sherman corporation purchases land for $100,000. sherman incurs the following costs associated with the land acquisition: property taxes for current year $3,000 cost of removing old building 7,000 title insurance 1,000 cost of grading 4,000 delinquent property taxes 2,000 what is the cost that sherman should capitalize in the cost of land?

Answers

Answer 1

The cost that Sherman should capitalize in the cost of land is equal to $115,000.

To determine the cost that Sherman should capitalize in the cost of land, we need to add all the costs that are necessary to get the land ready for its intended use. In this case, those costs are:

Purchase price: $100,000

Property taxes for the current year: $3,000

Cost of removing old building: $7,000

Title insurance: $1,000

Cost of grading: $4,000

We should not include the delinquent property taxes of $2,000 as they are not necessary to get the land ready for its intended use.

Therefore, the cost that Sherman should capitalize in the cost of land is:

$100,000 + $3,000 + $7,000 + $1,000 + $4,000 = $115,000

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Related Questions

George wants to advertise online, but his profit margins are tight. He's worried the spend won't provide the income he needs. How can Smart Shopping campaigns help George get the results he needs

Answers

Answer:

Explanation:

Smart Shopping campaigns would allow George to get the best results by placing his ads in front of the people that are the most likely to purchase his product. Using such a campaign, George can set his own budget and the system analyzes his product details. Then the system places his ads strategically in the places where individual's are searching for that exact product or a product with very similar details, thus drastically increasing the chances of those viewers clicking on the ad and making a purchase.

Which of the following is NOT an example of a job skill?
A. attending work every day
B. being good with computers
C. being creative
D. working well in groups

Answers

Answer:

attending work everyday

Explanation:

Its not a skill its a priority.

Some examples of a job skill are being good with computers, being creative or working well with a team but attending work every day is not a skill. Therefore a is correct here.

Why do job skills matter?

Job skills are important because they are those collections of skills that can help a person to complete a work. There are various kinds of work skills such as workplace skills, technical skills, transferable skills etc.

Workplace skills are those personal skills that ensure that we do our job well, for instance, teamwork. Technical skills are those skills that are required for a specific job such as coding. And transferable skills are those skills which we take from one job to another.

Some of the skills required are communication, change management, professional development, storytelling, planning, influencing, decision-making, problem-solving, and human resources.

Job seekers should always be ready to learn new skills because employers prefer such employees.

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Which of the following is best thought of as a type of learned optimism in successful entrepreneurs?
A.
Apathy
B.
Professionalization
C.
Perseverance
D.
Cognition

Answers

Perseverance is best thought of as a type of learned optimism in successful entrepreneurs. According to Martin Seligman, one of the fathers of positive psychology, optimistic people possess certain attributes that enable them to overcome difficult obstacles in their lives.

Learned optimism is the idea that people can learn to be optimistic by changing their thinking patterns and behaviours.

In successful entrepreneurs, perseverance is the most important quality. Perseverance refers to the ability to keep going despite setbacks, challenges, and obstacles. It is the quality that allows entrepreneurs to succeed even when they face difficult situations.

Entrepreneurs who are perseverant tend to be optimistic because they believe that they can overcome any obstacle they face. They learn from their failures and use that knowledge to improve their businesses. Thus, perseverance is best thought of as a type of learned optimism in successful entrepreneurs.

In conclusion, perseverance is an essential trait that allows entrepreneurs to succeed in the face of obstacles, and it is also an indicator of optimism.

Therefore, option C, Perseverance, is the correct answer to the given question.

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markets, viewed from the perspective of the supply and demand model,

Answers

From the standpoint of the demand and supply model, markets are seen as having a large number of buyers and sellers of a standardised good.

What supply means in economics?

The total amount of a specific product or service something a provider makes accessible to clients at a specific time and price is described to as supply in economics. Usually, it is decided by market action.

What is supply and example?

The term refers to a quantity of inventory of an object that is available for usage. The stock is already available. When a lady travels with her child, she could bring a lot of clothes (UK: nappies). This indicates that a sizable portion is usable.

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________ involves mutual respect and trust among buyers and sellers, and focuses on creating long-term customers, not a one-time sale.

Answers

Answer:

Relationship selling involves mutual respect and trust among buyers and sellers, and focuses on creating long-term customers, not a one-time sale.

