An income property generates $9,200 per month, and is valued at $985,000. What is its gross rent multiplier

Answers

Answer 1

Answer:

107.07

Explanation:

Calculation for What is its gross rent multiplier

Gross rent multiplier= Income Property value/income property generated per month

Let plug in the formula

Gross rent multiplier= $985,000/$9,200 per month

Gross rent multiplier=107.07

Therefore its gross rent multiplier will be 107.07


Related Questions

what Is quality Control​

Answers

Answer:

a system of maintaining standards in manufactured products

2019 balance sheet showed net fixed assets of $5.2 million, and the 2020 balance sheet showed net fixed assets of $5.8 million. The company’s 2020 income statement showed a depreciation expense of $335,000. What was the company's net capital spending for 2020?

Answers

Answer: $935,000

Explanation:

Net capital spending refers to the amount spent on acquiring new fixed assets.

= 2020 net fixed assets + 2020 depreciation - 2019 net fixed assets

= 5,800,000 + 335,000 - 5,200,000

= $935,000

In one ancient civilization, hunters shared fresh meat with other individuals in a group without an explicit timeframe or agreement about who would do what in return. However, the favor would surely be returned by those in the tribe who could cook, take care of children, and provide
shelter. What type of economy does this MOST closely describe?
A. Socialist economy
B. gift economy
С. market economy
D. planned economy

Answers

Answer:

B. Gift economy

Explanation:

Correct Answer: gift economy

Participative leadership is enhanced when:______

Answers

Answer:

employees partake in the decision making in an organization.

Explanation:

Participative leadership is enhanced when employees are involved in the decision making of an organization, hence creating a collaborative approach towards running and managing the organization.

In participative leadership approach, all the members within a team collaborate in terms of identifying essential goals and finding a means to achieving those goals. The importance of participative leadership is that it boost the morale of employees by giving them sense of belonging.

State two goals you hope to achieve through applying your coursework this term to your workplace experience.

Answers

Explanation:

1. Improve communication skills

2. Apply customer relationship marketing

The current business scenario is globalized and highly competitive, the social dynamics resulting from globalization and new technologies have changed the demands and relations between company / consumer, this new parameter requires companies to be promoters of society's well-being, acting with socio-environmental responsibility in the market, which means that this includes the relationship with all its stakeholders.

Therefore, it is essential that interpersonal communication skills are improved in a management-oriented course and applied to the work environment, as organizations have more and more responsibilities when dealing with people, and negotiation and communication skills with people are increasingly valued. different nationalities and culture, with ethics in communication being an essential factor.

Relationship marketing is also another essential factor that must be applied in the workplace, especially if you work directly with the customer or work using the internet, since companies are closer to customers, and must generate value and engagement that creates market identification and positioning.

A goal is termed as the idea of the future result that is committed to achieving. It can be a plan or envision that is to be accomplished by a group of persons. The deadline is set for the accomplishment of the goals by the group of people.

The two goals to achieve in the workplace are:

1. Improve communication skills

2. Apply customer relationship marketing

The current business scenario is globalized and highly competitive, the social dynamics resulting from globalization and new technologies have changed the demands and relations between company and the consumer. Relationship marketing is also another essential factor that must be applied in the workplace.  

Therefore, it is essential that interpersonal communication skills are improved in a management-oriented course and applied to the work environment, as organizations have more and more responsibilities when dealing with people, and negotiation and communication skills with people are increasingly valued.  

To know more about the accomplishment of the goals, refer to the link below:

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As a customer's product knowledge increases, what typically happens to the amount of search conducted by the consumer

Answers

Answer:

It will increase, and then decrease as the customer becomes more knowledgeable

Explanation:

As a customer's product knowledge increases, what typically happens to the amount of search conducted by the consumer is that the amount will first increase, and then decrease as the customer becomes more knowledgeable.

If the future value of an ordinary, 7-year annuity is $10.000 and interest rates are 4 percent, what is the future value of the same annuity due?

Answers

Answer:

The future value of the same annuity due is $10,400.

