Answer: $962000
Explanation:
From the information given, the amount
that McCoy’s Fish House should record as the cost of the land will be:
Purchase price = $900,000
Add: Title insurance = $2000
Add: Back property tax = $8000
Add: Cost incurred to remove building = $45000
Add: Cost incurred to level the land = $10000
Less: Savage value of materials = $3000
Cost of land = $962000
Therefore, the cost of land is $962000
A bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.
<h3>What is a bond?</h3>
It should be noted that bonds are securities that can be readily bought and sold.
In this case, a bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.
Learn more about bonds on:
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Answer:
$444.42
Explanation:
For computing the saving amount, first need to calculate the economic order quantity, total cost etc
The economic order quantity is
where,
Annual demand is
= 774 packaging crates × 12 months
= 9,932 crates
And, the carrying cost is
= $12 × 34%
= $4.08
= 363.37 crates
Now the total cost is
= Annual ordering cost + Annual carrying cost
= Annual demand ÷ Economic order quantity × ordering cost per order + Economic order quantity ÷ 2 × carrying cost per unit
= 9,288 ÷ 363 × $29 + 363 ÷ 2 × $4.08
= $742.02 + $740.52
= $1,482.54
Now the total cost in case of 774 packing crates is
= Annual ordering cost + Annual carrying cost
= Annual demand ÷ Economic order quantity × ordering cost per order + Economic order quantity ÷ 2 × carrying cost per unit
= 9,288 ÷ 774 × $29 + 774 ÷ 2 × $4.08
= $348 + $1,578.96
= $1,926.96
So, the annual saving cost is
= $1,926.96 - $1,482.54
= $444.42
Answer:
the number of equivalent units for the production is 13,500 units
Explanation:
The computation of the number of equivalent units for the production is shown below:
Units completed and transferred is 10,000 units
Add Ending work in the process [7,000 × 0.50] 3,500 units
Total equivalent units 13,500 units
Hence, the number of equivalent units for the production is 13,500 units
The same is relevant
Answer:
This patient could possible have <em>Tinea Pedis</em>
Explanation:
Tinea Pedis is a contagious fungal infection caused by dermatophyte fungus such as "Epidermophyton Floccosum". This type of infection is more common in places with tropical weather. It mostly affects young males, but it can also affect females and children.
