The rate that you pay to process a credit card transaction is a combination of base costs and markups called merchant discount. Think of merchant discount as the retail price of credit card processing, base costs as raw material expenses and the markup as production costs.
I divided the rehab cost by the square footage and came up with a cost per square foot for each home. The rehab ranged from 7-15 dollars per sqft for an average of $12 per sqft. For example a 1000 sqft home should cost around $12,000 on average to do a cosmetic rehab.
Costs typically include: Land the purchase price; closing costs, such as title and attorneyâs fees; real estate brokersâ commissions; costs of grading, filling, draining, and clearing; assumption of any liens, mortgages, or encumbrances on the property. LO 1 Describe how the cost principle applies to plant assets.Company paid $80,000 in cash. Old warehouse razed at a cost of $8,600 Salvaged materials were sold for $1,700. - 1,700 8,600 $80,000 Expenditures before construction began: $1,100 attorneyâs fee for work on land purchase. $5,000 real estate brokerâs fee.osts typically include: Land the purchase price; closing costs, such as title and attorneyâs fees; real estate brokersâ commissions; costs of grading, filling, draining, and clearing; assumption of any liens, mortgages, or encumbrances on the property. LO 1 Describe how the cost principle applies to plant assets.