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
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

You might be interested in
Knight Company reports the following costs and expenses in May. Factory utilities $16,120 Direct labor $69,685 Depreciation on f
GarryVolchara [31]

Answer:

a. $180,850

b. $390,269

c. $74,837

Explanation:

a. The computation of the manufacturing overhead is shown below:

= Factory utilities  + Depreciation on factory equipment + Property taxes on factory building  + Indirect factory labor  + Indirect materials + Factory repairs+ Factory manager salary

=  $16,120  + $13,703 + $2,894 + $52,814 + $83,926 + $3,044  + $8,349

= $180,850

b. The computation of the product cost is shown below:

= Direct materials used + Direct labor +  manufacturing overhead

= $139,734 + $69,685 + $180,850

= $390,269

c. The computation of the period cost is shown below:

= Sales salaries + Depreciation on delivery trucks + Repairs to office equipment +  Advertising + Office supplies used

= $49,631 + $4,044 + $2,185 + $15,670 + $3,307

= $74,837

7 0
3 years ago
When entrepreneurs bring a new product to market or use a new production method, they are?
Tamiku [17]
Entrepreneurs are people who design, launch and run new businesses that are initially small with an aim of making profit. When entrepreneurs are bringing a new business or a new production method to the market they are innovating. Innovation is the process of implementing new idea or method of production in a business to create or increase value of a organization.
6 0
3 years ago
How did speculative investing weaken the stability of the stock market?
tiny-mole [99]
<span>Heavy speculation is a bad idea in any market since it has a tendency to inflate prices to unrealistic levels. That is basically what many investors prior to the Great Depression did when they thought the market would keep going higher and higher. They borrowed money, sold their houses, etc.. to buy into the stock market thanks to that kind of speculation without even considering the underlying reasons for why the market is there in the first place.</span>
7 0
3 years ago
PLEASE HELP----- Explain how the three groups (laborers, businesses, and government) are connected in regard to unemployment. Ho
alex41 [277]
<span>When laborers are out of work, then they can't as often to buy product from business, which in turn the business loose money have to lay their laborers off,which creates a vicious cycle.Then at times the government will come up with their programs to help the business and try to keep the economy going.</span><span />
7 0
3 years ago
Read 2 more answers
A private university is made up of various "schools," such as the School of Journalism, the School of Business, the School of La
Oxana [17]

Answer:

The correct answer is D

Explanation:

SBU stands for Strategic business unit , it is a profit center whose focus is on the product offering and the market segment. It is usually have a marketing plan which is discrete, marketing campaign and analysis of competition, though it is a part of larger business entity.

So, the private university facing financial problems, they decided to become a profit center. Therefore, this scheme is parallel to SBU which is Strategic business unit.

6 0
3 years ago
Other questions:
  • Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month?
    11·1 answer
  • 25-Which of the following is the BEST indicator of the economic​ well-being of the average​ citizen?
    8·2 answers
  • ​The production team of a company that manufactures cricket balls has determined the quantity of leather, threads, labor, and el
    8·1 answer
  • A company is considering replacing its air conditioner. Management has narrowed the choices to alternatives that offer comparabl
    15·1 answer
  • A website that sells wedding dresses targets ads to (1) women (2) ages 22 to 35 (3) actively searching for a wedding dress (4) w
    9·2 answers
  • Risers Inc. reported total assets of $3,200,000 and net income of $255,000 for the current year. Risers determined that inventor
    15·1 answer
  • Find an article regarding full disclosure or the treatment of accounting changes. In 250-300 words, summarize the article that y
    14·1 answer
  • Suppose the Alaskan king crab harvest is unregulated and any person with a crab boat and some diesel fuel can go offshore, lower
    14·1 answer
  • what is the role of advertising in increasing and decreasing economic well being, by giving examples from pakistani market, expl
    9·1 answer
  • When the economy is growing and people are optimistic, the economy is in a period of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!