Answer:
Option 1 is correct because accumulated depreciation account is contra asset account and has a credit balance that is adjusted in the balance sheet. This accumlated depreciation is adjusted against the value of the asset when the asset is sold or disposed off.
Explanation:
Other options are incorrect because Accumulated depreciation is contra asset account and is credit in nature, not debit in nature. Furthermore, saying that accumulated depreciation account is contra revenue account which is also incorrect.
Answer:
a. $80
Explanation:
investment made $24,000,000
Return required at $1 per 1,000 $24,000
Number of rooms 300
Room rent should be = $24,000 / 300
= $80
Therefore, The price of a room night be at the High Towers Center should be $80.
Answer:
option A is correct
Amount that not covered is $162000
Explanation:
given data
insures deposits = $250,000
individual account = $200,000
joint account = $424,000
to find out
How much of Suzanne's money is not covered by FDIC insurance
solution
we know that
here eligible coverage amount is = $200000 + 1/2 × 424000
so eligible coverage amount is = $412,000
and we know that
Amount covered = $250000
so that
here Amount that not covered is = $412000 - $250000
Amount that not covered is $162000
so option A is correct
Answer:
Factor market is the market where companies purchase the factors of production and resources that they utilise to produce goods and services. They buy the productive resources to make payments at factor prices. Factor maker is also called input market. It is different from product market in which the households are buyers and businesses are sellers. The factor market is opposite of this.
