The three phases of change as described by Lewin are unfreezing, changing, and refreezing. These phases have implications for change leadership in terms of planning, communication, and reinforcement.
Lewin's three phases of change are a framework for understanding the process of implementing change in an organization. The first phase, unfreezing, involves preparing the organization and its stakeholders for the change by addressing any resistance or barriers to change. The second phase, changing, involves the actual implementation of the change, which requires effective communication and planning to ensure a smooth transition. The final phase, refreezing, involves reinforcing the new behaviors and processes to ensure they become the new norm. Change leadership is essential in guiding the organization through each phase and ensuring a successful implementation of change.
To know more about the leadership visit:
https://brainly.com/question/29441598
#SPJ11
An entrepreneur could choose to buy a franchise because.....
1. It can be started as a sole proprietorship, partnership, or corporation
2. It is less stressful than starting a business from scratch. 3. It's a business brand with a proven track record.
All the given options are correct .An entrepreneur could choose to buy a franchise because it offers various ownership structures, reduced stress, and a proven track record.
1. A franchise can be started as a sole proprietorship, partnership, or corporation, providing flexibility in how the entrepreneur sets up and operates the business. This allows for a choice in ownership structure that best suits the entrepreneur's needs and goals.
2. Buying a franchise is less stressful than starting a business from scratch, as it typically comes with a proven business model, established processes, and support from the franchisor. This reduces the time and effort required to create, launch, and manage the business, allowing the entrepreneur to focus on growth and daily operations.
3. A franchise often has a business brand with a proven track record, making it easier for customers to recognize and trust the business. This brand recognition can lead to increased customer loyalty, repeat business, and a higher chance of success for the entrepreneur.
To learn more about entrepreneur - https://brainly.com/question/353543
#SPJ11
delta corporation has a bond issue outstanding with a 7% coupon, semiannual payments, and 4 years remaining until maturity. the par value of the bond is $1,000. determine the current value of the bond if present market conditions justify a 14% nominal annual required rate of return.
The current value of the bond if present market conditions justify the given rate of return is $760.81
How to find the current value of the bond ?To calculate the current value of the bond, we need to find the present value of the coupon payments and the present value of the par value.
First, let's find the present value of the coupon payments.
PV coupon = Coupon payment * (1 - (1 + r)^-n) / r
PV coupon = $35 x (1 - (1 + 0.07)^-8) / 0.07
PV coupon = $178.80
Next, we need to find the present value of the par value, which will be received at the end of the 8th period:
PV par = Par value / (1 + r)^n
PV par = $1,000 / (1 + 0.07)^8
PV par = $582.01
Finally, we can find the current value of the bond by adding the present values of the coupon payments and the par value:
Current value = PV coupon + PV par
Current value = $178.80 + $582.01
Current value = $760.81
Find out more on current value at https://brainly.com/question/25596583
#SPJ1
se the drop-down menu to complete each statement. A good is considered when producers can quickly supply more or less of it based on changing prices. A good is considered when producers can quickly change how much of it is supplied when prices change.
Answer: elastic; inelastic
Explanation:
A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.
In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.
Answer:
elastic, inelastic
Explanation:
bc i said so
When a release of hazardous chemicals from a site occurs, potentially responsible parties can avoid liability through transfer of ownership.
t /f
The statement "When a release of hazardous chemicals from a site occurs, potentially responsible parties can avoid liability through transfer of ownership" is false.
Under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the responsibility for the cleanup of hazardous substances and the associated liability remains with the potentially responsible parties (PRPs) even if ownership of the site is transferred.
Transferring ownership of the contaminated site does not exempt the PRPs from their obligations. They are still legally responsible for the costs of cleaning up the site, as well as any potential damages to natural resources. This liability applies regardless of the transfer of ownership, and new owners may also become liable if they do not take appropriate actions to address the contamination.
