The unearned consulting revenues are liabilities. A liability, in accounting terms, is an obligation and is found in the balance sheets of companies or businesses. When a company does transactions with other individuals or companies usually they owe amounts to creditors for the goods or services the company acquires. In another sense, a liability is a source of the company’s assets. They can also be considered as claims against the company’s assets. A liability may also include those amounts received by the company in advance of future services. Liabilities include accounts payable, notes payable, salaries payable, interest payable, bonds payable, accrued expenses payable, etc. Their normal balance is credit.
Answer:
The debit yield ratio is 9%
Explanation:
Rent = 12 units × 12 months × $1,050 = $151,200
Net Operating Income = Rent- Operating expenses - Expected vacancy and collection losses + Garage rent
= $151,200 - $35,700 - $30,240 + $3,840
= $89,100
Debt amount = Price × (1 - Down payment)
= $1,100,000 × (1 - 0.1)
= $990,000
Debt yield ratio =
=
= 9%
Answer:
Check the following consideration
Explanation:
Since the business owner follows cash basis of accounting the treatment is amount expensed during the financial year can be shown as expenses. hence in the current case rent for 18months can be shown as expenses for that financial year and it can be shown as a deduction while computing tax liability.
<span>The net benefits of each public good will be the total cost of the project minus the $300 cost per person. If the project costs 600$ the net benefits for each public good will be $300.
$600(total cost) - $300(cost per person) = $300(net benefits)</span>
The term that best fits the blank above is FREIGHT FORWARDER. When we say freight forwarder, this is either an individual or an organization which deals with the shipment of products to or from the producers and market. This is made possible by using trucks or trains or other modes of transportation.