1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notsponge [240]
3 years ago
8

A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office bu

ilding: Purchase price of the land $ 570,000 Sale of salvaged parts already on land $ 23,000 Demolition of the old building $ 33,000 Ground-breaking ceremony (food and supplies) $ 2,100 Land preparation and leveling $ 7,300 What amount should be recorded for the purchase of the land
Business
1 answer:
Gwar [14]3 years ago
4 0

Answer:

$582,100

Explanation:

Cost of land                  $570,000

Less;Salvage parts sold ($23,000)

Demolition of old building   $33,000

Land preparation and leveling $2,100

Total cost of land                       $582,100

The ground breaking ceremony expenses are not capital expenditures therefore ignored in above working.

You might be interested in
In todayâs workplace, teams are a vital force, and the majority of business professionals must collaborate on the job. The trend
Sphinxa [80]

Answer:

c) response more quickly

Explanation:

Teamwork refers to working in collaboration towards attainment of a common goal. Teamwork leads to synergistic gains as the collective group work exceeds the work carried out individually.

Following points highlight the importance of team work in an organization:

  • Promotes problem solving skills: Working in a team helps individual develop problem solving skills.
  • Improved coordination and communication: Teamwork leads to better familiarity and thus improves coordination.
  • Increased efficiency and quicker responses: Teamwork leads to synergistic gains as collective effort exceeds individual effort and also expeditious performance.  
  • Promotes learning: One to many interactions among team members promotes learning
  • Builds a sense of belonging: Since all team members are united by one common goal, teamwork builds a sense of belonging w.r.t organization.
5 0
3 years ago
current challenges in operations management include all of the following​ except: part 2 a. rapid product development. b. lean o
Ghella [55]

Out of the choices provided above, it can be said that the current challenges in operations management include all of the following​ except increased communication cost. Therefore, the option C holds true.

<h3>What is the significance of communication costs?</h3>

Communication costs can be referred to or considered as the costs incurred by an organization to spread awareness and convey the message of achieving efficiency in the management, especially related to the operations of an organization.

Therefore, the option C holds true and states regarding the significance of communication costs.

Learn more about communication costs here:

brainly.com/question/2180772

#SPJ4

4 0
1 year ago
Which of the following is a challenge faced by developing nations? A. Growing population B. Declining population C. Lack of effo
DedPeter [7]
A growing population
7 0
3 years ago
Read 2 more answers
Ecosystem services ________. are required to rebalance natural systems that we have disturbed are economically valuable services
MAXImum [283]
Another answer to go along with the rest is (contribute to keeping ecosystems productive) I hope this helps 
4 0
3 years ago
Your client has said that he likes French Provincial furniture. What should you do
kogti [31]
A show him examples of french province and others.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose Toyota built a new automobile plant in Mexico using Japanese management practices, Canadian capital, and Mexican labour.
    13·1 answer
  • Gourmet Shop purchased cash registers on April 1 for $18,000. If this asset has an estimated useful life of five years, what is
    7·1 answer
  • Because advertising is often designed to add ________ value to a product or brand, it plays a more important communications role
    11·1 answer
  • Which of the following is a way to increase possession utility for a refrigerator?
    7·2 answers
  • Thornton Industries began construction of a warehouse on July 1, 2018. The project was completed on March 31, 2019. No new loans
    6·1 answer
  • Tanner-UNF Corporation acquired as a long-term investment $200 million of 6.0% bonds, dated July 1, on July 1, 2021. Company man
    6·1 answer
  • Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
    12·1 answer
  • Jeff, an employee at Citrus Inc., hears about a change in the company's leave policy from one of his coworkers and shares this i
    13·1 answer
  • Select the financial statement on which the user would most likely find the answer to the question given. (Select all that apply
    6·1 answer
  • Swifty Corporation financed the purchase of a machine by making payments of $20500 at the end of each of five years. The appropr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!