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ElenaW [278]
4 years ago
7

Emily purchased a building to store inventory for her business. The purchase price was $895,000. Emily also paid legal fees of $

450 to acquire the building. In March, Emily incurred $2,000 to repair minor leaks in the roof (from storm damage earlier in the month) and $5,300 to make the interior suitable for her finished goods. What is Emily’s cost basis in the new building?
Business
1 answer:
Ugo [173]4 years ago
3 0

Answer:

Emily’s cost basis in the new building is $900,750.

Explanation:

Cost basis in the new building

= Purchase price of building + legal fees + Cost of interior design

= $895,000 + $450 + $5,300

= $900,750

Therefore, Emily’s cost basis in the new building is $900,750.

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Answer:

D

Explanation:

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4 years ago
Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for
TEA [102]

Answer:

fall

rise

frictional

b. Improving a widely used job-search website so that it matches workers to job vacancies more effectively

Explanation:

A fall in the price of steel would reduce the profitability of producing steel for steel producing companies. Hence, the supply of steel would fall. as a result, less labour would be needed, so the demand for labour would fall.

A fall in the price of steel would reduce the cost of producing cars and thus increase the production of cars. as a result, more labour would be employed to make cars.

Frictional unemployment is when labour is unemployed between the time he leaves his current employment and time he finds another. by improving on the job search website, workers would be matched faster with available jobs, this frictional unemployment would decrease.

7 0
3 years ago
What is the name given to the difference between the minimum and maximum values for a data set?
Setler [38]
The difference is called the range
4 0
3 years ago
What other pervasive institutional consideration may influence pay inequality
Anettt [7]

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4 0
2 years ago
ChowMein Company is the exclusive Montana distributor of lawn mowers for a small manufacturing company. It sells only one model
frozen [14]

Answer:

ChowMein Company

a. Monthly break-even point in sales dollars = Fixed Costs/Contribution margin

= $2,000/50%

= $4,000

b. Monthly break-even point in units = Fixed Costs/Contribution per unit

= $2,000/$300

= 6.67 or simply 7 units

c. Monthly income for April:

Sales ($600 * 15) = $9,000

Variable cost ($300 * 15) = $4,500

Contribution =   $4,500

Fixed Costs = $2,000

Income = $2,500

d. Monthly income for May:

Sales ($600 * 20) = $12,000

Variable cost ($300 * 20) = $6,000

Contribution =   $6,000

Fixed Costs = $2,000

Income = $4,000

e. Margin of Safety for April:

Sales in April minus Break-even Sales

= $9,000 - $4,000

= $5,000

Explanation:

Data and Calculations:

Unit selling price = $600

Unit variable costs = $300 ($250 + 50)

Unit Contribution = $300

Contribution margin = 50% ($300/$600 * 100)

Fixed Costs = $2,000

April sales = 15

May sales = 20

4 0
3 years ago
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