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DIA [1.3K]
3 years ago
8

Which of the following is included in the cost of constructing a building? a.cost of paving the parking lot b.insurance costs du

ring construction c.cost of repairing vandalism damage during construction d.cost of removing the demolished building existing on the land when it was purchased
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

b.insurance costs during construction

Explanation:

As we know that the building is come under the fixed assets whose life can be 10 years or more

So while constructing the building various cost is included i.e manufacturing cost which comprises of material, labor, and overhead

Plus, the insurance cost that is to be incurred during the construction period is also included

Hence, b option is correct

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The industry-low, industry-average, and industry-high benchmarks on pp. 6-7 of each issue of the Camera
Ainat [17]

These are worth careful scrutiny by the managers of all companies because when a company's costs for one or more of the cost benchmarks are deemed "out-of-line," managers need to initiate corrective actions in the next decision round.  only have value to the managers of companies whose costs are below the industry averages.

<h3>What do you mean by industry?</h3>

An industry is a group of companies that are related based on their primary business activities.

In modern economies, there are dozens of industry classifications. Industry classifications are typically grouped into larger categories called sectors.

<h3>What are the 4 types of industry?</h3>

There are four types of industry, namely primary, secondary, tertiary and quaternary.

Primary industries involve the activities related to extraction and processing of natural resources, such as agriculture, mining, fishing, etc.

Learn more about industries here:

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8 0
2 years ago
On March​ 15, Maxwell Plush sold and shipped merchandise on account for​ $6,000 to Kittson Amusement​ Park, terms FOB shipping​
a_sh-v [17]

Answer:

(a)- Its assets will​ increase, as will its equity

Explanation:

The commercial terms state FOB shipping​ point therefore the transfer succeeds once the cargo enter the port.

The sale is thus completed. The revenue can be recognize thus, increasing the company's equity and assets.

Account receivable(+Assets)     debit

             Sales Revenue(+Equity)           credit

8 0
3 years ago
Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold o
patriot [66]

Answer:

Gross profit equals $420,000

Explanation:

To get gross profit , we only discount the cost of goods sold from the Total sales

Gross profit Formula= net sales – cost of goods sold

Gross profit =$800,000- $380,000

Gross profit =$420,000

We use sales returns and allowances, sales discounts and operating expenses to get net income.

5 0
3 years ago
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
Step2247 [10]

Answer:

Explanation: Ik weet het echt niet en ik ga je plagen met mijn antwoord, ik verwacht niet dat je je moeder afbreekt op zoek naar dit haha.  

7 0
3 years ago
A nonprofit that helps low-income elderly people and their families navigate the health care system has been experiencing high t
Degger [83]

Answer:

The correct answer is the second option: Offer internship opportunities to college students getting degrees in social work.

Explanation:

To begin with, in the case that an organization is experiencing a situation like that where its entry-level workers have been experiencing a high turnoever then the proper action to take is to offer internship opportunities to college students getting degrees in social work due to the fact that those studets will be people just graduated and therefore that they will be looking for jobs with no intention of leaving the organization, so in that order the nonprofit should welcome those interns for training and later leave the best ones and they will not quite the job because they will not have nothing else.

8 0
4 years ago
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