Explanation:

Step 1: Calculation of the annuity payment

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = P * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value of the amount after 7 years = $10.000

P = Annuity payment = ?

r = interest rate = 4%, or 0.04

n = number of years = 7

Substituting the values into equation (1) and solve for P, we have:

10,000 = P * (((1 + 0.04)^7 - 1) / 0.04)

10,000 = P * 7.89829448089601

P = 10,000 / 7.89829448089601

P = $1,266.09612039504

Step 2: Calculation of the future value of the same annuity due

This can be calculated using the formula for calculating the Future Value (FV) of an Annuity Due as follows:

FV = P * (((1 + r)^n - 1) / r) * (1 + r) ................................. (2)

Where,

FV = Future value the same annuity due = ?

P = Annuity payment as obtained in Step 1 above = $1,266.09612039504

r = interest rate = 4%, or 0.04

n = number of years = 7

Substituting the values into equation (2), we have:

FV = $1,266.09612039504 * (((1 + 0.04)^7 - 1) / 0.04) * (1 + 0.04)

FV = $1,266.09612039504 * 7.89829448089601 * 1.04

FV = $10,400

Therefore, the future value of the same annuity due is $10,400.

ook at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________. When receiving a payment, make sure _________________.

Answers

Answer:

1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds

Explanation:

In order to reconcile with the company book accounts to the bank statement. If the posting is to be done in non-deposited funds so it would be develop the bank deposit for multiple payments that could easy for matching also at the time of payment received make sure that the deposit should be undeposited funds

So the same is relevant

With SMART goals, what does the “T” stand for?
a
Training
b
Time bound
c
Task
d
Teaching

Answers

Answer:

time bond

Explanation:

time frame given to achieve that goal

time bound

like giving yourself time

The nominal interest rate is 7% and the expected inflation rate is 2%. Based on the Fisher effect, the real rate of interest is Group of answer choices 5.0% 5.1% 4.9% 6.86%

Answers

The answer:
5.1%
Trust me:] and good luck!

Do you think that business practices in an Islamic country are likely to differ from business practices in a Christian country

Answers

Explanation:

Yes, since an organization is a reflection of the values of the society in which it operates, it is correct to say that business practices in an Islamic country may be different from business practices in a Christian country.

Some differences can be mentioned, such as in Islamic organizations, there is the incorporation of rules and laws arising from Islam, such as in the period of Ramadan, where there is a 6-hour working day, fasts and other religious practices. It is also possible to quote the dress code in the workplace, the treatment given to women among several other practices that differentiate an Islamic organization from a Christian one.

Assume the CPI increases from 100 to 110 and a person's nominal income increases from $50,000 to $55,000 over the same period. This person's real income has

Answers

Answer and Explanation:

The computation of the real income percentage is as follows:

The Increase in CPI would be

= (110 - 100) ÷ 100 × 100

= 10%

And, the increase in nominal income is

= ($55,000 - $50,000) ÷ ($50,000) × 100

= 10%

As the CPI and increase in nominal income percentage is same

SO the real income would also remains the same

Which of the following explains why tariffs and quotas raise the cost of protected products, such as sugar, to consumers?
-High demand forces domestic businesses to lower prices to match foreign competitors' prices
-High demand causes the government to raise revenues to protect domestic farmers
-High demand encourages world prices to increase at regular intervals
-High demand encourages domestic quantities to increase, raising domestic prices higher than world prices​

Answers

Answer: High demand encourages domestic quantities to increase, raising domestic prices higher than world prices​

Explanation:

Due to tariffs and quotas, the amount of the protected goods coming into the country from countries where it is cheaper will reduce.

This will push people towards the domestic manufacturers of the goods. This increase in demand for local goods will lead to the producers having to charge more as well as produce more. As they are charging more based on the situation in their own country, the prices will be more than world prices.

The overall unemployment rate in Lebanon stands at 24 percent, and youth unemployment exceeds 35 percent. In the face of job crisis, Lebanon should introduce reforms in the education system to adapt to future labor market needs. At the same time, it is crucial to develop a viable information and communications technology sector and to speed up the process of finalizing the oil and gas exploration and production projects. Also essential to job creation are small- and medium-size enterprises.

Source: The Daily Star, December 24, 2014

a. On the basis of the news clip, what is the main type of unemployment that Lebanon should use

policies to control? Explain.

b. How might these policies impact Lebanon’s natural unemployment rate? Explain.

