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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.

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Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res
dimaraw [331]

Answer:

Nominal interest rate =  12.23%

Explanation:

Given - Aerotron Electronics has just bought a used delivery truck for

            $15,000. The small business paid $1,000 down and financed the  

             rest, with the agreement to pay nothing for the entire first year and  

             then to pay $526.83 at the end of each month over years 2, 3, and

             4 (first payment is in 13th month).

To find - a. What nominal interest rate is Aerotron paying on the loan.

Proof -

As given ,

Price - $15,000

Down Payment - $1,000

⇒Loan Payment = $15,000 - $1,000

As given,

He will not pay for the entire first year. After that he will pay $526.83 for next 3 years.

Now,

Interest rate for 1 month = r %

So,

Loan after 1 year = 14,000( 1 + r)¹²

And

Annuity factor = \frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }

and t = 3 years = 36 months

Now,

As we know,

Monthly loan payment = \frac{Loan amount}{Annuity factor}

⇒$526.83 = 14,000( 1 + r)¹² / \frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }

By solving we get

r = 1.019%

Now,

Nominal interest rate = 1.019%×12 = 12.23%

7 0
3 years ago
Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:
MrMuchimi

Answer:

The net income will increase by $6,712 if the subcomponent is purchased.

Explanation:

Giving the following information:

Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:

Direct materials $8316

Direct labor 11187

Variable overhead 12474

Fixed overhead 16200

Total cost= $48,177

An outside supplier has offered to sell Swifty the subcomponent for $2.85 a unit.

Swifty could avoid $3000 of fixed overhead by accepting the offer.

We need to calculate the total cost of buying the subcomponent:

Buy:

Total cost= 9,900*2.85 + (16,200 - 3,000)= $41,415

The net income will increase by $6,712 if the subcomponent is purchased.

8 0
3 years ago
In addition to contributing money to a candidate, which is limited to only $5,000, which way does a PAC contribute to campaign e
scoundrel [369]
The answer is B. Gift

a Political Action Committee can designate a charitable organization to receive some sort of gifts equal to their contribution

These gifts can took form in Pins, Stickers, T-Shirt, Posters, etc
7 0
3 years ago
Read 2 more answers
Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made with re
horrorfan [7]

Answer:

Entries are given below

Explanation:

Calculations

Cash = ($68,000 x 90%) - ($68,000 x 2%)

Cash = $61,200 - $1,360

Cash = $59,840

Loss on sale = ($68,000 + $3,800) - ($59,840 +$5,800)

Loss on sale =  $71,800 - $65,640

Loss on sale = $6,160

Entries

                                                   DEBIT      CREDIT

Cash                                           $59,840

Loss on sale                              $6,160

Receivable from factor            $5,800

Recourse liability                                        $3,800

Receivables                                                  $68,000

4 0
3 years ago
A marketing manager targeting Generation Y should be aware that this group is turned off by:A) the "soft sell".B) overt branding
AysviL [449]

Answer:

B) overt branding practices

Explanation:

Generation Y is the group of people who were born between 1990s to early 2000s. Probably most commonly known as millennials.

Statistics shown that when it come to choosing a product, millennial tend to choose the individuals that they can trust/admire rather than overt branding practices. This is why online influencers market is really booming among this demographic.

On top of that ., They value the type of  advertisement that can objectively define the negative and positive characteristics of a certain product rather than advertising it as if it's 'the best product ever' like commonly done by most companies in the past.

7 0
3 years ago
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