In june 1985, joseph marcantuone and robert gieson purchased property located in east orange, new jersey. at the time of purchase, the property was partly occupied and leased to carriage trade cleaners, a dry cleaning establishment. a number of dry cleaners continuously operated on this site since 1930. marcantuone and gieson owned and operated a grocery store on another section of the property. they have never personally owned or operated a dry cleaning establishment on the property. jrm, llc, and sang hak shin were tenants on the property and the last operators of the dry cleaning establishment that utilized the hazardous substance tetrachloroethylene, or perchloroethylene (pce), during the time marcantuone and gieson owned the property. the city of east orange acquired the property through condemnation for the purpose of building a school on the property. but, the pce was discovered on the property and out of the $629,407 given to marcantuone and gieson as compensation for the taking, the city held back $182,035.20 for the cost of the pce clean-up. it cost the city a total of $212,000 to complete the clean-up of the property. â

how would the city have discovered the pce on the property prior to its valuation for condemnation?

a. through inspection of the property and the presence of a dry-cleaning establishment.
b. through land records tracing ownership of the dry-cleaning establishment.
c. through soil tests.
d. all of the above

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600

Mart's boutique has sales of $820,000 and costs of $540,000. interest expense is $36,000 and depreciation is $59,000. the tax rate is 21 percent. what is the net income? $146,150 221,200 105,000 139,050