Answer:
c. $ 95,000 $ 0
Explanation:
<u>Calculation of cost of land acquired</u>
For the purpose of recording of land acquired in the books of accounts, the accounting values of consideration paid shall be considered as per the generally accepted accounting principles as well as as per International accounting standard (IAS) - 16 'Property, plant and equipment'. Hence the land shall be recorded as per the following amounts:
Consideration paid in cash (A) = $ 5,000
Consideration in kind (land) (B) = $ 90,000 (Refer Note 1)
Total cost of new land (A+B) = $ 95,000
<em>Note 1</em>
Fair value is irrelevant for the purpose of capitalization of asset (IAS-16)
<u>Calculation of Gain/loss on disposal of land</u>
No gain/loss needs to be recorded as the new asset shall be recorded in terms of the book value of old asset (i.e. net impact is already taken into account during the exchange transaction)
A court order that directs an employer to set aside a portion of an employee’s wages to pay a debt owed to a creditor is known as garnishment.
When money is legally withdrawn from your paycheck and given to another person, this is known as garnishment or wage garnishment. It alludes to a legal procedure that directs a third party to take money out of a debtor's paycheck or bank account on their behalf.
The third party also referred to as the garnishee, is frequently the debtor's employer. Employers are not allowed to terminate a worker in order to avoid processing a garnishment payment under federal law. For debts including unpaid taxes, cash penalties, child support obligations, and unpaid student loans, garnishments are used.
Learn more about garnishment here:
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Answer:
D. Market Penetration
Explanation:
Market penetration is one of the Growth strategies as defined by Ansoff. With the use of an actor and an ex NFL player for their advertisement, Herbal Organics was able to penetrate the market more, thereby increasing their sales as compared to the previous year. Market penetration involves funding ways to lure away customers from competitors towards you. Its aimed at increasing the available market share through increased efforts in getting customers or target markets.
Answer and Explanation:
1.We have to ensure that data is being received from a reliable source
2.The wrong data would lead to wrong interpretation and prediction of customer's needs
3. The data mining algorithm must be effective enough to clean data that has alot of errors
4.incoporating background knowledge of the data in reducing complexity and finding data pattern
5. Data privacy and security issues present the challenge of getting needed data from data sources or resorting to other means that mayalr data less reliable
The type of financing that Pete has secured is VENTURE CAPITAL. Venture capital is a type of private equity, a form of financing that provides funds by private investors to new companies with high potentials or emerging companies that are deemed to have high potentials. In return for the money provided by the private investors, they become part owners in the company.
