Simons Company purchased land to build a new factory. The following expenditures were made in conjunction with the land purchase: • Purchase price of the land, $150,000 • Real estate commissions of 7% of the purchase price • Land survey, $5,000 • Back taxes, $5,000

What is the initial value of the land? a. $160,000 b. $160,5

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Q. 4. Explain the process of industrialization in Britain during the nineteenth century.

Q.6.What were the principal features of Industrialization process of England in 19th century ?

Q. 5. Describe any five major problems faced by new European merchants in setting up their industries in towns before the industrial revolution.

00 c. $165,500 d. $170,500

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