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
Alex787 [66]
3 years ago
5

Pitney Co. purchased an office building, land, and furniture for $500,000 cash. The appraised value of the assets was as follows

: Land $ 180,000 Building 300,000 Furniture 120,000 Total $ 600,000 Required Compute the amount to be recorded on the books for each asset. Record the purchase in a horizontal statements model.
Business
1 answer:
Inessa [10]3 years ago
3 0

Answer:

1.Allocated cost

Land 150,000

Building 250,000

Furniture 100,000

Total 500,000

2.Net income cash flow -500,000 IA

Explanation:

1.

Allocated cost

Land =500,000*180,000/600,000=150,000

Building =500,000*300,000/600,000=250,000

Furniture =500,000*120,000/600,000=100,000

Allocated cost

Land 150,000

Building 250,000

Furniture 100,000

Total 500,000

2.

Cash -500,000

Land 150,000

Building 250,000

Furniture 100,000

Net income cash flow -500,000 IA

You might be interested in
Consider the portfolio choice theory of money demand. how do you think the demand for money will be affected during a hyperinfla
AleksAgata [21]

Answer:

The demand for money decreases sharply.

Explanation:

The portfolio choice and Keynes's theory of demand for money both proposes that as the returns expected on money falls, its demand also falls. When there is an increase in interest rate, it leads to a decrease in the expectation placed on returns on money thus leading to a decrease in demand for money.

6 0
3 years ago
Read 2 more answers
Three Guys Burgers, Inc., has offered $18 million for all of the common stock in Two Guys Fries, Corp. The current market capita
Pavlova-9 [17]

Answer:

Annual synergy gain = $ 178,500

Explanation:

Value of synergy gain from acquisition = 18 - 15.9 = 2.1 million

Annual synergy gain = 2.1 *.085 = .1785 million or $ 178,500

Annual synergy gain = $ 178,500

3 0
3 years ago
Grand Trunk Inc., a furniture manufacturing company, does not manufacture furniture until an order is received. It coordinates a
sleet_krkn [62]

Answer:

supply chain management

Explanation:

Supply chain management -

It refers to the management for the flow of services and goods along with the process that are responsible for the conversion of the raw products to final goods and services , is referred to as the supply chain management .

The process like supplying , designing , production , quality control etc. are all process in supply chain management .

Hence , from the given scenario of the question ,

The correct answer is supply chain management .

7 0
3 years ago
What types of behavior are considered discriminatory, harassment, and workplace violence?
arlik [135]
Verbal/ Written
Physical
Visual
4 0
3 years ago
Consider the following data for a closed economy:
notsponge [240]

Answer: The answer is given below

Explanation:

a. . Private saving

Private saving=Y+TR-C-T

= $11t + $1t - $8t - $3t

= $12 trillion - $11 trillion

= $1 trillion

b. Public saving

Public Saving= T-G-TR

Since G is not given, we can use:

I = public saving + private saving

$2t = public savings + $1t

Public saving= $2 trillion - $1 trillion

Public savings = $1 trillion

c. Goverment purchases

Since public savings = T - G - TR

$1t = $3t - G - $1t

G = $3t - $1t - $1t

G = $3 trillion - $2 trillion

G = $1 trillion

d. The goverment budget deficit or budget surplus.

There is a budget surplus of $1 trillion which has been calculated in the public savings.

4 0
3 years ago
Other questions:
  • At the beginning of the year, Ilberg Company estimated the following costs: Overhead $416,000 Direct labor cost 520,000 Ilberg u
    15·1 answer
  • Given the pay rate, hours worked, tax deductions, and social security deduction, determine the gross earnings, workmen's compens
    14·1 answer
  • Compare and contrast John Keats’s “To Autumn” and Susan Hartley Swett’s “July.” In your response, make sure you include the answ
    12·1 answer
  • ______ are typically a function of the performance of the organization and are less dependent on the perceived performance of th
    8·1 answer
  • Select all that apply.
    12·1 answer
  • After the conclusion of the 1991 recession, the unemployment rate generally ______________ throughout the 1990s.
    10·1 answer
  • Gravel would most likely exist in the ________ of a river.
    15·1 answer
  • According to the video, what do many Accountants and Auditors decide to do?
    14·1 answer
  • What is true of people who are motivated by the need for achievement?
    15·1 answer
  • Accourding to the quantity theory of money all countries with the same average annual rates of inlfation must also have the same
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!