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
AVprozaik [17]
3 years ago
12

Suppose that a firm has purchased some land for $1,250,000 a year ago to develop a new outlet, and the land now would sell $2,00

0,000. They are now evaluating the outlet and that it would cost them $12,000,000 to build the outlet, $150,000 to purchase needed equipment, $15,000 to transport and install the equipment, and $500,000 in inventory ($250,000 coming from one of their warehouses). What would you estimate its initial investment outlay to be?
Business
1 answer:
scoray [572]3 years ago
8 0

Answer:

$13,915,000

Explanation:

Land-cost              $1,250,000

Construction cost $12,000,000

Equipment cost(150,000+15,000) $165,000

Inventory                          $500,000

Total initial investment outlay $13,915,000

Please note that fair value of land is irrelevant as the land was purchased for the outlet being set up and not for any other project.

You might be interested in
the dill family home has a replacement cost of 125000, and the carry 80000 worth of insurance. in the event of a 50000 loss due
olasank [31]

Answer:32000

Explanation:

(80000÷125000)*50000

8 0
3 years ago
you are the accounts receivable clerk for fast and friendly shipping . the friendly shipping the balance of the accounts receiva
MariettaO [177]

Answer:

Thats a lot of money

Explanation:

can I have some

4 0
3 years ago
Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note
Butoxors [25]

Answer:

cash       116,300 debit

    sales revenues          116,300 credit

-- to record sales in cash --

Cost of Goods Sold 72,000 debit

              Inventory                72,000 credit

-- COGS for the previous sales--

account receivable  755,000 debit

        sales revenues            755,000 credit

-- to record sales in cash --

Cost of Goods Sold    400,000 debit

              Inventory               400,000 credit

-- COGS for the previous sales--

account receivable  1,950,000 debit

        sales revenues            1,950,000 credit

-- to record sales in cash --

Cost of Goods Sold    1,250,000 debit

              Inventory               1,250,000 credit

-- COGS for the previous sales--

account receivable  330,000 debit

        sales revenues            330,000 credit

-- to record sales in cash --

Cost of Goods Sold    230,000 debit

              Inventory               230,000 credit

-- COGS for the previous sales--

Credit card expense 81,500 debit

         Cash                                 81,500 credit

--to record payment of fees to credit car--

Explanation:

We will recognize the sales revenue for the sales when they occur.

If was on cash we use cash else, account receivable

Then, we will decrease our inventory by the cost of the goods sold and declare this expense.

Finally, the fees will be considered an expense relatesd to the use of credit card.

3 0
3 years ago
Alex works for a technology company. He also writes articles for his local newspaper's Web site on a contract basis. Which forms
Vinil7 [7]
He should prepare his W-2 and 1099-Misc
3 0
3 years ago
The rate established at the beginning of a period that uses estimated overhead and an allocation factor such as estimated direct
Bumek [7]

Answer:

Predetermined overhead rate

Explanation:

The predetermined overhead rate is the rate that is computed by taking the estimated manufacturing overhead and the same would be divided by allocation factor that could be estimated direct labor, estimated direct hours, etc in order to assign the overhead cost

So according to the given situation, the first option is correct i.e. predetermined overhead rate

5 0
3 years ago
Other questions:
  • If bank a borrows from bank b, reserves in the banking system __________. if bank a borrows from the fed, reserves in the bankin
    8·1 answer
  • Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firm operates 12 hours per day, five days per week
    9·1 answer
  • Managers transform a portion of organizational resources into appropriate organization member behavior mainly by performing acti
    11·1 answer
  • Personal selling fits into the marketing mix as part of a firm's product strategy. Group of answer choices True False
    10·1 answer
  • What was the main goal of the Farmers’ Alliance?
    10·1 answer
  • Given the pay rate, hours worked, tax deductions, and social security deduction, determine the gross earnings, group health insu
    10·1 answer
  • When troubleshooting for connectivity issues, why would is it important to check the physical conditions of the network before r
    9·2 answers
  • Loudon Company has the following unit costs: direct materials $6, direct labor $3, variable overhead $2, fixed overhead $1. Unde
    13·1 answer
  • West Co. recorded the following inventory information during the month of February:
    13·1 answer
  • ________ is a process that spans all organizational business processes and applications, and provides companies with the ability
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!