Concord Company buys land for $49300 on 12/31/17. As of 3/31/18, the land has appreciated in value to $50200. On 12/31/18, the land has an appraised value of $51500. By what amount should the Land account be increased in 2018

Answers

Answer 1

Based on the information given, it can be noted that revaluation of assets isn't applicable to land. Therefore, the amount will be $0.

Revaluation of assets simply mean the change in the market value of assets. It can either be increasing or decreasing.

From the information given, the amount that the land account be increased in 2018 is $0 because revaluation of assets isn't applicable to land.

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Related Questions


Okie help help buissness help help

Answers

Answer:

B

Explanation:

LRAS can do both

A company's environmental sustainability strategy: ____________

a. is incompatible with the triple-bottom-line approach because it does not take into account people and profits.
b. always takes a back seat to strategies designed to improve a company's standing in the marketplace.
c. entails business practices that meet the needs of the future by rationing what is provided to present-day customers.
d. has a strong historical correlation with increases in the well-being of the environment and economic growth.
e. consists of a company's actions to protect the environment, provide for the longevity of natural resources, and maintain ecological support systems for future generations.

Answers

Answer:

A sustainability or corporate responsibility strategy is a prioritised set of actions. It provides an agreed framework to focus investment and drive performance, as well as engage internal and external stakeholders. The starting point for any strategy needs to be why the company is in business.

Explanation:

letter E is the answer

Help help help help buissness

Answers

Answer:

A.

Explanation:

Pa brainliest please thank you

correct me if I'm wrong:)

#CARRYONLEARNING

Answer:

A

Explanation:

Razimah has been investing in a Unit Trust for the past 10 years. She is very happy with the performance of the fund manager that enables her to get at least 15 % return annually. Razimah has estimated that she will receive a return of RM8000 next year, RM9000 in next 2 years, and RM10, 000 in the next 3 years. What is the value of these future payments?​

Answers

Based on the amounts to be received and when they are to be received, the value of the payments is RM 20,336.98

The value of these payments is the sum of their present values.

The value is therefore:

= (8,000 / (1 + 15%)) + ( 9,000 (1 + 15%)²) + (10,000 / ( 1 + 15%)³)

= 6,956.52 + 6,805.29 + 6,575.16

= RM20,336.98

In conclusion, the value of the payments is RM20,336.98

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Kevin has a client who wants to invest in an account that earns 3% interest, compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter. Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the tenth deposit is __________.

Answers

Considering the situation described above, the balance of the account (rounded to the nearest dollar) after the tenth deposit is "$56,650."

What is Sinking Fund?

Sinking Fund is the term used to describe the fund created by individuals by specifically setting revenue in a particular place like savings over a given period to fund a future capital expense or repayment of long-term debt.

Given that this is more like a Sinking Fund hence, we calculate using the below formula:

S = N [ (1+r)^n - 1 ] /r

where r = 0.030

n = 10 years

N = 5,000

S = 5,000 [ (1.030)^10 -1 ]/.030

= 5,000 [ 1.34 -1 ]/.030

= 5,000 [ 11.33]

= $56,650.

Therefore, we got $6,650 in concern.

Hence, in this case, it is concluded that the correct answer is "$56,650."

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Answer: $57,319

     

Explanation: I'm positive the answer is $57,319 because I had this same exact test question and my answer was correct.

Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.

b. False
a. True

Answers

Answer:

A.true

am i right

Explanation:

correct me if im wrong

thanks

loveya

Class ________ are the number of observations for each class of a frequency distribution using grouped quantitative data.
Numbers
Boundaries
Frequencies
Widths

Answers

Answer: it's frequencies

Explanation:

If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the money supply is ________ billion. A) $8000 B) $1200 C) $1200.8 D) $8400

Answers

Based on the information given the money supply is B) $1200.

Using this formula

Money supply=Currency in circulation+ Checkable deposits

Where:

Currency in circulation=$400

Checkable deposits=$800

Let plug in the formula

Money supply=$400+$800

Money supply=$1,200

Inconclusion the money supply is B) $1200.

