The product of the company's variable selling and administrative rate and budgeted unit sales will be the company's variable selling and administrative expense budget.
What is budget?
A budget is an estimate of income and expenditures for a given future period of time, and it is typically created and updated on a regular basis. A person, a group of people, a business, a government, or pretty much anything else that makes and spends money can all have budgets. Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, and be able to buy expensive items without going into debt. It doesn't have to be tedious, you don't have to be good at math, and keeping track of your income and expenses doesn't mean you can't purchase the items you want. Simply put, it indicates that you will have more financial control and knowledge of your spending.
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on january 2, 2021, howdy doody corporation purchased 12% of ranger corporation's common stock for $50,000. during 2021, ranger had net income of $100,000 and declared and paid a dividend of $60,000. on december 31, 2021, the fair value of the ranger stock owned by howdy doody had increased to $70,000. how much should howdy doody show in the 2021 income statement as income from this investment?
The amount that Howdy Doody shows in the 2021 income statement as income from this investment will be:
= $60,000 × 12%
= $60,000 × 0.12
= $7,200
A agency's stability sheet might also show the budget it has invested in different organizations. Investments seem on a balance sheet in numerous methods: as not unusual or preferred stocks, mutual price range, and notes payable. Occasionally they are made to position extra coins to work for quick periods.
An investment is an asset or item obtained with the intention of generating earnings or appreciation. Appreciation refers to an increase in the fee of an asset through the years. While individual purchases a good as funding, the cause is not to devour the best but rather to apply it in the destiny to create wealth.
An investment is an asset or object accrued with the goal of producing income or reputation. In an economic outlook, an investment is the purchase of goods that aren't fed on today but are used in the destiny to generate wealth.
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Which step of the performance management process are heidi and christopher at in the beginning of the video?.
At the beginning of the stated video Heidi and Christopher was at the crucial step that called Review Performance of management .
What is Review Performance ?According to my point of view, Heidi handled the performance review because she gives each individual and the group adequate comments and information about their performance, helps to change behavior toward effective working, and provides statistics for Christopher to reference.
Performance expectations, monitoring, measuring, and assessment are all part of the process- and managerial-based foundation of performance management. Christopher's overall performance as well as that of another team member is being watched by Heidi. Heidi discovered concerns about the general's work on the job, and his work has an impact on how well the corporation does business.
Here, Heidi consistently describes Christopher's and the general's lesser turnover, however general complaints about his behavior were observed. The general's actions have a negative impact on employee engagement and work happiness behavior. monitoring the effectiveness and response at work.
Christopher noticed that each team member was performing very well and contributing to increased profitability, productivity .
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ceo, jack yates oversees the operations of johnson company, a public corporation with 1,200 employees. yates reports to the company's board of directors. who ultimately owns johnson company?
The Board of directors ultimately owns Johnson company.
This is because a board of directors (BoD) is the governing body of a company, elected by shareholders, who then further appoints the managers etc. for the company.
What is relationship between Board of Director and CEO?
Both board of directors (BoD) and CEOs make important and high level decisions.
Even a strong CEO cannot genuinely succeed alone. Having a positive relationship with the board is crucial because CEOs receive guidance from the board and provide feedback. Although board of directors (BoD) members are busy, it might be worthwhile to meet candidates for the position of CEO.
The CEO of a firm is in charge and has the final say when it comes to management decisions. Nevertheless, the board of directors(BoD), which stands in for the owners and stockholders, is the CEO's superior. The board of directors (BoD) manages the business and sets long-term objectives. It has the authority to oust the CEO and choose a successor.
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a marketing manager is determining what went gone wrong with the campaign the company planned for its product launch in south america. the manager narrowed down the issues to sociocultural factors, which would include
The management focused on sociocultural elements, which would incorporate obvious artifacts; basic principles.
Which sociocultural components are there?Societies, cultures, and systems are all included under the umbrella term "sociocultural system." A society is a collection of related, interdependent entities. A society's shared taught behaviors and the tangible byproducts of those activities are referred to as its culture.
