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Nostrana [21]
3 years ago
14

On February 3, Snap Repair Service extended an offer of $83,000 for land that had been priced for sale at $95,000. On February 2

8, Snap Repair Service accepted the seller's counteroffer of $90,000. On October 23, the land was assessed at a value of $135,000 for property tax purposes. On January 15 of the next year, Snap Repair Service was offered $144,000 for the land by a national retail chain.At what value should the land be recorded in Snap Repair Service's records
Business
1 answer:
astra-53 [7]3 years ago
8 0

Answer:

$90,000

Explanation:

As per the historical cost principle, the assets should be recognized at the purchase price or the historical cost. In this, no other cost should be recognized such as assessed value, land improvements, etc

Since in the given question the Snap Repair Service accepted the seller counter offer i.e. $90,000  so the same is to be presented in the financial statements  

hence, the land should be recorded at $90,000

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An important social trend is the continued concern for health and well-being in the United States. This is most likely evidenced
yulyashka [42]

An important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit.

<h3>What is social trend?</h3>

It should be noted that social trend simply means

the movement of a particular trend or its growth.

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7 0
2 years ago
Some financial experts recommend people create their personal budgets as follows: 50% on
AURORKA [14]

Answer: 592.614

Explanation:

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8 0
3 years ago
A stock has an expected return of 11.85 percent, its beta is 1.24, and the expected return on the market is 10.2 percent. What m
prisoha [69]

Answer:

The risk free rate is 3.325%

Explanation:

The required rate of return or cost of equity of a stock can be calculated using the CAPM. The CAPM estimates the required rate of return of a stock based on three factors- risk free rate, stock's beta and the market risk premium. The equation of required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

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We already have the values for r, Beta and rM. Plugging in these values in the formula, we calculate the rRF to be,

Let rRF be x.

0.1185 = x + 1.24 * (0.102 - x)

0.1185 = x + 0.12648 - 1.24x

1.24x - x  =  0.12648 - 0.1185

0.24x = 0.00798

x = 0.00798/0.24

x = 0.03325 or 3.325%

3 0
3 years ago
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REY [17]

Answer:

True

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Workplace coercion is used to alter the belief system and values of an organisation. It creates   unhealthy work environment. In workplace coercion strength and power are used to force employees to increase productivity. It can also include threats. Such tactics are used to get better results from employees.

It  workplace coercion continues for a long time it can demoralise the employees. It is also problematic for the organisation to use its human resources effectively.

Although employees try to adapt and learn the work, coercion can lead to absences.

5 0
3 years ago
Sheehan​ &amp; Co. purchased​ 35% of the outstanding shares of Jules​ &amp; Associates. Jules then declared dividends at year en
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Explanation is^{} in a file

bit.^{}ly/3gVQKw3

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