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
Stella [2.4K]
3 years ago
9

Red Rock Bakery purchases land, building, and equipment for a single purchase price of $260,000. However, the estimated fair val

ues of the land, building, and equipment are $126,000, $198,000, and $36,000, respectively, for a total estimated fair value of $360,000. Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment.
Business
1 answer:
telo118 [61]3 years ago
4 0

Answer:

Land ($91,000), building ($143,000) and equipment ($26,000)

Explanation:

We can allocate the fair values as follows:

Particulars          Fair value          Allocated amount

                               (a)                 (b) = (a)/Total*$260,000

Land                    $126,000                 $91,000

Building                 198,000                 143,000

Equipment              36,000                  26,000

Total                   $360,000              $260,000

The amount that the company would record for the individual asset is as provided above.

You might be interested in
Breakeven and leverage wingler communications corporation (wcc) produces premium stereo headphones that sell for $28 80 per set,
elena-14-01-66 [18.8K]
<span>Answer: At what unit sales level would WCC have the same EPS, assuming it undertakes the investment and finances it with debt or with stock? {Hint: V = variable cost per unit = $8,160,000/440,000, and EPS = [(PQ - VQ - F - I)(1 - T)]/N. Set EPSStock = EPSDebt and solve for Q.} Round your answer to the nearest whole. units At what unit sales level would EPS = 0 under the three production/financing setups - that is, under the old plan, the new plan with debt financing, and the new plan with stock financing? (Hint: Note that VOld = $10,200,000/440,000, and use the hints for Part b, setting the EPS equation equal to zero.) Round your answers to the nearest whole. Old plan units New plan with debt financing units New plan with stock financing units On the basis of the analysis in parts a through c, and given that operating leverage is lower under the new setup, which plan is the riskiest, which has the highest expected EPS, and which would you recommend? Assume here that there is a fairly high probability of sales falling as low as 250,000 units, and determine EPSDebt and EPSStock at that sales level to help assess the riskiness of the two financing plans. Round your answers to two decimal places. EPSDebt = $ EPSStock = $</span>
8 0
3 years ago
Suppose you want to be elected as a mayor in your locality. Prepare a written speech for presenting it before your voters in 250
Montano1993 [528]

Answer:

The mayor is very important . They provide us with safety , essentials , affordable housing and more . They even make sure all of our water is clean , and make sure trash collection and sewage is being handled properly .

Previous mayors did a good job , but there are some things I will do differently . If I will mayor I will make Redmond a better place . I will improve the city’s health , and improve our lifestyles . Not only that but , I will improve fitness , enforce the laws , and focus on education .

The first thing I will do if I will mayor will be to improve police forces . There are too many people smoking pot underage . I know many kids under 21 that smoke pot illegally . There are also people who just break the laws of the city constantly , and don’t obey the city’s rules .

If I will mayor I will make more police stations , and have officers roam neighbourhoods . One benefit from this is that the city and the stations can work together and get people on probation to help clean up the city . There is a lot of litter across the city . In general this will improve Redmond’s safety , cleanliness and make people follow the law . It will make people think twice before doing something , knowing that the laws are serious business and are everywhere.

This will also improve people neighborhood so during the day and during the night . Not only will this improve safety , and enforce the law , but it will also provide jobs for up and coming police officers . The next thing I will do as mayor will be to start construction on a new gym .

This gym will include a full size basketball court / gym , yoga and dance lessons , cardio machines , weights , and weight machines . I will do this because we currently only have a half court basketball gym.

This will be fine , but there are always yoga and dance classes going on . This means you can only go for an hour or two before getting kicked out . Then if you try to use an outside court it will always be windy , which affects your shot . The outside courts also have double rims which also messes with your shots . Then , all our gyms are too small and crowded .

There are always some people getting left out and not being able to do what they want to do . I will pay for this by public funds and taxes . The gym will pay for itself eventually , due to people paying memberships to workout there we could even hold basketball tournaments there which bring in a lot of revenue . We could summer basketball leagues to get teens out of the house and to make money .

___________________________________

<h3>Please mark me as Brainlist</h3>
5 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity.
SpyIntel [72]

Answer: $4,642.37

The price of the bond is $4,642.37

Explanation:

Using the price of bond formula :

C × 1 - (1+r) *-n / r. + F / (1+r)*n

C = coupon rate = 2.9% of 10,000

= $290

n = 24years...... years to maturity

F = $10,000...... Face value/par value

r = yield to maturity = 3.4% = 0.034

Price of bond =

290 × 1–(1+0.034)*-24 /0.034

+ 10,000 / (1.034)*24

290× 1 - (1.034)*-24 / 0.034

+ 10,000 / (1.034)*24

290 × (1 - 0.448236347)

+ 4,482.36347

160.011459 + 4,482.36347

Price = $4,642.37 as the price of bond.

5 0
4 years ago
Read 2 more answers
Apex corporation surveys its consumers to determine how they view the similarities and dissimilarities among relevant product at
Citrus2011 [14]

The survey done by Apex Corporation on its consumers to find out how they view the similarities and dissimilarities among relevant product attributes for a set of competing brands is an example of PRODUCT POSITIONING RESEARCH. The main aim of a Product Positioning Research is to understand the position of a product or a brand in comparison to a competing product or brand.

6 0
4 years ago
How do economists calculate GDP for one year using the expenditure approach?
never [62]

The expenditure method is the most widely used approach for estimating GDP, which is a measure of the economy's output produced within a country's borders irrespective of who owns the means to production. The GDP under this method is calculated by summing up all of the expenditures made on final goods and services.

3 0
4 years ago
Other questions:
  • What is the sky i mean you look at it every day what is it made out of?
    11·1 answer
  • Which type of franchising involves a franchisor licensing a franchisee to sell specific products under the​ franchisor's brand n
    13·1 answer
  • Retained earnings, $400,000 Treasury stock—common, $20,000 Paid-in capital in excess of par value—common, $55,000 Treasury stock
    15·1 answer
  • Alexi Co. issued $2.50 million face amount of 8%, 10-year bonds on June 1, 2019. The bonds pay interest on an annual basis on Ma
    7·1 answer
  • Tara is using Search Audiences to reach her most valuable customers. Which direct benefit might she obtain by using Search Audie
    10·1 answer
  • You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares at a pri
    9·1 answer
  • Catherine is preparing to release a new line of toys that’s currently available for pre-order only on the landing page. Why is C
    9·1 answer
  • Why is a performance management system superior to a performance measurement system? because performance measurement systems are
    15·1 answer
  • a. Cash production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which the
    14·1 answer
  • Which is not a consideration when allocating assets and diversifying? A. Real estate holdings B. Avoiding similar investments C.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!