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Related Questions
property taxes are $4,200 per year. The closing is April 20th and closing day is charged to the buyer. Using the 365-day method, how will the proration of property taxes show on on the closing statement?
Answers
Answer:
Dr Seller $1,254.25
Cr Buyer $1,254.25
Explanation:
Calculation for how will the proration of property taxes show on the closing statement
First step is to calculate days of seller ownership
Days of seller ownership= 31 days in January 31 + 28 days in February+31 days in March + 19 days in April
Days of seller ownership=109 days
Second step is to calculate the tax owed by the seller using this formula
Tax owed by the seller =[(Property taxes ÷365 days)*Days of seller ownership]
Let plug in the formula
Tax owed by the seller=[($4,200 per year÷365 days)*109 days
Tax owed by the seller=$1,254.25
Last step is how will the proration of property taxes show on on the closing statement
Closing statement Entries will be show as:
Dr Seller $1,254.25
Cr Buyer $1,254.25
Therefore how will the proration of property taxes show on the closing statement is Debit Seller $1,254.25 and Credit Buyer $1,254.25
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2. It's best for event marketers to have a single official website listing information about the event?
Answers
Answer:
True
Explanation:
Customers have a preference for a one-stop shopping experience. In other words, customers would prefer to shop in a store that provides a variety of all the products and services they need.
For event marketers, it will be advantageous if they list all their services on a single website. Customers requiring a wide range of services are likely to contact them for business. If they list services on different websites, customers will likely view them as different providers, offering varied services. This will make them continue searching for a preferred service provider.
A. Avoid extra payroll expenses.
B. Get the best rates on advertising.
C. Change the product you provide.
D. Use resources wisely.
E. Beat the competition.
F. Get the best rates on supplier purchases.
G. Eliminate some free services,
H. Increase worker efficiency,
1. A shop that sells fine glassware offers gift wrapping at no extra cost.
Rationale:
Answers
Answer:
A. Avoid extra payroll expenses.Explanation:
i hope it helps :)
An expense is referred to as the outflow of the cash or the assets of the company or the firm. Basically, an expense is incurred when the company faces a shortage of assets or the company owns any of the liability.
The correct option is A. Avoid extra payroll expenses.
A shop that sells fine glassware offers gift wrapping at no extra cost avoids the payroll expenses. Payroll expenses are the expenses that are termed as the expenses that are regarding the wages and the compensation of the holidays and the sick pay. These all expenses are accrued at the closing dates.
To know more about the payroll expenses, refer to the link below:
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Buyer Bill has agreed to pay for a computer system after all hardware has been installed and operational. What type of contract does Bill hold
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Answer:
"Executory" is the right solution.
Explanation:
An executory contract would be a contract concluded by individuals involved, these same phrases among which are always to be accomplished at that same future stage. This same agreement states that when both parties always have responsibilities to fulfill before they could be finalized, which are often in a position in between the debt collector or bondholder and maybe the other individual.One of the big advantages to a 401(k) plan is that ______. a. 401(k) plans are rare enough that they are very valuable b. the plan automatically increases in value by 500% c. you don't have to pay into a 401(k) with your own money d. the amount you contribute reduces your taxable income
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Answer:
d. the amount you contribute reduces your taxable income
Explanation:
The 401(k) plan is the plan that has the tax advantage in the retirement. It could be opened via the employees, Here the money could be grow at tax-free. In this, if the amount is contributed so it could lowered the tax burden and unless you withdrawn you dont have to pay the tax in the retirement
Therefore as per the given situation, the option d is correct
Answer:
the answer is D
Explanation:
on edge 2020
A(n) _________ is an Internet-based firm that specializes in the secure electronic transfer of funds.
Answers
Answer:
Broadband internet connection
Explanation:
a service was performed for a client with payment due in 30 days what accounts are affected
a) debit Capital, Credit bank
b) debit accounts receivable, credit capital
c) debit Bank, credit accounts receivable
d) credit accounts payable, debit capital
Answers
Answer:
b) debit accounts receivable, credit capital
Explanation:
Performing service is part of normal business activities. It generates revenue for the business.
Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.
The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.
2. Which statement about the factors of production is correct?
A) A river from which a company draws water is called land.
