72,000 63,000 81,000 121,500 Notes Receivable Supplies & Inventory Prepaid expense Long-term investments Machines and tools 54,000 31,500 0 81,000 166,500 144,000 Accumulated depreciation equipment (63,000) (45.000) Total Asset $639.000 $477.000 Liabilities & Stockholders' Equity Accounts payable $ 76,500 $ 31,500 Honds payable (long-term) 166,500 211,500 Common Stock 180,000 103,500 Retained Earnings 216.000 130.500 Total Liabilities & Stockholders' Equity $.639.000 $477.000 Income Statement Information (2021); 1. Net income for the year ending December 31, 2021 is $130,500. 2. Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $81,000, yielding a $9,000 loss. 3. Cash dividends paid is $45,000. 4. The company purchased new machines and tools for $22,500 cash. Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, 2021.

Answers

Answer 1

Statement of Cash Flows

For the Year Ended December 31, 2021

FIRST SECTION: Operating Activities

Net income $130,500

Adjustments for:

Depreciation expense $18,000

Changes in working capital:

Increase in accounts payable $45,000

Increase in accrued liabilities $18,000

Increase in prepaid expense $72,000

Increase in supplies & inventory ($31,500)

Net cash provided by operating activities $252,000

SECOND SECTION: Investing Activities

Sale of long-term investment ($9,000)

Purchase of machines and tools ($22,500)

Net cash used in investing activities ($31,500)

Note: The statement of cash flows includes the operating and investing sections. The financing section is not provided in the given information.

Explanation:

1. In the operating activities section, net income of $130,500 is adjusted for non-cash expenses such as depreciation expense of $18,000. Changes in working capital are considered, including an increase in accounts payable of $45,000, an increase in accrued liabilities of $18,000, an increase in prepaid expense of $72,000, and an increase in supplies & inventory of ($31,500). These adjustments result in net cash provided by operating activities of $252,000.

2. In the investing activities section, the sale of a long-term investment resulted in a loss of $9,000. The purchase of machines and tools required a cash outflow of $22,500. Therefore, the net cash used in investing activities is $31,500.

Please note that the financing activities section is not provided in the given information, so it cannot be included in the statement of cash flows.

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Related Questions

How did speculation and margin buying cause stock prices to rise?

Answers

Speculation and margin buying cause stock prices to rise Because of margin buying, investors stood to lose large sums of money if the market turned down, or failed to advance quickly enough.

shares are a kind of safety that offers stockholders a share of ownership in a business enterprise. stocks are also called “equities. “An inventory is a well-known time period used to explain the ownership certificates of any organization. A percent, alternatively, refers to the inventory certificates of a particular enterprise. keeping a selected company's share makes you a shareholder. Description: shares are of kinds—common and desired.

Inventory is a type of investment in a company. organizations problem inventory shares to elevate money that allows you to finance operational dreams and to gasoline growth, and traders buy the one's inventory shares for the opportunity to generate a pass lower back on their investment. A percentage is an economic device that represents the aspect of ownership of an enterprise. A stock is a financial tool that represents element possession in one or greater establishments.

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assume that ford motor company obtains all of its inputs in the united states and all of its costs are denominated in dollars. an appreciation of the dollar's exchange value

Answers

An appreciation of the dollar's exchange value would likely have the following effects on Ford Motor Company:

Decreased competitiveness in foreign markets: An appreciation of the dollar means that the value of the dollar strengthens relative to other currencies. This makes Ford's products more expensive for foreign consumers, reducing their competitiveness in international markets.
Decreased export volume: As Ford's products become more expensive for foreign buyers, the demand for Ford vehicles in foreign markets may decline. This could lead to a decrease in export volume and potentially impact Ford's overall sales and revenue.
Lower import costs: On the flip side, an appreciation of the dollar could lower the costs of importing components and materials for Ford's production process. If Ford relies on imported inputs, the stronger dollar would make those imports relatively cheaper, potentially reducing production costs.
Potential impact on profitability: The overall impact on Ford's profitability would depend on the balance between the negative effects of decreased competitiveness and export volume and the positive effects of lower import costs. If the negative effects outweigh the positive effects, Ford's profitability may be adversely affected.
It's important to note that exchange rates are influenced by various factors and can be volatile, so the actual impact on Ford's operations would depend on the specific circumstances and market conditions at the time.

