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KengaRu [80]
2 years ago
8

As the property manager, galena places advance rental funds in an interest-bearing account for her landlord. which of these must

she also do?
Business
1 answer:
Elden [556K]2 years ago
8 0

She must deposit the advance rental money in an account with at least $15 of the landlord's own money.

In a lease arrangement, the term "rental advance" refers to the initial, lump-sum payment of rent paid by the tenant (lessee) to the lessor (lessor). The monthly rent that the lessee is required to pay is then subtracted from this lump sum figure.

By debiting the cash account and crediting the unearned rent, the business can record an entry in the ledger for rent that was received in advance. Advance rent is a liability account with a credit-side balance as its default setting. The balance sheet's assets and liabilities grow by the same amount as a result of this journal entry.

Learn more about advance rental money here

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How does the federal government spend its income?
Ugo [173]
All U.S gov. spending can be divided into 3 categories. 1) Mandatory spending. 2) Discretionary spending & 3) Interest on federal debt. Hope this helps you! :)
8 0
3 years ago
Why might a stock at any point in time not be in equilibrium?
WITCHER [35]
<span>A stock may at any point in time not be in equilibrium because the supply and demand of a commodity fluctuates depending on economic factors such as employment, income, and general financial confidence of consumers. This is always changing.</span>
5 0
4 years ago
Millions of software programs have been created and have helped to improve the economy. This is an
I am Lyosha [343]

Answer:

new technology.

Explanation:

An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems and technology in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.

Additionally, an information system or technology comprises of five (5) main components;

1. Hardware.

2. Software.

3. Database.

4. Human resources.

5. Telecommunications.

Overtime, millions of software programs have been created and have helped to improve the economy. This is an example of new technology.

Basically, these new technologies have helped to simplify the process of producing goods and services effectively and efficiently to meet the unending needs and requirements of the consumers.

3 0
3 years ago
Justin is the grantor of an ILIT. When he dies, his estate needs cash for funeral costs, final medical expenses, death taxes, et
slavikrds [6]

Answer:1 the answer is d, 2. The answer is d, 3.The answer is C, 4. The answer is d, 5. When the policy holder does not dies within the years in which the policy was taken

Explanation:

1.Trust is a group of people which has the authority to manage a asset of the owner of the asset after the death of the owner of such asset. The trustee take over the management of the asset that is the properties of the owner after the death of the owner.

2.The major type of insurance are motor vehicle insurance, fidelity guarantee insurance, fire insurance, burglary theft or robbery insurance, Accident insurance, life insurance such as joint life insurance, whole life insurance,term insurance, Annuity insurance, indexed universal life insurance.

3.Annuity insurance : This is the insurance policy in which the insured pays a lump sum of money in form of premium to the insurance company which matures at the retirement of the insured .the insurance company makes regular payment of income to the policy holder on his retirement for a specified period or for the rest of his life depending on the agreement reached and the lump sum paid by the insured.

4.The joint life insurance is the insurance policy which can be jointly taken by two people, the insurance company pays a lump sum to the person who has not died out of the two people that take the policy if the first person out of the two person that takes the policy dies within the period in which the policy was taken with the insurance company.

5. Incident of ownership is the right given by the insurance company to the insured to change the beneficiary listed by the insured on the life insurance policy taken by the insured with the insurance company. The insured can exercise his right under this measures to change the names of the beneficiaries who will receive the benefits after the death of the insured.

6 0
4 years ago
Which best describes a way people can use personal loans?
astraxan [27]

Answer:

To pay for groceries

Explanation:

Personal loan is a type of unsecured loan which a person takes to fulfill his basic daily financial needs. And it is quite flexible, means the borrower is free to use as per his/her need. For example, travelling costs, groceries, medical emergencies, home renovation etc.

6 0
3 years ago
Read 3 more answers
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