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Dmitriy789 [7]
4 years ago
13

Use the following data to determine the total dollar amount of assets to be

Business
1 answer:
gavmur [86]4 years ago
4 0

Answer:

=$350,000

Explanation:

Property, plant, and equipment are the tangible long-term fixed assets of a company. The total of PPE is the sum of all fixed long term assets minus accumulated depreciation.

There are fixed assets hence will appear on the asset side of the balance sheet. For Koonce Office Supplies, PPE will include

Land : $180,000

Buildings: $210,000

Total = $180,000 + $210,000

Total = $390,000

less accumulated depreciation

=$390,000 -$40,000

=$350,000

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the palace restaurant purchases goods from pluto restaurant supply house on a regular basis. pluto breaches the contract with pa
anzhelika [568]

The Palace Restaurant purchases goods from Pluto Restaurant Supply House on a regular basis. The remedy that is NOT available to Palace is option(c)i.e, Reclaim the goods from Pluto's other customers.

Goods are elements, items, merchandise, or possession that associations sell, and in turn, customers purchase these merchandise to fill a want or need. The Palace Restaurant purchases goods from Pluto Restaurant Supply House on a regular basis. The remedy that is NOT available to Palace is to reclaim the goods from Pluto's other customers.

Supply is the capacity of the amount or aid a trade has to offer to allure clients at the stage. For a tangible, block and weapon that shoots store, this wealth is the stock a trader holds on their premises and inside warehouses that it can move to clients. Supply is important because Organizations depend on suppliers to support the various raw materials to form their output.

To know more about Supply refer to: brainly.com/question/13296654

#SPJ4

The complete question is:

The Palace Restaurant purchases goods from Pluto Restaurant Supply House on a regular basis. Pluto breaches the contract with Palace when Pluto runs out of the cooking equipment Palace agreed to purchase. What remedy is NOT available to Palace?

a. Right to cancel the contract

b. Purchase substitute goods from another party

c. Reclaim the goods from Pluto's other customers

d. Recover incidental damages

6 0
1 year ago
When the Federal Reserve decreases bank's reserves through an open-market operation: ____________
Sedbober [7]

Answer:

d. the monetary base decreases, loans decrease, and the money supply decreases.

Explanation:

In the case when the federal reserve reduce the reserve of the bank via open market operation so it would be resulted in decrease in the monetary base, reduction in the loan and the reduction in the money supply. Overall, all three things would be decrease

Therefore as per the given situation, the option d is correct

And the same would be  relevant

8 0
3 years ago
If you cannot make a tax payment in full, what is the BEST next step to take?
alexira [117]

Answer:

Contact the IRS to see if there is a payment plan that works for you.

Explanation:

In a situation where someone determines that they cannot pay the tax liability, it is advisable to still file the tax return by the stipulated deadline. Additionally, contact the Internal Revenue Services(IRS) and explain your situation; they most likely have other payment plans that would work for you. Ignoring the tax bill and hoping that IRS will overlook it can lead to penalty; this might be very costly.

8 0
3 years ago
Which of the following statements is true of global agnostics?
astraxan [27]

Answer:

C. They are most likely to lead anti-globalization demonstrations.

Explanation:

A. Are global citizens. Favours international brands.

B. This refers to Antiglobals. Doesn't like international brands because of their skepticism towards their quality.

C. Refers to Global Agnostics. Prefers national and local brands.

D. Are global dreamers.  Favours international brands.

3 0
4 years ago
Lakeland Consulting purchased computer equipment for $10,000. Lakeland made a $2,000 down payment with the balance due within 90
natta225 [31]

Answer:

Increase in assets of $8,000 and an increase in liabilities $8,000

Explanation:

The effect of the transaction is shown below with the help of the accounting equation

Liabilities + Owner equity = Assets

$8,000       + 0                        = $8,000

($10,000 - $2,000)

Therefore from the above calculation,  we can see that there is an increase in assets also there will be an increase in liabilities but no effect on stockholder equity

3 0
3 years ago
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