On march 1, 2019, wildhorse co. acquired real estate on which it planned to construct a small office building. the company paid $84,000 in cash. an old warehouse on the property was razed at a cost of $8,800; the salvaged materials were sold for $1,600. additional expenditures before construction began included $1,600 attorney’s fee for work concerning the land purchase, $4,400 real estate broker’s fee, $8,000 architect’s fee, and $13,400 to put in driveways and a parking lot. (a) determine the amount to be reported as the cost of the land.

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing,maintaining, and firing the workforce

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

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