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Elanso [62]
3 years ago
6

A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been

3.7%. About how much did the company pay for the land
Business
1 answer:
tekilochka [14]3 years ago
3 0

Answer:

The company paid $278,031

Explanation:

Giving the following information:

A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.

<u>To calculate the past value of the land, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= present value (20 years ago)

n= 20

FV= 575,000

i= 0.037

PV= 575,000 / (1.037^20)

PV= $278,031

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Given the following information, prepare an income statement for the Dental Drilling Company.
dmitriy555 [2]

Answer:

Results are below.

Explanation:

<u>Giving the following information:</u>

Selling and administrative expense $90,000

Depreciation expense 75,000

Sales 621,000

Interest expense 46,000

Cost of goods sold 231,000

Taxes 50,000

<u>With the information listed above, we need to make an income statement following the structure below:</u>

<u></u>

Sales= 621,000

COGS= (231,000)

Gross profit= 390,000

Selling and administrative expense= (90,000)

Depreciation expense= (75,000)

Interest expense= (46,000)

Eearning before taxes (EBT)= 179,000

Taxes= (50,000)

Net operating income= 129,000

8 0
3 years ago
Keeping an open mind and seeing potential good in others are behaviors considered in this element of dialogue
Eva8 [605]

Keeping an open mind and seeing potential good in others are behaviors considered in this element of dialogue unconditional positive regards.

<h3>What is unconditional positive regards?</h3>

Unconditional positive regard  can be described as the term  that was been used in the explanation of human behaviors by humanist psychologist Carl Rogers in describing the  technique for non-directive, client-centered therapy.

It should be noted that unconditional positive regard  focus on how to display complete support as well as  acceptance of someone irrespective of what that person says or does.

In conclusion, Unconditional positive regard can not be regarded as one that focus on the liking a client as well as accepting everything from them, but it base on giving respecting the client as a human being along with their own free will and make sure the operation with them with the assumption that they are doing the best they can.

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3 0
2 years ago
Use the following data to determine the total amount of working capital.
pashok25 [27]

Answer:

$279,200

Explanation:

The computation of working capital is shown below:-

As we know that

Working capital = Current assets - Current liabilities

where,

Current assets = cash balance + account receivable + Inventory

= $129,200 + $122,600 + $209,300

= $461,100

And,

Current liabilities = Account payable + Salaries  & wages payable

= $153,500 + $28,400

= $181,900

now we will put the values of the above working capital formula

= $461,100 - $181,900

= $279,200

6 0
3 years ago
How did the population and economic patterns of the american west change because of governmental policies, such as the homestead
dem82 [27]

There were many policies which contribute a lot to  change population and economic patterns of the american west .

Much of the West became part of the United States through the Louisiana Purchase of 1803; the Southwest, however, was a Mexican possession until 1848. The Lewis and Clark Expedition of 1804–06 established much of what would become the Oregon Trail and thereby facilitated settlement of the Pacific Northwest.

The Mormons, fleeing from harassment in Midwestern states, reached Utah in 1847, built Salt Lake City, and began a vigorous colonization of all parts of the Rocky Mountain West. The discovery of gold in California in 1848 brought a burst of migration to the West Coast and led to California’s admission to the union in 1850, barely two years after it had been ceded from Mexico.

The rest of the West, however, remained sparsely populated. The American Civil War changed that conception. In 1862 the Homestead Act was passed by Congress. In 1869 the first transcontinental railroad was completed, and in 1873 barbed-wire fencing was introduced. Coupled with improvements in dry farming and irrigation and the confinement of American Indians to reservations, the Great American Desert grew steadily in population.

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6 0
2 years ago
Chang Co. issued a $50,000, 120-day, discounted note to Guarantee Bank. The discount rate is 6%. Assuming a 360-day year, the ca
notka56 [123]

Answer:

c. $49,000

Explanation:

Calculation to determine what the cash proceeds to Chang Co. are:

Cash proceed=$50,000-($50,000*6%*120/360)

Cash proceed=$50,000-$1,000

Cash proceed=$49,000

Therefore the cash proceeds to Chang Co. are:$49,000

7 0
3 years ago
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