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gulaghasi [49]
3 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]3 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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What is teaching? name the manpower related to the teaching sector. <br><br>​
mr Goodwill [35]

Answer:

See below

Explanation:

<u></u>

<u>1. Teaching</u>

Teaching is a deliberate process of sharing knowledge and information in an organized manner and within a discipline. To teach is to provide experiences that stimulate the psychological and intellectual growth of a person.  It involves the more knowledgeable instructor, issuing guidance and instructions to another person who seeks to acquire knowledge.

Teaching takes place in schools and the out-of-school environment.

<u>2. The manpower related to teaching include,</u>

  1. The teacher: Also known as a tutor, instructor, or lecturer.
  2.  Education Administrators: Made-up of heads of leaning institutions,    education supervisors and the top management of education in a country.
  3.  Support staff in educational institutions.
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8 0
3 years ago
Suppose that the equation for the SML is Y = 0.05 + 0.07X, where Y is the average expected rate of return, 0.05 is the vertical
timurjin [86]

Answer:

Risk free interest rate is 5%

Y is 15.5% at a Beta of 1.5

X is 0.29 when Y is 7%

Explanation:

Risk free interest is 0.05 which 5% as given in the equation

The average expected return is given by Y

Y=0.05+0.07X

Since Beta is the same as X, when equals 1.5,Y is calculated thus

Y=0.05+0.07(1.5)

Y=0.05+0.105

Y=0.155

Y=15.5%

The value of Beta at an average return of 7% is computed thus:

7%=0.05+0.07X

where X is the unknown

0.07=0.05+0.07X

0.07-0.05=0.07X

0.02=0.07X

X=0.02/0.07

X=0.29

The scenario  illustrates that the Beta, which is the risk of investment and the Y , the expected average return are positively correlated.

6 0
2 years ago
A good handler wants to use a thermometer to measure the air temperature inside of a cooler. To what temperature should the ther
navik [9.2K]

Answer:

2°F, or ±1.0°C

Explanation:

5 0
2 years ago
The monitoring step of the mission and vision statements development process is analogous to which step of the principles of man
jeyben [28]

Answer: The "Controlling" step of the management framework.

Explanation: Management principles have been categorised into 4 main functions namely: planning, organising, leading and controlling. In short this is known as the P-O-L-C framework. The aim of this framework is to act as a guide used to assist management in addressing challenges faced by the organisation.

In the monitoring step of the mission and vision statements development is analogous (related) to the controlling element of the framework. In this step, key milestones are identified and recognised over time. Using these milestones, progress is monitored and measured against the objectives of the organisation. Audit can be an important tool used during this step of the process, to confirm whether milestones are effectively monitored.

3 0
3 years ago
On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requi
Tema [17]

Answer:

Date               Account Title                                              Debit               Credit

May 7             Materials                                                 $9,600

                      Accounts Payable                                                            $9,600

<u>Working:</u>

= Units purchased * cost per unit

= 640 * 15

= $9,600

As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.

3 0
3 years ago
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