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Taya2010 [7]
3 years ago
12

Tonto Company purchased property for $125,000. The property included a building, equipment and land. The building was appraised

at $72,000, the land at $50,000, and the equipment at $23,000. What is the amount of cost to be allocated to the building in the accounting records
Business
1 answer:
velikii [3]3 years ago
3 0

Answer:

The cost allocated to the building is $ 62,068.97  

Explanation:

The total appraised cost for the components of the property purchased=$72,000+$50,000+$23,000=$ 145,000.00  

The cost allocated to the building in the accounting records is the cost of the property multiplied by the building appraised value of $72,000 while dividing by the total of the  appraised value of $145,000

cost allocated to building=$125,000*$72,000/$145,000=$ 62,068.97  

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The federal funds rate target is the most frequently used monetary policy tool.
Nikitich [7]
False is correct answer.

Because the federal funds rate target is not the most frequently used their monetary policy tool.

Hope it helped you.

-Charlie
5 0
4 years ago
Sally is planning to sell her company and she prefers to obtain immediate liquidity, and the value of consideration to be fixed.
ella [17]

Answer: A cash sale

                                           

Explanation: In simple words, liquidity refers to the ability of an organisation to bear its short term expenses. For that a company must have cash or some assets that can be readily converted into cash in case of need.

Hence Sally should sell her company in cash sale as it will result in inflow of cash which will create liquidity and also the consideration will be certain with short timely payments.

Other option such as IPO or  stock for stock might result in increase in value but certainly won't give her liquidity.  

6 0
3 years ago
Need for achievement is also referred to as ____________.
GaryK [48]
Its also referred to as N ach
3 0
3 years ago
Mama Fran's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's
Usimov [2.4K]

Answer:

Standard cost per pound= $34.21

Explanation:

The standard cost is the sum of direct material, direct labor, and total overhead. We will calculate each separate.

Direct material:

10 ounces cookie mix for $0.80= $8

5 ounces of milk chocolate for $4= $20

1 ounce of almonds for $12 the pound= $0.75

1 pound= 16 ounces

1 ounce= 0.0625*$12= $0.75

Direct labor:

1 minute in the mixing department

2 minutes in the baking department.

Mixing= $14.40* (1/60)= $0.24

Baking= $18*(2/60)= $0.6

Overhead:

Variable overhead is applied at a rate of $32.40 per DLH

Fixed overhead is applied at a rate of $60.00 per DLH.

Variable= 32.40 * (3/60)= $1.62

Fixed= 60* (3/60)= $3

Standard cost per pound= (8 + 20 + 0.75) + (0.24 + 0.6) + (1.62 + 3)= $34.21

4 0
4 years ago
Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use whe
True [87]

Answer:

"Layoff"

Explanation:

According to my research on business terminology, I can say that based on the information provided within the question the word that Peter could best use when speaking with his employees would be "Layoff". This is a business term defined as a temporary suspension or permanent termination of employment of an employee, and is usually done for various employees at a time.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
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