Answer:
D. $460,500
Explanation:
Given that
Cost of parcel of land = 450000
Legal fees = 3000
Broker's fees = 7500
Therefore,
Amount recorded as cost of parcel of land is
Cost of parcel of land + legal fees + brokers fee
= 450000 + 3000 + 7500
= $460,500
When purchasing land, fees like commissions, legal fees, bank fees, title fees and other expenses added before the land can be used are considered as part of the land's cost. Hence the answer.
Answer:
B) If the IAR receives authority via telephone and this is followed by written authority within 10 days, the IAR may exercise discretion over the account.
Explanation:
The members of the North American Securities Administrators Association (NASAA) must follow their Model Rule which allows IAR the use of discretionary authority with verbal authorization (in this case a telephone call), but the verbal authorization must be confirmed by a written authorization within 10 days.
c. when the price of a good decreases, sellers produce less of the good.
According to the law of supply, an increase in price results in an increase in quantity supplied. This means that there is a direct relationship between price and quantity: Thus, when price of a good falls, sellers produce less
One of the reasons for the rapid rise in the value of the us dollar between 1980 and 1985 in due to commercial exchange with industrialized countries with political stability in other parts of the world, commercial relations with 10 countries of the organisation for economic co-operation and development and switzerland helped dollar raised 79% between 1980 and 1985.
Answer:
The correct answer is $3.12 and $888.42.
Explanation:
According to the scenario, the given data are as follows:
Beginning balance = $885.30
cash payment = $50
Face value of bond = $1,000
Interest rate = 6%
We can calculate the amortization amount by using following formula:
Amortization amount = Interest expense - cash payment
Where, Interest expense = Beginning balance × interest rate
= 885.30 x 6%
= $53.12
By putting the value, we get
Amortization amount = 53.12 - 50
= $3.12
And, Ending balance of bond = Beginning balance of bond + Amortization amount
= 855.30 + 3.12
= $888.42
