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solniwko [45]
2 years ago
5

On June 25, Easy Repair Service extended an offer of $150,000 for land that had been priced for sale at $171,000. On July 9, Eas

y Repair Service accepted the seller's counteroffer of $163,000. On October 1, the land was assessed at a value of $245,000 for property tax purposes. On December 22, Easy Repair Service was offered $261,000 for the land by a national retail chain.At what value should the land be recorded in Easy Repair Service's records?
Business
1 answer:
Lelu [443]2 years ago
5 0

Answer:

$163,000

Explanation:

According to the historical cost principle, the value of the fixed assets should be recorded at purchase price or  acquired price or historical cost

Since it is given that the seller counter offer is $163,000 and the same is to be recorded in the company books of accounts.

If there is value assessed, or any increment in the value of the land so it would be ignored. It only records the purchase price of the land      

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In a bad news message the reasons for the decision
zmey [24]

Answer:

should be long and roundabout to cushion the negative aspects

if you are delivering bad news if it is directly affecting them they would most likely like to know why and if they can help this issue

Explanation:

mrk me brainliest please.

3 0
2 years ago
A deficit on the current account Multiple Choice means that a nation is making international transfers. has no relationship to t
Sliva [168]

Answer:

The correct option is C

Explanation:

The deficit or shortage on the current account of the country, is defined as the measurement or determination of the trade of the company where the goods and the service value, it imports exceeds or increase the value of the products it exports.

The current account of the country states the foreign transactions of the country within the time period.

So, when there is deficit or shortage on the current account, it means that usually, it will cause deficit in the finance as well as the capital account of the country.

4 0
3 years ago
Other things equal, an increase in productivity will Multiple Choice reduce aggregate supply and increase real output. reduce bo
leva [86]

Answer:

increase both aggregate supply and real output.

Explanation:

A rise in productivity makes it possible for each and every firm to rise the greater amount of output. due to this  aggregate supply will rise which will lead to increase in the real output.

Also the rise in productivity increase the aggregate supply and the AS curve would be shifted to right that rise the real output but reduce the level of the price in the new equilibrium output level

Therefore the above represent the answer  

6 0
3 years ago
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro
Ksivusya [100]

Answer:

Purchases (in pounds)= 92,550

Total cost= $16,936,650

Explanation:

Giving the following information:

Budgeted production:

2nd quarter= 248,000 units

3rd quarter= 60,500 units

Beginning inventory= 74,400 pounds

Each unit requires 0.60 pounds of raw material

Buying price= $183 per pound.

Desired ending inventory= 50% of next quarter’s budgeted materials.

To calculate the budgeted purchase of raw materials, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

Purchases (in pounds)= (248,000*0.6) + (60,500*0.6)*0.5 - 74,400

Purchases (in pounds)= 148,800 + 18,150 - 74,400

Purchases (in pounds)= 92,550

Total cost= 92,550*183= $16,936,650

4 0
3 years ago
A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to t
maria [59]

Answer:

b. bait pricing

Explanation:

Bait pricing strategy is one that is aimed at attracting customers by presenting a price that is lower than the actual value of a product. Usually the product is limited in quantity and when buyers come in they are convinced to buy something else.

This is considered an illegal means of marketing.

I'm the given instance when the customer got to the dealership the salesperson can't find that particular car on the lot, saying maybe it was sold this morning before he got in. The salesperson offers a higher-priced car.

This is bait pricing strategy.

3 0
3 years ago
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