Answer:
$550,000
Explanation:
The computation of the cost of the land is shown below:
= Cash paid + note payable amount + legal fees incurred + sales commission charged + surveying fees + appraisal fee
= $100,000 + $400,000 + $19,000 + $25,000 + $1,000 + $5,000
= $550,000
For computing the cost of the land we added all the cost given in the question as it is related to the land
The $5 per hour in 1974 would be equal to $21.82 today in 2017, compared to $19.83 for the $9 in 1994 now in 2017, and all compared to the $17 today. So the higest real wage would be that of the grandfather, taking into account the 41% per decade or 3.5% per year inflation.
Answer:
Option A. Level of experience of the founders
Explanation:
The reason is that the person that possesses the experience of managing the operations of the company can better manage the startup than the person who possesses knowledge of the business. This means that the finance doesn't matter, the social background of the person doesn't matter, the education doesn't matter because many illiterate people are running a good business. So the only skill these illiterate people possess is experience of managing the business. So the right answer is option A.
Answer:
Rights
Explanation:
According to Wikipedia, Rights are legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules about what is allowed of people or owed to people, according to some legal system, social convention, or ethical theory. So for the manager to emphasize the importance of making decisions consistent with fundamental liberties and privileges, he needs to focus his teaching of RIGHTS because it gives them insight.
Answer: The correct answer is "(A) Debit Accounts Receivable and credit Cash for $560".
Explanation: The non-existent 560 must be adjusted in the cash account, and the 560 receivable must be added to the third party that issued the check in the "accounts receivable" account.
The entry would be:
--------------------------------- . ------------------------------------------
Accounts Receivable 560
Cash 560
--------------------------------- . --------------------------------------------
