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Elanso [62]
3 years ago
9

The cost of using/borrowing money is reflected in the

Business
1 answer:
spayn [35]3 years ago
8 0
Interest rate? Repayment amounts? Length of time of loan? Smile on the face of the money lender? Might there be a little more to this quesition?
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You are choosing between two goods, X and Y, and your marginal utility from each is as shown in the table above. If your income
oksano4ka [1.4K]

Answer:

X= 2 units

Y= 5 units

Explanation:

6 0
3 years ago
The requirements for a physical change to be considered the consequence of aging are: the decline is universal, intrinsic, progr
Ray Of Light [21]
The answer is <span>the decline is universal, intrinsic, progressive, irreversible and deleterious

Universal because it happens to all people.
Intrinsic it is called senescence way that happens in aging.
Irreversible and progressive it goes day by day.
Deleterious, getting old means being more prone to sickness and poor health.</span>
4 0
3 years ago
McCoy’s Fish House purchases a tract of land and an existing building for $910,000. The company plans to remove the old building
Nina [5.8K]

Answer: $972,900

Explanation:

The cost of land consists of the actual purchase price, and all other expenses that are necessary to make the asset ready for its intended use. In terms of land, all these expenditures can include title fees, unpaid taxes from previous years only (i.e. not current taxes), and other expenses need to physically prepare the land for use. The current taxes figure of $4,600 is not included here, as it is only owed during the current year, therefore normal accounting rules for taxes will apply. This figure will thus be treated as a liability until it is paid. The back taxes were aqcuired when the asset was aqcuired, and thus form part of the cost.

Old buildings that were on the land, may need to be teared down so that land can be utilised. The costs used to demolish the building also forms part of the purchase price. On top of that, to fully prepare the land for use the land may need to be landscaped and leveled. All these costs contribute towards getting the land ready for use, and are thus included in the cost. Sales made on any item related to the land, during the process when the land was still being processed for its intended use, will reduce the cost of the asset, and deduct this figure. This figure will fall under sales, which is an income to the business. The full calculation of the cost is as follows:

Purchase price: $910,000

Title insurance: + $2,400

Unpaid property taxes: + $8,300

Cost of removing building: + $45,900

Sale of salvaged materials: - $4,000

Level the land: + $10,300

Cost of land: = $972,900

3 0
4 years ago
If a bank is offering a higher interest rate of return to investors, the MOST LIKELY impact on borrowers from the same bank is
umka21 [38]
The answer is D. An increased interest rate.
The bank will increase the interest rates on loans to get a return on their expenses.
5 0
3 years ago
Tiptoe shoes had annual revenues of $201,000, expenses of $111,700, and dividends of $24,400 during the current year. the retain
Andreyy89

Entry to close the income summary account at the end of the year:


At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:


Net income =  Revenue – Expenses  = 201,000-111,700 = $89,300


Hence the entry to close the income summary account at the end of the year shall be as follows;


Income Summary Debit  $89,300

Retained earnings Credit $89,300





4 0
3 years ago
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