Answer:
Land $434,696
Land improvements $108,609
Building $1,720,600
To Cash $2,263,905
(Being the amount paid in cash is recorded)
Explanation:
The journal entry is shown below:
Land $434,696
Land improvements $108,609
Building $1,720,600
To Cash $2,263,905
(Being the amount paid in cash is recorded)
The land, land improvements and the building increases the assets so it is debited while the cash is credited as the cash is paid
The computation of the land is shown below:
= Purchase price of the land + purchase price for the old building + paid amount for tear down the old building + cost to fill and level the lot
= $224,000 + $119,000 + $37,000 + $54,696
= $434,696
Government fiscal policy measures would lower tax rates and expand the money supply.
<h3>What is the economy?</h3>
- An economy is a region where products and services are produced, distributed, traded, and consumed.
- It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
- One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.
- These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.
- In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.
<h3>What do you mean by the government?</h3>
- An organized community is governed by a system or group of individuals, typically a state.
- Government often consists of the legislative, executive, and judicial branches in the case of its broad associative definition.
- Government is a tool for making policy decisions as well as a way to enforce organizational policies.
- A declaration of the government's guiding principles and philosophy is the equivalent of a form of constitution in many nations.
Learn more about the economy here:
brainly.com/question/951950
#SPJ4
Answer:
no option is correct
long term capital gains = ($24.50 - $22) x 500 = $1,250
dividend income = $0.32 x 500 = $160
total return = $1,410
Maybe your teacher is asking about long term capital gains only. If that is the case, then option A. $1,250 is correct
Explanation:
total return = ending value - initial value + dividends received = (500 x $24.50) - (500 x $22) + (500 x $0.32) = $12,250 - $11,000 + $160 = $1,410
holding period return = (ending value - initial value + dividends received) / initial value = $1,410 / $11,000 = 0.1282 = 12.82%
<span>Yolanda
buys a house in the mountains for $450,000 which she uses as her
personal vacation home. she builds an additional room on the house for
$40,000. she sells the property for $560,000 and pays $28,000 in
commissions and $14,000 in legal fees in connection with the sale. what
is the recognized gain or loss on the sale of the house?
= </span>She gained $28,000
