Equipment that cost $96000 and on which $49000 of accumulated depreciation has been recorded was disposed of for $5 cash. the entry to record this event would include a
a. credit to accumulated depreciation for $5000.
b. credit to the equipment account for $5000.
c. gain of $3000.
d. loss of $3000.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account