B) Raising finance for a company is called capital.
C) Supervisors employed in a company are called enterprise.
D) The owner of a company is called labour,
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Answer:
A) A river from which a company draws water is called land.
Explanation:
There are mainly 4 Factors of Production and these are:
1. Labor
2. Land
3. Capital
4. Entrepreneurship
Labor doesn't refer to the owner of the company. It refers to the work that is being done in order to finish a particular project or work. This makes choice D incorrect.An enterprise refers to the entire company or business. It doesn't limit itself to the supervisors involved. This makes choice C incorrect.Capital in the form of money is not a factor of production. Raising finance for a company means raising money. An example of capital as a factor of production is purchasing an equipment for commercial/business purposes. This makes choice B incorrect.When it comes to "land" as a factor of production, it refers to the natural resources, which means it includes not only the forests, mountains and the like but also the oceans, rivers, lakes, etc. as long as it is being used in the production process. This makes choice A correct.As of year-end, June Company had three different inventory items in its ending inventory. June had 10 units of each item on hand. The unit cost, replacement cost, expected selling price, estimated disposal and completion costs, and normal gross profit as a percentage of expected selling price follow: Item A: $10, $9, $20, $2, 50% Item B: $30, $32, $50, $4, 30% Item C: $50, $48, $90, $0, 40% June uses a LIFO costing method. By what amount will June write-down its inventory?
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Answer:
$10
Explanation:
unit cost, replacement cost, expected selling price, estimated disposal and completion costs, and normal gross profit as a percentage of expected selling price follow
Item A: $10, $9, $20, $2, 50%
Item B: $30, $32, $50, $4, 30%
Item C: $50, $48, $90, $0, 40%
I used an excel spreadsheet to calculate the value of ending inventory using the lower of cost or market value. The ending inventory = $890, while the purchase cost = $100 + $300 + $500 = $900
the inventory should be written down by $10
Mario owns a store that sells skateboard equipment. Mario understands that people are most likely to notice his headline text in a text ad.What should Mario include in his headline
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The current global human population is about 7.6 billion and is growing at an annual rate of 1.35 percent. If world population were to grow at this rate for the next year, approximately how many people would be added
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Answer:
76×10^6 people or 76 million people
Explanation:
Let the population of the world now be Po = 7.6 × 10^9
Let the population next year be P
Let the time elapsed be t= 1 year
Let the growth rate be k= 1.35%
From;
P= Poe^kt
P= 7.6 × 10^9 e^0.0135× 1
P= 7.6 × 10^9 × 1.01
P= 7.676 × 10^9
Number added =
7.676 × 10^9 - 7.6 × 10^9 = 76×10^6 people
Morse is a 50% partner in Ecco Partnership. Morse's tax basis in Ecco on January 2 was $4,000. Ecco did not have unrealized receivables, appreciated inventory, or properties that had been contributed by its partners. On December 31, Ecco made an $11,000 nonliquidating cash distribution to Morse. For the year, Ecco reported $10,000 of ordinary business income. What is the amount of the net capital gain realized by Morse from the cash distribution
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Answer:
$2,000
Explanation:
Calculation for the amount of the net capital gain realized by Morse from the cash distribution
First step is to calculate the basis prior to the distribution
Basis prior to the distribution=[$4,000+(50%* $10,000)]
Basis prior to the distribution=$4,000+$5,000
Basis prior to the distribution=$9,000
Now let calculate net capital gain realized by Morse from the cash distribution
Net capital gain realized from cash distribution=($9,000-$11,000)
Net capital gain realized from cash distribution=$2,000
Therefore the amount of the net capital gain realized by Morse from the cash distribution will be $2,000
________ firm engages in trade and marketing in different countries as an extension of the marketing strategy in its home country.
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Answer:
Multinational firm
Explanation:
Multinational firm engages in trade and marketing in different countries as an extension of the marketing strategy in its home country. Its refers to a company which has headquarters in one country but operating in many countries. Multi-national firm owns several companies that stand in different countries. Adjustment to the culture in each country into which is a must in order to survive and succeed. By setting up production units in many other countries are expected to save the cost of production and distribution costs to get products into the hands of the end consumer.
