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Nat2105 [25]
3 years ago
7

Riverboat Adventures pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appra

ised at $35,000, a building appraised at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the land.

Business
2 answers:
Luden [163]3 years ago
6 0

Answer:

The cost should allocate to the land is $32,500.

Explanation:

Please see attachment .

netineya [11]3 years ago
3 0

Answer:

Land 32,500

Explanation:

\left[\begin{array}{cccc}&fair \: value&percent&accounting\\land&35,000&0.1&32,500\\bulding&105,000&0.3&97,500\\paddleboats&210,000&0.6&195,000\\&350000&&325000\\\\\end{array}\right]

We will first calcualte the percent of each component of the real state.

Then we multiply by the total cost paid, which is 325,000

This is the amount we should enter the assets into accounting

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Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay
Marrrta [24]

Answer:

the amount of the interest expense associated with the second payment would be $1,954

Explanation:

According to the given data we have the following:

Amount borrowed= $28,000.00

10% interest=$28,000×0.10=$2,800

Therefore, Total outstanding at end of year 1=$28,000+$2,800

Total outstanding at end of year 1=$30,800

Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21, therefore

Net balance at end of year 1= $30,800-$11,259.21

Net balance at end of year 1=$19,540.79

Hence, To calculate the amount of the interest expense associated with the second payment we would have to make the following calculation:

amount of the interest expense associated with the second payment= $19,540.79×10%=$1,954

6 0
3 years ago
Which type of portfolio might a young investor who is not afraid of risk choose?
Nana76 [90]
D) A portfolio with a high percentage of stocks, the higher the percentage rate the higher the risk is to lose money
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3 years ago
Why are business office established​
madam [21]

Answer:

Mark me Brainliest

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A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.

4 0
3 years ago
you have the choice of two equally risk​ annuities, each paying​ $5,000 per year for 8 years. one is an annuity due and the othe
Juli2301 [7.4K]

You have the option of two equally risk​ annuity, each paying​ $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity​ payments, the annuity due would you choose to maximize your​ wealth.

What is an Ordinary Annuity?

An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.

Learn more about Ordinary Annuity here:

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4 0
1 year ago
A company has a process that results in 12,000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
eimsori [14]

Answer:

The correct answer is management should sell Product A now.

Explanation:

According to the scenario, computation of the given data are as follows:

Total production = 12,000 pounds

Sell price = $8 per pound

If process further, Cost = $80,000

Selling price = $14 per pound

So, If we sell the product without further process, than

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And, if we sell the product after further processing, then

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= $88,000.

As, sales value is more in selling the product without further process, so management should sell the product without further processing it.

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3 years ago
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