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
MariettaO [177]
4 years ago
7

On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $90,000 and giving a short-term note for

$50,000. Legal fees paid were $1,750, delinquent taxes assumed were $25,000, and fees paid to remove an old building from the land were $9,000. Materials salvaged from the demolition of the building were sold for $1,000. A contractor was paid $415,000 to construct a new warehouse.
Required:
Determine the cost of the land to be reported on the balance sheet.
Business
1 answer:
ra1l [238]4 years ago
3 0
What even wha she shares :) wdo six wicbw
You might be interested in
Cad Cream Inc, an ice cream company, has collaborated with Bite Snack Inc, a food manufacturing company, to come up with a third
tangare [24]

Answer:

A) Joint Venture

Explanation:

Based on the scenario being described within the question it can be said that in this context, Cream Bite Inc. is a Joint Venture. This is a business term that refers to an arrangement between two parties in which both combine their resources in order to meet an agreed upon goal in a more efficient manner and in a much smaller time-frame than if they were to do it separately.

5 0
3 years ago
Read 2 more answers
Paxton Company can produce a component of its product that incurs the following costs per unit: direct materials, $9.10; direct
Ghella [55]

Answer:

$0 cost or savings per unit

Explanation:

Cost to Buy

Purchase Price       $31.40

and,

Costs to Make

Direct materials        $9.10

Direct labor              $13.10

Variable overhead   $2.10

Fixed Overheads     $7.10

Total                        $31.40

therefore

The net incremental cost or savings of buying the component is $0 cost or savings per unit

5 0
3 years ago
The premise of sociobiology with regard to humans is that:
Anarel [89]
The belief that human behavior, as well as nonhuman animal behavior, can be partly explained as the outcome of natural selection
6 0
3 years ago
Can someone help me and help me match these words to the correct picture
RUDIKE [14]
The telephone box and the other two about calls go to the bottom picture and the rest the top i would say
3 0
3 years ago
Which of the following reasons does not contribute to a higher level of unemployment?
Mandarinka [93]
Hi there!

The answer is A) A lack of labor mobility as people choose to remain in their hometown. 

Unemployment is a complex issue, here are the reasons why the other options increase unemployment:

-Reduction in Union bargaining activities would increase unemployment because employers wouldn't have as many restrictions to reduce their workforce. 

-Reduction in economic activity due to a recession would increase unemployment as the demand for products, and for workers too, will decrease.

-The existence of efficiency wages causes unemployment because the demand for labor will decrease, as employees get more and more efficient. 

<span>A lack of labor mobility as people choose to remain in their hometown will not contribute to a higher level of unemployment. Instead, labor mobility can increase unemployment because there would be an oversupply of labor in a specific region. </span>
7 0
3 years ago
Other questions:
  • Suppose nanospeck, a biotechnology firm, is selling bonds to raise money for a new lab—a practice known as
    13·1 answer
  • Which of the following types of accounts have a normal credit balance? a.Capital and drawing b.Assets and liabilities c.Revenues
    13·1 answer
  • At September 1, 2017, Five-O Inc. reported retained earnings of $136,000. During the month, Five-O generated revenues of $20,000
    8·1 answer
  • For its top managers, Goldberg Industries formats its income statement as follows: GoldBerg Industries Contribution Margin Incom
    11·1 answer
  • The wrist watch industry in a country is not very competitive. There are limited brands available and the existing firms use the
    13·1 answer
  • Define mortgage- backed securities.​
    13·2 answers
  • Which document gives Congress the power to lay and collect taxes?
    9·1 answer
  • Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $110,000 and fair market value of $165,000). Simon i
    9·1 answer
  • Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at
    9·1 answer
  • The Weston Corporation is analyzing projects A, B, and C as possible investment opportunities. Each of these projects has a usef
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!