Answer:
$270
Explanation:
If the rent is $300 then 110 units will be occupied. The manager of the apartment complex should set a price which will maximize the revenue. When the rent is increased by $2 then one additional unit will be left vacant. This will reduce the revenue of the apartment manager. The equation to find the best possible rent which maximizes the total revenue is:
Profit = 110 (p - 300)
P = 110p - 330
P = 270.
The rent for the apartment should be 270 so the total revenue will be maximized.
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real entrepreneur are:
1) spiritual freedom and
energy;
2) willpower;
3) ability to effectively
negotiate and convince partners and customers;
4) organizational skills;
<span>5) determination and
willingness to situations of risk.</span>
The total of Vanessa's Child Tax Credit and Other Dependent Credit, based on her tax liability and children, is $5, 757.
<h3>What is the Child Tax Credit?</h3>
Child Tax Credit is a credit that tax payers are eligible for if they have children who depend on them. The age of the children is such that they have to be below the age of 19.
For every child that qualifies for the Child Tax credit, the tax payer gets a tax credit of $2, 000.
Vanessa has a total of 3 children who are below the age of 19 and so they all qualify which means that Vanessa qualifies for a Child Tax Credit of:
= 2, 000 x 3
= $6, 000
However, the child tax credit cannot exceed the actual tax liability of $5, 757.
Vanessa's Child Tax Credit and Other Dependent Credit is therefore the sum of $5, 757.
Find out more on Child Tax Credit at brainly.com/question/14328499
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Answer:
debit to Accounts Receivable for $3,500 credit to Sales for $3,430
Explanation:
Merchandise with a sales price of $3,500 is sold on account with terms 2/10, n/60. The journal entry to record the sale would include a debit to Accounts Receivable for $3,500 credit to Sales for $3,430.
Since the goods were sold on account, it means that it was sold on credit and an entry to cash will be a wrong entry. The right Journal entry will be a debit to accounts receivable for the total amount and a credit to sales for the total amount less the proposed discount amount of 2%
Answer:
A Comprehensive Annual Financial Report CAFR is an annual comprehensive financial statement or extensive report compiled by a government accounting staff for a governmental entity that fulfills the accounting requirements established by the Governmental Accounting Standards Board (GASB).
This report is audited by external American Institute of Certified Public Accountants (AICPA) certified accounting firm utilizing GASB requirements.
The most important information needs that a government annual report should fulfill for Administrators, Members of the legislative branch, Interested residents, Creditors or potential creditors are outlined below.
Explanation:
1. Administrators: the most important information needs that a government annual report should fulfill for administrators include data that will enable them execute control and management.
2. Members of the legislative branch will require the CAFR to enable them create useful policies that will drive implementation.
3. Interested residents' needs will be properly represented if the CAFR offers them lower taxation, business opportunities and security.
4. Creditors or potential creditors will looking out for more viable credits, increased return on Investment, improved dividends and security.
