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Mama L [17]
3 years ago
7

During 20X1, Sloan, Inc., began a project to construct new corporate headquarters. Sloan purchased land with an existing buildin

g for $750,000. The land was valued at $700,000 and the building at $50,000. Sloan planned to demolish the building and construct a new office building on the site. What is the appropriate accounting treatment for interest of $147,000 on construction financing incurred after completion of construction?A. Classify as land and do not depreciateB. Classify as building and depreciateC. Expense
Business
1 answer:
bulgar [2K]3 years ago
8 0

Answer:

C. Expense

Explanation:

The interest during construction can be capitalized through the bulding and depreciate along with them.

In this case the interest occurs after the completion of construction so are considered expense of the period.

It should be considered interest expense.

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Kate is a customer care executive at a telecommunications services company. She receives a complaint from Mike, a customer, abou
Xelga [282]

Answer:

Kate is most likely to Provide a fast response to the customer using customer care software.

Explanation:

Customer Service Executives job is to handle phone, internet etc, interactions with customers. They manage client claims, complaints and process customer orders.

She received a complaint from Mike(who is a customer) about an unnecessary deduction of $10 from his phone credit. If Kate is going to follow her job protocol, she need to provide fast, accurate and precise response to Mike(the customer) using the company customer care software.

Using the software and her knowledge of customer service she should be able to offer a professional approach in answering mike and provide information about the deduction.

4 0
3 years ago
Forward Company makes all its sales on account. Forward's accounts receivable payment experience is as follows:
8090 [49]

Answer:

The expected cash receipts in the month of November are $160,600

Explanation:

Expected cash receipts in the month of November = 30% sales in the month of November + 65% sales in the month of October + 3% sales in the month of September.

Forward Company had sales in September of $120,000, in October of $140,000 , in November of $220,000

Expected cash receipts in the month of November = 30% x $220,000 + 65% x  $140,000 + 3% x $120,000 = $66,000 + $91,000 + $3,600 = $160,600

4 0
3 years ago
A perfectly competitive firm earns a profit when price is
Nonamiya [84]

A  perfectly competitive firm earns a profit when price is above the average total cost.

A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.

In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.

To learn more, please check: brainly.com/question/13761559

4 0
2 years ago
Beta inc. manufactures electronic gadgets. the market researchers at beta have discovered that a new competitor is gaining more
motikmotik
<span>In the context of swot analysis, the marketers at beta inc. are most likely to consider this situation as a threat.​

The new competitor threatens Beta inc. by offering the same consumers, that Beta inc. targets, the same, or similar, products for lower prices than Beta inc. These consumers, given the choice between the new competitor and Beta inc., will most likely do business with the new competitor; for reasons aforementioned.</span>
6 0
3 years ago
Jenna is the information technology director at a large country club. She's taking the other three members of her department on
Romashka-Z-Leto [24]

Answer: Functional strategic planning

   

Explanation: Functional strategic planning refers to planning for a specific functional area of the organisation. This type of planning affects only one department or the area for which is made and other departments do not get affected from it very much. This is done by the departmental heads of the organisation.

In the given case, Jenna is the director of IT department and is planning to retreat her departments strategies. Her actions would only affect the IT department.

Hence from the above we can conclude that the correct option is D.

6 0
3 years ago
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