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Juli2301 [7.4K]
4 years ago
11

These expenditures were incurred by Oriole Company in purchasing land: cash price $60,700, assumed accrued taxes $5,260, attorne

y’s fees $2,170, real estate broker’s commission $3,310, and clearing and grading $4,610. What is the cost of the land? The cost of the land $enter the cost of the land in dollars
Business
1 answer:
yulyashka [42]4 years ago
6 0

Answer:

$76,050

Explanation:

Given that,

cash price = $60,700

assumed accrued taxes = $5,260

attorney’s fees = $2,170

real estate broker’s commission = $3,310

clearing and grading = $4,610

Cost of the land:

= cash price + assumed accrued taxes + attorney’s fees + real estate broker’s commission + clearing and grading

= $60,700 + $5,260 + $2,170 + $3,310 + $4,610

= $76,050

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Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expe
yulyashka [42]

Answer:

See bekow

Explanation:

Number of direct labor hours = 555,000 / 15 = 37,000

Overhead cost = $57,000 + $158,500 + $28,800 + $22,100

3 0
3 years ago
Tricia Grey is a salaried, exempt employee with Meganti Incorporated. She is single with one dependent and earns $28,600 per yea
KiRa [710]

Answer:

Earnings per year = $28,600 per year

So, Biweekly Pay = $28,600 *2/52 = $1,100

Summary

Gross Name = Tricia Grey

Martial Status = Single

No. Withholding = 1

Period Salary = $1,100

Regular Earnings = $1,100

Gross Earnings = $1,100

6 0
3 years ago
Making sure all channels work together when a company sells through additional channels beyond the web is: A) brand engagement.
elena-14-01-66 [18.8K]

Answer:

The correct answer is c. channel integration.

Explanation:

Producers and intermediaries act together to obtain mutual benefits. Sometimes the channels are organized through agreements; There are others that are organized and controlled on the initiative of a single director that can be an agent, a manufacturer, a wholesaler or a retailer. This director can establish policies for it and coordinate the creation of the marketing mix.

The links of a channel can be combined horizontally and vertically under the administration of a channel leader. The combination can stabilize supplies, reduce costs and increase coordination of channel members.

Vertical integration of the channels: Two or more stages of the channel are combined under one direction. This results in the purchase of the operations of a channel link or the performance of the operations of this link to carry out the functions.

This integration includes the control of all functions from manufacturing to the final consumer.

Horizontal integration of the channels: It consists of combining institutions at the same level of operations under a single administration. An example will be department stores. This integration provides significant savings in advertising specialists, market research, purchases, etc. And it can be carried out by an organization by merging with other organizations or by increasing the number of units

7 0
3 years ago
Help help help help
Anna35 [415]

Based on the different types of compensation and their determination, the following are true:

  • Wages - Paid by the Hour - Sarah's direct deposit.
  • Commission -  A percentage of sales - Lucinda's percentage.
  • Salary - Calculated weekly or monthly - Frank's overtime pay.  
  • Bonuses - For performance - Janet's Low Sales.
  • Profit sharing - Based on Co. earnings - Robert's year end reward.

<h3>Types of compensation </h3>

Wages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.

Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.

Find out more on compensation types at brainly.com/question/6480493.

3 0
2 years ago
Over the course of 2018​, the first year of​ operations, Medical ​Supplies, Inc. had the following income​ transactions: Sales R
LekaFEV [45]

Answer:

Ending RE at year-end:  494,000

Explanation:

As this is the first-year of operation there is no beginning Retained Earnings.

Sales Revenue of         4,340,000

Cost of Goods Sold     (1,936,000)

Wage Expense               (876,000)

Insurance Expense        (324,000)​

Administrative Expense (414,000​)

Utilities Expense            (192,000​)

Selling Expense         <u>     (42,000)  </u>

         Net Income          556,000

Dividends paid:               (62,000)

Ending RE                       494,000

4 0
3 years ago
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