Bob's Bakery made a basket purchase involving four assets. Their market values were A: $50,000; B: $46,000 C: $48,000; and D: $56,000. The price Bob's paid for the four assets was $150,000. To the nearest dollar, what final price will be recorded for asset D? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

Question

Quizplus · Accepted Answer

To find the final price recorded for asset D, we need to calculate the proportion of the total price that corresponds to asset D.

Total market value of assets = $50,000 + $46,000 + $48,000 + $56,000 = $200,000

Proportion of the total market value that corresponds to asset D = $56,000/$200,000 = 0.28

Therefore, the final price recorded for asset D is:

$150,000 x 0.28 = $42,000

So the answer is D.

Bob's Bakery Made a Basket Purchase Involving Four Assets