Sela Sold a Machine for $140,000

question 34

Multiple Choice

Sela sold a machine for $140,000.The machine originally cost $90,000 and $10,000 of MACRS depreciation had been allowable.The buyer assumed an existing loan of $40,000,paid $20,000 cash down and agreed to pay $10,000 per year for eight years plus interest.Selling expenses are $10,000.The total gross profit for installment sale recognition purposes is

• A)$30,000.
• B)$40,000.
• C)$50,000.
• D)$60,000.

Identify and explain the various phenomena affecting recall and recognition, such as the tip-of-the-tongue phenomenon, memory bias, and suggestibility.

Understand the concept of false memories and how they can be created.

Identify memory strategies that can improve recall and reduce forgetting.

Understand the relationship between short-term storage and working memory and their impact on cognitive functions.

---

Definitions:

Total Return

A measure of the performance of an investment, including both capital gains and dividends or interest, over a specific period.

Geometric Return

The average rate of return on an investment that is compounded over multiple periods, reflecting the compound interest effect.

Investment

Channeling money into ventures with the prospect of earning profits or generating income.

Standard Deviation

A statistical measure representing the dispersion or variability around the mean (average) of a set of data points.