Hunter sailing company exchanged an old sailboat for a new one. the old sailboat had a cost of $110,000 and accumulated depreciation of $22,000. the new sailboat had an invoice price of $124,000. hunter received a trade-in allowance of $96,000 on the old sailboat, which meant the company paid $28,000 in addition to the old sailboat to acquire the new sailboat.

if this transaction lacks commercial substance, what amount of gain or loss should be recorded on this exchange?

a. $8,000 loss

b. $8,000 gain

c. $88,000 loss

d. $0 gain or loss

e. $96,000 gain

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.

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