1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-s [515]
3 years ago
13

Riverboat Adventures pays $450,000 plus $5,000 in closing costs to buy out a competitor. The real estate consists of land apprai

sed at $67,200, a building appraised at $158,400, and paddleboats appraised at $254,400. Compute the cost that should be allocated to the building.
Business
1 answer:
kkurt [141]3 years ago
8 0

Answer:

$150,150

Explanation:

Total fair value of all assets:

= Land + Building + Paddleboats

= $67,200 + $158,400 + $254,400

= $480,000

Building accounted for:

= Fair value of building ÷ Total fair value

= $158,400 ÷ $480,000

= 33%

Therefore, the building is 33% of the total fair value of assets.

Cost of acquisition of assets:

= Amount paid + Closing cost to buy out a competitor

= 450,000 + 5,000

= $455,000

Cost to be allocated to the building:

= Cost of acquisition of assets × Percent share in total fair value

= $455,000 × 33%

= $150,150

You might be interested in
A local marketing firm is considering launching a new and extensive social media marketing campaign. This investment of resource
slava [35]

Answer:

The marketing firm should use the Present Net Value calculation to see if the marketing campaign will add value to the company.

Explanation:

The Present Net Value is a calculation that brings to present time all the future cash flows of an investment. Seeing the campaign marketing strategy as a potential investment, the firm has to identify the revenue entirely caused by the marketing campaign. Doing this, the firm will identify inflows (sales) per year that have to be subtracted to the outflows (marketing expenses). The net value of every year is discounted at a discount rate, and if the Present Net Value is higher than 0, it means that the marketing strategy is expected to bring value to the firm

7 0
3 years ago
Database systems may profoundly affefct the fundamental nature of accounting. The basic rationale for the double-entry model is
katen-ka-za [31]

Answer:

The double-entry model of accounting might be un-necessary in database frameworks could be valid as the sums identified with the exchange are gone into a database frameworks accurately, as it is put away just a single time and not twice. Information handling is adequately precise to make pointless the detailed arrangement of checks and twofold watches that describes the double-entry model.  

Despite the fact that there are points of interest of double-entry accounting, in database frameworks it is superfluous as the database model handling get the job done these focal points.  

Effect of database frameworks on bookkeeping and the AIS are robotization and smooth out reporting.It process, changes and creates an information and it is utilized for dynamic as it gives the opportune data as it is mechanized.  

Solid interior controls are actualized in the framework with the goal that accounting frauds won't happen.

4 0
3 years ago
Numbers-based evidence relies on data, but intuition is based on __________?
Dmitry [639]
Statistics is the correct one
7 0
3 years ago
Read 2 more answers
Which of the following contributed most significantly to the population trend in pre-Columbian Mexico described in the excerpt?
AURORKA [14]

Answer:

The correct answer is A: Trade and settlement resulting from maize cultivation

Explanation:

Before Europeans arrived in Mexico, there were several well-settled tribes and small kingdoms in the region which were in constant conflict since generations.  

Trade and Settlement due to maize cultivation had taken place thousands of years ago and by the time Europeans reached this part of the world, they found a thriving civilization which was not nomadic.

As a major crop, maize was able to provide sufficient nutrition and helped in the development of a major population centers including Mexico City.

7 0
3 years ago
Read 2 more answers
The term ________ refers to a company's efforts to reach distribution channels and target customers through communications such
amm1812

Answer:

A)social marketing

Explanation:

Social marketing involves all the activities a company does in order to reach more clients.

Activities such as relations, marketing through social media, personal selling (through the use of personal connections), direct marketing, etc.

6 0
4 years ago
Other questions:
  • _______ leaders are agents of change because they develop an appealing vision of the desired future state, communicate that visi
    7·1 answer
  • Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associ
    5·2 answers
  • Five different institutional source of contracts
    8·1 answer
  • The exchange rate between the united states and japan is
    8·1 answer
  • The GDP of a country hasn’t improved in the past three years. The central bank decided to take a measure that will increase the
    14·2 answers
  • Average fixed costs______________.
    9·1 answer
  • A demand curve slopes down because of a. the inverse relationship between price and quantity demanded. b. can slope up or down d
    12·1 answer
  • The Holt fund has $500 million in assets, 80 million in debt and 15 million shares at the start of the year. At the end of the y
    6·1 answer
  • Which of the following would be most likely associated with the expansionary phase of the economic business cycle?
    9·1 answer
  • Which is an example of a banking regulation?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!