durango, incorporated purchased a parcel of land for $450,000. it paid attorney fees of $3,000 to verify title to the land. in addition, it paid a broker's fee of $7,500 to help find a suitable parcel of land. this parcel of land should be recorded in the accounting records for: multiple choice $450,000. $453,000. $457,500. $460,500.

Answers

Answer 1

The accounting record is $460,500.

What is accounting record?

Accounting records are the documents and data that support the information reported in the financial statements of a business. They consist of all the transactions, accounts, and documents that are used to prepare the financial statements. Accounting records include journals, ledgers, accounts payable and receivable, payrolls, and other documents related to the financial activities of a company. These records provide an accurate and up-to-date history of the company's financial activity. Accounting records provide evidence for any audit and help the company to make important decisions regarding its financial future. Accounting records also provide a detailed record of the company’s financial position, allowing the company to make better predictions about the future. This helps the company to plan and budget more effectively. Accounting records are essential for businesses of any size and should be kept up-to-date and accurate at all times.

This is because the cost of the parcel of land should be recorded in the accounting records at its total cost, which includes all of the additional expenses such as attorney fees and broker's fees.
Therefore, the total cost of the parcel of land should be recorded as $460,500 ($450,000 + $3,000 + $7,500).

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Related Questions

You work as the sales manager for a company that sells office supplies to businesses of all sizes.Because the profit margins are razor-thin,you need to ensure that you are getting the very best prices on paper,pencils,pens,Post-It Notes,and other office supplies from the manufacturers.When reviewing the quarterly profit statement,you realize that your costs are higher than they should be,and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices.When you conduct your research to determine the reason for the higher costs,and take action to bring those costs back down,in which of the key management processes are you taking part?A) planningB) organizingC) leadingD) controllingE) mentoring

Answers

Answer: D. Controlling

Explanation:

Controlling is one of the most important roles that a manager plays for a company. It involves ensuring that efficient standards are met in the company by checking for errors in processes and taking actions to correct any such errors thereby ensuring that the company keeps running smoothly.

When you therefore conducted research to determine the reason for higher costs and then taking action to correct it, you were engaging your controlling role as a manager.

Which two security regulations does the pci enforce with regard to electronic banking?
Choices
A. Banks must maintain a secure network
B. Banks must allow customers to chose the level of security they want
C. Banks must compensate customers for money lost due to stolen cards
D. Banks must have information security policy

Answers

Answer:

A. Banks must maintain a secure network D. Banks must have information security policy

Explanation:

The Payment Card Industry Data Security Standards (PCI DSS) are there to make sure that companies dealing with payment cards for customers protect these customers by having a secure payment environment to prevent customer money being at risk.

First and foremost the companies should have a secure network for processing card payments and data which means no expense should be spared in maintaining this. Companies must also have an information security policy that employees must follow when dealing with customer information.

Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a in the advertising process for the product.

Answers

Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Jonathan plays the role of a consultant in the advertising process for the product.

What is a consultant?

Generally, A professional who, in addition to providing advice, engages in additional activities that serve a purpose related to their area of expertise is known as a consultant. As a kind of contingent labor, consulting services are often classified as falling within the umbrella of professional services.

Consultants, who are often known as management consultants, assist businesses in dealing with change and finding solutions to issues in order to make such businesses run more effectively and, as a result, more financially.

In order to assist their client organizations in becoming more successful in their commercial endeavors, consultants provide them with guidance and knowledge.

In conclusion, Since Jonathan was brought in from outside the organization to do a particular task, I would classify him as a contract employee, sometimes known as a consultant.

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CQ

Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a ____ in the advertising process for the product.

If the average cost of producing ten sweaters is $6.50 and the marginal cost of producing the tenth sweater is $6.75, the average cost of producing 11 sweaters will be:

Answers

Answer:

7.15 dollars

Explanation:

Cost of one sweater=$6.50/10

=$0.65

Now,

Cost of 11 sweater = $0.65*11

=$7. 15

The average cost of producing 11 sweaters will be 7.15 dollars.

What is average cost?

The cost per unit produced in a production run is called the average cost. It stands for the typical sum of money spent on a product's production. Depending on how many units are made, this amount may change.

Average cost, often known as unit cost, in economics is calculated by dividing the total cost (TC) by the quantity of a good produced (the output Q): Average cost strongly influences how businesses decide to price their goods.

Knowing the significance of average cost will also make it easier for you to comprehend how it functions over an extended length of time.

For instance, cost varies according to production effectiveness and seasonal demand. The cost per unit of output is normalized or leveled out when the average cost is calculated.

