Answer:
24%
Explanation:
Calculation to determine their housing ratio
Using this formula
Housing ratio= Housing expenses / Gross monthly income
Let plug in the formula
Housing ratio= $2,700/ $11,300
Housing ratio= 24%
Therefore their housing ratio is 24%
Answer:
Journal Entries
Dr. Investment in Lopez Railways Inc. $600,000
Cr. Cash $600,000
Dr. Investment in Lopez Railways Inc $59,600
Cr. Income of Investment in Lopez Railways Inc $59,600
Dr. Cash $10,800
Cr. Investment in Lopez Railways Inc $10,800
Explanation:
As Windsor Locomotive Corporation has purchased 40% interest in Lopez Railway Inc.Lopez Inc. is classified as the associate company of Windsor Corp.
Share in net Income = $149,000 x 40% = $59,600
Share In Dividend = $27,000 x 40% = $10,800
The book value of the company’s assets is the sum of the values
of individual assets entered in the books of the company. The following would
be its book value:
Cash $34,600
Accounts receivable $54,200
Inventory $92,300
Fixed assets $234,500
Accumulated depreciation of fixed assets ($107,900)
Total book value of the assets of the firm $307,700
A(n) _____ is a carefully crafted document that reflects the performance specifications of the project deliverables .A project scope.
What is the project scope?
Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines. The documentation of a project's scope is called a scope statement or terms of reference.
Project scope importance:
Project scope is a part of the project planning process that documents specific goals, deliverables, features, and budgets. The scope document details the list of activities for the successful completion of the project. The scope is defined by understanding the project requirements and the client's expectations.
.What should a project scope include?
Project scope is a detailed outline of all aspects of a project, including all related activities, resources, timelines, and deliverables, as well as the project's boundaries.
Learn more about project scope:
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Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
