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3 years ago

A firm is deciding whether or not to complete the building of a new office.

Business

1 answer:

kirill115 [55]3 years ago

8 0

The relevant cost of building an office building is $9 million.

The calculation of the relevant cost of building an office building is as follows:

= Sale value of partially completed building and land + additional labor & material required

= $4 million + $5 million

= $9 million

Therefore we can conclude that the relevant cost of building an office building is $9 million.

Learn more about the building here: brainly.com/question/24285028

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Whats the differences between fans and customers

Mkey [24]

Fans are people that like your stuff , customers are people that buy your stuff

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3 years ago

A large account receivable from taylor industries was considered fully collectible at september 30, year 5, the balance sheet da

devlian [24]

Let us assume that the company Taylor Industries bought merchandise from X company. Taylor Industries will record Accounts Payable while X company will record Accounts Receivable.

Since Taylor Industries will no longer be able to pay off its Account Receivable, X company will have to write off the Accounts Receivable. Writing off Accounts Receivable can be done in two ways.

1) Allowance method:
Bad Debt Expense xxxxx
Allowance for Doubtful accounts xxxxx
Writing Off Bad Debt:
Allowance for Doubtful Accounts xxxxx
Accounts Receivable xxxxx

2) Direct Write-off method.
Bad Debt Expense xxxxx
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In the books of Taylor Industries, it must recognize the cancellation of the Accounts Payable from the transaction with X company.

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3 0

4 years ago

Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November

pickupchik [31]

Answer: Please see explanation column for answer

Explanation: A perpetual inventory system maintains inventory balances ensuring that records are continually made immediately when purchases or sale are made together with any returns which are recorded in inventory accounts.

To record purchase of merchandise

Date Account Debit Credit

Nov 5 Merchandise Inventory $8500

Accounts payable $8,500

To record return of merchandise purchased

Nov 7 Accounts payable $300

Merchandise Inventory $300

To record payment of inventory

Nov 15 Accounts payable $8,200

Cash $7,954

Merchandise Inventory $246

Calculation =

Nov 5 - Cost of merchandise purchased = No of units x unit price = 850 x 10 =$8500

Nov 7 - Cost of merchandise returned = No of units returned x unt price = 30 x 10 = $300

discount received = Balance from accounts payable x discount rate = (8,500- 300) x 3%= 8200 x 0.03= $246

Cash = Accounts payable - Merchandise Inventory = $8200 - 246 =$7984.

4 0

3 years ago

MC Qu. 93 Job A3B was ordered by a customer on... Job A3B was ordered by a customer on September 25. During the month of Septemb

Aleks04 [339]

Answer:

$16,500

Explanation:

Note: Work In Process simply mean the cost of Job which is not complete.

Work In Process = Direct Materials + Direct Labor + Overhead Cost

Work In Process = $3,000 + $4,500 + ($4,500*200%)

Work In Process = $3,000 + $4,500 + $9,000

Work In Process = $16,500

So, the balance in the Work in Process account at the end of September relative to Job A3B is $16,500.

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3 years ago

Police policies and practices have also undergone a transformation in order to adapt to the economic changes brought about by th

kupik [55]

Answer:

E. all of the above are examples of this adaptation.

Explanation:

Based on the information and answers provided it can be said that all of the above are examples of this adaptation. All of these cut backs were done in order to save money for more important aspects within the police policies and practices. While expanded use of technology systems and joint forces with other county governments were done in order to facilitate the jobs and cut down on time needed for certain practices which in term saved money.

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4 years ago