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Ilya [14]
3 years ago
14

Kansas Company acquired a building valued at $150,000 for property tax purposes in exchange for 10,000 shares of its $5 par comm

on stock. The stock is widely traded and sold for $16 per share. At what amount should the building be recorded by Kansas Company
Business
1 answer:
Vinvika [58]3 years ago
7 0

Answer:

$160000

Explanation:

Below is the calculation for the amount that should be recorded.

The actual value of  building = $150000

Number of shares = 10000 shares

The stock is traded at the price = $16 per shares

The Kansas company should record the amount of building = total share x Sell price

The Kansas company should record the amount of building = 10000 x 16

The Kansas company should record the amount of building = $160000 (fair market value or price of shares)

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Answer:

Cost of ownership

Explanation:

The cost ownership includes other elements of cost associated with owning a product eg operating cost.

A common example that comes to mind is the ownership of a car, analysing the total cost of ownership would include cost of fueling and maintaining the car as compared to buying a new brand of car.

It takes someone with foresight to see the bigger picture and look at what the product's real value and cost is over time.

5 0
3 years ago
Read 2 more answers
quizlet joe's applying for a mortgage that meets all of the fannie mae/freddie mac criteria. based on this, how would we classif
Cloud [144]

This loan is best classify as a <u>conventional mortgage loan</u>.

<h3>What is a conventional mortgage loan?</h3>

This refers to a conforming loan which simply means that it meets the requirements for Fannie Mae or Freddie Mac.

This type of mortgages have a fixed rate of interest and means that the interest rate does not change throughout the life of the loan. Also, they are not guaranteed by the federal government and as a result have stricter lending requirements by banks and creditors.

In conclusion, the entities Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages from lenders and sell them to investors.

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5 0
2 years ago
The ending inventory of finished goods has a total cost of $9,000 and consists of 600 units. If
horsena [70]

Answer:

B. $2,000

Explanation:

Given;

Total cost of ending inventory = $9,000

Total number of units = 600

Over heads cost = $3,000 and the overhead rate is 75% of direct labor

Let direct labour cost be y

75% × y = 3000

3y/4 = 3000

y = 4 × 3000/3

y = $4,000

Total Inventory cost = direct material cost + direct labour cost + overheads

9000 = direct material cost + 4000 + 3000

direct material cost = 9000 - 7000

                                = $2,000

8 0
4 years ago
The _________ is the rate of return a firm must earn on its investments in projects in order to
Vadim26 [7]

Answer:

olbs

Explanation:

5 0
3 years ago
Which of these statements is false?
katen-ka-za [31]

Answer:

The false statement is letter "D": Bonds are always less risky than stocks.

Explanation:

A bond is a unit of debt issued by a company to the bondholder and considered tradeable security. A bond has a fixed return since it is paid at a fixed rate. The price of the bond is inversely correlated with the interest rate: when the rate goes up the bond price fall and when the rate falls the bond price goes up. Even if bonds are less risky than stocks, they are not always less risky than stocks.

7 0
3 years ago
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