Answer:
$60,500
Explanation:
The cost of the land to be recorded consist of the cost of the land itself and other associated cost with the purchase.
The amount realized as income in the process is deducted from the cost.
Cost of land
= $50,000 + $5,000 + $4,000 + $2,000 - $500
= $60,500
Answer:
The balance in stockholders' equity at the end of year 2 is $31,000
Explanation:
For computing the balance in stockholder equity at the end of year 2, first, we have to compute the balance for year 1 which is shown below:
Year 1 equity balance = Issue of stock + Net income
= $20,000 + $5,000
= $25,000
Now, year 2 balance would equal to
= Year 1 balance + Net income - Dividend paid
= $25,000 + $10,000 - $4,000
= $31,000
Hence, the balance in stockholders' equity at the end of year 2 is $31,000
Answer:
Cashier's check.
Explanation:
These checks are said to be quaranteed and issued in the bank by the banking institute. It contains the name of the receiver receipiant which has been inscribed in the check by the banking institute or credit union attached to the receiver also with the amount of money written on it. This amount written on it is known to be the withdrawable amount.
The cashier's check can be sent out in form of a letter, fax or even a mail to the intended persons or organisation making the withdrawal.
Here, monies which are been orders are easily secured by use of a cashier’s checks.
Answer:
Please find the detailed answer as follows:
Explanation:
International trade provides many benefits:
1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.
2.differentiated products.
When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.
3.Specialisation in production
Countries specialise in the goods in which they have a comparative advantage.
Answer:
Employees need to know what is expected of them; having clear expectations helps employees do their job well. A good manager will convey his expectations and make sure employees understand them. He also will make himself available to employees, so they can have the opportunity to clarify any confusion they may have.
