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
Grace [21]
3 years ago
15

Jason Thompson purchase an office building 10 years ago for $780,000. The building was just appraisal $1.25 million. What value

should be used for the building in Jason's accounting records?
Business
1 answer:
Kamila [148]3 years ago
8 0

Answer:

No adjustment in records can be made until the asset is sold.

Explanation:

This is an example of cost concept. Assets are generally recorded at cost and remain on the accounting records at cost until they are disposed of. Future economic condition may change this appraised value, and therefore no adjustment in records can be made until the asset is sold.

You might be interested in
Alexandria's Dance Studio is currently an all-equity firm with earnings before interest and taxes of $338,000 and a cost of equi
andreyandreev [35.5K]

Answer:

$1,306,986

Explanation:

Calculation to determine What is the levered value of the equity

First step is to calculate the VL

VL = {[$338,000 × (1 - .34)] / .142} + (.34 × $400,000)

VL= $1,706,986

Now let calculate the levered value of the equity (VE)

VE = $1,706,986 - $400,000

VE = $1,306,986

Therefore the levered value of the equity is $1,306,986

8 0
3 years ago
During the 1990s, one of the dominant firms in the U.S. cigarette industry would raise prices once or twice a year by about 50 c
ahrayia [7]

Answer: price leadership

         

Explanation: Price leadership is a circumstance where one business, typically the dominant one in its market, sets prices that its rivals follow closely.

This business is typically the one with the minimum cost of production, thus being able to outperform the prices charged by any rival who tries to set their prices below the price range of the market leader.

Rivals could increase prices than the cost leader, but this would likely lead to lower share of the market unless rivals were able to distinguish their goods adequately.

Hence from the above we can conclude that the given case depicts price leadership strategy.

3 0
3 years ago
S= (1+r)c. find c if s=174 and R<br> =455
solong [7]
174=(1+455)c
c=174/456
c=0,3815789474
3 0
3 years ago
Creating your own flyer about cars
kvasek [131]

Answer:

what

Explanation:

5 0
2 years ago
When writing goals, it is helpful to remember the acronym SMART. Different people associate different words with each of the let
borishaifa [10]

Answer:

a. I will hire three new salespeople prior to our next product release.

Explanation:

Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.

3 0
3 years ago
Other questions:
  • C&amp;A purchases fertilizer for its lawn-care business from a supplier who charges $30 per order and $50 per case. Each case co
    5·1 answer
  • Hi,can someone check whether this is correct❤plzzz
    11·2 answers
  • Dominic is looking over his spending pattern for the past week to try to determine how much money he had on Sunday. This is Domi
    11·1 answer
  • The National Division of Roboto Company is buying 10,000 widgets from an outside supplier at $30 per unit. Roboto's Overseas Div
    5·1 answer
  • 3. A trader has a short position of 10 contracts in a crude oil futures contract. Yesterday’s closing price was $55.30/barrel. T
    11·1 answer
  • On January 1, 2021, Bramble Corp., declared a 10% stock dividend on its common stock when the fair value of the common stock was
    5·1 answer
  • The following details relate to the main process of W Limited, a chemical manufacturer: Opening work in progress ............200
    11·1 answer
  • Jeff has been a project assistant for XYZ Corporation for five years. Recently he was asked to train Harriet, a new employee. He
    15·1 answer
  • When airlines charge higher prices for seats in the Economy section Exit rows that have more leg room, they are using which pric
    5·1 answer
  • you invest $15,000 at an annual rate of 8.25or one year. what is the difference in interest earned if your investment is compoun
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!