What is product market?

Jones Corporation purchases a piece of land for $300,000. Jones Corp. paid $3,000 in brokerage commissions, $10,000 to clear and

klasskru [66]

Answer:

$505,000

Explanation:

Cost of asset includes all the cost involved to acquire and construct the asset. In simple term all the costs that are necessary to make the asset usable are capitalised and added to the cost of the asset.

There are many cost in this question which need to be capitalized. Some is relevant to the building and other to the land account.

The costs specifically associated with the building account are

Construction of Building = $500,000

Construction Permit of Building = $5,000

Total cost to be capitalized in building account = $500,000 + $5,000 = $505,000

Delinquent property taxes is applicable on the land inclusive of building will incur even if there is no, building constructed on the land. So, this tax will be included in the Land value.

4 0

3 years ago

Read 2 more answers

Indicate whether the following statements are true (T) or false (F). nothing: When the marginal revenue is positive, demand

Effectus [21]

Answer:

1) True, because MR = P[1-1/e] demand is elastic if e> 1. Thus for e>1 MR is positive.

2) False, because for elastic demand increase in price will lead to fall in revenue.

3) False, because MR will be zero.( MR = P[1-1/e], put e = 1)

4) True, because MR will be positive

5) FaIse

8 0

4 years ago

For the past 50 days, daily sales of a specialty product in a large grocery store have been recorded:Units Sold Number of Times1

Korolek [52]

Answer:

(A) what is the average number of units sold for 50 days: 820, 1830, 1040, 850, 6

(B) what is the standard deviation

(C) what is the average number of units sold for 5 days: 86, 23, 73, 40, 95

(D) can we conclude that the sales are random?

Explanation:

(A)

(820×10) + (1830×10) + (1040×10) + (850×10) + (6×10) = 45,460

45,460÷50 = 909.2units

(B)

(909.2-820)^2 × 10 = total squared mean deviation of the first 10 sales or 10days - sales of 820 per day

Doing same for the other 4 values, the total of squared mean deviation for the 5 days is

16922128÷50 = 338442.56 = Variance of the set of sales values

Standard Deviation is the square root of Variance so it is 581.758

(C) Mean of random units sold in 5 days: 317÷5 = 63.4

(D) for 50 days, mean sale was 909.2 units

For 5 days, random mean sale was 63.4

50÷5=10

909.2÷63.4=14.34

Yes, we can conclude that the sales are random

4 0

4 years ago

An investment should be undertaken A) if the present value of the expected income stream associated with the investment is great

Alona [7]

Answer:

A) if the present value of the expected income stream associated with the investment is greater than the full cost of the investment project.

Explanation:

It is when the present value of the expected income stream associated with the investment is greater than the full cost of the investment project that the project is profitable. Most investments are undertaken with the aim of making profits.

The net present value can be used to determine if the present value of the expected income stream associated with the investment would be greater than the full cost of the investment project.

3 0

3 years ago

Should you think about supply and demand when considering your future career ?why or why not

Oxana [17]

It really depends. If there is more supply and demand then your businesses will most likely be better. And if there is low supply and demand the demand for the items is not so high causing less business.
hope this helps!

3 0

4 years ago