On july 1, 2016, larkin co. purchased a $400,000 tract of land that is intended to be the site of a new office complex. larkin incurred additional costs and realized salvage proceeds during 2016 as follows: demolition of existing building on site $75,000 legal and other fees to close escrow 12,000 proceeds from sale of demolition scrap 10,000 what would be the balance in the land account as of december 31, 2016?

a. $475,000.
b. $487,000.
c. $400,000.
d. $477,000.

Visburg concrete company pours concrete slabs for single-family dwellings. lancing construction company, which operates outside visburg's normal sales territory, asks visburg to pour 40 slabs for lancing's new development of homes. visburg has the capacity to build 300 slabs and is presently working on 250 of them. lancing is willing to pay only $3, 300 per slab. visburg estimates the cost of a typical job to include unit-level materials, $1, 440: unit-level labor, $720: and an allocated portion of facility-level overhead, $1, 200. required calculate the contribution to profit from the special order. should visburg accept or reject the special order to pour 40 slabs for $3, 300 each?

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.