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3 years ago

The accounting profit is equal to

1 answer:

7 0

Is the monetary costs a firm pays out and the revenue a firm receives. It is the bookkeeping profit<span>, and it is higher than economic </span>profit<span>. </span>Accounting profit<span> = total monetary revenue- total costs.</span>

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On June 1, 2021, Andres Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment b

Romashka [77]

Answer:

429,260

Explanation:

Contract commencement date = July 1 , 2021

Contract payment term = $56,000 / annual

Additional 15% ($8,400) at the end of each year if occupancy exceeds 90%

Estimate of meeting occupancy threshold = 30%

At the year end 2012, Contract timeline = 6 month (1/2 year)

Base revenue recognized 56000/2 = $28,000

Additional payment = (8400*30% )/2 =$1260

Revenue recognized at December 31 , 2021 = $28000+ $1260 = $29,260

7 0

3 years ago

which of the following had the greatest impact in pulling the u.s. economy out of the great depression? group of answer choices

Angelina_Jolie [31]

The federal government's aggressive policy of tax cuts the greatest impact in pulling the U.S. economy out of the Great Depression. Thus, option (b) is correct.

<h3>What is economy?</h3>

The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the significant part of the country. The primary sector of the economy is the industrial sector and agriculture sector.

According to the U.S. economy on the duration of the Great Depression. There were the federal government are the easy money policies are the imposed on the policy of tax cuts. The main reason was the budget control.

Therefore, option (b) is correct.

Learn more about on economy, here:

brainly.com/question/2421251

#SPJ1

7 0

1 year ago

The balance in the Prepaid Rent account before adjustment at the end of the fiscal year is $10,000, which represents five months

kodGreya [7K]

Answer: debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D

Explanation:

Balance in Prepaid rent account = $10,000

Rent expense = $10,000/5 months = $2,000

Adjusting journal entry To record the expiration of rent for December month

Date Accounts Titles and Explanations Debit Credit

Dec. 31 Rent Expense ($10,000/5 months) $2,000

Prepaid Rent $2,000

debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D

8 0

3 years ago

Anthony works at a firm that wants to develop a new pricing strategy for one of its products. The company has decided that its m

elena55 [62]

Answer:

a. market share

Explanation:

Based on the information provided within the question it can be said that the Anthony's firm has adopted a market share pricing objective. This pricing objective focuses on reaching or maintaining the target market share for a company's product using any necessary tactics. Which is what Anthony is doing, he is undercutting the competitions prices in order to reach the top competitors market share for their competing product.

3 0

3 years ago

If a bank has excess reserves of $7,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 15%, then

vlabodo [156]

Answer:

If a bank has excess reserves of $7,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 15%, then the bank has actual reserves of $22,000.

Explanation:

Total deposit = $100,000

Reserve requirement = 15% of the total deposit

Therefore, required reserves = 15% of $100,000

=15/100 * $15,000

= 0.15*$100,000

required reserves = $15,000

The excess reserves given in the question = $7,000

Total reserves = Required reserves + Excess reserves = $15,000 + $7,000 = $22,000

3 0

3 years ago