Answer:
$15,000
Explanation:
In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them
There are advantages to a movie studio operating in southern California
due to cheap labor and land and numerous scenery.
California is a state in which movie producers prefer operating in as a result
of cheap labor and land which helps to cut the cost needed for producing a
movie.
California also has a lot of scenery such as rivers, mountains etc which
makes the movies more appealing and is also where Hollywood is located
which is where most movie production and promotion takes place.
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Answer:
a. $1(1 + .05)^16
Explanation:
The discounting of an amount today at an interest rate for a specific period of time is given by
A = P(1 + r)^n
where
A = Future amount
P = present amount
r = rate in percent
n = time
Therefore, the future value of $1 put into an account that earns 5 percent interest for 16 years
= $1(1 + 0.05)^16
As P = $1, r = 5% and n = 16. Option a.