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dezoksy [38]
3 years ago
9

Shamrock, Inc. purchases land for $490000 cash. The clinic assumes $5300 in property taxes due on the land. The title and attorn

ey fees totaled $2600. The clinic had the land graded for $6400. What amount does Shamrock, Inc. record as the cost for the land?a. $426,600. b. $420,000. c. $434,100. d. $427,500.
Business
1 answer:
Leviafan [203]3 years ago
3 0

Answer:

$504,300

Explanation:

The total cost of the land that Shamrock Inc. purchased has to include:

  • the actual price paid for the land: $490,000
  • legal fees and real estate commissions: $2,600
  • taxes due and permits, zoning fees, etc: $5,300
  • site preparation (includes land grading): $6,400

The total cost of the land is: $504,300

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The additional dining space will occupy space next to Olaf’s that was recently rented to a tenant. By claiming the space for the
Illusion [34]

Answer:

$12,146

Explanation:

The computation of present value of this opportunity cost is shown below:-

Net After tax Operating Profit Per month = Rent space per month × Profit margin on the renting the space percentage

= $1,000 × 30%

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Total months = 4 × 12

= 48 Months

Interest Rate Per month = 9% ÷ 12

= 0.75%

As per the question the Rent is Received at the start of the month

So Present Value of this opportunity cost = $300 (1 + PVAF (0.75%,47))

= $300 × ( 1 + 39.486)

= $12,145.85

= $12,146

3 0
3 years ago
"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2
BaLLatris [955]

Answer:

2.09

Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

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7 0
3 years ago
Name the 6 Holland Codes:
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Answer:

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Explanation:

Because I am smart^-^

6 0
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xeze [42]

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<h3>What is Small Business Association?</h3>

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SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc

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Therefore, the Option A is correct.

Read more about Small Business Association

<em>brainly.com/question/2072884</em>

6 0
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The part of the balance of payments account that lists all long-term flows of payments is called the: A. financial and capital a
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