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Darina [25.2K]
2 years ago
9

Seven years ago, you paid $324,800 to purchase a rental house. the maintenance expenses average $200 a month and property taxes

are $4,800 annually. the house was recently appraised at $439,500. if you sell the house you will incur $14,200 in selling costs. if you decide to use the house as your office, what value should you assign it
Business
1 answer:
Mariulka [41]2 years ago
3 0

The value that would be assigned to this house if you decide to use it as your office would be $ 425300

<h3>How to solve for the value of the house using opportunity cost</h3>

To get the value of the house, you have to get the opportunity cost of the house. This is the foregone alternative or benefits forgone due to another choice.

The formula is opportunity cost = Apprised Value - Selling costs

The apprised value = $439,500.

selling cost =  $14,200

$439,500 - $14,200

= $ 425300

Hence the value that should be assigned to it is $ 425300

Read more on opportunity cost here:

brainly.com/question/1549591

#SPJ4

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3 years ago
1. The following are categories of accounts reported in the financial statements: A. Current Assets E. Long-Term Liabilities B.
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Answer:

E, B, D, C, A, G, H, F

Explanation:

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What is the first step in consumer decisions-making process?
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8 0
3 years ago
Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,400. Of
Rufina [12.5K]

Answer:

a.$3.35

Explanation:

The first step in determining  conversion cost per unit is to calculate the Total Equivalent units of production for Conversion Costs.

Conversion Costs

Units Completed and transferred (15,000 × 100%) = 15,000

Units in Ending Work In Process (3,000 × 75%)      =  2,250

Total Equivalent units of production                        =  17,250

The next step is to determine the total conversion cost of production incurred during the period.

Conversion Costs

Conversion Costs in Beginning Work In Process                               $4,800

Conversion Costs added during the period ($33,000 + $20,000) $53,000

Total Conversion Costs                                                                      $57,800

Finally calculate the conversion cost per unit

Conversion cost per unit = Total Conversion Costs  / Total Equivalent units of production

                                         = $57,800 / 17,250

                                         = $3.35 (to the nearest cent)

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The importance of customer satisfaction cannot be overstated. there's a direct correlation between how happy customers are and how much money a business makes. Your customer satisfaction score (CSAT) affects repeat purchases rates and customer loyalty, word of mouth referrals, and helps to tell business decisions

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brainly.com/question/7943284

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7 0
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