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Rodriguez Company pays $375,000 for real estate plus $19,875 in closing costs

Accounting

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Rodriguez Company pays $375,000 for real estate plus $19,875 in closing costs. The real estate consists of land appraised at $245,000; land improvements appraised at $73,500; and a building appraised at $171,500. Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition - Apportioned Cost s Land Land improvements Building Total 245,000 73.500 171,500 490,000 40% 15% 45% 100% $ $ 0.00 Required 2 >

INSTRUCTIONS: You are required to identify an organization as basis of case study (Any company as an example for the step of calculation)

QUESTIONS: Base on your choice of organization, as a consultant/ manager, you are required to:

Question 1: Analyse the cost behaviours using alternative cost estimation techniques. Justify the reason for choosing the respective cost estimations technique used.

Question 2: Analyse the profitability of the organization using alternative costing statements. Justify the reason for choosing the respective costing statement used.

Question 3: Identify and analyse the two types of decision making, which are OPEX and CAPEX appraisal. Justify the reason for choosing respective appraisal techniques.

Question 4: Analyse and evaluate performance of the organization using alternative performance measures and propose improvements that need to be undertaken by the organisation. Justify the reason for choosing the respective performance measurements used.