Homework Answers
Add Answer to:
9- An investor is considering buying some land for $100,000 and constructing an office building 32...
9- An investor is considering buying some land for $100,000 and constructing an office building 32...
9- An investor is considering buying some land for $100,000 and constructing an office building 32 on it. Three different buildings are being analyzed. Building Height 2 Stories 5 Stories 10 Stories Cost of building (excluding cost of land) |$500,000 $900,000 $2,200,000 Resale value* of land + building after 20-year 200,000 300,000 350,000 horizon Annual net rental income 70,000 110,000 215,000 * Resale value considered a reduction in cost-not a benefit. Using benefit-cost ratio analysis and a 7% MARR, determine...
9-32 An investor is considering buying some land for $100,000 and constructing an office building on...
9-32 An investor is considering buying some land for $100,000 and constructing an office building on it. Three different buildings are being analyzed. Building Height 2 Stories 5 Stories 10 Stories $2,100,000 400,000 Cost of building (excluding $400,000 $800,000 cost of land) Resale value of land + 200,000 300,000 building after 20-year horizon Annual net rental income 70,000 105,000 256,000 *Resale value considered a reduction in cost-not a benefit. Using benefit-cost ratio analysis and an 8% MARR, determine which alternative,...
A company is considering constructing a plant to manufacture a proposed new product. The land cos...
A company is considering constructing a plant to manufacture a proposed new product. The land costs $300,000, the building costs $550,000, the equipment costs $300,000, and $100,000 additional working capital is required. It is expected that the product will result in sales of $900,000 per year for 12 years, at which time the land can be sold for $350,000, the building for $350,000, and the equipment for $40,000. All of the working capital would be recovered at the ΕΟΥ 12....
A company is considering constructing a plant to manufacture a proposed new product. The land costs...
A company is considering constructing a plant to manufacture a proposed new product. The land costs $350,000, the building costs $600,000, the equipment costs $250,000, and $150,000 additional working capital is required. It is expected that the product will result in sales of $900,000 per year for 10 years, at which time the land can be sold for $450,000, the building for $400,000, and the equipment for $50,000. All of the working capital would be recovered at the EOY 10....
Bonner company paid $855,000 for a tract of land which included a warehouse and office building....
Bonner company paid $855,000 for a tract of land which included a warehouse and office building. The land, warehouse and office building originally cost $280,000, $180,000, and $340,000 respectively and the current assessed values are $300,000, $200,000, and $400,000 respectively. How should Bonner calculate what value to record for Land? A 300,000 / 900,000 x 855,000 B 280,000 / 800,000 x 855,000 C 300,000 / 800,000 x 855,000 D 280,000 / 900,000 x 855,000 Cost of goods available for sale...
only need part b worksheet Illustration #3 Pepper Company, which is a calendar-year-reporting company, purchased 100%...
only need part b worksheet
Illustration #3 Pepper Company, which is a calendar-year-reporting company, purchased 100% of the common stock of Salt Inc. for $325,000 on 12/31/17. On the acquisition date, the following net assets of Salt had fair values different than book value: Cost FMV Inventory 80,000 75,000 Turnover 6 times per year Land 70,000 100,000 Building and equipment 220,000 210,000 10 year life Accumulated depreciation (60,000) Covenant-not-to-complete 40,000 4 year life Bonds payable 150,000 175,000 10 years to...
Pepper Company, which is a calendar-year-reporting company, purchased 100% of the common stock of Salt Inc....
Pepper Company, which is a calendar-year-reporting company, purchased 100% of the common stock of Salt Inc. for $325,000 on 12/31/15. Pepper declared dividends of $80,000 and Salt declared dividends of $10,000 during 2015. Each company's financial statements for the year ended 12/31/15 immediately after the acquisition are as follows: Income Statement (2015) Sales Cost of sales Expenses Net Income Pepper Co. (900,000) 500,000 260,000 (140,000) Salt Co. (500,000) 250,000 202,000 (48,000) 20,000 70,000 80,000 Balance Sheet (as of 12/31/15) Cash...
Michaels Company Below find the trial balance for Michaels for the year ended December 31, 2019....
Michaels Company Below find the trial balance for Michaels for the year ended December 31, 2019. Using these accounts please prepare a classified balance Sheet at December 31, 2019 Account Name Debit (Credit) Accounts Payable (140,000) Accounts Receivable 170,000 Accumulated Depreciation=Equip (180,000) Accumulated Depreciation-Bldg (370,000) Allowance for uncollectible Accounts (10,000) Bond Sinking Fund 250,000 Bonds Payable (1,000,000) Building 1,050,000 Cash 150,000 Cash Surrender Value of Life Insurance 45,000 Common Stock, $1 par 400,000 shares authorized 100,000 shares issued (100,000) Copyrights...
In addition to purchasing the franchise, Top Quality Appliance-Long Beach will also purchase land...
2 through 8 please.
In addition to purchasing the franchise, Top Quality Appliance-Long Beach will also purchase land with an existing building to use for its retail store, store fixtures, and office equipment. The business will purchase appliances from TQA and resell them in its store, primarily to local building contractors for installation in new homes Following is the chart of accounts for Top Quality Appliance-Long Beach. As a new business, all beginning balances are SO Top Quality Appliance-Long Beach...
