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dimulka [17.4K]
4 years ago
5

A simplified alternative to capitalization of net income that does not take into account vacancies, bad debts, or expenses is ca

lled
Business
1 answer:
VLD [36.1K]4 years ago
3 0
This type of capitalization method is called the Gross Rent Multiplier (GRM). This is used in calculating the approximate net <span>income excluding the vacancies, bed debt, and expenses. In order to estimate the value of an apartment or building, for instance, GRM is used as the quickest tool.
</span>
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Your 7-year-old sister and 5 of her friends open a lemonade stand every summer. This past summer, they made $40 per day for 45 d
horsena [70]

Answer:

Her contribution was $300 and total contribution was $1,800

Explanation:

Gross Domestic Product is the value of goods and services which is produced or performed in the specific period. The value included in the GDP is the gross value of sales minus the costs associated to make it. In this question they made $40 per day it means they earned the return of $40 per day after deducting all the expenses from sales amount.

So, total contribution will be

Total = $40per day x 45 days = $1,800

Her contribution = $1,800 / 6 = $300

5 0
4 years ago
E6-15 Allocating Transaction Price to Performance Obligations [LO 6-5] A company separately sells home security equipment and 12
Oliga [24]

Answer:

    Particulars                                                      Amount

1. Revenue allocated to the equipment              $330

   for each bundled sales

   {$990 * $280 / $280 + $560}

2. Revenue allocated to the service                    $660

   for each bundled sales

    {$990 * $560 / $280 + $560}

3. Sales revenue to be reported in income         $660

   statement

   

    Service revenue to be reported in                    $55

    income statement

     ($660/12)

7 0
3 years ago
On the day you entered college, you borrowed $30,000 from your local bank. The terms of the loan include an interest rate of 4.7
Hitman42 [59]

Answer:

The total interest paid on this student loan will be equal to:

$

Explanation:

a) Data and Calculations:

Amount of loan = $30,000

Interest rate = 4.75%

Duration of loan = 5 years

Total interest = $30,000 * 4.75% * 5 = $7,125

b) Since interest is paid annually at the end of each year, this means that $1,425 will be paid each year for 5 years.  This gives a total of $7,125 ($1,425 * 5).  As a result, we can infer that this is a simple interest payment method, because the interests are not added to the principal.  That is, the interest is not compounded.  So, the calculation is based on the simple interest formula of principal by interest rate by number of periods.

5 0
3 years ago
Opal Production Company uses a standard costing system. The following information pertains to the current year: Actual factory o
Mariulka [41]

Answer:

$750 Unfavorable

Explanation:

The calculation of variable overhead efficiency variance is shown below:-

Variable overhead efficiency variance = (Actual direct labor hours - Standard hours allowed) × (Variable factory overhead ÷ Factory overhead rate)

= (10,000 hours - 9,500 hours) × ($18000 ÷ 12000)

= 500 hours × $1.5

= $750 Unfavorable

Therefore for computing the variable overhead efficiency variance we simply applied the above formula.

8 0
4 years ago
According to the Institute of Management Accountants (IMA), the final step in resolving an ethical dilemma is to:
AfilCa [17]

Answer: A. consult your own attorney as to legal obligations and rights concerning the ethical conflict.

Explanation:

After considering the relevant implications of an ethical dilemma, the final step is to reach out to your own lawyer to find out your legal rights as well as obligations concerning the courses of action that are presenting the dilemma.

The logic is that your own attorney should have your best interests at heart and so will tell you what each action could do to you which will then help you decide which course of action to take.

4 0
3 years ago
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