Geo Co. purchased a building for $400,000. In addition, Geo paid $35,000 for taxes and lawyer fees. Geo also paid $60,000 to modify the building, changing the layout specifically for Geo's needs. Geo should record the building at $
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Answer: $495,000 User “Parrain” is the person who solved this question
Explanation: ALL costs that went into the DIRECT acquisition of the asset as well as COSTS TO SET IT UP for use by the firm should be accounted for in the amount recorded. In this case that would mean that the cost price, the closing fees and the modification fees all need to be accounted in the final amount. That would be $400,000 + $35,000 + $60,000= $495,000$495,000 should be recorded as the building's cost.
Related Questions
Use the _____ function to determine information such as how much money can be earned in an investment with a specific interest rate and over a specific period of time.
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The Future value function is used to determine information such as how much money can be earned in an investment with a specific interest rate and over a specific period of time.
What is future value?The future value is what money invested today will become over time at a rate of interest. It can be used to determine the future value of a lump sum or a specified amount.
It is to be noted that the FV function calculate the future value of a series of equal payments or an annuity.
Hence, the Future value function is used to determine information such as how much money can be earned in an investment with a specific interest rate and over a specific period of time.
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In employee is taking part in a performance appraisal process that requires the employee to rate a coworker's performance. In this case, the coworker is also the employee's spouse. This situation is an example of ________.
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Performance appraisal is peculiar to establishments to better improve such. When a situation as the above is the case, then, tge situation is an example of Halo and Horn Effect.
Halo and Horn EffectHalo and Horn Effect is when our first impression of somebody leads us to have a biased positive or negative opinion of their work or company. Hence, the relationship will most likely reflect in such situation.
Therefore, the answer is Halo and Horn Effect.
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Kelsey and Jerrod have a housing ratio of 30% and a total debt obligation of 41%. Their credit score is 640. Do they meet the underwriting requirements for an FHA loan
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Based on Kelsey and Jerrod's total debt obligations, housing ratio, and credit score, They meet the underwriting requirements of an FHA loan.
What are the underwriting requirements of an FHA Loan?The applicants must have a credit score of above 500. They must also have a total debt obligation of 43% or less and a housing ratio of not more than 31%.
Kelsey and Jarrod have the required credit score, total debt obligation and housing ratio so they meet the requirements.
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What are the main differences between checking and savings accounts?.
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Answer:
Checking is used for everyday activity, as for saving it is for saving money!
Explanation:
Santander Bank: checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money.
Which of the following team members would not be involved in the design of gameplay?
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How can you get your money back if you send a p2p payment to the wrong person?.
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When a payment is sent to the wrong person using p2p, the money cannot be gotten back since it is equivalent to giving money to a wrong account. However, the person can lay a complaint to the customer service to take action.
What is P2P Payment?P2P payment is a system of payment where money is sent to another member of the crypto community in exchange for a coin to be sent to the individual's wallet. It is equivalent to giving someone cash.
When a user mistakenly sends money to the wrong person, the money cannot be gotten back. But if the sender has the details of the wrong receiver, an appeal can be made for the money to be reversed. However, if this is not the case, then the money would have to be forfeited.
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which focuses on the degree to which members of an organization are confrontational and aggressive in their relationships with others
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A prospective buyer contacts Pam, a broker, about a house on the market. The buyer tells Pam that he does not like Asians, and asks her whether there are many Asians living in the neighborhood. How should Pam answer this question
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If the buyer asks her whether there are many Asians living in the neighborhood. Pam should tell the buyer that: He/she is prohibited by law to discuss racism.
What is racism?Racism can be defined as a form of discriminations that occur among people either because of color, ethnics, age or background.
Based on the given scenario Pam should respond to the buyer by telling the buyer that racism is not allow or prohibited by law and therefore she is not allow to discuss the racial composition of a neighborhood.
Inconclusion the buyer is prohibited by law to discuss racism.
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How long do you have to work to qualify for unemployment?.
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until you are eligible to pay check entitlement
Answer: Each state determines who is eligible for unemployment insurance benefits, however you are usually eligible if you: Are jobless due to no fault of your own. In most states, this implies that you had to leave your previous position due to a lack of accessible work. Comply with all labor and wage standards.
Explanation:
Last year a company spent $11 million on Internet advertising. If that amount increases by 17 percent this year, how much will the company spend on Internet advertising?
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If a company spent that much on internet advertising and increased it by 17%, the new amount spent would be $12.87 million.