To know more about Ownership visit-
brainly.com/question/28586346
#SPJ11
the expected return on hilo stock is 14.90 percent while the expected return on the market is 13 percent. the beta of hilo is 1.31. what is the risk-free rate of return? multiple choice 3.44% 6.87% 2.46% 1.90% 8.18%
The risk-free rate of return is approximately 2.46%. Option C is correct.
The Capital Asset Pricing Model (CAPM) can be used to estimate the expected return on an asset based on its beta, the expected return on the market, and the risk-free rate of return. The formula for the CAPM is as follows:
Expected return = Risk-free rate + Beta x (Expected market return - Risk-free rate)
In this case, we know that the expected return on Hilo stock is 14.90%, the expected return on the market is 13%, and the beta of Hilo is 1.31. We need to solve for the risk-free rate of return.
Plugging in the values, we get:
14.90% = Risk-free rate + 1.31 x (13% - Risk-free rate)
Simplifying the equation, we get:
14.90% = Risk-free rate + 1.31 x 13% - 1.31 x Risk-free rate
14.90% = 0.69 x Risk-free rate + 1.31 x 13%
Substituting the values, we get:
14.90% = 0.69 x Risk-free rate + 17.03%
Solving for the risk-free rate, we get:
Risk-free rate = (14.90% - 17.03%) / 0.69
Risk-free rate = approximately 2.46%
As a result, the risk-free rate of return is about 2.46%. Option C is correct.
To know more about the Risk-free rate, here
https://brainly.com/question/31073834
#SPJ4
the preferece share of an entity pay an annual dividend of R8 per share. calculate the cost of the preference share if the price value of the share is R100 and the shares are currently tradig at a market price of R110 per share. the tax rate is currently 28%
To calculate the cost of the preference share, we need to consider the dividend payment and the market price of the share.
Dividend per share = R8
Price value of the share = R100
Market price of the share = R110
Tax rate = 28%
The cost of the preference share can be calculated using the formula:
Cost of Preference Share = Dividend / Market Price
Dividend = R8 (annual dividend per share)
Market Price = R110 (current market price per share)
Cost of Preference Share = 8 / 110
Now, let's calculate the cost of the preference share:
Cost of Preference Share = 0.0727 (rounded to four decimal places)
Next, we need to consider the tax rate. Since the tax rate is 28%, we need to adjust the cost of the preference share accordingly:
Cost of Preference Share (after tax) = Cost of Preference Share * (1 - Tax Rate)
Cost of Preference Share (after tax) = 0.0727 * (1 - 0.28)
Cost of Preference Share (after tax) = 0.0522 (rounded to four decimal places)
Therefore, the cost of the preference share, after considering the tax rate, is approximately 0.0522 or 5.22%.
Learn more about tax here : brainly.com/question/12611692
#SPJ11
Prepare a broad audit plan: a. What material types of transactions and transaction cycles are involved? b. What are the high-risk areas? c. What are the low-risk areas? d. If management faced pressure regarding the entity's financial performance, what opportunities might exist for them to engage in fraudulent financial reporting? e. To what extent do you believe it will be appropriate to reduce assessed control risk? f. How will audit effort be allocated among geographical areas, operating segments and subsidiaries? 8. g. What form of auditor's reports do you expect will be issued; what does it mean? What type of opinion was given last year? Who is the current auditor? What were the previous year's audit fees and other fees?
The audit plan should be designed to provide reasonable assurance that the financial statements are free from material misstatement, and to identify any significant risks or issues that could impact the entity's financial statements.
