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Answer:
$182,083
Explanation:
The computation of the total assets by considering the total assets turnover is shown below:
Total assets turnover = Sales ÷ total assets
2.4 = $415,000 ÷ total assets
So, the total assets equal to
= $415,000 ÷ 2.4
= $172,917
So, the assets is reduced by
= Year-end total assets - calculated assets
= $355,000 - $172,917
= $182,083
For this case, the total percentage paid for the land is given by:
Then, we can make the following rule of three:
76000 ----------------> 100%
x -----------------------> 83%
From here, we clear the value of x.
The value of x is the amount that was paid for the lot.
We have then:
Answer:
You paid 63080 $ for the lot
Answer: $120,000
Explanation:
The cost, that would be allocated in the first-stage allocation to the Fabricating activity cost pool will be:
Wages and salaries = 10% × $420,000 = $42000
Depreciation = 5% × $240000 = $12000
Occupancy = 30% × $220,000 = $66,000
Therefore, the fabricating cost will be:
= $42000 + $12000 + $66000
= $120,000
