Cash $109,000 accounts payable $50,700 land 70,400 notes payable (long-term) 301,700 buildings (net) 200,400 total liabilities 352,400 equipment (net) 175,400 common stock $212,000 copyrights (net) 30,400 retained earnings 21,200 233,200 total assets $585,600 total liabilities and stockholders’ equity $585,600 moss and sandhill agree that: 1. land is undervalued by $30,000. 2. equipment is overvalued by $5,000. sandhill agrees to sell the gallery to moss for $350,000. prepare the entry to record the purchase of sandhill galleries on moss’s books.

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.

What is the difference between the contractual interest rate and the market interest rate?

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)