Answer: 7.3 times
Explanation:
The Accounts Receivable Turnover Ratio is an activity ratio that shows how well a company collects the debts owed to it as well as how well it gives out credit.
It is calculated by the formula:
= Net Credit sales / Average Accounts Receivable
= 839,500 / ( (110,000 + 120,000) / 2)
= 839,500 / 115,000
= 7.3 times
Answer:
The correct answer is B Contract
Explanation:
A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. This contract guarantees the lessee/ tenant use of an asset and guarantees the lessor, the property owner or landlord, regular payments (rent) for a specified period in exchange.
Answer: Option B
Explanation: A hedonic treadmill is a person's propensity to stay at a fairly stable level of comfort and happiness following a fortune shift or big goals being accomplished. As an individual earns more money, their aspirations and impulses grow in tandem, as per the hedonic treadmill model.
As a consequence, the increase in income does not result in a lasting improvement in satisfaction. The hedonic treadmill phenomenon states the often-held fact that wealthy individuals are just no happier than people living in poverty, and sometimes quite happy are those with serious financial problems.
Thus, from the above we can conclude that the correct option is B.
No, if any classroom doors are open, people will hear you.
Answer and Explanation:
The computation is shown below:
a) The adjusted basis for the land and the building at the acquisition date is
Land = $100,000
Building = $400,000
We recognized the purchase price of land and building
b. And, the adjusted basis for the land and the building at the end of 2019 is
Land = $100,000
Building is
= $400,000 - $4,708
= $395,292
We considered the cost recovery for the computation above