Answer:
The cost of land to be reported is $174,750
Explanation:
The cost of land reported in the Balance sheet does not only include the price paid to acquire the Land but also include any costs/revenue received in the processes, activities needed to bring the land to the stage in which it may be ready for usage.
Thus, besides the price paid which is $140,000 ( $90,000 cash and $50,000 short-term note), we have to add-up all the relevant costs including Legal fees, delinquent taxes, Removal of old building expenses and deduct the material salvaged gain from demolition of old building. The construction cost of new warehouse is irrelevant here as without this cost, the Land is already in a ready-to-use stage ( i.e: for building new property in the Land)
So, the amount of Cost of Land to be reported is : 140K + 1,75K + 25K + 9K - 1K = $174,750
Answer:
Raw materials purchases cost for May 10,160
Explanation:
May production
sales 2,470
ending 2,130
beginning <u> (2,200) </u>(ending of April)
<em>units to be produced 2,400</em>
Raw material budget
production needs 2,400
desired ending inventory
2,600 x 70% = 1,820
beginning inventory
may production x 70%
2,4000 x 70% = (1,680)
total raw materials purchase 2,540
It will puchase raw materials for 2,540 units. Each units require $4 of raw materials.
total cost for raw materials:
2,540 x $4 = 10,160
Answer:
The answer is: A) affects the amount of cash interest the borrower pays each year
Explanation:
The market interest rate is the rate that investors demand to earn for lending their money. It affects the interest rate of every type of loan (including the stated interest rate of bonds, car loans, credit cards, etc.) because when it increases (because investors want to earn more money), the general level of interest rate for loans also increases.
Answer:
See the explanation below.
Explanation:
Magic Realm, Inc. Contribution Income Statement for last year
Details Total ($) Per Unit ($)
Sales revenue (47,500 × $67) 3,182,500 67
Variable cost (47,500 × $47) <u>(2,232,500)</u> <u>(47)</u>
Contribution 950,000 20
Fixed expenses <u>(855,000)</u>
Net operating expenses <u>95,000</u>
Answer: Social media campaign
Explanation:
For a business whose objective is trading of a mechanical product called a pump, one of the best way to promote the business to reach goals is through social media campaign. Social media campaign is the use of social media platforms to promote a brand or business with it's services and amazing contents that would make the target market buy the goods.
