The Three Little Pigs purchased three houses for a total cost of $160,000. Appraisal values for the three completed houses were: straw house, $40,000; wood house $60,000; and brick house $100,000. Using the basket purchase allocation, the recorded value of the brick house should be ______.

Answers

Answer 1

Using the basket purchase allocation, the recorded value of the brick house should be $80,000.

First step is to calculate the allocation percentage

                           Straw house Wood house Brick house Total

Fair market value $40,000          $60,000 $100,000 $200,000

Percentage                  20%                30%                 50%

($40,000/$200,000) ($60,000/$200,000) ($40,000/$200,000)

Second step is to allocate using  basket purchase allocation

Straw house=20%×$160,000

Straw house=$32,000

Wood house= 30%×$160,000

Wood house=$48,000

Brick house=50%×$160,000

Brick house=$80,000

Inconclusion  the recorded value of the brick house should be $80,000.

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Related Questions

The question is

b) why does the equilibrium quantity remain the same even after the demand and supply curves change from D1 to D2 and S1 to S2 respectively? ​

Answers

The answer would be from change D1

An investment of $2,000 pays interest of 1.5% per month. What will be the value of this investment at the end of 3 years

Answers

Answer:

2122.502

Explanation:

you first multiply the interest rate with the amount and then take the you got add it with the amount to get the final answer

You work for an accounting firm. Just last week the state legislature passed reforms to the state tax code. The revised tax code was published with an accompanying online report. You have been asked by your supervisor to compress the main points from the online report. What type of short informational report have you been asked to write

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A summary is simply known as a short explanation of a work's content. The type of short informational report that I have been asked to write is a summary.

A summary report can consist of;  

The author's major supporting ideas. They show the author's purpose in writing etc.

A summary often start with an introductory sentence that talks about the text's title, author and main point of the text as you see it.

A summary is often written in your own words and it should have the ideas of the original text.

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Answer:

A summary is the answer.

Explanation:

Workplace safety measures that can help prevent disasters like the Deepwater Horizon oil spill include:

Answers

Answer:

Remote shutoff capability. Require additional back-up systems to shut down offshore wells automatically. ...

Relief well capability. At minimum, adopt Canada's "same-season relief well capability" requirement. ...

Spill penalties. Impose meaningful financial penalties for deepwater spills. ...

Energy legislation. ...

Moratorium.

Explanation:

hope this helps

China has adopted a three-tier board structure, with a board of directors, a supervisory board, and a subordinate board. China has adopted a three-tier board structure, with a board of directors, a supervisory board, and a subordinate board. false

Answers

It is false that China has adopted a three tier structure of board of the company.

The Two Tier Board structure refers to the corporate structure that consists of two separate Boards of directors that govern such entity.

Currently, the Chinese companies have a two-tier board structure which consists of the supervisory board and a board of director.

Hence, it is false that China has adopted a three tier structure of board of the company.

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How much interest will the account have earned when Mary takes out all the money on her 21st birthday

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I just want some points

Is L. Gore a mechanistic or an organic organization?

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organizational structure

In the context of the common mistakes made during succession planning, the provisions of the _____ require boards to increase the priority of CEO succession.

Answers

Firms often have different ways of appointing successors. In the context of the common mistakes, the provisions of the Sarbanes-Oxley Act require boards to increase the priority of CEO succession.

The Sarbanes-Oxley Act provisions is known to input more demands that boards do in CEO succession planning.

The Sarbanes–Oxley Act of 2002 is a common United States federal law that gives power for some specific practices in financial record keeping and reporting for corporations.

