1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
JulsSmile [24]
3 years ago
7

Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $450,000. In addition to the purchase price, FVI makes the followi

ng expenditures related to the acquisition: broker's commission, $25,000; title insurance, $1,500; and miscellaneous closing costs, $5,200. The warehouse is immediately demolished at a cost of $25,000 in anticipation of building a new warehouse. Determine the amount FVI should record as the cost of the land
Business
1 answer:
NNADVOKAT [17]3 years ago
5 0

Answer:

$506,700

Explanation:

Calculation to determine the amount FVI should record as the cost of the land

Purchases land and a warehouse for $450,000

Add Commission $25,000

Add Title insurance $1,500

Add Miscellaneous closing costs $5,200

Add Demolished cost $25,000

Cost of the land $506,700

Therefore the amount FVI should record as the cost of the land is $506,700

You might be interested in
Killua<br> gon :))))) hehe
MaRussiya [10]
Can someone tell me what anime is... I have no clue what it is
5 0
3 years ago
Read 2 more answers
Arlene knows it is important to approach business buyers at the right time, often during the first stage of their buying process
dem82 [27]

Arlene knows it is important to approach business buyers at the right time, which is often during the first stage of their buying process.

She stays in touch with her customers, hoping to find out when they are going through: need recognition.

Business buyers

A potential buyer of a business could be an individual, a group of individuals, an institutional investor, a business operating in your sector or one closely related to it, or even a rival firm. Each of them has unique traits, aspirations, workflows, and financial capacities.

To learn more about Business buyers

brainly.com/question/5295378

#SPJ4

5 0
2 years ago
If the administrator prohibits investment advisers in that state from taking custody of customer funds or securities, then the i
Ket [755]

The investment adviser would not be permitted to accept securities from a customer that are registered in customer name if administrator prohibit him from taking custody of customer, as per Securities and Exchange Commission.

As per the Securities and Exchange Commission, The Commission has amended the custody rule in accordance with the Investment Advisers Act of 1940. The amendments modernize the rule by bringing it in line with modern custodial practices and requiring advisers who have custody of client funds or securities to keep those assets in the custody of broker-dealers, banks, or other qualified custodians. The amended rule also defines "custody" and illustrates situations in which an adviser has custody of client funds or securities. The amendments are intended to improve client asset protection while reducing the burden on advisers who have custody of client asset.

Learn more about Securities and Exchange Commission here:

brainly.com/question/28066418

#SPJ4

8 0
2 years ago
What are some of the ethical concerns that come to mind for companies seeking to sell to the bottom of the pyramid?
lions [1.4K]

Explanation:

There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.

There are other ethical concerns which are related to advertising and  misrepresentation of their products and their services.

These companies understands the characteristics of the advertising and potential dangers that are related to their product.

5 0
3 years ago
Congress would like to increase tax revenues by 17 percent. assume that the average taxpayer in the united states earns $52,000
Vadim26 [7]

Calculation of average tax rate that will result in a 17 percent increase in tax revenues:


Currently, the average taxpayer in the united states earns $52,000 and pays an average tax rate of 20 percent, so the average tax revenue is 52000*20% = $10,400

If Congress wants to increase tax revenues by 17 percent, then the average tax revenue shall be 10400+(10400*17%) = $12,168


Hence average tax rate that will result in a 17 percent increase in tax revenues shall be = 12168 / 52000 = 0.234 = <u>23.40%</u>






3 0
4 years ago
Other questions:
  • If a firm applies its overall cost of capital to all its proposed projects, then the divisions within the firm will tend to ____
    13·1 answer
  • Four-month-old baby oscar is a participant in a preferential-looking experiment. researchers show oscar two photos, one of which
    9·1 answer
  • While similar in some respects, the key difference between panel data and pooled cross-sectional data is that panel data consist
    8·1 answer
  • K Company estimates that overhead costs for the next year will be $2,970,000 for indirect labor and $990,000 for factory utiliti
    13·1 answer
  • When reconciling or balancing your checking account, which of the following correctly describes the math?
    13·1 answer
  • The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the q
    9·1 answer
  • Suppose there are only two producers of aircraft in the world, AirCraft in the United States and AirEurope in the European Union
    14·1 answer
  • Gus decides to park his canmper in an empty overgrown lot and connects wires from his camper to an electric pole to obtain elect
    9·2 answers
  • HOW CAN COMMUNICATION AFFECT A COMPANY'S PUBLIC IMAGE?
    9·2 answers
  • Trader joe’s differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. This
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!