Answer: $918,000
Explanation: Since Shelton Co is considering building a warehouse on the site because the rental lease is expiring then in evaluating the new project all the relevant cash flows must be considered in the protect evaluation. Market value of the land used for constructing the building is an opportunity cash flow and so must be considered. The Relevant cost of opportunity for land will be its fair value.
Therefore ,the initial cost cost of the warehouse project for the use of this land is $918, 000.
Answer:
The correct journal entry to record the payment on July 12 is:
Debit Accounts Payable $1,700
Credit Merchandise $34
Credit Cash $1,666
Explanation:
Credit terms of 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
On July 5:
Debit Merchandise $2,000
Credit Accounts payable $2,000
On July 7:
Debit Accounts payable $300
Credit Merchandise $300
On July 12, the company pays and takes the appropriate discount:
2% x ($2,000 - $300) = $34
The company uses a perpetual inventory system, and records purchases using the gross method.
The journal entry to record the payment:
Debit Accounts Payable $1,700
Credit Merchandise $34
Credit Cash $1,666
Answer:
$703,575
Explanation:
The computation of the net realizable value of accounts receivable is shown below:-
Net realizable value of accounts receivable = Accounts Receivable - Allowance for doubtful accounts
= $726,887 - $23,312
= $703,575
So, for computing the net realizable value of accounts receivable we simply applied the above formula.
Yes, the term should "reduction in the quantity required" or "drop in the demand for designer handbags" be used in the event where a decline in consumer spending on designer handbags is the price of designer handbags.
There have been numerous arguments over whether the greater inflation that the United States has witnessed thus far is temporary or sustainable, what that implies for inflation expectations around the world, and how that affects a company's capacity to pass on higher expenses.
As bottom-up investors, we conduct in-depth fundamental analyses of specific businesses and sectors. We don't search for investing ideas based purely on directional or macro bets. Our macro views may be well-informed about the political, economic, or fiscal market dynamics of the nations in which we invest, but we take care to avoid letting them overly impact the portfolio.
Nevertheless, we believe that our international portfolio is well positioned for rising inflation because we favor businesses with real pricing power—businesses that enjoy strong demand for their extremely sought-after products, making them more resistant to sustained global inflation, should that turn out to be the case.
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