Material types of transactions and transaction cycles involved: The audit plan should identify the major transaction cycles and material types of transactions that are significant to the entity's financial statements. These may include revenue recognition, accounts receivable, inventory, accounts payable, capital expenditures, debt, and equity.
b. High-risk areas: The high-risk areas should be identified based on their potential impact on the financial statements, including areas such as revenue recognition, related party transactions, management estimates, and significant accounting policies.
c. Low-risk areas: Low-risk areas can be identified where the risk of material misstatement is relatively low, such as routine transactions or areas with strong internal controls.
d. Fraudulent financial reporting: The plan should consider the potential for fraudulent financial reporting in the context of management's pressure to meet financial targets. This may include identifying potential opportunities for management to engage in fraudulent activities, such as manipulating accounting estimates or transactions.
e. Assessing control risk: The auditor should assess the effectiveness of the entity's internal controls and determine the appropriate level of control risk. The extent to which control risk can be reduced will depend on the strength of the internal controls.
f. Allocating audit effort: The audit effort should be allocated based on the level of risk and materiality of each operating segment, subsidiary, or geographical area.
g. Auditor's report: The form of the auditor's report will depend on the outcome of the audit. The report may include a standard unmodified opinion or a modified opinion if there are material issues with the financial statements. The previous year's auditor's report and fees should be reviewed to understand the scope and nature of the previous audit.
To know more about financial
https://brainly.com/question/30624094
#SPJ4
Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
plssssssssssssssssssssssssssssssssssssssssss i need this asap
what is the most likely reason why a text-only billboard that is advertising a new vacuum cleaner not get a heavy consumer response?
a. bc the product is poor quality
b. bc the billboard isn't attention grabbing
c. bc the target audience won't see the billboards
d. bc no one buys vacuum cleaners anymore
Answer:
b
Explanation:
because it makes sense
Answer:
c
Explanation:
the most reasonable answer.
on may 7, carpet barn company offered to pay $77,480 for land that had a selling price of $90,000. on may 15, carpet barn accepted a counteroffer or $87,500. on june 5, the land was assessed at a value of $100,000 for property tax purposes. on december 10, carpet barn company was offered $128,800 for the land by another company. at what value should the land be recorded in carpet barn company's records?
The value at which the land should be recorded in Carpet Barn Company's records depends on the accounting principle that the company follows. There are two main accounting principles used for recording the value of assets: historical cost and fair value.
1. Historical Cost: According to this principle, the land should be recorded at the original cost at which it was acquired. In this case, the original cost offered by Carpet Barn Company was $77,480. Therefore, if Carpet Barn Company follows the historical cost principle, the land should be recorded at $77,480. 2. Fair Value: Fair value is the amount at which an asset could be bought or sold in a current transaction between willing parties. The subsequent counteroffer of $87,500 and the later offer of $128,800 indicate that the fair value of the land increased over time. If Carpet Barn Company follows the fair value principle, the land should be recorded at the most recent fair value, which is $128,800.
It's important to note that the choice between historical cost and fair value depends on the accounting policy of Carpet Barn Company. Both methods have their advantages and disadvantages, and companies can select the one that best aligns with their financial reporting objectives and requirements. In conclusion, the land can be recorded at either the historical cost of $77,480 or the fair value of $128,800, depending on the accounting principle chosen by Carpet Barn Company.
To know more about company visit:
brainly.com/question/16258880
#SPJ11
A coaches who forces students to do drills to the point of exhaustion to improve physical performance, but who then caringly listen to personal problems is balancing ______. Group of answer choices
Complete Question:
A coach who forces students to do drills to the point of exhaustion to improve physical performance, but who then caringly listen to personal problems is balancing task and relationship leadership.
Group of answer choices
A. democratic and authoritarian leadership.
B. unrealized strengths and weaknesses.
C. task and relationship leadership
D. laissez-faire and authoritarian leadership.
Answer:
C. task and relationship leadership.
Explanation:
A coach who forces students to do drills to the point of exhaustion to improve physical performance, but who then caringly listen to personal problems is balancing task and relationship leadership.
Since the students are expected to improve their performance by doing drills, it is necessary that the coach ensures they complete the task as their supervisor and acting in the capacity of a leader. Also, the coach being a leader should show empathy and have a good listening hear to their personal problems.
In the case when the coaches who forces students to do drills to the point of exhaustion so it represent the task and relationship leadership.
Task and relationship leadership:In the case when the coach who forces students to do drills to the point of exhaustion for improbving out the physical performance, so it deals with the balancing task and relationship leadership.