Consumer lifestyles, purchasing patterns, education, religion, beliefs, values, demography, socioeconomic classes, se-xual orientation, and attitudes are sociocultural variables. These elements decide whether a company's goods and services are appropriate for the needs of its clients.
The importance of sociocultural influencesA person's development and capacity for function are both reliant on sociocultural elements. Sociocultural support, demands, and other factors frequently have substantial enabling or devastating effects on the course of treatment, as well as frequently have a considerable impact on the outcomes of that treatment.
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you are the manager of a firm that sells its product in a competitive marekt at a price of $48. your fims cost function is your firms maximum profits are:
A competitive firm achieves equilibrium in a market that is competitive when the fixed market price equals the firm. The firm's maximum profits are $228.
60 + 2Q² is the total price. The derivative of the cost function with respect to the output is the marginal cost. Below is a calculation of the marginal cost.
MC = ΔTC / ΔQ = 4Q
When the marginal cost of production is equal to the price of $48 by the rival firm. The firm's production is computed in the table below.
MC = P
4Q = 48
Q = 12
The profit represents the discrepancy between the competitive firm costs and revenues. As calculated below, the profit.
π = TR - TC
π = PQ - 60 - 2Q²
π = 48 × 12 - 60 - 2 ×12²
π = 228
Hence, the profit is $228. Thus, the correct option is (B).
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Question:
You are the manager of a firm that sells its product in a competitive market at a price of $48. Your firm's cost function is C = 60 + 2Q2. Your firm's maximum profits are: a)192 b)228 c)348 d)576
which statement accurately depicts how volatile exchange rates affect the international capital market? multiple choice question. volatile exchange rates create uncertainty which might act as a brake on the growth of the international capital market. volatile exchange rates foster growth and prosperity within the international capital market. volatile exchange rates have no effect on the international capital market because it is smaller than the domestic market.
This statement accurately depicts the effects volatile exchange rates create uncertainty which might act as a brake on the growth of the international capital market.
Volatile change rates make international trade and funding decisions extra hard because volatility will increase exchange fee danger. alternate price danger. refers back to the potential to lose cash due to a exchange inside the trade price.
Trade charge volatility refers to the tendency for overseas foreign money to comprehend or depreciate in value and in the long run impacts the profitability of a exchange (or switch) remote places.
Forex fluctuations are a natural outcome of floating alternate rates, that's the norm for maximum foremost economies. numerous elements affect alternate prices, which includes a rustic's monetary performance, the outlook for inflation, interest fee differentials, capital flows and so on.
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how does jack first get lydia to actually meet parry in the fisher king? group of answer choices convincing her she had won a special promotion for a video rental membership staging an elaborate song and dance routine at a crowded train station tricking her into visiting parry's part of town buying her a gift card to a local chinese restaurant parry likes
Jack tricked Lydia into visiting Parry's part of town to meet him (option C).
What is the Fisher King?The Fisher King is the name of a 1991 American film, which refers to the Arthurian legend of the Fisher King and the Holy Grail. She was awarded several film awards, both American and international.
What is the movie about?The film is about successful radio host Jack Lucas who, on one of his radio shows, causes a listener to murder seven people in a bar and take his own life. From that moment, Jack's life changes completely and his career goes downhill and he tries to take his own life. However, he is saved by a mentally challenged drifter named Parry, who claims to be a medieval knight in search of the Holy Grail. Now, Jack has a second chance to pick up his life and help his new friend.
how does jack first get lydia to actually meet parry in the fisher king?According to the movie, Jack Lucas tricks Lydia into visiting Parry's neighborhood to meet him (option C).
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you are the manager of a firm that sells its product in a competitive marekt at a price of $50. your firm's cost function is . the profit-maximizing output for your firm is:
The profit-maximizing output for your firm is 5.
