1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iVinArrow [24]
3 years ago
10

A company purchased a tract of land on which it expects to build a production plant in approximately five years. During the five

years before construction, the land will be idle. In what classification should the land be reported?
Business
1 answer:
adelina 88 [10]3 years ago
7 0

Answer:

A long-term investment.

Explanation:

The land should be classified as a long-term investment.

This is an asset owned by the company, that it intends to keep for more than a year. This asset is usually recorded on the asset side of a company's balance sheet.

It is the opposite of short-term investment which is sold within one year.  

You might be interested in
About what is in your proposed product or service that will satisfy the need of your community.​
kobusy [5.1K]

Explanation:

For a product or service to satisfy the needs of its potential audience or a community, it is necessary that it adds value to these people, that is, that the marketing objectives related to the product or service are aligned with the wishes, preferences and expectations of the customers. consumers, so that it adds value and raises the need for consumption. It is necessary for a company to study the market before inserting a new product, in order to identify the consumption profile of a certain group of consumers and for the strategic planning to be well aligned with actions to achieve the marketing objectives.

4 0
3 years ago
You are the operations manager of a firm that uses the continuous-review inventory control system. Suppose the firm operates 52
Effectus [21]

Answer:

C. Greater than $6 but not greater than $9

Explanation:

The computation of the  unit holding cost per year is shown below:

As we know that

Economic\ order\ quantity = \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Annual demand is 450 × 52 weeks = 23,400 units

Ordering cost is $35 per order

Economic order quantity is 468 units

Now placing these values to the above formula

468\ units = \sqrt{\frac{2\times \text{23,400}\times \text{\$35}}{\text{Carrying\ cost}}}

Now to find out the carrying cost, the calculation is given below:

= (2 × 450 units × $35) ÷ 468^2

= $7.48 per unit

The carrying cost is also known as holding cost

6 0
3 years ago
An investment adviser structured as a partnership lends money to a customer to buy recommended securities. Under NASAA's Model R
Eva8 [605]

A) acceptable, provided the securities are used as collateral for the loan and the loan conforms to the provisions of Regulation T.

B) acceptable, provided the loan is made under the provisions of Regulation T of the Federal Reserve.

C) unethical.

D) acceptable, provided the securities are used as collateral for the loan.

Answer: Unethical

Explanation: Based on the model and policy of the North America Securities Administrator's Association, the investment adviser cannot lend money to a customer to purchase recommended securities under the guise of being partners, such behavior is deemed UNETHICAL and in violation of the rule binding the practices and investment advisers and investment adviser representatives.

Customers can purchase securities by taking loans from recommended or regulated lender, broker or bank.

5 0
3 years ago
During March, Adams Company had sales of $5,000,000, variable expenses of $3,000,000, and fixed expenses of $1,500,000. Assume t
ad-work [718]

Answer:

Option (c) is correct.

Explanation:

Variable cost as a percent of sales:  

= (Variable expenses ÷ Sales) × 100

= ($3,000,000 ÷ $5,000,000) × 100  

= 60%

If Sales = X

then Variable cost is 0.6X (i.e. 60% of Sales)

Sales - Variable cost - fixed expenses = net operating income

X - 0.6X - 1,500,000 = 300,000

0.4X = 300000 + 1500000 = 1800000

X = 1800000 ÷ 0.4

  = 4,500,000

4 0
3 years ago
Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectivel
hjlf

Answer:

$48,800

Explanation:

Ratio = 2:3

Total investment:

= Benson capital + Orton capital + Ramsey capital

= $60,000 + $40,000 + $20,000

= $120,000

Total Equity of Ramsey:

= 40% of  Total investment

= 0.4 × $120,000

= $48,000

Old partners contribution:

= Equity of Ramsey - Ramsey capital

= $48,000 - $20,000

= $28,000

Benson’s capital balance after admitting Ramsey:

= Benson’s capital - Old partners contribution(2 ÷ 5)

= $60,000 - [$28,000 × (2 ÷ 5)]

= $60,000 - $11,200

= $48,800

6 0
3 years ago
Other questions:
  • Select all that apply. personal values for working include: feelings of accomplishment pride in effort global economy satisfacti
    6·2 answers
  • When a business process is​ _________, more of the work is moved from the human side to the computer side of the​ five-component
    10·1 answer
  • true or false: a supply curve describes how much a producer of services are willing to sell at different prices
    5·1 answer
  • George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits unti
    10·1 answer
  • At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $308,000 and in Allowance for Uncollectible A
    13·1 answer
  • What is global standardization strategy​
    13·1 answer
  • Suppose that the price of labor is $7 for a firm, while the price of capital for a firm is $10. Also suppose that the Marginal P
    12·1 answer
  • What is the safest way to make sure you are using a copyrighted image fairly? A. Do a Google image search. B. Save the image to
    8·1 answer
  • Alex is a member of Government Accounting Standard Body (GASB). This accounting body is not a government entity. GASB has been f
    15·1 answer
  • A business plan is a document describing the start-up costs and operating expenses of a new business. Please select the best ans
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!