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Organizers of the town fair make a total of $706 from selling 164 hot dogs and 74 hamburgers at one of their concession stands. at their other concession stand, they make $884 by selling 256 hot dogs and 61 hamburgers. if the prices are the same at both concession stands, what is the price of a hot dog?

Answers

The price of a hot dog  is $2.5

How to solve a system of two equations?

First of all, we should obtain one variable in representations of another variable in one equation and substitute this variable in another equation. And solving that we bring two variables value. If you have two separate equations with identical two unknowns in each, you can solve for both unknowns. There are three common forms for solving: addition/subtraction, substitution, and graphing.

Here,

let's assume the price of hot dogs = x and the price of hamburgers = y

then, 164x + 74y = $706 --- ( 1 )

and 256x + 61y = $884 --- ( 2 )

Now, from eq - 1 we obtain x = ($706 - 74y) / 164

Substitute this x value in eq - 2,

256($706 - 74y)/164 + 61y = $884

=> $706*256 - 74y*256 + 61y*164 = $884 * 164

=> 180,736-8940y = 144,976

=> 180,736 - 144,976 = 8940y

=> 35,760/8940 = y

=> y = $4.

By substituting in eq - (1) we get x = $2.5

So, The price of a hot dog  is $2.5

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In the work trajectory, getting hired, being promoted, and retirement are examples ofa) self actualizationb)autonomyc) life course transitionsd) role conflict

Answers

In the work trajectory, getting hired, being promoted, and retirement are examples of life course transitions.

These are major events that occur during a person's career and can have a significant impact on their life. Getting hired is the initial step in one's career and marks the start of their professional journey. Being promoted represents a significant advancement in one's career and is a sign of success and recognition for hard work. Retirement is the final stage of one's career and marks the end of active employment. Each of these stages is associated with a set of challenges and opportunities, and navigating them successfully requires planning and preparation. Overall, these life course transitions are an essential part of the work trajectory and play a crucial role in shaping an individual's career and life.

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metaverse inc uses 58% common stock and 42% debt to finance its operations. the after-tax cost of debt is 5.4% and the cost of equity is 15.3%. management is considering a project that will produce a cash inflow of $49,600 in the first year. the cash inflows will then grow at 2.5% per year forever. what is the maximum amount the firm can initially invest in this project to avoid a negative net present value for the project? question 43 options: $599,032 $541,414 $411,406 $573,941 $482,979

Answers

$777,429.77 is the maximum amount the firm can initially invest in this project to avoid a negative net present value for the project.

To calculate the maximum amount the firm can initially invest in the project without incurring a negative net present value (NPV), we need to determine the project's NPV using the firm's weighted average cost of capital (WACC).

The WACC is calculated by multiplying the cost of equity by the weight of equity and adding it to the after-tax cost of debt multiplied by the weight of debt. In this case, the WACC can be calculated as follows:

WACC = (Cost of Equity * Weight of Equity) + (After-tax Cost of Debt * Weight of Debt)

= (0.153 * 0.58) + (0.054 * 0.42)

= 0.08874 or 8.874%

Next, we use the WACC to calculate the project's NPV. Since the cash inflows are expected to grow at a constant rate of 2.5% per year forever, we can use the perpetuity formula:

NPV = Cash Inflow / (WACC - Growth Rate)

= $49,600 / (0.08874 - 0.025)

= $49,600 / 0.06374

≈ $777,429.77

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what are two resources within you that are important when choosing a career you would like

Answers

Answer:

Your happiness


education and training


social environment

Explanation:

A project has an initial cost of $40,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capital of 10%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent.

