If a company is considering the purchase of a parcel of land that was originally acquired by the seller for $98,000 is currently offered for sale at $176,000, is considered by the purchaser as easily being worth $166,000, and is finally purchased for $163,000, the land should be recorded in the purchaser's books at:

Answers

Answer 1

Answer:

$163,000

Explanation:

Based on the information given in a situation where the company is considering the purchase of a land which means that if the parcel of land was finally purchased for the amount of $163,000 the amount in which the land should be recorded in the purchaser's books will be the amount of $163,000 which was the amount that was finally used to Purchased the land.

Therefore the land should be recorded in the purchaser's books at:$163,000


Related Questions

which sentence best completes the diagram

A. the discount rate decrease
B. the money supply increases
C. the unemployment rate increases
D. the gross domestic product decreases​

Answers

Answer:

B

Explanation:

taking unit 3 test right now

The sentence best completes the diagram is the money supply increases. Thus the correct option is B.

What are Treasury securities?

To five different term options, Treasury Bills are a type of short-term security that offers protection and tax advantages to investors who invest money in them. The US government's complete faith and reputation are guaranteed as security for the debt obligations.

While selling securities has the reverse impact and takes money from the system, adding securities lowers rates, makes loans simpler to get and boosts economic activity.

When the Fed purchases Treasury securities, it converts them into "reserve balances," or deposits made at the Federal Reserve by a depository institution. This creates additional wealth for the economy.

Therefore, option B is appropriate.

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What was the opportunity cost in a situation in which you use your available cash to buy gas for your car and then stay hungry the rest of the way home?

Answers

Answer:

see below

Explanation:

Opportunity cost is the sacrificed benefit by choosing a preferred option over others. The value of opportunity cost is the foregone benefit from the best alternative.

In this situation, the person had to choose between buying gas for the car or using that money to purchase food. Since the person opted to buy gas, they sacrificed having a meal for the rest of the day.  The pleasure derived from eating is the opportunity cost for this person.  

help with the blank lol

Answers

What bank are u talking about

Manufacturing overhead for the month was overapplied by $3,600. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: (Round intermediate percentage computations to the nearest whole percent.)

Answers

Answer: $19,648

Explanation:

This question is missing details that I could not find so I will answer with a similar question. You can use it to answer yours.

Work in process inventory at the end of March= Work in Process - Overapplied Manufacturing overhead overhead allocated to WIP

Percentage of overhead that went towards WIP:

= Manufacturing overhead applied to WIP/ Total overhead

= 5,830 / 51,920

= 11% (nearest whole percent)

Overapplied Overhead going allocated to WIP:

= Percentage of overhead to WIP * Overapplied overhead for the month

= 11% * $4,200

= $462

Work in process inventory at end of March = 20,110 - 462

= $19,648

If you still donate the $100,000 from the previous problem (investment made today), but ask the college to delay the scholarship payment so that the first scholarship payment is made 10 years from today, then how large will the annual payment be

Answers

Answer:

$5,920.98

Explanation:

The computation of the annual scholarship payment would be shown below:

Future value = Donated amount × (1 + rate of interest)^number of years

= $100,000 × (1 + 0.04)^10

= $148,024.43

Now the annual scholarship payment would be

= $148,024.43 × 0.04

= $5,920.98

Hence, the annual scholarship payment is $5,920.98

You bought an old car a couple of years ago for $1,000 and put about $5,000 of parts and labor into improving it. You sold it yesterday for $3,000. a. How does this sale affect GDP? GDP will increase by $3,000 as a result of this transaction. increase by $4,000 as a result of this transaction. not change as a result of this transaction. increase by $5,000 as a result of this transaction. b. Which option below explains why this transaction does or does not affect GDP? Selling a used car was already counted in a previous year's GDP. is counted as a final good in GDP. "added value" to the economy. is an economic transaction.

Answers

Answer:

I dont know i need help with this to

Selling a used car was already counted in a previous year's GDP.

GDP:A monetary indicator of the market worth of all the finished goods and services produced in a nation over a given time period is called the gross domestic product (GDP). To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP can also be quantified.

Therefore, the correct answer is that Selling a used car was already counted in a previous year's GDP.

