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erica [24]
3 years ago
15

On December 1, 2015, Logan Co. purchased a tract of land as a factory site for $800,000. The old building on the property was ra

zed (torn down), and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds received during December were as follows:Cost to raze old building $70,000Legal fees for purchase contract and to record ownership 10,000Title guarantee insurance 16,000Proceeds from sale of salvaged materials 8,000What amount should be reported as land?
Business
1 answer:
gladu [14]3 years ago
7 0

Answer:

$888,000

Explanation:

Calculation to determine What amount should be reported as land

Purchased a tract of land as a factory site $800,000

Add Legal fees for purchase contract ownership $10,000

Add Title guarantee insurance 16,000

Add Cost to raze old building $70,000

Less Proceeds from sale of salvaged materials $8,000

Land $888,000

($800,000 + $10,000 + $16,000 + $70,000 –$8,000)

Therefore The amount that should be reported as land will be $888,000

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Flemington Farms is evaluating an extra dividend versus a share repurchase. In either case, $10,000 would be spent. Current earn
Sergeu [11.5K]

Answer:

A. 22.38; 22.38

Explanation:

Calculation to determine what The PE ratio will be____ if the firm issues the dividend as compared to ____ if the firm does the share repurchase

Calculation to determine PE ratio If the firm issues the dividend:

First step is to calculate the Dividends per share

Dividends per share = $10,000/2,000 shares

Dividends per share= $5.00

Now let calculate the P/E

P/E = ($52-5.00)/$2.10

P/E = 22.38

Calculation to determine the P/E If the firm does the share repurchase:

First step is to calculate the Shares repurchased

Shares repurchased = $10,000/$52

Shares repurchased = 192.31

Second step is to calculate the EPS after repurchase

EPS after repurchase = ($2.10 ×2,000) /(2,000 -192.31)

EPS after repurchase= $2.3234

Now let calculate the P/E

P/E= $52 / $2.3234

P/E= 22.38

Therefore The PE ratio will be 22.38 if the firm issues the dividend as compared to 22.38 if the firm does the share repurchase

4 0
2 years ago
Brand x batteries have a mean life span of 102 hours, with a standard deviation of 6.8 hours. brand y batteries have a mean life
prohojiy [21]

Answer:

about 68% of brand x’s batteries have a lifespan between 95.2 hours and 108.8 hours. about 68% of brand y’s batteries have a lifespan between 98.6 hours and 101.4 hours. the life span of brand y’s battery is more likely to be consistently close to the mean.

Explanation:

According to the empirical rule (68–95–99.7 rule) for a normal distribution, 68% of the data falls within the first standard deviation (μ ± σ).

Given for brand x, mean (μ) = 102 hours and standard deviation (σ) = 6.8 hours.

first standard deviation (μ ± σ) = 102 ± 6.8 = (95.2, 108.8)

about 68% of brand x’s batteries have a lifespan between 95.2 hours and 108.8 hours.

Given for brand y, mean (μ) = 100 hours and standard deviation (σ) = 1.4 hours.

first standard deviation (μ ± σ) = 100 ± 1.4 = (98.6, 101.4)

about 68% of brand x’s batteries have a lifespan between 98.6 hours and 101.4 hours.

Since the standard deviation of brand y is smaller than that of brand x, brand y battery is more likely to be consistently close to the mean

5 0
3 years ago
_______ is a non-cash expense representing the cost assets as they lose value over time
trapecia [35]
C, sorry if im wrong not very good at this

4 0
3 years ago
An organization that has a relatively diverse employee population and makes an effort to involve employees from different gender
vovikov84 [41]

Answer: Pluralistic organization

Explanation: Pluralistic organization is an organization that is made up of diverse group of people,it may include people of different race, gender, Sociocultural background and makes efforts to ensure that they maintain harmony,pluralistic organization is essential for global Integration and it is practiced by most international organization like the United Nations, World health organization and business entities.

6 0
3 years ago
With respect to organizational changes, a health care organization that discovered weaknesses in the organization’s ability to c
Leni [432]

Answer:

The correct answer is "Process change "

Explanation:

Process Change or Process Change Management is implemented when you identify a mistake or a process that doesn´t function in a better way. That means that you need to consider to change or modify an existing process to improve them, and what should be the goals or objectives of the change.

7 0
3 years ago
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