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
oksano4ka [1.4K]
3 years ago
11

Colt Football Co. had a player contract with Watts that is recorded in its books at $5,600,000 on July 1, 2014. Day Football Co.

had a player contract with Kurtz that is recorded in its books at $7,000,000 on July 1, 2014. On this date, Colt traded Watts to Day for Kurtz and paid a cash difference of $700,000. The fair value of the Kurtz contract was $8,400,000 on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Colt's books at
Business
1 answer:
vlada-n [284]3 years ago
7 0

Answer:

the amount after the exchange is $6,300,000

Explanation:

The computation of the amount after the exchange is as follows;

= Book value + cash paid

= $5,600,000 + $700,000

= $6,300,000

Since it has no commerical substance so no loss or no gain is recorded

hence, the amount after the exchange is $6,300,000

Therefore the same is to be considered

You might be interested in
What is bank reconciliation statement
Leno4ka [110]

Answer:

bbbbbbbbhbbbhhhhhu hn hnjjjjbbhh

4 0
3 years ago
Read 2 more answers
Do you think the phases work the same in construction as they do in event management or software development
Drupady [299]

Answer:

Yes

Explanation:

It is true that phases work the same in construction as they do in event management or software development because:

The constitution project phase defines and orchestrates the technical and methodical concept for the whole project including the design stage to the completion; It is a significant aspect to total completion and successful delivery of a construction project.

Typically, construction phases are commonly split into 4 vital phases including Planning, Preconstruction, Construction, and Close-out.

Hence, if a particular phase is missed or jumped over, there may be a problem, or the whole project will be jeopardized

8 0
3 years ago
An entrepreneur purchased an existing bicycle shop that had between $120,000 and $150,000 worth of sales annually for the past t
stepan [7]

Answer:

Forecasted sales: 25% maximum reduction.

Recommendations: try new ways to increase sales during the months left, or reduce its own cost.

Explanation:

  • If sales usually increase between March 1 and June 30, and this period accounts for 50% of annual revenue, if revenue is proportional to sales, a reduction in sales will reduce revenues.
  • Between March 1 and June 30 there are 4 months.
  • If sales usually pick up in March and this year they were low until the beggining of May, it means that  only 2 of the 4 most productive months were higly productive.
  • If 50% of sales are concentrated in this 4 months, and this year 2 of the 4 months were not really productive, a maximum 25% of sales (and hence of revenues) may have lost.
  • Therefore, revenues may lower by 25% this year.
  • To avoid losses, it is advisable to try new ways to increase sales during the months left, that can consist on doing some advertisement and promotions (related to health care linked to exersice for example), that helps increasing sales in the months left, to compensate the looses of the 2 months. If sales cannot be increased, it is advisable to reduce cost to avoid further looses.
6 0
3 years ago
Coffee shop owner: A large number of customers will pay at least the fair market value for a cup of coffee, even if there is no
JulsSmile [24]

Answer:

The answer is: D) The shop makes a substantial profit from pastries and other food bought by the coffee drinkers.

Explanation:

Once I saw this strategy being used by a chain of coffee shops that operated in large superstores. It was really successful, not only because they had a lot of clients. Most of the clients wouldn´t just buy coffee, they also bought pastries and sandwiches. This strategy was so successful that the coffee shop decided to offer free coffee to everyone. Even though you could just ask for a free coffee (after waiting 20 minutes in line), no one just got free coffee. Everyone bought something else. You could hear the other customers saying that since the coffee was free they were going to buy something.  

8 0
3 years ago
Jonathan cowan is upset because he was passed over for a promotion he had really worked hard for. in response to his anger towar
Dmitry_Shevchenko [17]

I guess the correct answer is deviant workplace behavior.

Jonathan Cowan is upset because he was passed over for a promotion he had really worked hard for. In response to his anger toward the manager and the company, he has started gossiping about the manager with his colleagues and assigning blame on him unnecessarily. Jonathan's behavior is an example of deviant workplace behavior.

7 0
3 years ago
Other questions:
  • Kali contracts to sell leony her car for $3,000. this contract will be fullydischarged when kali and leony
    7·1 answer
  • Tokoni is a manager at a local toyota dealership who has lost five of his employees last year. now he has to make a decision abo
    6·1 answer
  • Topic : Payroll ​<br><br>Please answer as soon as possible.
    14·1 answer
  • At her new job, Nicole developed a supportive relationship with Sheila, who worked with the same real estate agency for several
    13·1 answer
  • Elsa, the owner of Fertile Farm, sells Gina a right to camp on Fertile land overnight. Gina's right is _________.a. a leasehold
    14·1 answer
  • The Harsanyi Corp. is considering four investments. Which provides the highest after-tax return for Harsanyi Corp. if it is in t
    6·1 answer
  • The four characteristics of money are portability, durability, divisibility and scarcity.
    8·2 answers
  • Assume the price of a hamburger is​ $2 and the price of a movie is ​$5, and the​ consumer's income is ​$29. if the consumer is i
    6·1 answer
  • Sheridan Corporation had net sales of $2,414,200 and interest revenue of $35,800 during 2020. Expenses for 2020 were cost of goo
    5·1 answer
  • This is weird what is ya favorite anime character
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!