Answer:
Back Stop, Inc.
1. The amount of gain or loss that will be recognized by the company:
a. $30,000 gain
b. $80,000 loss
2. The corporation's basis in the property after the transfer:
a. $150,000
b. ($80,000)
Explanation:
1) Data and Calculations:
a. Building $150,000 Capital, Kelly $120,000 Unrealized gain $30,000
b. Unrealized loss $80,000 Capital, Kelly $80,000
2) The building contributed by Kelly is worth $150,000 for the corporation. However, the contribution by John is worth nothing in real terms. Instead, an unrealized loss is being suffered by the corporation.
Answer:
C.$ 8 comma 798$8,798
Explanation:
Given,
Purchase value = $16,600
Considering the relative values
Relative value of land = $6,500
Total relative value = 6500 + 2400 + 3400
= $12,300
Using the relative value to allocate the purchased value of the land
Purchased cost of land = (6500/12300) × 16,600
= 0.53 × 16,600
= $8,798
The amount that would be debited to the Land is $8,798 Option C
Answer:
D(p) = 2,000 ÷ Price + 434
Explanation:
The computation of the demand function is shown below:-
Number of units of the product = 3000 ÷ Price + C
834 = 2,000 ÷ $5 + C
834 = 400 + C
C = 834 - 400
C = 434
So, D(p) = 2,000 ÷ Price + 434
Therefore for computing the demand function we simply applied the above formula also we considered all the given information mentioned in the question
Answer: 90%
Explanation:
Cycle Service Level refers to the expected probability by which a manufacturer meets the demand for a particular product and is not being stockout.
In this case,
40% of the days, 80 are sold;
50% of the days, 90 are sold
10% of the days; 100 are sold.
Since the vendor plans to stock 90 each day, then the vendor will meet demand during 40% of the days, when 80 are sold; and during 50% of the days, when 90 are sold.
Therefore, the expected CSL is the vendor targeting will be:
= 40% + 50%
= 90%
Answer:
37 F
Explanation:
Direct materials Quantity variance 597 F
Less: Direct materials Price variance 560 U
Direct materials Flexible Budget variance 37 F
