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FromTheMoon [43]
3 years ago
11

Wen Co. purchased a building for $200,000. Wen paid $20,000 in lawyer and title fees. Wen also paid an additional $15,000 to mod

ify the building in order to accommodate his business needs. Wen should record the cost of the building at: Multiple choice question. $235,000 $215,000 $220,000 $200,000 g
Business
1 answer:
Oksi-84 [34.3K]3 years ago
3 0

Answer:

Cost of the building = $235000

Explanation:

Given  below are the following informations:

Purchased building = $200000

Title fees = $20000

Building modification = $15000

Cost of the building = Purchase price + title fees + modification expense

Cost of the building = 200000 + 20000 + 15000

Cost of the building = $235000

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Which statement describes an hourly wage job? a. Each paycheck is the exact same regardless of number of hours worked. b. Each p
natita [175]

Answer:

The correct answer is c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck.

Explanation:

The salaried worker gives his workforce to another person, who pays him a salary in exchange. It can be said that an employee is an employee of a company or entity, unlike independent or autonomous workers.

Being a salaried worker means having to respect a series of rules and face duties such as meeting the established schedules, respecting their peers and superiors, performing the tasks they have been assigned.

6 0
3 years ago
Read 2 more answers
Eneri Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.20 Purchases: June 18
slavikrds [6]

Answer:

d. $169,200

Explanation:

Total units available for sales = Beginning units + Purchases = 10,000 + 9,000 + 6,000 = 25,000 units

Number of units sold = Total units available for sales - Ending units = 25,000 - 4,000 = 21.000 units

Using LIFO method, cost of good sold can be calculated as follows:

Cost of good sold = (6,000 × $7.00) + (9,000 + 8.00) + (6,000 × $9.20) = $42,000  + $72,000  + $55,200 = $169,200.

Therefore, the cost of goods sold under the LIFO method is $169,200.

6 0
3 years ago
Select the correct answer from each drop-down menu.
hodyreva [135]

Answer: I got half of this one, not all sadly, I know for sure its latent and the second one IS NOT complete.

Explanation:

8 0
3 years ago
Read 2 more answers
g A REIT with 100 shares outstanding earns $1,000 in rent and incurs operating expenses of $400. In addition, the REIT owns prop
anygoal [31]

Answer: $1.90

Explanation:

The dividend payment that has to be made needs to be less than the Earnings per share in order for the REIT to maintain its tax exempt status.

EPS = (Net income - Expenses) / Number of shares

Expenses = Operating expenses + Depreciation

= 400 + (6,000 / 15 years)

= $800

EPS = (1,000 - 800) / 100

= $2.00

<em>The only option less than $2.00 is the first option of $1.90 so this is correct. </em>

5 0
3 years ago
Cushing Manufacturing assigns overhead based on machine hours. The MillingDepartment logs 1,800 machine hours and Cutting Depart
morpeh [17]

Answer:

Explanation:

The journal entry is shown below:

Milling work in progress A/c Dr $9,000

Cutting work in progress A/c Dr $15,000

     To Manufacturing overhead A/c             $24,000

(Being overhead allocation is recorded)

The milling work in progress is computed by

= Milling department machine-hours × $ overhead rate

= 1,800 machine hours × $5

= $9,000

And, The cutting work in progress is computed by

= Cutting department machine-hours × $ overhead rate

= 3,000 machine hours × $5

= $15,000

5 0
3 years ago
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