Help find Robert! South Carolina people help me find Robert! thank you!
Answers
Answer:
Why do you keep on putting this out?
Explanation:
If members of a project team report formally to a functional manager (not directly to the project manager) what type of organization is it
Answers
Answer:
Matrix organization
Explanation:
Hope this was helpful! Have a good day
Suppose that when the price of milk rises 20%, the quantity demanded of milk falls 10%. Based on this information, what is the approximate absolute price elasticity of demand for milk
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Answer:
0.5
Explanation:
Calculation for what is the approximate absolute price elasticity of demand for milk
Using this formula
Price elasticity of demand=Quantity demanded/ Increase in price
Let plug in the formula
Price elasticity of demand=10%/20%
Price elasticity of demand=0.5
Therefore the approximate absolute price elasticity of demand for milk will be 0.5
What is his middle name??(ps it's not answered).
Answers
Answer: um I don’t know who you want for a middle name but are you talking about “Jonathan Charles Peters Johnson” I guess that what you want
Explanation: Hope this help ;)
Answer:
juan
Explanation:
I NEED HELP FAST!!
Peter is assisting with a report that will forecast sales for the next year. He has been asked
to collate sales data for the previous five years in different seasons. He understands that
will help account for seasonal trends. What kind of sales forecast report is Peter working
on?
n
Peter is working on a
report to forecast sales.
Delphi method
time series analysis
sales force estimation
sales forecasting
It is not the last one. I already tried it.
Answers
Answer:
Time Series Analysis
Explanation:
Time Series Analysis is the process of forecasting sales through the means of looking at a certain range of time from the past.
Delphi method is the use of public opinion to form data and Sales force estimation is for future sales and not past ones.
Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
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Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
All are primary aspects of Western culture that author Margaret J. Wheatley believes are responsible for management except _____ .
competition
a mechanistic worldview
democratic principles
individualism
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Answer:
a mechanistic worldview
Explanation:
According to Margaret J. Wheatley, the primary aspects of Western culture that are responsible for management are individualism, democratic principles, and competition.
Therefore, the oddity in the options given and the correct answer is B. a mechanistic worldview.
What can give working people information about their fields, including conferences and leadership opportunities in those fields?
an extracurricular activity
a career and technical student organization
a professional organization
a cocurricular activity
Answers
Answer:
a professional organization
Explanation:
A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.
A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.
Answer:
C
Explanation:
PLEASE HELPPP 50 pts!
Your friend Jasmina is excited that you took personal finance this semester and comes to you for investing advice. She tells you: "I'm totally new to investing. I kind of know what a stock and bond are but I don't really know which specific ones to invest in. I remember playing the stock market game in school so I know the way to invest is to select individual stocks to put your money in! But, I don't know WHERE I go to actually start investing! When I started my job, our HR department told me that they offer a 401(k) plan and do a dollar-for-dollar match up to 3%...although I don't know what any of that actually means. I've also heard a lot of crazy stories in the news about individual stock prices just plummeting because of an unforeseen event, and I'm super worried that I'll lose my money. What should I do? Where do I start?"
In your response below, - Answer Jasmina's questions to make sure she gets the investing knowledge she's looking for - Clarify any misconceptions she has about investing - Identify what steps Jasmina can take to start investing. Make sure you explain why she should take these -steps and how they will set her up for success. - Identify steps she can take in the future once she's more comfortable with investing
what is Jasmina's Saving & Investing Plan:
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Answer:
Her investing plan is saving up by finding a place to keep money you should probably worry on other things save up then spend if not you'll probably lose more money than needed find a place where they dont change much based on your money find a place where theres no scams you need to research to find a plan and a safe place.
Jasmina's saving & investing plan based on the available information we have, is to:
Find a trusted place where she can invest her moneyAccording to the given question, we are asked to show the things which Jasmina is looking for as she hunts the best way to invest her money and get reasonable returns within a given time period.
As a result of this, we can see that some steps which she could take in order to be more comfortable when investing which are:
Doing her own personal researchUse a demo account Enable stop loss, etcWith this in mind, she would be less likely to fall into dubious schemes of people promising ridiculously high returns on investment that are really out to scam her and she would make a better informed decision.
