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Gekata [30.6K]
3 years ago
9

Determine Cost of Land Four Corners Delivery Company acquired an adjacent lot to construct a new warehouse, paying $32,000 and g

iving a short-term note for $282,000. Legal fees paid were $2,465, delinquent taxes assumed were $11,800, and fees paid to remove an old building from the land were $20,000. Materials salvaged from the demolition of the building were sold for $4,700. A contractor was paid $954,600 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet.
Business
1 answer:
ratelena [41]3 years ago
8 0

Answer: $343565

Explanation:

The cost of the land to be reported on the balance sheet goes thus:

Initial cost of land = $32000 + $282000 = $314000

Add: Legal fee = $2465

Add: Deliquescent charges = $11800

Add: Building demolition = $20000

Total = $348265

Less: Material savaged = $4700

Cost of land = $343565

The cost of the land is $343565

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Allushta [10]

Answer:

This question is incomplete, it misses the options. The optiones are the following:

A. Which countries in the world have French as their first language? B. How much will it cost to train for this career choice? C. Which language other than French is beneficial to learn? D. Is translation a career that many people respect?

And the correct answer is the option B: how much will it cost to train for this career choice?

Explanation:

To begin with, the fact that the second question is the one that will best help him in order to think critically about his career choice is that because he needs to now how much will he need in order to learn that career and if the costs will be worth it in the case of choosing it and for that he will need to compare the costs with the approximates benefits that he will have in the future. That is why, Chen needs to questions himself if the costs will be worth it.

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3 years ago
Do small changes in the assumptions pertaining to the estimation of the terminal value have a significant impact on the calculat
IgorC [24]

Answer:

Yes, small changes in the assumptions pertaining to the estimation of the terminal value have a significant impact on the calculation of the total value of the target firm.

Explanation:

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Accurately projecting the future cash flow can be a doubting task and can result in a degree of uncertainty built into estimate.

Small changes in the assumptions pertaining to the estimation of the terminal value have a significant impact on the calculation of the total value of the target firm. This is because, it is these small changes in the stable growth rate can change the terminal value significantly and the effect gets larger as the growth rate approaches the rate used in the estimation of the total value of the target firm.

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3 years ago
What is a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain produ
Vlad [161]
The right answer for the question that is being asked and shown above is that: "a cooperative a nonprofit organization." a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area called <span>a cooperative a nonprofit organization</span>
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Read 2 more answers
Abbe Co. is a small merchandising company with a manual accounting system. An investigation revealed that in spite of a sufficie
lisov135 [29]

Answer:

1. FALSE

2.TRUE

3. TRUE

4.TRUE

Explanation:

1. It is FALSE which means each voucher should NOT be approved for payment by a designated official before verifying price, quantities, and terms because it would not reduce the chances of losing cash discount .

2. It is TRUE which means each voucher should tend to be filed by the day which will be the last day of the discount period or the due date if the invoice is not subject to a cash discount because if the voucher is filed at last day, there will be chance of losing it.

3. It is TRUE which means each day, the vouchers should be removed from the appropriate section of the file and checks issued by the disbursing official because yhis will also tend to lead to losing the cash discount for payment to the vendor.

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8 0
2 years ago
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y
pashok25 [27]

Answer:

Unter Corporation

1. The payback period of the investment is:

= 5 years.

2. No. The payback period would not be affected if the cash inflow in the last year were several times as large.  The payback period was reached in the 5th year, which is half-way before the last year. As it stands, no cash inflows after the 5th year will have any impact on the payback period.

Explanation:

a) Data and Calculations:

Cash flows:

Year  Investment  Cash Inflow Cumulative inflow

1       $ 42,000           $ 3,000        $3,000

2           5,000           $ 6,000          9,000

3                               $ 12,000        21,000

4                               $ 14,000       35,000

5                              $ 16,000        51,000

6                              $ 15,000        

7                              $ 13,000  

8                              $ 11,000

9                             $ 10,000

10                           $ 10,000

Total  $47,000      $110,000

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2 years ago
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