If each transaction of the company has commercial substances . Grand Forks Corp would record the new equipment at A : $75,500.
New EquipmentEquipment are fixed assets and this fixed assets add value to a company although equipment tend to wear out or depreciate . On the other hand commercial substance occur when a company or an organization experience change in their cash flow.
We would be making use of this formula to determine or find the amount that the company equipment should be recorded .
Equipment = Book value of the assets + Fair value paid for the assets
Where :
Book value of the assets = $69,700
Fair value paid for the assets = $14,800
Let plug in the formula so as to find the equipment the company recorded :
Equipment :
Equipment = $60,700 + $14,800
Equipment = $75,500
Therefore the company would have to record the new equipment in the amount of $75,700 since the company has no commercial substance.
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On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available:
Sales, January 1 through July 8 $ 697,000
Inventory, January 1 131,000
Purchases, January 1 through July 8 648,000
Gross profit ratio 20 %
What is the estimated inventory on July 8 immediately prior to the fire?
Multiple Choice
$221,400.
$557,600.
$129,600.
$222,600.
The estimated inventory on July 8 immediately prior to the fire is A. $221,400.
How is the estimated inventory determined?The estimated inventory can be determined by first calculating the cost of goods sold from the gross profit margin.
The margin of the cost of goods sold to the sales is 80% (1 - 20%). This margin is applied to the sales revenue to obtain the dollar value.
The cost of goods available for sale can be found using the beginning inventory plus purchases or the cost of goods sold and ending inventory.
Sales, January 1 through July 8 = $697,000
Inventory, January 1 = $131,000
Purchases, January 1 through July 8 = $648,000
Cost of goods available for sale = (Purchases + Beginning Inventory)
= $779,000 ( $131,000 + $648,000)
Gross profit ratio = 20%
Cost of goods sold ratio = 80% (1 - 20%)
Cost of goods sold = $557,600 ($697,000 x 80%)
Cost of goods sold = Cost of goods available for sale - Ending inventory
Estimated ending inventory = Cost of goods available for sale - Cost of goods sold
= $221,400 ($779,000 - $557,600)
Thus, the ending inventory before the fire was $221,400.
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A setting of Gregorian chant with one note per syllable is called:
A. Melismatic
B. Modal
C. Syllabic
D. Neumatic
Answer:
C. Syllabic
Explanation:
Syllabic (Medieval period) is a text set with one syllable per note.
how light and dark value are used to create mood?
Answer:
light and dark values are used to create mood because values can have psychological influences on the brain and automatic emotional associations as well as being socially universal due to it often matching real life lighting and colors.
Explanation:
for example, if one were to create a joyful mood, they would create a bright scene with light and saturated or pastel values because often light symbolizes positive or energetic aspects, while dark values often symbolize negative, low energy, or simply moody feelings, like a picture of a cafe at night being much more mellow with its dark values compared to a brightly colored cafe at day.
Which symbol stands for a low range of notes?
A. Treble clef
B. Time signature
C. Bass clef
D. Key signature
Bass clef stands for a low range of notes.
What is a bass clef?Seven fundamental musical notes—A, B, C, D, E, F, and G—make up the chromatic scale.Each one stands for a certain pitch or frequency.As an illustration, the "middle" A note has a frequency of 440 Hz, while the "middle" B note has a frequency of 494 Hz.Clefs provide information on the variety of pitches that can be expressed on the staff lines.For high pitches, a treble clef is utilized, and a bass clef is used for low tones.The bass clef line notes in order from the bottom are G, B, D, F, and A.Some individuals recall this information using the mnemonic Good Boys Deserve Fudge Always.To learn more about notes, refer
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Poverty is a deep and disturbing human condition that lingers on the edge of society, but it does not have to be your reality. What can you do to protect yourself and your family against poverty?
The thing you can do to protect yourself and your family against poverty is: To work.
What is poverty?Poverty is when a person cannot afford the basic things of life or when a person find it hard to put food on their tables.
Poverty can be eliminated and be prevented when your work hard and as well do not have poverty mentality. A hard working person with determination will be able to overcome poverty and will be able to afford all the basic things of life.
Therefore by working hard can tend to protect someone from poverty.
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