Business, 30.10.2021 01:30, mprjug6

Bill Amends, owner of Kingbird Estate Inc., buys and sells commercial properties. Recently, he sold land for $2,860,000 to the Blackhawk Group, a developer that plans to build a new shopping mall. In addition to the $2,860,000 sales price, Blackhawk Group agrees to pay Kingbird Estate Inc. 1% of the retail sales of the mall for 10 years. Blackhawk estimates that retail sales in a typical mall project is $1,040,000 a year. Given the substantial increase in online sales that are occurring in the retail market, Bill had originally indicated that he would prefer a higher price for the land instead of the 1% future sales-based arrangement and suggested a price of $3,119,000. However, Blackhawk would not agree to those terms. Required:
What is the transaction price for the land and related royalty payment that Indigo Estate Inc. should record?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:30, natebarr17

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Answers: 3

continue

Business, 22.06.2019 08:30, Naomi7021

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

Answers: 2

continue

Business, 22.06.2019 17:00, jaymoney0531

Can someone me ? i’ll mark the best answer brainliest : )

Answers: 1

continue

Business, 22.06.2019 19:50, wsdafvbhjkl

On july 7, you purchased 500 shares of wagoneer, inc. stock for $21 a share. on august 1, you sold 200 shares of this stock for $28 a share. you sold an additional 100 shares on august 17 at a price of $25 a share. the company declared a $0.95 per share dividend on august 4 to holders of record as of wednesday, august 15. this dividend is payable on september 1. how much dividend income will you receive on september 1 as a result of your ownership of wagoneer stock

Answers: 1

continue

Do you know the correct answer?

Bill Amends, owner of Kingbird Estate Inc., buys and sells commercial properties. Recently, he sold...