_____ is a process in which managers and employees at all levels set objectives for what they are to accomplish

E10-1 On March 1, 2021, Beldon Corporation purchased land as a factory site for $60,000. An old building on the property was dem

Keith_Richards [23]

Answer:

The amounts that Beldon should capitalize as the cost of the land and the new building is $64,900 and $528,500 respectively

Explanation:

The computations are shown below:

For land:

= Purchase value of the land + Demolition of old building + Legal fees for title investigation of land - Salvaged materials

= $60,000 + $4,500 + $2,500 - $2,100

= $64,900

For building:

= Architect’s fees (for new building) + Construction costs + Interest on construction loan

= $13,000 + $510,000 + $5,500

= $528,500

4 0

3 years ago

As utility companies tend to serve a whole market exclusively, they are known as ______ because the governments involved believe

kykrilka [37]

Natural monopoly tends to serve a whole market exclusively.

<h2>What is Natural Monopoly?</h2>

A natural monopoly is a sort of monopoly that frequently arises as a result of the high start-up costs or considerable economies of scale of operating a business in a particular industry, which can result in significant barriers to entry for potential competitors. In a certain sector or region, a corporation with a natural monopoly might be the exclusive supplier of a given good or service. In industries that need specialized technology, raw materials, or other elements to function, natural monopolies may develop.

<h3>Key Features of Natural Monopoly</h3>

A natural monopoly is a special kind of monopoly that develops when there is only one company that can effectively provide the service in a particular area due to high start-up costs and considerable economies of scale.
A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region.
Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.

Learn more about Natural monopoly here:

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7 0

1 year ago

Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before l

stealth61 [152]

<u>Solution and Explanation:</u>

The total amount of cash available for safe payments would be $25,000 (90,000 - 60,000 - 5,000). This amount will be distributed between Henry and Jacobs in the ratio of 6:4 meaning that $15,000 (25,000*60%) will be given to Henry and $10,000 (25,000*40%) will be given to Jacobs.

The value of $120,000 will be distributed to the partners as follows:

Henry Issac Jacobs

Equity 80,000 110,000 140,000

Less Loss on Assets 36,000 72,000 72,000

Liquidation Expenses 1,000 2,000 2,000

Balances 43,000 36,000 66,000

Less Distribution

of Safe Payments to Partners 15,000 0 10,000

Net Balances $28,000 $36,000 $56,000

4 0

3 years ago

Dave and Kelly are discussing how quickly products now become obsolete in their industry. David believes this will make it more

Paha777 [63]

Answer: Incorret

Explanation: This is incorrect because the more information we have about the market and the obsolescence time of our products, the better we will be able to coordinate the marketing strategy so that the time spent will be paid with greater profits in the future.

For example, appliances affected by competition or improvements become appliances that replace the previous ones if you do not evaluate the obsolescence time of these items, it is likely that when our product is launched, there is already a better one in the market.

6 0

3 years ago

A seller received a rental payment of $100 in advance. At closing, the seller has "earned" only $32 of this rent. What should ap

allsm [11]

Answer:

$68 appears as the amount unearned but received (or still paid in advance) in the closing statement

Explanation:

Amount received in advance = $100

Amount earned = $32

Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned

Amount (in advance at closing) = $100 - $32

= $68

The amount that will appear in the closing statement as rental payment still in advance is $68.

3 0

3 years ago