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Marianna [84]
3 years ago
15

On July 1, 2018, Larkin Co. purchased a $400,000 tract of land that is intended to be the site of a new office complex. Larkin i

ncurred additional costs and realized salvage proceeds during 2018 as follows:Demolition of existing building on site $75,000Legal and other fees to close escrow 12,000Proceeds from sale of demolition scrap 10,000What would be the balance in the land account as of December 31, 2018?a. $400,000.b. $475,000.c. $477,000.d. $487,000
Business
1 answer:
jeka57 [31]3 years ago
3 0

Answer:C. $477,000

Explanation:

Asset are initially recognized at price and other attributable cost. The cost includes tax paid on the assets e.g Vat, legal cost for attorney, delivery, installation, site preparation, professional fees e.g Architect. All income earned from testing the asset or incidental to the asset installation are deducted to arrive at a final cost value.

In the above scenario the price of the land $400,000 is added to demolition cost $75,000, plus the legal fees of $12,000 are all added to $487,000 and the proceed of $10,000 from sales of demolition scrap will be deducted to have a final cost of $477,000.

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A household appliances manufacturer has hired you to help analyze their social media datasets to determine which of their refrig
DedPeter [7]

Answer: sentiment analysis software

Explanation: The Content is produced through social networks, through Web forms, through mobile applications. Content is created by your customers, your market, by thought leaders, employees, and other enterprises. They are sharing opinions, ideas, comments, requesting information, expressing concerns, discussing technologies and products and influencing. Valuable information is trending within those conversations, threads, and post .Uncovering and translating social data into tangible insights has become one of the key challenges for Sentiment Analysis technology providers wanting to propose a real social mining solution to their users. The sentiment analysis software is a specialized classification engine used to identify and evaluate subjective patterns and expressions of sentiment within textual content. The analysis is performed at the topic, sentence, and document level and is configured to recognize whether portions of text are factual or subjective and, in the latter case, if the opinion expressed within these pieces of content are positive, negative, mixed, or neutral. The combination of machine learning with natural language processing techniques, the sentiment analysis is one of the most powerful engines available .

5 0
3 years ago
Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold
Usimov [2.4K]
Okay. So Joan receives 25% commission on the profits of the cars she sells. She got $8,870 on the profit last month. To find the commission, let’s multiply the amount of profit by the percentage. 8,870 * 0.25 is 2,217.5. There. Joan earned $2,217.50 in commission last month.
6 0
3 years ago
Steel mill inc. Makes steel forms of substandard quality. Tower building company has never bought or used a steel mill form, but
rjkz [21]

The best ground on which the defendant ( Company S ) can dismiss the suit filed by the plaintiff (Company T) is the standing to sue.

<h3>What is standing to sue?</h3>

Standing to sue refers to a situation where the plaintiff who has filed the case must prove with appropriate proof of having damages or injuries in respect of the conduct of the defendant.

In the provided case, Company T has to prove that the products of Company S are actually defective through appropriate evidence. If Company T can't able to prove their alleged claim before the court, then the case is decided in the favor of the defendant party, that is, Company S.

Therefore, the standing to sue can be used as a ground by Company S for dismissing the claim of Company T.

Learn more about the standing to sue in the related link:

brainly.com/question/14820416

#SPJ4

4 0
2 years ago
The investment a company makes in training employees to perform their duties and redesigning products and processes to improve t
Andre45 [30]

Answer:

True

Explanation:

Prevention Cost is the cost which is incurred to avoid the loss due to defects in the products manufactured, here the cost incurred is as follows:

Training employees that is the benefit from training will be reducing cost and improving quality of the product, therefore, it will be considered as prevention costs.

Further cost incurred for redesigning products and processes will improve the quality of the product and the process therefore this cost can also be considered as prevention costs.

Final Answer

The above statement is true.

4 0
3 years ago
The Boxwood Company sells blankets for $ 32.00 each. The following was taken from the inventory records during May. The company
nika2105 [10]

Answer:

(C) $94.00

Explanation:

The computation of the cost of goods sold for the sale of May 20 is shown below:

= Remaining units × cost price + remaining units × cost price

= 4 units × $15 + 2 units × $17

= $60 + $34

= $94

The 4 units come from May 1 and May 10 i.e 9 units - 5 units = 4 units

And on May 20, the 6 units were sold out of which 4 units were sold at price of $15 and rest 2 units were sold at a price of $17

8 0
3 years ago
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