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likoan [24]
3 years ago
13

A company acquired an office building on three acres of land for a lump-sum price of $3,150,000. The building was completely equ

ipped. According to independent appraisals, the fair values were $1,680,000, $2,800,000, and $1,120,000 for the building, land, and equipment, respectively. At what amount would the company record the building
Business
1 answer:
Furkat [3]3 years ago
6 0

Answer:

$1,680,000

Explanation:

Based on the information given we were told that the fair value of the building was the amount of $1,680,000 which means that the amount that the company would record the building is the fair value amount of $1,680,000.

Therefore the amount that the company would record the building is $1,680,000.

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An industry that has many companies offering the same basic product, but with some slight difference is
mario62 [17]

An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.

Monopolistic competition is found in industries where slight differences of a product is possible but they basically offer the same thing. A few examples of monopolistic competition are those in the restaurant or hospitality career field. These businesses offer food or hotel rooms which are what their competitions offer as well, but what they include within their packages or their food offerings may differ.

6 0
3 years ago
Doodle Corporation, a manufacturer of safety pins, decided that the company had to increase the awareness of its glow-in-the-dar
kow [346]

Answer:

Objective and task budgeting method

Explanation:

The objective and task method refers to a budgeting method where a business allocates a certain marketing budget in order to achieve specific objectives, instead of simply allocating a marketing budget based on percentage of sales revenues.

Doodle set its specific goals:

  • increase the sales of its basic steel pins by 10%
  • increase the awareness of its glow-in-the-dark pins

And then it allocated $1.5 million for marketing expenses.  

8 0
3 years ago
Sunshine Blender Company sold 3000 units in October at a sales price of $45 per unit. The variable cost is $25 per unit. Calcula
Alekssandra [29.7K]

Answer:

Total contribution margin= $60,000

Explanation:

Giving the following information:

Units sold= 3,000

Selling price per unit= $45

Unitary variable cost= $25

First, we will calculate the unitary contribution margin:

Unitary contribution margin= 45 - 25= $20

Now, total contribution margin:

Total contribution margin= 3,000*20= $60,000

5 0
3 years ago
As one builds higher, building costs ____, while warehousing equipment costs tend to ____. Group of answer choices Increase; dec
Misha Larkins [42]

Answer:

The correct answer is the second option: Decrease; Increase.  

Explanation:

To begin with, in the construction area the managers understand that when the company starts to build higher the building costs decrease due to the fact that is now working with bigger numbers so that means that the volumen of equipment, materials and commodities are high enough to decrease the costs due to the volumen managed, meanwhile the warehousing equipment costs tend to increase due to the same reason as before, now the company is working with bigger numbers so that means more equipment, materials and commodities to put in bigger warehouse and for more time.

7 0
3 years ago
Is anyone else bored? or is it just me?
choli [55]

Answer:

same here just awake hehe

6 0
3 years ago
Read 2 more answers
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