Answer:
$160,000
Explanation:
Calculation of the car dealership's profit
Using this formula
Profit= Total revenue- Amount Spend
Where,
Total revenue=$300,000
Amount Spend=$140,000
Let plug in the formula
Profit =300,000-140,000
Profit =160,000
Therefore the car dealership's profit will be $160,000
Answer:
TRUE
Explanation:
It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy
Under Sec. 461(h), a three-prongall-events test is met when
(1) all events have occurred that establish the fact of the liability;
(2) <u>the amount of the liability can be determined with reasonable accuracy</u>; and
(3) economic performance has occurred.
Which make easier the measurement of economic activity in the three ..... the strategy used by firms that have as many different product
[A] To handle the day to day operations of the project.
Answer:
$213
Explanation:
For computing the owed amount, first we have to compute the daily rate per day which is shown below:
= HOA fee ÷ number of days in a month
= $355 ÷ 30 days
= 11.83 per day
We know that the number of days in a month is 30 days and the townhome is sold on March 12, so the remaining days would be 18 days ( 30 days - 12 days of march month)
Now the owed amount would be
= Remaining days × per day rate
= 18 days × 11.83
= $213
