<u>Given:</u>
Annual property tax = $1,140
Number of days = 91
<u>To find:</u>
Seller's credit for property tax
<u>Solution:</u>
The following is the calculation of the seller credit for property taxes,

On plugging-in the values we get,


Therefore, the seller's credit for property taxes is $288.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: Telephone calls
Explanation: To communicate to senior citizens telephone will be the most effective way as other sources like social media are not used by senior citizens in general, majority of users of social sites are youth and teens. Other sources like emails and text messages may not result in full information takeout. Therefore,other than face to face communication, the best electronic medium is telephone.
Answer:
Equivalent Unit of Material = 120000 + (15000 × 40%)
Equivalent Unit of Material = 126000 units
Cost per Equivalent Unit of Material = (22400 + 229600) / 126000
Cost per Equivalent Unit of Material = 2 per unit
Equivalent Unit of Conversion Cost = 120000 + (15000 × 10%)
Equivalent Unit of Conversion Cost = 121500 units
Cost per Equivalent Unit of Conversion = (6250 + 540500) / 121500
Cost per Equivalent Unit of Conversion = 4.50 per unit
So answer is $2.00; $4.50
The complete question is as under:
Allen Company is hired on December 15, 2016 to perform services, beginning on December 16, 2016. Under this agreement, Allen will earn $4,500 monthly and receive payment on January 15, 2017. What amount of service revenue should be recorded for the year ending December 31, 2016?
A. 0
B. $4500
C. $2250
D. There is not enough information to answer this
Answer:
Option C- $2250
Explanation:
Option C is correct because according to the accrual accounting, the salary that has be accrued for the services rendered by the Allen company will earn monthly $4500 on every 15 of the month. On 31 December, the half of the $4500 has been earned by the Allen and the company owes him in legal terms $2250 (Half of $4500). This means the Allen Company must recognize its sale $2250 and the company that contracted Allen must recognize expenses of $2250 at 31 December, 2017.