PLEASE HELP ASAP! Will give BRAINLIEST! Please answer correctly! No guessing!

emily purchased a building to store inventory for her business. the purchase price was $760,000. emily also paid legal fees of $

liq [111]

$572,045 cost basis,

computed as follows:

Purchase price $565,000

Improvements 6,300

Legal fees 745

The cost basis for the building is $572,045

improvement is the technique of aspect transferring from one country to a state considered to be higher, usually via a few motions supposed to bring about that higher kingdom. The concept of development is crucial to governments and corporations, as well as to people. The time period of "improvement" in a preferred manner is "sluggish, piecemeal, however cumulative betterment", which can discuss with both people and societies as an entire.

Learn more about Improvements here

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3 0

1 year ago

Which of the following tools would be used to tighten a nut or bolt with a precise amount of twisting

Nataly [62]

the answer would a actually be A. Torque Wrench

A torque wrench is a tool used to apply a specific torque to a fastener such as a nut or bolt. It is usually in the form of a socket wrench with special internal mechanisms.

5 0

3 years ago

Steps in developing an email campaign include: borrowing an inexpensive email list. measuring the results of the campaign. findi

spin [16.1K]

True. Specifically, in developing an email campaign one should begin by determining the goal of the campaign, choose a marketing platform, build and segment an email list, and create a campaign and build an email.

5 0

3 years ago

Max's Kennels spent $220,000 to refurbish its current facility. The firm borrowed 60 percent of the refurbishment cost at 5.95 p

d1i1m1o1n [39]

Answer:

The monthly payment is $2184.52

Explanation:

Given

$Total\ Amount\ Spent\ = $220,000$

$Amount\ Borrowed = 60\%$

$Rate = 5.95\%$

$Duration = 6\ years$

Required

$Monthly\ Payment$

Firstly, the loan amount has to be calculated

The Question says; of the total amount spent, only 60% was borrowed;

So;

$Loan = 60\%\ of\ 220,000$

$Loan = 132,000$

The monthly payment can then be calculated using the following formula

$Amount = P * \frac{r}{12} * \frac{(1 + \frac{r}{12})^n}{(1 + \frac{r}{12})^n - 1}$

Where P = Loan Amount = 132,000

r = rate of payment = 5.95% = 0.0595

n = duration (in month)

n = 6 years

n = 6 * 12 months

n = 72 months;

Substitute the above parameters in the formula;

$Amount = P * \frac{r}{12} * \frac{(1 + \frac{r}{12})^n}{(1 + \frac{r}{12})^n - 1}$ becomes

$Amount = 132,000 * \frac{0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = \frac{132,000*0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(\frac{12.0595}{12})^{72}}{(\frac{12.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(1.0049583)^{72}}{(1.0049583)^{72} - 1}$

$Amount = 654.5 * \frac{1.42777239524}{1.42777239524 - 1}$

$Amount = 654.5 * \frac{1.42777239524}{0.42777239524}$

$Amount = 2184.51925155$

$Amount = 2184.52\ (Approximated)$

Hence, the monthly payment is $2184.52

7 0

3 years ago

On January 1, 2013, Nichols Corporation granted 10,000 options to key executives. Each option allows the executive to purchase o

evablogger [386]

Solution:

Dec 31 2013

Compensation Expenses $200,000

Paid in Capital- Stock Options $200,000

*To record compensation expense for 2013

Computation-Compensation Expense= 400,000/2= $200,000

Dec 31 2014

Compensation Expenses $200,000

Paid in Capital- Stock Options $200,000

*To record compensation expense for 2013

Computation- Compensation Expense= 400,000/2= $200,000

Dec 31 2015

Cash $240,000

Paid in Capital- Stock Options $320,000

Common Stock $40,000

Paid in capital – in excess of par common stocks $520,000

*To record stock option for 5 years and market price $30 with a balance record in the PIC in excess of common stock, 8,000 option exercised out of 10,000

Computation-

PIC- stock options- 400,000 X 80%= $320,000

Common stock = 8,000 X 5 per share= $40,000

80%= amount of stock options redeemed.

8,000/10,000= 80%

Dec 31, 2017

PIC- stock options $80,000

PIC- Expired Stock Options $80,000

*To record paid in capital- stock option for 2017 which is $80,000

Computation= 400,000 X 20%= $80,000

20% = amount of stocks that were not redeemed.

4 0

3 years ago