Sanchez Enterprises purchased equipment on March 18, 2018, at a cost of $40,000. The equipment was expected to have a 10-year service life, $4,000 in residual value. Sanchez uses the declining balance (150%) method to calculate depreciation. On November 21, 2020, the equipment was sold for $30,000. Assuming Sanchez used the full-month, half-year and full-year (beginning of period) conventions, respectively, what amount of gain or loss would be recognized on the sale date

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?