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forsale [732]
3 years ago
6

Bramble Corp. purchased land as a factory site for $1350000. Bramble paid $124000 to tear down two buildings on the land. Salvag

e was sold for $8400. Legal fees of $5220 were paid for title investigation and making the purchase. Architect's fees were $46100. Title insurance cost $3700, and liability insurance during construction cost $4000. Excavation cost $15340. The contractor was paid $4500000. An assessment made by the city for pavement was $9500. Interest costs during construction were $252000. The cost of the land that should be recorded by Wilson Co. is?
Business
1 answer:
MA_775_DIABLO [31]3 years ago
5 0

Answer:

$1,484,020

Explanation:

Cost of Land :

= Purchase Value  + Cost Incurred to Tear  Down 2 Buildings - Salvage + Legal Fees + Title Insurance Cost + Assessment Cost

= $1,350,000 + $124,000 - $8,400 + $5,220 + $3,700 + $9,500

=  $1,484,020

Therefore, the cost of the land that should be recorded by Wilson Co. is $1,484,020.

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At December 31, 2022, the following information (in thousands) was available for Ayayai Inc.: ending inventory $22,000; beginnin
Anuta_ua [19.1K]

Answer:

Inventory turnover in days = 43.59 days

Inventory turnover (No of times)=  8.37 times

Explanation:

<em>Inventory turnover days is the average length of time it takes a business to sell its inventory before replacement.</em>

Inventory turnover in days

= Average inventory /Cost of goods sold × 365 days

<em>Average inventory = (Opening Inventory + closing inventory)/2</em>

<em>Average inventory </em>

= (21,000 + 22,000)/2

= 21,500

<em>Inventory turnover in days</em>

(21,500/180,600) × 365 days

=43.597 days

Inventory turnover (No of times )

= Cost of goods sold/Average inventory

=  180,600/21,500

= 8.37 times

4 0
3 years ago
How long would it take for the price level to double if inflation persisted at the following percentages?
Alekssandra [29.7K]

Answer:

inflation rate = 17.5 percent per year  ⇒ it will take 4 years to double

inflation rate =  35 percent per year  ⇒ it will take 2 years to double

inflation rate =  3.5 percent per year ⇒ it will take 20 years to double

Explanation:

we can use the rule of 70 to determine the amount of time it would take the general price level to double.

the rule of 70 is a simple way we can use to estimate the number of years it will take an investment to double given a certain growth rate.

70 / 17.5 =  4 years

70 / 35 =  2 years

70 /  3.5 = 20 years  

3 0
3 years ago
Helping employees find the harmony between the demands of their personal and professional lives is called ________.
motikmotik

Helping employees find the harmony between the demands of their personal and professional lives is called<u> Work-Life Balance</u>.

Employees face a variety of obstacles in the workplace today. While certain professions permit a more flexible separation of work and personal life, many others require substantial sacrifices in the area of leisure and family.

The United States is ranked 30th among nations with the best work-life balance by Statista. This is primarily due to the fact that many Americans often put in extra time at work.

Employers are becoming more conscious of the rising demands of their workers about a healthy work-life balance as a result.

Businesses are now thinking about how to create a work-life balance and putting in place specific strategies to encourage this. Making workers more productive is a goal, but so is making them happier and more balanced.

To learn more about Work-life Balance here

brainly.com/question/6842800

#SPJ4

8 0
10 months ago
Which of the following is an advantage of print publication as an advertising
gregori [183]

Answer

B is the best I think.

Explanation:

7 0
3 years ago
During its first year of operations, a company entered into the following transactions: Borrowed $20,000 from the bank by signin
Alenkinab [10]

Answer:

$62,400

Explanation:

Assets are Economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.

Assets include the following Amounts:

Cash from Bank Note              $20,000

Cash from Stock Issues           $40,000

Supplies Inventory                     $4,000

Payment for Supplies                ($1,600)

Total Available Assets             $62,400

5 0
3 years ago
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