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A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Lomax Company Comparative Balance Sheet This Year Last Year
Assets Current assets: Cash and cash equivalents $ 91,000 $ 66,000 Accounts receivable 630,000 660,000 Inventory 632,000 440,000 Prepaid expenses 26,000 15,000 Total current assets 1,379,000 1,181,000 Property, plant, and equipment 2,470,000 1,880,000 Less accumulated depreciation 639,000 578,000 Net property, plant, and equipment 1,831,000 1,302,000 Long-term investments 122,000 190,000 Loans to subsidiaries 140,000 80,000 Total assets $ 3,472,000 $ 2,753,000
Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 902,000 $ 590,000 Accrued liabilities 37,000 60,000 Income taxes payable 159,000 134,000 Total current liabilities 1,098,000 784,000 Bonds payable 720,000 460,000 Total liabilities 1,818,000 1,244,000 Stockholders' equity: Common stock 1,130,000 1,020,000 Retained earnings 524,000 489,000 Total stockholders' equity 1,654,000 1,509,000 Total liabilities and $3,472,000 $2,753,000 stockholders' equity The following additional information is available about the company's activities during this year:
a. The company declared and paid a cash dividend this year.
b. Bonds with a principal balance of $400,000 were repaid during this year.
c. Equipment was sold during this year for $80,000. The equipment had cost $170,000 and had $64,000 in accumulated depreciation on the date of sale.
d. Long-term investments were sold during the year for $150,000. These investments had cost $68,000 when purchased several years ago.
e. The subsidiaries did not repay any outstanding loans during the year.
f. Lomax did not repurchase any of its own stock during the year.
The company reported net income this year as follows: $3,400,000 2,108,000 1,292,000 1,036,000 256,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $ 82,000 (26,000) 56,000 312,000 100,000 $ 212,000
Required: Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.)
Lomax Company Statement of Cash Flows Operating activities: 0 0 Net cash provided by operating activities Investing activities: 0 Net cash provided by investing activities Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0

Answers

Based on the information given, it can be deduced that the ending cash and cash equivalents of Lomax Company will be $91000.

From the computation, the values gotten include:

Net cash flow from operating activities = $422000Less: Net cash flow in investing activities = -$590000Add: Net case flow from financing activities = $193000Net increase in cash = $25000Beginning cash and cash equivalents = $66000Ending cash and cash equivalents = $91000.

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If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________ by ________ output and ________ the price of goods and services. maximized; increasing; increasing maximized; increasing; increasing maximized; reducing; increasing maximized; reducing; increasing minimized; reducing; increasing

Answers

If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.

The market of oligopoly firm is one that consists of small number of firms that have substantial influence in the particular industry.

Some oligopoly market include auto industry, air travel industry etc

Either formally or informally, If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.

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Use your knowledge of the roles people assume on teams to complete the sentence.

As the team works together, Carol plays a ______________________, diffusing conflicts and helping everyone feel welcome to contribute ideas.

a. technology manager role
b. task specialist role
c. diversity manager role
d. socioemotional role

Answers

Answer:

d. socioemotional role

Explanation:

As the team works together, Carol plays a socioemotional role, diffusing conflicts and helping everyone feel welcome to contribute ideas.

Answer:

Carol is playing the socioemotional role of the team

Explanation:

Management at Work

Imagine that you have been a production operator manager for two years at a large gas distribution company. Recently, your director told you that the company is planning a large restructure, but that your department will not lose any employees. You decide that you need to use personal communication techniques to reach out to the people on your team and convince them that they are safe and they need to maintain their productivity levels for the upcoming year.

Fortunately, you have a large personal network of diverse contacts both inside and outside the company. But you know that some of your employees have much smaller networks, and you worry that they will not have the contacts they need in order to get a good perspective on the restructuring. Which of the following pieces of advice should you give to your employees to help them build their networks?

CHECK ALL THAT APPLY
- Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.
- You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.
- Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.
- Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.

Answers

Answer:

✔ Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.

✔ You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.

✔ Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.

✘ Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.

Benefits of Digital Communication
This activity is important because the Internet has created tremendous opportunities for companies to forge relationships with consumers and business customers, target markets more precisely, and even reach previously inaccessible markets around the world. Digital communication offers a completely new dimension in connecting with others. There are five characteristics that distinguish digital from traditional communication: addressability, interactivity, accessibility, connectivity, and control. This exercise explores the meaning of these characteristics and how they enhance marketing.
The goal of this activity is to demonstrate your understanding of both digital media and digital marketing, as well as demonstrate the role of digital marketing and social networking in today’s business environment. Roll over the items to read the hints. Match the company actions to the correct characteristic.
a. Procter & Gamble
b. Marketers at Apple
c. Benjamin Moore & Co.
d. NASCAR
e. Apple’s website
1. Addressability
2. Interactivity
3. Accessibility
4. Connectivity
5. Control

Answers

Answer:

1.C.Benjamin Moore & Co.

2.A.Procter & Gamble

3.D.NASCAR

4.B.Marketers at Apple

5.E.Apple's website

#carryonlearning

The correctly matched company actions and their characteristic:

Addressability - Benjamin Moore & Co.Interactivity - Procter & GambleAccessibility - NASCARConnectivity - Marketers at AppleControl - Apple’s website

What are the benefits of Digital Communication?

The act of communicating information from one person to another through digital equipment is known as digital communication. A text message or email can be sent, or it might be more complicated like using social media or video conferencing. Communication is more crucial than ever in today's digital environment.

