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3 years ago

Most people buy a house with cash. True False

2 answers:

8 0

Most people take out a loan from the bank.
Plus, a house can be very costly, and all that cash would be annoying to carry.

False.

Mnenie [13.5K]3 years ago

6 0

The answer would be False

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On March 1, 2015, Landon Company acquired real estate on which it planned to construct a small office building. The company paid

Murljashka [212]

Answer:

The amount to be reported as the cost of the land is $101,000

Explanation:

Given information

Paid cash - $90,000

Cost of property $7,600

Salvaged materials - $1,700

Attorney's fee for work concerning the land purchase - $1,100

Real estate broker's fee - $4,000

Architect's fee - $7,800

Put in driveways and a parking lot - $14,000

For computing the amount of the cost of the land, the Architect's fee and Put in driveways and a parking lot is not considered as it is not related to the land expenses. The computation is shown below

= Cash amount + Cost of property - Salvaged materials + Attorney's fee + Real estate broker's fee

= $90,000 + $7,600 - $1,700 + $1,100 + $4,000

= $101,000

Thus, the amount to be reported as the cost of the land is $101,000

4 0

3 years ago

Buying food to feed your family, a lawn mower to care for your lawn, or a car to drive yourself to work are purchases with what

Nata [24]

Answer:

Rational Motive

Explanation:

A rational motive is the willingness to make an action based on logical and rational criteria

4 0

3 years ago

Employees whose values match the values of the organization they work for generally ________________ than employees whose values

Sholpan [36]

Answer:

Employees whose values match the values of the organization they work for generally SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

Explanation:

Workplace values are the guiding principles that are most integral to the way a company works. Simply put, company's values, and the culture they create can spell the difference between success and failure.

The way people behave is deeply rooted in their values, when employees share their company's values, they make more informed decisions and are more committed to their jobs.

Sharing same values with the organization one works with increases the rate of productivity as one tends to be more motivated and dedicated to the job.

Therefore, the answer that best suits the question is that employees whose values match the values of the organization SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

6 0

3 years ago

Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will

-BARSIC- [3]

Answer:

$24.86

Explanation:

The estimated stock of Zephyrl is $50

This is for a period of 5 years

The rate of return is 15%

Therefore the price that will be paid for this stock can be calculated as foloes

50= x (15/100^5)

50= x (0.15+1^5)

50= x (1.15^5)

50= 2.0113x

Divide both sides by the coefficient of x

= 50/2.0113

= 24.86

Hence the price that will be paid for the stock is $24.86

3 0

3 years ago

LO 7.1Which of the following is a finance budget?

sweet [91]

Answer:

cash budget

Explanation:

A financial budget within budgeting refers to the long-period and short-period planning of the company's revenue and expenditure. Exact cash flow forecasts help the company achieve the goals in the correct way.

A financial budget is indeed a potent tool for achieving any enterprise's lengthy-term goals. Relevantly, it also helps to keep the stakeholders as well as other institution members up-to-date on the company's ability to function.

Thus, from the above we can conclude that cash budget can be termed as finance budget.

4 0

3 years ago