Answer:
B. $1,760
Explanation:
Given that:
Liabilities = $400, shares = 40 shares, par value = $1 per share, undervalued building asset = $60, net building amount = $1260
amount of consolidated buildings (net) at date of acquisition = net amount for buildings + amount of undervalued building asset + $400 + ($1.00 x 40 shares)
amount of consolidated buildings (net) at date of acquisition = $1260 + $60 + $400 + $40 = $1760
Technically you could live in a tree house if you wanted to.
Answer:
126,000
Explanation:
56,000/4 = 14,000
5*14,000 = 70,000
56,000 + 70,000 = 126,000
Answer:
2014 = zero
2015 = $6,450
Explanation:
2014
Under the completed-contract method of accounting, revenue, expenses, and gross profit is deferred until the completion of the contract. If at the end of the business fiscal year of a company work on a contract remains incomplete, no revenue, expenses, and profit on that contract is recognized in the current year on the income statement; all costs and billings are accumulated in respective balance sheet accounts.
2015
This year, the construction is completed so Horner Construction Co. will now recognize its Revenue and gross profit in relation to the project.
Contract price $16,500,000
Less: constructions costs <u>10,050,000</u>
Gross profit $6,450,000
* construction cost = ($5,850,000 + $4,200,000)
Considering the situation above, by building a strong brand, Wilson has effectively "<u>reduced the price elasticity of demand for its products</u>."
This is because the price elasticity of demand is a term in economics that defines the sensitivity of the quantity demanded of a commodity to its price.
Usually, the price elasticity of demand shows that when the price of a commodity increase, the quantity demanded decreases.
Thus, in this case, since it is said that Kendra allowed Wilson to charge a higher price and not lose many sales, therefore, Wilson has been able to reduce the price elasticity of demand for its products.
Learn more here: brainly.com/question/15654343
