1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Roman55 [17]
2 years ago
13

A building with an appraisal value of $132,970 is made available at an offer price of $154,091. The purchaser acquires the prope

rty for $30,971 in cash, a 90-day note payable for $22,282, and a mortgage amounting to $52,517. The cost basis recorded in the buyer's accounting records to recognize this purchase is
Business
1 answer:
BartSMP [9]2 years ago
7 0

Answer:

Total purchase value (Cost basis) = $105,770

Explanation:

Given:

Appraisal value = $132,970

Offer price = $154,091

Cash amount = $30,971

Notes payable = $22,282

Mortgage amount = $52,517

Find:

Total purchase value (Cost basis)

Computation:

Total purchase value (Cost basis) = Cash + Notes payable + Mortgage amount

Total purchase value (Cost basis) = $30,971 + $22,282 + $52,517

Total purchase value (Cost basis) = $105,770

You might be interested in
Patrice and Patrick are twins. They sit down to discuss their college plans with their parents. If both choose an in-state schoo
Brut [27]

Answer: C or D

Explanation:

4 0
3 years ago
Read 2 more answers
At a price of _____, books will be both supplied and demanded. $10 $20 $30
dezoksy [38]

well if im right it should be 20$.

4 0
3 years ago
Loree manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Loree also overs
Eva8 [605]

Answer:

First-line manager.

Explanation:

A first-line manager is a person within a company who is directly above all other personnel who are not managers. They have various obligations, such as the aforementioned routine decisions, service desk, feedback, work satisfaction, etc. When it comes to some more serious decisions, this type of a manager is not allowed to make them but rather only advise higher ups.

8 0
3 years ago
our business plan calls for sales of $45,000 in year 1 with compound growth of 30% per year thereafter. What are your projected
Law Incorporation [45]
477,202 are the projected sales after year 10.
4 0
3 years ago
This type of budgeting technique is commonly used because it provides a budget that is tied directly to the company's strategy a
mixer [17]

Answer:

Objective and task.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis. The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

The budgeting method described in the question is called objective and task. It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.

8 0
2 years ago
Other questions:
  • As a result of a divorce settled in 2017, a taxpayer received the following during the current year: Child support $12,000 Alimo
    5·1 answer
  • Html uses _________ to annotate documents. this is a way of marking up the content to identify specific html elements.
    13·2 answers
  • The two cofounders of Impact Technology, a data-storage firm in Research Triangle Park, North Carolina, were feuding with each o
    11·1 answer
  • You and a rival are engaged in a game in which there are three possible outcomes: you win, your rival wins (you lose), or the tw
    11·1 answer
  • 3 Points
    14·2 answers
  • Cost of goods available for sale is computed by adding: a) purchases to beginning inventory.b) beginning inventory to the cost o
    11·1 answer
  • Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws
    6·1 answer
  • Nadal Corporation manufactures custom molds for use in the extrusion industry. The company allocates manufacturing overhead base
    7·1 answer
  • Which job in the Finance career pathway is best for someone with knowledge of risk factors for insurance claims?
    15·2 answers
  • If you guess the number im thinking of illl give you 100 points
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!