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kodGreya [7K]
3 years ago
7

A lease calls for a minimum rent of $2800 per month plus 4% of annual gross sales in excess of $500,000. What is the annual rent

if the annual gross sales were $725,500?
Business
1 answer:
bonufazy [111]3 years ago
8 0

Answer:

The annual rent is $42,620

Explanation:

The computation of annual rent is shown below:

= Annual rent + (rate × gross sales)

where,

The annual rent is

= Monthly rent × total number of months in a year

= $2,800 × 12

= $33,600

The rate is 4%

The excess gross sales is computed by

= Annual gross sales - gross sales

= $725,500 - $500,000

= $225,500

Now put these values to the above formula

So, the answer would be equal to

= $33,600 + (4% × $225,500)

= $33,600 + $9,020

= $42,620

Hence, the annual rent is $42,620

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f a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for sale at
OleMash [197]

Answer:

$137,000

Explanation:

The land should be recorded in the purchaser's books at $137,000 because according to the information given the land was first acquired at $85,000 in which the they person who acquired it offered to sell it out at $150,000 in which it was again recognized as been worth $140,000 but was later PURCHASED for $137,000 which simply means the amount that the land was later been purchased will be the amount to be recorded in the purchaser's book which is $137,000.

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2 years ago
Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25%
kondaur [170]

Answer:

$36,230

Explanation:

Month 1              Month 2               Month 3                 Month 4

60,000               70,000                50,000                  30,000

Calculation for receipts in Month 4:

9000   30% cash  in the same month(30000*30%)

12600   60% credit in the same month (30000*70%*60%

8750   25% in month following sales (50000*70%*25%)

<u>5880</u>   12% second month following sales (70000*70%*12%)

<em>36,230</em>

<em></em>

<em>I hope I made myself clear buddy.</em>

<em>Best of Luck.</em>

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1 is social meadia 2 is advertising and 3 is publicity
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Which of the following is not a type of trademark? fanciful arbitrary simple suggestive
Phantasy [73]

Considering the available options, the choice that is not a type of trademark is "<u>Simple</u>."

<h3>What is a Trademark?</h3>

Trademark is the term used to describe the word, phrase, design or symbol, or combination thereof.

Generally, the purpose of a Trademark is to create the identity for the source of the commodities such that these commodities can be easily differentiated from similar commodities.

<h3>Different types of Trademarks</h3>

There are four major categories of Trademarks which include the following:

  • Coined or Fanciful trademark
  • Arbitrary trademark
  • Suggestive trademark
  • Descriptive trademark

Hence, in this case, it is concluded that the correct answer is "<u>Simple</u>."

Learn more about Trademarks here: brainly.com/question/11957410

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