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Harrison Company's general ledger account had a balance of $7,300 on July 31 and the following information is also available: Deposits outsanding $ 1,500 Checks outstanding 2,000 NSF checks 45 A $35 July deposit from a customer was recorded as $53 debit to Cash and credit to Accounts Receivable What is the amount of Harrison's correctd cash balance at July 31

Answers

Answer:

See below

Explanation:

The above is an incomplete question. However, the below is a similar question to complement it.

Balance July 1, $55,678

Deposits $179,500

Checks processed ($192,610)

Service charges ($30)

NSF checks ($1,200)

Monthly loan repayment deducted directly by the banks from account includes ($320) in interest. ($3,320)

With regards to the above, the corrected cash balance is computer as;

Balance per books

$7,300

Less:

Error in recording receipts ($53 - $35)

($18)

Less;

NSF charges

($1,200)

Less:

Automatic monthly loan payment

($3,320)

Less:

Service charge

($30)

Corrected cash balance

$2,732

An
is an additional feature on a rental car that is available at an extra cost.

Answers

Answer:

Yes because it will always coast more

Explanation:

My Dad teach me about that hope this help.

(Blank) exchange rates are determined by (blank)
forces and fluctuate against each other day
to day.

Dirty; government
Fixed; internal
Fixed; market
Floating; market

Answers

Answer:

Floating; market

Explanation:

A floating exchange rate system refers to the method of allowing the market forces to determine the exchange rate of a country. The government does influence the exchange rate. The market forces of demand and supply determine the exchange rate.

The foreign exchange market or Forex is the market for currencies. Demand and supply forces at the Forex fix the exchange rate of a floating currency.

Your boss on the West Coast says he needs your updated spreadsheet by 5:00 on Friday. You assume he means Pacific time, but you are working in Washington, DC. You submit your updates at 6:00 Eastern time and consider yourself two hours within the deadline. When you arrive at work on Monday morning, there is a scathing e-mail in your inbox. It turns out your boss, knowing you were in Washington, DC, was translating time for you and meant 5:00 Eastern time. This misunderstanding happened because your boss used

Answers

Answer:

equivocal terms.

Explanation:

Since in the question it is mentioned that your boss needs the updated sheet by 5:00 on friday but you presume that it means the pacific time and according to this you submit the updated at 6:00 but at the morning morning there would be a scathing email so this misunderstanding would be occured due to equivocal terms as it deals with the multiple meanings

Please answer !!! For a lot of points

Answers

The answer is A.60mil hope that help

Answer:

thanks for points

Explanation:

XYZ Inc. has a facility with six departments (A, B, C, D, E, and F). A summary of the processing sequence for 10 products and the weekly production forecasts for the products are given in the tables below. a. Develop the from-to chart based on the expected weekly production. b. Develop a block layout using SL

Answers

Answer:

hello your question is incomplete attached below is the complete question

answer : attached below

Explanation:

A) develop the from-to chart based on expected weekly production

Firstly we calculate the production quantity processed

i) Qab = 960 + 1200 + 720 + 2400 + 480 + 2400 + 3000 + 960 + 1200 = 13320

ii) Qbd = 2400 + 3000 + 1200 = 6600

B) calculate the values to be entered in cells of table attached below (develop a block layout using SLP )

Cell bc = 11400 + 6600 = 18000

Cell bd = 6600 + 3000 = 9600

Cell be = 4920 + 5400 = 10320

Cell cd = 2400 + 1200 = 3600

Cell ce = 4200 + 7800 = 12000

Cell df = 960 + 1200 = 2160

Sandra Corporation has provided the following information for its most recent year of operation: Revenues earned were $90,000, of which $9,000 were uncollected at the end of the year. Operating expenses incurred were $40,000, of which $9,000 were unpaid at the end of the year. Dividends declared were $13,000, of which $6,000 were unpaid at the end of the year. Income tax expense is $19,000. What is the amount of net income reported on Sandra's income statement

Answers

Answer:

the net income that should be reported on the income statement is $31,000

Explanation:

The computation of amount of net income is shown below:

Revenue $90,000

Less Operating Expenses -$40,000

Profit Before Tax -$50,000

Less Taxes -$19,000

Net Income $31,000

Hence, the net income that should be reported on the income statement is $31,000

An index consists of the following securities and has an index divisor of 3.0. What is the price-weighted index return? Stock Shares Outstanding Begin Price End Price A 4,500 $ 20 $ 25 B 7,000 $ 15 $ 12 C 3,000 $ 28 $ 35

Answers

Answer:

14.29%

Explanation:

