Two construction companies, dakota and carolina, are in the construction business. each owns a tract of land being held for development, but each company believes that the other's land is better suited to enhance the success of each planned develop accordingly, they agree to exchange their land and have the following information: land dakota's carolina's land cost and book value $400.000 $250,000 fair value based upon appraisal $500,000 $450,000 the exchange of land was made, and based on the difference in appraised fair value, carolina paid $50,000 cash to dakota. refer to exhibit 10-1. for financial reporting purposes, dakota should recognize a gain on this exchange in the amount $200,000.b. $50,000.c. $0d. $100.000

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.