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3 years ago

The money spent by firms in order to produce and sells their goods and services is called

Business

1 answer:

Marina86 [1]3 years ago

6 0

Advertising is money spent by companies to sell goods and services.

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Equipment that cost $660,000 and has accumulated depreciation of $300,000 is exchanged for equipment with a fair value of $480,0

Dmitriy789 [7]

Answer

A. 48.000

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

8 0

3 years ago

Technician A says that a spark test should be performed on an engine that will not start. Technician B says that a spark test sh

REY [17]

I think technician A

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3 years ago

During its inception, Devon Company purchased land for $100,000 and a building for $180,000. After exactly 3 years, it transferr

Margaret [11]

Answer:

1. (4) Building at $180,000 and accumulated depreciation of $18,000.

2. (1) $312,000

3. (3) additional paid-in capital of $162,000.

Explanation:

1. The purchase price of building is $180,000

And the depreciation based on straight line method with a life of 30 years for each year = $180,000/30 = $6,000

Therefore, accumulated depreciation for 3 years = $6,000 $\times$ 3 = $18,000

2. Total amount of assets given to subsidiary shall be the cost, and value of investment in books = $100,000 of land + ($180,000 - $18,000) of building after depreciation + $50,000 cash given

Therefore total value of investment shall be $312,000

3. Additional paid in capital = Total value of investment - Cost of shares (par value of shares)

= $312,000 - ($10 $\times$ 15,000 shares) = $312,000 - $150,000

= $162,000

5 0

3 years ago

According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their ______________, wh

Gekata [30.6K]

According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their need structures, which were influenced by the childhood environments that they experienced.

Explanation:

Anne Roe’s personality theory of career choice was well explained in her book “Psychology of Occupations”. There are certain factors that influence in deciding the career of a person. The factors are psychology, biology and sociology of a person.

Individuals decide their field of work based on their demands and needs. The childhood experience may also influence the occupation field of the person. Need structure provides the requirement of the person according to their lifestyle and requirements.

4 0

3 years ago

Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fe

defon

Answer:

c. $90,700

Explanation:

The computation of the cost of the land is shown below:

= Purchase cost of land + property taxes + attorney fees + land graded cost

= $85,000 + $2,500 + $1,000 + $2,200

= $90,700

We added the property taxes, attorney fees, and the land graded cost to the purchase cost of the land. We do not include the parking lot expenses

3 0

3 years ago