Answers

Answer:

a. Lebanon should address the structural unemployment issue in the economy to support the current labor force with the new methods and technologies of production. Policies would be aimed at boosting the productivity of labor and hence the demand for labor force. From the given scenario it is comprehensible that the major issue prevailing is lack of competency due to structural and technological changes.

b. Policies aimed at fighting structural unemployment would cause the natural rate of unemployment rate to fall. Natural rate of unemployment would change when there arises changes in factors such as technology, productivity etc.

A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income

Answers

Answer:

63,700

Explanation:

Sales:                                                 850,000

Variable Cost: (850,000*60%) =      510,000

Contribution Margin = 850k-510k= 340,000

Fixed cost =                                       174,000

Depreciation =                                    75,000

Earnings Before Taxes =                    91,000

Taxes (30%) =                                      (27,300)

Net Income                                 63,700

How a society's culture affects the values found in the workplace is considerably important to an international business with operations in different countries? Management processes and practices may need to vary according to culturally determined work-related values.

Answers

Explanation:

Technological development has enabled social, economic and cultural interactions between countries, generating the phenomenon known as globalization. Therefore, companies saw new opportunities for profitability in different countries, but also new challenges, such as the cultural adaptation of their processes, policies and employees.

It is necessary for organizations to adapt to the multicultural environment in which they operate, aligning their values ​​and organizational ethics to the place in which they operate, since each country has its own set of behaviors, customs and characteristics in the work environment, which therefore they must be included in a company's internal and external processes in a globalized environment so that there is acceptance by the local public of the products and services offered by a company, in addition to protecting and respecting the dignity, culture and values ​​of a people.

When we compute the mean of a frequency distribution, why do we refer to this as an estimated mean?

Answers

Answer:

We call it an estimated mean because it represents the average of the data collected, and we assume that this average (estimated mean) represents the data collected. But this is not necessarily true since the estimated mean is not the same as all the different data collected. Most of the times, when we are working with statistics we do not know or are not even given all the data, we are just given the relevant ratios or indicators.

Longshore Group bought a piece of equipment for use in its operations under the following terms: 5 annual payments of $64,000 for the equipment, including interest. Although the list price of the equipment was $315,000, Longshore Group could have bought it for $300,000 cash. Salvage value is $20,000. Which amount should Longshore Group use to record the purchase of the machine on its books

Answers

Answer:

$300,000

Explanation:

Calculation for Which amount should Longshore Group use to record the purchase of the machine on its books

Amount to record machine purchased=($64,000*5 annual payment)-$20,000

Amount to record machine purchased=$320,000-$20,000

Amount to record machine purchased=$300,000

Therefore the amount that Longshore Group should use to record the purchase of the machine on its books is $300,000

Two major variables in choosing the structure and design of an organization are the opportunities and need for ________.

Answers

Answer:

globalization and localization.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Also, localization (local responsiveness) refers to the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to. Thus, a firm that is facing both strong cost pressures and strong pressures for localization should ensure that it adopts a global standardization strategy.

Hence, two major variables in choosing the structure and design of an organization are the opportunities and need for globalization and localization because the opportunities that abound in the market would determine the level of revenues (cash-inflows) that the organization can generate.

Lisa is trying to earn some extra money for a cruise she's taking in a few months, so she's made sure to book her days so that she has back to back clients. Today she's scheduled some clients to come in for simple washes and cuts between applying and finishing color treatments for other clients. Lisa plans to clean up at the end of her day to save time. What is the ergonomic issue with this situation? Select the best option. This will make her customers annoyed. She won't have enough time to perform each service. It's against licensing policy to schedule services like this. She will have long periods of holding the same posture.

Answers

Explanation:

would it be the overexaustion? I'm not even sure if its a word

Lisa is trying to earn some extra money for a cruise she's taking in a few months, so she's made sure to book her days so that she has back-to-back clients. Today she's scheduled some clients to come in for simple washes and cuts between applying and finishing color treatments for other clients. Lisa plans to clean up at the end of her day to save time. She will have long periods of holding the same posture. The correct option is D.

Why is ergonomics an issue?

Muscle fatigue, muscle imbalances, and strain are all consequences of poor ergonomics. Performing the same motion repeatedly can lead to numerous muscle strains. These develop into repetitive stress injuries, some of the most frequent workplace accidents.

