Shift D1 right, showing an increase in demand and an increase in equilibrium price.
Answer:
c. $154,000 depreciation, $4,000 amortization
Explanation:
The basis of the rental real estate property = purchase price + closing costs (excluding the cost of mortgage points) = $150,000 + $4,000 = $154,000
You can amortize the cost of the closing points for a period equal to the length of the mortgage loan (or up to 30 years if the length of the loan is longer).
Answer:
The correct answer is letter "A": Individuals tend to gamble more with their money when the future is uncertain.
Explanation:
Risk aversion in Finance describes an investor who is just willing to accept a small level of risk on his investments. A risk-averse investor likes less risk and is prepared to accept fewer returns because of his choice. In a few words, risk aversion represents the likelihood investors prefer to secure their investments instead of risking more expecting higher returns.
Thus, <em>individuals gambling more when the future is uncertain reflects an opposite scenario to risk aversion.</em>
Answer:
$12,000 for 2013 and $300,000 for 2018
Explanation:
Jamison Enterprises acquired a franchise to operate a Good Burger Joint in January, 2013. The cost of the franchise was $360,000 and was estimated to have a limited life of 30 years.
Hence the yearly franchise cost at this point is 360,00 / 30 years = $12,000
Early in the year 2018, the franchise was forced out of business due to lawsuits.
At this point the company had only operated for 5 years and have incurred franchise cost to date of 5 years x $12,000 = $60,000
Jamison should record $300,000 ($360,000 - $60,000 to date) balance of the franchise cost in its expenses to their income statement for the years 2018
Answer:
A
Explanation:
A living will is a written legal document that spells out medical treatment you would and would not want to be used to be keep you alive