Answers

Answer:

the net present value is $11,961

Explanation:

The computation of the project NPV is as follows;

The net present value is

= Present value of cash inflows - initial investment

= $8,000 × PVIFA factor for 11 years at 10% - $40,000

= $8,000 × 6.4951 - $40,000

= $51,961 - $40,000

= $11,961

Hence, the net present value is $11,961

The same is to be considered


Choose the option that best matches the description given.
The three levels of interventions used in the human services field include administrations,________ , and program planning.
indirect counseling, direct services, crisis intervention



Answers

Answer:

crisis intervention

Answer:

its direct services

Explanation:

trust gang

5. Groceries are considered what type of an expense?

Answers

Answer:

Fixed

Explanation:

Answer:

Necessary expense

Explanation:

You kinda need food to live

Next Saturday, best friend, Sol, and I will have separate acts in a citywide talent contest. But we've just made a _____ with each other that will help us from feeling jealous if one of us wins and one loses. We've decided that if one of us wins, that person will share the prize money with one another.

Answers

Answer:

truce

Explanation:

Here is the full question :

Next Saturday, my best friend. Sol and I will have separate acts in a citywide talent contest. But

we've just made a _____with each other that will help us from feeling jealous if one of us

wins and one loses. We've decided that if one of us wins that person will share the prize money

with the other one.

Which word BEST completes the sentence?

truce

alliance

treaty

pact

A truce is an agreement between people to stop fighting for a limited.

Sol and his best friend made an agreement that would stop them from fighting

A pact is an agreement between people

Answer:

Truce (that the correct one).

Explanation:

On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000

Answers

The  amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.

Ending inventory

Using this formula

Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment

Let plug in the formula

Ending inventory= $215,000 - $44,000 - $15,000

Ending inventory= $156,000

Therefore the correct option is E.

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which of these is the interest rate that is actually observed in financial markets? A.nominal interest rateB.real interest rateC.real risk free rateD.market

Answers

Option (a), Nominal interest rates are those that are really seen in financial markets.

What true nominal rate is there in the financial market?

The nominal interest rate refers to the rate of interest that banks, debt issuers, and investment firms advertise for loans and various sorts of investments. The investor or lender is earning or paying the set interest rate. Hence, if a borrower receives a $100 loan at a rate of 6%, they may expect to pay an interest fee of $6.

As contrast to the real interest rate, the nominal interest rate is the interest rate before taking inflation into account. According to the Fisher Effect, the nominal interest rate equals the actual interest rate plus the expected inflation rate.

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A graph titled Funding for House Elections 2011 to 2012 shows parties on the horizontal axis and dollars (hundreds of millions) on the vertical axis. Approximately 610 of Republican funding was total raised, 200 was P A C funding, and 350 was individual funding. Approximately 490 of Democratic funding was total raised, 165 was P A C funding, and 290 was individual funding.
Look at this graph, showing funding for campaigns for election to the House of Representatives, 2011–2012.

What is the most logical conclusion that can be drawn from this graph?

Both parties are dependent on raising huge sums of money to fund their House campaigns.
PAC spending is not a significant factor when it comes to raising money for House campaigns.
The Democrats will always raise more money for House campaigns from individuals than the Republicans will.
Campaign funding laws have reduced the amount of money needed to fund House campaigns.

Answers

Answer: Both parties are dependent on raising huge sums of money to fund their House campaigns.

Explanation:

Campaigning for office is no cheap endeavour as many politicians have seen and noted. Money needs to be spent on everything from renting venues to buying stationary and so the politicians turn to donors to help.

Regardless of party affiliation, this is the reality for political campaigns which is why both parties rely on huge sums of money to fund campaigns like for the U.S. House of Reps. This is confirmed by the graph described above that shows the hundreds of millions of dollars being used to campaign for the House.

Answer:

A

Explanation:

can someone help with my accounting paper?​

Answers

sure.. where is it? can u show?

Other things the same, the aggregate quantity of goods demanded in the U.S. increases if
a. real wealth falls.
b. the interest rate rises.
c. the dollar depreciates.
d. None of the above is correct.

Answers

Other things the same, the aggregate quantity of goods demanded in the U.S. increases if c. the dollar depreciates.