Competitive Market: When there are numerous producers striving to offer consumers the goods and services they require, that market is said to be competitive. No one producer or consumer can control the market in a competitive one. The five traits of profit, diminishability, rivalry, excludability, and rejectability are shared by all competitive markets.
Cost Function: The functional relationship between cost and output is referred to as the "cost function." It examines the cost behaviour at various output levels under the assumption of constant technology. It can be stated as follows: C = f(Q) (where Q = Quantum of output and C = Cost of production).
Profit-maximizing Output: When the value of the final unit of production (marginal revenue) equals the cost of generating the final unit of production, a manager optimises profit (marginal cost). Maximum profit is the output at which MC and MR are equal.
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market modification strategies include finding new customers, increasing product , and creating a new use situations. multiple choice question. use modifications awareness advertising
(a) Use
What are market modification strategies?
Market modification - this includes entering new market segments, redefining target markets, winning over competitor's customers, converting non-users. product modification.
For example, adjusting or improving your product's features, quality, pricing and differentiating it from other products in the marking.
What are the types of market strategies?
Types Of Marketing Strategies are:
Market Penetration Strategy.Market Development Strategy.Product Development Strategy.Diversification Strategy.To learn more about Marketing Strategies from the given link
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In the ________ activity of scm, organizations coordinate the receipt of customer orders, develop a network of warehouses, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
In the Deliver activity of scm, organizations coordinate the receipt of customer orders, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organization or organization (Commonwealth English; see spelling variations). The word is derived from the Greek word organon, which also refers to an instrument, an organ, and many tools. An organization that concurrently performs functions for the public good and expands commercial market activities is known as a hybrid organization.
Secret societies, criminal groups, and resistance movements are examples of organizations that may also function covertly or unlawfully. And occasionally there might be challenges from other organizations.
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in addition to the trade-off between current consumption and investment in capital and research, what other trade-offs do governments face in terms of economic growth?
Natural environment trade -off the government faces in the terms of economic growth, in addition to the trade- off between current consumption and investment in capital and research.
What is the meaning of Trade-Off?Economics is full of tradeoffs; Trade- off refers to forgoing a benefit or opportunity while making a choice. In economics trade off refers to opportunity cost which is the most preferred alternative. A trade off refers to the sacrifice made for getting a particular product or experience concept of trade- off is used to describe the everyday situations.
Many factors affect the trade- off environment of a particular country like availability of raw materials, skilled labor, machinery, technology, capital, market rate. Trade- off are positive in competition and essential for strategy . Trade- off are used in many business and real-life situations. Business is a game of trade- offs, Opportunity cost and trade off plays an important role in the business decisions.
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which of the following statements is false? group of answer choices mortgage interest on a primary residence is fully deductible for new mortgages up to $750,000 points paid on a new mortgage are fully deductible in the year incurred points paid on a refinancing are fully deductible in the year incurred in most cases, interest on a home equity loan is fully deductible in the year incurred if the proceeds are used to improve the property
The false statement is- Points paid on a refinancing are fully deductible
in the year incurred.
Refinancing is the process of swapping out an existing debt obligation for a new one with a new term and cost of borrowing. Based on a variety of economic factors including risk inherent, anticipated risk, political and economic stability of a country, currency stability, financial regulations, borrower's credit ratings, and country's credit score, the conditions and terms of refinancing may vary markedly by nation, provincial capital, or state. Mortgages on primary residences and vehicle loan are two typical forms of refinancing in many developed countries.
Borrowers usually decide for refinancing when there is substantial change in economic environment.
The complete question is here:
Which of the following statements is FALSE?
(a) Mortgage interest on a primary residence is
fully deductible for mortgages up to $750,000.
(b) Points paid on a new mortgage are fully deductible
in the year incurred.
(c) Points paid on a refinancing are fully deductible
in the year incurred.
(d) In most cases, interest on a home equity loan
is fully deductible in the year incurred.
