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Masja [62]
3 years ago
10

On June 25, Ritts Roofing extended an offer of $250,000 for land that had been priced for sale at $300,000. On July 9, Ritts acc

epted the seller’s counteroffer of $275,000. On October 1, the land was assessed at a value of $280,000 for property tax purposes. On December 22, Ritts was offered $305,000 for the land by a national retail chain. At what value should the land be recorded in Ritts Roofing's records? $ fill in the blank 1
Business
1 answer:
Kisachek [45]3 years ago
3 0

Answer:

$275,000

Explanation:

The computation of the value that should the land be recorded is shown below:

= Value at which rits accepted the counteroffer of the seller

= $275,000

Hence, the alue that should the land be recorded is $275,000

Basically it records the cost value as per the cost concept

The same should be considered

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A new investment opportunity for you is an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5%
faltersainse [42]

Answer:

$1,565.48

Explanation:

This is an annuity due type of question since the recurring payments are made at the beginning of each year unlike Ordinary annuity whose payments occur at the end of each period.

With a financial calculator on beginning mode "BGN", use the following inputs to find the PV;

Total duration of investment; N = 3

Recurring payment; PMT = 550

Interest rate; I/Y = 5.5%

One time cashflows; FV = 0

then compute for Present value ; CPT PV = 1,565.476

Therefore, the most you should pay is $1,565.48

6 0
3 years ago
According to an SEC investigation, Computer Associates, one of the world's largest software companies, backdated contracts to bo
professor190 [17]

The statement, "According to an SEC investigation, Computer Associates, one of the world's largest software companies, backdated contracts to boost the company's reported revenues. This is not prescribed as an ethical business practice." is True .

Option a

<u> Explanation: </u>

To thrive in the competitive world of business one has to have ethics in doing business.  By doing ethical practices in the business it will boost the image of the company before the customer and it will be helpful for them to compete in the market.

From the above statement even though it is the world's largest software company it has backdated the projects contracts period to show better performance in the revenues.

Even though the project are genuine but the moral responsibility in reporting revenues  to the investors take taken a dent by doing an unethical thing.

6 0
3 years ago
What are some of the barriers to good communication?
BigorU [14]
The use of jargon. ...
Emotional barriers and taboos. ...
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7 0
4 years ago
If the consumer price index was 170 in one year and 180 in the next year, then the rate of inflation is approximately:
aliina [53]
Well the answer is quite easy just count From 170 to 180 and that leaves u with 10 so ur answer is ten
8 0
3 years ago
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The triple-bottom-line philosophy says that: companies should treat their local, national, and global customers fairly. business
alexandr1967 [171]

Answer: companies should try to support the economic, social, and environmental spheres of sustainability.

Explanation:

The triple bottom line is simply an accounting framework that consist of three parts which are the social, financial and the environment.

The triple bottom line philosophy says that organizations should not only focus on the financial aspect(profit) alone but should also focus on the environment and the social aspect of the society.

Therefore, the triple-bottom-line philosophy says that companies should try to support the economic, social, and environmental spheres of sustainability.

3 0
3 years ago
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