Answer:
the cost basis recorded to recognize this purchase is $119,884
Explanation:
The computation of the cost basis recorded to recognize this purchase is shown below:
= Acquired property in cash + note payable + mortgage
= $34,148 + $27,610 + $58,126
= $119,884
Hence, the cost basis recorded to recognize this purchase is $119,884
Economies of Large Scale 2. Facilitate Distribution of Goods 3. Warehousing and Marketing 4. Financial Assistance 5. Risk Bearer 6. Forecasting of Demand 7. Regulate Production 8. Stabilisation of Prices
9. Connecting Link 10. Transportation 11. Provides Market Information 12. Price Stability 13. Risk Bearing 14. Marketing Functions 15. Promotion of Goods 16. Demand Analysis and Forecasting 17. Help in Sales Organization
Answer:
Read the explanation below.
Explanation:
A. Luxury yatch: Not a lot of people buy Yactchs, but a lot of businesses are capable of making them. So more or less the buyer is in position to dictate terms. And asking the buyer to open a letter of credit may result in the loss of sale.
But to protect against the risk of losing payment, the seller can opt for export credit insurance. Here on advantage of export credit insurance is the exporter is more likely to make the sale in a competitive market such as this. If there is a default, the insurance should cushion the blow. However, Canada and California are not known for opaque or radically different legal systems, are not far away, and do not have linguistic or other barriers. In the event of default, the yatch is likely to be returned.
b. Machine tools. Again, one advantage is that the new yorker exporter is more likely to make the sale. The exporter's position however is strong due to the fact not lot of people make machine tools as the are hard to make and have a higher fixed costs.
Thus, letter credit is the most viable option in this case.
The law for making improvements in the streets where the local government hires a contractor and each of the owners pays the cost of improvement in proportionate share is called the Street Improvement Act.
<h3>What is meant by streets?</h3>
Streets are the local surroundings of the state in which the people are living and are managed by the municipal government.
- The Street Improvement Act was passed in the year 1911 which concerns making improvements in the streets by the local government.
- A contractor is being hired by the government for this in which the cost of the improvement is paid by the owners.
- The cost can be paid by the owners either within the time span of thirty days or if not paid by them, then the bonds have been sold by the government to reimburse the contractor.
Therefore, the provided law relates to the act passed in the year 1911 being called The Street Improvement Act.
Learn more about the local government in the related link:
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Answer:
$200 million
Explanation:
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = amount deposited /required reserve requirement
Required reserve requirement is the percentage of deposits required of banks to keep as reserves by the central bank
$40 million / 0.2 = $200 million