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1 year ago

Grace wants to work with clients who are interested in time-shares. What property type will she be dealing with

Business

1 answer:

pychu [463]1 year ago

7 0

To work with clients interested in time-shares, Grace can handle the recreational property.

<h3 /><h3>What is a recreational property?</h3>

Corresponds to a property controlled by a government agency that is intended for leisure and recreation activities, such as parks and ecological reserves, where individuals can make visits for the purpose of entertainment, education or fun, during a vacation, for example.

This type of property is intended for the leisure of the population, and may be charged a fee for maintenance of the area or have free entry.

Another category of recreational property is properties used periodically for leisure purposes, such as houses rented for summer seasons.

Therefore, as Grace is interested in working with clients interested in time-shares, the ideal recreational property for her to work with would be vacation properties, which are shared properties for periodic use at different times.

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3 years ago

An employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day. True or false?.

padilas [110]

It is true that an employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day.

A time ticket is used to track the hours for which an employee will be paid in the upcoming payroll. Employees' time tickets are reviewed and approved by a supervisor at the closing of each pay period. After which the payroll team use them to calculate the hours worked by an employee. This serves as a basis for calculating gross pay.

When an employee clocks in or out, they generally put a time ticket into a time clock that are printed in an oblong, thick paper shape. Usually time tickets are physical cards that are stamped with beginning and ending times of employees work days. The payroll accountant or bookkeeper creates time tickets after the pay month has ended.

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2 years ago

Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,620 Cost of goods sold 4,240 Depreciation 355 Earnings before

Mademuasel [1]

Answer:

1.59 times

Explanation:

Average total assets = Beginning total assets + Ending Total assets / 2

Average total assets = 6,470 + 6,705 / 2

Average total assets = $6,587.5

Beginning Total equity = Common stock + Retained earnings

Beginning Total equity = $3,240 + $3,080

Beginning Total equity = $6,320

Ending Total equity = Common stock + Retained earnings

Ending Total equity= $880 + $1,130

Ending Total equity = $2,010

Average total equity = Beginning Total equity + Ending Total equity / 2

Average total equity = $6,320 + $2,010 / 2

Average total equity = $4,165

Equity multiplier for 2017 = Average total assets / Average total equity

Equity multiplier for 2017 = $6,587.5 / $4,165

Equity multiplier for 2017 = 1.581632653061224

Equity multiplier for 2017 = 1.5816 times

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3 years ago

IBM has just issued a callable (at par) 10 year, 6% coupon bond with annual coupon payments. The bond can be called at par in on

Andrew [12]

The bond can be called at par in one year or anytime thereafter on a coupon payment date. Ithas a price of $97 per $100 face value

A bond is a type of financial security in which the issuer owes the holder a debt and is obligated to repay the principal of the bond as well as interest over a specified period of time, depending on the terms. Interest is usually paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a corporation. The investor agrees to give the corporation a specific sum of money for a set period of time. In exchange, the investor receives interest payments on a regular basis.

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1 year ago

Sheridan Company reports the following information (in millions) during a recent year: net sales, $17,371.2; net earnings, $481.

jeka57 [31]

Answer and Explanation:

The computation is shown below:

As we know that

1. Return on assets is

= Net income ÷ avg total assets

where,

Avg total assets is

= (opening total assets + closing total assets) ÷ 2

= ($6,806.4 + $6,899.2) ÷ 2

= $6,852.8

Now return on asset is

= $481.6 ÷ $6,852.8

= 7.0%

2. Assets turnover ratio = net sales ÷ avg total assets

= $17,371.2 ÷ $6,852.8

= 2.5 times

3. Profit margin = net income ÷net sales

= $481.6 ÷ $17,371.2

= 2.8%

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3 years ago