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Kamila [148]
3 years ago
10

A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office bu

ilding: Purchase price of the land $ 540,000 Sale of salvaged parts already on land $ 22,000 Demolition of the old building $ 39,000 Ground-breaking ceremony (food and supplies) $ 1,500 Land preparation and leveling $ 7,500 What amount should be recorded for the purchase of the land?
Business
1 answer:
elena55 [62]3 years ago
5 0

Answer:

Cost of land= 564,500

Explanation:

Cost of land = Purchase price - Salvage + Demolition cost + Land preparation

= 540,000 - 22,000 + 39,000 + 7,500

= 564,500

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Answer:

D. The cost from the loss of customer goodwill.

Explanation:

The main shortage costs are the loss of customers that would now go and shop elsewhere. These costs are crucial as once the goodwill is lost it is unlikely the customers would return due to not having being catered the first time. Business want to attract new customers but most importantly they want to retain customers.

This type of shortage cost can be objectified further in marketing costs that were spent to get the customer at the store front in the first place which have been in vain.

All other options are restocking costs that are to be incurred regardless in lead times.

Hope that helps.

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Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1 year.
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Answer:

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Explanation:

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Therefore,

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3 0
3 years ago
"When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as ______
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Answer:

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7 0
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which of the following countries had the highest per capita GDP in 2013? Iran, Malaysia, Poland, Turkey
Mazyrski [523]

Answer: Poland

Among the four countries, Iran, Malaysia, Poland and Turkey, Poland had the highest per capita GDP in 2013 and ranked 61st with $21,00 per capita GDP.  Malaysia ranked 74th at $16,900. Turkey ranked 85th at $15,000 and Iran ranked 97th at $13,100.


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