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the dean of a business school is forecasting total student enrollment for next year based on the following historical data: year total enrollment 1 1600 2 2000 3 2200 4 2600 5 3000 what is 6th year's forecast using the naive approach? group of answer choices 2,200 2,800 none of the choices 2,000 3,400
Based on the latest observed data, the 6th year's forecast using the naive approach is 3000 total enrollment.
The naive approach in forecasting takes the value in the previous period and predicts that it will happen exactly the same.
Data from the problem:
Year total enrollment
1 1600
2 2000
3 2200
4 2600
5 3000
The last data is the data of the 5th year, that is 3000 students enrolled. Since the naive approach uses the latest observed data to predict the outcome for the 6th year, then the 6th year forecast is 3000 students enrolled.
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determine which statements below are correct regarding merchandise available for sale during a period. (check all that apply.)multiple select question.cost of goods sold beginning inventory
The merchandise available for sale during a period correctly corresponds to the initial inventory term.
What is a beginning inventory examples?Beginning inventory is an economic term that refers to products or merchandise that are recorded at the beginning of an accounting year. The initial inventory is the amount of products that you have just before starting the process of selling them, it is the point of reference to compare the variations that may arise as a result of the sale.
What is the beginning inventory for?Initial inventory is a very important process when we want to start a business. In this inventory we must include all the goods that are our property and the products that we have available to sell. This will allow us to know how much we have sold, when we should contact our supplier to request more product and even when we are losing.
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giuseppa works for a company that distributes shares of stock to all the employees by placing the stock in a trust. her company has a(n) ownership plan.multiple choice question.401kgainsharingemployee stockprofit sharing
Giuseppa works for a company that distributes shares of stock to all employees by placing the stock in a trust, her company has an employee stock ownership plan.
What is an employee stock ownership plan?An employee stock ownership plan is described as a sort of benefit plan for employees. In this format, the employees of a company receive an ownership interest in the form of stocks that are shared with the employees. It is important to mention that the sharing of the stocks with the employee is a sort of remuneration system. The stocks of the company in such a scenario perform in a better way.
In this scenario, Giuseppa works for a company that shares the stocks with all the employees. The employees are remunerated through the stocks and employees become the shareholders of the company.
It can be concluded that Giuseppa works for a company that distributes shares of stock to all employees by placing the stock in a trust, her company has an employee stock ownership plan.
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an international nonprofit has been experiencing high turnover among its analysts, who are experts in their areas of specialty. this inability to retain staff has prevented the organization from developing strategies to improve healthcare and education in the countries where it operates. the ceo hires you as a consultant to help solve this problem. what recommendations are you most likely to make? check all that apply.
As a consultant, I will advise the company to give analysts autonomy while paying them well to reduce employee turnover.
Recommendations are -
Send analysts to academic and professional seminars in their areas of interest. Give analysts a high degree of autonomy in deciding how to do their work. Pay analysts a premium relative to the market rate for their work.
The number of employees who leave an organization during a certain period of time, usually a year, is referred to as employee turnover or employee turnover rate. Although an organization counts the total number of workers leaving, turnover can also relate to divisions within the organization, such as specific departments or ethnic or racial groups.
Here in this case, the organization can reduce employee turnover, especially analysts, by providing them with certain benefits such as full work autonomy, remuneration according to market rates, which will motivate them and ultimately reduce employee turnover.
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The complete question is here:
An international nonprofit has been experiencing high turnover among its analysts, who are experts in their areas of specialty. This inability to retain staff has prevented the organization from developing strategies to improve healthcare and education in the countries where it operates. The CEO hires you as a consultant to help solve this problem. What recommendations are you most likely to make? Check all that apply.
Send analysts to academic and professional seminars in their fields of interest.Evaluate analysts’ performance according to quantitative measures of their output.Give analysts a high degree of autonomy in deciding how to do their work.Pay analysts a premium relative to the market rate for their jobs.assume that one year ago you bought 100 shares of a mutual fund for $13.50 per share, you received $0.42 per share capital gain distribution during the past 12 months, and the market value of the fund is now $17. calculate the percent of total return for your investment.
