Business, 13.11.2019 06:31 asiaboo37

On january 1, 2014, fishbone corporation sold a building that cost $260,300 and that had accumulated depreciation of $105,700 on the date of sale. fishbone received as consideration a $249,400 non-interest-bearing note due on january 1, 2017. there was no established exchange price for the building, and the note had no ready market. the prevailing rate of interest for a note of this type on january 1, 2014, was 9%. at what amount should the gain from the sale of the building be reported? (round factor values to 5 decimal places, e. g. 1.25124 and final answer to 0 decimal places, e. g. 458,581.)

the amount of gain should be reported

$

on january 1, 2014, fishbone corporation purchased 330 of the $1,000 face value, 9%, 10-year bonds of walters inc. the bonds mature on january 1, 2024, and pay interest annually beginning january 1, 2015. fishbone purchased the bonds to yield 11%. how much did fishbone pay for the bonds?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:20, tatilynnsoto17

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year. a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs. b. calculate the eoq. c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Answers: 2

continue

Business, 22.06.2019 12:30, dtrdtrdtrdtrdrt1325

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Answers: 1

continue

Business, 22.06.2019 17:00, whitakers87

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Answers: 2

continue

Business, 23.06.2019 00:30, Chen19241

2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.

Answers: 1

continue

You know the right answer?

On january 1, 2014, fishbone corporation sold a building that cost $260,300 and that had accumulated...