Answer:
The cost of the land should be recorded as $108,350
Explanation:
Land cost = $112,000
Demolition dilapidated building = $2,200
Legal fees - title search = $1,450
Cost of land = Land cost - Demolition dilapidated building - Legal fees - title search
Cost of land = $112,000 - $2,200 - $1,450
Cost of land = $108,350
D. For savers in low income tax brackets than for savers in high income tax brackets.
Answer:
Unit value would be $24
Explanation:
Lower of cost is the method which is described as where the inventory that should be recorded at the lowest or the net realizable value (NRV). This method is linked with the principle or the guideline of conservatism.
When Ross is applying the method of lower of cost or net realizable value, to the ending inventory, the unit value would the cost per unit that is $24 and the selling price which is to be taken is $9 as it is the lowest.
"1) Enroll in a college that offers the Bachelor of Social Work degree (BSW) that you can complete as an undergraduate (i.e, usually within four years). Not all colleges have a BSW major. However, most will offer a related field like sociology or psychology." - Google
Technically, A bachelor Degree of Social Work and a degree related to Sociology or psychology.
Hope this helped :)
Answer:
$29,185.98
Explanation:
Compounding and discounting are the methods used to determine the relationship between present and future value.
Compounding is the method used to determine the future worth of an amount today while discounting is the method used to determine the present value of a future amount.
Both are related by
Fv = Pv(1 + r)^n
where Fv = future amount
Pv = present value
r = rate
n = time
Therefore,
35000 = Pv(1 +0.037)^5
Pv = 35000(1 +0.037)^-5
Pv = $29,185.98
You would have to deposit $29,185.98 to be able to make the down payment of $35,000 on a house in 2 years