Calculation for the price-weighted index return

Price-weighted index return = [($25 + $12 + $35)/3] - [($20 + $15 + $28)/3]/[($20 + $15+ $28)/3]

Price-weighted index return =[($72/3)-($63/3)]/($63/3)

Price-weighted index return =($24-$21)/$21

Price-weighted index return =$3/$21

Price-weighted index return =0.1429*100

Price-weighted index return =14.29%

Therefore the Price-weighted index return will be 14.29%

Suppose the Federal Reserve wants to fix the U.S. exchange rate with the yen at $0.008 per yen. If the equilibrium market exchange rate were significantly lower at $0.007 per yen, what would the Fed need to do to maintain the fixed rate of $0.008 per yen

Answers

Answer:

The classification of the query is characterized throughout the explanation segment below as well.

Explanation:

As even the Fed needs to improve this same exchange money supply at $0.008, and once again the exchange rate would be $0.007, amortization throughout the stock exchange would be needed to reduce the monetary value to $0.008.

To start reducing that as well, the Fed hopes to pay the dollar upon that shop and bought Yen as well as enhance the amount of money in circulation throughout the market, which would rise in value this same dollar against Yen as well as lose value the currency. This should encourage people to spend in the United States market and lower the inflation rate. At the relatively high monetary policy, this same rate has been decreasing, which will contribute to something like a capital flight throughout the Us as well as increase the value of the yen.

A deposit of $100,000 is made to an investment account today. At the end of each of the next four years, $10,000 must be paid out to a beneficiary, and the account liquidated at the end of year four. If the liquidation value is $100,000, the account has earned an annual internal rate of return of ___________%. (percent, rounded three places after the decimal)

Answers

Answer:

14.06%

Explanation:

Assume their is a cash out flow today of $100000, and next four year annual cash inflow of 10000 and 120000 at the end of year 4.

We can use IRR formula to find the interest rate.

year                            cashflow

0                                   -100000

1                                      10000

2                                     10000

3                                     10000

4                                     130000

IRR                                 14.06%

The calculation has been done on excel sheet

Which actions can be performed on tables in Word? Check all that apply.
V adding rows
Vadding columns
deleting rows
deleting columns
V changing column width
aligning tables
D converting tables to text
converting tables to graphs

Answers

Answer and Explanation:

At the time of making tables in word we can do the following things

1. Rows could be added

2. Columns could be added

3. Rows could be deleted

4. Column could be deleted

5. The width of the column could be changed

but it does not allow to convert the table into text form or in graph form

Therefore only the last option would not be covered

A couple of generations ago, a relative of John wanted to share her wealth with family members and decided to open a special bank account. The purpose of such financial instrument was to pay out an annuity forever, which would be shared among all family members. Given that the initial deposit was 401,935 dollars and the prevailing interest rate at that time was 5 %, compounded annually, find the value of the annuity this family collects every year. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)

Answers

Answer: 20097

Explanation:

Based on the information provided, the value of the annuity this family collects every year will be calculated as:

Present value of annuity will be:

= Annual cash flow × Interest rate

= 401,935 × 5%

= 401935 × 5/100

= 401935 × 0.05

= 20096.75

= 20097

The annuity collected every year will be 20097.

Which factor has had a large impact on the decline of employment in the newspaper, periodical, book, and directory publishing industry? reading ability among U.S. citizens lack of interest in news coverage emergence of digital media all of the above

Answers

The answer is periodical and if it is not that then i am sure that it would be book.

Hope this helps !

Answer:

emergence of digital media

Explanation:

Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the following data concerning the activity rates in its activity-based costing system: Activity Cost Pools Activity Rate Size-related$1.33per guest Complexity-related$28.42per tier Order-related$74.92per order The measure of activity for the size-related activity cost pool is the number of planned guests at the wedding reception. The greater the number of guests, the larger the cake. The measure of complexity is the number of tiers in the cake. The activity measure for the order-related cost pool is the number of orders. (Each wedding involves one order.) The activity rates include the costs of raw ingredients such as flour, sugar, eggs, and shortening. The activity rates do not include the costs of purchased decorations such as miniature statues and wedding bells, which are accounted for separately. Data concerning two recent orders appear below: Tijerina WeddingTwersky Wedding Number of reception guests 54 129 Number of tiers on the cake 2 4 Cost of purchased decorations for cake$29.30$54.84 Assuming that all of the costs listed above are avoidable costs in the event that an order is turned down, what amount would the company have to charge for the Tijerina wedding cake to just break even