9. Rios, Inc. uses International Financial Reporting Standards (IFRS). In 2018, Rios, Inc. experienced a decline in the...
9. Rios, Inc. uses International Financial Reporting Standards (IFRS). In 2018, Rios, Inc. experienced a decline in the value of its inventory resulting in a write-down of its inventory from €240,000 to €200,000. The company used the loss method in 2018 to record the necessary adjustment and uses an allowance account to reduce inventory to NRV. In 2019, market conditions have improved dramatically and Rios, Inc.’s inventory increases to an NRV of €216,000. Which of the following will Rios, Inc....
9- An investor is considering buying some land for $100,000 and constructing an office building 32 on it. Three different buildings are being analyzed. Building Height 2 Stories 5 Stories 10 Stories Cost of building (excluding cost of land) |$500,000 $900,000 $2,200,000 Resale value* of land + building after 20-year 200,000 300,000 350,000 horizon Annual net rental income 70,000 110,000 215,000 * Resale value considered a reduction in cost-not a benefit. Using benefit-cost ratio analysis and a 7% MARR, determine...
9-32 An investor is considering buying some land for $100,000 and constructing an office building on it. Three different buildings are being analyzed. Building Height 2 Stories 5 Stories 10 Stories $2,100,000 400,000 Cost of building (excluding $400,000 $800,000 cost of land) Resale value of land + 200,000 300,000 building after 20-year horizon Annual net rental income 70,000 105,000 256,000 *Resale value considered a reduction in cost-not a benefit. Using benefit-cost ratio analysis and an 8% MARR, determine which alternative,...
A company is considering constructing a plant to manufacture a proposed new product. The land costs $300,000, the building costs $550,000, the equipment costs $300,000, and $100,000 additional working capital is required. It is expected that the product will result in sales of $900,000 per year for 12 years, at which time the land can be sold for $350,000, the building for $350,000, and the equipment for $40,000. All of the working capital would be recovered at the ΕΟΥ 12....
A company is considering constructing a plant to manufacture a proposed new product. The land costs $350,000, the building costs $600,000, the equipment costs $250,000, and $150,000 additional working capital is required. It is expected that the product will result in sales of $900,000 per year for 10 years, at which time the land can be sold for $450,000, the building for $400,000, and the equipment for $50,000. All of the working capital would be recovered at the EOY 10....
only need part b worksheet
Illustration #3 Pepper Company, which is a calendar-year-reporting company, purchased 100% of the common stock of Salt Inc. for $325,000 on 12/31/17. On the acquisition date, the following net assets of Salt had fair values different than book value: Cost FMV Inventory 80,000 75,000 Turnover 6 times per year Land 70,000 100,000 Building and equipment 220,000 210,000 10 year life Accumulated depreciation (60,000) Covenant-not-to-complete 40,000 4 year life Bonds payable 150,000 175,000 10 years to...
Pepper Company, which is a calendar-year-reporting company, purchased 100% of the common stock of Salt Inc. for $325,000 on 12/31/15. Pepper declared dividends of $80,000 and Salt declared dividends of $10,000 during 2015. Each company's financial statements for the year ended 12/31/15 immediately after the acquisition are as follows: Income Statement (2015) Sales Cost of sales Expenses Net Income Pepper Co. (900,000) 500,000 260,000 (140,000) Salt Co. (500,000) 250,000 202,000 (48,000) 20,000 70,000 80,000 Balance Sheet (as of 12/31/15) Cash...
2 through 8 please.
In addition to purchasing the franchise, Top Quality Appliance-Long Beach will also purchase land with an existing building to use for its retail store, store fixtures, and office equipment. The business will purchase appliances from TQA and resell them in its store, primarily to local building contractors for installation in new homes Following is the chart of accounts for Top Quality Appliance-Long Beach. As a new business, all beginning balances are SO Top Quality Appliance-Long Beach...
Most questions answered within 3 hours.
-
What is the wavelength, in cm, of a microwave having a frequency
of 3.44 x 10^9...
asked 2 minutes ago -
A new business venture must develop a comprehensive business
plan to borrow money to get started....
asked 4 minutes ago -
Madtack Company uses a job-order costing system and started the month
of March with only one...
asked 6 minutes ago -
Describe how to distinguish true motility from brownian motion
and fluid flow when viewing a wet...
asked 9 minutes ago -
A manufacturer of game controllers is concerned that its
controller may be difficult for left-handed users....
asked 12 minutes ago -
Water at gauge pressure of 3.8 atmospheres at street level
enters an office building at 0.60...
asked 25 minutes ago -
Quick question, I want to know how to convert decimal numbers to
binary number, when i...
asked 46 minutes ago -
You found out that now you are going to receive payments of
$8,500 for the next...
asked 50 minutes ago -
17.
Technician A says that leaking components are usually repaired
rather than replaced. Technician B says...
asked 51 minutes ago -
A) An Operon is:?
1- A gene that affect another gene
transcription.
2. A gene coding...
asked 57 minutes ago -
When opening a file, use this method to determine whether a file
exists before you attempt...
asked 1 hour ago -
Sales total $300,000 when variable costs total $180,000 and
fixed costs are $60,000. Breakeven sales total:...
asked 1 hour ago