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scoray [572]
3 years ago
11

If a company is considering the purchase of a parcel of land that was acquired by the seller for $94,000, is offered for sale at

$168,000, is assessed for tax purposes at $104,000, is recognized by the purchaser as easily being worth $158,000, and is purchased for $155,000, the land should be recorded in the purchaser's books at:
a. $155,000.
b. $104,000.
c. $158,000.
d. $156,500.
e. $168,000.
Business
1 answer:
stepan [7]3 years ago
8 0

Answer:

a. $155,000.

Explanation:

For recording the land value in the purchaser's books we reported the value of the land at the purchase price i.e $155,000 by following up the historical cost principle that states only purchase price would be reported

The other cost is not considered because it is not relevant for recording in the purchaser books

So, the actual amount in which land is purchased would be reported i.e $155,000

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Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a
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5.01%

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The bond nominal yield to call is  5.01%

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Kelsie told you her goal is to be one of the best overall programmers in the world. She​ doesn't care who she works​ for, or wha
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Differentiation of products throughout the industry.

Explanation:

The three generic strategies proposed by Michael Porter are: global leadership in costs, differentiation and focus or concentration, through them a company can face the five forces that shape competition in a sector and achieve a sustainable competitive advantage that allows it beat rival firms.

In the differentiation strategy, the company must produce exclusive services / products that are thus perceived by consumers, who are willing to pay more to have it.

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3 years ago
Brace Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
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Answer:

D. $511,920

Explanation:

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= (Actual manufacturing overhead - underapplied overhead) ÷ (actual direct labor hours)

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Now the estimated manufacturing overhead is

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5 0
4 years ago
Baby jane, three days old, is shown four drawings: a bright blue square, a white oval, a yellow circle, and a drawing of a face.
alina1380 [7]

<u>The answer is "the face".</u>


Robert Fantz began estimating the measure of time babies spent taking a gander at something as an approach to check how keen on it they were. Fantz announced that a two-month-old child spent twice as long taking a gander at a portray of the human face as at a bullseye, for example. Tests in view of look estimations have been the field's workhorse from that point onward. It is no misrepresentation to state that without looking-time measures, we would know almost no about almost any part of baby improvement.

3 0
3 years ago
1) Illustrate how the type of work that he or she does influences a person's lifestyle. For example, contrast a farmer, a factor
steposvetlana [31]

Answer:1)The type of one job influences his lifestyle

2)No

3) value of self services in an economy includes improved customer services,more convenient , reduced overhead cost, customer satisfaction, increase productivity.

Explanation:Type of job tells a lot about people lifestyle,eg a person who spend very long hours at work hardly have adequate rest and social life.

Contrasting between farmers, school teacher and factory worker,the factory workers are semi skilled,teachers skilled and farmer could be non skilled ,the school teacher schedule is always fixed 8am to 4pm for instance so they are more organized,they are mostly in formal attire while a factory worker run shifts and may be see in safety boots and overall and may have little or erratic schedules .the farmer on the other hand has no schedule ,has relaxed routine,wear casuals and not necessarily tidy,does things when willed as most are self employed.

Even in their eating habits,farmers eat more of fresh food,while teachers eat processed foods and factory workers are more likely to eat junks or snacks.

While a school teacher may be seen with books ,a factory worker may be seen with machines and equipment and farmers with tools ,tractors etc

2)An economy can only thrive on goods and services,as both are needed for survival,a service person need commodities like foods,clothes etc to survive while a good traders cannot do without services like transportation,banking etc

3)the value of self service include overhead cost reduction,self service involves customer serving themselves with limited involvement of a third party or vendor e.g payment at pos at gas station, uses of ATM for cash withdrawal etc.

The organization uses less resources like staff,PCs to run self service this fund can be invested in other areas.

Increase customer service occurs as a result of self service , customer can do their trasaction at their pace and convenience.

4 0
3 years ago
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