Also by doing the drills, the performance should be increased also the coach has to assure that they finish the task according to the supervisor also acted with respect to the leader.
Learn more about performance here: https://brainly.com/question/21722002
a law firm collected $1,800 in advance for work to be performed in three months. which of the following general journal entries will the firm make to record this transaction? multiple choice debit accounts receivable, $1,800; credit unearned revenue, $1,800. debit cash, $1,800; credit unearned revenue, $1,800. debit services revenue, $1,800; credit accounts receivable, $1,800. debit accounts receivable, $1,800; credit services revenue, $1,800. debit cash, $1,800; credit accounts receivable, $1,800.
A law firm collected $1,800 in advance for work to be performed in three months. The following general journal entries will the firm make to record this transaction Debit Cash, $1,800; credit Unearned Legal Fees Revenue, $1,800.
Which of the following scenarios best captures the initial steps of the accounting process?Evaluate each transaction, log pertinent transactions, publish journal data to ledger accounts, calculate the trial balance, and do a final analysis.
What should a business record the amount invoiced as when it offers services for which payment won't be received until a later date?A transaction that raises an asset and lowers a liability must also have an impact on one or more other accounts.
What happens before a transaction or event occurs in order to compile a financial statement?Evaluate and log transactions is the first step.
Posting transactions to the ledger is step two.
Create an unadjusted trial balance in step three.
Step 4: At the end of the term, prepare adjustment entries.
Create an adjusted trial balance in step five.
Create financial statements in step six.
To Know more about journal entries
https://brainly.com/question/15889958
#SPJ1
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
Discuss the relationship between trade and management
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers. International trade allows countries to expand markets for both goods and services that otherwise may not have been available. It is the reason why an American consumer can pick between a Japanese, German, or American car. As a result of international trade, the market contains greater competition and therefore, more competitive prices, which brings a cheaper product home to the consumer.
Hey guys this is for the edmentum unit activity: Earning and Protecting money. Pls help :’)
What are three most common incentives for offering health insurance to employees?
A. It improves employees health and increases productivity.
B. It reduces the cost of office administration.
C. It helps attract and retain high-quality employees.
D. It provides the business a tax advantage.
E. It increases the business chance of overcoming competition.
Answer:
Explanation:
I think it's a,b and e
Hope it helps
1.1.2 Quiz: Business Goals and Standards
Question 1 of 10
Define the word profit in business.
OA. Money left after costs are paid
B. Commercial activity
OC. Quality care
OD. Structure for wealth
SUBMIT
The word profit in business means the money left after costs are paid (option A).
What are the costs or business expenses?Costs or expenses in business include the costs that are considered necessary and ordinary as well. Business expenses include travel charges, bank fees, bank interests, payroll of the employees, fees, commissions, and office equipment.
The money that is left after paying the business expenses or the costs includes the profit. It is important to mention that businesses have to pay their business expenses and after deducting that money, the amount that is left with a business organization is the profit.
It can be concluded that the word profit in business means the money left after costs are paid (option A).
To know more about, costs or business expenses, check this link:
https://brainly.com/question/14697297
#SPJ9
1. Juanita worked for several years in her uncle's auto repair shop. She learned how to do all types of repairs. She enjoys getting out and meeting new people. She doesn't like sitting at a desk and working all day on the computer. Her math skills are good, but she did not take any math classes as part of her two-year associate's degree. She is good with people and good in a crisis. She is also detail oriented. Which insurance career listed above would probably be a good fit for Juanita? Why? (8 points)
Answer:
she'll be an claim adjuster/investigator she works at repair shop so she can investigate it and see what insurance they need
Explanation:
The insurance career that would probably be a good fit for Juanita based on her math skills would be a Claims Adjuster.
Who are Claim Adjusters ?Claims adjusters are responsible for investigating and resolving insurance claims. They typically work for insurance companies, but they may also work for independent adjusting firms.