Answers

Answer:

$230.02

Explanation:

Calculation for what amount would the company have to charge for the Tijerina wedding cake to just break even

Size related $69.16

($1.33 per guest × 52 guests)

Complexity-related $56.84

($28.42 per tier × 2 tiers)

Order-related $74.72

($74.92 per order × 1 order)

Cost of purchased decorations for cake $29.30

Total cost $230.02

($69.16+$56.84+$74.72+$29.30)

The amount that the company would have to charge for the Tijerina wedding cake to just break even will be $230.02

the discount rate refers to which tool of monetary policy?
A. The ability to buy and sell treasury securities on an open market.
B. The ability to require banks to hold a certain amount of money in reserve.
C. The ability to adjust interest rates for investors who purchase stocks.
D. The ability to change the cost banks have to pay to borrow money.​

Answers

Answer:

D. The ability to change the cost banks have to pay to borrow money.​

Explanation:

Reserve( FED) sets the discount rate and applies it on loans to commercial banks and other institutions. Commercial banks use the discount rate as the basis for determining the interest rate to charge customers for loans issued.

The discount rate is among the monetary policy tools available for use by the FED. An increase in the discount rate leads to a rise in commercial banks' loan interest rates, thereby discouraging borrowing. Reduced borrowing reduces the money supply in the economy.

An investment, which has an expected return of 5.9%, is expected to make annual cash flows forever. The first annual cash flow is expected in 1 year and all subsequent annual cash flows are expected to grow at a constant rate of 2.5% per year. We know that the cash flow expected in 1 year from today is expected to be $4,500. What is the present value (as of today) of the cash flow that is expected to be made in 3 years from today

Answers

Answer:

$3,980.82

Explanation:

Rate per annum = 5.9%

Number of years = 3

No of compounding per annum = 1

Rate per period = 5.9%

Number of period = 3

Future value = 4500*(1+0.025)^2 = $4727.81

PV of 3 years cashflow = Fv * [1/[(1+r)^n]]

PV of 3 years cashflow = $4727.81 * [ 1 / (1+5.9%)^3]

PV of 3 years cashflow = $4727.81 * [1 / 1.059^3]

PV of 3 years cashflow = $4727.81 * 1/1.187648379

PV of 3 years cashflow = $4727.81 * 0.842000057

PV of 3 years cashflow = $3980.81628948517

PV of 3 years cashflow = $3,980.82

Innovation activities are often aimed at making a discovery or commercializing a technology ahead of competition. What are some of the unethical practices that companies could engage in during the innovation process. What are potential long-term consequences of such actions

Answers

Answer:

lack of consumer safety

Explanation:

One of the biggest unethical practices that occur during the innovation process is lack of consumer safety. The entire idea of the innovation process is to try and create something truly functional that has not been done before and release it way before any competitor can create a similar product. In this rush to create the product, producers completely ignore many obvious faults that the product may have and/or any dangers it may pose to the consumer as long as the product works as intended.

The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $32,000, Liabilities = ?
Common Stock = $6,200:
Revenue = $13,400,
Dividends = $1,350,
Beginning Retained Earnings = $4,350
Ending Retained Earnings - $8,200
The amount of liabilities reported on the end-of-period balance sheet was:_________
a) $10.550
b) $17.600
c) $21.450
d) $12.550

Answers

Answer:

b) $17.600

Explanation:

The computation of the liabilities is shown below:

As we know that

Total assets = Total liabilities + total equity

$32,000 = Total liabilities + $8,200 + $6,200

So, the total liabilities is

= $32,000 - $8,200 - $6,200

= $17,600

hence, the option b is correct

Industry boundaries and the strengths of Porter's 5 forces are not static and thus they change over time. For instance, Airbnb has completely changed the boundaries of the lodging industry and has seriously decreased the bargaining power of suppliers whereas it has tremendously increased the bargaining power of buyers. What are some other examples of industries that have evolved over time

Answers

Answer:

The explanation of the statement is summarized mostly in the explanation section following.

