Answer: B. An asset is recorded for appraised value of the stock
Explanation: The stock traded on an active exchange is issued for a machine, an asset is recorded for the appraised value .
Stock traded can be issued in exchange for money, property, or services provided to a corporation. Example of these are;
1. an investor could give a utility vehicle in exchange for a company’s stock.
2. an investor could provide legal fees in exchange for stock.
The underlining rule here is to recognize the assets received in exchange for stock at the asset’s fair market value.
The target cost for each interior door is $96.
<h3>
What is manufacturing?</h3>
- Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations.
- It is the core of the economy's secondary sector.
<h3>What is operating cost?</h3>
- Operating costs, often known as operating costs, are the costs associated with running a company, or with running a machine, part, piece of equipment, or facility.
- They represent the cost of the resources an organization uses just to stay in business.
<h3>Solution -</h3>
Total revenue of the year (sales) = $120 × 20,000 = 24,00,000
Operating cost = 20% of sales = 4,80,000
Target cost of each door = 4,80,000 ÷ 20,000 = $24
120 - 24 = $96
Therefore, the target cost for each interior door is $96.
Know more about a business here:
brainly.com/question/24553900
#SPJ4
Answer:
Option (a) and (c) are correct.
Explanation:
We know that rent control is an example of price ceiling. If the price of apartments set below the equilibrium price level then there is increase in the demand for apartments. So, the demand for apartments exceeds quantity supplied at the prevailing market price.
(a) Therefore, the quality of rental housing falls because of the lower price of the apartment. As this will become less profitable for the landlords, so they are least interested in the maintenance of the apartments.
(b) This will also lead to develop black market. The landlords are trying to fool the higher authorities and rent their apartments at a higher cost because this will be done without any type of legal documentation of the apartments or results from the manipulation of the rules.
