Answer: $7,000
Explanation:
As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.
Department One occupies 2,400 square feet of that space.
Calculating the proportion it occupies is,
= 2,400/12,000
= 20%
Since it occupied 20% of the total space then it should be charged 20% of the rent bill.
= 20% * 35,000
= $7,000
Department One should be charged rent expense for the period of $7,000.
Multiply .15 by $59.00. That number is the discount off of the $59. This number comes out to be $8.85. Now subtract that from 59. This number comes out to $50.15. That would be the price of the shoes. <span />
The one that is not an advantage of using the services of an investment company is: D. insurance protection against loss of principal.
The largest risk in every investing actions is the loss of principal. If there is such a thing as insurance protection against loss of principal, people could buy as many shares as they want without having to worry about the potential loss.
Answer:
The amount to be reported as the cost of the land is $ 114,200
Explanation:
Cash paid for the land = $ 98,000
Net cost of demolishing old ware house = $ 11,000 - $ 3,100 = $ 7,900
Attorney's fee = $2,000
Real estate broker's fee = $ 6,300
Total cost of the land = Cash paid for the land + Net cost of demolishing old ware house + Attorney's fee + Real estate broker's fee
= $98,000 + $ 7,900 + $2,000 + $ 6,300
= $ 114,200
