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Ulleksa [173]
3 years ago
13

lpine Company solicited bids from several contractors to construct an addition to its office building. The lowest bid received w

as for $1,200,000. Alpine decided to construct the addition itself at a cost of $1,100,000. What amount should be recorded in the building account?
Business
1 answer:
Virty [35]3 years ago
6 0

Answer:

The amount recorded in the building account will be $1,100,000.

Explanation:

Alpine company has asked for bids from various contractor to construct additions in its office building. many contractors replied with a bid offer among which the lowest was $1,200,000. Alpine decided to construct additions itself at a lower cost than the bid received. The amount which is recorded in office building account will be $1,100,000 at which the company has agreed to construct. The accounts of a company should reflect actual expenditures so the amount of $1,100,000 will be actual expenditure of construction which Alpine Company has determined.

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You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .6 percent per year, co
kolezko [41]

Answer:

Total interest paid = $606.63

Explanation:

First calculate the monthly payment for first six months

Monthly interest for first 6 months =.006/12=.0005

= 6500*(1.0005)^6

=6519.52

Interest rate for next six months

=17.37%/12=1.45%

(1.0145)^6=1.090054

=6519.52*(1+.0145)^6

=7106.63

Total interest paid = 7106.63-6500  

Total interest paid = 606.63

7 0
3 years ago
There are many factors that affect an organization. Which factor influences an organization’s structure?
g100num [7]

"Although many things can affect the choice of an appropriate structure for an organization, the following five factors are the most common: size, life cycle, strategy, environment, and technology."

3 0
3 years ago
To improve customer service in its overseas call center, jansen electronics decided to investigate the call center practices of
stepan [7]

This illustrates <u>"benchmarking".</u>

Benchmarking is a procedure of estimating the execution of an organization's items, administrations, or procedures against those of another business thought to be the best in the business, otherwise known as "best in class." The purpose of benchmarking is to distinguish interior open doors for development. By considering organizations with unrivaled execution, separating what makes such prevalent execution conceivable, and after that contrasting those procedures with how your business works, you can actualize changes that will yield huge upgrades.  

8 0
4 years ago
Suppose that in some country the price of silver increased from $30 per ounce to $31 per ounce during a time when the overall pr
mamaluj [8]

Answer:

b. decreased.

Explanation:

The price of silver increased by $1. The overall price increased by 5% = 1.05 × $30 = $31.50.

Therefore, the price of silver should be $31.50 but it is $31. This indicates that the real price of silver fell.

I hope my answer helps you

5 0
3 years ago
Cosima has been a buyer for Harvest Mist, a large cranberry processor, for several years. Believing that she knows a great deal
Dafna1 [17]

Answer:

Broker

Explanation:

A broker can be defined as an individual or a firm that acts as an intermediary between two or more entities undergoing a business exchange, usually a buyer and a seller. They act as intermediary between buyers and sellers to facilitate securities transactions. They are compensated via commissions after the transaction has been successfully completed. In this case, Cosima wants to be asking as an intermediary between the growers and processors in order to facilitate their business exchanges.

3 0
3 years ago
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