Firms decide how much to supply based on how much profit they expect to generate. Profits are defined by the price of the products sold by the firm as well as the price of the inputs (such as labor or raw materials) that the firm must purchase. Aggregate supply, or AS, refers to the entire amount of output (or real GDP) that enterprises will generate and sell. At each price level, the aggregate supply curve depicts the entire amount of production (real GDP) that firms will generate and sell.

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Suppose there are 1,000 businesses that produce widgets. These widgets are all basically the same, performing similar tasks with little-to-no difference in their design or performance. The market for widgets would be classified as what kind of market structure?.

Answers

The market for widgets would be classified as the perfect competition kind of market structure.

What is perfect competition?

A perfect market, also known as an atomistic market, is defined by a number of idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in the field of economics, notably general equilibrium theory. It has been shown that in theoretical models with perfect competition, a market will eventually find equilibrium where the supply of all goods and services, including labor, equals the demand for all goods and services at the price in question. It would be Pareto optimal for this equilibrium to exist. The late 19th century's economic philosophy is when the perfect competition hypothesis originated. In addition to deriving some of its key conclusions, Léon Walras provided the first precise definition of perfect competition. By Kenneth Arrow and Gérard Debreu in the 1950s, the idea was further formulated.

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in a highly competitive industry, what are the likely consequences of a firm neglecting its current core competencies?

Answers

Neglecting a firm's current core competencies can have several consequences in a highly competitive industry: Loss of market share, Decreased profitability and Decreased customer satisfaction.

Loss of market share: If a company fails to invest in its core competencies, it may lose its competitive advantage and struggle to retain its market share. Competitors who are investing in their core competencies and innovating may attract customers away from the neglected firm.

Decreased profitability: Neglecting core competencies can lead to decreased efficiency, quality, and productivity, which can result in decreased profitability over time.

Decreased customer satisfaction: A decline in the quality of products or services can lead to decreased customer satisfaction, which can harm the company's reputation and reduce the likelihood of repeat business.

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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU

What kind of lights can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark? _______ can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark.

Answers

Answer:

Accent light can be used to highlight merchandise whilst keeping other space dark.

Explanation:

Answer:

Spotlights

Explanation:

Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.

Answers

Answer:

1.51%

Explanation:

Recall that:

Total Output  = \(A\times K^a \times ^{1-a}\)

here;

A = total productivity factor

K = capital input

L = labor input

SInce  Landowners gets 50% of income; then a = 0.50

\(= A\times K^ {0.50} \times ^{1-0.50}\)

Output at 424BBC

\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)

\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)

\(=1.0151AK^{0.5}L^{0.5}\)

Thus, the growth rate from 425 BCE to 424 BCE :

= 1.0151 - 1

= 0.0151

= 1.51%

ideas are: rivalrous. sometimes rivalrous and sometimes nonrivalrous. nonrivalrous. partly rivalrous.

Answers

The categorization of ideas as rivalrous or nonrivalrous depends on factors such as exclusivity, availability, and the ability of multiple parties to use the idea without diminishing its value or utility.

Ideas can be categorized as rivalrous, sometimes rivalrous and sometimes nonrivalrous, nonrivalrous, or partly rivalrous depending on the context in which they are used. Rivalrous ideas are those that can only be used by one person or organization at a time, and their use by one party prevents another party from using them. On the other hand, nonrivalrous ideas can be used by multiple parties simultaneously without any negative impact on their use or value. Sometimes, ideas can be partly rivalrous, meaning that some aspects of the idea are rivalrous while others are nonrivalrous. Ultimately, the categorization of ideas as rivalrous or nonrivalrous depends on factors such as exclusivity, availability, and the ability of multiple parties to use the idea without diminishing its value or utility.

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Budgets are created using expenses vs.
incoming revenue. What is another word for
revenue?
A. profit
B. sales
C. cost

Answers

Answer:

B. Sales

Are sales and revenue the same?

