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scoundrel [369]
3 years ago
15

Emily purchased a building to store inventory for her business. The purchase price was $760,000. Emily also paid legal fees of $

300 to acquire the building.
In March, Emily incurred $2,000 to repair minor leaks in the roof (from storm damage earlier in the month) and $5,000 to make the interior suitable for her finished goods.

What is Emily’s cost basis in the new building?

Business
1 answer:
lisov135 [29]3 years ago
5 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Based on this module's readings and your own independent research, develop a listing of what you believe are the most important
steposvetlana [31]

Answer:

The definition becomes defined in the clarification section below, as per the particular circumstance.

Explanation:

<u>Meeting customer expectation</u>:

  • This metric of success would reflect just how much the clients are represented. It will represent the quality of the service of the business and will provide them with crucial input. This metric would help the organization address the trouble areas. If the degree of customer loyalty rises, sales will also rise because more and more clients enjoy the company’s products or services.
  • This would also show the pattern of clients as well during the company's measures to handle the issue.

<u>Productivity</u>:

  • This is a significant parameter that indicates how much is expended on activities and whether the business gets in exchange. It extends from financial return with the introduction of new goods from marketing and distribution activities to return on invested capital. Productivity is closely linked to organizational financial efficiency.
  • When productivity rises, profits rise as well. In terms of their historical and present performance, data analytics can help to decide how and why the multiple fields work.

<u>Cash flow</u>:

  • It explains how well the cash flows within and without the organization. If the business later collects reimbursement from consumers but earlier pays its vendors, then it suggests significant operating inefficiency.
  • These efficiencies should be worked out by the organization to minimize operational expenses and preserve favorable cash flow to boost the company's financial well-being.
6 0
3 years ago
In 2020, Ada lived with her son, Robert, and his wife, Barbara. Ada’s only source of income was a $1,500 fully taxable pension,
Harrizon [31]

Answer:

$5,300

Explanation:

Calculation to determine Ada’s total support for the year

Medical and drug expenses $600

Add Lodging $1,200

Add household total food expense $2,000

($6,000/3 Ada+Robert+Barbara)

Add Source of income $1,500

Total support $5,300

($600+$1,200+$2,000+$1,500)

Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300

3 0
3 years ago
11. Nadine is retiring at age 62 and expects to live to age 85. On the day she retires, she has $402,000 in her retirement savin
Svet_ta [14]

Answer:

E. $2,688.77

Explanation:

We need to calculate the PMT of an ordinary annuity at 6%

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 402,000

time:

85 years - 62 years = 23 years of retirement

23 years  x   12 months per year = 276 months

rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005

402000 \div \frac{1-(1+0.005)^{-276} }{0.005} = C\\

C  $ 2,688.766

<em>She can withdraw 2,688.76 per month</em>

7 0
3 years ago
The trend in the poverty rate since the mid 1960's___________.
enyata [817]

Answer:

Letter B

Explanation:

It is worth noting that, although poverty rates have decreased, there has been no drastic decrease as mentioned in option A and option B fits the answer better. Whereas, the official poverty rate in the USA according to data from the Census Bureau, has decreased in the last half-century, from 22.1% in 1960 to 14.5% in 2013, which means the lowest rate since the 1960s.

6 0
3 years ago
Gordon’s Smoothie Stand makes three types of smoothies: blueberry lemon, orange swirl, and triple berry. Before all flavors ar
Nitella [24]

Answer:

Let Blueberry lemon smoothies A

Let Orange swirl smoothies = B C

Let Triple berry smoothies = C

                                             Gordon’s Smoothie Stand      

Allocation of joint costs      

                                                                               A         B          C       Total

Number of cups produced A                            21.75   29.00   36.25  

Weight B                                                             2.00     1.00      2.00  

Weighted Number of cups produced C=A*B  43.50   29.00   72.50 145.00

Cost per batch D                                                                                     43.00

Cost/Weighted Number of cups produced E=D/C                                0.30

Cost allocated to each product F=C*E             12.90    8.60    21.50   43.00

5 0
3 years ago
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