During 2016, Elwood Company purchased a piece of land for $900,000 that is qualified as property and equipment. It spend $5,000 in legal fees associated with the land and another $50,000 grading and readying the land for its purpose. Determine the value in the land account at the end of 2016.

During a buying process, the normal procedure once a list of qualified suppliers is formed is to send out a ________ to potential suppliers

A) request for product review B) request for proposals C) request for quotation D) request for product specifications

In the contingency approach, managers must identify the best technique in terms of _____

a. the situation b. the circumstances c. the time d. all of the above e. none of the above