Read more here:
https://brainly.com/question/25245946
After an economy begins to recover, suppose that the Fed quickly raises interest rates back to the level seen before the recession in order to prevent inflation. Which type of Fed policymaker would be more likely to favor this action
Answers
Answer:
Hawks
Explanation:
In simple words, A hawk, sometimes recognized as just an inflation hawk, can be understood as the policymaker or analyst who is primarily obsessed with lending rates as their contribute to monetary policy.
To maintain inflation in control, a hawk normally prefers reasonably high interest rates. In other terms, redskins are less worried with global development just like they are with downturn risk brought to pressure by rising inflation.
Thus, from the above we can conclude that the correct answer is hawk.
Every business is unique — including yours! Based on the goals described below, choose the campaign type that could best help you achieve those objectives.
Answers
Answer: Social media campaign
Explanation:
For a business whose objective is trading of a mechanical product called a pump, one of the best way to promote the business to reach goals is through social media campaign. Social media campaign is the use of social media platforms to promote a brand or business with it's services and amazing contents that would make the target market buy the goods.
Which is a possible benefit of having a good credit history?
getting a high interest rate on a credit card offer
obtaining a low interest rate on a loan
obtaining a savings account
having a paycheck garnished
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Answer:
Your borrowing capacity is based on your income and your credit score. One of the benefits of having a good credit score is that banks are willing to let you borrow more money because you’ve demonstrated that you pay back what you borrow on time.
Explanation:
Answer:
B.
Explanation:
edge2021
what are the similarities and dissimilarities between traditional and improved oven?.
Answers
Answer:
The similarities and dissimilarities between traditional and improved oven is described below in details.
Explanation:
Both varieties of ovens look identical, and both can be gas or electrical. The distinction between them is that the origin of heat under a conventional oven is fixed and rises up from the ground. The heat from a convection furnace is travel by blowers, so the air travels all over the interior of the oven.
In a convection oven, the hotness is scattered equally all nearby the meal. Expert meal makers like convection furnaces because they not only prepare meals precisely, but they prepare them as much as 26 percent quicker than a conventional oven.
The conversion factor (CF) is a national dollar amount that is applied to all services paid on the basis of the ____________________.
Answers
the Medicare Fee Schedule
The conversion factor (CF) is a national dollar amount that is applied to all services paid on the basis of the Medicare fees.
What is conversion factor?The conversion factor which is basically a mathematical ratio that expresses the relationship between two different units of measurement for the same quantity.
It is used to convert one unit of measurement to another equivalent unit of measurement. For example, the conversion factor between inches and centimeters is 2.54, meaning that 1 inch is equivalent to 2.54 centimeters.
Conversion factors are often used in scientific and engineering calculations, where measurements are expressed in different units.
On the basis of the Medicare fees, the conversion factor (CF) which is a national dollar amount is applied.
Learn more about conversion factor here:
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What written document gives public notice that a mortgaged property may soon have a judgment issued against it
Answers
Answer: lis pendens
Explanation:
Using 2000 as a base year, suppose the 2010 nominal GDP is 18 trillion and the 2010 real GDP is 15 trillion. What is the GDP deflator for the year 2000 to 2010
Answers
Answer:
120
Explanation:
GDP deflator = (Nominal GDP / real GDP) * 100
GDP deflator in 2010 = (Nominal GDP in 2010 / Real GDP in 2010)*100
GDP deflator in 2010 = (18 trillion / 15 trillion)*100
GDP deflator in 2010 = 120
So, GDP deflator in 2010 is 120
Mark sold his home to Lenny. Lenny moved into the home, but did not record the deed. A few weeks later, Mark died. His heirs were unaware that he had sold the home, and conveyed title to Donald, who actually recorded the deed. Who owns the property
Answers
Answer:
Lenny
Explanation:
Even though Lenny moved into the home but did not record the deed which is a legal document that will prove and show the transfer of ownership of the property from Mark to Lenny in which Donald was the one who recorded the deed , the person who OWNS the property is LENNY reason been that we were told that Mark sold his home to LENNY before he died a few weeks later.
Therefore the person who owns the property is LENNY.