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
kramer
3 years ago
8

Shidan Apartments purchased an apartment building to rent to university students on November 18, 2017. The following costs were

incurred during 2017, before the tenants moved in: Purchase price of the building $220,000 Purchase price of the land 100,000 Transfer taxes 10,000 Interest incurred on the mortgage loan to purchase 4,000 Attorney and real estate agent's fees 15,000 Repave the parking lot 6,000 How much will Shidan Apartments record as an asset
Business
1 answer:
Masteriza [31]3 years ago
3 0

Answer:

$351,000

Explanation:

The computation of the amount of an asset is as follows;

Purchase price of the building $220,000

Purchase price of the land $100,000

Transfer taxes $10,000

Attorney and real estate agent's fees $15,000

Repave the parking lot $6,000

Cost of apartment $351,000

hence, the cost of an apartment is $351,000

You might be interested in
As a member of a team project at​ school, you are meeting with your teammates to determine what tasks are required to complete t
grigory [225]
To keep the team on​ schedule, you propose that members use a​ LOG so the project will be completed on time.
4 0
3 years ago
What will affect the amount of net pay you earn on your paycheck
photoshop1234 [79]
How much taxes they take off
8 0
3 years ago
Problem 14-04 Stock Repurchase A firm has 5 million shares outstanding with a market price of $15 per share. The firm has $15 mi
Charra [1.4K]

Answer:

$60 million

Explanation:

The computation of the value of operations after the repurchase is shown below:-

Total corporate value = Value of operation + marketable securities

(5 × $15 million) = Value of operation + $15  million

$75 million = Value of operation + $15  million

Value of operation = $75 million - $15  million

= $60 million

We simply applied the above formula so that the firm's value of operations after the repurchase could come

5 0
3 years ago
Why is it so important that managers, and people in general, should act ethically and temper their pursuit of self-interest by c
kari74 [83]

Explanation:

A leader has an essential role in an organization, through his conduct his subordinates are encouraged, motivated and can become more or less productive.

Therefore, ethical conduct is essential for managers and all people who make up an organization, as ethics and behaviors for the benefit of the community will make the work environment more positive and an organizational culture focused on development, good attitudes and collaboration, essential elements for the creation of value in an organization, for the good positioning in the internal and external environment and for the motivation and satisfaction of the employees.

5 0
3 years ago
Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insuffici
leonid [27]

Answer:

Future Value= $158,475.64

Explanation:

Giving the following information:

He saves $500 per month for 15 years and earns 7% by investing in the stock market through an index fund.

I assume we have to determine the value of the investment at the time of retirement.

<u>We need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit= 500

n= 15*12= 180

i= 0.07/12= 0.005833

FV= {500*[(1.005833^180) - 1]} / 0.006833

FV= $158,475.64

4 0
3 years ago
Other questions:
  • Edwin Pritchard deposited 7,500 in a 3 - year, time - deposit account that pays simple interests at a 5.9% annual rate. What tot
    6·1 answer
  • Name one of the three functions of money.
    8·1 answer
  • A letter of intent is a type of mini-proposal. Which type of letter is often included at the beginning of a technical report
    15·1 answer
  • Because sam cooke struggled to find success, he formed his own publishing company in an attempt to get his songs known by the pu
    12·1 answer
  • Suppose business decision makers become more optimistic about the future and, as a result, increase their investment spending by
    13·1 answer
  • Embezzlement, forgery and false swearing are examples of which of the following?
    11·1 answer
  • Beginning inventory amounted to 1,000 units. This period, 4,200 units were started and completed. At the end of the period, the
    6·1 answer
  • PART TWO OF THREE
    5·1 answer
  • What is the distinguishing feature of a market structure with monopolistic competition?
    15·1 answer
  • Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they h
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!