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As a general rule a recession is a decline in real GDP that lasts at least

Answers

Answer:

A recession is a significant economic downturn spread across the economy that lasts more than a few quarters. More specifically, the term is typically defined as a period when gross domestic product (GDP) declines for two consecutive quarters

A more wordy and complex way to say "we are cringe"

Answers

There are different ways

We are cowersWe are faunywe are toadies .We are trucklesWe are so cringy .

Answer:

start shrinkdrawbackshy wince flinch blench blanch dodge duck crouch shudder tremble

Explanation:

A complex way to say "we are cringe" are:

we cower.we are shrinking.we are a drawback.we are shy.we are wince.we are finch.we are blench.we are dodge.we are ducks.we are shudder.we are tremble.

Bonnie is going to purchase a billboard to promote her new restaurant. She needs to calculate her gross rating points. What two factors does she need to know

Answers

Given what we know, in order for Bonnie to calculate her "Gross Rating Points" or GPRs, she will need to know how much of the population her ad will reach and how often they will view it.

What are gross rating points?Gross rating points are a system used to measure the effectiveness of ads. In most cases, they are used in a predictive sense to measure how effective an ad may be, then used to measure how effective they were, and offer a before and after comparison.

What factors are used to calculate GPRs?In order to calculate the gross rating points, we need to know two factors. The first is the number of people or percentage of the target market, that is reached by the ad.The second is the frequency by which these individuals will view the ad.

Therefore, we can confirm that to calculate her GPRs for the billboard ad she wishes to purchase, bonnie will need to know how many people see the billboard each day, and how many times they do so.

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Roberto, Incorporated manufactures products A and B. Both products have a contribution margin ratio of 40%. What is the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource? multiple choice $2 per minute $3 per minute $6 per minute $8 per minute

Answers

The contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.

Using this formula

Contribution margin per unit = Contribution per unit / Limiting Factor required per unit

Where:

Contribution per unit=$6

Limiting Factor required per unit=2

Let plug in the formula

Contribution margin per unit=$6/2

Contribution margin per unit=$3 per minute

Inconclusion  the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.

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dont KNOW FIND IT YOURSEF

Answers

Answer: What is your business question?

Help pls


Bob is a funeral director. What might be one task that Bob performs as part of his job?


Question 9 options:


arranging for daily care for an elderly person



running a local food bank that delivers meals



placing an obituary in the local newspaper



organizing a community roadside clean up

Answers

Answer:

c

Explanation:

placing obituary in the local newspaper

Answer:

In my opinion i think that the answer would be...

A.arranging for daily care for an elderly person

Explanation: Trust me! Hope this help you! Let me know if its correct good luck! :)

Which of the following is classified as
M22
A large certificates of deposit
B gold and silver
C money market accounts

Answers

I think is C

Hope this helps sry if I’m wrong

examples of non good services

Answers

Answer:

Examples of non-economic goods are air, water, sunshine, etc. The concept of non-economic goods is relative to place and time.

Explanation:

Non-economic goods are called free goods because they are free gifts of nature. They do not have any price and are unlimited in supply.

Our emotional reactions to marketing cues are so powerful that some high-tech companies study mood in small doses (in 1/30 of a second increments) as they analyze people's facial reac-
tions when they see ads or new products. They
measure happiness as they look for differences
between, for example, a true smile (which includes
a relaxation of the upper eyelid) and a social smile
(which occurs only around the mouth). Whirlpool
used this technique to test consumers' emotional
reactions to a yet-to-be-launched generation of its
Duet washers and dryers. The company's goal: To
design an appliance that will actually make people
happy. Researchers discovered that even though
test subjects said they weren't thrilled with some
out-of-the-box design options, such as unusual
color combinations, their facial expressions said
otherwise.91 Does the ability to study our emotional
reactions at such a specific level give marketers an
unfair advantage?

