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
Rasek [7]
3 years ago
8

Sunland company installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,0

00. Which of the following statements is true with respect to these additions?
A. $30,000 should be debited to the Land account.
B. $12,000 should be debited to Land Improvements
C. $42,000 should be debited to the Land account.
D. $42,000 should be debited to Land Improvements
Business
1 answer:
padilas [110]3 years ago
4 0

Answer:

D. $42,000 should be debited to Land Improvements

Explanation:

The cost of the land housing the parking is recorded in the land account. Other costs such as paving cost and lights are improvements and as such are added and recorded in the Land Improvements accounts.

Total Land improvements = $30,000 + $12,000

= $42,000

The right answer is D. $42,000 should be debited to Land Improvements.

You might be interested in
You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the
Andru [333]

Answer:

The ending cash balance is $40,000

Explanation:

Kindly check attached picture for detailed explanation on Cash Flow statement

6 0
3 years ago
Read 2 more answers
Angela and Ralph at Tablerock Foods believe they have come up with a delicious low-calorie dessert, but they have some doubt abo
wlad13 [49]

Answer:

test marketing stage

Explanation:

Test marketing stage  -

It is the method , where the population is made to decide about the sample of any product before the complete launch of the product , is known as test marketing stage .

This method helps to get the proper opinion of the product , whether it can survive in the market or not , before the launch of the complete range of product .

hence , from the question , the correct term for the given information of the question is test marketing stage .

8 0
4 years ago
A single server model with infinite calling population, first-come, first-served queue discipline, Poisson arrival rate and expo
Elden [556K]

Answer:

3.5 customers

Explanation:

The computation of the average number of customers in the system is shown below:

= (Arrival rate) ÷ (Service rate - arrival rate)

= (210 customers) ÷ (270 customers - 210 customers)

=  (210 customers) ÷ (60 customer)

= 3.5 customers

We simply apply the average number of customers formula so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
Mandi gets a call from her local car dealer. At the end of the call, the seller asks when Mandi wants to schedule an appointment
Gnesinka [82]

The scenario between Mandi and the car dealer is simply known as a assumptive close.

<h3>What is a assumptive close?</h3>

An assumptive close simply means when one assumes that a customer plans to buy a product and then encourages the person to do so.

In this case, the car dealer simply encouraged Mandi to purchase the car. This illustrates an assumptive close.

Learn more about dealer on:

brainly.com/question/1918419

4 0
2 years ago
Hoffman Corporation issued $80 million of 7%, 10-year bonds at 104. Each of the 80,000 bonds was issued with 11 detachable stock
Ivanshal [37]

Answer:

($ in million)

Dr Cash 81.6

Dr Discount on bonds payable 2.8

Cr Bonds payable80.0

Cr Equity-stock warrants outstanding 4.4

Explanation:

Preparation of the journal entry to record the issuance of the bonds.

($ in million)

Dr Cash 81.6

(80,000,000 X 102/100 = $81.6 million)

Dr Discount on bonds payable 2.8

(80+4.4-81.6 = $ 2.8 million balancing figure)

Cr Bonds payable 80.0

Cr Equity-stock warrants outstanding 4.4

($5 × 11 warrants × 80,000 bonds= $4.4 million)

(Being To record issuance of bonds)

4 0
3 years ago
Other questions:
  • The market share held by the "Other" category (which includes dark pools) constitutes roughly ______% of trading volume in NYSE-
    11·1 answer
  • What is the value of a preferred stock where the dividend rate is 14% on a $100 par value? Assume the discount rate for this sto
    8·1 answer
  • The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 65,000 Depreciation E
    10·1 answer
  • When a business owner is asked how the business is doing and she replies,
    10·1 answer
  • Red, Jess, and Frankare coworkers at Crossroad Inc. Having worked at CI for five years now, the three are discussing their caree
    15·1 answer
  • Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest ra
    11·1 answer
  • Why is freshness of ingredients important in salad preparation​
    7·2 answers
  • A bank determines from an analysis on its deposits that account processing and other operating expenses cost the bank $5.45 per
    10·1 answer
  • With allocative efficiency: A) the state of technology, or methods used to produce output, do not change. B) the available suppl
    14·1 answer
  • What is the definition of the time/value of Money A:the relationship between time money and the rate of return and their effect
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!