Answer:
$550,000
Explanation:
The computation of the cost of the land is shown below:
= Cash paid + note payable amount + legal fees incurred + sales commission charged + surveying fees + appraisal fee
= $100,000 + $400,000 + $19,000 + $25,000 + $1,000 + $5,000
= $550,000
For computing the cost of the land we added all the cost given in the question as it is related to the land
Answer:
Letter A is correct. <u>Providing rigid policies, procedures, standards and guidelines.</u>
Explanation:
A steering team or leadership team is a group formed by experts or stakeholders who will provide assistance and guidance in managing a project. Like for example:
- Budgets;
- Marketing strategies;
- New endeavors and
- Company policies.
Stakeholders have the main objective of ensuring that the project is carried out in accordance with the company's strategic objectives, and managing the team to ensure compliance with the project's goals and deadlines.
The entire set of actions of the steering team or leadership team will ensure that the team achieves the final results expected for the project.
Answer:
1. Dr Cost of goods manufactured 2000
Cr supplies 2000
2.Dr Insurance expense 100
Cr Prepaid insurance 100
3. Dr Depreciation expense 75
Cr Accumulated depreciation 75
4. Dr unearned revenue 800
Cr service income 800
5. Dr Account receivable 280
Cr Service revenue 280
6. Dr Interest expense 70
Cr Interest payable 70
7. Dr Salaries expense 1400
Cr Salaries payable 1400
Explanation:
1. At the end of reporting 500 supplies were at hand (2500-500)= 2000 used and closes in to cost of goods manufactured.
2.Prepaid insurance was 600 and expires 100 of the month.(600-100)=500 will be prepaid.
4. Revenue is earned which was unearned and collection was recorded and liability created of that amount,this is done because of matching principle.
The answer is 52500 for 25% from 42000 = 10500 so 42000+10500=52500
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end
