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miskamm [114]
3 years ago
10

​Land, a building and equipment are acquired for a lump sum of . The market values of the​ land, building and equipment are ​, a

nd ​, respectively. What is the cost assigned to the​ equipment? (Do not round any intermediary​ calculations, and round your final answer to the nearest​ dollar.)
Business
1 answer:
Rashid [163]3 years ago
4 0

Answer: b. $250,000

Explanation:

The value assigned to the Equipment from the lump sum will be the proportionate value of the Equipment from the total market value.

Total Market Value = 300,000 + 600,000 + 300,000

= $1,200,000

Equipment = (300,000 / 1,200,000) * 1,000,000

= $250,000

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Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
Dima020 [189]

Answer:

E

Explanation:

How often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.

The strategy decision making about the industry and competitive conditions involve evaluating the prices, buyer sensitivity to the prices, serviceability & frequency.

6 0
2 years ago
What motivates high school students to join professional organizations?
shtirl [24]
Skill development, more opportunities 
4 0
3 years ago
Capital assets used by an enterprise fund should be accounted for in the a. Business-type activities journal but no depreciation
Diano4ka-milaya [45]

Answer:

b. Enterprise fund and depreciation on the capital assets should be recorded.

Explanation:

Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

Capital assets used by an enterprise fund should be accounted for in the enterprise fund and depreciation on the capital assets should be recorded.

Additionally, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

4 0
3 years ago
Tina and Bob formed the TB Partnership four years ago. Because they decided the company needed some expertise in multimedia pres
borishaifa [10]

Answer:

$25,000 will be an ordinary income(FMV)

Explanation:

Kate received an offer of unrestricted partnership capital interest for the expertise services. so, Kate recognizes it's an "ordinary income"which should be booked at the fair market value of the partnership interest so offered.

i.e $25,000 is ordinary income (FMV)

6 0
3 years ago
Zahra's Decoratives produces and sells a decorative pillow for $97.50 per unit. In the first month of operation, 2,000 units wer
GalinKa [24]

Answer:

$38,675

Explanation:

sales price per pillow $97.50

total production 2,000 units

total sales 1,750 units

costs:

variable costs $22.10 per unit

fixed manufacturing $13.00 per unit

fixed administrative expenses $19.50 per unit

variable costing assigns only variable costs to inventory and COGS, so the COGS using variable costing = 1,750 units x $22.10 = $38,675

under variable costing, all fixed costs are period costs (fixed manufacturing and fixed administrative).

4 0
3 years ago
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