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gulaghasi [49]
4 years ago
13

These expenditures were incurred by Carla Vista Co. in purchasing land: cash price $61,440, accrued taxes $4,720, attorney’s fee

s $2,660, real estate broker’s commission $3,360, and clearing and grading $4,060. What is the cost of the land? The cost of the land $
Business
1 answer:
ludmilkaskok [199]4 years ago
3 0

Answer:

Cost of land = $76,240

Explanation:

Cost of land = cash price + accrued taxes + attorney's fees + broker's commission + clearing and grading

Cost of land = $61,440 + $4,720 + $2,660 + $3,360 + $4,060

Cost of land = $76,240

  • Original cost is the total price associated with the purchase of an asset.
  • The original cost of an asset takes into consideration all of the items that can be attributed to its purchase and to putting the asset to use.
  • These costs include the purchase price and such factors as commissions, transportation, appraisals, warranties and installation and testing.
  • Original cost can be used to value an asset type, including equipment, real estate and security instruments.
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The calculation of GDP does NOT include the value of:________1. Michelin tires purchased by Canadian car collectors. 2. Goodyear
ExtremeBDS [4]

Answer:

3. Bridgestone tires purchased by Ford Motor Co.

Explanation:

GDP refers to the total value of all the goods and services produced in a country. Calculation of GDP involves adding up all the values of finished goods and services and multiplying them by their prices.  For accuracy purposes, and to avoid double-counting, economists consider finished consumable products only.

When capital goods are included in GDP, they are likely to be counted again in the final product. The tires purchased by the car collectors, secret services, and at the garage are for consumption. The customers will use them as the end products. Tires purchased by Ford motors will be used in the production of motor vehicles. They are capital goods or goods used in manufacturing other goods. They are not included in GDP calculation.

5 0
3 years ago
The opportunity cost of attending college is:
Sidana [21]

Answer:

1. lost wages from not working full time.

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

A person usually has to decide between working and going to school.

If the person decides to go to school, the opportunity cost is the wages forgone .

Travel expenses, tuition, and books are the real costs of attending college .

I hope my answer helps you

8 0
3 years ago
Juno Corporation's stockholders' equity section at December 31, 2019 appears below: Stockholder's equity Paid-in capital Common
wlad13 [49]

Answer:

Explanation:

Date         Particulars                                   Amount (Dr)      Amount (Cr)

6/30/17   Stock dividends

              (60,000 × 20% × 15)                       180000

              Common stock dividend

              distributable                                                             120000

             Paid-in Capital in Excess of Par

              common stock                                                            60000

7/15/17    No entry

7/31/17    Common stock dividend distributable    120000

              Common stock                                                            120000

12/1/17     No entry

12/15/17  No entry

Particulars    

1. Common stock   = (72000 × 2 × 5)                                    $720,000                

2. Number of shares outstanding (60000+12000)×2            144000

3. Par value per share (10/2)                                                  $5

4. Paid-in capital in excess of par  (150000+60000)           $210000

5. Retained earnings   (150000+190000-180000)               $160000

6. Total stockholders' equity                                                   $1090000

4 0
3 years ago
If the quantity of financial capital supplied is equal to the quantity of financial capital demanded then, the national savings
siniylev [52]

Answer:

False

Explanation:

If the quantity of financial capital supplied is equal to the quantity of financial capital demanded then, the national savings and investment identity is written as S + (M - X) = I + (G - T)

Where S = Private sector saving.

I= Private sector investment.

G= Government spending.

T=Government income, i.e. tax.

X =Exports.

M=Imports.

6 0
3 years ago
the number of families receiving assistance under TANF had dropped by ______ within five years of its enactment
Harlamova29_29 [7]

The number of families receiving assistance under TANF had dropped by 50 percent within five years of its enactment.

Temporary Assistance for Families in Need is a US government assistance program. It began on July 1, 1997 and followed aid to the Dependent Children Program, which provides financial assistance to American families in need through the U.S. Department of Health and Human Services.

To be eligible for Oklahoma Family Assistance, you must be an Oklahoma resident and be a U.S. citizen, legal alien, or eligible alien. You must be unemployed or underemployed and have little or very little income. You must also be one of the following: Have children under the age of 18 OR.

TANF Family benefits also have strict deadlines. Recipients can receive benefits for up to five years for the rest of their life unless they meet the limited hardship extension criteria.

Learn more about TANF brainly.com/question/10636934

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3 0
1 year ago
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