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
lisabon 2012 [21]
3 years ago
6

Cala Manufacturing purchases land for $281,000 as part of its plans to build a new plant. The company pays $35,400 to tear down

an old building on the lot and $52,330 to fill and level the lot. It also pays construction costs $1,320,800 for the new building and $83,373 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.
Business
1 answer:
bearhunter [10]3 years ago
6 0
I really need these points thx a lot
You might be interested in
Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is ob
Sladkaya [172]

Answer:

$525,000

Explanation:

Calculation to determine what amount would it have recorded the equipment for on 6/30/2021

First step is to calculate the total interest for 10 months;

Based on the information given since the amount of $15,000 was the interest for 6 months in the year 2021 in which the note lasted for 10 months the total interest will be:

Total Interest = 10months/6months x $15,000 Total Interest=$25,000

Now let calculate 6/30/2021 Equipment

6/30/2021 Equipment=$550,000-$25,000

6/30/2021 Equipment=$525,000

Therefore what amount would it have recorded the equipment for on 6/30/2021 is $525,000

3 0
2 years ago
Cullumber Corporation purchased 37000 shares of common stock of the Sherman Corporation for $52 per share on January 2, 2020. Sh
yawa3891 [41]

Answer:

Revenue from investment = 229,400

Explanation:

Given:

Purchased shares = 37,000

Value per share = $52

Sherman Corporation total shares = 100,000

Cash dividends = $162000

Net income = $620000

Find:

Revenue from investment = ?

Computation:

Revenue from investment = Net income (Purchased shares / Sherman Corporation total shares)

Revenue from investment = $620000 (37,000 / 100,000)

Revenue from investment = 229,400

7 0
2 years ago
How would inflation impact on a start up business?
Mariana [72]

Answer:

Let's say that the value of the US dollar goes down due to inflation.

A startup business would have to pay more money to it's employees, spend more money on products, try and charge the same prices, and lose a lot of money. Essentially, more money would be going out than coming in.

5 0
2 years ago
Money demand is given by md/p = 1000 .2y - 1000i. given that p = 200, y = 2000, and i = .10, real money demand is equal to?
Marrrta [24]

The real money demand is equal to $2,60,000

Money demand/ P = 1000+0.2Y -1000i

Money demand/200= 1000+0.2(2000)-1000(0.1)= 1000+400-100

=1300

Money demand  /200 = 1300

Money demand  = $1300*200

= $2,60,000

Money demand is the demand for real cash balances as people hold onto money to purchase goods and services. The higher the price level, the more money you need to buy a certain amount of goods.

Learn more about Money demand here:brainly.com/question/24109874

#SPJ4

4 0
2 years ago
Using the same scenario as in number 2, your interviewer tells you that the game costs $1 to play and it has an expected value o
Karolina [17]

Roll sum of 19 sum of 17 sum of 15 sum of 13 doubles other winnings $5 $3 $2 $1 $.5 $0.

<h3>What is Roll sum?</h3>

The 12-month rolling sum is the total of the previous 12 months. As the 12-month period "rolls" forward each month, the amount from the most recent month is added and the amount from the previous year is deducted. As a result, a 12-month total has been carried forward to the new month.

Cumulative sums, often known as running totals, are used to show the total sum of data as it grows over time (or any other series or progression). This allows you to see the entire contribution of a specific measure across time.

The total number of possible outcomes is 36, which is equal to the total number of the first die (6) multiplied by the total number of the second die (6).

To know more about Roll sum follow the link:

brainly.com/question/2264527

#SPJ4

7 0
1 year ago
Other questions:
  • The social media management dashboard that allows marketing managers submit messages to social media on a scheduled basis and al
    6·1 answer
  • Rider Company is in the process of preparing it closing entries. It first closes its revenue accounts by crediting the Income Su
    11·1 answer
  • • List the four sources of organizational culture
    8·1 answer
  • Angelica Canizales is the CEO of Mucho Dinero Enterprises. Sales have declined for four consecutive years and the firm's account
    6·1 answer
  • Determine the amount to post to the Cash T-account. Event Debit/Credit Purchase equipment by signing a note with the bank for $2
    5·1 answer
  • Sam was willing to contribute $20 this year to his local college radio station. However, after learning that the radio station h
    14·1 answer
  • In the current year, Hermanson Corporation reported net income of $240,000, paid dividends of $25,000 on common stock, and $40,0
    5·1 answer
  • Which tab provides you options like inserting a table, inserting a shape, or adding Audio/Video?
    14·1 answer
  • The technical help desk completes requests in the order in which they are received. On Monday requests were made by seven employ
    6·1 answer
  • Under what conditions do you think extraverts make more effective leaders than introverts? What unique abilities of introverts c
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!