Excavation costs for new building $13,540 2. architect’s fees on building plans 39,540 3. full payment to building contractor 655,600 4. cost of real estate purchased as a plant site (land $274,400 and building $30,700) 305,100 5. cost of parking lots and driveways 28,430 6. accrued real estate taxes paid at time of purchase of real estate 3,730 7. installation cost of fences around property 8,250 8. cost of demolishing building to make land suitable for construction of new building 28,200 9. real estate taxes paid for the current year on land 7,160 $1,089,550 receipts 10. proceeds from salvage of demolished building $ 11,900
analyze the transactions

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

Because the demand for wheat tends to be inelastic. true or false

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