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
Jobisdone [24]
3 years ago
7

At what value should the land be recorded in clementine repair service records?

Business
1 answer:
adell [148]3 years ago
6 0

Answer: $369,500

Explanation:

The Cost concept of accounting calls for the recording of Assets at their cost.

Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.

The seller countered with $369,500 and Clementine accepted this.

This means that Clementine bought the land for $369,500 which makes it the cost price.

They should therefore record it at $369,500.

You might be interested in
Calculate the cost price of one of the following if 10 pencils = $ 110.00
mina [271]

Answer:

The pencils are 11 dollars.

Explanation:

110/10 is 11

11 times 10 is 110

11 + 11 + 11 + 11 + 11 + 11 + 11 + 11 + 11 + 11 = 110

6 0
3 years ago
Read 2 more answers
During December, the production department of a process operations system completed and transferred to finished goods a total of
kati45 [8]

Answer:

$3 per unit

Explanation:

The computation of the direct materials cost per equivalent unit is shown below:

Completed and transferred to finished goods  65,000 units  

Equivalent number of additional units in process 15000 units

Beginning inventory material cost $57,500

Direct material cost incurred $183,000

Total direct material cost $240,500 ($57,500 + $183,000)

ANd, the total units is  80,000 (65,000 + 15,000)

So, the direct material cost per equivalent unit is

= $240,500 ÷ 80,000 units

= $3 per unit

3 0
2 years ago
A horse was galloping at a speed of 50km/h for the first 12 minutes. For the next x minutes, the horse became fatigued, and its
loris [4]

Answer:

16km Answer

see image for solution

8 0
3 years ago
Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contain
dem82 [27]

Complete question:

Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,550; Janish Company, balance $1,580; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases Payments Returns  

Hale Company $6,529 $5,972 $ -0-  

Janish Company   5,066   2,087 2,215  

Valdez Company   6,647   6,790   -0-

What is the January 1 balance in the Freeze Company subsidiary account?

What is the January 31 balance in the control account?

Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$

Which January transaction would not be recorded in a special journal?

Solution:

What is the January 1 balance in the Freeze Company subsidiary account?

8,170 - 2,550 - 1,580 = 4040

What is the January 31 balance in the control account?

8,170 + 6,529 + 5,066 + 6,647 - 5,972 - 2,087 - 6,790 - 2,215 = 1,995

Compute the balances in the subsidiary accounts at the end of the month.  

Hale 2,550 + 6,529 - 5,972 = 3,107

Janish 1,580 + 5,066 - 2,087 - 2,215 = 2,344

Valdez 4040 + 6,647 - 6,790 = 3,897

Which January transaction would not be recorded in a special journal?

Returns Purchases Payments

The purchase return for Brown of $2,215

6 0
3 years ago
All of the following are qualities of certification programs except:
Rufina [12.5K]

Answer:

A

Explanation:

nor sure but I think this is the right one

6 0
3 years ago
Other questions:
  • Determine if the people in the example have benefited (i.e., are winners) or have been harmed (i.e., are losers) by unexpected i
    14·1 answer
  • An opportunity has the following four essential qualities: ________.
    5·1 answer
  • Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inven
    11·1 answer
  • MTB Industries currently pays an annual dividend of $1.50 per share, and it is expected that these dividend payments will contin
    6·1 answer
  • Determine the annual financing cost of a 6-month (182-day) 20,000 discounted bank loan at a stated annual interest rate of 10 pe
    10·1 answer
  • 1. The efforts of one good worker
    13·1 answer
  • Explain the importance of decision making in management
    12·1 answer
  • As little as
    6·1 answer
  • Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accou
    9·1 answer
  • Consider the following financial statement information for the Hop Corporation:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!