1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SCORPION-xisa [38]
3 years ago
7

The Reid Co. acquired a piece of land for a new factory paying $100,000. Reid demolished the old building at a cost of $20,000,

and sold scrapped material salvaged from the old building for $5,000. The architect’s fees were $25,000, and the title insurance upon acquisition of the land was $1,000. The construction period interest was $8,000, and the contractor received $300,000 for the building. A pavement assessment made by the city cost Reid $2,000 at the purchase date.
A) The cost of the land recorded by Reid Co. is
B) The cost of the building recorded by Reid Co. is
Business
2 answers:
Julli [10]3 years ago
3 0

Answer:

A$118,000 B.$333,000

Explanation

Land$100,000

Demolition20,000

Scrap value(5,000)

Title insurance1,000

Paving assessment2,000

Total land cost($118,000)

B. The cost of the building recorde

d by Reid

Archirectfees$25,000

Construction interest8,000

Building cost300,000

Total building cost. $333,000

Y_Kistochka [10]3 years ago
3 0

Answer:

Check the explanation

Explanation:

A.

Land                                        $ 100,000

Demolition                                  20,000

Scrap value                                 (5,000 )

Title insurance                               1,000

Paving assessment                      2,000

Total land cost                         $ 118,000

B.

Architect fees                                 $ 25,000

Construction interest                          8,000

Building cost                                     300,000

Total building cost                         $ 333,000

You might be interested in
Choose the only point on the graph that shows the equilibrium wage
a_sh-v [17]

We would need to see the graph, but the equilibrium point is where the wage paid is equal to the supply of workers. On a graph, this would be the point where the two lines intersect. That is the point where the supply of people willing to do the job at a certain rate, meets the company's demand for workers and the rate they are willing to pay.

4 0
3 years ago
Jacob chose to spend the afternoon swimming rather than going to the movies. any value given up from not going to the movies is
quester [9]

Any value given up from not going to the movies is the <u>"opportunity cost".</u>


Opportunity costs represent the advantages an individual, speculator or business passes up while picking one option over another. While money related reports don't demonstrate opportunity cost, entrepreneurs can utilize it to settle on taught choices when they have various alternatives previously them. Since they are concealed by definition, opportunity expenses can be neglected in the event that one isn't cautious. By understanding the potential botched chances one renounces by picking one venture over another, better choices can be made.  


4 0
3 years ago
Read 2 more answers
A process that performs at a 6 sigma level: a. is considered statistically 'perfect' b. has 3.4 defects per million opportunitie
xz_007 [3.2K]

Answer:

d. all of the above

Explanation:

Six sigma as a 99.9997% rate of perfections which amounts to 3.4 error per million transaction.

Six sigma is an effective methodology that helps to reduce cost and decrease cycle time.

It is a methodology that increases productivity and efficiency in process, it also reduces the amount of defects and helps to eliminate it.

6 0
3 years ago
When delivering a 60-second commercial in an interview, you should NOT: a. Keep the commercial concise b. Play a recorded versio
wlad13 [49]
I would say the answer would be B
7 0
3 years ago
Read 2 more answers
Adieu Enterprises, based in Toronto, decides to expand into the South American market. To do so, it establishes a separate opera
Ilia_Sergeevich [38]

Answer:

The statement is: True.

Explanation:

A wholly-owned subsidiary is a corporation with a common stock owned by another company at one hundred percent (100%). When a company owns less than fifty percent (50%) of another company, the company holds a minority interest in it. The parent company will control all development, management, and profits with a wholly-owned subsidiary but it also shares costs and responsibilities.

8 0
3 years ago
Other questions:
  • Henry and claudia can claim alyssa for which tax benefits
    8·1 answer
  • Consider the single factor APT. Portfolio A has a beta of 0.5 and an expected return of 12%. Portfolio B has a beta of 0.4 and a
    11·1 answer
  • Admitting New Partners Myles Etter and Crystal Santori are partners who share in the income equally and have capital balances of
    7·1 answer
  • Describe how you would incorporate adult learning principles and methods of experiential learning from this course into the Maer
    14·1 answer
  • By the fourth quarter of 2015, U.S. households had accumulated $12.5 trillion in housing equity, which represents about 14 perce
    13·1 answer
  • The product deletion process is similar to the ____ step of the new-product development process because both involve deciding wh
    9·1 answer
  • The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also s
    15·2 answers
  • A more efficient means of processing algae to produce an anticancer drug is discovered. as a result, the supply curve for the dr
    9·1 answer
  • James would like to create a sole proprietorship operating under the name Super
    13·1 answer
  • In January 2020, Livingston Publishing sells three-year subscriptions to its annual publication to 500 customers for $30 each. U
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!