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ss7ja [257]
2 years ago
11

These are selected account balances on December 31, 2020. Land (location of the office building) $97000 Land (held for future us

e) 152000 Corporate Office Building 675000 Inventory 182000 Equipment 457000 Office Furniture 135000 Accumulated Depreciation 427000 What is the total net amount of property, plant, and equipment that will appear on the balance sheet
Business
1 answer:
Artyom0805 [142]2 years ago
4 0

Answer:

$937,000

Explanation:

Calculation to determine the total net amount of property, plant, and equipment that will appear on the balance sheet

Land (location of the office building) $97000

Add Office Building 675000

Add Equipment 457000

Add Office Furniture 135000

Less Accumulated Depreciation (427000 )

Total Net Amount $937,000

Therefore the total net amount of property, plant, and equipment that will appear on the balance sheet is $937,000

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In marketing, the term __________ is used to describe the number of stores in a geographical area—and type of intermediaries to
HACTEHA [7]

The answer would be geomarketing. The type of intermediaries that can be utilized are as follows:

1. retailers- outlets that trade directly to household customers

2. wholesalers- their main purpose is to sell to retailers

3. distributors- similar to wholesalers but sell one line of product only

4. agents- main purpose is to act as the main representative of the company

4 0
2 years ago
On December 31, the company estimates future sales refunds to be $900. As of that date, the company has an unadjusted debit bala
Deffense [45]

Answer:

Dr Allowances for sales returns     $600

Cr Sales refund payable                             $600

Being increase sales refund estimate

Explanation:

The sales refund account is liability account that should naturally have a credit balance.

In the current period the balance in the sales refund payable account should be $900 in total,but there is a balancing credit amount already in the account,intuitively, the amount needed to raise the balance in the account to $900 is $600.

The necessary entries required for the sales refund payable is shown below:

Dr Allowances for sales returns     $600

Cr Sales refund payable                             $600

Being increase sales refund estimate

There is no adjusting entry to accounts receivable as that deals with receipt  of cash from sales transactions and not the actual sales transactions.

When the refund is eventually settled with cash, a debit is posted to sales refund payable and a credit to cash account

7 0
3 years ago
Daphne contracts with speedy builders inc. To construct a six-foot fence around her yard. Daphne’s neighbor rando is delighted b
baherus [9]

If previously there was a letter of agreement, then Daphne can sue the builder quickly for violating the agreement. but if there is no written agreement then Daphne cannot sue the builder quickly.

An employment agreement or work contract is an agreement made by a worker with a company which is carried out orally or in writing. Usually, the employment contract is valid for a certain time or an indefinite time. The things discussed in it are, terms of work, rights and obligations.

  • A valid employment contract must meet the following criteria and requirements.
  • There are Workers and Employers
  • Work Implementation Information
  • Specific Time Information
  • Number of Wages Received
  • Mutual agreement
  • Authority Information
  • Have Objects Clearly Organized
  • Must be in accordance with the Law

You can learn more about employment agreement here brainly.com/question/28387425

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6 0
1 year ago
Why is it difficult for most small business owners to raise the capital needed to start, operate, or expand their ventures?
Andre45 [30]

Answer:

1. It is not easy to get funds for a start up, as many banks do not consider it as a successful decision to provide loan to a start up, as the feasibility of recovery of loan cannot be identified and guaranteed.

2. Venture capitalists also faces the same issue as of bank, also they are large equity investors and tend to invest in even larger project.

3. Private investors do not blindly invest and rather are more cautious then banks or venture capitalists, as because they do not huge funds to invest, and with less amount of investment they need even higher assurance.

4. Public stock is never available for a start up as for public stock issue you need great credibility, and good previous record.

4 0
2 years ago
You are analyzing an investment property. You forecast the effective gross income to be $396,000. The operating expenses for thi
3241004551 [841]

Answer:

<em> $220,000</em>

Explanation:

Given:

Effective Gross Income(EGF) : $396,000

Operating Expenses(OE) : $176,000 ( Including $4,400 reserve for replacements)

To Find Net Operating Income(NOI):

NOI = EGF - OE

NOI = $396,000 - $176,000

NOI = $220,000

So the Net Operating Income is $220,000

7 0
2 years ago
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