Cost of one sweater=$6.50/10 =$0.65

Now, Cost of 11 sweater = $0.65*11 =$7. 15

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When is it necessary to adjust the parent’s retained earnings account in the preparation of consolidation workpapers? Explain the relationship between parents retained earnings and consolidated retained earnings.

Answers

In the preparation of consolidation workpapers, it is necessary to adjust the parent's retained earnings account when the subsidiary's net income is greater than its dividend payments, and it has an intercompany dividend that the parent company has not yet received.

Since the parent company owns the subsidiary's shares, the dividend that the subsidiary declares is revenue for the parent company.

As a result, the parent's retained earnings should be raised by this revenue. If the intercompany dividend is more than the subsidiary's net income, the dividend will be a non-operating income for the subsidiary firm. As a result, the parent's retained earnings should be reduced by this revenue.

In summary, retained earnings of the parent and consolidated retained earnings have a direct relationship. The parent company's retained earnings are combined with the subsidiary's retained earnings to calculate the consolidated retained earnings.

In the process of consolidation work paper preparation, the parent company's retained earnings may need to be adjusted for intercompany transactions and unrealized profits in inventory.  

Any changes to the parent's retained earnings will be reflected in the consolidated financial statements, as consolidated retained earnings are the sum of the parent and subsidiary's retained earnings.

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is impossible to create customer value for a product through the delivery of its emotional benefits (or emotional interests). True False

Answers

False. It is possible to create customer value for a product through the delivery of its emotional benefits or emotional interests. Emotional benefits refer to the positive feelings, experiences, or psychological well-being that a product or service provides to the customer. By appealing to customers' emotions, businesses can enhance the perceived value of their offerings and establish stronger connections with their target audience. Emotional benefits can include feelings of joy, happiness, excitement, security, comfort, or even a sense of belonging. Such emotional benefits contribute to customer satisfaction, loyalty, and positive word-of-mouth, ultimately driving customer value and business success.

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Which of the following statements
best describes retained earnings?
A Ownership shares possessed by owners
B. Profits not distributed to owners
C Dividends received by owners

Answers

The answer is b hope this helps

How do you think the narrator of the story will pay off credit card debt? What might the federal government have to do to pay off some of its debt?

Answers

To pay off some of its debt, the federal government could implement a combination of measures such as:Increase revenue: The government could increase taxes on individuals and businesses to generate more revenue.

Reduce spending: The government could cut spending in areas such as defense, healthcare, and social welfare programs. This could be done by eliminating redundant programs, reducing the size of the military, or reducing the number of government employees.Sell assets: The government could sell off assets that are no longer needed, such as unused land or buildings, to generate additional revenue.Borrow at lower interest rates: The government could attempt to refinance its debt at lower interest rates to reduce the cost of its debt.Inflation: Inflation can erode the real value of the debt, making it easier to pay off.

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apple is able to retain most of the profits from their industry and value chain because: group of answer choices apple does not invest as much in technology and research as their peers their products are relatively inexpensive to make compared to their competitor products apple has the best marketing in the industry apple designs their products and supply chains to their own advantage

Answers

Apple designs its goods and supply networks for its own benefit, allowing them to keep the majority of profits from its industry and value chain. Here option C is the correct answer.

Apple is known for its ability to design and manage its products and supply chains in a way that allows it to retain a large portion of the profits from its industry and value chain.

This includes designing products that are difficult for competitors to replicate, managing its supply chain to minimize costs and maximize efficiency, and leveraging its brand and reputation to command premium prices for its products.

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Complete question:

Apple is able to retain most of the profits from their industry and value chain because: group of answer choices

A - apple does not invest as much in technology and research as their peers their products are relatively inexpensive to make compared to their competitor products

B - apple has the best marketing in the industry

C - apple designs their products and supply chains to their own advantage

How would you explain the difference between a one-business company and a diversified company?

Answers

A one-business company focuses on a single industry, while a diversified company operates in multiple industries.

The difference between a one-business company and a diversified company lies in their approach to business operations and the range of industries they operate in. Here's a step-by-step explanation:

1. One-business company: A one-business company, also known as a single-business company, focuses its operations and resources on a single industry or business line. This means that the company specializes in producing or offering products or services within a specific sector.

2. Example: For example, a one-business company could be a manufacturing company that solely produces automobiles. All of its resources, such as capital, technology, and human resources, are dedicated to designing, producing, and marketing automobiles.

3. Advantages: The advantages of a one-business company include a deep understanding and expertise in a specific industry, which can lead to a competitive advantage. Additionally, a one-business company may be able to achieve economies of scale and specialization within its industry.

4. Limitations: However, a one-business company is more vulnerable to risks and fluctuations within its industry. If the industry experiences a downturn or faces significant competition, the company's financial performance may suffer. It may also lack diversification, which could limit its ability to adapt to changing market conditions.