5. Key performance measures Measuring Stock Performance An informed and prudent investor uses a variety of measures such as financial ratios, book value, earnings per share, return on equity etc. To evaluate the worthiness and prospects of stocks he/she would invest in. It is important for you as an investor to understand how these values are calculated and what they mean

Answers

Key performance measures are important tools for investors to evaluate the worthiness and prospects of stocks they intend to invest in. These measures include financial ratios, book value, earnings per share, return on equity, and other similar indicators. These measures help investors to understand how a company is performing financially, and its potential for future growth and profitability.

Financial ratios are one of the most common key performance measures used by investors. These ratios compare a company's financial statements to assess its financial health. Examples of financial ratios include price-to-earnings (P/E) ratio, debt-to-equity ratio, and return on investment (ROI) ratio.

Book value is another key performance measure that investors use to assess the worthiness of a stock. It is calculated by subtracting a company's total liabilities from its total assets. The resulting figure gives investors an idea of the company's net worth.

Earnings per share (EPS) is another crucial measure that investors use to determine a company's profitability. It is calculated by dividing the company's net income by its total number of outstanding shares.

Return on equity (ROE) is another important key performance measure that investors use to assess a company's profitability. It is calculated by dividing the company's net income by its total shareholder equity.

In conclusion, understanding how key performance measures are calculated and what they mean is essential for any investor who wants to make informed and prudent investment decisions. By using these measures, investors can evaluate a company's financial health and potential for future growth and profitability, allowing them to make more informed investment decisions.

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abigail bought 28 shares of stock at $30.00 per share. she received dividend of $49.50 during the year. at the end of the year, her stock was valued at $43.50 per share. what was her ROI?

Answers

If  her stock was valued at $43.50 per share. Her ROI is:50.89%

Return on investment

First step

Purchase price=(28×$30)-(28×$43.50)

Purchase price= $840-$1218

Purchase price=$378

Gain in value=$378+ $49.50

Gain in value=$427.5

Second step

ROI=$427.5/$840×100

ROI=50.89%

Therefore the ROI is $15.89%.

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There is a shortage of lemmons and the supply function bocomes Q =P while the demand function continues to be Q=1200-P. The new equilibrium price and quantity in the market are: O a. p=600, Q=600. O b.p=400, Q=800. OCP=800, Q=400. O d. P=1000, Q=1000.

Answers

Option (a) P = 600, Q = 600 is the correct answer. Given that the supply function becomes Q = P while the demand function continues to be Q = 1200 - P.

We need to find the new equilibrium price and quantity in the market.Solution:The new equilibrium price and quantity are found by equating the supply and demand equations: Supply equation, Q = P Demand equation, Q = 1200 - P. Therefore, P = Q and Q = 1200 - PQ = PP + P = 12002P = 1200P = 600.

Substituting P in the demand equation,Q = 1200 - PQ = 1200 - 600Q = 600. Hence, the new equilibrium price and quantity in the market are P = 600 and Q = 600 respectively. Therefore, option (a) P = 600, Q = 600 is the correct answer.

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the concept of diseconomies of scale a. states that the average cost/unit produced is reduced when output increases. b. states that beyond a certain point the cost of each additional unit made increases. cc. is an approach for measuring unusable output.

Answers

The concept of diseconomies of scale states that the average cost/unit produced is reduced when output increases. Thus the correct answer is Option A.

The diseconomies of scale refer to the state of a company or business  that grows over a certain area  leading to many problems including increasing the cost of units, the communication between the different sectors within the same company becomes disruptive due to the big expansion of the company.

Furthermore, the many other problems regarding diseconomies of scale are listed down below,

Leads to a lack of motivation among the employees working in a company.Breaks the mobility of the working environment and hence results in the breaking of a vision board.

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Vulcan, Inc., has 9 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 7.2 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

After calculating, we can solve for the bond price: the current bond price is $1,159.69.

N = 15 (number of years to maturity)

I/Y = 7.2 (YTM)

PMT = 90 (annual coupon payment: 0.09 x $1,000)

FV = 1,000 (par value)

Solving for PV (price) = $1,159.69

Therefore, the current bond price is $1,159.69.