Digital communication has several advantages, including the capacity to interact with individuals from all over the world and the capacity to communicate more effectively and efficiently. Digital communication can present certain difficulties, too, including the possibility of misunderstandings and the requirement for strong cyber security. This is crucial for companies who wish to promote their products or services.

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Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

Answers

The purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

In accounting, statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

The significant noncash financing and investing activities are reported on the company's income statement.

In conclusion, the Option D is correct because the purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

Missing word includes "Purchased a machine for $30,000, giving a long-term note in exchange."

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The process of exchange of goods or services from sellers to buyers is referred to as:
A supply B. market C demand D. production​

Answers

Answer:

Marketing

Explanation:

Hope this helps!

a) A customer wants to return a never-worn pair of shoes and a dress that was worn
once. The customer paid $90 for the shoes and $125 for the dress. What is this
customer's refund amount for her returns? (2 points)

Answers

Answer:

$215

Explanation: You sum the amount of money spent on each item, and refund that amount to the customer. 90 + 125 = 215.

At the Bourg Company, a primary ______ is to increase the monthly revenue by 10%. Bourg considers revenue targets a key part of the company strategy. The targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion.

Answers

Considering the subsequent description given in the question, At the Bourg Company, a primary sales goal is to increase the monthly revenue by 10%.

This is evident in the fact that Bourg considers revenue targets a vital part of the company strategy. Here, the revenue of a company is derived from sales.

Also, given that the targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion, this is an example of a sales goal.

Sales goal is a term used in business management to describe the defined goals for a firm's sales team.

Sales goals could be expressed as increasing revenue by 13% in a year or improving customer retention by 18%.

Hence, in this case, it is concluded that the correct answer is "sales goals."

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How To Get To London Southend Airport Taxi?

Answers

Answer:

call to taxi. ....

Explanation:

.........

Suppose the country of Lilliput exported $205 billion worth of goods and imported $449 billion worth of goods in the last calendar year. Calculate Lilliput's net exports. $ billion Lilliput is running a trade surplus. neither a trade deficit nor a trade surplus. a trade deficit.

Answers

Lilliput's net exports are ($244 billion).  Therefore, Lilliput is running a trade deficit of $244 billion.

A trade surplus implies that Lilliput's exports are greater in value than its imports. A situation of "neither a trade deficit nor a trade surplus" exists when the exports are equal in value to the country's imports.

Data and Calculations:

Lilliput's exports = $205 billion

Lilliput's imports = $449 billion

Net exports for Lilliput = ($244 billion)

Thus, Lilliput is running a trade deficit of $244 billion because its imports are worth more than its exports.

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The exchange of factors of production for income occurs in the
market.

Answers

Answer: Factor!

Explanation:

just took the test 2021

The exchange of factors of production for income occurs in the factor market.

What is production?

Production alludes to the number of units a firm results over a given timeframe. A firm that works effectively ought to achieve sound information. The variables of creation are a significant monetary idea illustrating the components expected to deliver a decent or administration available to be purchased.

A market is a market where variables of creation are traded. Factor markets dispense elements of creation, including area, work and capital, and appropriate pay to the proprietors of useful assets, like wages, rents, and so forth.

Factor markets are the business sectors where the elements of creation are exchanged. Land, work, and capital are found in customary component markets.

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The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you for advice. Provide the best answer to his question.

“Our teams in different countries have learned a great deal, so I am putting together an international team to study and share the best practices that have been developed. This team will have people from each continent where we operate. How should I plan to manage this team?”

a. To promote a sense of privacy, do not monitor online team communications. Keep information that may change frequently to yourself, as sharing it would be confusing.
b. Speak about everyone on the team as though they are the same to help team members feel they are being treated equally. Do not single people out for special recognition.
c. Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.
d. Understand that some people use online technology more than others and cannot be expected to participate as much. Accept that Internet culture often involves “trolling,” or disrespectful disagreement, and do not interfere if this happens.

Answers

Answer:

c. Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.

Reducing an employee’s compensation because of poor performance is known as negative reinforcement.

Answers

Answer:

Explanation:

True

On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $ 215,000 September 1, 2021 $ 318,000 December 31, 2021 $ 318,000 March 31, 2022 $ 318,000 September 30, 2022 $ 215,000 Kendall borrowed $756,000 on a construction loan at 9% interest on January 1, 2021. This loan was outstanding throughout the construction period. The company had $4,530,000 in 9% bonds payable outstanding in 2021 and 2022. Interest (using the specific interest method) capitalized for 2021 was:

Answers

Based on the information given using the specific interest method interest capitalized for 2021 was: $28,890.    

