Custom homebuilders (ch) designs and constructs high-end homes on large lots owned by customers. ch has developed several formulas, which it uses to quote jobs. these include costs for materials, labor, and other costs. these estimates are also dependent on the region of the country a particular customer lives. below are the cost estimates for one region in the midwest:
administrative costs $ 40,000
building costs – per square foot (basic) $ 120
building costs – per square foot (moderate) $ 220
building costs – per square foot (luxury) $ 260
appliances (basic) $ 35,000
appliances (moderate) $ 45,000
appliances (luxury) $ 65,000
utilities costs (if required) $ 60,000
required:
a customer has expressed interest in having ch build a moderate, 3,800 square-foot home on a vacant lot, which does not have utilities. based on the engineering estimates above, what will such a house cost to build?

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.