Total return per share=Capital gain distribution +sale value-purchase value=$0.42+$17-$13.5
=$0.42+$3.5
=$3.92
total return for 100 shares=100*$3.92
=$392
return on investment=$392*100/$1,350
=29.04%
A share is a monetary tool that represents the part ownership of a business enterprise. A stock is a monetary device that represents element ownership in one or more corporations. The price of distinct shares of a business enterprise may be the same for each different.
Comparable Terminology. Of the two, "stocks" is the extra fashionable, commonplace term. It's miles regularly used to explain a slice of ownership of 1 or extra corporations. In assessment, in commonplace parlance, "stocks" have an extra unique which means: It often refers to the possession of a particular company.
A share fee – or an inventory fee – is the quantity it might value to shop for one proportion in a company. The rate of a proportion is not fixed, however, fluctuates according to marketplace situations. It will likely grow if the employer is given the impression to be doing nicely, or fall if the company isn't always meeting expectancies.
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which of the following is a positive economic statement? group of answer choices reducing unemployment should be the highest priority of the federal government. an increase in unemployment benefits will increase the unemployment rate. corporations should be prohibited from laying off workers during a recession. congress should increase unemployment benefits during a recession.
An increase in unemployment benefits will increase the unemployment rate is a positive economic statement.
Unemployment, according to the OECD, is humans above a distinctive age now not being in paid employment or self-employment however presently to be had for paintings throughout the reference period. Unemployment is measured via the unemployment fee, which is the range of individuals who are unemployed as a percent of the labour pressure
The term unemployment refers to a scenario wherein someone actively searches for employment but is not able to locate work. Unemployment is considered to be a key measure of the fitness of the economy. The most often used measure of unemployment is the unemployment rate.
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which of the following is the most fundamental issue that economics addresses? responses choice of appropriate technology choice of appropriate technology reduction of unemployment reduction of unemployment reduction of budget deficit reduction of budget deficit promotion of privatization promotion of privatization use of scarce resources
The correct option is 'use of scarce resources'. This is the most fundamental issue that economics addresses.
Economics is the study of how economies function and the activities and interactions of economic agents. The study of microeconomics examines what are thought to be the fundamental components of the economy, such as individual agents, markets, and the relationships that result from those interactions. Examples of individual agents include homes, businesses, buyers, and sellers. Macroeconomics examines the economy as a system in which production, utilisation, saving, and investment coexist, as well as factors influencing it such as the employment of labour, capital, and land resources, monetary inflation, economic growth, and policy initiatives that have an effect on these components.
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ibis world predicts that the number of employees in the marketing research industry will expand at an average annual rate of 7% through 2022, with wages predicted to increase at an average annual rate of 11%. answer: false true false
IBIS World is the world's largest publisher of industry data, offering a reliable database of useful information on 700 industries.
How big is the industry of market research?
In 2022, the Market Research industry's revenue is estimated to be $28.5 billion.What will be the market research industry's annual growth rate in the United States in 2022?In 2022, it is anticipated that the Market Research industry's market size will grow by 2.4%.
What is the purpose of IBISWorld?
Established in 1971, IBISWorld gives believed industry research on a great many businesses around the world.For the purpose of assisting businesses of all sizes in making better business decisions, our in-house analysts make use of market, demographic, and economic data before incorporating analytical and forward-looking insight.
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the method of estimating inventory that uses records of the selling prices of the merchandise is called a.average cost method b.inventory turnover method c.retail method d.gross profit method
The method of estimating inventory that uses records of the selling prices of the merchandise is called retail method. The correct answer would be option C.
An accounting technique called the "Retail Inventory Method" is used to predict the value of a store's inventory over time. To calculate it, add up the total list price of all the items in your inventory, deduct the total sales and then multiply the result by the cost to retail rate.
