Answer:
Land $434,696
Land improvements $108,609
Building $1,720,600
To Cash $2,263,905
(Being the amount paid in cash is recorded)
Explanation:
The journal entry is shown below:
Land $434,696
Land improvements $108,609
Building $1,720,600
To Cash $2,263,905
(Being the amount paid in cash is recorded)
The land, land improvements and the building increases the assets so it is debited while the cash is credited as the cash is paid
The computation of the land is shown below:
= Purchase price of the land + purchase price for the old building + paid amount for tear down the old building + cost to fill and level the lot
= $224,000 + $119,000 + $37,000 + $54,696
= $434,696
Being free of germs.
Definition:Relating to the conditions that affect hygiene and health, especially the supply of sewage facilities and clean drinking water.
Answer: HI there I think that I can help you!!!
6.14%
Explanation: Here is how I did it :)
The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:
The effective rate of return that you will earn from this investment is 6.14%.
*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.
I believe the answer is: product mix
Product mix refers to the total variety of product that offered by a certain company which collectively become one big pool of income.
The creation of product mix is aimed to reach the market segmentation that hasn't been reached by the previous product.
