During the current year, Acme Company recognized $29,300 of…

During the current year, Acme Company recognized $29,300 of depreciation expense, acquired $126,500 of new equipment, and sold old equipment at a gain of $3,400. In addition, the balance of the Property, Plant and Equipment account increased by $4,700 and the balance of the Accumulated Depreciation account increased by $3,800. How much cash did Acme receive from the sale of the old equipment?

A 35-year-old woman presents to the emergency department wit…

A 35-year-old woman presents to the emergency department with complaints of fatigue, weight loss, and abdominal pain for the past few weeks. She also reports feeling dizzy when standing up. Her blood pressure is 90/60 mmHg, and she appears tanned despite minimal sun exposure. Laboratory tests reveal hyponatremia and hyperkalemia.  Which morning lab would be expected given the most likely diagnosis for this patient? 

Acme Company makes all sales on account. During the current…

Acme Company makes all sales on account. During the current year, Acme reports a gross margin percentage of 52%, an average accounts receivable balance of $60,000, an average inventory balance of $96,000, cost of goods sold of $288,000, and net income of $76,000. What is Acme’s average collection period? Round to one decimal place.

Imagine you are in week 2 of the course and you are ready to…

Imagine you are in week 2 of the course and you are ready to take quiz #2. You try to open the quiz at 10pm on Sunday. The deadline for completing the quiz is 11:59pm on Sunday. You encounter a technical issue and can’t open the quiz. The proper action is to contact the course instructor for help in resolving the technical issue.