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notka56 [123]
4 years ago
11

On October 17, Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $435,000 while the

land carried a value of $315,000. Nikle paid $53,500 down in cash and signed a notes payable for the balance. Prepare the journal entry for this transaction. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Sophie [7]4 years ago
5 0

Answer:

Explanation:

Asset dr.          750000

    Cash cr.             53500

    Liability cr.         696500

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Managing economic exposure is generally perceived to be ____ managing transaction exposure. a. more difficult than b. less diffi
Anit [1.1K]

Answer:

the correct answer is a. more difficult than

Explanation:

Unlike Transaction exposure, economic exposure is difficult to predict and difficult to mitigate in an event of occurence, thus making it harder to manage than transaction exposure.

This is mainly because economic exposure can happen due to various macro economic factors and international political incidents.

6 0
3 years ago
Read 2 more answers
Kelly's Kitchen, a popular chain of fast food restaurants, offers a kids' meal pack free with every purchase of its newly introd
aleksandr82 [10.1K]

Answer:

Premium

Explanation:

Kelly's kitchen in offering kids meal with every purchase of its luxury meal pack; this is an effective method to attract customers and to improve overall sales. The method which Kelly's kitchen has opted for is known as premium. The kitchen is offering a premium or an incentive to every customer who buys their luxury meal pack. Premium is an incentive which is offered in this example.

5 0
3 years ago
The process through which a product or service takes root initially in simple applications at the bottom of a market and then mo
Kryger [21]

Answer: Disruptive innovation

Explanation: Disruptive innovation is an application of nicer finding that relay new conditions and demand at operation at current time that establishes a new demand and graphical diagram of civil and specialized aids inside and between companies and how they are effectively and practically used. Ultimately, it interrupts an existing demand and value network, taking over conventional demand-dominating companies, commodities, and unions.

6 0
3 years ago
a manufacturing plant averaged $740 of raw materials .$320 of work in process inventory and $1010 of finished goods inventory du
Vika [28.1K]

Answer:

4.83 times

Explanation:

The computation of the inventory turnover is shown below:

= Cost of goods sold ÷ average inventory

where,  

Average inventory = Raw material inventory + work in progress inventory + finished goods inventory

= $740 + $320 + $1,010

= $2,070

And, the cost of good sold is $10,000

Now put these values to the above formula  

So, the answer would be equal to  

= $10,000 ÷ $2,070

= 4.83 times

6 0
3 years ago
Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $96,000 to produc
Shtirlitz [24]

Answer:

Yes

Explanation:

The computation is shown below:

Particulars         Sales As Is   Process further     Incremental Accounting

Sales            $89,500       $605,000               $515,500

                                             (1,375 units × $440)

Less:

Additional Process costs $398,750                $398,750

                                          (1,375 units × $290)

Total           $89,500       $206,250                $116,750

Based on the incremental income, Holmes should process it further.

6 0
3 years ago
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