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adoni [48]
3 years ago
12

Laramie Company has acquired a property that included both land and a building for​ $500,000. The company hired an appraiser who

has determined that the market value of the land is​ $300,000 and that of the building is​ $480,000. At what amount should the company record the cost of the​ building? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
Business
1 answer:
inysia [295]3 years ago
5 0
Idk . idk . idk . idk . idk .
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DTO, Inc., has sales of $24 million, total assets of $21.1 million, and total debt of $8.2 million. Assume the profit margin is
Scrat [10]

Answer:

a. Net income = Sales * profit margin

= $24 million * 10%/100

= $2.4 million

b.  ROA = Profit / Total Assets

= $2.4 million / $21.1 million

= 0.11374

= 11.374%

c.  ROE = Profit / (Total Assets - Debt)

= $2.4million / ($21.1million - $8.2million)

= $2.4million / $12.9 million

= 0.186

= 18.6%

4 0
3 years ago
Mention and explain documents for buying and selling​
Jlenok [28]

Answer:

Inquiry Letter

Sometimes a business can send this to a supplier to find out if they have a certain good in stock.

Purchase Requisition

This is a document used by a department in a company to request that those in charge of procurement acquire some goods for them.

Quotation

This is a document sent by a supplier to the prospective buyer informing them of the goods they have and their selling price.

Purchase Order

This is the document that shows a formal request for goods from a supplier.

Delivery Note

This is used to confirm that the buyer has received the goods they ordered. The buyer will typically sign this document to confirm receipt.

Invoice

A supplier prepares and sends this to the buyer to show them the goods they ordered and the prices so that the buyer knows how much they owe.

4 0
2 years ago
Alice purchases a rental house on August 22, 2017, for a cost of $174,000. Of this amount, $100,000 is considered to be allocabl
sergij07 [2.7K]

Answer:

correct option is c. $1,364

Explanation:

given data

purchases house = $174,000

cost of the home = $100,000

cost of the land = $74,000

solution

we know that here MACRS  depreciation deduction is here on the $100000

because home only residential real property

and land is not depreciated assets

so here depreciation rate is 1.364 %

so that maximum depreciation deduction allowed is = $100,000 × 1.364

maximum depreciation deduction allowed = 1364

so correct option is c. $1,364

3 0
3 years ago
If economic activity increases, it follows that economic welfare:
grigory [225]
Probably goes either way 
7 0
3 years ago
Your company just sold a product with the following payment​ plan: $40,000​ today, $35,000 next​ year, and​ $30,000 the followin
liberstina [14]

Answer:

the money that will be in the account after collecting the last​ payment is $112,044

Explanation:

The computation of the money that will be in the account after collecting the last​ payment is shown below:

Amount  is

= $40,000 × (1.06)^2 + $35,000 × (1.06) + $30,000

= $112,044

Hence, the money that will be in the account after collecting the last​ payment is $112,044

3 0
3 years ago
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