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mixas84 [53]
3 years ago
15

Blossom Company purchases land for $150000 cash. Blossom assumes $5200 in property taxes due on the land. The title and attorney

fees totaled $2000. Blossom has the land graded for $3900. They paid $24000 for paving of a parking lot. What amount does Blossom record as the cost for the land?
Business
1 answer:
IgorLugansk [536]3 years ago
8 0

Answer:

Blossom record $161,100 as cost of land.

Explanation:

Here, we are to calculate amount recorded as the cost of the land purchased by Blossom company.

We proceed mathematically;

From the question;

Calculation of land cost = cash payment + property tax value + Title and attorney fees + Grading cost

Cost of land = 150,000 + 5,200 + 2,000 + 3,900 = $161,100

Blossom record $161,100 as cost of land.

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B. Thanks can have collection agencies seize part of the borrowers income

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Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure t
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Answer:

Project Scope Management is the applicable knowledge area.

Explanation:

Project Management involves the use of knowledge skills, tools,  techniques to meet the requirement of the project. Other knowledge areas in Project Management include;

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Project Scope Management involves explaining what the project will entail.  It ensures people have a clear understanding of what the project is about.  

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3 years ago
Kobe is part of a group of managers at Earthbound Engineering examining whether the company should offer some significant new se
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C. strategic planning

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Strategic planning involves the way or process an organization adopts in determining its strategy, direction and making decisions on how to allocate resources better and implement strategy. It is also the technique which guides and controls the implementation of strategy.

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3.SWOT analysis.

4.Scenerio planing. etc.

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In a perfectly competitive market
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D. No seller can influence the price of the product

Explanation:

A perfect market for competition is a market which has a high level of competition.  

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1. With regard to the market, knowledge is perfect in this rivalry between producer and consumer.  

2. Free entry, and exit

3. Deals with same or homogeneous products

4. The buyers and sellers are more in this market

5. There is no transport cost

Moreover, the average revenue and the marginal revenue are equal.

So, the correct option is D.

6 0
3 years ago
The weekly profit of a company is modeled by the function w = –g2 + 120g – 28. The weekly profit, w, is dependent on the number
FromTheMoon [43]

Answer:

120 gizmos.

Explanation:

We have been given that the weekly profit of a company is modeled by the function w =-g^2+120g-28. The weekly profit, w, is dependent on the number of gizmos, g, sold. The break-even point is when  w=0.

To find the number of gizmos the company must sell each week in order to break even, we will substitute w=0 in profit function as:

0 =-g^2+120g-28

-g^2+120g-28=0

Now, we will use quadratic formula to solve for g.

g=\frac{-120\pm\sqrt{120^2-4(-1)(-28)}}{2(-1)}

g=\frac{-120\pm\sqrt{14400-112}}{-2}

g=\frac{-120\pm\sqrt{14288}}{-2}

g=\frac{-120\pm 119.53242237987}{-2}

g=\frac{-120-119.53242237987}{-2}\text{ or }g=\frac{-120+119.53242237987}{-2}

g=\frac{-239.53242237987}{-2}\text{ or }g=\frac{-0.46757762013}{-2}

g=119.76621118\text{ or }g=0.2337888

g\approx 120\text{ or }g\approx 0.23

We will take the larger value for the number of gizmos.

Therefore, the company must sell 120 gizmos each week in order to break even.

5 0
3 years ago
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