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Sati [7]
1 year ago
15

All definitions are correct except: Leverage: using other people's money. Equity buildup: As the loan is paid, the amount an inv

estor has invested increases, thus decreasing the loan and increasing equity. Liquidity: how fast the property can be sold. Basis: an income tax term meaning how much the property is currently worth.
Business
1 answer:
Verizon [17]1 year ago
7 0

The definition that is not correct is that Leverage: using other people's money.

<h3>What is leverage?</h3>

When it comes to property, using leverage means borrowing money from a bank or financial institution.

Leverage is therefore not a simple matter of using other people's money, but rather using complex loan instruments from institutions.

Find out more on property mortgage at brainly.com/question/22598793.

#SPJ12

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.

Direct labor per unit= 0.25*14= $3.5

Direct labor equation= 3.5*x

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For example:

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Answer:

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The effect of the write-off of the bad debt or uncollectible is a reduction of the 2019 net income by $1,281.

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The write-off of the bad debt also reduces the Allowance for Bad Debts account balance and the Accounts Receivable balance in the account of Tabor by $1,281.  The purpose is to accurately report Tabor's net income by taking into account all expenses and losses, just as all revenues and incomes must be accounted for.  This gives a more accurate picture of Tabor's financial performance during the current financial period.

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