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Fudgin [204]
2 years ago
12

Vijay Inc. purchased a three-acre tract of land for a building site for $350,000. On the land was a building with an appraised v

alue of $118,000. The company demolished the old building at a cost of $11,700, but was able to sell scrap from the building for $1,610. The cost of title insurance was $810 and attorney fees for reviewing the contract were $540. Property taxes paid were $3,000, of which $350 covered the period subsequent to the purchase date. The capitalized cost of the land is:________.
a) $365,700.
b) $364,090.
c) $366,050.
d) $233,160.
Business
1 answer:
alexandr402 [8]2 years ago
3 0

Answer: b) $364,090

Explanation:

The Capitalized cost of the land would be the costs incurred to acquire the land and to set it up.

Capitalized cost = Purchase price + demolition of old building + title insurance + attorney fees + property taxes(for period since purchase) - scrap value

= 350,000 + 11,700 + 810 + 540 + (3,000 - 350) - 1,610

= $364,090

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He is trying to analyze the Gizell's Product life cycle

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In this case, David is scrutinizes the sales records of Gizell and the profits which garmers from its sales. He is trying to analyze the product life cycle.

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Suppose the tax rate on the first​ $10,000 income is 0​ percent; 10 percent on the next​ $20,000; 20 percent on the next​ $20,00
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Family A: </span><span>
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total income $40,000: this includes $10,000 at 0%, $20,000 at 10% (tax of $2,000), and $10,000 at 20% (tax of $2,000). The last rate paid is 20% so that is the marginal rate; the total tax paid is $4,000, divide that by $40,000 total income, that is the average rate. </span><span>

Family B: </span><span>
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total income $100,000: this includes $10,000 at 0%, $20,000 at 10% (tax of $2,000), $20,000 at 20% (tax of $4,000), $30,000 at 30% (tax of $9,000), and $20,000 at 40% (tax of $8,000). The last rate paid is 40% so that is the marginal rate; the total tax paid is $23,000, divide that by $100,000 total income, that is the average rate.</span>
5 0
4 years ago
Jorge is a manager at Starbucks. His operational plan includes achieving annual sales of $4,000,000 for his store. With only one
sergey [27]

Answer:

He must consider promotions to achieve higher sales to achieve the targets. To do this he must assess whether his branch is able to handle this increased sales and that promotional cost doesn't outweighs the benefits arising from the increased sales. Jorge must also polish the sales team's behaviour with the customer and must provide its customers with a pleasant environment which increases the appetite of their customers.

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3 years ago
When launching a new venture, finding a way to begin doing business must ______________ generate cash flow, build credibility, a
dsp73

Answer: evaluate

Explanation:

7 0
3 years ago
Woodruff Inc. offers you a project that will pay you $17,000/year. If the cost of this project is $100,000, and the discount rat
otez555 [7]

Answer:

The length of time = 12 years

Explanation:

<em>The number of years the case would be determines the length time it takes the present value of  annuity of 17,000 to equate the initial cost </em>

Initial cost = A× (1- (1+r)^(-n)/r =

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The number of years is approximately 12 years

The length of time = 12 years

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