Answer:
The home must sell for $616,500 to be able to settle all costs
Explanation:
The net to the formula can be used to ascertain the price of the property , the formula is given below:
Net amount=Sales price*(100%-commission rate)
The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000
Net amount =$75000+$450000+$36000
=$561000
commission rate is 9%
$561000=sales price*(100-9%)
$561000=sales price*91%
sales price =$561000/91%
=616483.52
But to the nearest $100 is $616500
The main government restrictions on sole proprietorship are as follows:
1.The zoning laws that are put in place specifies the areas of a city or a country where various types of business activities can be pursued.
2. Sole proprietorship has to obtain city or country license before they can operate their businesses.
3. Professional sole proprietorships such as doctors must be licensed by the state.
Answer:
Explanation:
Step 1:
the auditor is required to provide reasonable assurance for the financial statement audited.To provide such reasonable assurance,appropriate evidence must be obtained to confirm that no material misstatement material is present in the financial statement
Step 2:
For each statement select true or false in the following manner
a. A recent improvement in computer hardware is the ability to automatically produce error listings. Previously, this was possible only when provisions for such a report were included in the program.
FALSE
b. The control of input and output to and from the information systems department should be performed by an independent data control group.
TRUE
c. An internal-audit computer program that continuously monitors IT processing is a feasible approach for improving internal control in OLRT systems.
TRUE
d. An internal label is one of the controls built into magnetic tape drive hardware by the hardware manufacturers.
FALSE
e. A limit test in a computer program is comparable to a decision that an individual makes in a manual system to judge a transaction's reasonableness.
TRUE
f. A principal advantage of using magnetic tape files is that data need not be recorded sequentially.
FALSE
g. A major advantage of disk files is the ability to gain random access to data on the disk.
TRUE
h. The term grandfather-father-son refers to a method of protecting computer records rather than to generations in the evolution of computer hardware.
TRUE
i. When they are not in use, tape and disk files should be stored apart from the computer room under the control of a librarian.
TRUE
Answer:
Operating cash flow= $29,886
Explanation:
Giving the following information:
Sales= $262,100
Total variable cost= $144,000
Total fixed costs= $61,300.
Annual interest expense of $24,500. The annual depreciation is $25,200 and the tax rate is 34 percent.
<u>We need to determine the operating cash flow:</u>
Sales= 262,100
Total variable cost= (144,000)
Contribution margin= 118,100
Total fixed costs= (61,300)
Depreciation= (25,200)
Interest= (24,500)
EBIT= 7,100
Tax= (7,100*0.34)= (2,414)
Depreciation= 25,200
Operating cash flow= 29,886
Answer:
c. Mobile Retailing.
Explanation:
Using a coupon on your cell phone when checking out at the Hard Rock Café, or checking in to a retail location using Foursquare mobile app is an example of Mobile Retailing.
Mobile retailing can be defined as the process of buying or shopping for goods and services through the internet by using a smartphone, mobile device or tablets. It is one of the convenient ways, potential customers use to engage in e-commerce.
