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
pickupchik [31]
3 years ago
9

On February 1, 2020, Bonita Industries purchased a parcel of land as a factory site for $328000. An old building on the property

was demolished, and construction began on a new building which was completed on November 1, 2020. Costs incurred during this period are listed below: Demolition of old building $ 19800 Architect's fees 36400 Legal fees for title investigation and purchase contract 4600 Construction costs 1378000 (Salvaged materials resulting from demolition were sold for $10200.) Bonita should record the cost of the land and new building, respectively, as:____________
a. $342200 and $1414400.
b. $352400 and $1404200.
c. $337600 and $1419000.
d. $337600 and $1414400.
Business
1 answer:
Volgvan3 years ago
3 0
I think is b I hope this helps
You might be interested in
Park & company was recently formed with a $6,900 investment in the company by stockholders in exchange for common stock. the
yKpoI14uk [10]

<u>Calculation of Total Assets:</u>

Total assets based on the given transactions can be calculated as follows:


Cash Received from Investors $6,900

Add: Amount Borrowed from Local Bank $3,900

Add: Supplies Purchased on account $1,190

Add: Equipment purchased $6,900

Less: Cash Paid for purchase of equipment -$2,190


Total Assets = $16,700


Hence based on the given transactions, the company's total assets are <u>$16,700</u>





7 0
3 years ago
The purpose of preventive maintenance is to
JulijaS [17]

Answer:

c

Explanation:

cccccc

3 0
3 years ago
n addition to these monthly expenses, the company will pay a commission to its salespeople equal to 4% of the sales revenue from
drek231 [11]

Answer:

Selling and Administrative Expense budget for first quarter

Details                                      Jan           Feb       Mar           total

Depreciation                         $6,100      $6,100   $6,100     $18,300

Office staff Salaries              $15,250   $15,250  $15,250  $45,750

Advertising                            $610          $610        $610        $1,830

Executive Salaries                $6,100      $6,100   $6,100     $18,300

miscellaneous                      $305           $305     $305         $915

Commission (sales*3%)       $3,294       $6,423  $5,765     $15,482

Bad Debt Expense              $2,196        $4,282  $3,843     $10,321

(sales * 2%)    

Total                                    $33,855     $39,070  $37,973  $110,898

Sales = bricks * selling price of $9

Explanation:

The question is incomplete. below is a complete questions although the 4% commission is 3% and the 3% bad debt expense is 2% on this question.

Question: Crane & Hill Fabricators produces commemorative bricks that organizations use for fundraising...

Crane & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Crane, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $9 each.

January

February

March

April

May

June

12,200

23,790

21,350

29,000

23,000

20,000

Crane & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions.

Depreciation

$6,100

Sales staff salaries

$15,250

Advertising

$610

Executive salaries

$6,100

Miscellaneous

$305

In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 3% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue.

Prepare Crane & Hill's selling and administrative expense budget for the first quarter of the coming year.

4 0
2 years ago
Suppose that California Co., a U.S. based MNC, seeks to capitalize a difference in interest rates between euros and British poun
luda_lava [24]

Answer: See explanation

Explanation:

The loan repayment of the 5000 euros after one month will be:

= 500,000 × (1 + .5%)

= 500,000 × 1.0005

= 502,500

Converting 502500 euros to pounds will be:

= 502500/1.25

= 402,000

Therefore, the pounds remaining will be:

= 612,000 - 402,000

= 210,000 pounds

If California Co. borrowed these euros at the prevailing rate of 0.50% percent, they must repay a total of (502500 euros). At the cross rate of 1.25, this repayment is equivalent to (402,000) pounds. Thus, after repaying the loan, California Co. will have (210,000) pounds.

7 0
3 years ago
__________ are inputs used by organizations. Group of answer choices Raw materials Trademarks Incentives Contingencies Esprit de
asambeis [7]

Raw materials are inputs used by organizations

<h3>What are raw materials?</h3>

They are some of the inputs used to produce an output or products in an organization.

They are products are required by company ] to generate a profit by selling.

Therefore, Raw materials are inputs used by organizations

Learn more on raw materials from

brainly.com/question/511243

3 0
2 years ago
Other questions:
  • A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2
    10·1 answer
  • The traditional view is that the optimum level of inspection is where the
    5·1 answer
  • A code of conduct ________. select one:
    9·1 answer
  • What factors are encouraging financial institutions to offer overlapping financial services such as banking, investment banking,
    12·1 answer
  • Request the entrepreneur to share his/her key success factors and elaborate on this success factors
    15·2 answers
  • Which of the following will be affected if consumers take money out of checking accounts to pay their credit cards?A. M1B. M2C.
    7·1 answer
  • Consider the following information about a simple country that produces two different goods: Year PriceMilk QuantityMilk Price C
    11·1 answer
  • Colin listed his assets and liabilities on a personal balance sheet.
    8·2 answers
  • in times of rising prices, cost of goods sold determined using the lifo inventory assumption typically will be than cost of good
    12·1 answer
  • I want to buy a new car. My choices are a red convertible sports car or a full-size pick-up
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!