(I don't need this answered, I just wanted to put the correct answers out there for other users)

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 178,000 R

allochka39001 [22]

Answer:

$198,000 and $0

Explanation:

The calculation is shown below:

The Cost of the land is

= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building

= $178,000 + $15,300 + $1,100 + $2,300 + $1,300

= $198,000

As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost

hence, it would be zero

3 0

3 years ago

Two drivers, walt and jessie, each drive up to a gas station. before looking at the price, each places an order. walt says, "i'd

koban [17]

In the question above, Walt asks for 10 gallons of gas while Jessie asks for $10 worth of gas. In both the cases, the drivers need gas but Walt is concerned about the quantity of gas and Jessie is concerned about the price of the gas.
In case of Walt, the price elasticity of demand is zero because he want 10 gallons of gas regardless of the price of gas per gallon. While in case of Jessie, the price elasticity of demand is one because he wants to buy gas worth $10, no matter what is the price of the gas per gallon.

8 0

4 years ago

You will be administratively suspended if you have a breath or blood alcohol level of ____ or above or refuse to submit to a che

olga nikolaevna [1]

As per ALS or administrative license suspension or revocation, a blood alcohol concentration of 0.08% or higher will automatically suspend you administratively aside from refusing to submit a chemical test. Automatically, licenses will be confiscated and will be suspended of criminal proceedings independently.

7 0

4 years ago

Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jas

SpyIntel [72]

Answer:

Fund balance at ending of year is $3,230,000.

Explanation:

This can be prepared as follows:

Jasmin City

General Fund

Statement of Revenues, Expenditures, And Changes in Fund Balance

For the Year Ended December 31, 2019

Details $ $

Revenues:

Miscellaneous revenues 180,000

Licenses and permits revenues 1,000,000

Property tax revenues 7,000,000

State and federal grants 2,000,000

Total revenues 10,180,00

Expenditures:

Education program expenditures (2,000,000)

Public safety expenditures (4,000,000)

Parks program expenditures (750,000)

Highways program expenditures (900,000)

Total expenditures  (7,650,000) 

Excess of revenues over exp. 2,530,000

Other Financing Sources (Uses):

Transfers to other funds (1,500,000)

Transfers from other funds 700,000

Total other financing sources (uses) 800,000

Net change in fund balance 1,730,000

Fund balance at beginning of year 1,500,000

Fund balance at ending of year  3,230,000 

3 0

3 years ago

Which of the following is NOT a benefit provided by a stakeholder analysis document?

Brrunno [24]

Answer:

This is not a benefit provided by a stakeholder analysis document:

You can prioritize stakeholders so you make sure to keep the most important ones happy.

Explanation:

A stakeholder analysis document identifies a project's stakeholders, their participation levels, interests, and influences in the project. It determines the best approach to involve, and therefore, communicate with each stakeholder group. The purpose of the document is not to prioritize stakeholders but to identify the groups.

6 0

3 years ago