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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.

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An investment banker agrees to a firm commitment offering of two million shares of Ace stock. The offer price is set at $55 and
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Answer:

loss of $ 1,400,000.00

Explanation:

Amount of share : two million:

offer price per share: $55

selling price per share: $53.80

Loss per share: $1.20

Total loss= $1.2X2,000,000= ($2,400.000.00)

Earning from spread: 0.5x2,000,000.00 =$1,000.000.00

Net earning: (2,400,000.00)+$1,000,000.00=($ 1,400,000.00)

loss of $ 1,400,000.00

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3 years ago
Career prep b final exam / post test
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3 years ago
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The key source of the development requests likely to be generated to  Information system managers. Therefore the correct option is (D).

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According to the above scenario, The system development team is focusing on the adopting the operating environment system which is adopted by the Information system managers

Therefore the correct option is (D).

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8 0
1 year ago
The price of a stock today is $100. next year, the stock price will be either $120 or $90. the risk-free rate is 3% per year. wh
fredd [130]
A. The put option price is $4.00
5 0
3 years ago
A stock has a beta of 0.9 and an expected return of 9 percent. A risk-free asset currently earns 4 percent. a. What is the expec
egoroff_w [7]

Answer:

6.5%

Explanation:

Data given in the question

Beta of the stock = 0.9

Expected return = 9%

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By considering the above information, the expected return on a portfolio is

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= 4% × 50% + 9% × 50%

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Since we have to find out the expected return on equally invested so we considered the risk free asset and the expected rate of return

Therefore we ignored the beta of the stock

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3 years ago
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