Answers

The question which asks whether the ability to study our emotional  reactions at such a specific level give marketers an  unfair advantage is:

No, I do not think it does.

Based on the given question, we can see that the marketers are trying their best to find out the things which makes the possible customers happy at the sight of a new product.

I believe that this is a part of marketing just like taking a market survey to find out how receptive the consumers are of a particular product. I believe it is fair game as it does not violate any ethical rules or legal laws.

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ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days. On an average day, your firm receives 1,370 checks with an average value of $880 each. The daily interest rate on Treasury bills is 0.01 percent. The bank charge per check would be $.25. What is the net present value of this lockbox arrangement

Answers

The net present value of this lockbox arrangement is $1,205,378.06.

Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:

((1370 x 880) x 1.0001) - (1370 x 0.25) = X 1,205,720.56 - 342.5 = X 1,205,378.06 = X

Therefore, the net present value of this lockbox arrangement is $1,205,378.06.

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Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar Wheel if they fill out an application form. Jack filled out the form, spun the Million Dollar Wheel, and won. However, now ABC refuses to pay, claiming that because Jack did not purchase his chance at the Million Dollar Wheel, Jack gave no consideration and therefore, no contract was formed. Identify the accurate statement.

A. No contract was formed because Jack paid no money for his chance at the Million Dollar Wheel.
B. No contract was formed because ABC did not sign any written contract as an obligation to do so.
C. A contract was formed because filling out an application can constitute legal consideration.
D. A contract was formed because no consideration is needed when a customer takes advantage of a "free" offer.

Answers

Answer:

C. A contract was formed because filling out an application can constitute legal consideration.

Explanation:

I personally Think this because if you think about it ,   he didn't pay , which doesn't matter because its "free" but maybe they just named it the million dollar wheel for a better name , or they were using it for customers , but if he had won and received yet nothing than he is able to file a contract because therefore they lied to him and therefore that's a illegal thing for a company who is allowing to spin a wheel for reward and if he won than he should get what he won , therefore the answer is = C

while calculating the coefficient of correlation between two variables x and y, the following results were obtained: n=25,

Answers

Answer:

therefore,the domain of the logarithmic function y=x is the set of positive real number and the range is the set of rwal number.

Which is a TRUE statement about how profit can be an incentive for entrepreneurs?
A
Profit outweighs the risks of opening a business.
B
Profit can increase competition in a market economy.
С
Profit encourages shareholders to open their own businesses.
D
Profit makes the gap between the rich and poor more noticeable.

Answers

The true statement regarding the profit of an entrepreneur is D. makes the gap between the rich and poor more noticeable.

Profit simply means the gain that's derived from the sale of a particular commodity. It should be noted that profit is the difference between the total revenue and the total cost.

It should be noted that profit can be an incentive for entrepreneurs as makes the gap between the rich and poor more noticeable.

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Answer:

A

Explanation:

I had just got that question wrong but the correct answer is A.

With growing dissatisfaction with performance management processes, Agile Manifesto was developed by software developers and emphasized principles of all of these EXCEPT:________.
a. emotional intelligence.
b. regular reflection on how to work more effectively.
c. self-direction.
d. self-organization.
e. collaboration.

Answers

Considering the Agile Manifesto analysis and available options, the correct answer is emotional intelligence.

What is the Agile Manifesto?

Agile Manifesto is the document that establishes the fundamental values and standards in the Agile philosophy context.

Agile Manifesto is formulated to assist the development teams in performing their tasks with efficiency and sustainability.

Four Agile Manifesto PrinciplesRegular reflection Self-directionSelf-organizationCollaboration

Hence, in this case, it is concluded that the correct answer is option A. "emotional intelligence."

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Click this link to view O'NETS Wages and Employment section for Licensing Examiners and Inspectors. According
to O'NET What is the projected growth for this career belveen 2019 and 2029
little or no change
average
slower than average
faster than average

Answers

According to O'NETS Wages and Employment section for Licensing Examiners and Inspectors, the projected growth for this career between 2019 and 2029 is D. faster than average.