A bond is a type of fixed-income security that simulates a loan from an investor to a borrower (usually a business or government). A bond may be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower. Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors.

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Firms suddenly becoming pessimistic about future business prospects is an example of a ______ demand shock, which would shift the AD curve to the ______.
A. negative; left
B. positive; left
C. negative; right
D. positive; right
Answer: A. negative; left

Answers

Firms suddenly becoming pessimistic about future business prospects is an example of a negative demand shock, which would shift the AD curve to the left.

A demand shock is a sudden and unexpected event that dramatically increases or decreases demand for a product or service, usually for a short period of time. A positive demand shock is an unexpected increase in demand curve, whereas a negative demand shock is an unexpected decrease in demand. Unexpected changes in the economy will cause the aggregate demand (AD) or short-run aggregate supply (SRAS) curves to shift. Negative shocks lower output and raise unemployment.

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What happens at oceanic-continental convergent boundaries

Answers

Answer:

The first type of convergent boundary is Oceanic-Continetal Convergence. This type of convergent boundary happens where an oceanic plate and a continental plate push together causing the oceanic plate to be forced under the continental plate into the mantle because the oceanic plate is thinner. This is called a subduction.

Explanation:

Which is NOT a fee you need to worry about with a checking account?

Answers

Answer:

It depends on the bank provider. All bank providers have different fee policies.

Explanation:

There is no specifc answer to this.

a job description states the minimum qualifications a person needs to perform a job successfully.
T/F

Answers

True. A job description outlines the essential duties, responsibilities, and qualifications required to perform a job successfully.

It typically includes information about the minimum educational, experiential, and skill requirements necessary for the job. The qualifications listed in a job description serve as a benchmark for candidates to evaluate their eligibility for the role and for employers to assess the suitability of applicants.

Meeting the minimum qualifications does not guarantee a candidate will be selected for the position, but it is an important starting point for employers to screen candidates and make informed hiring decisions. Job descriptions also help ensure that employees understand their roles and responsibilities and can perform their job duties effectively.

Hence,  A job description outlines the essential duties, responsibilities, and qualifications required to perform a job successfully.

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Work Survival skills include?
A. introducing new ideas, coordinating tasks, and managing groups
B. identifying problems, gathering information, and imagining alternatives
C. cooperating, providing support, and expressing feelings
D. being punctual, managing time, and enforcing policies

Answers

Answer:d

Explanation: because it is in the work place survival skills manual

hope this helps

In the Work Survival skills includes the cooperating, providing support, and expressing feelings. The correct option is (C).

What do you mean by Work survival Skills?

The ability to maintain one's life in either a built-up or a natural setting is known as survival skills.

The required skills in the work survival are:

Design thinking.Online cooperationManage cognitive burden.Digital literacyTransdisciplinary.Computation-based reasoning.Cultural sensitivity.Social awareness.Innovative and flexible thinkingPerception.

Even though they are not necessary in our modern world of support systems, survival skills will help you become a more independent person who is aware that they don't necessarily need to rely on all of our modern infrastructure systems to survive.

Therefore, in the Work Survival skills includes the cooperating, providing support, and expressing feelings.

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Client-server architectures:
a. cannot connect computers that use different hardware
b. are one of the least used network architectures today
c. can use middleware to provide a standard way of communicating between software from more than one vendor
d. assign the responsibility for the presentation logic to the server
e. were the earliest type of network architectures

Answers

Answer:

c. can use middleware to provide a standard way of communicating between software from more than one vendor

Explanation:

Client-server architecture refers to the architecture where there are various clients that request and received the services from the server i.e. centralized. It also provides an interface to permit the computer user in order to request the service with regard to the server and according to that the results are displayed

So as per the given situation, the correct option is c. as it also applied as the middleware so to provide the way of communication that lies between the software from having minimum of one vendor

Ian works in the IT department at Pleasant Valley Health Partners. He feels encouraged to find his own solutions to problems, and to implement those solutions when practical. The programmers and data analysts work with little supervision because management feels they are committed and creative workers. This policy reflects a __________ attitude about workers.

Answers

Ian's attitude to work reflects a theory Y attitude about workers because he is said to be motivated and can solve problems.

Theory Y workers are those workers that are known to be highly motivated. Such workers are creative as well as proactive and are always willing to solve problems.