Working in uncomfortable positions or holding one position for a long time. assuming positions that strain the body, such as bending over to use a knife with the wrists bent or twisting the torso while lifting, or repeatedly reaching above shoulder height.

Thus, the ideal selection is option D.

Learn more about ergonomics here:

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what is taxable incomeTanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan and $1200 for an IRA. She had the following income: Wages $22,594

Answers

Answer:

Interests on student loans and IRA contributions are above the line deductions, which means that they decrease a person's AGI before they take any itemized or standard deduction.

Tanya's AGI before taking any deduction = $22,594 - $2,000 = $20,594

Assuming that she is filing her 2020 taxes, the standard deduction for single filers is $12,400, so her total taxable income = $20,594 - $12,400 = $8,194.

Parcel Corporation expects to pay a dividend of $5 per share next year, and the dividend payout ratio is 50 percent. If dividends are expected to grow at a constant rate of 8 percent forever, and the required rate of return on the stock is 13 percent, calculate the present value of growth opportunities.

Answers

Answer:

The present value of growth opportunities is $23.08

Explanation:

First, we need to calculate the price with growth

Stock Price = Expected Dividend / ( Required rate of return - growth rate )

Where

Expected Dividend  = $5

Required rate of return = 13%

Growth rate = 8%

Pacing values in the formula

Stock Price = $5 / ( 13% - 8% )

Stock Price = $100

Now determine the expected EPS

EPS = Dividend / Payout ratio

Where

Dividend = $5

Payout ratio = 50%

Placing values in the formula

EPS = $5 / 50%

EPS = $10

Now calculate the present value of growth opportunity

PV of Growth opportunity = Price with growth - ( EPS / Required rate of return )

Where

Price with growth = $100

EPS = $10

Required rate of return = 13%

Placing value in the formula

PV of Growth opportunity = $100 - ( $10 / 13% )

PV of Growth opportunity = $100 - $76.92

PV of Growth opportunity = $23.08

The Gondwanaland Chairman of Production reported that the new Altair chariots (most modern, horse drawn family chariot) had a PRICE elasticity of 3 and an INCOME elasticity of 2. The supply of these Altair chariots is elastic. Evaluate the following statements and explain why you think they are true, or false.

a. A 20% increase in the price of the Altair chariot will cause the quantity demanded to fall by an astounding 60%.
b. An increase in Gondwanaland consumers' incomes will cause prices to rise, but the total quantity demanded will also increase.

Answers

Answer:

a. true

The statement is true because the price elasticity is 3 .

Price elasticity = percentage change in quantity demanded / percentage change in price

= 60% / 20% = 3

This corresponds with the price elasticity given. Demand is elastic so a rise in price would lead to a greater change in quantity demanded

b. false

Income elasticity measures the relationship between income and quantity demanded. The income elasticity for luxury goods is usually greater than 1. If income of  Gondwanaland consumers' increases, the quantity demanded increases. Prices are not affected

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

Which 3 transactions in QuickBooks Online are reflected in the Accounts Payable Aging Detail report?

a. Bill
b. Statements
c. Vendor Credits
d. Bill Payments
e. Purchase Orders

Answers

Answer:

a. Bill

c. Vendor Credits

d. Bill Payments

Explanation:

QuickBooks Online is an accounting software that has millions of users most of whom are medium and small time businesses. It is very useful in ensuring that the needs of even novices in accounting are taken care of.

In the Accounts Payable Aging detail report, QuickBooks online includes Bills which gives a list of vendors purchased from. It includes Vendor credits which shows the vendors owed and the payment terms of the debt and Bill payments which show the history of payments both owed and already made to certain vendors.

Shirts makes business dress shirts. The shirts could have defects in various ways including in the weave or color of the fabric, loose buttons, wrong dimensions, and uneven stitches. 8 shirts are randomly examined, with the following results. What is the LCL for a three-sigma control chart?

