As an investment vehicle, and regarding the tax consequences, real estate investment trusts (REITs) are organized as REITs.
As the name suggests, REITs are organized as trusts. The assets held in the trust and the distributions made can affect the tax consequences of the trust. As an investment vehicle, shares are sold to investors and these shares may trade on stock exchanges.
Real estate investment trusts (REITs) are securities that own and, in most cases, manage income-generating real estate or related assets that trade like stocks on major stock exchanges. Many REITs are registered with the SEC and listed on exchanges.
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You are using money as a store of value.
<h3>What is a store of value?</h3>
Money is anything that is generally accepted as a means of payment for goods and services and for repayment of debt. For example, the $20 bill is widely accepted as a means of payment in the US and in some parts of the world.
Money serves as a store of value when it can be used in the future for payment of money. Money is able to serve this function because it can retain its value over the long term.
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Answer:
<em>The theoretical minimum number of workstations are five workstations</em>
Explanation:
Given the total time available per day = 480 minutes
the cycle time which is the time required or spent to produce a unit can be obtained as;
Cycle time = Total time / Demand per day
Cycle time = 480 / 80 = 6 minutes
hence 6 minutes is the cycle time for one unit.
The theoretical number of stations can be calculated thus;
Theoretical number of stations = Time for one unit / Cycle time
= 30/6 = 5 workstations
<em>Therefore the theoretical minimum number of workstations are five workstations</em>
Answer:
3
Demand is elastic
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
60 / 20 = 3
Demand is elastic because the coefficient of elasticity is greater than 3.
This means that a small change in price has a greater effect on the quantity demanded.
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Answer:
Explanation:
1. The journal entries are shown below:
On December 1
Cash A/c Dr $1,260
To Deferred Service Revenue $1,260
(Being cash is received)
On December 31, 2016
Deferred Service Revenue $420 ($1,260 ÷ 3 months)
To Service revenue $420
(Being service revenue is recorded)
2. Income statement
Earned income from car washing services $420
Balance sheet
Assets
Cash $1,260
Liabilities
Deferred Service Revenue $840 ($1,260 - $420)