1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maru [420]
3 years ago
15

Kathy Bates has just moved into a condominium complex of 60 units. The complex has a swimming pool, and a management company tak

es care of the upkeep of the outside of the property. The monthly cost for pool maintenance, grass cutting, tree trimming, private street maintenance, and the newly-updated clubhouse is currently $400.00 a month. Each year, the cost of such services increases, as do the costs for necessary repairs as the buildings get older. This year, new roofs are in order for all of the buildings. The condominium association, which is made up of the owners of the property, decides that, in order to cover the increase in costs, and to replace the roofs on the property, they must pass a(n):
Business
1 answer:
ozzi3 years ago
6 0

Answer:

special assessment

Explanation:

Special assessments are taxes levied on real estate to fund public improvements to the property that will benefit that property.

It is also called improvement taxes.

You might be interested in
__________ worth, a frequently used measure of wealth, refers to the value of savings and checking accounts, real estate, automo
Anna11 [10]
Net worth is the answer
5 0
2 years ago
Accompanying the bank statement was a debit memorandum for an NSF check received from a customer. This item would require an adj
tamaranim1 [39]

Answer:

The correct answer is debit accounts receivable, credit cash.

Explanation:

Note debit is a receipt that a company sends to its client, in which it is notified that it has charged or debited a certain sum or value in its account, for the concept indicated in the same note. This document increases the value of the debt or account balance, whether due to an error in billing, interest for late payment, or any other circumstance that means an increase in the balance of an account.

6 0
2 years ago
Capital budgeting decisions ______. Multiple select question. involve an immediate cash outlay in order to obtain a future retur
pshichka [43]

Answer:

involve an immediate cash outlay in order to obtain a future return

require a great deal of analysis prior to acceptance

Explanation:

A capital budgeting decision refers to an investment and the financial commitement. If we considered a project so here the business is making the financial commitment and at the same time it invest in the longer period that have an influence on the future projects

So it is an instant cash outflow for gaining a future return and also have a great deal before accepting it

7 0
3 years ago
On January 1, Mitzu Co. pays a lump-sum amount of $2,700,000 for land, Building 1, Building 2, and Land Improvements 1. Building
Leviafan [203]

Answer:

Land (Dr.) $1,800,000

Land Improvements $540,000

Building 2 $660,000

Building 1 demolish expense $346,400

Land grading expense $187,400

Building 3 construction cost $2,242,000

Land 2 improvement cost $168,000

Cash (Cr.) $22,143,800

Explanation:

Mitzu Co. has paid lump sum amount for 2 buildings and land. The building 1 has no value so its value is considered as zero and all the amount will be attributed to land and building 2. The company has also incurred costs for the demolish of building 1 which will be charged in the books of accounts as one off expense.

8 0
2 years ago
Several types of risk are present in the U.S. economy. For each of the following, identify the type of risk that is present. Exp
Dima020 [189]

Answer and Explanation:

a. This is a fundamental risk case since there is a loss possibility. As the attack is done by the terrorists and the loss is definite in terms

b. It is a property risk as the house is damaged in a fire that resulted into a financial loss

c. It is a personal risk case as the head of the family is totally disabled that directly impact the family which leads to non-fulfillment of the financial liabilities so ultimately its an income loss.

d. It is a case of speculative as the investor purchase 100 shares that resulted in either profit or loss

e. This is a case of fundamental risk as the overflow of the river impacts the property of thousands people

f. This is a case of financial risk as the risk impacted the opposite changes in the price of the commodity, rate of interest, etc

g. It is a speculative case as the worker could either win or loss

6 0
2 years ago
Other questions:
  • In business, a message written to right a wrong is called a claim. Straightforward claims are those where the receiver is expect
    9·1 answer
  • In selecting machine usage as the primary cost driver of overhead costs for the Production​ Department, management feels that th
    14·1 answer
  • Which of these factors would NOT cause the supply curve for a particular good to shift?a. a change in the technology used to pro
    5·1 answer
  • The​ company, suppliers,​ distributors, and customers who open double quote partnerclose double quote with one another to improv
    7·1 answer
  • Which type of identity theft occurs when a thief uses someone else's identity to commit a crime?
    7·2 answers
  • Ashley Kreeger is the director of marketing for a company that operates several assisted-living centres. The company is developi
    10·1 answer
  • Raphael lives in Detroit and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of t
    8·1 answer
  • arett Motors is trying to decide whether it should keep its existing car washing machine or purchase a new one that has technolo
    10·1 answer
  • Your rich aunt has promised to give you $5,000 per year at the end of each of the next four years to help you pay for college. U
    11·1 answer
  • The text frequently mentions competing factors that successful groups keep in tension, including conformity/nonconformity, task
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!