Answer:
$671,300
Explanation:
Calculation to determine Jocasta's adjusted basis in the building.
Adjusted basis =[$750,000-($128,700 - $50,000)]
Adjusted basis=$750,000- $78,700
Adjusted basis = $671,300
Therefore Jocasta's adjusted basis in the building will be $671,300
Answer:
Account receivable on July 31 = $261,800
Explanation:
We would not be making use of the information for June as the question says 60% is collected in the month of sale and 40% is collected in the following month . Therefore as at July 31, all of june sales would have been collected and won't be outstanding
July credit sales = 85% * $770,000 = $654,500
Collected in July (60%) = 60% * $654,500 = $392,700
Receivable as at 31 July = $654,500 - $392,700 = $261,800
Answer:
The correct option is starting to make preliminary decisions about target market.
Explanation:
Ascertaining how the product marketing campaign for the first of product launch is one of the processes of a new product launch as the awareness of the new product must be brought to the attention of would-be customers.
Finalizing marketing mix variables such price,product,place and promotion is also a critical stage of the new product launch.
Determining the price at which the product should sell for is also included in the process of the new product launch,however price is determined with reference to the following points:
Cost of the product with an extra on top of it as mark-up
What customers can afford to pay
What competitors are charging
Corporate objectives
Answer: $4000U
Explanation:
From the information given in the question, the variable overhead efficiency variance is the difference between the actual allocation base times the standard variable rate and the applied variable overhead. This will be:
= $64000 - $60000
= $4000U
Therefore, the variable overhead efficiency variance is $4000U