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
Nostrana [21]
3 years ago
13

Burke Company purchases land for $100,000 cash. Burke assumes $2,500 in delinquent property taxes due on the land as part of the

purchase. The title and attorney fees totaled $1,000. Burke has the land graded for $2,200. They paid $10,000 for paving of a parking lot. What amount does Burke record as the cost for the land
Business
1 answer:
Natali [406]3 years ago
8 0

Answer: $105700

Explanation:

The amount that'll be paid as the cost of the land will be calculated as:

Land purchase = $100,000

Add: Property tax = $2500

Add: Fees = $1000

Add: Grading = $2200

Total = $105700

Therefore, the amount that'll be paid as the cost of the land will be $105700

You might be interested in
When the demand for smartphones increased in Preteresia, a country in Eastern Europe, the smartphone manufacturers started impor
Elan Coil [88]

Based on the actions of Preteresia , we can infer that this scenario best describes <u>Global Convergence</u>.

<h3>What is Global Convergence?</h3>
  • It refers to the current trend of various dimensions of the human life being integrated across nations.
  • Describes the integration of dimensions such as business, culture, the economy, and political policy across nations.

Preteresia in helping Abresia build those facilities, is engaging in global convergence because the industries in both countries are being integrated to allow for more efficient smartphone manufacturing.

In conclusion, this is global convergence.

Find out more on the effects of global convergence at brainly.com/question/18077255.

7 0
2 years ago
What is the difference between the value of a​ firm's final product and the value added by the firm to the final​ product?
sweet [91]

Answer:

The value of a firm's final product is the selling price whereas value added refers to the addition of value to the raw material (intermediate products).

Explanation:

The term "value added" describes the enhancement a company gives to its product before offering it to the customer. It can be considered as an extra special feature added by a company to increase the value of a final product.

3 0
3 years ago
The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe
abruzzese [7]

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

  • $31,956 - $25,876 = $6,080

High school graduate vs. some college or Associate's degree:

  • $38,125 - 31,956 = $6169

Some college or Associate's degree vs. Bachelor's degree:

  • $56,344 - $38,125 = $18,219

Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

4 0
2 years ago
Waterway Co. purchased land as a factory site for $536,000. The process of tearing down two old buildings on the site and constr
geniusboy [140]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
5 0
3 years ago
Zouar Computer Corporation currently manufactures the disk drives that it uses in its computers. The costs to produce 5,000 of t
iogann1982 [59]

Answer:

Net profit $15,000  

Explanation:

Total Cost Saving and Benefit of Buying outside  

Total Cost Other than fixed cost               $95,000  

($12 + $2 + $5) × 5,000    

Fixed cost                                                     $15,000

($3 × 5,000)

Additional income                                        $40,000  

Total saving                                                 $1,50,000  

Cost Of buying                                             $1,35,000  

($27 × 5,000)    

Net Benefit                                                   $15,000

($150,000 - $135,000)

6 0
4 years ago
Other questions:
  • The challenge in process layouts is to arrange resources to maximize __________ and minimize ___________.
    11·1 answer
  • Benefits can represent more than ______ of the employer's total payroll costs. a. 28 percent b. 7 percent c. 66 percent d. 12 pe
    13·1 answer
  • Which of the following best describes the unit price of an 8-ounce bag of walnuts? It is the number of ounces that can be bought
    9·2 answers
  • How much does the United States spend on clothes each day?
    7·1 answer
  • Sunland Company purchases $50,400 of raw materials on account, and it incurs $61,300 of factory labor costs. Journalize the two
    12·1 answer
  • Vulcan Materials stock price soared in the days following the election of President Trump. Vulcan's products, such as asphalt an
    5·1 answer
  • The marginal productivity theory of resource demand suggests that those resources whose productivity levels are high will end up
    5·1 answer
  • The selling price of imported olive oil is $20 per case. Your cost is 15 Euros per case, and the exchange rate is currently 1.25
    14·1 answer
  • In 30 words or fewer, explain why it is important to write your personal information on an application.
    6·1 answer
  • AutoZone and O'Reilly are two competitors in the retail automotive parts industry.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!