Answer:
Cost of Land is $104,000, cost of building is $653,000. The total cost is $757,000
Explanation:
The cost of the building will include the purchase price of the land and building and every other cost incurred in the process of making the land and building available for use.
However, every amount realized from the process will also be deducted from the cost of the land and building. To separate the cost of land from the cost of the building, we must identify the cost attributable to each of them
As such, the recorded cost on land
= $100,000 + $4,000
= $104,000
and cost of building
= $10,000 + $20,000 + $625,000 - $2,000
= $653,000
<span>The effect is a decrease of $7235,640 in the company's retained earnings and cash balance, resulting in a decrease in assets and equity. Before the dividend is actually paid out, the balance sheet will show a debit to its retained earning account of $7,235,640 and a credit to the dividends payable account of $7235,640. After the dividends are paid, the dividend payable account is credited and the dividends payable account is debited in the same amount, and these accounts are no longer shown on the balance sheet.</span>
If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.
<h3>Present value of the land</h3>
Using this formula
Present value=Income/Rate per annum
Let plug in the formula
Present value=$10,000/0.05
Present value=$200,000
Therefore If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.
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Answer:
The net income will increase by $6,712 if the subcomponent is purchased.
Explanation:
Giving the following information:
Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:
Direct materials $8316
Direct labor 11187
Variable overhead 12474
Fixed overhead 16200
Total cost= $48,177
An outside supplier has offered to sell Swifty the subcomponent for $2.85 a unit.
Swifty could avoid $3000 of fixed overhead by accepting the offer.
We need to calculate the total cost of buying the subcomponent:
Buy:
Total cost= 9,900*2.85 + (16,200 - 3,000)= $41,415
The net income will increase by $6,712 if the subcomponent is purchased.
The government is an consumer because they trade with other countries to get goods that their country need and they are also a producer because they produce strategies for their government to make our communities around the world more better and advanced.