The key difference between revenue and sales is that revenue refers to the total income a business entity generates from selling goods or providing services, as well as other income earned in the normal course of business. Sales, on the other hand, refers to the proceeds received by the company from selling goods or providing services. Although revenue and sales are sometimes conflated, there is a difference between the two. Revenue is the collective sum of money a business makes. Sales are the total compensation that a business receives from providing goods or services. Sales are a subset of revenue. In rare circumstances, revenue may be less than sales. Sales are when a customer pays a price for a company's products or services. Large businesses usually have additional revenue streams in addition to sales, including investments, services, interest, royalties, fees, and donations, to name a few. Although they may be easily distinguished in accounting terms, revenue and sales are often used interchangeably.

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Which of the following is not an example of professional behavior
?

Answers

What are the answers?

what is the difference between team performance and conflict management

Answers

Conflict management and team performance are two separate ideas that have to do with how a team works. Despite their connections, they each have a distinct purpose.

Difference between team performance and conflict management

Team Performance: A team's ability to work together effectively and accomplish goals is referred to as its team performance. It gauges how effectively a team of people collaborates to complete tasks and generate outcomes. The numerous components of team performance include cooperation, coordination, productivity, and goal achievement. It evaluates a team's overall performance and its effectiveness in achieving goals and producing desired results.

Conflict Management: Handling and resolving conflicts or disagreements that develop within a team is referred to as conflict management. Different viewpoints, objectives, interests, or working methods among team members can lead to conflict. In order to avoid disagreements having a detrimental effect on team dynamics, morale, and productivity, effective conflict management strives to confront and resolve problems in a constructive manner.

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What is the opportunity cost of studying for the test in order to get a good grade?

Answers

Answer:

the opportunity cost is the time spent studying and that money to spend on something else

The time spent studying and the money that could have been used for something else are the opportunity costs.

What is opportunity cost?

According to microeconomic theory, an activity's opportunity cost is the value or gain that is forfeited in exchange for engaging in that activity as opposed to engaging in an alternative activity. More precisely, it means that by choosing one course of action (such as making an investment), you are forfeiting the chance to take an other course of action. The activity that yields the highest return among all others, net of opportunity costs, is the one that is considered to be the ideal activity.

The goal of opportunity cost is to ensure efficient use of limited resources as a depiction of the relationship between scarcity and choice. It takes into account all decision-related expenses, both explicit and implicit.

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Natalie books an appointment at a hair salon to get a haircut, color, and a blow dry. When it is time for her appointment, she shows up at the salon and receives these services from a stylist. This scenario illustrates that services

Answers

The scenario where Natalie books an appointment and shows up at the salon to receives the services illustrates that services are usually distributed through direct marketing channels.

Direct marketing channel refers to the sales process which directly involves the seller and end buyer without the service of intermediary.

In a direct marketing channel, the service of intermediaries (such as retailers, agent, wholesalers) are not prioritize

The medium which are most perfect for direct marketing channel includes through internet, digital media etc

In the question, Natalie books an appointment with the stylist through her phone without the service of intermediaries.

Therefore, the scenario best illustrates that services are usually distributed through direct marketing channels.

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At market equilibrium...

At market equilibrium...

Answers

I think it’s c I don’t really know but I think it is

Stephens Marine Repair is trying to establish the standard labor cost of a typical watercooling pump repair. The following data have been collected from time and motion studies conducted over the past month.
Actual time spend on pump repair 1.75 hours
Hourly wage rate $24.00
Payroll taxes 10% of wage rate
Onsite setup and downtime 5% of actual labor time
Final adjustments and testing 10% of actual labor time
Fringe benefits 20% of wage rate

Required
(a) Determine the standard direct labor hours per pump repair
(b) Determine the standard direct labor hourly rate.
(c) Determine the standard direct labor cost per pump repair.
(d) If a pump repair took 1.75 hours at the standard hourly rate, what was the

Answers

a) The standard direct labor hours per pump repair is 2.0125 hours b) standard direct labor hourly rate is $31.20 c) standard direct labor cost per pump repair is $62.70 d)  the standard direct labor cost is $54.60.