Shirts Defects
1 4
2 6
3 3
4 1
5 5
6 6
7 4
8 6

a. 2.00
b. 0.00
c. -1.90
d. 1.90

Answers

Answer:

our correct option is b = 0.00 for 3 sigma (σ)

Explanation:

Solution:

Let's tabulate the data given:

Shirts                                 Defects

1                                            4

2                                           6

3                                           3

4                                           1

5                                           5

6                                           6

7                                           4

8                                           6

Now, as we can see from the above data,

Number of samples taken = Shirts randomly examined = 8

Now, we have to calculate (C bar), for this we have to divide the sum of defects and total number of samples.

Note: We denoting (C bar) as B. So,

B = Sum of defects/ Number of samples

Sum of defects = 4 + 6 + 3 + 1 + 5 + 6 + 4 + 6

Sum of defects = 35

(C bar) = B = 35/8

B = 4.37

Formula to find out LCL for 3 sigma (σ):

LCL = B - [tex]z\sqrt{B}[/tex]

where z value for 3 sigma = 3

LCL = 4.37 -(3[tex]\sqrt{4.37}[/tex])

LCL = 4.37 - (3 x (2.092)

LCL = 4.37 - (6.276)

LCL = -1.901

So, now, when the LCL = negative, it is taken as 0.0

Hence, our correct option is b = 0.00 for 3 sigma (σ)

1.2. What are five foundations of economics?Eleanor works at a department store and is paid by the hour. She can work as many hours as she wants each week. When not at work, Eleanor likes to spend her time reading. The store recently increased her hourly wage.Fill in the blanks to complete the passage describing Eleanor’s situation.

Answers

Answer:

There is a connection between work and the incentive to work.

The more incentive we have to work, the more work we get done. One of the incentives that we have to work is wages or money.

With the increase in the hourly wage, Eleanor will now weigh how much she would gain or lose in wages every time she chooses to work or not. In order words, the opportunity cost of reading at home. The more time she spends reading rather than working, the more money she loses.

Cheers

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $147
Units in beginning inventory 0
Units produced 2,200
Units sold 1,910
Units in ending inventory 290

Variable costs per unit:

Direct materials $47
Direct labor $34
Variable manufacturing overhead $5
Variable selling and administrative expense $6

Fixed costs:
Fixed manufacturing overhead $39,600
Fixed selling and administrative expense $15,280

The total gross margin for the month under the absorption costing approach is:________

Answers

Answer:

Gross Margin $82,130

Explanation:

The computation of the gross margin under the absorption costing approach is as follows:

Sales ($147 × 1,910 units) $280,770

Less:  

Direct Material ($47 × 1,910 units) $89,770

Direct Material ($34 x 1,910 units) $64,940

Variable Manufacturing Overhead ($5 × 1,910 units) $9,550

Fixed Manufacturing Overhead ($39,600 ÷ 2,200 units) × $1,910 units $34,380

Gross Margin $82,130

2. Which of the following groups of users would primarily be interested in a company's annual
published financial statements?
A. Shareholders and suppliers
B. Management and employees
C. Shareholders and providers of finance
D General public, environmental pressure groups

Answers

Answer:

C. Shareholders and providers of finance

Explanation:

A company's financial report communicates the financial health of a business. It indicates whether a business is profitable and can meet its financial obligations.

Shareholders are the owners of a business. They are interested in the financial reports to know if their venture is making profits. Shareholders expect to earn dividends from the business. Only a profitable business is able to declare dividends. Financial reports guide shareholders in making decisions regarding the future of the business.

Lenders provide debt capital to a business. If the company is profitable, then lenders are happy because their payments are assured. Lenders rely on financial reports in deciding whether to extend or deny credit to businesses.

Florida Palms Country Club adjusts its accounts monthly. Club members pay their annual dues in advance by January 4. The entire amount is initially credited to Unearned Membership Dues. At the end of each month, an appropriate portion of this amount is credited to Membership Dues Earned. Guests of the club normally pay green fees before being allowed on the course. The amounts collected are credited to Green Fee Revenue at the time of receipt. Certain guests, however, are billed for green fees at the end of the month.

The following information is available as a source for preparing adjusting entries at December 31.