Claims adjusters need to be good with people and be able to handle difficult situations. They also need to be detail-oriented and have good math skills. Juanita's experience working in her uncle's auto repair shop would give her a good foundation for this career. She would also be able to use her math skills to calculate estimates and settlements.
Find out more on insurance careers at https://brainly.com/question/19619231
#SPJ3
Businesses are important to a free enterprise system because they?
Answer:
A.provide consumers with goods and services
Multiple choices
A.provide consumers with goods and services
B. make legal decisions related to property rights.
C. prevent entrepreneurs from taking to many risks.
D. enforce economic regulations to protect citizens.
Explanation:
Production of goods and services is done by the private sector in a free enterprise system. A majority of the factors of production belong to the private sector. The government does not actively participate in economic activities.
In the free enterprise system, the private sector produces and distributes goods and services in the economy. In other words, all the goods and services consumed in a free enterprise system are produced by the private sector.
on what grounds is the Trump administration investigating imposing tariffs on imported automobiles?
Answer:
The clock has run out on President Donald Trump's "Section 232" tariffs on imports of foreign-made cars and auto parts, after he failed to announce a decision by a self-imposed deadline, trade law experts say.
The U.S. administration may have to find other means if Trump wants to tax European or Japanese car imports, a key part of the U.S. president's pledge to make America's trade relationships more fair, the experts say.
I am asking for a $____________________ investment in exchange for ______%
of my company.
Answer:
100
Explanation:
u can get 10% profit.
you will be easily benefited
It can change ur life
a manager who takes very little time to make a decision probably has the trait of ________.
Answer: high risk-taking
Explanation:
A manager who takes very little time to make a decision probably has the trait of decisiveness.
A manager who takes very little time to make a decision probably has the trait of being decisive. Decisiveness is the ability to make quick and effective decisions based on available information, and it is a valuable trait for managers who need to make timely decisions in a fast-paced work environment. A decisive manager can help a team move forward quickly and efficiently, but it's also important to consider the potential risks and drawbacks of making decisions too quickly without sufficient information or analysis.
Learn more about manager here:
https://brainly.com/question/28345325
#SPJ11
Which of these is considered the highest level of management?
A. Supervisor
B. Team member
C. Executive
D. Middle manager
C. The Executive. Hope that helps...
The Executive is considered the highest level of management. Option C is correct.
What is the management?Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.
The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.
Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.
Therefore, option A is correct that The Executive is the most senior level of management.
Learn more about the management, refer to:
https://brainly.com/question/29023210
#SPJ2
Do you think you should use a zero-based budgeting system? Explain why or why not.
Jacob works part-time as a cashier at a drug store. His gross pay for the year
was $8,000. Based on his income level, the federal tax rate he'll need to pay is
10%. For his state taxes, Jacob will need to pay 5% and the FICA rate is
7.65%. What is Jacob's net pay for the year?
A. $1,812
B. $7,200
C. $6,188
D. $6,988
Answer:
Option C
Explanation:
Gross Salary of Jacob = $ 8000
Federal tax paid by him = 10% of $8000 = $800
State tax = 5% of $8000 = $400
FICA rate = 7.65% of $8000 = $612
Net Pay of Jacob = $ 8000 - $800 -$400-$612
= $6188
Hence, option C is correct
The chart shows a sample paycheck stub.
A 2-column table has 6 rows. The first column has entries Salary, Federal income tax, social security tax, medicare tax, state income tax, and net pay. The second column has entries 1106.45, 122.67, 68.60, 16.04, 10.33, and 888.81.
The chart shows that federal and state taxes are
added to employee pay.
withheld from employee pay.
refunded in employee pay.
filed through employee pay.
Answer:
withheld from employee pay.
Explanation:
The term withheld means that the employer deducts the taxes from the employee's pay when processing the payroll. By withholding, the money meant for taxes will not get to the employees' accounts.
