The pair of items that is most likely to have a negative cross-price elasticity of demand is

An investor was looking at a sixteen-unit apartment building. Four of the units rented for $600, four for $750, four for $725, a

tankabanditka [31]

Answer:

$1,545,000

Explanation:

The formula to compute the cost of the building equal to

Rate of return = (Rental income - expenses) ÷ (cost of building )

where,

Rate of return = 8%

Rental income equals to

= ($600 × 4 units + $750 × 4 units + $725 × 4 units + $800 × 4 units) × 12 months

= $138,000

Total expense

= $1,200 × 12 month

= $14,400

Now the cost of building would be

8% = ($138,000 - $14,400) ÷ (cost of building )

8% = $123,600

So, the cost of building equal to $1,545,000

6 0

3 years ago

Milton Rokeach created the Rokeach Value Survey (RVS), which consists of two sets of values, namely ________ values and ________

saw5 [17]

Answer:

A) instrumental; terminal

Explanation:

Rokeach Value Survey (RVS) is an instrument that is used to classify values. 36 values are ranked to scale. The values are made up of 18 terminal and 18 instrumental values.

Participant in the survey rank 18 of the terminal values and then 18 of the instrumental values in order of importance to the individual.

RVS has been applied in the fields of psychology, personality, behaviour, social culture and cross-cultural studies.

Terminal values refer to desireable state of existence and instrumental values are preferable modes of behaviour.

6 0

3 years ago

Read 2 more answers

Which of the following is not an appropriate member of an audit committee?

Naya [18.7K]

It’s B, have a good day☀️

7 0

3 years ago

.In 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value

cricket20 [7]

Answer:

The question is not complete,find below complete questions:

If you purchased a $50 face value bond in early 2017 at the then current interest rate of .10 percent per year, how much would the bond be worth in 2027? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2027, instead of cashing the bond in for its then current value, you decide to hold the bond until it doubles in face value in 2037. What annual rate of return will you earn over the last 10 years?

The bond is worth $50.50 in the year 2027

The annual rate of return is 7.07%

Explanation:

The future value of the bond is given by the below formula:

FV=PV*(1+r)^N

where PV is the present of the bond of $50

r is the rate of return of 0.10 percent=0.001

N is the duration of the bond investment of 10 years

FV=50*(1+0.001 )^10

FV=$50.50

However for the face of the bond to double i.e to $100, the rate of return can be computed thus:

r=(FV/PV)^(1/N)-1

where FV=$100 (double of $50)

FV=$50.50(current value in 2027)

N=10

r=($100/$50.50)^(1/10)-1

r=0.070707543

r=7.07%

5 0

3 years ago

For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction a

Nikitich [7]

Answer and Explanation:

the journal entries are as follows:

a Prepaid rent $213,000

To cash $213,000

(To record prepaid rent)

Adjusting entry:

Rent expense $71,000 ($213,000 ÷ 3)

Prepaid rent $71,000

(To record September rent expense)

b Cash $840,000

To unearned sales revenue $840,000

(To record cash received on season sales)

Adjusting entry:

Unearned sales revenue ($840,000 ÷ 12) $70,000

Sales revenue $70,000

(To record sales revenue recognised)

c Cash $300,000

Note payable $300,000

(To record note payable issued on borrowed amount )

Adjusting entry:

Interest expense ($300,000 × 6% ÷ 12) $1,500

Interest payable $1,500

(To record interest payable due)

d Prepaid advertising 3,500

To Cash 3,500

(To record cash paid for advertising)

Adjusting entry:

Advertising expense ($3,500 ÷ 60) × 20 $1,167

To prepaid advertising $1,167

e No entry

Adjusting entry:

Accounte receivable ($160,000 × 8%) $12,800

Sales revenue $12,800

(To record amout due)

6 0

3 years ago