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777dan777 [17]
3 years ago
7

Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to

remove an old building, and received $2,000 from the salvage of the old building. At what amount will the land be recorded in the accounting records
Business
1 answer:
neonofarm [45]3 years ago
6 0

Answer:

Amount recorded will be $95000

Explanation:

We have given that company purchased a land for $80000

Accrued taxes on the property = $12000

Incurred $5000 to remove an old building

And salvage value = $2000

We have to fond the amount for the land recorded in the accounting record

So the amount will be = $80000+$12000+$5000 -$2000 ( salvage value ) = $95000

So amount recorded will be $95000

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The financial statements of Bramble Manufacturing Company report net sales of $569500 and accounts receivable of $91000 and $430
alisha [4.7K]

Answer:

8.5

Explanation:

Account receivable turnover is calculated by dividing the net credit sales by the average of account receivable .

Net sales $569,000

Account receivable $91,000

Account receivable - $43000

Average account receivables = (91000+43000)/2= $67,000

Account receivable turnover = 569000/67000 =8.5

8 0
3 years ago
What should you do before you approach an ATM?
borishaifa [10]
Answer:
Make sure it is hidden so no one will see you withdraw money, and check for any suspicious people lurking nearby.

Explanation:
Doesn’t really need one, just make sure your money is safe.
6 0
3 years ago
Which of the following will not create minimum contacts in a state sufficient to find personal jurisdiction on an out-of-state d
Maurinko [17]

Answer: A company maintains a website that provides information about its products and that provides an address or number that a customer can contact to obtain an order form to purchase products directly from the company.

Explanation:

With different states having varying laws but yet still sharing a lot of business interests, it is important that the states know when they can have jurisdiction over a person.

Minimum contacts is the solution and is used to determine whether an entity has sufficient contacts in a state to warrant jurisdiction over them.

Simply having a website that can be accessed by people in a state does not fall under the provisions required for minimum contact to be met so the courts in this state cannot have personal jurisdiction over this company.

7 0
3 years ago
How are nuclear weapons distinguished from conventional weapons?.
Lyrx [107]

Answer:

This quantitative difference between nuclear and conventional weapons means that if nuclear weapons were used, they would alter key features of warfare—in particular, its duration, the targeting of noncombatants, and even the military relationship between winning and losing sides in a conflict.

Explanation:

6 0
2 years ago
Read 2 more answers
Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.
Orlov [11]
A. we know it is not c or d cuz they would not fit but a and b are our options the answer would be B IF he was a worker but in this case he makes his money from a profit and pays the workers (they earned it) so it is A
8 0
3 years ago
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