,because statements of pure opinion do not amount to defamation.

Answers

Answer:

The correct answer is the option D: No, because statements of pure opinion do not amount to defamation.

Explanation:

To begin with, the fact that Adam have published his personal opinion about a certain topic does not directly indicates that his opinion, in the case of being a hard critic of something, is to be considered a defamation due to the fact that those kind of statements are protected by law in the United States according to the First Amendment to the United States so therefore that his pure opinion is under the freedom of speech regime. That is why that politicians would not be able to sue him for defamation under tort.

Conversion costs include​ ________. A. direct labor and manufacturing overhead costs B. direct material and direct labor costs C. product and period costs D. direct​ material, direct​ labor, and manufacturing overhead costs

Answers

Answer:

A. direct labor and manufacturing overhead costs.

Explanation:

In Financial accounting, conversion costs comprises of all the costs associated with the conversion of raw materials into finished goods or products. These costs are usually calculated by the addition of direct labor and manufacturing overhead.

Hence, conversion costs include​ direct labor and manufacturing overhead costs.

The Cooke family has worked for various General Motors's divisions for over four decades. Bennett Cooke works at the Cadillac division. Rondella Cooke works at the Buick division. Their son Tyrone works at the Corvette plant, and their daughter Niome works at the Saturn plant. The Cooke family could tell you that GM is departmentalized by:

Answers

Answer:

Product

Explanation:

Since in the question it is mentioned that Cooke family worked in the various division like Bennett Cooke works at the Cadillac division and like this other its family working in different divisions

So here it is focused on a single product that could be sold by different divisions

Therefore it is departmentalized by product

Question 9
1 pts
a
D
ESPE
The cost of a van is $16,000 with a residual value of
$2,000. The van has an estimated useful life of 5 years.
The mount of depreciation expense using straight-line
each year is:
D
O $933
O $373
O $737
O none of the above​

Answers

Answer:

The correct answer is:

None of the above (d)

Explanation:

Depreciation is the reduction in the fair value of an asset over time.

cost of van = $16,000

residual value = $2,000

useful life = 5 years

depreciation using straight-line allocation is allocating the depreciation cost equally over the useful life of the asset.

[tex]Annual\ depreciation\ expenses\ = \frac{(cost\ of\ asset\ -\ salvage\ value}{useful\ life\ of\ asset} \\\\\\Annual\ depreciation\ expenses\ = \frac{16,000 - 2,000}{5} \\= \frac{14,000}{5} \\Annual\ depreciation\ expenses\ = \$2,800[/tex]

Answer:

none of the above​

Explanation:

depreciation expense per year using straight line method = (purchase cost - residual value) / useful life = ($16,000 - $2,000) / 5 years = $14,000 / 5 = $2,800 per year

The straight line method for calculating depreciation expense is the simplest method that we can use, since the depreciation expense is the same for every year. Unlike double balance, sum of digits or any other kind of deprecation expense method which varies from year to year.

Kliting Co. has a lot of outstanding accounts receivable but customers are slow to pay, and it doesn't have sufficient cash to pay its suppliers and employees at the end of the month. Instead of borrowing money, Kliting decides to sell its accounts receivable. This form of financing is known as: Group of answer choices

Answers

Answer:

Factoring

Explanation:

Factoring is a form of debtor finance that involves an entity selling it's accounts receivables to a third party at a discount.

The third party is called a factor.

This practice is usually carried out to meet urgent cash needs of the business.

In this instance Kliting Co. has a lot of outstanding accounts receivables and there is need for cash to pay its suppliers and employees at the end of the month.

Instead of borrowing Kliting Co. sells their accounts receivables to get the needed cash.

This is factoring finance

Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in

Answers

Answer:

"Carry Trade", is the right answer.

Explanation:

Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.

The reserve requirement is​ 10%. Suppose that the Fed ​$ worth of U.S. government securities a bond​ dealer, electronically the​ dealer's deposit account at Reliable Bank. Which of the following correctly describes the immediate effect of this​ transaction? A. The total reserves of Reliable Bank by ​$. B. The excess reserves of Reliable Bank by ​$. C. The required reserves of Reliable Bank by ​$. D. Reliable Bank

Answers

Answer:

D. The money supply decreases by ​$150,000.

Explanation:

Note: This question is not complete as some figures are omitted. The full question is therefore presented first before answering the question as follows:

The reserve requirement is​ 10%.

Suppose that the Fed sells ​$150,000 worth of U.S. government securities from a bond​ dealer, electronically debiting the​ dealer's deposit account at Reliable Bank.

Which of the following correctly describes the immediate effect of this transaction on the money​ supply?

A. The money supply decreases by ​$1,500,000

B. The money supply decreases by ​$135,000.

C. There is no change in the money supply.

D. The money supply decreases by ​$150,000.

E. None of the above.

The explanation to the answer is now provided as follows:

This is an example of Open market operations (OMO).

Open market operations (OMO) is a monetary policy strategy in which the central bank such as the Federal Reserve sells or purchases government securities in order to implement a particular monetary policy.

