Answer:
$275,000
Explanation:
The computation of the value that should the land be recorded is shown below:
= Value at which rits accepted the counteroffer of the seller
= $275,000
Hence, the alue that should the land be recorded is $275,000
Basically it records the cost value as per the cost concept
The same should be considered
Answer:
see below
Explanation:
Operating expenses are the cost a business incurs while engaging in its normal business operations. They are the costs not directly be attached to the production process. A business incurs operating expenses in managing it day to day activities. They exclude one time expenses such as judgment cost, accounts adjustments, and other non-recurring costs.
Operating expenses are classified into administrative, selling, and general expenses. Businesses cannot avoid operating expenses; hence the management should strive to keep them as low as possible. Examples of operating expenses include rent, salaries, employee benefits, transport, depreciation, repairs, taxes, sales commissions, amortization, and pension contributions.
Answer:
$929,404.15 (approx)
Explanation:
The dollar amount actually earned by Solartech after exchanging yen for U.S. dollars :-
= Price ÷ One dollar bought
= 143,500,000 ÷ $154.40 yen
= 143,500,000 ÷ $154.40 yen
= $929,404.15 (approx)
Therefore for computing the dollar amount actually earned by Solartech after exchanging yen for U.S. dollars, we simply divide price by one dollar bought.
Answer:
$16,700
Explanation:
The computation of the ending balance in the allowance for doubtful account is shown below:
= Unadjusted credit balance + Net credit sales × estimated bad debt percentage
= $4,100 + $210,000 × 6%
= $4,100 + $12,600
= $16,700
We simply added the unadjsuted credit balance and estimated amount after considered the estimated bad debt percentage
The answer is B. Always get approval before printing out the final
