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Rasek [7]
4 years ago
6

Mason Company purchases a piece of land for $200,000. Mason Company paid $4,000 in brokerage commissions, $12,000 to clear and r

emove an unwanted building, $4,000 for building permits to construct a new building, $600,000 to construct a new building, and $2,000 in delinquent property taxes.
What is the amount to be capitalized (debited) to the Land account from this purchase?
Business
1 answer:
baherus [9]4 years ago
4 0

Answer:

$218,000

Explanation:

The cost of the land includes the purchase price + brokerage commissions + clearing and removing expenses + related taxes:

$200,000 + $4,000 + $12,000 + $2,000 = $218,000

Building permits plus the actual cost of the building must be recorded under a separate asset account (buildings) since they can be depreciated, while land cost cannot.

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Give examples of factors or criteria often used to determine higher wages for a particular job.
boyakko [2]
I'll just attach my answer. The system seems to think that my answer contained swear words.
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7 0
4 years ago
BBQ Corporation has a target capital structure that is 70 percent equity, 30 percent debt. The flotation costs for equity issues
andrey2020 [161]

Answer:

$172,215,844 is the cost when flotation costs are considered

Explanation:

<em>flotation</em>

Weighted average flotation cost = {(Flotation cost debt * Weight debt) + (Flotation cost equity * Weight equity)

= (8% * 0.30) + (15%  * 0.70)

=0.024 + 0.105

= 0.129

= 12.9%

Calculation of the cost of funds

Cost of funds = Amount raised / (1 - Weighted average floatation cost)

= $150,000,000 / (1-0.129)

= $150,000,000 / (0.871)

=$172,215,844

Therefore, the cost of raising fund is $172,215,844

7 0
4 years ago
Lowering the unemployment rate affects a country by:
blondinia [14]

Answer:The answer is a

Explanation: did the assignment

7 0
2 years ago
Read 2 more answers
Gabriella, a manager, hires the first person she interviews because she believes that person can do the job adequately. Gabriell
bixtya [17]

Gabriella, a manager, hires the first person she interviews because she believes that person can do the job adequately. He is solving the problem.

<h3>What is problem-solving?</h3>

It is the process of identifying a problem, finding and selecting possible solutions to the problem.  An alternative solution can also be used.

The process of identifying the best fit for a job provides the solution to shortage or lack of the best fit staff.

Therefore, Gabriella is solving the problem by hiring the first person she interviews because she believes that person can do the job adequately.

For more details on problem-solving kindly check brainly.com/question/10708306

8 0
3 years ago
Delivery Service purchased a commercial umbrella policy with a $10 million liability limit and a $100,000 self-insured retention
Margaret [11]

Answer:

Business umbrella approach gives inclusion to the firm against those misfortunes that may bankrupt the firm. The arrangement covers a definitive misfortune in abundance of held breaking point happens because of real injury, property harm, promoting and individual injury. A definitive misfortune is the lawful risk to which back up plan is committed to pay. As far as possible is the accessible furthest reaches of the fundamental protection. According to the umbrella arrangement, the protected needs to keep up some base measure of obligation before the case is paid by the umbrella strategy. In the event that the guaranteed is secured under some other strategy, at that point first that sum is paid and remaining sum is paid by umbrella approach in the wake of fulfilling oneself safeguarded maintenance.  

The complete loss to the organization is $5 million, at that point $1 million will be paid by general obligation strategy and $1 million will be paid by business auto approach. Out of the remaining $3 million, self-safeguarded limit is $100,000 which demonstrates that $2.9 million ($3 million less 5100,000) will be paid by umbrella arrangement.

3 0
3 years ago
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