5. Diversified company: On the other hand, a diversified company operates in multiple industries or business lines. This means that it has a broader scope of operations and may engage in a variety of activities across different sectors.

6. Example: For instance, a diversified company may have divisions or subsidiaries involved in industries such as technology, healthcare, real estate, and consumer goods. Each division or subsidiary operates independently, catering to the specific needs and demands of their respective industries.

7. Advantages: The main advantage of a diversified company is risk reduction through diversification. By operating in multiple industries, the company can spread its risks and minimize the impact of any one industry's downturn. Diversification can also provide opportunities for growth and expansion into new markets.

8. Limitations: However, managing a diversified company can be challenging as it requires expertise in multiple industries and the ability to allocate resources effectively. There may be increased complexity in coordinating operations, decision-making, and managing diverse business units. Additionally, a diversified company may face competition within each industry it operates in.

The former offers specialization and a deep understanding of a specific industry, while the latter provides risk reduction through diversification. Each approach has its advantages and limitations, and the choice between the two depends on various factors such as market conditions, risk tolerance, and strategic objectives.

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Which is an example of a pun that could be included in a book about space?

Which is an example of a pun that could be included in a book about space?

Answers

Answer:

When writing about planets, my favorite key on the keyboard is the space bar

Explanation:

btw can i plz get brainliest

PLEASE HELP! I'M DOING A TEST!!!
Which analyst position analyzes information using mathematical models to help business managers make decisions?
A) Budget Analyst
B) Management Analyst
C) Credit Analyst
D)Operations Research Analyst

Answers

Answer:

operations research analyst

victims of identity theft can request a credit freeze.

Answers

Answer:

True

Explanation:

People can use the victims credit card

The statement, "victims of identity theft can request a credit freeze" is true.

A credit freeze is a recognized and widely utilized measure to protect oneself from further identity theft-related harm.

By requesting a credit freeze, individuals can restrict access to their credit reports, reducing the risk of unauthorized accounts being opened in their name.

This measure serves as a preventive barrier, making it more difficult for identity thieves to exploit the stolen information.

Additionally, credit freezes are legally supported and regulated in many jurisdictions, providing victims with the right to request and implement this safeguard.

Thus, it is a recommended step in the aftermath of identity theft incidents to enhance security and regain control over personal financial information.

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control is the management function that provides a. leadership, communication, and motivation. b. structure and human resources management. c. standards, measurement, and comparisons. d. goals, objectives, strategies, and plans for success.

Answers

Answer: c. standards, measurement, and comparisons

Explanation:

Control is the management function that provides standards, measurement, and comparisons. Thus the correct option is C.

What is controlling?

Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates. The goal of control is to make sure that activities are carried out in compliance with the specified standards.

Any type of irregularity is detected through controlling, and appropriate corrective measures are then put in place. This aids in closing the gap between expected and actual performance, hence assisting in the achievement of organizational goals.

By examining the corporate environment and looking for challenges and possibilities, the purpose of the management process is determined. Therefore, option C is appropriate.

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Andros is the store manager at MegaTech. They sell home and business appliances to customers. Each day Andros greets customers, answers customer questions about different products, and helps with service breakdowns either in person, on the phone, or online. What is the term for these customer interactions?

Answers

The term for the customer interactions at MegaTech is called C. Customer Service.

What is customer service ?

Customer service is what organizations implement to guarantee customer delight with the products and services provided.

In this context, Andros is administering customer service by welcoming customers, answering inquiries, and resolving service concerns. Successful customer service can build up customer devotion and maintain customer retention, resulting in an enduring commercial success.

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Options are:
A. Sales

B. Marketing

C. Customer service

D. Public relations

How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.

Answers

Answer:

A

Explanation:

net worth is based on assets and income so if assets decrease your net worth decreases

Approximately how many new small businesses does the Small Business Administration estimate close during their first year of operation?

Select one:
a. slightly more than three-fourths
b. slightly less than one-fourth
c. slightly more than one-half
d. slightly less than one-third

Answers

Answer:

answer B

Explanation:

the US Bureau of Labor Statistic estimates that roughly 20% of all small businesses will fail/close during thir first year, meaning B is the only correct option

hope this helps!!

Answer:

c

Explanation:

slightly more than one half

A firm has net working capital of $2,176 and current assets of $7,530. What is the current ratio?a. 1.41b. 2.46c. 4d. 6

Answers

Based on the provided information, the current ratio is 1.41. (Option A)

The current ratio is a measure of a company's ability to pay its short-term obligations. It is calculated by dividing the current assets by the current liabilities. In this case, the firm has current assets of $7,530 and net working capital of $2,176. We can use the formula for net working capital to find the current liabilities:

Net working capital = Current assets - Current liabilities

$2,176 = $7,530 - Current liabilities

Current liabilities = $7,530 - $2,176

Current liabilities = $5,354

Now, we can calculate the current ratio:

Current ratio = Current assets / Current liabilities

Current ratio = $7,530 / $5,354

Current ratio = 1.41

Therefore, the correct answer is a. 1.41.

