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Vika [28.1K]
1 year ago
14

Rents of $750.00 per month on each unit of a 4-plex are current. for an october 16th closing, the rent proration on the settleme

nt statement would be:________
Business
1 answer:
Lady bird [3.3K]1 year ago
5 0

Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.

-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38

<h3>What does it mean to prorate your rent?</h3>

The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.

You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.

To learn more about rent proration visit:

brainly.com/question/14087263

#SPJ4

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A white college receptionist is fired when it is found that she told a black college applicant that the applications for admissi
aleksandr82 [10.1K]

Probably the employee will be entitled to reintegration into the company.  The employee probably lost her job because she exposed the discriminatory employment conditions of blacks in that company. In this case, it is possible for the employee to take legal action for retaliation against her rights, protected by Title VII.

3 0
2 years ago
Jamar used to work as an office manager, earning $40,000 per year. He gave up that job to start a life-coaching business. In cal
Eva8 [605]

Answer:

B) opportunity costs.

Explanation:

The $40,000 salary that Jamar gave up are part of his opportunity costs.

Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.

When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:

economic profit = accounting profit - implicit costs

7 0
3 years ago
You are interested in purchasing a new car and have done some research. One of the many points you wish to consider is the resal
kari74 [83]

Answer:

The 99% confidence interval would be given by (12004.26;12995.74)  

Explanation:

1) Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

\bar X=12500 represent the sample mean for the sample  

\mu population mean (variable of interest)

s=700 represent the sample standard deviation

n=17 represent the sample size  

2) Confidence interval

The confidence interval for the mean is given by the following formula:

\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}   (1)

In order to calculate the critical value t_{\alpha/2} we need to find first the degrees of freedom, given by:

df=n-1=17-1=16

Since the Confidence is 0.99 or 99%, the value of \alpha=0.01 and \alpha/2 =0.005, and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.005,16)".And we see that t_{\alpha/2}=2.92

Now we have everything in order to replace into formula (1):

12500-2.92\frac{700}{\sqrt{17}}=12004.26    

12500+2.92\frac{700}{\sqrt{17}}=12995.74    

So on this case the 99% confidence interval would be given by (12004.26;12995.74)    

8 0
2 years ago
Janet bought a share of stock for $47.50 that paid a dividend of $.72 and sold one year later for $51.38. What was her dollar pr
LiRa [457]

Answer:

Dollar profit/loss= $4.6

Holding period of return = 9.68%

Explanation:

Janet bought a share of stock for $47.50

Dividend paid is $0.72

The stock was sold later at $51.38

The first step is to calculate the dollar profit/loss

= stock after a year - cost of stock + dividend paid

= $51.38 - $47.50- $0.72

= $4.6

The holding period return can be calculated as follows

= dollar profit/loss ÷ purchasing price of stock

= 4.6/47.50

= 0.0968×100

= 9.68 %

6 0
2 years ago
HW2: ABC Co. acquired the $100,000, 6% bonds on 2001/12/31. Market price of the bonds: $102,723 (including brokerage fee of $153
weqwewe [10]

The preparation of the related journal entries for each period for ABC Co. is as follows:

<h3>Journal Entries:</h3>

2001/12/31 Debit Bonds Receivable $100,000

Debit Bonds Premium $2,723

Credit Cash $102,723

2002/12/31 Debit Cash $6,000

Credit Interest Revenue $5,136

Credit Amortization of Bonds Premium $864

2003/12/31 Debit Cash $6,000

Credit Interest Revenue $5,093

Credit Amortization of Bonds Premium $907

2004/9/30 Debit Cash $105,500

Credit Interest Revenue $3,786

Credit Amortization of Bonds Premium $952

Credit Bonds Receivable $100,000

Credit Realized Gain $762

<h3>Data and Calculations:</h3>

Periods          Cash     Interest Revenue      Premium        Carrying Value

                   Receipt                                  Amortization

2001/12/31                                                                                    102,723

2002/12/31     6,000             5,136                   864                    101,859

2003/12/31     6,000            5,093                   907                   100,952

2004/12/31     6,000            5,048                   952                   100,000

The fair market value of the bonds:

Periods Fair Market Value

2002/12/31 104,200

2003/12/31 103,000

2004/9/30 105,500

<h3>Journal Entries Analysis:</h3>

2001/12/31 Bonds Receivable $100,000 Bonds Premium $2,723 Cash $102,723

2002/12/31 Cash $6,000 Interest Revenue $5,136 Amortization of Bonds Premium $864

2003/12/31 Cash $6,000 Interest Revenue $5,093 Amortization of Bonds Premium $907

2004/9/30  Cash $105,500 Interest Revenue $3,786 Amortization of Bonds Premium $952 Bonds Receivable $100,000 Realized Gain $762

Learn more about recording bond transactions at brainly.com/question/16048929

#SPJ1

5 0
2 years ago
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