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borishaifa [10]
3 years ago
7

Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fe

es totaled $1,000. Elway has the land graded for $2,200. They paid $10,000 for paving of a parking lot. What amount does Elway record as the cost for the land?a. $88,200b. $100,700c. $90,700d. $85,000
Business
1 answer:
defon3 years ago
3 0

Answer:

c. $90,700

Explanation:

The computation of the cost of the land is shown below:

= Purchase cost of land + property taxes + attorney fees + land graded cost

= $85,000 + $2,500 + $1,000 + $2,200

= $90,700

We added the property taxes, attorney fees, and the land graded cost to the purchase cost of the land. We do not include the parking lot expenses

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__________ manages the movement of raw materials, parts, work in progress, finished goods and related information throughout the
Ugo [173]

Answer:

<u>Supply chain management.</u>

Explanation:

Supply chain management is characterized as an organizational process whose main objectives are to establish control, management and integration of all elements of a supply chain, services, finances and information within a chain with diverse participants as a factory. , suppliers and end customers. In addition to providing optimization and integration techniques between inventory, transportation and cost.

The benefits of managing an appropriate and targeted organization-wide supply chain are reducing costs throughout the entire supply chain, as well as providing the right customer service at the right time, at the right price, at the right amount, to perform a higher quality service.

5 0
3 years ago
Darwin Inc.sells a particular textbook for $24. Variable expenses are $16 per book. At the current volume of 52,000 books sold p
hram777 [196]

Answer:

$416,000

Explanation:

Darwin sells a particular book for $24

Variable expenses are $16

The current volume of book sold is 52,000 books

The first step is to calculate the unit Contribution margin

= $24-$16

= $8

Therefore the fixed expenses that is associated with the book can be calculated as follows

=52,000 × 8

= $416,000

8 0
3 years ago
The reason that a person buys health or life insurance is to
Over [174]
D to limit the amount of financial loss if there is an illness or injury
6 0
3 years ago
Which of the following scenarios would result in a decrease in the wage rate of solar panel installers and a decrease in the qua
Digiron [165]

Answer:

Wages of solar panel installers increase in another town and attract workers away from Billy's town.

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0
2 years ago
A house is closed on April 15. The property taxes are $960 for the year. They have not been paid. How much does the buyer receiv
Scilla [17]

Answer:

Explanation:

divide the total taxes 960 by 365 (number of days in the year) to get per day tax which is 2.63$. Days from 1 January to April 15 are 105, these 105 days times 2.63$ =276.15.

so, now we have calculated the amount of taxable by seller at closing date and buyer will receive the same from seller i.e 276.15 $ .

4 0
3 years ago
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