Explanation:

However one illustration could be seen throughout the FMCG as well as Grocery industry, everyone is always selling internet based as well as home transportation has been one of the primary targets on either the basis of these observations. Amazon, Goffers, and so on are attempting to sell through that whole platform. The DVD as well as the Amusement business sector has indeed been actively engaged in such a radical change throughout cloud-based as well as mobile phone saturation. Because of the influence of technological advances, we could even conclude that certain changes have taken place. Throughout based on competitive strength, that would be the direct consequence of rivalry between the world's top corporations. Everybody is endeavoring to destabilize new technology.

Then again the market price has indeed been increased significantly, so organizations are attempting to represent individuals with a reasonable profit.

On January 1, Year 1, Justo purchases 30,000 shares of the 100,000 outstanding shares of stock in Bonita Corp. for $5 per share. During the year, Bonita Corporation has $20,000 of net income and pays $4,000 in dividends. On December 31, Year 1, the value of a share of Bonita Corporation stock is $6 per share. Assuming Justo elects the fair value option to account for its investment in Bonita, what is the amount recorded as Investment in Bonita on the December 31, Year 1, balance sheet

Answers

Answer:

$180,000

Explanation:

The computation of the amount recorded as investment on the Dec 31, year 1 as follows

As the investment should be recorded at the fair value i.e.

= 30,000 shares × $6

= $180,000

Plus the amount of $30,000 that represent the unrealized gain would be recorded as the earnings for the given period

U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturity: $97.75, 182 days. (1) Calculate the bank discount rate (DR) on this bill if it is held to maturity. (2) What is the equivalent yield to maturity (sometimes called the bond-equivalent or coupon equivalent yield) on this Treasury bill

Answers

Answer and Explanation:

The computation is shown below:

Given that,

Price = $97.75

Time = 182 days

Face value = $100

Based on the above information  

1) bank discount rate is  

= (Face value - price) ÷ Face value × 365 / Time

= ($100 - $97.75) ÷ 100 × (365 / 182)

= 0.0225 × 2.005494

= 0.0451 (or) 4.51%

2) equivalent yield to maturity

= (Face value ÷ price)^365 ÷ Time - 1

= ($100 ÷ $97.75)^365 ÷ 182 -1

= 0.04669 (or) 4.66%

The Sarbanes-Oxley Act of 2002 has: Group of answer choices reduced the annual compliance costs of all publicly traded firms in the U.S. decreased senior management's involvement in the corporate annual report. decreased the number of U.S. firms going public on foreign exchanges. made officers of publicly traded firms personally responsible for the firm's financial statements.

Answers

Answer:

made officers of publicly traded firms personally responsible for the firm's financial statements

Explanation:

The Sarbanes-Oxley Act, due to corporate fraud, was created to restore investor confidence in financial markets and to fill loopholes in publicly traded companies.The law created strong audit committees for companies that traded publicly and made officials (companies) personally responsible for the accuracy of financial statements.a

Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had applied overhead costs of $57,600 and $21,000 in them, respectively. There was no Work-in-Process at the beginning or end of 2016. During the year, manufacturing overhead costs of $75,000 were actually incurred. The balance in the Applied Manufacturing Overhead was $78,600 at the end of 2016. If the under- or overapplied overhead is prorated between Cost of Goods Sold and the inventory accounts, how much will be the Cost of Goods Sold after the proration

Answers

Answer: $60238

Explanation:

First and foremost, we need to calculate the over applied overhead which will be the difference between the actual overhead and the applied overhead. This will be:

= $78600 - $75000

= $3600

Then, the portion allocated to the cost of goods sold will be:

= $3600 × $57600 /($57600 + $21000)

= $3600 × $57600/$78600

= $3600 × 0.7328

= $2638

Therefore, the cost of Goods Sold after the proration will be:

= $57600 + $2638

= $60238

New Hampshire adopted a tax law that in effect taxed the income of nonresidents working in New Hampshire only. Austin, a nonresident who worked in New Hampshire, claimed that the tax law was invalid. Was he correct

Answers

Answer:

He was correct. It violates equal protection, as this only applies to non-residents.

Explanation:

From the question we are informed about New Hampshire which adopted a tax law that in effect taxed the income of nonresidents working in New Hampshire only. Austin, a nonresident who worked in New Hampshire, claimed that the tax law was invalid. In this case, He was correct since It violates equal protection, as this only applies to non-residents. Income Tax Act can be regarded as an act that governs tax charged which applies to income of individuals, body of individuals as well as famies. The Section 1 of this Act state that tax is an obligation that needed to be fulfilled to State Inland Revenue Service in as much the the individual resides there.

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