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LenKa [72]
3 years ago
12

Chico Company paid $560,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the

following estimates of the market values of the assets if they had been purchased separately: Office furniture, $140,000; Building, $460,000, and Land, $110,000. Based on this information, what is the cost that should be allocated to the office furniture? (Round your intermediate percentages to four decimal places: ie .054231 = 5.42%.)
Business
1 answer:
s2008m [1.1K]3 years ago
3 0

Answer: $110,432

Explanation:

The cost allocated to the Office furniture is the percentage of total appraised cost * the price paid for the basket purchase because it shows what proportion of the Basket Purchase should be ascribed to the Office furniture.

Total Appraised value = 140,000 + 460,000 + 110,000

= $710,000

Office furniture Proportion = 140,000/710,000

= 0.1971830985

=0.1972

Amount to be allocated to Office furniture = 0.1972 * 560,000

= $110,432

$110,432 should be allocated to the office furniture.

= $110,422.

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Prosocially motivated behavior is driven by the fear of punishment. is performed for social recognition and respect. attempts to
Studentka2010 [4]

Answer:

Option D. It is the behavior that seeks to improve the well-being of other people.

Explanation:

The reason is that prosocial behavior are motivated by altruism, which is a behavior of a person to benefit others and this may be at the cost of oneself. So their is no mean in this charity work and is purely an act of humanity. This prosocially motivated behavior is the purest form of altruism hence the only correct option here is option D.

8 0
3 years ago
Sandhill Company had bonds outstanding with a maturity value of $313,000. On April 30, 2017, when these bonds had an unamortized
siniylev [52]

Answer:

bonds payable     313,000 debit

loss at redemption 21,520 debit

           discount on bonds payable   9,000 credit

           cash                                     325,520 credit

Explanation:

face value of the bons     313,000

discount                        <u>       (9,000)  </u>

book value of the bonds 304,000

They are called at 104/100 of the face value of $313,000

that is: 325,520 dollars

we have paid 325,520 dollars for bonds worth 304,000 dollar in our accounting thus, we have a loss for 21,520 dollars

7 0
3 years ago
A loan for a new car costs the borrower .8% per month. what is the ear?
BARSIC [14]
Hi there

The answer is
ERA=((1+0.008)^(12)−1)×100=10.03%

Good luck!
4 0
3 years ago
Some occupations require skills in handling things, but all jobs require skills in handling people. True False
nekit [7.7K]

Answer:

true

Explanation:

7 0
3 years ago
Read 2 more answers
Assume that the market equilibrium price is 50 cents for a pound of bananas, and the quantity sold is roughly 10 pounds. What ki
nekit [7.7K]

Answer:

The price control that could generate excess supply is to increase the price to 75 cents which would give the suppliers an incentive to supply since the potential profits have risen.

Explanation:

Market equilibrium can be defined as the point where market supply and market demand are equal,leading to stabilization of prices. The forces of supply and demand usually control the price at which goods and services will be set. Economists like Adam Smith utilized the concept of the free market to stipulate that the forces of supply and demand in a market will no government interference always push the market to it's equilibrium. Equilibrium generally means that the forces in the market have no incentive of changing their behavior.

Supply can be defined as the act of making something available to someone. In the context of an economy, the suppliers make goods and services available to the consumers. Demand on the other hand is the quantity of a good or service that consumers are willing purchase at a certain price. When demand exceeds the supply, the suppliers increase the price and when the supply exceeds the demand, the price drops.

In our case, increasing the price to 75 cents would give the suppliers an incentive to supply since the potential profits have risen. This would lead to excess supply since the price is set above the equilibrium price.

8 0
3 years ago
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