The career growth rate for Licensing Examiners and Inspectors is projected to  be 10% year-on-year.  This growth rate cannot be described as little or no change, average, or slower than average.

Thus, according to O'NETS Wages and Employment section for Licensing Examiners and Inspectors, the projected career growth between 2019 and 2029 is Option D.

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4. Explain how, or even if, the Earned Value method of measuring project progress could be used to accurately measure progress for individual work packages

Answers

It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.

The Earned Value method is a standard analyst method used to measure a project's progress at any point in time.

The formula used to Earned Value is by dividing the total project budget by the number of work blocks.

In conclusion, It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.

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During the current year, merchandise is sold for $21,100 cash and $341,700 on account. The cost of the merchandise sold is $217,200. What is the amount of the gross profit

Answers

Answer:

$235,900

Explanation:

i hope she is your answer

The gross profit is $145,600. A company's gross profit is equal to its total sales less its total cost of products sold. Total sales include all goods sold by the company.

What are COGS?

The total amount your company paid as a cost directly tied to the selling of products is known as the cost of goods sold. Depending on your industry, this could include resale products, raw materials, packaging, and direct labor associated with making or selling the product.

Given

Cash Sale = $21,100

Credit Sale = $341,700

COGS = $217,200

Required to Calculate the amount of the Gross Profit =?

Gross Profit = Sales - COGS

Gross Profit = 341,700 + 21,100 - 217,200 = $145,600.

Thus, the gross profit is $145,600. On the surface, a gross profit margin ratio of 50 to 70% appears to be healthy, and it is for many types of businesses, including retailers, restaurants, manufacturers, and other goods makers.

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Gerrald Express is a partnership business registered in Singapore. The partners are Glenn and Kim. Each of the partners contributed $50,000 as capital to the partnership and they share equally in the profits and losses.

The partnership carries on the business of marketing services. In the financial year ended 31 December 2020, the partnership recorded a net loss of $79,000 after charging the following items of expenses:

Interest on capital paid equally to the partners $5,000
Glenn salary and bonus 12,000
Kim salary and bonus 15,000
Kim’s airfares for business purposes 4,800
Glenn’s taxi fare reimbursements for business 1,200
Motor car expenses reimbursed to employees 3,000
Depreciation 6,000
Interest on loans to fund operating expenses 2,800

Besides his involvement in partnership business, Glenn is also the Executive Officer of a medium size Company in Singapore. He was paid annual remuneration of $78,000 for the year ended 31 December 2020.

His spouse has no income for last year and has 2 children aged 19 and 12. The son is serving National Service and Glenn did not perform any active NS training in the previous year.

Required:

a) Compute the amount of tax adjusted profit or loss of the Gerrald Express partnership for the year of assessment 2021; [8 marks]

b) Compute the assessable income of Glenn for the year of assessment 2021; [12 marks]


c) State the major difference in a partner’s liability to utilise the losses arising from a partnership and from a limited liability partnership. [10 marks]

Answers

Answer:

i dont knowpls mark me as brinlest

Explanation:

Do anybody know how to do the mega mogul project on knowledge matters ? Make over 30 million dollars pls help

Answers

Based on the business management analysis, to do the mega mogul project on knowledge matters requires following specific steps, which begin with "detecting the opportunity."

What is the Mega Mogul Project?

Mega Mogul Project is a business project whereby individual starts with one location and continue to grow and expand their entrepreneurial conglomerate to numerous businesses and several locations.

Some other steps to take when conducting a mega mogul project on knowledge matters are:Market ResearchCreating a Business PlanRaising Money & FinancialsBuilding a TeamAcquiring ResourcesGoing to Market Operations & FeedbackShark ProjectBusiness Plan ProjectMega-Mogul Project.

Hence, in this case, it is concluded that various steps are involved when carrying out a mega mogul project on knowledge matters.

