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3 years ago

Riverwood Properties bought three lots in a subdivision for a? lump-sum price. An independent appraiser valued the lots as?

Business

1 answer:

Law Incorporation [45]3 years ago

8 0

Answer:

Explanation:

The cost allocation of each lot is presented below:

(A) (B) (A × B)

Lot Appraised Value Percentage Purchase value Allocated cost

Lot 1 $76,500 15% $355,000 $53,250

Lot 2 $229,500 45% $355,000 $159,750

Lot 3 $204,000 40% $355,000 $142,000

Total $510,000 100% $355,000

Now the journal entry would be

Land - Lot 1 $53,250

Land - Lot 2 $159,750

Land - Lot 3 $142,000

To Cash A/c $355,000

(Being the lots are purchased for cash)

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Entity B bought equipment for $240,000 on January 1, 2021. It estimated the useful life to be 3 years with no salvage value, and

mezya [45]

Answer:

Part 1

Revised depreciation expense = $32,000

Part 2

The entry to record depreciation expense :

Debit : Depreciation Expense $32,000

Credit : Accumulated Depreciation $32,000

Explanation:

Straight line method charges a fixed depreciation charge over the year of use of an asset.

<em>Depreciation expense = (Cost - Salvage Value) ÷ Estimated Useful Life</em>

2021

Depreciation expense = $80,000

2022

Old Depreciation expense = $80,000

New Depreciation expense = Depreciable Amount ÷ Remaining Useful Life

= ($240,000 - $80,000) ÷ 5

= $32,000

7 0

3 years ago

The companies that measure the program audiences of TV and radio stations for advertisers and broadcasters are known as

dusya [7]

Answer:

Rating Services

Explanation:

Rating Services are forms of media infographic services that assess and calculate the program audiences of Television and radio stations for various advertisers and broadcasters by selecting a representative sample of the market and then provide detailed data on the quantity and qualities of the viewers or listeners.

Hence, the right answer is Rating Services.

4 0

3 years ago

Global Tek is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 16 percent

Tpy6a [65]

Answer:

The value of the stock is $2.558

Explanation:

We need to calculate the present value of future cash flows to calculate the Stock value

First Calculate each year's Dividend

Use the following formula to calculate the expected dividend

Expected Dividend = Current Dividend x ( 1 + Growth rate )^n

Year ______ Working _________ Dividend

1 ______ $0.20 x ( 1 + 16% )^1 ____ $0.232

2______ $0.20 x ( 1 + 16% )^2 ____ $0.269

3______ $0.20 x ( 1 + 16% )^3 ____ $0.312

4______ $0.20 x ( 1 + 16% )^4 ____ $0.362

5______$0.362 x ( 1 + 3.5% ) _____$0.375

Now calculate the present value of each year's dividend using following formula

PV = Dividend / ( 1 + required rate of return )^numbers of years

Year _____ Working ______________________ PRESENT VALUES

1 ______ $0.232 / ( 1 + 15.5% )^1 _____________ $0.201

2______ $0.269 / ( 1 + 15.5% )^2 _____________$0.202

3______ $0.312 / ( 1 + 15.5% )^3 _____________ $0.203

4______ $0.362 / ( 1 + 15.5% )^4 _____________$0.203

5______$0.375 / (15.5% - 3.5% ) ) / ( 1 + 15.5% ) __$1.749

Now calculate the sum of present value of all the dividends

Value of stock = $0.201 + $0.202 + $0.203 + $0.203 + $1.755

Value of stock = $2.558

8 0

2 years ago

2.what are some of the reasons people don’t manage their money well for the future?

Flura [38]

1) They are young and not so smart o( just a saying), 2) They think they will be rich forever and forever be on top of the world, 3) Ignorance or following the wrong financial advice, 4) Instead of them wisely taking care of their finances, they put it in other people's hands, who of course abuse it as well or take advantage. :)

5 0

3 years ago

Requirements analysis is a process in which stakeholders identify the features that a project will need and then prioritze them

Nonamiya [84]

I will assume this is a true or false question, the answer is true. Requirements analysis, likewise called requirements engineering, is the way toward deciding client desires for another or altered item. These elements, called necessities, must be quantifiable, significant and point by point. In programming building, such necessities are frequently called utilitarian particulars.

6 0

2 years ago