First step is to calculate the expenditure for the year    

Expenditure for the year

January 1, 2021              $215,000×12 /12=$215,000

September 1, 2021         $318,000×4 /12=$106,000

December 31, 2021        $318,000×0    =$0                

Total                                $851,000         $321,000

Second step is to calculate

the Interest Capitalized for 2021

2021 Interest Capitalized=$321,000×9%

2021 Interest Capitalized=$28,890

Inconclusion  using the specific interest method interest capitalized for 2021 was: $28,890.

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Suppose that one US dollar buys 1.50 Swiss francs. A chocolate bar costs 0.75 francs in Switzerland. How much will the chocolate bar cost in US dollars?


Compared to country Y country X has a comparative advantage I’m producing computers. Country Y has a comparative advantage over country x in producing automobiles. How can the two countries best take advantage of this situation?

Answers

Answer: 1) 50 cents 2) they can trade with each other

Explanation of question 1

Ratio of dollars to francs

1: 1.5

The chocolate costs 0.75 francs. Divide 1.5 by 0.75 to find the multiplier in the ratio which is 2. Divide $1 by 2 to get 50 cents

Which of the following tactics is NOT a good way to improve your writing?

a. To have more impact on readers, write a longer memo.
b. Write without jargon and use simple words.
c. Ask someone else to read your writing before sending it out.
d. Get to the point of the memo quickly.

Answers

Answer:

To have more impact on readers, write longer memos.

Explanation:

This won't necessarily improve your writing as you may not deliver your message clearly across to your reader if you use long or wordy memos, rather a simple straight to the point memo will be more effective.

Answer:

a. To have more impact on readers, write a longer memo.

Explanation:

Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause: __________

a. Real GDP to rise to a level above Natural Real GDP
b. Real GDP to rise to a level below Natural Real GDP
c. Real GDP to rise to a level dqual to Natural Real GDP.
d. a recessionary gap to turn into an inflationary gap.

Answers

Considering the situation described above, the combination of expansionary monetary policy and a self-regulating economy will cause "Real GDP to rise to a level equal to Natural Real GDP."

This is because when Real GDP rises to a level equal to Natural Real GDP, that means the economy has adjusted such that the economy moves from a recessionary gap into long-run equilibrium.

Generally, the Real GDP shows the actual production level of a country, and as such, when there is neither inflation nor deflation, Real GDP equals Natural Real GDP.

Hence, in this case, it is concluded that the correct answer is option C. "Real GDP to rise to a level equal to Natural Real GDP."

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Lay's Meat Market has 8,000 shares of stock outstanding at a price per share of $13. What will the price per share be if the firm declares a 3-for-5 reverse stock split

Answers

The price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

First step is to calculate the number of shares

Number of shares=[(8,000/$13)×3/5]

Number of shares=369.23

Second step is to calculate the price per share using this formula

Price per share=Shares of stock outstanding/Number of shares

Let plug in the formula

Price per share=8,000/369.23

Price per share=$21.666

Price per share=$21.67 (Approximately)

Inconclusion the price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

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g What are the causes of rising government budget deficits when expansionary fiscal policy is used during recessions

Answers

Answer:

reduced economic activity  and increased government borrowing

Explanation:

Expansionary fiscal policy increases the level of aggregate demand, through either increases in government spending or reductions in tax rates. Expansionary policy can do this by (1) increasing consumption by raising disposable income through cuts in personal income taxes or payroll taxes; (2) increasing investment spending by raising after-tax profits through cuts in business taxes; and (3) increasing government purchases through increased federal government spending on final goods and services and raising federal grants to state and local governments to increase their expenditures on final goods and services.

If you had to explain to someone what “citing a source” means, how would you describe it?

Answers

Answer:

A citation identifies for the reader the original source for an idea, information, or image that is referred to in a work. In the body of a paper, the in-text citation acknowledges the source of information used. At the end of a paper, the citations are compiled on a References or Works Cited list.

“Marketing is Significant for Both Profit and Non-Profit Organizations”Do you agree with this statement? Explain​

Answers

Answer:

yes i agree

Explanation:

Marketing is an easy task. Its more than legally not allowed from standing your case on a small budget with a limited number of financial resources. It can be a little tricky, it's with people with a certain problem, they're funded by giving you money who they'll never see again. Lining lining. There is an activity type like real type, tag, tag, people, people, real type. in addition to. Cut off a big plane.

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