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At the beginning of the year, The Mann Corporation, a private entity, decided to go public.
A charter of incorporation was constructed which authorized the sale of 10 million shares of $8 par value common stock, 100,000 shares of $800 par value, 8% preferred stock, and 200,000 shares of $40 no-par-value convertible preferred stock.
The following shares were sold as part of the firm's initial public offering:
* 1,000,000 shares of common stock at $80 per share.
* 100,000 shares of $800 par value, 8% preferred stock at $840 per share.
* 100,000 shares of $40 convertible, no-par preferred stock at $440 per share.
At year-end, the full dividend was declared and paid on both preferred stock offerings.
Required
Using a spreadsheet, record the financial effects of the shareholders' equity transactions for The Mann Corporation for the year.
Enter amounts in thousands (i.e., $10,000,000 = $10,000). Use a negative sign with answers to indicate a reduction in an account balance.
The Mann Corporation
Transaction (in thousands)
Common
Shares IPO
8% Preferred
IPO
No-par
Preferred IPO
8% Preferred
Dividend No-par
Preferred
Dividend Balance
Sheet
Totals
Assets
Cash $Answer $Answer $Answer $Answer $Answer $Answer
Shareholders' Equity
Common Stock Answer Answer Answer Answer Answer Answer
APIC - Common Answer Answer Answer Answer Answer Answer
$100 Preferred Stock Answer Answer Answer Answer Answer Answer
APIC-Preferred Answer Answer Answer Answer Answer Answer
$5 Conv. Preferred Answer Answer Answer Answer Answer Answer
Retained Earnings Answer Answer Answer Answer Answer Answer
Total Shareholders' Equity

Answers

The financial effects of the Mann Corporation's shareholders' equity transactions are recorded as follows:

The Mann Corporation

Transactions (in thousands)

                  Common   8% Preferred  No-par Prefer-      8%    No-par  B/Sheet

                Shares IPO  Shares IPO     red IPO       Dividend Dividend  Totals  

Assets:

Cash             $80,000     $84,000    $44,000     ($6,400)  ($4,000) $197,600

Shareholders' Equity:

Common Stock                                                                                        $8,000 APIC- Common                                                                                      $72,000

8% Preferred Stock                                                                              $80,000

APIC- Preferred                                                                                      $4,000

$40 Conv. Preferred                                                                           $44,000

Retained Earnings                                                                              ($10,400)

Total Shareholders' Equity                                                              $197,600

Data and Calculations:

Authorized Shares:

10 million shares, Common Stock at $8 par value

100,000 shares, 8% Preferred Stock at $800 par value

200,000 shares, Convertible Preferred Stock of $40 no-par value

Analysis of Sales of Shares:

Cash $80 million Common Stock $8 million Additional Paid-in Capital-Common Stock $72 million, 1,000,000 shares issued at $80

Cash $84 million 8% Preferred Stock $80 million Additional Paid-in Capital-8% Preferred Stock $4 million 100,000 shares issued at $840

Cash $44 million Convertible Preferred Stock $44 million

Calculation of Dividends:

8% Preferred Dividend = $6,400,000 ($80 million x 8%)

$40 Convertible Preferred Dividend = $4,000,000 (100,000 x $40)

Thus, the calculation of the dividend of the $40 non-par Convertible Preferred Stock is based on the $40 x 100,000 shares in issue because the $40 is its implied dividend rate just as the 8% is the implied dividend rate of the 8% Preferred Stock.

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A company provided the following data: sales, $510,000; beginning inventory, $41,000; ending inventory, $46,000; and gross profit, $159,000. What was the amount of inventory purchased during the year?

Answers

Answer:

23.000

Explanation:

Accounting is used to communicate financial information to both internal audiences and external audiences. Internal users are:
a. Only people within a business's accounting and finance departments
b. People within the business like production managers
c. Suppliers that provide goods
d. Contractors that perform work for the business.

Answers

Accounting can be regarded as a term used in communicating financial information across to internal audiences as well as external audiences.

These Internal users are been regarded as people within the business, such as production manager.

These information help in making the financial aspect of the company to succeed.

Therefore, option B is correct.

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