Answer:
d. The cost of land and building is $295,000 and $1,375,000 respectively
Explanation:
Cost of land = Purchase price + Price for demolishing old building + Legal fee on purchase contract & investigation - Salvage value of demolished material
Cost of land = $280,000 + $20,000 + $5,000 - $10,000
Cost of land = $305,000−$10,000
Cost of land = $295,000
Cost of building = Construction cost + Architect′
s fee
= $1,340,000 + $35,000
= $1,375,000
Answer:
C
Explanation:
Now, you can get anything from anywhere.
Hope this helps!
Answer:
Explanation:
Rate = 7% / 12 = 0.5833%
(monthly)
Savings goal, FV = $750,000
Number of periods = 30 * 12 = 360
Future value = Monthly payments * [(1 + r)^n - 1] / r
750,000 = Monthly payments * [(1 + 0.005833)^360 - 1] / 0.005833
750,000 = Monthly payments * 1,219.874713
Monthly payments = $614.82
Answer:
Wang wants to purchase a new computer from Best Buy. After he purchases the computer, the local Best Buy store notifies the buyer at corporate headquarters through the
Explanation:
Answer:
the Cash outflows for rent in Year 2 is $253,000
Explanation:
The computation of the Cash outflows for rent in Year 2 is shown below:
Prepaid rent at year 2 $88,000
Add: rent expense $244,000
Less: prepaid rent in year 1 -$79,000
Cash outflows for rent in year 2 $253,000
Hence, the Cash outflows for rent in Year 2 is $253,000