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Misha Larkins [42]

3 years ago

7

A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000

and to the building of $220,000. As a result, the building’s cost will be booked at:____________

1 answer:

ser-zykov [4K]3 years ago

5 0

$700,000 I hope that helps

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Workforce is defined as . Answer Choices A. employees, volunteers, trainees and other persons whose conduct, in the performance

Marrrta [24]

Answer:

The correct answer the following question is option A) .

Explanation:

In simple words a workforce can be defined as the total number of people or employees who are working for someone or they are on employers payroll . This will include the whole population of the country who are currently working and also the people who are currently unemployed but are looking for a job. So as per the definition we know, the correct option would be A) where workforce would consists of employees, volunteers etc, whose conduct in the performance of work covered entity or business associate, is under direct control of such entities , whether or not they are paid by such entities.

7 0

3 years ago

Waterway Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai

GalinKa [24]

Answer:

Ending inventory is $20,390

Cost of goods sold = $14,190

Explanation:

Given:

Unit sold in April = 450

Beginning inventory = 260 units × $29 = $7,540

Purchased on April 15 = 360 units × $35 = $12,600

Now goods sold is 450 units. Since company follows FIFO, it will sell 260 units @ $29 first and then 450 - 260 = 190 units from goods purchased on April 15.

Cost of goods sold = 7,540 + (190×35)

= $14,190

Closing inventory:

April 15 purchase = 35×(360 - 190)

= $5,950

April 23 purchase = 380×$38 = $14,440

Total closing inventory = 14,440 + 5,950 = $20,390

Cost of goods sold can be verified in the following manner:

Total cost of goods available for sale = $34,580

Ending inventory = $20,390

Cost of goods sold = 34,580 - 20390

= $141,90

6 0

3 years ago

The net income reported on the income statement for the current year was $295,000. Depreciation recorded on fixed assets and amo

maksim [4K]

Answer:

The Net cash is 302.000

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

With the balance data, we get the decrease or increase of the differents accounts.

End Beginning Cash $ 50,000 $ 60,000

Decrease in cash -10000

Accounts receivable 112,000 108,000

Increase in accounts receivable 4000

Inventories 105,000 93,000

inventory increased 12000

Prepaid expenses 4,500 6,500

decreased Prepaid expenses -2000

Accounts payable (merchandise creditors) 75,000 89,000

accounts payable decreased -14000

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Net income 295.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 40.000

+ amortization of patents 5.000

- Decrease in cash (10.000)

- Increase in accounts receivable (4.000)

- inventory increased (12.000)

+ decreased Prepaid expenses 2.000

- accounts payable decreased (14.000)

Net cash 302.000

8 0

3 years ago

Flounder has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods Sold $531,052, Adminis

ella [17]

Answer:

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

Dr Income Summary $745,754

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

Explanation:

Preparation for the year-end closing entries.

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

($843,779+$12,160)

Dr Income Summary $745,754

($531,052+$177,930+$36,772)

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

($855,939-$745,754)

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

5 0

3 years ago

Fundamental areas of management in supply chain operations management include:____________

inessss [21]

Answer:

<u>1.</u> Quality, Inventories, and Processes.

Explanation:

6 0

3 years ago