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frozen [14]
3 years ago
7

Desert Company purchased land to be used as a factory site for $1,250,000. Desert paid $120,000 to tear down two buildings on th

e land. Salvage was sold for $8,000. Legal fees of $5,220 were paid for title investigation and making the land purchase. Architect’s fees were $46,800. Title insurance cost $3,600 and liability insurance during construction cost $3,900. Excavation cost $15,660. The contractor was paid $4,200,000. Landscaping cost $9,600. Interest costs during construction were $255,000.
The cost of the building that should be recorded by Wilson Co. is:_________
Business
1 answer:
saveliy_v [14]3 years ago
3 0

Answer:

$4,269,950

Explanation:

The Cost of an asset include Purchase Cost and other costs directly incurred to put the asset in the location and condition intended for use by management.

Calculation of Cost of the Building :

Architect’s fees             $46,800

Insurance                         $3,600

liability insurance            $3,900

Excavation                     $15,660

Contractor                $4,200,000

Total                          $4,269,950

Therefore,

The cost of the building that should be recorded by Wilson Co. is $4,269,950

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Firms operating in industries where economies of scale are common will likely see ________ levels of labor productivity from the
kiruha [24]

Answer:

The correct word for the blank space is: higher.

Explanation:

Economies of Scale is a key concept for any business in any industry. It is also important for consumers trying to understand why smaller businesses may have to charge more for similar products made by larger companies. Overall, economies of scale mean <em>that production becomes more efficient as the number of goods being produced increases</em>.

6 0
3 years ago
In the context of green marketing, ________ provides strong incentives for redesigning products in ways that make it easier to r
r-ruslan [8.4K]

Answer:

Take-back legislation

Explanation:

In the context of green marketing, take-back legislation provides strong incentives for redesigning products in ways that make it easier to reuse and recycle.

I hope it helps! Have a fantastic day!

Bored~

5 0
2 years ago
Ari is currently consuming 10 hot dogs and 8 hamburgers per week. The last hot dog she consumed yielded 20 utils while the last
katen-ka-za [31]

Answer:

Yes, there is no need to change the eatings habits

Explanation:

Ari will maximize utility until

MU / P for both is equal in order to be at equilibrium

So, in this case,

For Hot dogs

= MU / P

where

MU is marginal utils, which is 20

P is Price, which is $2

So,

= 20 / $2

= 10

For Hamburgers

= MU / P

where

MU is marginal utils, which is 25

P is Price, which is $2.5

So,

= 25 / $2.5

= 10

Therefore, MU / P for hot dog = MU / P for Hamburger

Hence, there is not need to change the eatings habits.

6 0
2 years ago
Part i51 is used in one of pries corporation's products. the company makes 18,000 units of this part each year. the company's ac
Andrews [41]

<span>If Part i51 is used in one of pries corporation's products and the company makes 18,000 units of this part each year, then the company's accounting department reports the following costs of producing the part at this level of activity that an outside supplier created an offer to produce and create a selling process to the company.</span>

4 0
2 years ago
If a quota license is awarded to a domestic firm without an auction, it may generate bribes or lobbying spending to earn this re
Natasha2012 [34]

Answer:

c) wasteful rent-seeking

Explanation:

Rent-seeking is an economic activity that does not add any value, and it often includes lobbying and spending resources of your own company. This is a common practice when companies cannot find another feasible revenue stream, so they manipulate the distribution of various resources to gain wealth. This way, no value is created.

6 0
3 years ago
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