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Shalnov [3]
3 years ago
10

Frost Enterprises buys a warehouse for $ 510,000 to use for its East Coast distribution operations. On the date of the​ purchase

, a professional appraisal shows a value of $ 610,000 for the warehouse. The seller had originally purchased the building for $ 485,000. Frost has a similar warehouse on the West Coast that has a book value of $ 526,000. Under the historical cost​ principle, Frost should record the building for:_______.A. $580,000.B. $630,000.C. $594,000.D. $525,000.
Business
1 answer:
12345 [234]3 years ago
6 0

Answer:

$510,000.00

Explanation:

Since the historical cost principle states that business must account and record most assets at their purchase or acquisition price which means the data put into record on the balance sheet would reflect amount paid for asset.

That is why it is $510000.

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Beloved Baby Company manufactures and sells children's strollers. Each stroller requires eight screws. For September, Beloved Ba
ololo11 [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Each stroller requires eight screws. For September, Beloved Baby Company will begin September with 380 screws in its beginning inventory, and budgets ending inventory to be 210. Beloved Baby Company has budgeted stroller sales of 530 strollers, while 570 strollers are scheduled to be produced

Production= 570*8= 4560

Ending inventory= 210

Beginning inventory= 380 (-)

Total= 4,390

8 0
2 years ago
Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company p
Alchen [17]

Answer:

$30 Favorable

Explanation:

Calculation for the activity variance for supplies cost in March

Using this formula

Activity variance = (Actual units - Budgeted units) * Variable cost

Where,

Actual units=856

Budgeted units=861

Variable cost=$6

Let plug in the formula

Activity variance=(856-861) * $6

Activity variance=5*$6

Activity variance=$30 Favorable

Therefore the activity variance for supplies cost in March would be closest to: $30 Favorable

8 0
3 years ago
Josh has decided to open a restaurant. he has determined that he will need to hire separate people to seat and serve​ customers,
lara [203]
<span>This is known as job specialization. Josh cannot do all of the work himself, so he hires others to perform specific tasks for him. He should hire people with specialized skillsets, so that they will be most suited to the jobs he needs them to perform, such as waiters for serving customers and chefs for preparing dishes.</span>
4 0
3 years ago
A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools
marishachu [46]

Answer:

Break-even point in dollars= $36,364

Explanation:

Giving the following information:

A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.

To calculate the break-even point in dollars for the firm, we need to use the following formula:

Break-even point (dollars)= Total fixed costs / [(weighted average selling price - weighted average variable expense)/ weighted average selling price]

weighted average selling price= (selling price* weighted sales participation)= $50

weighted average variable cost= (variable cost* weighted sales participation)

weighted average variable cost= (25*0.5 + 20*0.50)= $22.5

Break-even point in dollars= 20,000/ [(50 - 22.5)/ 50]= $36,364

4 0
3 years ago
Answer these questions picture above.<br><br>​
ExtremeBDS [4]

1 increasing audience

2 payment methods and or growing page

3 yes help others and myself

4 insta due to its growing capacity

7 0
2 years ago
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