Reference no: EM132817614
LOATH HATE Co. purchased a lot for ?8,000,000. Immediately after the purchase, LOATH started construction of a new building on the lot. The following were additional costs incurred by LOATH Co.
Legal cost of conveying land ? 40,000
Special assessment 20,000
Survey costs 60,000
Materials, labor, and overhead costs 22,000,000
Cash discounts on materials purchased not taken 120,000
Clerical and other expenses related to construction 56,000
Excavation costs 400,000
Architectural fees and building permit 240,000
Supervision by management on construction 48,000
Insurance premiums paid for workers 520,000
Payment for claim for injuries not covered by insurance 180,000
Saving on construction 800,000
Cost of changes to plans and specifications due to Inefficiencies 560,000
Paving of streets and sidewalks (not included in blueprint) 40,000
Income earned on a vacant space rented as parking lot during construction 36,000
Problem 1: How much is the cost of the land?
a. 8,160,000
b. 8,100,000
c. 8,120,000
d. 8,060,000
Problem 2: How much is the cost of the building?
a. 23,144,000
b. 23,184,000
c. 23,264,00
d. 23,096,000
|
Prepare the adjusting entries that were made by Dunbar Zoo
: Prepaid Insurance (expires on Sep 30, 2017): 9,000. Prepare the adjusting entries that were made by the Dunbar Zoo on December 31, 2017
|
|
What responsibility does society have
: What responsibility does society have? What responsibility do technology firms have?
|
|
Are there other frameworks mentioned has been discussed
: Are there other frameworks mentioned has been discussed in the article that might be more effective? Has any other research you uncover suggest there.
|
|
Why is batna important
: 1. Why is BATNA important? 2. What are the five common paradoxes that negotiators face? Which one seems the most difficult to manage?
|
|
How much is the cost of the land for loath hate co
: How much is the cost of the land? LOATH HATE Co. purchased a lot for ?8,000,000. Immediately after the purchase, LOATH started construction
|
|
What is the safety inventory average inventory
: The facility currently orders 4,000 gallons when the inventory on hand drops to 1000. What is the safety inventory average inventory and average flow time
|
|
What are the international quality standards
: What are the International Quality Standards? Were there any revisions of either one? If so, what were these revisions?
|
|
Draw a process flow diagram of process
: Part A. Draw a process flow diagram of this process. Part B. Assuming unlimited demand, what is the flow rate of the process in customers per hour?
|
|
How much is charged as loss on initial recognition
: The land and old building have fair values of ?20,000,000 and ?40,000,000, respectively. How much is charged as loss on initial recognition?
|