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
Vladimir79 [104]
3 years ago
12

Sheffield Realty Corporation purchased a tract of unimproved land for $115,500. This land was improved and subdivided into build

ing lots at an additional cost of $72,366. These building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows.
Group No. of Lots Price per Lot
1 9 $6,300
2 15 8,400
3 17 5,040
Operating expenses for the year allocated to this project total $38,220. Lots unsold at the year-end were as follows.
Group 1 4 lots
Group 2 6 lots
Group 3 1 lots
Required :
1. At the end of the fiscal year Sheffield Realty Corporation instructs you to arrive at the net income realized on this operation to date.
Net income $ _________.
Business
1 answer:
monitta3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
You might be interested in
The Sarbanes Oxley Act (SOX) internal control standards apply only to companies listed on U.S. exchanges. True or false?
Vera_Pavlovna [14]

Answer:

True

Explanation:

The Sarbanes Oxley Act (SOX) is a federal law in the United States that applies to listed or public companies i.e. companies whose shares are traded freely on the stock exchange. The law, which was established in 2002 following several corporate scandals, put in place comprehensive financial and auditing regulations for listed companies.  

4 0
3 years ago
Which of the following will not result in the termination and liquidation of a partnership? 1) Partners are incompatible and cho
dedylja [7]

Answer: Retirement of a partner

Explanation:

A partnership is a formal arrangement which is made by two or more parties to operate and manage a business and share its profits. In partnership, two or more people share ownership, and are responsible for managing the company and also the income and losses generated by the business. The income gotten is then paid to the partners.

The reasons for termination of a partnership is incompatibility on the part of partners. When partners are not compatible, they may agree to stop operation. Also, too much losses in the business can lead to the termination of the partnership agreement and stopping the business. Since losses are much, there's no reason for continuation of the business as profit maximization goal can't be achieved.

The retirement of a partner doesn't mean the business should be terminated. The business can still go on even when a partner retires.

4 0
3 years ago
Laissez-faire is an economic: Multiple Choice precept because it is the logical conclusion of a model with widely held assumptio
Westkost [7]

Answer:

Option C (Precept............real world) is the right answer.

Explanation:

Laissez-faire economics seems to be a hypothesis that always constrains government interference.

  • It maintains that perhaps the financial sector was indeed particularly strong since all the current regime was doing was safeguard the freedom of persons.
  • Subsequently, free-market statisticians predicated on the premise of laissez-faire mostly as an approach to sustainable economic success, because while critics disparaged it for helping to promote unfairness.

The other actions taken are not connected to the circumstance in question. That would be the right response to the above.

3 0
3 years ago
Who is responsible for maintaining property records and issuing marriage licenses?
Irina-Kira [14]

Answer:

B. county clerk is the correct answer.

Explanation:

  • County clerk is responsible for maintaining property records and issuing marriage licenses.
  • A County Clerk responsible for maintaining records and filing birth certificates, notary bonds, death and marriage certificates of a country's population.
  • The County Clerk maintains documents of all regulatory body transactions, statutes and resolutions.
  • County Clerk Responsibilities is to scan the documents, helping with telephone queries, making election administration assignments, obtaining election data, creating and managing files, and preparing and filing different documents.

6 0
3 years ago
FREEE POINTSSS!! DELETING THIS ACC :))
Margarita [4]

Answer:

Thx for the pointsssss

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • Black owned and resided on the premises at 1803 North Monroe Street in the city of Lawn. He had purchased the house from Green i
    5·1 answer
  • The act of directing home seekers toward or away from particular areas either to maintain or to change the character of the neig
    10·1 answer
  • A company has a new concept for a lightweight electric scooter that can be easily folded and taken with you inside a building or
    8·2 answers
  • An immediate order to buy or sell common stock at the best price is a:
    11·1 answer
  • Refer to exhibit 4-5. if a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. t
    5·1 answer
  • What is the shelf life of an item placed in a peel package or wrapped in nonwoven wrapper
    11·1 answer
  • IBM expects to pay a dividend of $6 next year and expects these dividends to grow at 4% a year for the foreseeable future. The p
    9·1 answer
  • What nose ring? Should I use
    5·1 answer
  • The divisions of a corporation, working together, accomplished an ROI that is greater than they did when each division worked in
    11·1 answer
  • Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!