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Finger [1]
2 years ago
7

At December​ 31, ​, Corporation has cash of ​million, accounts receivable of ​million, and​ long-term assets of million. The com

pany owes accounts payable of million and has a​ long-term note payable of million. has common stock of million and retained earnings of million. Prepare ​Corporation's balance sheet at December​ 31, ​, complete with its proper heading.
Business
1 answer:
saveliy_v [14]2 years ago
6 0

Answer:

Balance Sheet December 31

Assets

Cash                              $1,000,000

Accounts Receivable   $1,000,000

Long-term assets         $1,000,000

Total Assets                 $3,000,000

Liabilities

Accounts Payable        $1,000,000

Long-term note            $1,000,000

Total Liabilities             $2,000,000

Stockholder's Equity

Common Stock             $1,000,000

Retained Earnings        $1,000,000

Total Stockholder's Equity $2,000,000

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Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 181,000 R
Elena-2011 [213]

Answer:

<em><u>Any cost directly attributable to bring the asset into current location and condition necessary for it to be capable of operating it, in the manner intended by the management ( Para 15) 4.1.1. Clause b</u></em>

According to this the cost must be allocated to the purchase of land.

There are three scenarios.

1) if the land with a building is purchased with the intention of demolishing an old building and building a new building then selling it all the costs would be assigned to the purchase of land.

2) if the land is purchased with the building on it and that building is used for a short time and then demolished then the building demolish charges would be expense out.

3)if the land with a building is purchased with the intention of demolishing an old building and building a new building then  using it then two different costs accounts of land and building would be used. We would not demolish the old building without the new building being made so the demolish would be added in the incremental costs of the new building.

The given question is of the third scenario therefore

Costs of Land = $ 181,000 + $ 15,600 + $ 1400 + 2600= $ 200,600

Incremental Cost of new building = $ 1600

3 0
2 years ago
Lilly Ann went to the pet store with her mother to buy a gerbil. After choosing her gerbil, she and her mother went to look at c
AnnyKZ [126]

Answer:

The correct answer is letter "E": modular design.

Explanation:

Modular design is a type of approach by which a design is divided into independent components called modules that can be arranged among them creating different systems. The greatest advantage of modular design relies on customization since the modules can be easily upgraded or changed.

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2 years ago
Giving a retailer an incentive to sell your product/service is the responsibility of which of the marketing mix?
likoan [24]

It depends on the contract. But it's mostly what seller do  ...

6 0
2 years ago
Walkane Juices is planning to launch a line of flavored beverages. It encourages consumers to take a $1,000,000 Taste Challenge.
statuscvo [17]

Answer:

use promotions to get consumers to try the brand

Explanation:

Based on the scenario being described within the question it can be said that Walkane Juices is an underdog which is trying to use promotions to get consumers to try the brand. This is done with the hopes that the promotion will attract a large amount of individuals who may otherwise never try the brand, and once they try the brand they may like it and decide to start buying the product. Thus increasing sales for the company.

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A used car can be kept for two more years and then sold for an estimated $3000, or it could be sold now for $7500. The average a
Agata [3.3K]

Answer:

b. Buy new car because EUAC of challenger is $4,904 and EUAC defender is $5,111.

Explanation:

If the used car is kept its current worth is $7,500. The maintenance for next two years will be $1,800 and $2,000. The total maintenance expense for next two years will be 3,800. The net book value for car after two years will be $7,500 - 3,800 = 3,700.

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