The SAT helps prepare for the ACT
Answer:
$651,300
Explanation:
Cost of an item of property, plant and equipment comprises of purchase price and any cost directly attributable to bringing the asset to the location and condition for operation as intended by management.
<u>Calculation of the cost of purchase of the land:</u>
Purchase price $ 620,000
Demolition of the old building $ 23,000
Land preparation and leveling $ 8,300
Cost of purchase of the land $651,300
Answer:
A. 29.6%
Explanation:
Return on Equity is the times of profit a owner can earn on the equity investment in the business. Higher ratio shows the business is more profitable.
As per given data
Net Income = $36,610
Average Equity = $123650
Return on Equity ( ROE ) = Net Income / Equity Investment
Return on Equity ( ROE ) = $36,610 / $123650
Return on Equity ( ROE ) = 0.296
Return on Equity ( ROE ) = 29.6%
I think the correct answer from the choices listed above is option D. Before government approves a merger, companies must prove that the merger would lower the number of competitors in the market. Hope this answers the question. Have a nice day.
Answer: Borrowers after 1970 had more debt due to lower paying jobs
Explanation:
After the second world war, the world underwent a period of economic growth especially in the United States. The government was spending massive amounts on the economy and companies were investing to take advantage of an economy with very high consumption.
This led to higher paying jobs for citizens who were able to borrow money knowing that they had the capacity to pay back.
This changed after 1970 because the jobs became less lucrative than before. People however kept borrowing even though they could not afford it as much leading to a general rise in consumer debt.
