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Helen [10]
3 years ago
14

Equipment with an estimated market value of $55,000 is offered for sale at $75,000. The equipment is acquired for $20,000 in cas

h and a note payable of $40,000 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is ________.
Business
1 answer:
baherus [9]3 years ago
8 0

Answer:

The amount used in the buyer's accounting records to record this acquisition is $60,000.

Explanation:

Amount in the buyer's accounting records to record this acquisition = Cash paid + Note payable

= $20,000 + $40,000

= $60,000

Therefore, The amount used in the buyer's accounting records to record this acquisition is $60,000.

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Why might the director of Moving Windmills have wanted to share William Kamkwamba’s story through film rather than though writin
MaRussiya [10]

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The best reason is that; He wants the audience to feel William Kamkwamba is speaking directly to them.

Explanation:

5 0
2 years ago
Read 2 more answers
Mofro's Computer Repair Shop started the year with total assets of $300,000 and total liabilities of $200,000. During the year,
azamat

Answer:

The change in stockholders' equity was of 150.000

Explanation:

With the amount of sales and expenses of the year, the company had a profit of 200.000, if it pay dividends by 50.000, it means that the company  retained earnings for 150.000, this is the change in the equity of the company and keep in cash in the total assets.

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The following details relate to the main process of W Limited, a chemical manufacturer: Opening work in progress ............200
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3 0
2 years ago
ABC Company produces Product X, Product Y, and Product Z. All three products require processing on specialized finishing machine
maria [59]

Answer:

400; 800

Explanation:

Contribution:

Product X:

= Selling price - Variable cost

= 100 - 70

= 30,

Product Y:

= Selling price - Variable cost

= 80 - 40

= 40,

Product Z:

= Selling price - Variable cost

= 25 - 20

= 5

Machine hours required :

Product X:

= Machine time per unit × Monthly demand

= 3 ×  300

= 900,

Product Y:

= Machine time per unit × Monthly demand

= 2 × 200

= 400,

Product Z:

= Machine time per unit × Monthly demand

= 1 × 500

= 500

Contribution per machine hour:

Product X = Contribution ÷ Machine time per unit

                 = 30 ÷ 3

                 = 10,

Product Y = Contribution ÷ Machine time per unit

                 = 40 ÷ 2

                 = 20,

Product Z = Contribution ÷ Machine time per unit

                = 5 ÷ 1

                = 5

It is highest for Y, so produce maximum amount of Y, then X and then Z

Y needs 400 hrs, we are left with 800 hours, so produce 800 hours of X.

3 0
3 years ago
PIRs (planned independent requirements) are calculated based on actual and forecasted sales.a) trueb) false
DochEvi [55]

Answer:

A. True

Explanation:

Option A is correct because PIRs (planned independent requirements) are calculated based on actual and forecasted sales.

In PIR, the independent requirement for final goods is calculated by the sales and the activities /operation for material planning process.

4 0
3 years ago
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