Answer:
1. $173,500
2. $ 71,000
Explanation:
Requirement 1: Solution
We can calculate the fair value of new parcel of land just by adding the current market price with additional cash paid to complete the transaction
Fair Value = Current market price + cash paid additionally
Fair Value = $150,000+$23,500
Fair value = $173,500
Requirement 2: Solution
We need to calculate Gain/loss on exchange first in order to record them on books. This can be done by just subtracting the land's book value from the current market price of land
Gain/loss on exchange = Current market price - book value
Gain/loss on exchange = $150,000 - $79,000
Gain/loss on exchange = $71,000
Entries: Debit Credit
New land $173,500
Old land $79000
Cash $23,500
Gain $71,000
Answer:
The answer is B. corporate bond issued by a computer manufacturer
Explanation:
Capital in business is the money committed to the business by its owner or owners. Capital can also be from a borrowed fund e.g loan
Bond is a long term loan issued to finance a capital project.
Therefore, the corporate bond issued by a computer manufacturer is a capital.
Option A which is a computer programmer is a human asset.
Option C is an inventory (Current assets). This is used to make computer chips.
Option D is an asset
US lifestyle shifts have expanded the careers for "daycare providers", since many more women have joined the work force in the past two decades--meaning that they can't be at home with their children.
Answer:
the predetermined overhead rate is $12.10
Explanation:
The computation of the predetermined overhead rate is shown below:
The Predetermined overhead rate is
= (Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours)
= ($121,000 ÷ 10,000)
= $12.10
hence, the predetermined overhead rate is $12.10
Answer:
The dos and donts in excersing active listening
Explanation:
Active listening helps someone understand what the party is trying to say, even if the message is unclear or ambiguous. As a practice manager, the following actions will enhance or undermine active listening.
<u>The Do's</u>
- Nod in agreement
- Maintain eye contact
- Offer positive reinforcement with phrases such as 'yes,' ' great' or 'indeed.'
- Positive body posture such as facing the speaker and smiling
- Ask relevant questions
- Seek clarification
<u>The Don't s</u>
- Avoid noise: switch off audio devices such as radio, computers while listening.
- Do not interrupt or cut off the speaker.
- Avoid receiver biases. Keep an open mind, and don't judge the speaker's message before its communicated.
- Avoid listener's appreciation: Don't fear that you might not understand the speaker's message.
- Keep off distractions such as picking phone calls and reading.
