1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mashutka [201]
2 years ago
15

Kansas Company acquired a building valued at $162,000 for property tax purposes in exchange for 12,000 shares of its $3 par comm

on stock. The stock is widely traded and selling for $19 per share. At what amount should the building be recorded by Kansas Company?
Business
1 answer:
Neko [114]2 years ago
8 0

Answer:

$228,000

Explanation:

Value of the building

= Market price of the shares x Number of shares exchanged

= 12000x$19

=$228,000

You might be interested in
Alice purchased office furniture on September 20, 2018, for $100,000. On October 10, 2018, she purchased business computers for
lana [24]

Answer:

The correct answer is $30,290.

Explanation:

According to the scenario, the computation can be done as follows:

This applies regular MACRs

So, As furniture is the Seven year property,

So, the cost recovery deduction for the furniture = $100,000 × .1429

= $14,290

And The computer is a five year asset

So, the cost recovery deduction for the Computer = $80,000 × .20

= $16,000

So, Total Cost recovery deduction = Cost of recovery deduction for furniture + cost of recovery deduction for computer

= $14,290 + $16,000

= $30,290

Hence, the cost recovery deduction for the business assets for 2019 is $30,290.

8 0
3 years ago
The United States economy is considered by the Institute for Management Development to be the most competitive economy because:_
ziro4ka [17]

Answer:

a. of widespread entrepreneurship.

Explanation:

According to the Institute for Management Development, a business education school that is situated in Lausanne, Switzerland. In its annual rankings on the performance of 63 economies across the globe. In 2018 rated the United States of America as the topmost economy in competitiveness. Based on various data gathered and surveyed, the education school cited "widespread entrepreneurship" as the major reason behind it.

8 0
3 years ago
Suppose you have the following information on Sam's budget. Sam has a yearly budget of $2000 to spend on consuming concert ticke
AleksAgata [21]

Answer:

Bundles                           A           B           C           D

Concert Tickets              80         60         20          0

Books                              0          50        150        200

Explanation:

Since each concert ticket costs $25,

  • if Sam spends $2,000 on concert tickets, he will purchase 80 tickets
  • if he spends $1,500 on concert tickets, he will purchase 60 tickets
  • if he spends $500 on concert tickets, he will purchase 20 tickets

Since each concert ticket costs $10,

  • if Sam spends $2,000 on books, he will purchase 200 books
  • if he spends $1,500 on books, he will purchase 150 books
  • if he spends $500 on books, he will purchase 50 books

6 0
2 years ago
Nipigon manufacturing has a cost of debt of 9 %, a cost of equity of 11%, and a cost of preferred stock of 10%. nipigon currentl
Vanyuwa [196]

the weighted average cost of capital for Nipigon is 0.049716

Calculate the weighted average cost of capital for Nipigon

cost of Equity share= 120,000 x $25= $30,00,000

cost of Preference share= 49,000 x $38= $18,62,000

cost of debt= $9,50,000

Total cost = $30,00,000 + $18,62,000 + $9,50,000

                 = $58,12,000

Weightage

Equity= $30,00,000/$58,12,000= 0.516

Preference=  $18,62,000/$58,12,000= 0.320

Debt= $9,50,000/$58,12,000= 0.164

Rates

Equity = 0.11

Preference= 0.10

Debt= 0.09 (1-0.4)= 0.54

weighted average cost

Equity= 0.516 x 0.11 = 0.05676

preference= 0.320 x 0.10= 0.0320

Debt= 0.164 x 0.54= 0.00886

Total weighted average cost= 0.05676+0.0320+0.00886

=0.049716

What is the weighted average cost method?

A weighted average computation accounts for the varying levels of significance of the numbers in a data collection. A specified weight is multiplied by each value in the data set before the final computation is completed when calculating a weighted average.

Learn more about weighted average cost method: brainly.com/question/8543883

#SPJ4

3 0
1 year ago
Miles uses the allowance method and wrote off the account of james. miles then received $559 as partial payment on the account o
Amanda [17]
<span>The journal entry to record the initial write-off includes is allowance for doubtful accounts. Allowance for doubtful accounts is a contra account to accounts receivable, and therefore has debit balance. It also needs to be diminished because you already used the bad debt when you make the allowance.</span>
6 0
3 years ago
Other questions:
  • Pronghorn Mining Company purchased land on February 1, 2020, at a cost of $856,800. It estimated that a total of 53,100 tons of
    14·1 answer
  • The stock price of company x doubled over the past year, the stock price of company z decreased by over 50%. if the market is ef
    9·1 answer
  • ________________ is a general term used to describe the systems of businesses and organizations that arrange for the financing a
    6·1 answer
  • Expansionary policies are intended to _____ economic growth, and contractionary policies are intended to _____ economic growth.
    15·2 answers
  • In a market economy the factors of production are allocated by
    11·1 answer
  • You have recently accepted a position with Vitex, Inc., the manufacturer of a popular consumer product. During your first week o
    11·1 answer
  • Earley Corporation issued perpetual preferred stock with an 8% annual dividend. The stock currently yields 7%, and its par value
    15·1 answer
  • g efg manufacturing has a product that sells for $15 per unit, and the marginal cost is $5.00. a. compute the lerner index for e
    9·1 answer
  • What causes the Tragedy of the Commons? a. Social and private incentives differ, and common resources are not rival in consumpti
    5·1 answer
  • What is a Need and Want and give some examples
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!