Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following:
Original Cost Residual Value Estimated Life Accumulated Depreciation
Asset (straight-line)
Machine A $39,000 $4,500 6 years $28,750 (5 years)
Machine B 75,200 5,900 14 years 54,450 (11 years)
The machines were disposed of in the following ways:
a. Machine A: Sold on January 1 for $11,000 cash
b. Machine B: On January 1, this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost.
Required:
Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year.

Aceramics manufacturer sold cups last year for $7.50 each. variable costs of manufacturing were $2.25 per unit. the company needed to sell 20,000 cups to break even. net income was $5,040. this year, the company expects the price per cup to be $9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. how many cups (rounded) does the company need to sell this year to break even?

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i. e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i. e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.

Rich is researching for an economics paper on the history of exchange rates between the us and great britain. the best choice for rich to use is