Acompany incurred the following costs:
purchase price of land $280,000
survey fees 4000
payment for demolition of old building on land 40,000
back property taxes on land 3000
paving costs for parking lot 70,000
fence around perimeter of land 15,000
lights in parking lot 90,000
signs for new business 5,000

what is the cost of the land?
a. $397,000
b. $280,000
c. $324,000
d. $327,000

Which of the following best explains why a large company can undersell small retailers? a. large companies can offer workers lower wages because they provide more jobs. b. large companies can pay their employees less because they do unskilled jobs. c. large companies can negotiate better prices with wholesalers. d. large companies have fewer expenses associated with overhead.

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

Personal financial planning is the process of creating and achieving financial goals? true or false