The employee's gross pay is $1,106. 45. the next pay is $888.41. the employer must have made some deductions that have reduced the net pay to $888.41. These deductions are the tax amounts that have been withheld by the employer.
while examining the pros and cons of introducing a smoking-cessation program for the employees of lite lead manufacturing, sujin does extensive research and learns that the pros far outnumber the cons. she decides to recommend that the company implement the program. which statement will increase the positivity of her proposition?
Smoking cessation programs result in lower health care costs and fewer sick days for employees. An inductive approach to writing a business case.
NTCP is implemented in three layers. H. (i) National Tobacco Control Commission (NTCC) at the central level, (ii) State Tobacco Control Commissions (STCC) at the state level, and (iii) District Tobacco Control Commissions (DTCC) at the district level. There are also provisions for establishing district-level smoke-free services.
Recognized as one of the most effective smoking cessation programs in the country, Freedom From Smoking has helped hundreds of thousands of people quit smoking completely and is now available in a variety of formats. Options are:
Prescription nicotine in nasal spray or inhaler. You can buy nicotine patches, gum, and lozenges without a prescription. Prescription non-nicotine smoking cessation drugs such as bupropion (Wellbutrin SR, Wellbutrin XL, etc.) and varenicline.
Clinicians can use the "5 R's" to motivate patients to consider quitting smoking.
Relevance, risk, reward, obstacles, repetition. Relevance - Encourage patients to show why smoking cessation is personally relevant. Risks - Ask the patient about possible adverse effects of tobacco use.
Know more about business here:
https://brainly.com/question/14971689
#SPJ4
name two advantages and two disadvantages of being able to shop online.
Answer:
two advantages is that u can not out with with the pandemic and u don't have to leave ur house two disadvantages are if u get scammed or if it doesn't fit u or sizes u or if they treat u badly
true or false: sending emails is an outdated and relatively unused practice when it comes to launching a product.
False, sending emails is not an old and little-used strategy for introducing a product.
The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all product possible. Every good has a price because it costs money to strategy produce it. The market, quality, marketing, and targeted market segment all affect the price that can be charged. Every product has a shelf life after which it needs to be replaced and a life cycle after which it needs to be redesigned. To make a brand more applicable to the market and the times, in FMCG parlance, it can be extended, relaunched, or revamped.
A product must be applicable; users must find immediate use for it. A product must have the functionality and quality to carry out its intended function.
It's important to communicate a product's benefits to users and potential users so they understand why they should use it and how it will improve strategy their lives. This is best achieved through marketing and "brand building."
Learn more about product here
https://brainly.com/question/22852400
#SPJ4
Part A
In the video, what tax cut is President Obama extending?
Answer: He is announcing an extension of a cut in payroll taxes.
Explanation: edmentum/ plato
On June 25, Snap Repair Service extended an offer of $100,000 for land that had been priced for sale at $114,000. On July 9, Snap Repair Service accepted the seller's counteroffer of $109,000. On October 1, the land was assessed at a value of $164,000 for property tax purposes. On December 22, Snap Repair Service was offered $174,000 for the land by a national retail chain. At what value should the land be recorded in Snap Repair Service's records? $fill in the blank
The land should be recorded in Snap Repair Service's records at a value of $109,000.
When Snap Repair Service extended an offer of $100,000 for the land on June 25, it was below the original asking price of $114,000. However, on July 9, the seller accepted Snap Repair Service's counteroffer of $109,000. This represents the mutually agreed-upon purchase price for the land.
The assessment of the land at a value of $164,000 on October 1 for property tax purposes does not impact the recording of the land's value in Snap Repair Service's records. Property tax assessments are typically based on market value and are used for taxation purposes rather than determining the actual value of the asset.
Similarly, the offer of $174,000 by a national retail chain on December 22 does not affect the recorded value of the land. While it indicates a potential higher market value, the accepted counteroffer of $109,000 remains the agreed-upon purchase price and should be used for recording purposes.
Therefore, Snap Repair Service should record the land in its records at a value of $109,000, reflecting the actual cost of the asset.
Learn more about records here:
brainly.com/question/31911487
#SPJ11