In order to avoid awkward situations where a customer requests an item they don't have, retail establishments and restaurants who need a way to keep track of their particular items must use the retail inventory method. Despite being helpful, this strategy is insufficient for year end financial statements due to its approach.
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at december 31 of the prior year and current year, jet corp. had 100,000 shares of common stock and 10,000 shares of 5%, $100 par value noncumulative preferred stock outstanding. no dividends were declared on either the preferred or the common stock in the prior year and current year. net income for the current year was $1,000,000. compute basic earnings per common share for the current year.
The amount of dividends that common investors will get this year is $950,000.
Detailed solution
as evidence
10,000 shares
rate = 5%
each worth $100
dividend = $1 million
finding out
amount of dividends that common investors have received
solution
First Annual Preferred Stock Dividend received, that is
(10000 x $100) 5% annual preferred stock dividend
$50000 is the annual preferred stock dividend.
and we are aware that the prior year saw no dividends declared.
hence, the dividend paid to holders of common stock will be
$1,000,000 - $50000 is the dividend paid to common stockholders.
$950,000 was the dividend paid to common stockholders.
therefore, the ordinary stockholders received $950,000 in dividends this year.
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when hasbro comes up with an idea for a new toy, it needs to ensure that the children who play with the toy will not choke on any of its parts and that the toy in general will not be a hazard to the children who will be using it. in what stage of the new-product development process will these safety checks occur?
Product development stage is the stage of the new product development process these safety checks occurs.
What are the 5 stages of product development?Five stages guide the new product development process:
idea generation, screening, concept development, product development and, finally, commercialization.Why is product development important?Product development strategies are crucial to ensure value for your customers, as well as ensuring that there is suitable demand and that your final products are of the highest possible quality before you introduce the products to market.
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one of the advantages of a narrow span of control is: group of answer choices more levels of management a high degree of control greater organizational flexibility increased employee autonomy top management isolation
The correct answer is: A high degree of control
A management style is known as "limited span of control" involves managing just a few personnel. The number of workers who report to a supervisor in a corporation is referred to as the span of control. Wide spans of control, in which several employees rather than a small number report to a single boss, are the reverse of narrow spans of control.
The advantages of a narrow span of control are:
Enhanced communicationImproved employee satisfactionIncreased awarenessCloser teamsMore comprehensive trainingThe disadvantages of a narrow span of control are:
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holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. holly paid $370 for the meal and separately paid $218 for the theater tickets, amounts that were reasonable under the circumstances. what amount of these expenditures can holly deduct as a business expense?
The amount of these expenditures can holly deduct as a business expense is $185
The cost of entertainment is not deductible ($370 × 50% = $185).
Costs incurred in the regular course of business are referred to as business expenses. They can be used by both big and small businesses. The income statement includes expenses related to the business. To determine a company's taxable net income, business expenses are deducted from revenue on the income statement.
Deductions for office supplies, credit card processing costs, tax preparation costs, and equipment and property upkeep are also available. Still, you can write off a portion of other company costs by depreciating them or amortizing them over a period of time.
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assume that you own 800 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $22.50. required: how many shares of common stock will you own after the stock split? what will probably happen to the market price per share of the stock?
I would have 4000 shares after the stock split and market price per share of stock is $4.5.
A stock split may be defined as a method by which a company or an organization increases the number of its shares which are outstanding. A stock split leads to a fall in the price per share of the company. There is no effect on the market capitalization of a firm in a stock split. The meaning of a five for one split is that for every one stock a shareholder owns, it is multiplied by 5.
Number of stocks a shareholder has after a 5-for-1 stock split = 5 x number of stocks the shareholder had before the split that is
5 x 800 = 4000 shares
Now, the market price per share of the stock will be
$22.50/5 = $4.5
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What is a benefit of investing in a certificate of deposit?
A benefit of investing in a certificate of deposit is that "You earn more interest than you would use a savings account." Option C
This is further explained below.