When the central bank sells government securities on the open market, it aims to reduce the money supply by the worth of the securities. This is called a contractionary monetary policy.

On the other hand, when the central bank purchases government securities on the open market, it aims to increase the money supply by the worh of the government securities. This is called an expansionary monetary policy.

From the question, the sale of ​$150,000 worth of U.S. government securities from a bond​ dealer is a contractionary monetary policy and it will reduce the money supply by exactly $150,000.

Therefore, the correct option is D. The money supply decreases by ​$150,000.

Kate's Diner offers one breakfast item, a breakfast special. The market price for this meal is $5. At her profit-maximizing level of output, Kate's average variable cost is $4 per meal. Her average total cost is $6 per meal. Since the market is perfectly competitive, Kate should ________.

Answers

Answer:

keep producing in the short run but exit the industry or go out of business in the long run

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.

A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

grouper Company has an old factory machine that cost $50,750. The machine has accumulated depreciation of $28,420. Grouper has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) What entry would Grouper make to record the sale of the machine for $25,375 cash

Answers

Answer:

Accumulated depreciation $28,420 (debit)

Cash $25,375 (debit)

Profit and Loss $3,045 (credit)

Cost $50,750 (credit)

Explanation:

For any sale of an Item of Property, Plant and Equipment, the sale must be  accounted as follows :

De-recognize the Accumulated depreciation on the AssetDe-recognize the Cost of the AssetRecognize the Proceeds of the SaleRecognize the Profit or Loss on Sale of the asset (In this case there was a profit)
Other Questions
A physical inventory on December 31 shows 3500 units on hand. Bonita sells the units for $15 each. The company has an effective tax rate of 20%. Bonita uses the periodic inventory method. The weighted-average cost per unit is According to control theory everyone is propelled towards deviance, but that two control systems work against these motivations to deviate. How some people in the Pakistan feel that if criminals were given job skills while in prison, then those particular criminals would not repeat their criminal behavior? Explain. How many ways can you arrange your 3 statistics books, 2 math books, and 1 computer science book on your bookshelf if (a) the books can be arranged in any order If you had a business what would it be? Please submit ... - name of the business - logo for the business - why this business? - where in your community would this business take place? - would this business be beneficial in your community? PLEASE help me solve this question! This is really URGENT! No nonsense answers please. Inhibition of perceptual/attentional processes and inhibition of motor processes have both been proposed as possible mechanisms for which phenomenon? In a recent survey of drinking laws, a random sample of 1000 women showed that 65% were in favor of increasing the legal drinking age. In a random sample of 1000 men, 60% favored increasing the legal drinking age. Test the claim that the percentage of men and women favoring a higher legal drinking age is different at (alpha 0.05). The braking distance, D, of a car is directly proportional to the square of its speed, v. When d=5, v=10Find d when v=70 What's the difference between Murder and killer? Water floats on a liquid called "carbon tetrachloride." The two liquids do not mix. A light ray passing from water into carbon tetrachloride has an incident angle of 45.0 and an angle of refraction of 40.1. If the index of refraction of water is 1.33, what is the index of refraction of carbon tetrachloride? How many months does it take for $700 to double at simple interest of 14%? It will takenumber.months to double $700, at simple interest of 14%. Solve for x in x-3x+2=0 What is the volume of the following rectangular prism? Which best describes how the excerpt appeals to readers' emotions? The excerpt provides facts about the tree, which impresses readers' scientific minds. The excerpt describes how the tree traveled to London, which excites the readers' sense of adventure. The excerpt compares the tree to a person, which makes readers feel sympathetic toward the tree. The excerpt explains how to skin a tree, which makes readers feel awed at the height of the tree find the area of the figure pictured below. 3.8ft 8.3ft 7.4ft 3.9ft The function fix) = (x - 4)(x - 2) is shown.What is the range of the function?8all real numbers less than or equal to 3all real numbers less than or equal to -1all real numbers greater than or equal to 3all real numbers greater than or equal to - 16216214COL408G D todos los dias despues de estudiar juego con mis hermanos Kazakhstans capital was Almaty, then it was moved as a forward capital to Astana. What is the new name of Kazakhstans capital city? Draw a line for the axis of symmetry of function f. Also mark the x-intercept(s), y-Intercept, and vertex of the function.f(x)= x^2- 4x-5+10-Line8642--10-8 Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea, the stockholder, invested $13,800 cash in the business. 2. Andrea contributed $23,000 of photography equipment to the business. 3. The company paid $2,400 cash for an insurance policy covering the next 24 months. 4. The company received $6,000 cash for services provided during January. 5. The company purchased $6,500 of office equipment on credit. 6. The company provided $3,050 of services to customers on account. 7. The company paid cash of $1,800 for monthly rent. 8. The company paid $3,400 on the office equipment purchased in transaction #5 above. 9. Paid $305 cash for January utilities.Based on this information, the balance in the A. Apple, Capital account reported on the Statement of Owner's Equity at the end of the month would be:a. $31,400.b. $39,200.c. $31,150.d. $40,175.e. $30,875.