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Aleks [24]
3 years ago
10

A building with an appraisal value of $129,668 is made available at an offer price of $158,618. The purchaser acquires the prope

rty for $36,973 in cash, a 90-day note payable for $24,989, and a mortgage amounting to $56,481. The cost basis recorded in the buyer's accounting records to recognize this purchase is
Business
1 answer:
Ira Lisetskai [31]3 years ago
5 0

Answer:

$118,443

Explanation:

Calculation to determine what the cost basis recorded in the buyer's accounting records to recognize this purchase is

Using this formula

Cost Basis= Cash + Note payable + Mortgage amount

Let plug in the formula

Cost Basis= $36,973 + $24,989 + $56,481

Cost Basis= $118,443

Therefore the cost basis recorded in the buyer's accounting records to recognize this purchase is

$118,443

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The Assembly Department started the month with 25,300 units in its beginning work in process inventory. An additional 310,300 un
marta [7]

Answer:

305,300 units

Explanation:

The computation of the number of units that should be transferred to the next processing department is given below:

As we know that

Opening inventory +Transferred in inventory = Transferred out inventory + ending inventory

25,300 units + 310,300 units = Transferred out inventory + 30,300 units

So, the Transferred out inventory is

= 25,300 units + 310,300 units - 30,300 units

= 305,300 units

5 0
3 years ago
Consider the following list of accounts: Accounts Payable Cash Prepaid Rent Common Stock Salaries Payable Equipment Supplies Ren
ladessa [460]

Answer:

Four (4)

Explanation:

The normal balances of the listed accounts are as follows.

Accounts Payable: credit balance

Cash: debit balance

Prepaid Rent: debit balance

Common Stock: credit balance

Salaries Payable: credit balance

Equipment: debit balance

Supplies: debit balance

Rent Expense: debit balance

Four of the eight accounts have credit balances.

5 0
3 years ago
The FOMC has instructed the FRBNY Trading Desk to purchase $820 million in U.S. Treasury securities. The Federal Reserve has cur
Yuliya22 [10]

Answer: See explanation

Explanation:

a. . Assume also that borrowers eventually return all of these funds to their banks in the form of transaction deposits. What is the full effect of this purchase on bank deposits and the money supply?

Based on the above scenario, there'll be an increase in bank deposits and money supply by $16.4 billion.

= (1/5%) × $820 million

= (1/0.05) × $820 million

= 20 × $820 million

= 16,400,000,000

= 16.4 billion

b.What is the full effect of this purchase on bank deposits and the money supply if borrowersreturn only 95 percent of these funds to their banks in the form of transaction deposits?

This will lead to an increase in the bank deposits and money supply by $8.2 billion

= [1/(0.05+(1-0.95)] × $820 million

= [1/0.05+0.05] × $820 million

= (1/0.1) × $820 million

= 10 × $820 million

= $8.2 billion

8 0
3 years ago
The party organization is essential because it ______
kompoz [17]
The party organization is essential because it helps party candidates win elections
6 0
4 years ago
Consider the following scenario:
Helen [10]

Answer: 1. Charities

2. Government action the only viable solution

Explanation:

Externalities are the resultant additional effects that are experienced by others as a result of actions by an economic agent who does not bear the extra aformentioned cost or benefit that their actions bring about.

1. Private Solutions to Externalities include any solution independent of the government.

The above Private Solution is Charities because it was a Non-profit Environmental Organization that dealt with the lobbying for the reduction to be acted upon by state agents. These types of organisations are usually Charities.

2. If it is shown that the potential gains are viewed to be quite high as in this case then negotiating with the polluters might not work. In this case Government Intervention is needed to force the polluters to adhere to rules and regulations.

8 0
4 years ago
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