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hichkok12 [17]
3 years ago
15

On June 25, Snap Repair Service extended an offer of $170,000 for land that had been priced for sale at $194,000. On July 9, Sna

p Repair
Service accepted the seller's counteroffer of $185,000. On October 1, the land was assessed at a value of $278,000 for property tax purposes. On
December 22, Snap Repair Service was offered $296,000 for the land by a national retail chain,
At what value should the land be recorded in Snap Repair Service's records?
Business
1 answer:
OLEGan [10]3 years ago
6 0

Answer: $185000

Explanation:

The value that the land should be recorded in Snap Repair Service's records is at the price of $185000 which is the counteroffer

This is because this is the price that Snap Repair Services paid to get the land. The accounting for the land purchased is a land cost and will be recorded accordingly.

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The amount of a good that buyers are willing and able to purchase at a given price.
inysia [295]

Answer:

Quantity demanded is the amount of a good that buyers are willing and able to purchase at a particular price. Many things determine demand, but only price can determine the quantity demanded of a specific good. If you have the money and are willing to buy 2 ice cream cones a week, at $2 per cone, the quantity demanded would be 2 cones a week. Now, what happens if the price increases to $4 a cone? If you are like most people, the quantity of ice cream cones you demand will decrease as the price rises. In this case, assume your quantity demanded is now only 1 cone a week, which is what you are willing and able to buy. Notice that as the price of the cones increases, the quantity of ice cream cones demanded decreases. This means quantity demanded is negatively related to price-which means they have an inverse relationship. Economists refer to this relationship as the law of demand. The law of demand states that, other things being equal, when the price of a good rises, the quantity demanded of that good falls. The reverse is also true-when the price of a good falls, the quantity demanded of that good rises. The combination of the quantities people are willing and able to buy of a good or service at various prices constitutes a demand schedule. When the demand schedule is graphed, the demand curve is downward sloping.

7 0
2 years ago
If an individual investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock mark
sergejj [24]

Answer:

a. False

Explanation:

A "primary transaction" refers to the selling of <em>new stocks and bonds</em> for the first time towards the public. A great example of this is the "Initial Public Offering" <em>(IPO)</em> which allows "public share issuance."

On the other hand, a "secondary transaction" refers to the<em> trading of investors among themselves.</em> There is no involvement of the issuing companies here. So, this means that if an investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock market,<u> the transaction</u><u> doesn't directly involve the issuing compan</u><u>y.</u> This kind of transaction is then called "secondary."

So, this explains the answer.

8 0
3 years ago
GINNY: I think itâs safe to say that, in general, the savings rate of households in todayâs economy is much lower than it really
zhuklara [117]

Answer:

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Explanation:

6 0
3 years ago
The "double taxation" of corporate income refers to the taxation of corporate income at both the entity-level and the shareholde
grigory [225]

Answer:

The correct answer to the following question is true .

Explanation:

Double taxation refers to a tax principle , according to which income taxes are paid twice from the same source of income. This taxation occurs at both the personal and corporate level and also in the situations when international trade takes place , where income would be taxed twice in two different countries . The reason why double taxation occurs is because a corporation is considered as a separate legal entity from its shareholders.

4 0
3 years ago
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Angelina_Jolie [31]

Answer:

Yes, it is very much important to understand diversity for any kind of business all over the world particularly in the United States today, because it is very much true that we all are not the same in many ways. But managers, many times forget, bypass or surpass this fact. Managers should take individual differences into account, they definitely are required to consider them to get the most and maximum from their workforce. There are many reasons which should be kept in mind while understanding the  diversity. Managing diversity definitely needs a certain atmosphere where people from different cultures, social background, and different in many others aspects like age, education, gender and race etc. can work together effectively with full coordination and cooperation. It enables people to attain their full potential at the workplace. It eliminates and removes all kind of discrimination among workers, moreover, it helps organisation to achieve their aims and goals.   Managers need to manage diversity effectively if they want an increased access to the widest range of abilities, skills and ideas in the today's world. They should also know that the differences among workforce can surely and definitely lead towards misunderstanding, miscommunication and conflict.

4 0
3 years ago
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