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Llana [10]
3 years ago
15

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 194,000 R

eal estate commissions 16,900 Legal fees 2,700 Expenses of clearing the land 3,900 Expenses to remove old building 2,900 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
Business
1 answer:
Alinara [238K]3 years ago
7 0

Answer:

Cost of land = $220,400

Cost of building = $0

Explanation:

The computation of the land and the cost of the new building is shown below:

Cost of land = Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building

= $194,000 + $16,900 + $2,700 + $3,900 + $2,900

= $220,400

The cost of the new building would be zero as all the costs are allocated to the cost of the land. So, no cost is allocated to the cost of the new building

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Why might a company choose an open office layout?
anyanavicka [17]

A company might want to go for an open office layout because they want to foster creativity and collaboration

See the explanation bellow

<h3>The reason companies choose an open office layout</h3>

Although this type of layout has its own disadvantages one especailly is dealing with a noisy work floor, however, its has proven to be more advantageous in that it promotes collaboration and good work culture among staffs and co-workers.

In recent times, the agile method of product delivery suggests the open work floor as against the cubicle type of office space because it works best in a fast pace working environment.

Learn more about open office layout here:

brainly.com/question/2619283

#SPJ1

5 0
2 years ago
Which country is a good example of a high present rate of investment and a low present rate of consumer goods consumption?
anzhelika [568]

Answer:

<u>India.</u>

Explanation:

India is a country with an emerging economy that attracts a lot of investment due to its significant annual economic growth, government incentives, low taxes and little red tape.

The country stands out as the most populous democracy in the world, and despite having a global mentality for business and high investment rates, the second largest population in the world presents serious social problems, such as the caste system, which prevents Indians from having a better quality of life. There is also corruption, social inequality, religious and border disputes. All of these factors contribute to the fact that despite high investments and growth, India is a country marked by social inequality and extreme poverty for a large part of the population, which configures little access to consumer goods for most Indians.

5 0
3 years ago
Shawn starts a business called valuecentral.com, the concept takes off, and the company has an ipo and goes public. the company
tensa zangetsu [6.8K]
In such a case Shawn's company cannot and should not give out a dividend.

Since the company has just raised money, is growing and profitable and it is becoming hard to keep up with demand, this is the best time for the company to reinvest its profits to:

1. Hire more people/Buy more product

2. Improve processes

3. Use the profits to invest in R&D

4. Use the profits to invest in marketing and promotion

5. Invest in providing better customer service

So no dividend should be given since it can hamper the growth of a young company. The money should be used to grow the company for now and in the future all shareholders can enjoy good dividends.




8 0
3 years ago
The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collec
const2013 [10]

Answer:

25 containers

Explanation:

The computation of the number of kanban containers required is shown below:

= (Lead time demand + Safety stock) ÷ Container size

where,

Lead time demand is

= 2,000 units × 4 days

= 8,000 units

Container size = 400 units

Safety Stock is

= 1 day × 2,000 units

= 2,000 units

So, the number of kanban containers required is

= (8,000 units + 2,000 units) ÷ (400 units)

= 25 containers

We simply applied the above formula

6 0
3 years ago
The board of directors declared cash dividends totaling $585,000 during the current year. The comparative balance sheet indicate
Lelechka [254]

Answer:

$606,375

Explanation:

The computation of the amount of cash payments to stockholders is shown below:

= Beginning dividend payable  + cash dividend declared - ending dividend payable

= $167,625 + $585,000 - $146,250

= $606,375

We simply added the dividend declared amount and deducted the ending dividend payable to the beginning dividend payable so that the accurate amount can come.

5 0
3 years ago
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