The Theory Y is a sharp contrast to workers that fall under theory X because these ones hate to work and lack motivation.

Both of these theories were developed by Douglas McGregor.

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Nathan bought 200 shares of stock at $40 per share ($8,000 total). He paid $5,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 6 percent.

Six months later, the stock’s current price is $38 per share. If Nathan sells now, he will pay a commission of $160 and will have to repay the loan. If he sells now, he will lose $ __.00

Answers

If Nathan sells now, after paying a commission of $160 and margin account interest of $90, he will lose $650.

What is buying on margin?

Buying on margin is a situation when an investor buys an asset by borrowing the balance from the brokerage firm.

With buying on margin, the investor pays part of the investment cost while the remaining is met by the broker.

Data and Calculations:

Cost of 200 shares at $40 per share = $8,000

Investor's cash = $5,000

Margin purchase = $3,000

Interest rate = 6%

Interest amount = $90 ($3,000 x 6% x 1/2)

Commission = $160

Total amount spent = $8,250 ($8,000 + $90 + $160)

Total amount realized from sale = $7,600 ($38 x 200)

Loss from sale = $650 ($7,600 - $8,250)

Thus, if Nathan sells now, after paying a commission of $160 and margin account interest of $90, he will lose $650.

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Management fees and other expenses of mutual funds may
include
Select one:
a.
front-end loads.
b.
front-end loads, back-end loads, and 12b-1 charges.
c.
front-end and back-end loads.
d.
12b-1 charges.

Answers

Management fees and other expenses of mutual funds may includ Front-end loads, back-end loads, and 12b-1 charges. The correct answer is option b.

Management fees and other expenses of mutual funds can include various charges. Front-end loads refer to sales charges that are paid when purchasing the mutual fund shares.

Back-end loads, also known as redemption fees or contingent deferred sales charges, are fees paid when selling or redeeming mutual fund shares within a certain timeframe.

12b-1 charges are ongoing fees that cover marketing and distribution expenses of the mutual fund.

Therefore, the correct answer is option b.

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Jordan, the owner of a motorcycle firm, wants to reduce the cost of maintaining the existing equipment of his firm. Joe, a salesperson, recommends a new type of equipment to reduce the maintenance costs. The cost of the new equipment is $50,000, but it would save Jordan $75,000 in total. If Jordan decides to purchase the new equipment, then his return on investment will be: ___________

Answers

If Jordan decides to purchase the new equipment, then his return on investment will be: 150%.

Using this formula

Return on investment=Amount saved in total/Cost of new equipment ×100

Where:

Amount saved in total=$75,000

Cost of new equipment=$50,000

Let plug in the formula

Return on investment=$75,000/$50,000×100

Return on investment=150%

Inconclusion if Jordan decides to purchase the new equipment, then his return on investment will be: 150%.

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What is meant by profit and loss?

Answers

Profit and loss are financial terms that refer to the amount of money a business makes or loses.

Profit is the amount of money that a business makes after subtracting all of its expenses from its revenue. In other words, profit is the amount of money that is left over after a business has paid for all of its costs, including things like salaries, rent, and supplies.

Loss, on the other hand, is the amount of money that a business loses when its expenses are greater than its revenue. This can happen for a variety of reasons, such as poor sales, high costs, or unexpected expenses.

In order to be successful, a business needs to make a profit. This means that it needs to bring in more money than it spends. However, there will be times when a business experiences a loss, and it is important to be able to understand and manage these losses in order to keep the business running smoothly.

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Uptown Interior Designs is an all equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares. What is the total value of this firm if you ignore taxes?

Answers

Answer:

The answer is $16 million

Explanation:

Outstanding shares = 40,000

Shares of deceased shareholder = 2,500

Amount borrowed = $1m

We calculate price per share:

This is,

1,000,000 ÷ 2,500

= $400

To get the total value of the firm:

[(40,000 - 2,500) × 400] + 1m

=(37,500 × 400) + 1m

= 15,000,000 + 1,000,000

= $16,000,000

The total value of the firm without taxes is $16 million.

1.what’s one category you wish fewer taxes were spent on ? why?

2.what’s one category you wish more taxes were spent on? why?

