3 years ago

Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000.

Business

1 answer:

seropon [69]3 years ago

4 0

Answer:

the correct answer is B

Explanation:

building 1,200,000/ Land 720,000 / Fixtures 480,000

You might be interested in

A loan that is less risky for a lender and is associated with a valuable asset is called a(n) . Rayna needs to get a new set of

eimsori [14]

1. secured
2.unsecured loan
3.secured loan

4 0

3 years ago

Read 2 more answers

Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished

puteri [66]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Refurbishing materials:

Variable cost= $600

Fixed costs= $18,800

Estimated cost= 600*35 + 18,800= $39,800

Actual cost= 600*32 + 18,800= $38,000

Refurbishing activity variance= Estimated - actual cost

Refurbishing activity variance= 39,800 - 38,000= 1,800 favorable

5 0

3 years ago

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme

artcher [175]

Answer:

Total future value= $16,402.09

Explanation:

Giving the following information:

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Year 1= 4,450*1.07^3= 5,451.44

Year 2= 4,775*1.07^2= 5,466.90

Year 3= 5,125*1.07= 5,483.75

Total future value= $16,402.09

6 0

3 years ago

Read 2 more answers

Jackson motors tells sue, a consumer, that bliss automobiles are made with metal bodies when they are in fact made of fiberglass

Step2247 [10]

Jackson motors tells sue, a consumer, that bliss automobiles are made with metal bodies when they are in fact made of fiberglass. This would be considered a fraudulent misrepresentation.

Under contract law, a plaintiff can recover compensatory damages against any defendant when the court finds that the defendant has committed a fraudulent misrepresentation. Courts will find that a defendant has committed a fraudulent misrepresentation when following factors have been met:

a representation was made by the defendant, the representation which was made was false

that when it is made, the defendant knew that the representation made by him was false.

that the fraudulent misrepresentation was made with the intention so that the plaintiff rely on it.

To know more about fraudulent misrepresentation here:

brainly.com/question/13808699

#SPJ4

8 0

1 year ago

Which of the following is a variable expense?

Neporo4naja [7]

Answer:

car insurance

Explanation:

6 0

3 years ago

Read 2 more answers