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
Burka [1]
3 years ago
13

February 1, 2018, Salisbury Company purchased land for the future factory location at a cost of $112,000. The dilapidated buildi

ng that was on the property was demolished so that construction could begin on the new factory building. The new factory was completed on November 1, 2018. Costs incurred during this period were: Item Amount Demolition dilapidated building $2,000 Architect Fees $11,250 Legal Fees - for title search $1,450 Interest During Active Construction Period $5,025 Real estate transfer tax $975 Construction Costs $605,000 Using this information, how much should be recorded as the cost of the land?
Business
1 answer:
Maru [420]3 years ago
6 0

Answer:

The cost of the land should be recorded as $108,350

Explanation:

Land cost =                                     $112,000

Demolition dilapidated building = $2,200

Legal fees - title search =               $1,450

Cost of land = Land cost - Demolition dilapidated building - Legal fees - title search

Cost of land = $112,000 - $2,200 - $1,450

Cost of land = $108,350

You might be interested in
Assume that the expected future dividends (D) at end of periods 1,2, and 3, as well as the expected future price (P) at end of p
MariettaO [177]

Answer:

$66.9725

Explanation:

Data provided in the question:

Dividend:

D1 = $1.20

D2 = $1.40

D3 = $1.55

Expected future price, P3 = $82

Required return = 8.9 percent = 0.089

Now,

Stock price today = Present value of dividends and the future value

Stock price today = \frac{1.20}{(1+0.089)}+\frac{1.40}{(1+0.089)^2}+\frac{1.55}{(1+0.089)^3}+\frac{82}{(1+0.089)^3}

or

Stock price today = 1.1019 + 1.1805 + 1.2001 + 63.49

or

Stock price today = $66.9725

8 0
3 years ago
The balance sheet below reflects Zee Bank after its purchase of $50 million in government securities from the Fed. Assume a requ
UkoKoshka [18]

Answer:

$500 million

Explanation:

The solution of the money supply and its effect is here below:-

Decrease in money supply = $50 million ÷ reserve ratio

= $50 million ÷ 10%

= $500 million

If $50 million were used to repay loans, that will have raised money supply. Thus, buying $50 million in government securities from the fed reduces the supply of capital.

3 0
3 years ago
When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
lilavasa [31]
Existing business with a proven record. When you ask for investments, the lending institution will most definitely ask for your financial track record. They would want to know if you are a good paymaster because they will need the assurance that you can pay them back. Even if you have a really original idea and want to start a new business, there will still be some reservation if you have no track record because the lenders do not know if you are trustworthy or not. Unlike if you already have a proven record that you are a good paymaster, then you at least have proof that you can pay back. 
7 0
2 years ago
Debra, Fang, and Raj were on a team at their engineering company. Though Debra had the most experience of the three, she did not
kumpel [21]

Answer:

C) shared leadership

Explanation:

i found these option

A) lateral   B) authentic   C) shared   D) bridge   E) intergroup

so correct answer is shared  because Shared leadership is often team-oriented with work, as leadership can drive an individual with significant knowledge, skills and abilities to the problem facing the team at a particular time. Shared leadership is critical when tasks are interdependent, complex, and require creativity.

7 0
2 years ago
An additional worker is hired for an hour at a wage w = $12. the worker produces 4 hamburgers per hour with a price of $3 per ha
Lelechka [254]

The real wage paid to the worker is 4 hamburgers per hour.

<h3>What is Wage?</h3>
  • A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame.
  • The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
  • It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.
  • Regular and supplemental pay can be divided into two groups.
  • The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.

Learn more about wage here:

brainly.com/question/10062041

#SPJ4

3 0
1 year ago
Other questions:
  • The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment incl
    14·1 answer
  • You are a landlord for an office building. You just received a claim letter from a tenant asking for a refund of $2,000 for extr
    6·1 answer
  • If neither party is satisfied with the national labor relations board's decision, the parties can take the case to the _____ for
    7·1 answer
  • 1. How does excessive money in the economy lead to inflation?
    6·1 answer
  • As a general rule, __________ seems to work best when the consumer target market for the product is alike across countries and c
    6·1 answer
  • A survey of 50 retail stores revealed that the average price of a microwave was $375, with a sample standard deviation of $20. A
    9·1 answer
  • Sue now has $490. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
    11·1 answer
  • Flax Corp. uses the direct method to prepare its Statement of Cash Flows. Flax's trial balances at December 31, 20X4 and 20X3, a
    9·1 answer
  • Clarisa, an engineering manager, wants to purchase a resort accommodation to rent to skiers. She is considering the purchase of
    10·1 answer
  • Pizza is a product. As you have learned, services are marketed differently. Hypothesize about how the service at your restaurant
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!