Answer:
Land = $ 61,950
Building = $ 227,150
Equipment = $ 82,600
Explanation:
Given the following fair values
Land = $ 70,800
Building = $259,600
Equipment = $ 94,400
Total cost (based on fair value) = 70,800 + 259,600 + 94,400
= $ 424,800
Cash payment given = $ 371,700
Using the proportion system to allocate the cost,
Cost of land = 
× 371700
= $ 61,950
Cost of building = 
× 371700
= $ 227,150
Cost of Equipment = 
× 371700
= $ 82,600
Therefore, the amounts to be recorded in the books for land, building and equipment are $ 61,950, $ 227,150 and $ 82,600 respectively.
A text message . A text message is not formal , or professional .
Answer:
more intense the competitive pressures posed by substitute products.
Explanation:
The lower the user's switching costs: the more intense the competitive pressures posed by substitute products.
Switching costs can be defined as the cost of a consumer switching from a product to a substitute good.
Therefore when such switching costs are low, it will be easier to switch from one product to another, implying that the competitive pressure from substitute goods are higher.
Answer:
Bump clause
Explanation:
A bum clause is a clause that is used in real state transactions that allows the sellers to get into a contract with a buyer while allowing them to maintain the property in the market and if they get another offer, they have the right to take it. This is generally used when buyers include conditions like selling their home first to allow the seller to keep looking for another opportunity.
According to this, the answer is that the type of clause that enables a seller to keep a property on the market after receiving a contingent offer, and to accept an offer from a second buyer is a bump clause.
