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Crazy boy [7]
3 years ago
12

Isis and Kelsey are forming a partnership. Isis will invest a piece of equipment with a book value of $7,500 and a fair market v

alue of $18,000. Kelsey will invest a building with a book value of $40,000 and a fair market value of $44,000.
Required:
a. What amount will be recorded to Isis's capital account?
Business
2 answers:
asambeis [7]3 years ago
8 0

Answer:

$18,000

Explanation:

The amount that should be recorded to Isis's capital account is the fair market value of the assets acquired by her, regardless of the book value. Since Isis bought a piece of equipment with a fair market value of $18,000, and that is her only known contribution in the partnership, the amount that should be recorded to Isis's capital account is $18,000.

WITCHER [35]3 years ago
6 0

Answer:

$18000 will be recorded to Isis's capital account.

Explanation:

Although Isis's book value is $7500, but Isis's contribution will be considered at fair market value which is $18000.

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Todd haitz is the marketing manager for the national basketball association. todd analyzes and tracks his marketing campaigns to
Firlakuza [10]

Answer:

c. marketing campaign roi

Explanation:

KPI stands for Key Performance Indicator, which means the way you are going to measure success or failure of something. ROI means return on investment. Since Todd is measuring how much ticket sales increase <em>compared to</em> how much he spends on ads, the KPI for this campaign is the return on investment.

6 0
3 years ago
In order to present an accurate picture of the financial health of his company, Bob reported all of the expenses that had been i
Flura [38]

Answer:

a.) matching

Explanation:

Matching principle is the accounting principle in which the expenses incurred should be recorded at the same period when the revenues are earned. Also the business incurred the expenses in order to earn the revenues

So as per the given situation since Bob recognized the expenses but it is not paid so here he is using the matching principle

Therefore the option a is correct

8 0
2 years ago
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400.
diamong [38]

Answer:the machine’s second-year depreciation and year end book value under the straight-line method is $3,990 and$40,420 respectively.

Explanation:

Straight line depreciation is calculated as

Depreciation= Initial value – salvage value / useful life

Depreciation=($48,400- $9,000)/10=$3,990

The depreciation expense each year would be $3990

Book value = Cost of asset- accumulated deprecation

Book value = Cost of asset - (2 years x depreciation)

=  $48,400- (2 x $3,990)

= $40,420

Therefore, the machine’s second-year depreciation and year end book value under the straight-line method is $3,990 and$40,420 respectively.

3 0
2 years ago
One of the most important applications of ratio analysis is to compare a company's performance with that of other players in the
wlad13 [49]

Answer: a. percentage change analysis.

B. Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38.

D. A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors

Explanation:

1. The analysis which has to do with the calculation of the growth rates of all items from balance sheet and the income statement which is relative to a base year is referred to as the percentage change analysis.

2. The statements that can be included in the analysis report from the question include:

• Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38

• A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors.

4 0
2 years ago
TCBW last year had an average collection period (days sales outstanding) of 33 days based on accounts receivable of $350,000. Al
sergeinik [125]

Answer:

$296,969.70

Explanation:

Days of sales outstanding = number of days in a period / receivables turnover

Receivables turnover = revenue / average receivables

33 = 365 / receivables turnover

receivables turnover = 11.060606

11.060606 = revenue / $350,000

revenue = $3,871,212.12

with the new policy and same revenue :

28 = 365  / receivables turnover

receivables turnover = 13.035714

13.035714 = $3,871,212.12 / average receivables

= $296,969.70

7 0
3 years ago
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