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mylen [45]
3 years ago
12

Northwest Delivery Company acquired an adjacent lot to construct a new warehouse, paying $75,000 and giving a short-term note fo

r $90,000. Legal fees paid were $2,500, delinquent taxes assumed were $22,400, and fees paid to remove an old building from the land were $14,500. Materials salvaged from the demolition of the building were sold for $7,500. A contractor was paid $660,000 to construct a new warehouse.Required:Determine the cost of the land to be reported on the balance sheet.
Business
1 answer:
Alona [7]3 years ago
4 0

Answer:

d

Explanation:

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produces class rings. Its​ best-selling model has a direct materials standard of grams of a special alloy per ring. This special
lozanna [386]

Complete Question:

Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 8 grams of a special alloy per ring. This special alloy has a standard cost of $65.40 per gram. In the past month, the company purchased 8,700 grams of this alloy at a total cost of $567,240. A total of 8,300 grams were used last month to produce 1,000 rings. Read the requirements. Requirement 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $

Answer:

Collegiate Rings

The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $65.20

Explanation:

Calculations:

Actual Cost per gram of special alloy = Total Actual Cost/Total Actual Quantity

= 567,240/8,700 grams

= $65.2

This value represents the cost of the special alloy per gram.  It is obtained as calculated above.  Price or cost per unit is always equal to the actual cost divided by the total quantity.  The actual cost will be equal to the price charged by the supplier less any discounts or special allowances.

7 0
3 years ago
All else the same, if a bank's liabilities are more sensitive to interest rate fluctuations than are its assets, then ________ i
Bad White [126]

Answer:

A) an increase; reduce

Explanation:

All else the same ,if a bank liabilities are more sensitive to interest rate fluctuations than are its assets, then an increase in interest rates will reduce bank profits.

A bank is said to be sensitive towards to interest rates means that the bank revalue its liabilities on the basis of the change in the interest rates. Thus if the interest rates increases it means the liabilities of the bank has increased on which the bank is liable to pay higher interest which will automatically reduce the bank profits as the interest payable by the bank is an expense for the bank.  

6 0
3 years ago
In the classical approaches to management, proponents of the __________ approach argued that managers should stress primarily em
bogdanovich [222]

It should be noted that In the classical approaches to management, proponents of the Human Relations  approach argued that managers should stress primarily employee welfare, motivation, and communication.

<h3>What is Human Relations management?</h3>

Human Relations management theory  can be regarded as premise of organizational psychology which explains that an employer can employee productivity and motivation by positive social bonds.

Therefore, Human Relations support managers to be stressing primarily employee welfare and motivation.

Learn more about Human Relations  at;

brainly.com/question/1657284

7 0
2 years ago
The audience's perception of a speaker's competence, trustworthiness, and dynamism is termed A) credibility. B) charisma. C) cha
MAXImum [283]

Answer:

A) credibility

Explanation:

Credibility can be defined as the quality of being trusted and believed in.

The audience have been able to perceive the competence, trustworthiness and the dynamism of the speaker, and these are the criteria to judge credibility.

4 0
3 years ago
What's the difference between a debit card and a cash card
sveta [45]
A cash card<span> will only allow you to make ATM (Automatic Teller Machine) withdrawals. A </span>debit card<span> will allow you to pay directly for goods and services </span>in<span> any place where your </span>card's <span>payment network (Visa, Maestro, etc.) </span>is<span> accepted.

hope this helped :)
alisa202</span>
5 0
3 years ago
Read 2 more answers
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