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
Juliette [100K]
3 years ago
13

Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $520,000. In addition to the purchase price, FVI makes the followi

ng expenditures related to the acquisition: broker's commission, $32,000; title insurance, $2,200; and miscellaneous closing costs, $6,400. The warehouse is immediately demolished at a cost of $32,000 in anticipation of building a new warehouse. Determine the amount FVI should record as the cost of the land.
Business
2 answers:
user100 [1]3 years ago
6 0

Answer: $519,000

Explanation:

Purchase Price 460000

Add Broker's Commission 26000

Add Title Insurance 1600

Add Misc .Closing Cost 5400

Add Warehouse demolistion cost 26000

Cost of Land 519000

Vilka [71]3 years ago
6 0

Answer:

The amount FVI should record as the cost of the land=$592,600

Explanation:

Given Data:

Land cost=$520,000

broker's commission=$32,000

title insurance=$2,200

Miscellaneous closing costs=$6,400

Demolition cost=$32,000

Required:

The amount FVI should record as the cost of the land=?

Solution:

Total Cost=Land cost+broker's commission+title insurance+ Miscellaneous closing costs+Demolition cost

Total Cost=$520,000+$32,000+$2,200+$6,400+$32,000

Total cost=$592,600

The amount FVI should record as the cost of the land=$592,600

You might be interested in
Business behavior determines the ethics of society.We can improve society's moral and ethical behavior by first making a commitm
valkas [14]

Answer: The correct answer is False.

Explanation:

Business behavior will not determine the ethics of society. Businesses can't be responsible to change the moral and ethical behaviors of a single person or an entire world. Only a person can change their own behavior. A society in whole can only be changed by each person acting upon their own free will.

If a business is not ethical, then they need to change the way they work and do business and lead by example.

7 0
2 years ago
On January 1, Year 1, Zero Company obtained a $52,000, 4-year, 6.5% installment note from Regional Bank. The note requires annua
Gnom [1K]

Answer:

$ 11,799 is the principal balance of the note payable.

Explanation:

The  Interest expense for the installment note on the year of the December 31, year can be determined by the following equation that are mention below

= 52,000 * 6.5\ percent

52,000 * \frac{6.5}{100}

= $\ 3,380

Now the Principal balance  of the component in $15,179 payment of the  December 31, year 1  can be determined by the

principal\  and \ interest\ of \ note\ annual\  payments -   Interest\ expense \ for\  the\  installment\   note

= 15,179 -3,380

=$ 11,799

5 0
2 years ago
One advantage of modularization is that it simplifies the ____.
Basile [38]
One advantage of modularization is that it simplifies its own manufacturing systems. With this, companies can separate their material cost and product development, and they can also optimize their total product cost through increasing the potential of the variety of products, having a fast product development and upgrade, having a better time-to-market, service support, aftermarket, and lastly, enabling continuous market and product improvement. 
5 0
2 years ago
How are you guys today?
lianna [129]

Answer:

alright... i guess

Explanation:

(:(

3 0
3 years ago
In the United States, personal success and professional achievement are important motivators, and promotions and increased earni
otez555 [7]

People are often motivated to achieved anything. In the United States, personal success and professional achievement are important motivators is a true statement.

  • The universalist assumption is based on the fact that the motivation process is universal and that all people are motivated to run after goals that they value.

Culture often affects specific content and goals, the specific nature of motivation is different in all cultures.  in China, group affiliation; goal, social harmony are motivations for pursuing goals.

Learn more from

brainly.com/question/13132465

4 0
2 years ago
Other questions:
  • Freddie's auto service stations were fined for failure to provide the services billed and other things. after being fined, fredd
    12·1 answer
  • Joey has worked in a bicycle factory for several months. the assembly process requires multiple tasks, and over the months joe’s
    15·1 answer
  • A space into which you can safely direct your vehicle with the lowest possible risk is referred to as your
    6·1 answer
  • Approximately __________ of trades involving shares issued by firms listed on the New York Stock Exchange actually take place on
    6·1 answer
  • 10 mangerials role in orgniztion
    13·1 answer
  • Individual visits to college campuses usually provide opportunities for all the following except
    13·2 answers
  • For a normal​ good, a decrease in demand is represented as a A. rightward shift of the demand curve. B. leftward shift of the de
    14·1 answer
  • Using the continuous-debt method of setting your debt limit, you should be able get completely out of debt (other than your mort
    14·1 answer
  • PLZ HELP
    5·2 answers
  • Windsor, Inc., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following tr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!