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
docker41 [41]
3 years ago
8

Alin Co. purchases a building for $300,000 and pays an additional $30,000 for closing costs (brokerage, title, attorney fees). A

lin also pays $20,000 in renovations, including painting, carpet, lighting, etc. Alin should record the cost of the building at:
Business
1 answer:
Yuri [45]3 years ago
3 0

Answer:

The answer is: $350,000

Explanation:

When Alin Co. establishes the total cost of the building it just purchased, it must include all of the following:

  • building's purchase value $300,000
  • associated closing costs $30,000
  • building improvements and renovations $20,000

So the total cost of the building is $300,000 + $30,000 + $20,000 = $350,000

You might be interested in
Integrating management theories (Lead)
pantera1 [17]

Answer:

Identifying each Management Strategy with a Management Theory:

Management Strategies:                               Management Strategy

1. You measure sales over time and          4. Contingency Theory

realize that the months of July, August,

and September are particularly slow.

As a result, you ask two of your sales

clerks if they would be willing to work

part-time during those months.                    

2. You make sure that when you hire new  3. Management Science

people, you get input from each of the

existing team members. If they are happy

with the new hire, they are more likely to

make that person part of the team, and

the team will sell more.                                  

3. You notice that when customers have too    2. Humanistic

many choices, they are less likely to make            Management Theory

a decision about what to buy, so you tell all

of your employees to bring out only three

things at one time. In addition, you start to

pay your employees a commission for

every item that they sell.            

4. A customer survey shows that the men who    1. Classical Management

come into the store would prefer to be left alone    Theory

while they shop, but the women who come into

the store want to be asked if they need assistance.

You tell your employees to leave men alone  

and ask women if they want help.

Explanation:

Management Theories:

1. Classical Management Theory concentrates on specialization of labor, centralized leadership and decision-making, and profit maximization.

2. Humanistic Management Theory is a people-based management that seeks profits for human ends and not for the sake of profit as an end in itself.

3. Management Science concentrates on  problem solving and decision making in human organizations.

4. Contingency Theory is a situational management practice without set rules, but depends on the prevailing moment.

8 0
3 years ago
Larceny is easier to detect than skimming because:
IgorC [24]

The reason that Larceny is easier to detect that skimming because this is associated with having to steal the cash only after that it has been recorded by the accounting system of the company in which makes it easier to detect unlike skimming. The answer is letter b.

3 0
3 years ago
Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance re
juin [17]

Answer:

D. $193,750

Explanation:

Calculation for the wages and salaries in the flexible budget for July

FLEXIBLE BUDGET FOR JULY

Using this formula

Flexible budget= Wages and salaries Cost formula per month+Actual activity press runs*Wages and salaries per press runs+Actual activity book set-ups*Wages and salaries book set-up

Let plug in the formula

Flexible budget=$8,850+201*400+110*950

Flexible budget=$193,750

Therefore the wages and salaries in the flexible budget for July would be closest to $193,750

7 0
3 years ago
As the Chief Marketing Office (CMO) for a $100 million product company you need to lead the development of marketing plan for th
sveta [45]

Answer:

b

Explanation:

describe the elements of a strategic marketing plan

8 0
3 years ago
When a firm's customers make investments in order to use its particular product or service, the customers incur which type of co
vladimir1956 [14]

When a firm's customers make investments in order to use its particular product or service, the customers incur switching costs if they purchase another firm's products or services instead. Therefore, the option B holds true.

<h3>What is the significance of switching costs?</h3>

The switching costs can be referred to or considered as the costs incurred by the customers of a product or a service when they use the alternatives or the competitive products available in the market, instead of the product they were using earlier.

Therefore, the option B holds true and states regarding the significance of the switching costs.

Learn more about switching costs here:

brainly.com/question/14728758

#SPJ1

When a firm's customers make investments in order to use its particular product or service, the customers incur which type of costs if they purchase another firm's products or services instead?

A. Acquisition costs

B. Switching costs

C. Alternative costs

D. Replacement costs

4 0
1 year ago
Other questions:
  • Political behavior within an organization may include all of the following EXCEPT ________________.
    14·1 answer
  • Dave's boss told him that he doesn't have to attend the company picnic (which everybody dislikes) if dave meets his sales quota
    14·1 answer
  • W2 Corp. needs capital to finance a new product line. It borrows money in the form of long-term bonds underwritten by an investm
    12·1 answer
  • Borrowers tend to prefer ________ to ________, whereas lenders prefer ________. arms; fixed-rate loans; fixed-rate loans fixed-r
    7·1 answer
  • A firm is evaluating an investment proposal which has an initial investment of $5,000 and cash flows presently valued at $4,000.
    13·1 answer
  • The table shows a schedule of Igor's payment plan for a used car.
    9·1 answer
  • A. Explain why utilitarians might argue that both justice and well-being are intrinsically valuable.
    10·1 answer
  • On January 1, 2021, Green Co. recorded a right-of-use asset of $139,900 in an operating lease. The lease calls for ten annual pa
    15·1 answer
  • The capital budget forecast for the Santano Company is $725,000. The CFO wants to maintain a target capital structure of 45% deb
    11·1 answer
  • A very useful guide for making investment decisions is: The shorter the payback period, the more profitable the project. Group s
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!