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Marta_Voda [28]
4 years ago
10

8.Darrin Brown bought a pub. The purchase price was $695,000. An appraiser provided the following appraisal values: land $320,00

0: building $370,000 and equipment $60,000. What cost should be allocated to the building
Business
1 answer:
drek231 [11]4 years ago
6 0

Answer:

The purchase price allocated to building is $342,866.67  as shown by the below computation.

Explanation:

The purchase price of $695,000 is for the three assets namely: land, building and equipment,hence in determining the purchase of building, we share the $695,000 between the assets in the ration of their appraisal values.

Total appraisal values=$320,000+$370,000+$60,000

Total appraisal values=$750,000

Purchase price of building =$695,000*$370,000/$750,000

Purchase price of building=$342,866.67

Ordinarily, the asset could also be recognized at fair value which is value shown by the appraisal carried out by the appraiser.

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Joe's Tasty Burger has determined that its production facility has a design capacity of 400 hamburgers per day. The effective ca
Nat2105 [25]

Answer:

Design Capacity Utilization= 75%

Production efficiency = 120%

Explanation:

Okay, so the question is to determine both the design and the effective capacity utilization measures and make a conclusion from there

1. The Capacity Utilization = The Actual Output/ Design Capacity

Actual Output= 300 hamburgers a day

Design Capacity = 400 Hamburgers a day

Therefore Capacity Utilization = 300 hamburgers/400 hamburgers x 100

= 75%

2. The Efficiency of the production = The Actual Output / The Effective Capacity

Actual Output = 300 Hamburgers a  day

Effective Capacity = 250 hamburgers

= 300 Hamburgers/ 250 Hamburgers x 100

= 120%

Conclusion

First we see that the actual utilization of capacity is more better than the effective capacity and this is good. Also, the Design Capacity is higher than the actual capacity utilization which should also be expected as design capacity is a calculation based on ideal conditions that may be not realistic in real life conditions.

3 0
3 years ago
The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?
svlad2 [7]
The answer is Corporation.  Corporations is a legal entity of a group of investors/shareholders as governed by the Securities and Exchange Commission.  In the event of shortage of capital, the shareholders votes and agrees to sell some stocks in order to gain more capital. 
7 0
3 years ago
The management team at electronics galaxy is evaluating whether or not to have sales staff wear uniforms on the showroom floor.
Delicious77 [7]

Answer:

b. Uniforms can help customers identify members of the sales staff

Explanation:

When evaluating whether or not to have sales staff wear uniforms on the showroom floor. What the electronics galaxy should consider about wearing uniforms is that "Uniforms can help customers identify members of the sales staff."

As customers come in to buy their products, they can quickly know the sales staff, and approach them to describe the type of. the product they came for and eventually buy the product if satisfied.

6 0
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An ERP (enterprise resource planning) system is a software application that includes a centralized database and is used throughout a company. It enforces best practices through the software's business processes.

Enterprise Resource Planning (ERP) is business management software that enables a company to use a collection of interconnected applications. The ERP systems automate and simplify the operations, resulting in a leaner, more accurate and more efficient organization. ERP gives the unparalleled visibility into the  main business activities.

ERP may integrate information and procedures in one location rather than managing each aspect of the  firm with a separate system. This streamlines tasks, automates procedures, and allows all parts of the supply chain to work more efficiently.

As a result, an ERP (enterprise resource planning) system is a software program with a centralized database that is utilized throughout a business. It enforces best practices through the business operations of the program.

To know more about ERP click here:

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8 0
2 years ago
What problem will result from even slightly higher global temperatures?
likoan [24]

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