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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

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Hyun's Handicrafts is a company that provides custom linens for both businesses and individual consumers. Hyun does not make any
Tom [10]

Answer:

Pull Strategy

Explanation:

The Pull Strategy is a marketing strategy which consists in having the customer seek the product by himself or herself.

The goal is to create consumer demand before kickstarting production.

In this case, we have a perfect example of a pull strategy, because Hyun will not start production unless it has proof of demand from a customer, the proof being a order.

8 0
3 years ago
DeWitt Company sells a kitchen set for $345. To promote July 4, DeWitt ran the following advertisement:
Triss [41]

Answer:

$296.7

Explanation:

Since the first four hours the kitchen set will have a discount of 12 %, plus another 2 % for the last of each hour.

Ingrid bought it at the 1 hour and 25 min, that means that she could get 12 % for the first hour plus another 2 % because of th end of the first hour.

So it will be:

14 % (345) = $48.3

To the total price: $345 - $48.3 = $ 296.7

Hope this info was useful

7 0
3 years ago
In many cases, companies that enter a market after innovative products have been introduced can achieve long-term competitive ad
yuradex [85]

Answer:

First-mover

Second-mover

Explanation:

A first mover is a provider of product, that achieves a market advantage by being the first type of product to be marketed. Generally, being gets the first firm in the market to get the advantage of the strong market and customer satisfaction.

The "second mover's advantage" is the value of joining others into a business or imitating an old product that a new innovative company gets.

In this case VisiCalc is a First-mover and Microsoft is a Second-mover.

3 0
3 years ago
Pls help!!!!
Crank
I won’t write the sentences for you however i can give you some ideas....
1. one of the most important even i think would be in 2007 when apple created the very first mobile internet (this could also apply to you too)
2. what u think will happen in the next 20 years is that we are going to move away from mobile devices and towards maybe a chip in your head or a sort of device something similar to VR
3 0
3 years ago
For the current year, Klay Corporation reports the following information:
DerKrebs [107]

Answer:

The company’s cash flows from operating activities was a cash inflow of $5,000

Explanation:

Cash at the end of the year = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities + Net cash inflows from operating activities

Therefore,

Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0

The company’s cash flows from operating activities was a cash inflow of $5,000

7 0
3 years ago
Read 2 more answers
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