How much did the company spend on advertising?The amount spent can be calculated as:
= Amount x ( 1 + increase in advertising)
Solving gives:
= 11 million x ( 1 + 17%)
= 11 x 1.17
= $12.87 million
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Even though John is a very skilled and talented auto mechanic, his repair shop still failed due to his lack of skills in finance, marketing, customer service, and employee management. This common scenario is known as:______.
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Answer:
so I have to rip off my
Explanation:
hi all you have to put it up for me now so that we can do it properly
An externality is: a. always a benefit to the recipient. b. always a detriment to the recipient. c. an activity that occurs in a business which is unknown to management. d. unintended benefits or costs imposed on third parties as a result of economic activity. e. an act, caused by a firm located in this country, which has an effect on a person in a foreign country.
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Answer:
D
Explanation:
At any given point in time, households would demand a ____ quantity of loanable funds at ____ rates of interest. a. greater; higher b. greater; lower c. smaller; lower
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Answer:
b. greater, lower
Explanation:
True or False: The production function becomes steeper as the number of hours spent fishing increases.
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It is true that the production function becomes steeper as the number of hours spent fishing increases.
What is production function?Production function is what relate physical output of a production process to physical inputs or factors of production.
It should be noted that at higher levels of production, firms require fewer inputs to increase production by the same amount.
Hence, It is true that the production function becomes steeper as the number of hours spent fishing increases.
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Erik, a management intern at Struebing, Inc., was tasked with investigating ways for Struebing to more effectively compete on a global basis. He was intrigued to learn about ________ as a framework by which to improve quality and to gain certification in accordance with these quality standards.
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He was intrigued to learn about ISO 9001 as a framework by which to improve quality.
What is ISO 9001?ISO 9001 which full meaning is International Organization for Standardization is a quality management organization that provide a quality standard for company or organization to follow so as help them provide quality service to their customers or clients
ISO 9000 is important for companies as it enables them to improve their quality so as to meet their customer expectation.
Inconclusion he was intrigued to learn about ISO 9001 as a framework by which to improve quality.
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If a company moves ownership of activities closer to the end customer, such as providing after-sales support, it is engaging in ______ vertical integration.
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A company is engaging in forward vertical integration when it transfers ownership of activities closer to the end customer, such as providing after-sales support.
What is forward vertical integration?It is a strategy related to increasing control over your products and services by performing greater supply chain management through acquisition or business merger.
Therefore, through forward integration, a company can acquire other companies that were once its suppliers to gain competitive advantage and increase its market power.
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Greg eats pizza every day of the week. The marginal utility of pizza will most likely ________ by the end of the week, and all else being equal, this demonstrates the law of ________.
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Answer:
Greg eats pizza every day of the week. The marginal utility of pizza will most likely decrease by the end of the week, and all else being equal, this demonstrates the law of diminishing marginal utility .
The term ______ refers to the unofficial activities and interactions that are a basic part of daily operations within formal organizations. Multiple choice question.
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bureaucracy's other face
Ayayai Corp. sells merchandise on account for $2100 to Marigold Company with credit terms of 2/9, n/30. Marigold Company returns $100 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check
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Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be $1,960.
What would be the check amount?The credit terms 2/9, n/30 mean that if Marigold Company pays their balance in 9 days, they get a 2% discount.
The amount they will pay for settling their debt in that time is therefore:
= (Amount - Returns ) x ( 1 - discount)
= (2,100 - 100) x ( 1 - 2%)
= $1,960
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Question 10 of 10
Credit unions differ from banks because they don't do what?
A. Have ATM machines
B. Seek to make profits
c. Offer checking accounts
D. Give out loans
SUBMIT
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Answer:
how to get rid of the red sky episode of this is not a good time for you guys to come over for
A team of hr professionals is reviewing options for the new benefits package. During their first meeting, evona suggested offering the contract to healthplus hmo, and the others agreed with evona for the sake of unanimity, without ever researching or analyzing the decision. Evona and her team are engaged in:.
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Analyzing the case, as the agreement and unanimity of a professional team, it is correct to say that Evona and her team are engaged in groupthink.
What is groupthink?Corresponds to the cohesion and integration of a team, in which members are able to accept each other's points of view and generate consensus, without presenting critical reasoning or evaluation of other alternatives.
Therefore, although groupthink is effective for team cohesion and integration, it can lead to reduced creativity and innovation, as individuals seek consensus in order not to generate conflicts and unbalance the team.
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A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water. Calculate the morality, molality, and mole fraction of NaOH
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The morality, molality, and mole fraction of NaOH is mathematically given as
morality= 4 ppmmolality=0.7936mx1 = 0.152What are the morality, molality, and mole fraction of NaOH?
