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Alecsey [184]
4 years ago
12

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]4 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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Don works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through plann
eimsori [14]

Answer:

Managing

Explanation:

Managing involves effectively utilising an organisation's resources and bringing employees together to meet set goals and objectives.

Good management helps create a dynamic team where employees collaborate and give their best to achieve collective goal.

Roles are well defined and review and planning is done to effectively drive the team to success.

6 0
3 years ago
Which of the following is a benefit of using a budget
Genrish500 [490]
Can you provide potential answers? And in case you need a written answer here is one that is not plagiarized!

Budgeting helps you track what you spend and helps you save money. When you are on a budget, you make better financial decisions and spend smarter.

If you need anything else. Let me know!

Hope this helped.
7 0
3 years ago
1. which industry controlled the politics and economy of texas for most of the twentieth century?
Zigmanuir [339]

Oil production industry controlled the politics and economy of texas for most of the twentieth century.

In macroeconomics, an industry is a sector of the economy that produces a set of closely related goods, goods, or services. For example, we can mention the timber industry or the insurance industry.

Industries are subject to various types of risks arising from a volatile macroeconomic environment, technological change, politically induced tariffs, competitive threats and other reasons. These can adversely affect the profitability, sales, cash flow, growth and stock price of companies within each industry group.

Texas is a state in the south central United States. With 268,596 square miles and over 29.1 million residents as of 2020, the state is the second largest state in the United States by area and population.

Learn more about industry  brainly.com/question/26521390

#SPJ4

4 0
2 years ago
Assume the following information for Thomas Company:
zubka84 [21]

Well if you want to know that you have to do this:

-----------------------------------------------------------------------------

Margin per chair = $80

Machine hours to produce 1 chair = 2 hours

Multiply: 80 x 2 = 160

Deluxe Chair: 160

------------------------------------------------------------------------------

Margin per chair = $90

Machine hours to produce 1 chair = 4 hours

Multiply: 90 x 4 = 320

Executive Chair: 320

--------------------------------------------------------------------------------

Contribution Margin: $90 and $80

Add: 90 + 80 = 170

Contribution Margin: $170

---------------------------------------------------------------------------------

Machine Hours: 2 and 4

Add: 2 + 4 = 6

Machine Hours: 6 hours

---------------------------------------------------------------------------------

So, their is $170 contribution margin per 6 hours.

Hope this helps XD

6 0
4 years ago
Cole has a cold. Although the brand-name drug is more expensive than the generic, he buys the brand-name one. Cole is familiar w
Semmy [17]

Answer:

<u>less risk</u>

Explanation:

Note: <u>The question appears to be incomplete. Another similar question has been attached for reference purpose and the answer provided herein is based upon that</u>.

It is common consumer behavior of sticking to a brand name despite another lower cost option providing the same base or constituent. Particularly in case of necessities, the law of demand i.e lower price higher demand fails as consumer would prefer being exposed to lesser risk no matter whatever be the cost.

In the given case, the consumer i.e Cole prefers going with a brand name as it provides him with a higher degree of assurance as the brand has a certain reputation attached to it which the other generic option lacks.

Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.

Thus, Cole's decision is attributable to <u>less risk.</u>

4 0
4 years ago
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