(a) To determine the standard direct labor hours per pump repair, we need to account for the actual time spent on pump repair and the additional time for onsite setup, downtime, final adjustments, and testing.

Actual time spent on pump repair: 1.75 hours

Onsite setup and downtime: 5% of actual labor time = 0.05 * 1.75 = 0.0875 hours

Final adjustments and testing: 10% of actual labor time = 0.10 * 1.75 = 0.175 hours

Standard direct labor hours per pump repair:

Actual labor time + Onsite setup and downtime + Final adjustments and testing

= 1.75 + 0.0875 + 0.175

= 2.0125 hours

(b) To determine the standard direct labor hourly rate, we need to consider the hourly wage rate, payroll taxes, and fringe benefits.

Hourly wage rate: $24.00

Payroll taxes: 10% of wage rate = 0.10 * $24.00 = $2.40

Fringe benefits: 20% of wage rate = 0.20 * $24.00 = $4.80

Standard direct labor hourly rate:

Hourly wage rate + Payroll taxes + Fringe benefits

= $24.00 + $2.40 + $4.80

= $31.20

(c) To determine the standard direct labor cost per pump repair, we multiply the standard direct labor hours per pump repair by the standard direct labor hourly rate.

Standard direct labor hours per pump repair: 2.0125 hours

Standard direct labor hourly rate: $31.20

Standard direct labor cost per pump repair:

Standard direct labor hours per pump repair * Standard direct labor hourly rate

= 2.0125 * $31.20

= $62.70

(d) If a pump repair took 1.75 hours at the standard hourly rate, we can calculate the standard direct labor cost for that repair.

Standard direct labor cost per pump repair: $62.70

Actual labor time for the repair: 1.75 hours

Standard direct labor cost for the pump repair:

Actual labor time * Standard direct labor hourly rate

= 1.75 * $31.20

= $54.60

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Which options does the Ink Equation dialog box provide? Check all that apply.

Clear
Copy
Correct
Erase
Preview
Write

Answers

Answer: the answer to this question is Clear, Correct,Erase,Preview,Write

Explanation:

Rodriguez Company pays $375,000 for real estate plus $19,875 in closing costs. The real estate consists of land appraised at $235,000; land improvements appraised at $70,500; and a building appraised at $164,500. Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition Apportioned Cost onces Land Land improvements Building Totals Required 2 1:01 < Required 1 3 Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note Enter debits before credits.

Answers

The total cost of the purchased assets is allocated as follows: $235,000 to land, $70,500 to land improvements, and $164,500 to the building. The journal entry to record the purchase would include debiting the respective asset accounts for their allocated costs and crediting the cash account for the total cost of the purchase.

To allocate the total cost of $394,875 among the three purchased assets, we need to determine the percentage of the appraised value of each asset relative to the total appraised value. The land's appraised value is $235,000, which is 59.41% of the total appraised value ($235,000 / ($235,000 + $70,500 + $164,500)). Therefore, the land's allocated cost is $394,875 x 59.41% = $234,563.95. Similarly, the land improvements' allocated cost is $394,875 x 17.84% = $70,463.80, and the building's allocated cost is $394,875 x 22.75% = $89,847.25.

The journal entry to record the purchase would debit the respective asset accounts for their allocated costs. We would debit the Land account for $234,563.95, the Land Improvements account for $70,463.80, and the Building account for $89,847.25. The total debits would be $394,875. The credit entry would be to the Cash account for the total cost of the purchase, which is $394,875. Therefore, the journal entry would be:

Debit Land: $234,563.95

Debit Land Improvements: $70,463.80

Debit Building: $89,847.25

Credit Cash: $394,875.

