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kakasveta [241]
3 years ago
12

Fullerton Waste Management purchased land and a warehouse for $720,000. In addition to the purchase price, Fullerton made the fo

llowing expenditures relate to the acquisition: broker’s commission, $42,000; title insurance, $9,000; miscellaneous closing costs, $12,000. The warehouse was immediately demolished at a cost of $30,000 in anticipation of the building of a new warehouse. Determine the amounts Fullerton should capitalize as the cost of the land and the building.
Business
1 answer:
g100num [7]3 years ago
8 0

Answer:$813,000

Explanation:

The cost of property plants and equipment in relation to IAS 16 includes the purchase price, related tax, transportation, professional fee, first insurance cost, and all other costs incurred to put the property in a position to be put into the desired use. The cost also includes all related miscellaneous cost.

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Assume the following: The standard labor rate per hour is $17.00. The standard labor-hours allowed per unit of finished goods is
andreyandreev [35.5K]

Answer: $17,000

Explanation:

Labour efficiency variance = Standard rate * (Standard hours - Actual hours )

Standard hours:

= Standard labor-hours allowed per unit * Number of units produced in period

= 3 * 15,000

= 45,000 hours

Labor efficiency variance = 17 * (45,000 - 44,000)

= $17,000 Favorable

<em>Favorable because the standard amount is higher than the actual amount. </em>

6 0
3 years ago
___________ is the stage of new-product development that involves promoting a product to distributors, and developing advertisin
faust18 [17]

Answer: Commercialization

Explanation:

 The commercialization stage is the process in which the various types of new products and the services are developed in the market.

In the commercialization stage the new products are get launched and also promoted for increase the demand of the new products and services in the market.

The main key function of the commercialization stage is that achieve the various types of commercial success and also the customer support of the new products. It is mainly the process introduce the new products in the market.

7 0
3 years ago
A T-bill quote sheet has 60-day T-bill quotes with a 4.95 ask and a 4.89 bid. If the bill has a $10,000 face value, an investor
In-s [12.5K]

Answer:The correct answer is a). $9,918.50

Explanation: In selling, the investor will use the bid price of $4.89 alongside the face value of the bill.

That is to say, the face value * (1-(bid price * no. of days)/days in a year) = 10000 * (1-(0.0489*60)/360) = $9,918.50

3 0
3 years ago
Read 2 more answers
What are institutional advertisements designed to promote
N76 [4]

To better show and explain a image, idea, and or organization for a business.

It is basically to help build a postitive image for your business you are running or trying to create

Hope this helps

7 0
3 years ago
Using real GDP to compare the level of economic well-being in two countries may be misleading because the value of ______ contri
julsineya [31]

Answer:

The correct answer is letter "C": leisure.

Explanation:

In Business, leisure can be defined as the time people spend when they are not working or engaged in economic activities. With no doubt, the time people spend off work determines how they can perceive their well-being. Though, as the Gross Domestic Product (<em>GDP</em>) of a country is considered to measure people's well being but as the GDP does not include leisure, the GDP source might not be the most accurate for that purpose.

7 0
3 years ago
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