Answer:
the amount that company should record the land is $97,600
Explanation:
The computation of the amount that company should record the land is shown below:
The Amount should be recorded for land is
= Purchase price + Commission + Property tax paid on behalf of seller + Title insurance
= $82,000 + $8,000 + $5,400 + $2,200
= $97,600
hence, the amount that company should record the land is $97,600
Answer:
(C) The RR is using a form of asset allocation for the client.
Explanation:
Given that Asset allocation is a term that describes the undertaking of an investment technique. This technique tries to offset risk with reward by diversifying the proportion of each asset in an investment portfolio based on the investor's preference, which is influenced by risk tolerance, and investment period.
Hence, in this situation, the right answer is option C: The RR is using a form of asset allocation for the client.
Answer:
A spreadsheet is a computer application for organization, analysis and storage of data in tabular form. Spreadsheets were developed as computerized analogs of paper accounting worksheets. The program operates on data entered in cells of a table.
Answer:
$125,000
Explanation:
The sales were $500,000
The variable cost of goods sold is $300,000
The variable selling and administrative expenses were $75,000
The fixed costs were $60,000
Therefore the contribution margin ratio using the variable costing can be calculated as follows
CMR= Sales revenue-Variable cost of good sold-The variable selling and administrative expenses
= $500,000-$300,000-$75,000
= $200,000-$75,000
= $125,000
Hence the contribution margin ratio is $125,000
A decrease in notes payable <u>increase</u> cash and an increase in accounts payable <u>decrease</u> cash.
Money owed payable is money owed through an enterprise to its suppliers shown as a legal responsibility on a corporation's stability sheet. it's miles wonderful from notes payable liabilities, which might be money owed created by means of formal prison tool files.
If a take a look at or cash order is made payable to you, it has your call written on it to indicate that you are the person that will acquire the money.
Accounts payable (AP) is an accounting time period used to explain the money owed to carriers or suppliers for goods or services bought on credit score.
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