Answer:
The correct answer is letter "D": the relationship of the sales price of the gross monthly income.
Explanation:
The Gross Rent Multiplier (GRM) is a calculation which result gives an idea of the value of a rental property. It is the relationship between the price of a real estate investment and its annual (sometimes calculated monthly) rent before computing expenses such as <em>taxes, insurance, </em>and <em>utilities</em>.
Answer:
The best response to Tracy's comments is:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.
Explanation:
Here in the given question it is mentioned that Tracy is wanting to start her own business but she has a very little knowledge about how to setup an accounting system and how the financial interpretation is been done.
So, she tells her friends that she is not at all worried about accounting. For this purpose she will be hiring a part time book keeper who will be handling all her stuff and who will also help her in focussing her attention in the different and innovative ideas of satisfying her customers.
Therefore, the best response to Tracy's comments can be given by:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.
Answer: Under economic growth conditions, firms with relatively more financial leverage will have higher expected returns.
Explanation:
Under economic growth conditions, firms and organizations with more financial muscle usually have higher expected returns.
This Growth, is as a result of the change in the company's earnings, revenue, GDP or some other sources over a period of time (usually a year) to the next. This growth are usually not affected by inflation.
Answer:
The correct answer is A. Stocks
This is mainly because stocks are sensitive to market prices, economic conditions and even the political environment. Moreover, there are no guaranteed income and interests in stocks. The return is based on the company performances.
Explanation:
Answer:
Total revenue to be reported by Solitare over the two months is $249.
Explanation:
Total revenue from:
Sale to Wizard Inc. = $160
<u>+ Sale to Spyder Corp. = $89</u>
Total revenue = $249
Solitaire will have to recognize sales discount from the early payment by Wizard Inc. on January 14, which was 8 days from the date of sale (January 6). Based on Solitaire's credit term to Wizard Inc., Wizard Inc. is entitled to a 2% sales discount upon payment within the 30 days from date of sale.
Sales discount to Wizard Inc. = $160 x 2% = $3.20
This will be deducted to the total revenue to arrive at a net revenue of $246 ($249 - $3.2)
