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never [62]
3 years ago
12

Suppose a parcel of land promises to return $750 per year per acre. what is the capitalized value of the land if the interest ra

te is 7%?
Business
1 answer:
sergij07 [2.7K]3 years ago
6 0

A capitalized value of land is the value of the land calculated on Total return per year divided by the interest rate.

The capitalized value of land = Return on land per year ÷ Interest rate

Where Return on land per year = $750

Interest Rate = 7%

The capitalized value of land = $ 750 ÷ 0.07

= $ 10,714.29

Therefore, the capitalized value of land if the interest rate is 7% is $ 10,714.29.

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One way to make it easier to track your progress toward success is
Charra [1.4K]

Answer:

I think D would be the best answer you have to have a vision board with all of your goals and mark them off as you a complish those goals.

Explanation:

4 0
4 years ago
Read 2 more answers
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance tot
Mice21 [21]

Answer:

a) The debit  and credit side of the unadjusted trial balance would be increased by $ 5200.

b) The debit side would remain unchanged. No effect will be seen  in the adjusted trial balance.

Explanation:

Effect of adjustments on adjusted Trial Balance.

This first entry would increase the wages expense and increase the liability account in the adjusted trial balance. Both debit and credit side would be increased by an equal amount.

b) This would decrease the Supplies account and increase the supplies expense in the unadjusted account. As both are on the debit side there would be no effect in the debit total.

Sr No                Account                    Debit          Credit

<u>Original Entries</u>

a.               Wages Expense            5200

                      Accounts Payable                         5200

b.             Supplies Expense          1125

                        Supplies Account                          1125

<u>Correct Entries</u>

a.                  Wages Expense          5200

                          Accrued Wages Account Payable       5200

b.             Supplies Expense          1125

                        Supplies Account                          1125

<u>Difference:</u>

<u>a)</u> We see that the first entry which was original passed the debit side is correct but the credit side would have been of accrued wages instead of accounts payable . This is to raise the amount by which wages are still outstanding by an amount 5200 at the end of the month.

This would decrease the accounts payable increase the wages payable . If the adjustment is not made it the salaries payable is understated .

<u>b)This adjusting entry is correct.</u>

5 0
4 years ago
Because self-managed teams were established at the Kinex plant, the number of electrical components produced has increased by 12
alexgriva [62]

The statement that is likely true about self-managed teams at Kinex is that self-managed teams generally control all of their own administrative tasks, including hiring and firing employees.

Self-managed teams made productivity increase and workers have more positive attitudes at Kinex, as this method of management ensures greater autonomy and authority for teams, making work more flexible, faster and more cooperative.

Therefore, self-managed teams are capable of increasing employee development, valuing work, motivation and, consequently, productivity.

Learn more here:

brainly.com/question/12175622

4 0
3 years ago
Waterway Industries began the year with retained earnings of $316000. During the year, the company issued $421000 of common stoc
Rus_ich [418]

Answer:

<u>revenues = 1,201,100</u>

<u></u>

Explanation:

$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning

beginning 421,000

+net income (revenues - 1,204,000)

- dividends 82,100

ending 336,000

421,000 + (r-1,204,000) - 82,100 = 336,000

revenues = 336,000 + 82,100 + 1,204,000 - 421,000

<u>revenues = 1,201,100</u>

5 0
3 years ago
A manufacturing company has annual sales of $180,000 and inventory of $40,000. The inventory turnover ratio for the company is _
NISA [10]

Answer:

4.5

Explanation:

Inventory refers to the goods that a company has in its stock. Inventory includes raw materials and finished goods sold by the company.

Inventory turnover refers to the number of times a company sells and replaces its inventory during a given period.

Annual sales of a manufacturing company =\$180,000

Inventory =\$40,000

Inventory turnover ratio for the company = Sales/Inventory

=\frac{180,000}{40,000} =4.5

6 0
3 years ago
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