Business, 22.10.2019 20:00, Hatter6998
Grieg landscaping began construction of a new plant on december 1, 2014. on this date, the company purchased a parcel of land for $139,000 in cash. in addition, it paid $2,000 in surveying costs and $4,000 for a title insurance policy. an old dwelling on the premises was demolished at a cost of $3,000, with $1,000 being received from the sale of materials. architectural plans were also formalized on december 1, 2014, when the architect was paid $30,000. the necessary building permits costing $3,000 were obtained from the city and paid for on december 1 as well. the excavation work began during the first week in december with payments made to the contractor as follows. date of payment amount of payment march 1 $240,000 may 1 330,000 july 1 60,000 the building was completed on july 1, 2015. to finance construction of this plant, grieg borrowed $600,000 from the bank on december 1, 2014. grieg had no other borrowings. the $600,000 was a 10-year loan bearing interest at 8%. instructions compute the balance in each of the following accounts at december 31, 2014, and december 31, 2015. (round amounts to the nearest dollar.) (a) land. (b) buildings. (c) interest expense.
Answers: 2
Business, 22.06.2019 02:50, isbella29
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?
Answers: 1
Business, 22.06.2019 10:50, iaminu50
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
Answers: 3
Business, 22.06.2019 17:50, nayelieangueira
What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories
Answers: 3
Grieg landscaping began construction of a new plant on december 1, 2014. on this date, the company p...
Mathematics, 13.11.2019 18:31