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How did the practice of slavery change in the Louisiana Colony under Spanish rule? Check all that apply.Enslaved workers were made to work on tobacco farms.Enslaved Africans gained the chance to buy their freedom.The size of the enslaved population dramatically decreased.The culture of the colony began to change due to slavery.Laws related to slavery became stricter and less tolerant. help me pls I'm stuck 30 percent off entire purchase the gloves cost $35 before the discount 1.Q = 12S^1/2P^-2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $10S. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = $10S + .08Q.Using fact that MR = P(1+1/price elasticity), what is profit maximizing price for newspaper? Don't use dollar sign.2. Q = 12S^1/2P^-2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $10S. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = $10S + .08Q.How many copies will be sold at the profit maximizing price when S = 100? Round (up) to the nearest newspaper. For all numbers x, f(x) = 3x + 3. What is the value off(3)? please answer my english homework!! in general, which species had the largest (absolute) brain? . a. h. naledi b. archaic h. sapiens c. neanderthals d. h. erectus quizlet 1. A formal report that shows what an individual owns, what an individual owes, and the difference between the two. what volume of water will you need to add 50. ml of 12m hydrochloric acid to in order to dilute the solution to 2.0m? A couple came to the emergency department with their 5-month-old child. The child was pronounced dead of sudden infant death syndrome (SIDS). In the next day or two, it will be important for this couple to do what Assume the coronavirus is behind us, so nobody has to worry about the coronavirus anymore. You have two tickets to see your favorite band perform in Baltimore. On the day of the concert there is a heavy, freak snowstorm. Getting to Baltimore is going to be risky. You try to find somebody to sell the tickets to, but there are no takers. You either attend the concert and use the tickets or you throw them away (no refunds are possible for the tickets).(1) Would your decision on whether to attend the concert, braving the snowstorm, depending on whether you had bought the tickets or they had been given to you as a gift? Why?(2) How would homo economicus decide whether or not to attend the concert? In other words, what sort of "mental calculation" would homo economicus conduct when making the decision? Read the short excerpt from John F. Kennedy's "Moon Speech" from 1962.And finally, the space effort itself, while still in its infancy, has already created a great number of new companies, and tens of thousands of new jobs. Space andrelated industries are generating new demands in investment and skilled personnel, and this city and this State, and this region, will share greatly in this growth.What was once the furthest outpost on the old frontier of the West will be the furthest outpost on the new frontier of science and space. Houston, your City ofHouston, with its Manned Spacecraft Center, will become the heart of a large scientific and engineering community. During the next 5 years the NationalAeronautics and Space Administration expects to double the number of scientists and engineers in this area, to increase its outlays for salaries and expenses to$60 million a year, to invest some $200 million in plant and laboratory facilities, and to direct or contract for new space efforts over $1 billion from this Center inthis CityWrite both a summary and a paraphrase of the text. what causes huntingtons disease? a. an iron deficiency during childhood b. a single recessive gene on chromosome 4 c. a single dominant gene on chromosome 4 d. exposure to environmental neurotoxins Mary had 3 baby lambs and 9 adult lambs. What is the ratio of adult lambs 5 pointsto baby lambs? *3:93:1O1:3 Given g(x) = 2x + 5, find g(1). Nine percent of americans say they are well informed about politics in comparison to most people. You randomly sample 200 americans and ask if they believe that they are well informed about politics in comparison to most people. What is the probability that less than 11% of the people sampled will answer yes to the question?. PLEASE HELP THIS IS TIME SENSITIVE!!!!!!!!! Two buildings on level ground are 120 m and85 m tall respectively. Given that the angle ofelevation of the top of the taller building fromthe top of the shorter building is 33. 99, find thedistance between the two buildings. Zola and her friends are going bowling. The bowling alley charges each person a $14 fee to rent shoes, plus $4.50 per game. Which equation represents the cost, y, for each friend to go bowling in terms of the number of games played, x? Read the following direct quotation, and then choose the option that paraphrases it correctly without plagiarizing the source."Television is an invention that permits you to be entertained in your living room by people you wouldn't have in your home." David Frost, British television journalistThe British television journalist David Frost thought that the best way to entertain guests was to watch television together.David Frost poked fun at the idea of television being a means of allowing people into your home to entertain you whom you would never invite in otherwise.The thing about television is, it is an invention that permits you to be entertained in your living room by people you wouldn't have in your home.Television is an innovation that allows you to be entertained in your living room by people you wouldn't have in your home.