Answer:
The amount recorded in the Land account is $61,200
Explanation:
The cost of acquisition/purchase of a landed asset includes all the normal, reasonable and necessary costs incurred in obtaining the land and getting it ready for use. These cost includes the price of the land, the legal fees, title fees, taxes, excavation costs etc. On the other hand, cost of improvements on the land are recorded on improvement on asset accounts, where depreciation is put in consideration when computing cost. This is separate from acquisition cost because, there is no depreciation on a land. The cost is calculated as follows:
purchase price = $ 45,000
broker's fees = $ 8,000
accrued taxes = $ 2,000
demolition = $ 2,700
grading = $ 1,500
excavation = $ 2,000
Total = $ 61,200
Answer:
Following are the suggestions to solve unemployment problem:
(i) Change in industrial technique:
(ii) Policy regarding seasonal unemployment:
(iii) Change in education system:
(iv) Expansion of Employment exchanges:
(v) More assistance to self employed people:
(vi) Full and more productive employment
Explanation:
Answer: Independence
Explanation: Independence can be explained as a state of existence where one's personal decisions, actions or steps does not hinge on another person's approval or acceptance. It could be seen as a state of autonomy where one can personally decide and actions one feels is best for a certain process at a particular time.
As a business owner, one thinks and acts based on one's personal volition of what is best for his or her business without having to sit and discuss with a group of individual's who may habiur different perceptions or scope. This freedom is usually enjoyed by small business owners rather than large groups of companies or corporations.
Answer:
The correct answer is option a.
Explanation:
The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.
A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.
So, option a is the correct answer.
