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Kamila [148]
3 years ago
5

On January 1, 2021, Laramie Inc. acquired land for $9.6 million. Laramie paid $2.9 in cash and signed a 6% note requiring the co

mpany to pay the remaining $6.7 million plus interest on December 31, 2022. An interest rate of 6% properly reflects the time value of money for this type of loan agreement. For what amount should Laramie record the purchase of land?
Business
1 answer:
Alexxandr [17]3 years ago
6 0

Answer:

$9.6 million

Explanation:

The amount Laramie would record in its books of account in respect of the land acquisition cost is the sum of the cash paid now and the notes payable .

That effectively gives acquisition cost of $9.6 million ($2.9 million+$6.7 million).

The interest payable on the notes payable of $6.7 million would be treated as expense in the income statement of years 2021 and 2022 respectively without being added to the acquisition cost since it is a revenue expense and should not be capitalized.

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Highlight four ways of improving productivity of labour as a factor of production​
UNO [17]

Answer:

Following are the four ways for improving the productivity of the labour is given below

Explanation:

  • If we give the proper resource assignment to each worker at the proper time we will increase the productivity of the labor .
  • Increasing the skills by guiding the labor to the latest technology so they  know the latest or the current technology they will increase the productivity .
  • If we enhancing the physical capital it means if we dependent on the machinery they will increase the productivity .
  • Giving the incentive to labor at the particular interval of time we will increase the productivity.
3 0
3 years ago
Cash consists of: a. coin, currency, and postage stamps. b. coins, currency, checks, money orders, money on hand or on deposit i
Airida [17]

Answer:

b. coins, currency, checks, money orders, money on hand or on deposit in a bank or similar depository.

Explanation:

Cash consists of coins, currency, checks, money orders, money on hand or on deposit in a bank or similar depository. Cash is distinct from postage stamps, credit, money orders or checks that are not physically being held by the holder.

Cash can be defined as a legal tender such as money in its physical form which can typically be used to purchase goods and services, as well as pay debt.

7 0
3 years ago
Bello, Inc., has a total debt ratio of .31.
lutik1710 [3]

Answer:

a. Debt Equity ratio is calculated by dividing long term Debt by total equity of the company.

b.Equity Multiplier or P/E ratio=Market value per share/Earning per share.

Explanation:

a. Debt Equity ratio is calculated by dividing long term Debt by total equity of the company. The Debt Equity ratio can be calculated using the Market value of debt or equity. It can also be calculated using the book values of debt or equity which are included in the balance sheet of the company.

b. Equity multiplier is also known as price /earning ratio. A price/earnings ratio or P/E ratio is the ratio of the market value of a share to the  annual earnings per share. For every company whose shares are traded on a  stock market, there is a P/E ratio. For private companies (companies whose shares are not traded on a stock market) a suitable P/E ratio can be selected and  used to derive a valuation for the shares.

Equity Multiplier or P/E ratio=Market value per share/Earning per share.

4 0
3 years ago
Please help :( Mr. Diaz works in a factory that makes phones. His job is to check phones before they leave the factory to make s
Mariulka [41]

Answer:

C

Explanation:

I'd say C - quality control. Mr Diaz checks the <u>QUALITY</u> of the phones before they're sent to the consumers (us). Please mark as 'brainliest' :)

3 0
2 years ago
Read 2 more answers
the production function for a country is x= x^.075y^0.25, where x stands for units of labor and y for units of capital. at prese
Sidana [21]

Answer:

1.011

Explanation:

The two differentiation for the two parameters such as units of labor and units of capital can be represented as shown below:

If z (production) = f(x,y) = x^0.75y^0.25

Where: x represents the units of labor and y represents the units of capital.

Thus, using differential, the change in production will be:

dz = f_{x}(x,y) dx + f_{y}(x,y) = 0.75x^(0.75-1)y^0.25 + 0.25(x^0.75)y^(0.25-1) = 0.75x^(-0.25)y^0.25 + 0.25x^0.75y^(-0.75)

x = 25+1 = 26; y = 19

dz = 0.75*26^(-0.25)*(19^0.25) + 0.25*26^0.75*(19^(-0.75)) = 0.75*0.443*2.09 + 0.25*11.51*0.11 = 0.694+0.317 = 1.011

8 0
3 years ago
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