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Oksanka [162]
3 years ago
15

Riverboat Adventures pays $120,000 plus $20,000 in closing costs to buy out a competitor. The real estate consists of land appra

ised at $22,100, a building appraised at $66,300, and paddle boats appraised at $81,600. Compute the cost that should be allocated to the building.
Business
1 answer:
suter [353]3 years ago
4 0

Answer:

$54,600

Explanation:

The computation of the cost that should be allocated to the building is shown below

Total purchase cost is

= $120,000 + $20,000

= $140,000

Total appraisal value is

= $22,100 + $66,300 + $81,600

= $170,000

Now cost allocated to building is

= Purchase cost × building appraisal value ÷ Total appraisal value

= $140,000 × $66,300 ÷ $170,000

= $54,600

We simply applied the above formula

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Pompeii, Inc., has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense of $1,700. If the ta
ycow [4]

Answer:

The net operating cashflows are 18,876 dollars.

Explanation:

Operating cashflows are cashflows which an entity generates from it core operations. In other words cash flow related to investment and finance activities do not form part of an entity operaing cashflows.

So in this example interest will not be part of operating cashflows.

For more details please refer to below given calculations.

OCF

Sales       46,200

Cost         (23,100)

Tax            (4,224) (W-1)

OCF          18,876

(W-1)  Calculating profit to find tax paid

(46,200-23,100-2,200-1,700)*22%

5 0
3 years ago
An investment company registered under the investment company act of 1940, whose specific purpose is to aid in the promotion and
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An investment company registered under the investment company act of 1940, whose specific purpose is to aid in the promotion and development of small businesses, is a business development company.

What is investment?

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According to the company are the registered to the company act of 1940, the business development of the company are the specific purposes of the promotion and the development of the small business.

As a result, the business development company is the company act of 1940.

Learn more about on investment, here:

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5 0
1 year ago
Which industry most spurred economic growth and innovation in related industries?
Tatiana [17]

The actual correct answer is A railroads

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3 years ago
Read 2 more answers
Critically discuss the economic importance of the secondary sector to the south African economy.​
LuckyWell [14K]

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Which of the following statements regarding conducting marketing research in a foreign country is​ correct? A. Good secondary da
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