On december 1, 2016, hogan co. purchased a tract of land as a factory site for $780,000. the old building on the property was razed, and salvaged materials resulting from demolition were sold. additional costs incurred and salvage proceeds realized during december 2016 were as follows:

cost to raze old building $70,000

legal fees for purchase contract and to record ownership $10,000

title guarantee insurance $16,000

proceeds from sale of salvaged materials $8,000

in hogan’s december 31, 2016 balance sheet, what amount should be reported as land?

a. $806,000

b. $842,000

c. $868,000

d. $876,000

Suppose you have just been hired as the chief diversity officer of a large company. previous mentoring programs at this company have not been successful. after inquiring about previous efforts, you discover that most mentor pairs met just a few times, but very few lasting or meaningful mentoring relationships were created. there were also a significant number of employees that did not even attempt to seek out a mentor relationship. which of the following may be a reason why prior mentoring programs at your company failed? check all that apply. a) minorities and women are much less likely to develop mentoring relationships than white malesb) mentoring is not an effective way for organizations to develop female and minority employeesc) due to specific laws governing appropriate workplace behavior, senior-level male executives were reluctant to cultivate mentoring relationships with female employees, fearing negative repercussionsd) fear of creating a future competitor within the company, senior-level female executives were hesitant to mentor other female employees

The questions of economics address which of the following ? check all that apply

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)