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salantis [7]
3 years ago
14

Free points for all here u go

Business
2 answers:
blsea [12.9K]3 years ago
7 0

Answer:

ok

Explanation:

LekaFEV [45]3 years ago
3 0

Answer:

THANKS M8 HAVE A NICE DAY :)

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Cost ConceptOn February 3, Clairemont Repair Service extended an offer of $360,000 for land that had been priced for sale at $40
guajiro [1.7K]

Answer:

The land should be recorded in Clairemont Repair Service’s records at $380,000

Explanation:

According to the historical cost principle, the recording of the fixed assets should be recorded at the purchase price or cost price which is to be shown in the assets side under the balance sheet.

So, according to the question, on February 28, the repair service accepted the seller's counteroffer which means that the land was purchased on February 28 for $380,0000. So, by $380,000 amount, the land would be recorded.

Other costs which are mentioned in the question is ignored.

7 0
3 years ago
A three-month forward contract on a stock index is trading at $1000. The current index level is $985.1. Assuming a continuously
timofeeve [1]

Answer:

d

Explanation:

ddddddddddddddddddddddd

4 0
2 years ago
A door-to-door salesperson knocks on Mary's door and convinces her to purchase the Wonder Vacuum for $500. Soon after the salesp
Vlad1618 [11]

Answer:

Mary can cancel the transaction at any time before midnight of the third business day thereafter.

Explanation:

If she is having second thoughts about the deal , then Mary can cancel the transaction at any time before midnight of the third business day thereafter this is due to the fact that Mary may exercise the right to rescind or cancel the transaction until midnight on the third day after the transaction. She can cancel the deal at no cost to herself within 3 days of closing.

8 0
2 years ago
A small company that makes hand-sewn leather shoes has fixed costs of $320 a day, and total costs of $1200 per day at an output
anastassius [24]

Answer: c = 44x + 320

Explanation:

Based on the information given, the cost of materials used in the shoe is a variable cost and this will be:

= Total cost - Fixed cost

= $1200 - $320

= $880

Since there are 20 shoes, the cost if materials used per shoe is: = $880/20 = $44

Then the total cost equation will then be:

c = 44x + 320

where,

C = Total cost incurred in a day

x = Number of pair of shoes made in a day.

Therefore, the correct option is A.

3 0
3 years ago
Information related to Harwick Co. is presented below.
Natasha_Volkova [10]

Answer:

A.

April 5

Dr Merchandise inventory $23,000

Cr Accounts payable $23,000

April 6

Dr Merchandise inventory $900

Cr Cash $900

April 7

Dr Equipment $26,000

Cr Accounts payable $26,000

April 8

Dr Accounts payable $3,000

Cr Merchandise inventory $3,000

April 15

Dr Accounts payable $20,000

Cr Cash $19,600

Cr Merchandise inventory $400

B. Dr Accounts payable $20,000

Cr Cash $20,000

Explanation:

A. Preparation of the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.

April 5

Dr Merchandise inventory $23,000

Cr Accounts payable $23,000

April 6

Dr Merchandise inventory $900

Cr Cash $900

April 7

Dr Equipment $26,000

Cr Accounts payable $26,000

April 8

Dr Accounts payable $3,000

Cr Merchandise inventory $3,000

April 15

Dr Accounts payable $20,000

($23,000-$3,000)

Cr Cash $19,600

[$20,000*(100%-2%)]

Cr Merchandise inventory $400

($20,000-$19,600)

B. Preparation of the journal entry to record this payment Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15.

May 4

Dr Accounts payable $20,000

Cr Cash $20,000

($23,000-$3,000)

7 0
3 years ago
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