Question Parameters:
A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water.
Generally, the equation for the Molality is mathematically given as
molality = (mass / molar mass) x (1/ weight of solvent kg)
Therefore
M= (800 /40) x (1 /25.2)
M=0.7936m
Therefore
m= 10 x 18 / 1000
m= 0.18
Hence
x1 = 0.18 - 0.18 x1
1.18 x1 = 0.18
x1 = 0.152
Where the mole fraction is x1 = 0.152 The mass is
m= (800 / 800 + 2000) x 1000
m= 28.57 %
Hence the morality
molality = mg /L
molality= 8000 x 10^-3 / 2 L
morality= 4 ppm
In conclusion, the morality, molality, and mole fraction of NaOH are given respectively as
morality= 4 ppm
molality=0.7936m
x1 = 0.152
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The Shoe Company had a $5,000 beginning balance in its inventory account. During the accounting period, inventory purchases amounted to $55,000. The ending inventory balance was $4,000. Based on this information, the cost of goods available for sale was ______.
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Answer:
46,000 I substrate it with 5,000 and 4,000
The cost of goods available for sale was $56,000. "Cost of sales" or its abbreviation, "COGS," are other names for the cost of goods sold. The cost of items that are manufactured or bought, then sold, is referred to as COGS.
Why is it important to track COGS?COGS can be used to calculate a company's gross earnings or bottom line. A high cost of products sold could result in a low net income. A high COGS would indicate higher business expenses during tax season, lowering income taxes.
Given,
Opening stock = $5,000
Closing stock = $4,000
Purchase = $55,000
Required to Calculate COGS =?
COGS = Opening Stock + Purchase - closing stock
COGS = 5,000 + 55,000 - 4,000
COGS = 56,000
The cost of goods sold (COGS), which includes the cost of labor, materials, and manufacturing overhead, is the price of purchasing or producing the things that a business sells over a given period. As a result, only costs directly related to the production of the goods are included in the metric.
Thus, the cost of goods available for sale was $56,000.
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#SPJ2
Positive economics:Question 14 options:a) is the same as normative economics.b) describes opinions and perspectives on how the world should work.c) describes how the world does work.d) is based on opinion polls.
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Answer:
C, describes how the world does work
Explanation
A fundamental distinction in economic analysis is between normative and positive economics. Normative economics describes what things ought to be, while positive economics describes what things are.
During _____, an advertising researcher would be most likely to use aided recall, sales tests, and inquiry tests.
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Answer:
Creative concept research
Explanation:
Hope this helps
Some economists believe that sound fiscal and monetary policy can reduce the amount of time the economy is in the ____ stage of the business cycle.
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Answer:
recession
Explanation:
Javier, the owner of Javier's Tacos, has noticed that residents of his town are flocking to a new taco truck in increasing numbers. After doing some research, Javier learns that consumers enjoy the food truck because almost all the taco ingredients are locally sourced. Javier decides to add locally sourced ingredients to his menu. This is an example of ______.
A. substitution
B. direct imitation
C. resource immobility
D. a value chain
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Answer:
a is the answer to your question
On the Debt Financing tab, which option should be selected in the "How Input" field to model a refinance?
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Debt financing takes place when a company raises money by selling debt instruments to investors.
What is debt financing?
Your information is incomplete. Therefore, an overview of debt financing will be given. Debt financing simply occurs when a firm sells fixed income products, like bonds, bills, or notes.
Debt financing is the opposite of equity financing. The main advantage of debt financing is that the business owner doesn't give up any control of the business.
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What are the three functions performed by intermediaries in a marketing channel?.
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Some of the functions performed by intermediaries in a marketing channel includes:
a physical distribution of goodsinventory storagesorting of goods.What is a marketing channel?Its refers to the way at which distribution of goods takes place from manufacturer to the final consumers.
Who are the intermediaries in a marketing channel?An intermediaries means the people actively involved in the distribution of goods or services to the consumer and they includes agents, wholesalers, distributors, retailers etc
In conclusion, the function that includes a physical distribution of goods, inventory storage and sorting of goods are performed by intermediaries in a marketing channel.
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Mario was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. In the U.S. labor force statistics Mario is counted as
Answers
Answer:
Not much information to go off
Explanation:
This is hard to answer since there is no information about the state of the economy. If the economy is doing poor and that is his reason for unemployment, he is cyclically unemployed.
If he is just waiting for his job, he is frictionally unemployed because he is between jobs.
If you are not looking for a specific type of unemployment, he could be classified as not part of the labor force as he is not looking for a job.