Answer:
c. $90,700
Explanation:
The computation of the cost of the land is shown below:
= Purchase cost of land + property taxes + attorney fees + land graded cost
= $85,000 + $2,500 + $1,000 + $2,200
= $90,700
We added the property taxes, attorney fees, and the land graded cost to the purchase cost of the land. We do not include the parking lot expenses
Answer:
The share capital will increase by $34000
Explanation:
dividend declared is in stock (10% of existing holding)
Share capital = 68,000 shares. dividend = 10% of 68,000 = 6,800
Par value of share is $5 per unit. Thus share capital increase is $5 x 6,800 = $32,000
share premium (23-5)= $18 per share. Thus share premium reserve will increase by 18 x 6,800 = $122,400
share premium is the difference between market value and par value of shares.
Answer:
$5,500 USD
Explanation:
Since traditional Roth IRA accounts cannot be owned jointly, then both individuals must have their own account. That being said they can still contribute to each other's Roth IRA accounts on behalf of their spouse. You can contribute a total of 100% of your earned income up to a limit of $5,500 USD. Pensions are not allowed as contributions. Individual's over the age of 50 have a limit of $6,500
The answer is letter c. The foremost concern with the source documents of job cost records is the accuracy of the records. Problems happening in this area consist of incorrect recording of quantity or dollar amounts, materials recorded on one job being “borrowed” and used on other jobs, and erroneous job numbers being assigned to materials or labor inputs. The main advantages of using computerized source documents for job cost records are the accurateness of the records and the capability to offer managers with immediate feedback to help control job costs.
Answer:
<u> C. The firm likes its workers and doesn’t want to replace some jobs with machinery.</u>
Explanation:
Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.
So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.
