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Olin [163]
3 years ago
12

Bridge City Consulting bought a building and the land on which it is located for $145,000 cash. The land is estimated to represe

nt 60 percent of the purchase price. The company paid $15,000 for building renovations before it was ready for use.
Record all expenditures for the land and buildings assuming all transactions were paid for with cash and occurred at the start of the year.
Compute straight-line depreciation on the building at the end of one year, assuming an estimated 10-year useful life and a $16,000 estimated residual value. (Do not round intermediate calculations.)
What should be the book value of (a) the land and (b) the building at the end of year 2?
Business
1 answer:
nasty-shy [4]3 years ago
7 0
The correct answer is the answer is that the internet
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You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 30-year mortgage for 80 percent of the $
Setler [38]

Answer:

a) 7.2%

b) 7.46%

Explanation:

the loan's principal = $3,200,000 x 80% = $2,560,000

first monthly payment = $17,300 x 360 payments = $6,228,000

total interests charged = $6,228,000 - $2,560,000 = $3,668,000

using a financial calculator:

n = 360

payment = -17,300

present value = 2,560,000

monthly APR = 0.6% x 12 months = 7.2%

effective annual rate = (1 + i/n)ⁿ - 1 = (1 + 0.072/30)³⁰ - 1 = 7.46%

5 0
3 years ago
Businesses are using ______________ and other ways to track goods and control the flow of goods from point of origin to point of
Varvara68 [4.7K]

<span>Businesses are using ______________ and other ways to track goods and control the flow of goods from point of origin to point of consumption. "tracking" is an important part of the process of managing the flow of goods, an activity that marketers call ___________.
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 first blank:RFID (radio frequency identification)
last blank: logistics
5 0
3 years ago
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Harmony reports a regular tax liability of $15,800 and tentative minimum tax of $17,880. Given just this information, what is he
Ksenya-84 [330]

$2,000 is her alternative minimum tax liability for the year. Because Harmony's tentative minimum tax exceeds her regular tax, the $2,000 difference is her alternative minimum tax liability for the year.

<h3>What is Tax Liability?</h3>
  • The amount that a person, company, or other entity owes to a federal, state, or local tax authority is known as their tax liability.
  • The selling of an investment or other item that generates income generally results in the creation of a tax burden. When purchasing items, one may be required to pay a municipal or state sales tax. (Although several nations do, the United States does not impose a national sales tax.)
  • If a person's overall tax debt was nil or if their income was too low to necessitate filing tax returns, they might not have any income tax burden.

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5 0
1 year ago
you just saw a video advertisement that shows an interview with a celebrity who says her life changed for the better when she st
julia-pushkina [17]

Urgency has the advertising company used to persuade you to buy the face cream

What is the Urgency technique?

In order to convince their audience and potential consumers to buy your product or obtain it at the best price, professionals in the field of sales utilize the tactic of urgency. Making clients feel pressured into making a purchase immediately rather than later can assist.

The audience's fear of missing out on something worthwhile, or FOMO, is frequently the target of urgent advertising. Typically, two factors must be combined in order to successfully appeal to this fear of missing out. The adverts often start out by explaining why the product is appealing. Second, they restrict the number of products offered, provide a sale price for a brief period of time, or combine these two standards.

What are the advantages of increasing sales urgency?

Your organization can profit in a number of ways from instilling a sense of urgency in sales. The following are a few of the most typical advantages of building urgency in sales:

assisting clients in taking quick decisions

Increasing sales and the perceived worth of your goods

Increasing consumer interest in your products

providing quick feedback on the effectiveness of sales strategies

simplifying the purchasing process for your clients

lowering the likelihood that buyers will make different choices

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7 0
1 year ago
Joy calls a mobile phone store to enquire about a new phone available in the market. The customer service operator sends him an
blondinia [14]

Answer:

The answer to the question is customer- initiated touch point

Explanation:

In Hank Brigman's submission a touch point is the meeting point between customers and the organization in order to share vital information,negotiate business or zeal up a transaction.

When interaction is initiated by the customer, it is known as customer-initiated  touch point.This is sometimes made possible by referrals from those customers who have  made use of the product in the time past or due to a brand loyalty a product or service commands among its rival products or services.

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4 years ago
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