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Semenov [28]
4 years ago
9

For each of the following​ companies, specify whether each company would be more likely to use job costing or process costing. a

. Janitorial services company ▼ Job costing Process costing b. Soup manufacturer ▼ Job costing Process costing c. Commercial plumbing contractor ▼ Job costing Process costing d. Toothpaste manufacturer ▼ Job costing Process costing e. Catering service
Business
1 answer:
Oduvanchick [21]4 years ago
7 0

Answer: For each of the following​ companies, each company would be more likely to use:

a. Janitorial services company - <u>Job costing.</u>

b. Soup manufacturer - <u>Process costing.</u>

c. Commercial plumbing contractor - <u>Job costing.</u>

d. Toothpaste manufacturer - <u>Process costing.</u>

e. Catering service - <u>Job costing.</u>

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A property that produces a first year NOI of $80,000 is purchased for $750,000. The NOI is expected stay constant through year 5
PIT_PIT [208]

Answer: $115998

Explanation:

Based on the information given, we can calculate the NOI from the 6th year which will be:

= $80,000 × (100% + 15%)

= $80,000 × 115%

= $80,000 × 1.15

= $92,000

Therefore, the net present value of the property based on the 10-year holding period and a discount rate of 9.5% will be:

= 80000(PVAF, 5 year) + 92000[PVAF,(10-5),9.5%] + 830000/(1.095)10-750000

= (80000 × 3.839) + (92000 × 2.439) + (830000 × 0.403) - 750000

= 307120 + 224388 + 334490 - 750000

= 865998 - 750000

= $115998

Therefore, the net present value is $115998

4 0
3 years ago
Barry was sitting on a bench near the center of the shopping mall waiting for his wife to finish her shopping when he was approa
MA_775_DIABLO [31]

Answer: Mall intercept

Explanation:

From the question, we are informed that Barry was sitting on a bench near the center of the shopping mall waiting for his wife to finish her shopping when he was approached by a woman holding a clipboard with a dress shirt laid over her arm and asking him question related to the shirt.

Based on the above scenario, Barry participated in a mall intercept. Mall intercept simply refers to a situation whereby people are approached at shopping malls and asked questions in form of surveys which are done by researchers in order to gather information regarding a particular subject area.

8 0
3 years ago
Casey transfers property with a tax basis of $2,000 and a fair market value of $5,000 to a corporation in exchange for stock wit
pochemuha

Answer:

B. $4,700

Explanation:

Calculation for the amount realized by Casey in the exchange

Using this formula

Amount realized in the exchange=Fair market value+ Qualifies deferral transaction+Property transferred Liability-Incurred selling expenses

Let plug in the formula

Amount realized in the exchange=$4,000 +$400 +$600 - $300

Amount realized in the exchange=$4,700

Therefore the amount realized by Casey in the exchange will be $4,700

7 0
3 years ago
As the manager of a successful accounting firm, you know that from January to April, your employees often feel great amounts of
Vadim26 [7]

Answer:

Talk to him or give him a holiday for the rest of the day

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3 years ago
A company purchased property for a building site. The costs associated with the property were: Purchase price $ 184,000 Real est
Lelu [443]

Answer: The portion of these costs that will be allocated to the cost of the land is $206,400 and the portion that should be allocated to the cost of the new building is 0.

Explanation:

The following information can be gotten from the question:

Purchase price = $184,000

Real estate commissions = $15,900

Legal fees = $1,700

Expenses of clearing the land = $2,900

Expenses to remove old building = $1,900

Therefore, the portion of these costs should be allocated to the cost of the land will be:

= $184,000 + $15,900 + $1,700 + $2,900 + $1,900

= $206,400

It should also be noted that building cost will be 0.

8 0
3 years ago
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