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Grace [21]
4 years ago
10

A company purchased land for $90,000 cash. real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an ol

d building on the land before construction of a new building could start. under the historical cost principle, the cost of land would be recorded at
Business
1 answer:
Fed [463]4 years ago
3 0

Based in the historical cost principle, the total cost of the land would be the summation of all cost, either direct or indirect.

Therefore it would be:

Cost of Land = $90,000 cash + $5,000 commission + $7,000 demolishing

Cost of Land = $102,000

 

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If an oil company wants to drill on public land, from whom would it secure the driling lease? a. comptroller of public accounts
podryga [215]

Answer:

b. commissioner of the General Land Office 

Explanation:

Commissioner of the General Land Office is in charge of public domain lands in the United States.

Comptroller of public accounts keeps account of the states funds and collects taxes.

Attorney general acts as legal advisor to the government.

I hope my answer helps you.

6 0
3 years ago
Read 2 more answers
The following information is provided for Company Z. Per Unit Total $ % Sales Revenue (1,500 Units) $25.00 $37,500 100% Variable
nikklg [1K]

The Breakeven point in Dollars is $25,000

Breakeven point in Dollars is computed as;

= Fixed cost / Contribution margin ratio

First, we need to compute the contribution margin ratio

= Contribution margin  / Revenues

= $22,500 / $37,500

= 0.6%

Then,

Breakeven point in Dollars

= Fixed cost / Contribution margin ratio

= $15,000 / 0.6%

= $25,000

Therefore, Company Z Breakeven Point in Dollars is $25,000

Lear more at : brainly.com/question/25694199

6 0
2 years ago
You’ve invested a lot in Moondogs -- now you need to find the right price to charge for your coffee. It has to be low enough to
stich3 [128]

Steps to figure out the right price of coffee would be :-

Explanation

1.Expenditure - Analyse the amount that has been uncured in the process of making the coffee. It should include all the raw material and other expenses such as services taken of people as well as assets purchased as well.

2. Profit Margin - A standard percentage of profit margin should be set which would be added in the expenditure of the coffee. This would give us the right price of the coffee per cup.

8 0
3 years ago
Jupiter explorers have $8,200 in sales. the profit margin is 5 percent. there are 5,200 shares of stock outstanding. the market
xxMikexx [17]
<span>Price per earnings ratio is calculated as Price of each share in the market/Earnings made on each share over the last 4 quarters. (P/E) P = $ 1.70 Earnings per share = Net income/Outstanding shares Net income = Revenue - Costs = profit margin =5%*8200= $410 Therefore Earning per share = 410/5200 = $0.078 P/E ratio = 1.7/0.078 = 21.5</span>
6 0
4 years ago
Neon Electronics Inc. sourced touch screens required for its tablet computers, cell phones, and televisions from a manufacturer
Nataly_w [17]

Answer:

C. backward vertical integration

Explanation:

Vertical integration is one in which the supply chain of a clothe producing company is owned by the

Backward integration is a type of vertical integration in which a firms starts to fill in the role it once designated to another in the manufacturing of its product. Backward vertical integration would see a company buying another to fulfill its needs as regarding production.

From the above question, it can be seen that due to the inability of the china firm to meet up with Neon Electronics Inc; it started to produce the touchscreens needed for the tablet computers.

Cheers.

3 0
4 years ago
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