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
Alina [70]
2 years ago
6

Swifty Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Swifty Inc. has a book value of

$57000 and a fair value of $92000. The asset given up by Blossom Co. has a book value of $122000 and a fair value of $107000. Boot of $27000 is received by Blossom Co. What amount should Swifty Inc. record for the asset received
Business
1 answer:
Bad White [126]2 years ago
6 0

Answer:

$84,000

Explanation:

Calculation for What amount should Swifty Inc. record for the asset received

Using this formula

Assets received=Book value+ Boot received

Let plug in the formula

Assets received= $57,000+ $27,000

Assets received=$84,000

Therefore the amount that Swifty Inc. should record for the asset received is $84,000

You might be interested in
Warephase Corporation has preferred stock outstanding. The stock has a 16% dividend rate. The stockâs market price is $80 per sh
alina1380 [7]

Answer:

The cost of the company’s preferred stock financing is 15.7%

Explanation:

In this question, we are asked to calculate a company’s cost of preferred stock financing.

Firstly, we calculate the annual dividend of the company.

Mathematically, that is equal to dividend rate * par value

From the question, dividend rate is 16% while par value is $75

Thus, Annual dividend is 16/100 * 75 = $12

To get the cost of preferred stock, we employ a mathematical approach.

Mathematically, cost of preferred stock = Annual dividend/(current price - floatation cost)

From the question, current price is $80 while the floatation cost is $3.5 per share.

Cost of preferred stock = 12/(80-3.5)

= 12/76.5 = 0.157

This is same as 15.7%

5 0
3 years ago
Read 2 more answers
Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibili
german

Explanation:

The flood will lead to the destruction of the resources in the country.This will result in the shifting of the PPC curve leftward in the economy.

Earlier PPC is represented by PP curve.After the floods and destruction of resources,the curve shifts to P1P1.It is due to the availability of the number of possible combinations which decreases with the destruction of resources.

6 0
3 years ago
Which information would most likely cause a company's stock price to go up?
egoroff_w [7]

Answer:

The company releases an innovative car with unique features

Explanation:

6 0
2 years ago
The transactions of Spade Company appear below.
s2008m [1.1K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

                                            DEBIT           CREDIT

A. Kacy Spade, owner, invested cash in the company

Common stock                   14250

Cash                                                           14250

B. The company purchased office supplies

Office supplies                      413

Cash                                                              413

C.The company purchased office equipment on credit

Office equipment                 7880

Payables                                                      7880

D.The company received $1,681 in cash

Cash                                       1681

Fees earned                                                 1681

E. The company paid $7,880 cash to settle the payable

Payables                                7880

Cash                                                              7880

F. The company billed a customer $3,021 as fees

Receivable                              3021

fees earned                                                   3021

G. The company paid $520 cash for the monthly rent.

Rental expense                        520

Cash                                                               520

H. The company collected $1,269 cash as partial payment

Cash                                         1269

Receivables                                                    1269

I. The company paid a $1,000 cash dividend to the owner

Retained earnings                  1000

Cash                                                                 1000

5 0
3 years ago
The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, inten
vfiekz [6]

Answer:

brand

Explanation:

The American Marketing Association defines a brand as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."

According to Kotler a brand is a name a sign or combination of these to distinguish one product from the others. People often associate and develop relationships  with the brand so that they can trust rely and depend on for future purchase.

According to Kotler's definition a brand must be distinguished from the other products and then it must have a desirable place in the minds of the consumers. That is the brand is as good as the customers think.

6 0
3 years ago
Other questions:
  • Hoi Chong Transport, Ltd. Operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven
    9·1 answer
  • An improvement to a local restaurant does not comply with the zoning ordinances because it was constructed prior to the adoption
    5·1 answer
  • The cost of traveling on a bus,plane,or subway
    15·1 answer
  • Select the correct text in the passage.
    15·1 answer
  • u gay? or what 11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111
    12·2 answers
  • Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.10 per hour for the labor rate. During October,
    12·1 answer
  • During March, the production department of a process operations system completed and transferred to finished goods 27,000 units
    9·1 answer
  • Who is credited with pioneering the principles of the scientific approach to management ?
    7·2 answers
  • Who is elon musk......​
    10·2 answers
  • If you attended a performance in which the only scenery was a single, gnarled pine, you would have good reason to guess that you
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!