1. Salaries earned by golf course employees that have not yet been recorded or paid amount to $9,600.
2. The Tampa University golf team used Florida Palms for a tournament played on December 30 of the current year. At December 31, the $1,800 owed by the team for green fees had not yet been recorded or billed.
3. Membership dues earned in December, for collections received in January, amount to $106,000.
4. Depreciation of the country club's golf carts is based on an estimated life of 15 years. The carts had originally been purchased for $180,000. The straight-line method is used. Note: The clubhouse building was constructed in 1925 and is fully depreciated.)
5. A 12-month bank loan in the amount of $45,000 had been obtained by the country club on November 1. Interest is computed at an annual rate of 8 percent. The entire $45,000, plus all of the interest accrued over the 12-month life of the loan, is due in full on October 31 of the upcoming year. The necessary adjusting entry was made on November 30 to record the first month of accrued interest expense. However, no adjustment has been made to record interest expense accrued in December.
6. A one-year property insurance policy had been purchased on March 1. The entire premium of $7,800 was initially recorded as Unexpired Insurance.
7. In December, Florida Palms Country Club entered into an agreement to host the annual tournament of the Florida Seniors Golf Association. The country club expects to generate green fees of $4,500 from this event.
8. Unrecorded Income Taxes Expense accrued in December amounts to $19,000. This amount will not be paid until January 15.

Required:

a. For each of the above numbered paragraphs, prepare the necessary adjusting entry (including an explanation). If no adjusting entry is required, explain why.
b. Four types of adjusting entries are described at the beginning of the chapter. Using these descriptions, identify the type of each adjusting entry prepared in part a above.
c. Although Florida Palms's clubhouse building is fully depreciated, it is in excellent physical condition. Explain how this can be.

Answers

Answer:

Florida Palms Country Club

a. Adjusting Journal Entries:

1. Debit Salaries Expense $9,600

Credit Salaries Expense Payable $9,600

To record the unpaid salaries.

2. Debit Accounts Receivable (Tampa University Golf Team) $1,800

Credit Green Fee Revenue $1,800

To record earned revenue not yet billed and recorded.

3. Debit Unearned Membership Dues $106,000

Credit Membership Dues Earned $106,000

To record membership dues earned.

4. Debit Depreciation Expense on Golf Carts $12,000

Credit Accumulated Depreciation $12,000

To record depreciation expense for the year.

5. Debit Interest Expense $300

Credit Interest Expense Payable $300

To accrue interest expense for the month of December.

6. Debit Insurance Expense $6,500

Credit Insurance Prepaid (Unexpired Insurance) $6,500

To record insurance premium for 10 months.

7. No entry is required because the period in which the tournament will be hosted is not disclosed.  Revenue is only recorded when performance obligations have been fulfilled.

8. Debit Income Taxes Expense $19,000

Credit Income Taxes Expense Payable $19,000

To record accrued expenses for the year.

b. The types of adjusting entries prepared in part a above are:

Accrued Expenses

Accrued Revenue

Deferred Revenue

Depreciation estimate

c. That Florida Palm's clubhouse is fully depreciated but remains in excellent physical condition results from the fact that depreciation is a systematic allocation of the cost of the clubhouse costs over its estimated useful life.  This implies that depreciation is merely an accounting estimate that spreads the cost of the clubhouse over its useful life and not an attempt to put a value on the clubhouse.

Explanation:

a) Data and Calculations:

1. Depreciation Expense on the golf carts = $180,000/15 years = $12,000 per annum based on the straight-line method of depreciation.

2. Interest expense on the bank loan = $45,000 * 8% * 1/12 =  $300

3. Insurance Premium Expense = $7,800 * 10/12 = $6,500

Which of the following statements is LEAST accurate?

a. Color can be used for headings. WRONG
b. Color helps readers focus on essential information.
c. Use very bright colors to draw attention to text.
d. Bold or shading can be used instead of color.