What is a savings account.?Generally, Visiting a branch of a bank with a form of identification authorized by the government, as well as any cash or cheques that you desire to deposit, will allow you to start a savings account.
You will also be required to provide a social security number or taxpayer identification number in addition to your address and other contact details. You can be required to establish a savings account in addition to a checking account, and the savings account might have a lower minimum deposit requirement than the checking account. Additionally, you may start a savings account with an internet bank if you so want.
Higher Interest Rates, When compared to savings accounts and money market accounts, certificates of deposit (CDs) have the potential to give greater interest rates on deposits.
This is due to the fact that you make a commitment to keep your money invested in the CD for a certain amount of time.
The annual percentage yield (APY) and the interest rate offered by the bank, as well as the length of time the certificate of deposit is held, as well as the general interest rate climate all, have a role in determining how much money you
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which one is not a criterion for supplier selection? question 1 options: a) communication capability b) enhanced skills c) quality d) cost e) location
The creation of a supplier selection scorecard is the first step in the process of selecting suppliers.
What exactly is a supplier choice?
The method by which businesses select, evaluate, and contract with suppliers is known as supplier selection. A company's financial resources are heavily expended during the supplier selection process, which is crucial to its success.
What are the three primary considerations when choosing suppliers?
Scanning a series of price lists is only one part of the process of selecting the right supplier.A lot of different things, like value for money, quality, dependability, and service, will play a role in your decision.The priorities and strategy of your business will determine how you weigh these various factors.
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land and a warehouse were acquired for $890,000. what amounts should be recorded in the accounting records for the land and for the warehouse if an appraisal showed the estimated values to be $400,000 for the land and $700,000 for the warehouse? (round intermediate percentage calculations to 1 decimal place.) multiple choice
$323,960 for Land and $566,040 for warehouse should be recorded in the accounting records.
What do you mean by accounting?
Accounting is the measurement, processing, and exchange of financial and non-financial information regarding economic entities such as enterprises and corporations. Accounting, also known as the "language of business," measures and communicates the outcomes of an organization's economic operations to a wide range of stakeholders, including investors, creditors, managers, and regulators.
When the combined assets are purchased in a lump payment, the standalone price is computed as a percentage of the assets' fair worth.
As a result, the value of land that should be documented = Consideration Paid × Fair Value of the Land / (Fair value of Land + Fair value of Warehouse)
= $890,000 × $400,000 / ($400,000 + $700,000)
= $323,960
As a result, the value of land that should be documented= Consideration Paid × Fair Value of the Land / (Fair value of Land + Fair value of Warehouse)
= $890,000 × $700,000 / ($400,000 + $700,000)
= $566,040
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Complete Question
Land and a warehouse were acquired for $890,000. What amounts should be recorded in the accounting records for the land and for the warehouse if an appraisal showed the estimated values to be $400,000 for the land and $700,000 for the warehouse? (Round intermediate percentage calculations to 1 decimal place.)
A $190,000 for land; $700,000 for warehouse
B. $400,000 for land: $490,000 for warehouse
C. $400,000 for land; $700,000 for warehouse
D. $323,960 for land: $566,040 for warehouse
cyclical unemployment is the group of answer choices portion of unemployment that is due to the normal working of the labor market. unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work. portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. unemployment that occurs during recessions and depressions.
Cyclical unemployment is the group of unemployment that occurs during recessions and depressions.
Economists describe cyclical unemployment as the end result of organizations no longer having sufficient demand for exertions to appoint all folks who are looking for paintings at that factor inside the commercial enterprise cycle. whilst call for for a product and provider declines, there may be a corresponding discount in deliver production to compensate.
Cyclical unemployment is the issue of standard unemployment that outcomes without delay from cycles of economic upturn and downturn. Unemployment normally rises all through recessions and declines during economic expansions.
Cyclical unemployment may be because of a recession, which is a duration of negative monetary increase. Cyclical unemployment can also be as a result of downturns in a enterprise cycle in which call for for items and services decreases through the years.
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