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Marta_Voda [28]
3 years ago
7

Information related to plant assets, natural resources, and intangibles at the end of 2020 for Cheyenne Corp. is as follows: bui

ldings $1,110,000, accumulated depreciation—buildings $651,000, goodwill $410,000, coal mine $500,000, and accumulated depletion—coal mine $104,000. Prepare a partial balance sheet of Cheyenne Corp. for these items. (List Property, Plant and Equipment in order of Coal Mine and Buildings.)
Business
1 answer:
Mkey [24]3 years ago
5 0

Answer:

Cheyenne Corp.

Balance Sheet

For the year ended December 31, 2020

<u>Assets</u> ...

Long term assets:

Plant, property & equipment

Coal mine                               $500,000

Acc. depletion, coal mines   <u>($104,000)</u>       $396,000

Buildings                                $1,110,000

Acc. depreciation, buildings <u>($651,000</u>)      <u>$459,000</u>

Total P,P & E                                                                     $855,000

Goodwill                                                                            <u>$410,000</u>

Total long term assets                                                                     $1,265,000              

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Maroc acee Department Store has three departments, and it conducts advertising campaigns that benefit all departments. Advertisi
Taya2010 [7]

Answer:

Department 1: $34,800

Department 2: $56,840

Department 3: $24,360

Explanation:

Statement showing allocation of advertisement expenses based on departmental sales:

Department 1:

Percentage of Total sales = (Department 1 sales ÷ Total sales) × 100

                                           = ($273,000 ÷ 910,000) × 100

                                           = 30%

Allocated amount:

= Percentage of Total sales × Advertising costs

= 30% × $116,000

= $34,800

Department 2:

Percentage of Total sales = (Department 2 sales ÷ Total sales) × 100

                                           = ($445,900 ÷ 910,000) × 100

                                           = 49%

Allocated amount:

= Percentage of Total sales × Advertising costs

= 49% × $116,000

= $56,840

Department 3:

Percentage of Total sales = (Department 3 sales ÷ Total sales) × 100

                                           = ($191,100 ÷ 910,000) × 100

                                           = 21%

Allocated amount:

= Percentage of Total sales × Advertising costs

= 21% × $116,000

= $24,360

6 0
3 years ago
Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic,
PilotLPTM [1.2K]

Answer:

not rescind the contract

Explanation:

According to the given situation, Veronica offers to Rowena to purchase his luxurious sedan by saying that it has been into an accident. After that Rowena hires Laszlo who is a mechanic to repair the sedan. Here Laszlo told Rowena that this sedan is mostly into an accident, after knowing these details Rowena is decided to purchase a car. After some time, Rowena faces a mechanical problem, here she can not break the contract as she already knew that car is have been into an accident mostly.

Therefore, the right answer is she cannot rescind the contract.

4 0
3 years ago
What is my name and who knows it
vodomira [7]

Answer:

goodmorning bbygirl

Explanation:

6 0
3 years ago
Read 2 more answers
A group known as ______________, which included graphic designer wim crouwel, product designer frisco kramer, and graphic and ar
TiliK225 [7]
<span>A group known as Total Design, which included graphic designer Wim Crouwel, product designer Frisco Kramer, and graphic and architectural designer Benno Wissing, was a comprehensive design firm whose goal was to conceive and implement "ideas on design in all fields, in order whenever possible to achieve a unity of thought…in these fields." during the 1960s and 1970s, this firm played a dominant role in dutch design. projects included visual-identity programs, such as the ones for the pam petroleum company and furness holding, and for museum exhibitions with related graphics, book design, signage, and environments.</span>
7 0
4 years ago
On January 1, 20X9 Pathlon Company acquired 30 percent of the common stock of Sopteron Corporation, at underlying book value. Fo
Ksenya-84 [330]

Answer:

increase in investment = 16,500

Explanation:

Given data:

net income $55 000

Gain $40,000

PATHLON SHARE IN SOPTERON 30%

according to Wquity method, the increase in investment can be determined as following

increase in investment = share of net income - dividend

putting all value to get increase in investment value

increase in investment = 55000\times 30% - 0

                                       = 55000\times 0.30

                                       = 16,500

8 0
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