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docker41 [41]
3 years ago
8

Alin Co. purchases a building for $300,000 and pays an additional $30,000 for closing costs (brokerage, title, attorney fees). A

lin also pays $20,000 in renovations, including painting, carpet, lighting, etc. Alin should record the cost of the building at:
Business
1 answer:
Yuri [45]3 years ago
3 0

Answer:

The answer is: $350,000

Explanation:

When Alin Co. establishes the total cost of the building it just purchased, it must include all of the following:

  • building's purchase value $300,000
  • associated closing costs $30,000
  • building improvements and renovations $20,000

So the total cost of the building is $300,000 + $30,000 + $20,000 = $350,000

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What is partnership.<br>List the advantages and disadvantages of partnership.​
oee [108]

Answer:

Disadvantages of a partnership include that: the liability of the partners for the debts of the business is unlimited. each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts.

Explanation:

7 0
3 years ago
Read 2 more answers
There are 800 consumers in an economy that each have the same utility function given by U(c, l) = 32√ c − (24 − l)2 where c is t
borishaifa [10]

Answer:

Explanation:b

8 0
3 years ago
Chantel works at Coca-Cola. To make the required sales number, Chantel sent more Coca-Cola products to their distributors than w
miv72 [106K]

Answer: Channel stuffing

       

Explanation: In simple words, channel stuffing refers to the deceitful business practice by the organisations in which it shows wrong picture of its sales and earnings by sending more products to the distribution channel which they are able to send.

In the given case, Chantel has been sending their distributors more units than they asked for with the objective of inflating the sales number in the records.

Hence from the above we can conclude that the correct option is C.

7 0
4 years ago
Find the price of a corporate bond maturing in 5 years that has a 5% coupon (annual payments), a $1,000 face value, and an AA ra
Ainat [17]

Answer:

$917.996

Explanation:

First, we calculate price:

Price = 5% * 1000 = $50.

At the fifth year, Price = $1000 + $50 = $1050

The price of the Corporate bond is given as:

50/(1+.07) + 50/(1+.07)² + 50/(1+.07)³ + 50/(1+.07)⁴ + 1050/(1+.07)^5

= 917.9960512810481

=$917.996 ---- Approximated

3 0
3 years ago
Read 2 more answers
Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger
kati45 [8]

Answer:

Diane may search the passenger compartment of the car and any place else in the car, including the trunk, without Tim's consent. ⇒ TRUE

Explanation:

The Fourth Amendment of the Constitution protects people against illegal searches, seizures and warrants, but there are exceptions to this amendment:

  1. consensual searches: if the person is OK with the police officer searching his/her belongings
  2. brief investigatory stops: when the police officer is suspicious about a crime being committed
  3. searches incident to a valid arrest: if the police officer is arresting someone, he/she is allowed to search him
  4. seizures of items in plain view: if property is in plain view, the police officer does not need a warrant. ⇒ this exception applies to this case.
4 0
4 years ago
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