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Elena L [17]
3 years ago
11

A real estate company provides housing services to retired individuals. It basically helps individuals above the age of sixty to

search for houses with peaceful surroundings.
Which of the following statements holds true for the real estate company?

a.It depends on its ability to reduce the price to drive competition out of the market.

b.It does not face damaging attacks from larger firms.

c.It growth is never stymied irrespective of the fact that it serves a niche market.

d.Its area of operation cannot be made to disappear or be taken over by larger competitors.

e.It can charge very high prices.
Business
1 answer:
Harrizon [31]3 years ago
8 0

Answer:

The correct answer is the option E: It can charge very high prices.

Explanation:

To begin with, the business presented in the case as a real estate company that provides housing services to retired individuals who typically are above the age of sixty can charge high prices to their customer due to the fact that basically they are looking for the most important service that there is in the market, a house. Moreover, the fact that the company only sales to retired people and therefore it specializes in a niche market indicates that the company is good at what they do an that is why those individuals choose it. Furthermore, the fact that these elderly people go to the organization expecting to find a house with peaceful surroundings generates the fact that they are willing to pay as much as they can to have the best for them  at the very last of their time.

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Answer:

d. All of the last 12 payments he received are taxable.

Explanation:

In the case when the life expectancy is 180 months and collected 192 payments prior he died

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Here the payment that received for 180 months would not be involved in the gross income and the remaining 12 payment would be taxable

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3 years ago
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Answer:

1. The Bad debt expense for 2013 is $67,500

2. The amount of accounts receivable written off during 2013 is $69,500

3. If the company uses the direct write-off method, the bad debt expense for 2013 would be $69,500

Explanation:

1.  In order toCalculate the bad debt expense for 2013 we would have to make the following calculation:

Bad debt expense=1.5% of Net Credit Sales

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The Bad debt expense for 2013 is $67,500

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3. Using direct write off method, the bad debt expense is recognized only when the actual bad debt is incurred. The actual bad expense would be the amount of accounts receivable written off during the year. Accounts receivable written off during the year would be same in both the methods.

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3 years ago
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Answer:

Direct, upward sloping

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let the customer drink it?

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