Answer:
The cost of the land should be recorded as $108,350
Explanation:
Land cost = $112,000
Demolition dilapidated building = $2,200
Legal fees - title search = $1,450
Cost of land = Land cost - Demolition dilapidated building - Legal fees - title search
Cost of land = $112,000 - $2,200 - $1,450
Cost of land = $108,350
Since your town was impacted in a negative way by the flooding the demand for home improvement items will be high. When demand is high and supply is low it can drive up prices. Most stores would definitely take advantage of this supply and demand case because they could turn a bigger profit. That would be a motivating reason for some people or companies.
As for me personally, I would not raise prices in my business because I feel that is taking advantage of people in a bad situation. You know that they are going to need to supplies to help them fix flood damage and they will have no option but to buy the needed materials. However, if you raise prices it could backfire on you and they may go somewhere else to get the materials needed instead of shopping with you.
Answer:
You have to read all the paperwork. Find the interest rate for the following purchase. To finance a new laptop, Emilie is offered a 4 year payment plan with low monthly payments of $34.40. The cost of the laptop was $884.15 including tax. Round to one decimal place, if necessary. The interest rate is
Answer:
The correct answer is the statistical section
Explanation:
The comprehensive annual financial report is divided into three areas, which are:
The introduction
Financial section
Statistical section
The introductory paragraph serves a guide to readers in digesting information contained in the financial and statistical sections.
The financial section presents information on the financial performance and position of the business.This section contains all the relevant financial statements,disclosure notes on financial reporting as well as the the report issued by the independent auditor upon conclusion of annual audit.
Lastly, the statistical section is more like a five-year or ten-year financial summary showing the performance of the company year-on-year,highlighting where performance was encouraging,so also where improvement is expected.
