Hawthorne Company Sold an Old Computer for $3,000 Cash

question 62

Multiple Choice

Hawthorne Company sold an old computer for $3,000 cash. The computer cost $45,000 and had accumulated depreciation through the date of sale totaling $42,000. The company will recognize:

• A)a gain of $3,000.
• B)a loss of $3,000.
• C)neither a gain nor a loss.
• D)a loss of $37,500.

Distinguish between efficiency and equality in economic terms and their relation to market outcomes.

Appreciate the role of equilibrium in maximizing total market benefits.

Understand the concept of socialization and its importance in human development.

Identify and explain the roles of significant others and the generalized other in the socialization process.

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Definitions:

Sociocultural Factors

Aspects of society and culture that impact an individual's thoughts, behavior, and emotions, such as norms, values, and beliefs.

Serious Physical Assault

A form of violence characterized by a severe attack or harm done to another person's body.

Aggression

Behavior intended to harm or intimidate others, which can be physical or verbal in nature.

Frustration-Aggression

A hypothesis suggesting that aggression is often the result of frustration, or the blockage of a goal.