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
Sveta_85 [38]
3 years ago
11

Waddell Company had the following balances in its accounting records as of December 31, 2015:

Business
1 answer:
Lilit [14]3 years ago
8 0

a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.

b. The amount of rent expense reported on Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]

c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.

Learn more at brainly.com/question/24540829

You might be interested in
From a salesperson's perspective, the characteristics of a good manager: A. vary from manager to manager. B. conflict with the c
elena55 [62]

Answer:

E. include flexibility and a team orientation.

Explanation:

Sales management is the process that maintains customers sales by planning, direction and control of the sales process.

It involves motivation, supervising, delegation, and equipping of the sales force.

This is a people oriented career and therefore requires flexibility and a team orientation. So the team is able to adapt to new strategies aimed at improving the sales process.

7 0
3 years ago
1. When the price of fresh fish increases 5%, quantity demanded decreases 10%. The price elasticity of demand for fresh fish is
mafiozo [28]

Answer:

<em>1. When the price of fresh fish increases 5%, quantity demanded decreases 10%. The price elasticity of demand for fresh fish is elastic.</em>

<em>2. The determinants of elasticity include d) all of the above.</em>

<em>3. Cross-price elasticity of demand measures the response in the d) quantity of one good demanded to a change in the price of another good.</em>

<em>4. A value of price elasticity of demand equal to 2 means that b) quantity demanded falls by two times the amount of an increase in price.</em>

Explanation:

<em>Price elasticity of demand = % change in quantity demanded of a good / % change in price of the good</em>. Value greater than 1 implies quantity demanded is price elastic, equal to 1 implies quantity demanded is price unitary elastic and smaller than 1 implies quantity demanded is price inelastic.

<em>Cross Price Elasticity of demand = % change in quantity demanded of a good / % change in price of another good</em>.

For rest, refer to the answer.

3 0
3 years ago
At what wage rate will there be excess labor supplied in the market?
34kurt
If the wage<span> is free to adjust in response to </span>market<span> forces it </span>will<span> move to We, where the demand for</span>labour<span> equals the </span>supply<span>. When the </span>wage<span> is above We, more </span>labour will<span> be presented for employment than firms in the industry </span>can<span> profitably hire. It </span>will<span> pay workers to lower </span>their wages<span> to obtain employment in the industry.
</span>
6 0
3 years ago
Read 2 more answers
Checkable and debitable accounts in commercial banks and other financial institutions are classified as money because A. they so
White raven [17]

Answer:

The answer is D.

Explanation:

Option D. They are generally acceptable in the payment of debt is correct. Checkable and Debitable are very liquid as they can be easily convertible to money. That is, it is indirectly like money.

Option B is wrong as it is not related to the question atal.

Option C is wrong because all customers' deposit are the liabilities of the banks.

4 0
3 years ago
waterford company maintains a cafeteria for its employees. for june, variable food costs were budgeted at $45 per employee based
Bad White [126]

Answer:

$8,550

Explanation:

Calculation for how much food cost should be charged to the other departments at the end of the month for performance evaluation purposes

Using this formula

Other departments Cost to be charged=Average other departments *Budgeted variable food costs

Let plug in the formula

Other departments Cost to be charged =190 employees x$45 per employee

Other departments Cost to be charged= $8,550

Therefore how much food cost should be charged to the other departments at the end of the month for performance evaluation purposes is $8,550

7 0
3 years ago
Other questions:
  • Suppose consumer income increases. If grass seed is a normal good, the equilibrium price of grass seed will a. decrease, and pro
    12·1 answer
  • The extent of job creation and job destruction is:____________
    9·1 answer
  • What motivates high school students to join professional organizations?
    11·1 answer
  • Which of the following would you list as an "Essential (Fixed)" expense?
    14·2 answers
  • You purchased a share of SPCC for $100 and expect to receive a dividend of $5 in one year. If you expect the price after the div
    6·1 answer
  • What is the difference between simple and compound interest rates
    5·1 answer
  • Select all the correct answers.
    13·1 answer
  • Which type of briefing is delivered to individual resources.
    8·1 answer
  • If people in the military aren't included in the labor force, does the unemployment rate become a better or worse indicator of t
    8·1 answer
  • ____________ is the study of how individuals, institutions, governments, and businesses acquire, spend, and manage money and oth
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!