Answers

Answer:I wish fewer taxes were spent on health. Although health is an essential part of everyone's life

I feel there are more significant aspects of society that need to be addressed such as the Federal Debt or Veteran's Benefits.

I wish more taxes were spent on public maintenance at parks or any government places, mostly because the bathrooms are always filthy.

Explanation:

how evade taxes pls tell me how to evade taxes i am only nine years old and need not pay taxes cause i hate taxes, taxes are for nerds

Answers

Answer:

you simply cease to do your legal documentation

Explanation

you dont have taxes until u have a job

in recent years, mortgage lenders responded to the demand from home buyers who were unable to put 20 percent down on their purchase and were looking to avoid the private mortgage insurance (pmi) requirement that would typically accompany such a loan by developing a second mortgage that is created simultaneously with the first mortgage in an amount of ten percent of the value of the home. this enabled the borrower to obtain 90 percent financing while avoiding the additional cost of pmi. these loans are more commonly referred to as

Answers

This enabled the borrower to obtain 90 percent financing while avoiding the additional cost of pmi. these loans are more commonly referred to as  piggyback mortgage loans.

A loan is the lending of cash via one or more individuals, organizations, or different entities to other individuals, corporations, etc. The recipient incurs a debt and is normally susceptible to pay hobby on that debt till it is repaid as well as to repay the foremost amount borrowed.

A mortgage is a shape of debt incurred by using an character or different entity. The lender—commonly a business enterprise, economic organization, or authorities—advances a amount of money to the borrower. In return, the borrower agrees to a sure set of phrases together with any finance charges, hobby, repayment date, and different situations.

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Which investment strategy would work best if you wanted to grow your
investment slowly without losing much money?
O A. High risk, low return
O B. Low risk, high return
O ,
C. Low risk, low return
O D. High risk, high return
SUBMIT

Answers

Answer: C. Low risk, low return

Explanation:

PLEASE HURRY!! I'M IN A TEST!!
Juan has a bachelor's degree in science; he has worked in the marketing research industry for five years; and he has two years of experience in the health care industry. He has just gotten a new job with Arrow Research. Juan will be helping define the objectives of marketing research projects in the health care industry, and analyzing and interpreting data. Juan's job is most likely as a _____. (Select all that apply.)
research manager
marketing research analyst
account executive
project director

Answers

He has just gotten a new job with Arrow Research. Juan will be helping define the objectives of marketing research projects in the health care industry, and analyzing and interpreting data. Juan's job is most likely as a Marketing research analyst

Option B is correct

His job responsibilities include defining the objectives of marketing research projects in the health care industry and analyzing and interpreting data.

Marketing research analysts typically have a bachelor's degree and several years of experience in the field. Juan's experience in both marketing research and healthcare industries make him a suitable candidate for this job.

Option B is correct

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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter

Answers

The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as

$4.3055

This is further explained below.

What is the APR interest rate?

Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.

The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.

Interest rate APR = 12%

Average balance = ((200*5)+(350*15)+(150*10))/30

Average balance = $258.33

Average balance*APR/12

Finance charge =\(\frac{258.33*20 \%}{12 }\)

Finance charge = $4.3055

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If you place a market buy order for 100 shares, at what price will it be filled?

Answers

The 100 share market buy order will be filled at the lowest offer price: 50.25. "Marketers must be able to convert and incorporate sales targets into market share because this will show if forecasts will be met by growing with the market or by grabbing market share from competitive.

The latter is usually always more difficult to attain. Market share is continuously monitored for changes in the competitive landscape and is usually used to the motivate strategic or tactical action." Furthermore, market share is an important indicator for assessing performance in relation to market growth because the  internal sales growth.

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market failure means that government action is always necessary. True or false

Answers

Market failure means that government action is not always necessary. The statement is False.

Market failure occurs when the market fails to efficiently allocate resources in a way that is in society's best interests.

A free market assumes that all parties involved have complete knowledge and that all parties can make rational choices, but this is rarely the case.

As a result, markets may fail to produce enough of a good or service, or they may produce too much of it.

In such cases, government intervention may be necessary to correct the market failure and achieve economic efficiency.

However, government intervention is not always necessary or effective.

Sometimes, market forces can correct themselves or other solutions may be more effective than government intervention.

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