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
Alenkinab [10]
3 years ago
11

The Open Grill incurred the following costs in acquiring a new piece of land:Cost of the land $ 80,000. Commissions 4,800.Liabil

ity insurance for the first year 1,200. Cost of removing existing building 20,000. Sale of salvaged materials(4,000). Total costs $102,000.
What is the total recorded cost of the land?

A. $102,000.
B. $100,800.
C. $106,000.
D. $80,000.
Business
2 answers:
rodikova [14]3 years ago
8 0

Answer:

B

Explanation:

we are to calculate the total land cost recorded in this question;

To get the cost recorded we do the following;

Cost of land recorded = cost of land + commissions + cost of removing existing building - sale of salvaged materials on land

cost of land recorded= 80,000+ 4,800 + 20,000 - 4,000 = $100,800

vesna_86 [32]3 years ago
6 0

Answer:

$102,000

Explanation:

Cost of land is derived based on the purchase price and every other cost incurred towards preparing it for use. These cost include commission , legal fees , bank charges , survey fees , title search fees , land preparation fees and other.

It is important to know that any form of revenue earned through the land shall be net off against the cost to arrive at the total value.

Cost of the land - $80,000

Commission - $ 4,800

Insurance - $ 1200

Decommissioning cost - $ $20,000

Sales of Salvaged material ($4000)

Total cost = $102,000

You might be interested in
What are corporate travel managers how do they compare to travel agents
Harrizon [31]

they own businesses while traveling to make sure the stores and work places are good

5 0
3 years ago
Julie is trying to determine why there are such dynamic fluctuations in the conversion volume of her online website in the past
Klio2033 [76]

Answer:

Option D

Explanation:

Review of full history would include impressions share report which can be used to analyse loss of visual impression share, reason for loss can be identified and proper solution is administered.

3 0
3 years ago
How do changes in the money supply affect people and businesses?<br><br>(please help! 80)
slega [8]
Increase in money supply will result to result to lower interest rates. These will encourage individuals and business to avail of loans since interest rates are low. However, proper computation must be made in order to determine the level of increase in money supply. Unchecked increase in money supply may result to inflation.

Decrease in money supply will result to higher interest rates. Higher interest rates will encourage individuals or businesses to deposit their money in the banks because their deposits will earned high interests.
6 0
3 years ago
The hyattsville country club requires that an applicant's grandfather be a member of the club in order to qualify for membership
-Dominant- [34]
<span>The Hyattsville country club requires that an applicant's grandfather be a member of the club in order to qualify for membership. because blacks were not allowed to join the club in the 1960s and 1970s, there are no black members today. this rule, which maintains the advantage for the dominant group, while providing the appearance of fairness to all is an example of: </span>Institutional Discrimination.
7 0
3 years ago
Question 1 (1 point)
AlexFokin [52]

Answer: $75

Explanation:

After deduction all expenses and taxes, the balance left either at hand or in bank is the discretionary income.

8 0
3 years ago
Other questions:
  • In 2001 chipotle, a fresh mexican grill, committed to increase its use of naturally raised meat, organic produce, and dairy with
    13·1 answer
  • Kohlberg's theory of moral development can best be summarized as characterizing children's moral development as a process of pro
    15·1 answer
  • Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75%
    5·1 answer
  • We will derive a two-state put option value in this problem. Data: S0 = 180; X = 190; 1 + r = 1.1. The two possibilities for ST
    9·1 answer
  • Refresh produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Mate
    15·2 answers
  • If money going out of the business is greater than the money coming into the business, what happens?
    10·1 answer
  • Question 2
    7·1 answer
  • Sunland Company makes an investment today (January 1, 2020). They will receive $77000 every December 31st for the next six years
    12·1 answer
  • A(n) ________ change involves introducing a practice that is new to the industry, such as using drones (rather than delivery tru
    14·1 answer
  • What's the permanent marker used primarily for marking datums when measuring elevation?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!