Vijay inc. purchased a three-acre tract of land for a building site for $320,000.

on the land was a building with an appraised value of $120,000.

the company demolished the old building at a cost of $12,000, but was able to sell scrap from the building for $1,500.

the cost of title insurance was $900 and attorney fees for reviewing the contract were $500.

property taxes paid were $3,000, of which $250 covered the period subsequent to the purchase date.

the capitalized cost of the land is:

a. $336,400.
b. $336,150.
c. $334,650.
d. $201,150.

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.