Recorded $200 of depreciation expense. sold land that had originally cost $9,000 for $14,000 in cash. acquired a new machine under a financing lease. the present value of future lease payments, discounted at 9%, was $12,000. recorded the first annual payment of $2,300 for the leased machine (in part c). recorded a $5,900 payment for the cost of developing and registering a trademark. recognized periodic amortization for the trademark (in part e) using a 40-year useful life. sold used production equipment for $17,000 in cash. the equipment originally cost $48,000, and the accumulated depreciation account has an unadjusted balance of $23,100. it was determined that a $1,000 year-to-date depreciation entry must be recorded before the sale transaction can be recorded. record the adjustment and the sale.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times

When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.