1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Liam is a computer system analyst and is looking to change to a company that offers more opportunities for advancement. He has j
Katyanochek1 [597]

Answer:

C

Explanation:

Job 1

Annual Income+ Benefits- (annual housing & utility cost)

78,000+4,000-( 1,350*12)= 65,800

Job 2

Annual Income+ Benefits- (annual housing & utility cost)

100,000+2,500-( 3,150*12)=  64,700

Therefore, job 1 is a better choice

5 0
3 years ago
Read 2 more answers
7. Problems and Applications Q7 Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule f
In-s [12.5K]

Answer:

4 houses per month.

Explanation:

Note: See the attached file for the calculation.

Efficient scale of production is can be described as the number of units of production where average total cost (ATC) of production is lowest.

From the attached file, the ATC of $70 is the lowest at 4 houses per month and 4 houses per month is therefore the efficient scale.

Download xlsx
4 0
3 years ago
If beginning inventory is $60,000, cost of goods purchased is $380,000, sales revenue is $800,000 and ending inventory is $50,00
marysya [2.9K]

Answer:

$390000

Explanation:

Given: Beginning inventory= $60000

          Cost of goods purchased = $380,000

          Sales revenue= $800000.

          Ending inventory= $50000.

The Periodic inventory system is used to determine the amount of inventory available at the end of each accounting period.

Cost of goods sold= beginning\ inventory+ cost\ of\ goods\ purchased- ending\ inventory

⇒ Cost of goods sold= 60000+380000-50000

⇒ Cost of goods sold= \$ 440000 - \$ 50000

∴ Cost of goods sold= \$ 390000.

Hence, $390000 is the cost of goods sold under a periodic system.

6 0
2 years ago
The problem now is to decide which contractor to choose.B has indicated that for another $20 million he could do the job in 18 m
Ede4ka [16]

Question: The question is incomplete. See the full question below and the answer.

You are an up-and-coming developer in downtown Seattle and are interested in constructing a building on a site you own. You have collected four bids from prospective contractors. The bids include both a cost ($millions) and time to completion (months):

Contractor    Cost           Time

A                   100             20

B                    80              25

C                    79               28

D                   82                26

The problem now is to decide which contractor to choose. B has indicated that for another $20 million, he could do the job in 18 months, and you have said that you would be indifferent between that bid and the original proposal. In talking with C, you have indicated that you would just as soon pay her an extra $million if she could get the job done in 26 months. Who gets the job? Explain your reasoning. (It may be convenient to plot the four alternatives on a graph.)

Answer:

See the explanation for the answer and find attached of the graph.

Explanation:

So we draw a regression line of Time vs Cost and best fit a curve based on the data given, given in the above figure. The four alternatives are marked in the figure as well. Our main objective is to reduce both time and cost, but that might not be possible So the best thing would be to look for alternatives which lie below the line. If C gets an extra million, then that point would come below the regression line, and it would be a better alternative than D, because for the same time we are getting the job done at a cheaper cost.

Also if B is paid extra 20 million, that point also comes below the regression line, and hence will be a better alternative than A because for the same cost again we are getting the job done earlier. We need to choose between B and C. Now in order to optimise both cost and time, we need to choose a point close to the middle point of the regression line segment in 1st quadrant. We see that C is much more closer to the middle point and hence seems like a better option.

So we choose C as our contractor if we consider B's alternative bid, but if we do not consider B's alternative bid and stick to the original one, we choose B as our contractor.

8 0
3 years ago
At Sam’s Swimming Pool Cleaning, Sam charges each of his 85 customers $25 per week for 52 weeks of service every year. Since poo
Nataly_w [17]

Answer:

$ 62,500

Explanation:

1. calculating weekly revenue: 85 clientX25 dollars

       85x25=2,125.00

 2. Annual income:     2, 125x52=110,500 dollars.                      

3. Annual  expenses: =48,000 dollars

4. Annual revenue:  revenue - expenses=62,500.00

Annual income  dollars: 62,500.00

 

7 0
3 years ago
Other questions:
  • A random sample of voters found that 180 out of 320 people were in favor of a gas tax. election results found that 36,000 people
    15·2 answers
  • True or false? an hie moves health information among organizations while adhering to national standards.
    12·1 answer
  • What might happen to a product when supply is low? A. The price will go up. B. The price will go down. C. The price will stay th
    12·1 answer
  • A parent or guardian taking care of a child by providing food, shelter and clothing is showing
    6·2 answers
  • As Mike says in the video, trainers need to genuinely care about their clients. Ana adds that she learns a lot about people and
    11·1 answer
  • The following questions practice these skills:
    8·1 answer
  • The Cozy Company manufactures slippers and sells them at $ 10 a pair. Variable manufacturing cost is $ 5.75 a​ pair, and allocat
    14·1 answer
  • Which of the following statement(s) is(are) true regarding the selection of a portfolio from those that lie on the capital alloc
    11·1 answer
  • Sara withdraws​ $1,000 from her savings account at the Lucky​ S&L, keeps​ $50 in​ cash, and deposits the balance in her chec
    10·1 answer
  • The loan officer at 2nd National Bank tells Lana she can afford a monthly payment of $1,900 on her new home loan. Assuming this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!