Answers

Answer


It could be A or B just try one
Other Questions
On a math test a student, Sarah, has to identify all the coefficients and constants ofthe expression 8 + 7b+y. Sarah says that 7 is a coefficient and 8 is a constant. Identify all thecoefficients and constants of the expression. What error might Sarah have made?The coefficient(s) of the expression is/are -(Use a comma to separate answers as needed. 1. Describe what Japan was doing in the Asian theater to start WWII in that area. In what situation would you use the sine or cosine law, rather than just a simple trigonometric ratio? can somebody help me ? When a number increases by 25% it becomes 20 find the numbers Work out the area of this circle with radius 11.2 take pie to be 3.142 and give your answer to 2 decimal places which statements best describes the men at the general store? Jori is 2 years older than Sage but 4 years younger than Victoria. Sage is 3 years less than a score. How old is sage? please show an explanation. Write a multiplication sentence to find of the rectangle by moving numbers to the line What is the approximate area of the circle shown below? Please help and thank youA. 11.6 ft2B. 172 ft2C. 23.2 ft2D. 43 ft2 1. (1.-2).(-2, 0).(-1,2). (1.3)Function:Domain:Range: Find the value of x in the triangle shown below choose 1 answer What is the absolute value of -9? What word is spelled by the following letters?ene, o, eme, be, ere, e|Asap help Which describes velocity? You shouldn't get up or make dinner. You think you're fine but you need to stay in bed because you are sick. You need to give your body a chance to get well because you will only get better with rest. 2(1-x)+3xPLZ ANSWER How much is the orange moon counted for?How much is the green circle counted for? The Necklace She was one of those pretty and charming girls born, as though fate had blundered over her, into a family of artisans. She had no marriage portion, no expectations, no means of getting known, understood, loved, and wedded by a man of wealth and distinction; and she let herself be married off to a little clerk in the Ministry of Education. Her tastes were simple because she had never been able to afford any other, but she was as unhappy as though she had married beneath her; for women have no caste or class, their beauty, grace, and charm serving them for birth or family, their natural delicacy, their instinctive elegance, their nimbleness of wit, are their only mark of rank, and put the slum girl on a level with the highest lady in the land. She suffered endlessly, feeling herself born for every delicacy and luxury. She suffered from the poorness of her house, from its mean walls, worn chairs, and ugly curtains. All these things, of which other women of her class would not even have been aware, tormented and insulted her. The sight of the little Breton girl who came to do the work in her little house aroused heart-broken regrets and hopeless dreams in her mind. She imagined silent antechambers, heavy with Oriental tapestries, lit by torches in lofty bronze sockets, with two tall footmen in knee-breeches sleeping in large arm-chairs, overcome by the heavy warmth of the stove. She imagined vast saloons hung with antique silks, exquisite pieces of furniture supporting priceless ornaments, and small, charming, perfumed rooms, created just for little parties of intimate friends, men who were famous and sought after, whose homage roused every other woman's envious longings.When she sat down for dinner at the round table covered with a three-days-old cloth, opposite her husband, who took the cover off the soup-tureen, exclaiming delightedly: "Aha! Scotch broth! What could be better?" she imagined delicate meals, gleaming silver, tapestries peopling the walls with folk of a past age and strange birds in faery forests; she imagined delicate food served in marvelous dishes, murmured gallantries, listened to with an inscrutable smile as one trifled with the rosy flesh of trout or wings of asparagus chicken.She had no clothes, no jewels, nothing. And these were the only things she loved; she felt that she was made for them. She had longed so eagerly to charm, to be desired, to be wildly attractive and sought after.She had a rich friend, an old school friend whom she refused to visit, because she suffered so keenly when she returned home. She would weep whole days, with grief, regret, despair, and misery.Read each of the excerpts below from The Necklace. Most of them provide textual evidence for a theme related to the main character's belief that having more money would make her happy. Which excerpt is NOT related to this theme.They walked down towards the Seine, desperate and shivering. At last they found on the quay one of those old night-prowling carriages which are only to be seen in Paris after dark, as though they were ashamed of their shabbiness in the daylight.One evening her husband came home with an exultant air, holding a large envelope in his hand. "Here's something for you," he said. Swiftly she tore the paper and drew out a printed card on which were these words: "The Minister of Education and Madame Ramponneau request the pleasure of the company of Monsieur and Madame Loisel at the Ministry on the evening of Monday, January the 18th.""I'm utterly miserable at not having any jewels, not a single stone, to wear," she replied. "I shall look absolutely no one. I would almost rather not go to the party." "Wear flowers," he said. "They're very smart at this time of the year. For ten francs you could get two or three gorgeous roses." She was not convinced.She suffered endlessly, feeling herself born for every delicacy and luxury. She suffered from the poorness of her house, from its mean walls, worn chairs, and ugly curtains. Which of the following is NOT a part of a circuit? source pathway current load