Answer:
Journals :
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Explanation:
The Land and Building is Initially measured at cost of acquisition not the fair market value. The cost of Acquisition in this case is the Present Value of the Mortgage Payable used to obtain the Property.
Step 1
Use the Time Value of Money Techniques to find the Present Value of the Mortgage.
Calculation of Present Value of the Mortgage
N = 20 × 12 = 240
P/YR = 12
PMT = - $3,488.85
I = 7 %
FV = $ 0
PV = ?
Using a Financial Calculator to Input the Values as above, the Present Value of the Mortgage will be $450,000.
Step 2
When Recording, apportion the Land and Building costs using their fair market value.
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Business relations
Explanation:
Business relations are the connections that exist between all entities that engage in commerce. That includes the relationships between various stakeholders in any business network, such as those between employers and employees, employers and business partners, and all of the companies a business associates with.
Answer:
C
Explanation:
Benchmarking is a process of comparing the performance of a company’s products and services against those of another company which is considered to be the best. The essence of benchmarking is to identify more opportunities for improvement. When companies with superior performance are analysed and then compared with your business, you can implement changes that will bring about significant improvements in your business.
That might involve changing a product’s features to closely match a competitor’s offering, or changing the method of services offered, or even rebranding the customer relationship management system to enable better communications with customers.
Based on the fact that you gave up the beach to study for the economics final, the opportunity cost is d. the sun and fun you gave up by studying.
<h3>What is the opportunity cost of studying?</h3>
The opportunity cost is what we give up in order to pursue our current course of action.
You gave up going to the beach and having fun in the sun so this is the opportunity cost of studying for economics.
Find out more on opportunity cost at brainly.com/question/481029.
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