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cluponka [151]
3 years ago
8

If a company is considering the purchase of a parcel of land that was acquired by the seller for $96,000 is offered for sale at

$172,000, is assessed for tax purposes at $106,000, is considered by the purchaser as easily being worth $162,000, and is purchased for $159,000, the land should be recorded in the purchaser's books at:
Business
1 answer:
77julia77 [94]3 years ago
4 0

Answer:

The land should be recorded in the purchaser's books at $159,000.

Explanation:

Book keeping is the important term in the accounting and it records all the information of purchasing and selling amount from for a specific person to a large company.

As the buyer purchased the land in $159000, thus in his book it should be recorded as land purchased for $159000, and all the persons involved init from seller to intermediate organizations. All other tax processes and assessed values does not relate with the buyer. He just payed for the land and recorded it. Other values will be recorded in the book of seller and the book of intermediary organizations involved who assessed the land value as for the recording purposes.

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When companies hire celebrities to advertise their products, they are attempting to make the demand for their product more _____
JulijaS [17]

Answer:

When companies hire celebrities to advertise their products, they are attempting to make the demand for their product higher / more profitable. If this strategy is successful, the firm can raise both awareness and reputation / sales.

Explanation:

"Celebrity endorsement is a promotional tool that boosts brand awareness. It is a way of enhancing credibility and gaining visibility for brands. Celebrities are well-known people and a celebrity endorsement can make a brand stand out"

Reference: Elkins, Hashaw. “The Effect of Celebrities in Advertisements.” Small Business - Chron.com, 29 Mar. 2019

4 0
3 years ago
Pressure from consumer groups is encouraging some producers to develop more ______________ products. deficient. desirable. accep
klio [65]
Pressure from consumer groups is encouraging some producers to develop more desirable products.  The desirable products are products that take care of both the objectives are called desirable products. For example, body shop products are named desirable products because they offer short term gratification and also support the society.
6 0
3 years ago
Newtech inc. hires john for the position of a software programmer to work on their new project. salary paid to john by newtech i
lakkis [162]
The answer is C. Direct costs.

Hope this helps
7 0
3 years ago
ANSWER ALL MULTIPLE CHOICE QUESTIONS 1. The index used to measure inflation is the a. consumer price index. b. producer price in
9966 [12]

Answer:

15

Explanation:

15151515151515152515255151251512512

5 0
3 years ago
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
Lemur [1.5K]

Answer:

$ 44000

Explanation:

Given:

Actual overhead manufacturing cost, Ac = $ 352000

Actual direct labor hours, Ah = 56000

Estimated manufacturing overhead cost, Ec = $ 330000

Estimated direct labor hour, Eh = 60000

Now,

Predetermined Overhead Rate = Ec/Eh

on substituting the values in the above formula we get

= $ 330000/60000 = 5.5

also,

Underapplied Overhead = Ac + (Ah × Predetermined Overhead Rate)

on substituting the values in the above formula we get

Underapplied Overhead = 352000 - (56000 × 5.5)

or

Underapplied Overhead = $ 44000

3 0
3 years ago
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