Answer:
B. I and II only
Explanation:
I. Regulatory changes allowing institutions to offer more services II. Technological improvements reducing the cost of providing financial services 
 
        
             
        
        
        
Answer:
 $150,150
Explanation:
Total fair value of all assets:
= Land + Building + Paddleboats
= $67,200 + $158,400 + $254,400 
= $480,000
Building accounted for: 
= Fair value of building ÷ Total fair value
= $158,400 ÷ $480,000 
= 33%
Therefore, the building is 33% of the total fair value of assets.
Cost of acquisition of assets: 
= Amount paid + Closing cost to buy out a competitor
= 450,000 + 5,000 
= $455,000
Cost to be allocated to the building: 
= Cost of acquisition of assets × Percent share in total fair value
= $455,000 × 33% 
= $150,150
 
        
             
        
        
        
Answer:
d. $86,400.00
Explanation:
The computation of the  total materials handling cost allocated to the prefab barns is given below:
Total Materials Handling Cost is $228,300
Total is 
= 6600 ×860 + 9600 × 360
= $5,676,000 + $3,456,000
= $9,132,000
Allocation Rate = Total Materials Handling Cost ÷ Total direct labor hours  
= $228,300 ÷ $9,132,000
= $0.025
Now 
Total Materials Handling Cost allocated to prefab barns is 
 = Allocation Rate×  direct albor hours for Modular Homes
= $0.025 ×  $3,456,000
= $86,400
 
        
             
        
        
        
The amount of uncollectible accounts expense recognized on the Year 2 income statement is  $1,830.
Explanation:
- On January 1, Year 2, Grande Company had balance = $69,600  in the Accounts Receivable account 
- Grande provided services = $183,000
- The Allowance for Doubtful Accounts account = $2,600
- The company collected  cash from accounts receivable = $215,500 
- Uncollectible accounts are estimated to be =  1% of sales on account 
- Thus, following calculation gives the desired result,
- Multiply amount of Grande services with 1% sales on account.
- i.e : $183,000 sales on account × 1% = $1,830
- So, the amount of uncollectible accounts expense is $1,830 as the income statement for the 2nd year.
- The reserves are recorded when, the uncollectible accounts expense are debited and credit the allowance for the uncollectible accounts.
- There are many reasons for the uncollectible accounts such as, 
- the debtor's bankruptcy, 
- the inability to get the debtor, 
- fraud, etc
 
        
             
        
        
        
Beginning 12,000 + Purchases 170,000 - Ending 15,000 = 167,000 Direct materials used $ 167,000