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andreev551 [17]
3 years ago
5

Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on

sales of 2,000 kits was prepared for the year. Fixed operating expenses account for 80% of total operating expenses at this level of sales.Sales Revenue $ 100,000 Cost of goods sold (all variable) 60,000 Gross margin 40,000 Operating expenses 35,000 Operating income $ 5,000 Prepare a flexible budget based on sales of 1,400, 2,500, and 3,500 units

Business
1 answer:
worty [1.4K]3 years ago
3 0

Answer:

Please see attachment

Explanation:

Please see attachment

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_____1. The price paid for the use of someone else’s property.
jonny [76]
The correct term to fill in the blank would be rent. The price paid for the use of someone else's property is called rent. It is a periodic and fixed amount of money paid by one that uses the possession of one.
7 0
3 years ago
Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as
mestny [16]

Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as Appurtenances.

<h3>What Is Appurtenance?</h3>

In real estate, an appurtenance is something that is installed in or sits on a property. It is something that is considered a part of the property, is sold with the property, and it is passed on to the new owners.

When we talk about appurtenances we are often talking about things that run with the land. Appurtenance originates from the word 'appertain,' which means to relate to, be appropriate, or applicable.

Before defining appurtenance,

<h3>What is Real Property ?</h3>

In real estate, real property is defined as immovable or fixed property, any property attached to the land and even the land itself. This also includes permanent fixtures within the property, that are not personal property and easily moved.

Some common examples:  

  • Exterior buildings (e.g., barn, shed)
  • a fence.
  • Inground pools.
  • hot water heater.
  • Ceiling fans.
  • Window blinds (if installed).
  • Fixtures (excluding trade fixtures).
  • Cabinetry.
  • Furnace.
  • Existing crops.
  • Oil or mineral rights.
  • A shared driveway (with attached easement appurtenant).
  • a tree.
  • Water rights (given to an adjoining property).
  • in-ground swimming pools.
  • Easements.

Appurtenances are important to understand as they can have an effect on landlord and tenant relations as well as that between buyer and seller.

Learn more about Easement Appurtenances on:

brainly.com/question/15725702

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6 0
2 years ago
Suppose you just bought a 25-year annuity of $8,200 per year at the current interest rate of 12 percent per year. What is the va
zhannawk [14.2K]

Answer:

64,313.74 ; 95,559.38 ; 47,283.11

Explanation:

by definition the present value of an annuity is given by:

a_{n} =P*\frac{1-(1+i)^{-n} }{i}

where a_{n} is the present value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

1. P=8,200, n=25, i=12%

a_{n} =8,200*\frac{1-(1+12\%)^{-25}}{12\%}

a_{n} =64,313.74

2. P=8,200, n=25, i=7%

a_{n} =8,200*\frac{1-(1+7\%)^{-25} }{7\%}

a_{n} =95,559.38

3. P=8,200, n=25, i=17%

a_{n} =8,200*\frac{1-(1+17\%)^{-25} }{17\%}

a_{n} =47,283.11

6 0
3 years ago
Your client, Tom, asks you to prepare his financial statements. He is especially curious about his net worth. He asks you to exp
Vilka [71]

Answer: Balance sheet

Explanation: In simple words, balance sheet refers to the statement which is prepared by an entity at the end of the financial year for depicting its assets, liabilities and equity in hand at that particular point of time.

Balance sheet shows the net worth of an entity at the end of the year and can also be used to evaluate how much of the assets are funded with the capital and  for how much any liability has been taken over.

Thus, from the above we can conclude that the correct answer is balance sheet.

6 0
3 years ago
Starting the next task before the first task is complete is _____ Group of answer choices slack lead negative lead float lag
Charra [1.4K]

Starting the next task before the first task is complete is lead.

In the eyes of some businesses, a "lead" is a contact that has already been identified as a potential client, whereas for other businesses, a "lead" is any sales contact. However, a lead's potential to become a future client is the same regardless of how it is defined.

A lead is, to put it simply, a person or group who is interested in what you are selling. Contact details are shared, such as an email address, a phone number, or even a social network account, to demonstrate the interest.

Learn more about Lead here brainly.com/question/5687830

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6 0
1 year ago
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