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Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light.True or false?

Answers

When an entrepreneur has a very positive and optimistic vision, he adjusts to the entrepreneurial mental framework (True)

The entrepreneurial mind frame is a term that refers to the human way of thinking that takes any situation in a very positive and optimistic way.

This mentality is characterized by seeing the positive factors in difficult situations or crises. On the other hand, it is a mind frame that allows the individual to take advantage of negative situations to devise innovative solutions.

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Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information

Answers

Answer:

acdf

Explanation:

Answer:

C,D,E

Explanation:

right on Edge

a bond's price volatility _________ at a/an _________ rate as maturity increases.

Answers

A bond's price volatility increases at a/an decreasing rate as maturity increases.

What is meant by price volatility?

Price changes of a commodity are referred to as "price volatility." The percentage difference in the commodity price from day to day is used to calculate volatility. A market is volatile if there is significant volatility, not if prices are high or low.

The most frequent approach to gauge market volatility is standard deviation, and traders can use Bollinger Bands to examine standard deviation. Another technique to gauge stock price volatility is maximum drawdown, which growth investors, asset allocators, and speculators use to control their losses.

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Which characteristic of money is directly influenced by the Federal Reserve and its control of the money supply?

Accepted
Durable
Portable
Scarce

Answers

Scarce is the characteristic of money is directly influenced by the Federal Reserve and its control of the money supply. Hence, option D is correct.

What is Scarce?

Lacking in amount or number compared to the demand: not numerous or bountiful. The fundamental difference between the two words is the 'want' for a particular thing.

When we use the term "rare," we usually imply that something is valuable but not necessary, and as a result, is not in great demand. But when something is described as "scarce," it means that there aren't enough of it to meet demand.

to leave a place in order to avoid being seen there or to be seen leaving. Better get out of here before my parents get home.

Thus, option D is correct.

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As a factor of production, what is capital?

A. an industrial good

B. the natural resources used to create a product

C. the entrepreneur who sees how to make something useful

D. the tangible products made by labor

Answers

Answer:

Option "D" is the correct answer.

Explanation:

Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.

What is an exhibit?
A. An example of a similar case that took place before
B. A summary provided after a case is over
C. A document, record, or other object formally introduced as
evidence in the court
D. Any individual involved in a case

Answers

Answer:

exhibition for companies in a specific industry to showcase and demonstrate their new products and services. ... Also, an exhibition of businesses offering franchises and/or business opportunity packages for sale.

Answer:

c

Explanation:

i just took the test and you  can find the answer on g.oo.gle

A document, photograph, object, animation, or other device formally introduced as evidence in a legal proceeding.

What is the very least amount of interest you could be charged, if you are charged at all?

Answers

Answer:

Most work in a manner that as you process more in the month and cover the minimum amount, the less you pay until you cover the full cost. For example, if your monthly minimum is $10.

under a modified endowment contract what are the likely tax consequences

Answers

Modified endowment contracts still pro-vide an income tax free death benefit for the bene-ficiaries. And a MEC still pro-vides tax defer-red cash value accumu-lation.

But any distributions from the cash value of the po-licy (or, now, endow-ment) can be subject to tax-ation to the extent that the mo-ney in the policy has grown.

What Is a Modified Endowment Contract?

A modified endowment contract (MEC) is a tax qualifi-cation of a life insurance policy whose fund-ing exceeds federal tax law limits. The tax-ation structure and IRS policy class-ification permanently change after a life insurance policy mor-phs into a modified endow-ment contract.

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_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity

Answers

Answer:

Workforce diversity

Explanation:

Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.

Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.

Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Jeevan conducts the business on behalf of Jayaram. Can you identify and differentiate the two types of partners.

Answers

Answer:

•Jayaram is a Limited partner

•Jeevan is an active partner

Explanation:

•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.

Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.

• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.

what is business and what is occupation​

Answers

Answer:

Business:

A person's regular occupation, profession, or trade.

Occupation:

A job or profession.

Explanation:

I looked them up in a dictionary.

Please mark me brainliest! I need it! Please!

Connect the words below (In any order) and create an essay
composed of NOT MORE than 15 sentences. Be creative and original. Write it on your Journal. Refer to the
rubrics below for your guide:



Words:
Association
Coordination
Responsibility
Authority
Structure

Answers

yin yang and nick are doing alright hbu you do not need yearn lol hbu lol i you are so cute lol
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