answer.
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
8090 [49]
2 years ago
4

Teshin Co. purchases a piece of land with several land improvements for $180,000. The land appraisers at $120,000 and the land i

mprovements appraise at $80,000. The land should be recorded at what cost
Business
1 answer:
Dafna11 [192]2 years ago
7 0

Answer:

$180,000

Explanation:

According to the historical cost principle, the land should be recorded at purchase price or acquisition price whether appraisal value is also given but it always recorded at historical price at which the land is purchased

In the given case, a piece of land is purchased for $180,000 and the appraisal value is also given so for recording the land value, we recorded at the $180,000 only.

You might be interested in
Jaxon Furnishings Company is considering logging opportunities in Alaska to obtain wood for their products. The market analysis
Alex787 [66]

Answer:

Jaxon Furnishings Company Vs Logging Opportunities in Alaska

Comparison of the benefits of increased wood production to the costs of deforestation:

The company is using the __environmental sustainability___ approach to make this ethical decision.

Explanation:

According to brittanica.com, environmental "sustainability is understood as a form of intergenerational ethics in which the environmental and economic actions taken by present persons do not diminish the opportunities of future persons to enjoy similar levels of wealth, utility, or welfare."

An approach to an ethical decision is sustainable when it considers the long-term benefits and costs associated with the decision, instead of concentrating on the short-term benefits as some business transactions are done.  Short-termism selfishly considers the immediate gains from a transaction.  It lacks a futuristic appetite for the good of future generations.

3 0
2 years ago
Department A had a beginning inventory balance of 25 units which were 40% complete. During the accounting period, the department
GarryVolchara [31]

Answer:

the equivalent units of production is 250 units

Explanation:

The computation of the equivalent units of production is units under FIFO method is shown below:

= Opening inventory balance in units + additional units - ending inventory balance units

= 25 units + 275 units - 50 units

= 250 units

hence, the equivalent units of production is 250 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0
2 years ago
Match each situation with the fraud triangle factor (opportunity, financial pressure, or rationalization) that best describes it
fomenos

Answer:

(a) An employee’s monthly credit card payments are nearly 75% of her monthly earnings. select a fraud triangle factor. Financial pressure.

(b) An employee earns minimum wage at a firm that has reported record earnings for each of the last five years. select a fraud triangle factor. Rationalization.

(c) An employee has an expensive gambling habit. select a fraud triangle factor. Financial pressure.

(d) An employee has check-writing and -signing responsibilities for a small company, and is also responsible for reconci. Opportunity.

Explanation:

Fraud refers to obtaining something of value with a false representation of facts.

The fraud triangle factors are:

Opportunity: A situation that allows fraud to happen, for example, there are no internal controls in a company.

Financial pressure: There is a need that takes a person to commit fraud, for example, a debt.

Rationalization: The person that commits the fraud justifies it in his mind, for example, the person needs the money more than the big organization.

3 0
2 years ago
Organic foods international has decided to increase its market share by hiring a marketing rep to visit businesses in the area a
katrin2010 [14]
<span>Organic foods is using a growth strategy. A growth strategy is a strategy companies use when they want to grow their product depth, customer basis or product knowledge. There are four broad growth strategies to help a company achieve success. The four main growth strategies are </span>diversification, product development, market penetration, and market development.  
4 0
2 years ago
Capital budgeting projects typically assume that all cash flows transpire at the end of the year. The reason for this is that:
garri49 [273]

Explanation:

This is an easy way for a manager to make an effective decision to carry out a capital budget project by analyzing a company's inflows and outflows from a period and determining what is the rate of resources and what are the aggregate risks for realization. investment that brings a positive return consistent with organizational objectives.

6 0
2 years ago
Other questions:
  • You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s
    14·1 answer
  • A computer store has purchased three computers of a certain type at $500 apiece. It will sell them for $1000 apiece. The manufac
    9·1 answer
  • When the supply of bubble gum increases while the demand for bubble gum decreases, the equilibrium ________ of bubble gum will d
    15·2 answers
  • "North Shore Community College reimburses faculty members $.535 cents per mile to go to a workshop. Professor Wales submitted he
    14·1 answer
  • Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using M
    7·1 answer
  • The Pinkerton Publishing Company is considering two mutually exclusive expansion plans. Plan A calls for the expenditure of $56
    10·1 answer
  • Did you hear that Glenn is returning back to the States, to work in corporate headquarters as vice president of environmental se
    15·2 answers
  • The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $660,000; Office salaries, $132,000; Feder
    12·1 answer
  • Ronaldo Soccer Shop's income statement reports sales of $100,000; cost of goods sold of $46,000, operating expenses of $34,000,
    6·1 answer
  • Simmons Consulting Co. has the following accounts in ts ledger Cash: Accounts Receivable Supplies: Office Equipment Accounts Pay
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!