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3 years ago

Matt lives in an apartment in New York. Every month, he must pay rent and

Business

1 answer:

Morgarella [4.7K]3 years ago

3 0

Answer:

the available options of the question are,

A) investing

B) essential

C) financing

D) operating

E) entertainment

and the correct answer is B) essential.

Explanation:

if you look at this question, you can see clearly that matt lives in an apartment and not in his own place, so if he continues to live their, he must pay. this is because there is an agreement between him and the owner of the apartment and this agreement is valid and can be enforced by the law.

of he does not pay, the owner can get rid of him after giving him a notice within a fair time limit.

because of this, this action can be regarded as an "essential" one. or in other words, a must do for matt to have a roof over his head.

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Explanation:

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2 years ago

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nydimaria [60]

Answer:

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3 years ago

Barton Corporation acquires a coal mine at a cost of $1,500,000. Intangible development costs total $360,000. After extraction h

Airida [17]

Answer:

The answer is b. Debit to Inventory for $275,400.

Explanation:

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=> Depletion rate per one ton of extracted coal = 1,530,000/5,000 = $306

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7 0

3 years ago

The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70.I

Ymorist [56]

Answer:

Maximum initial purchase that Carla can buy on credit is $1455.08

Explanation:

Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]

$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]

= $70 = P (1.326209535) * 0.142/12 / 0.326209535

= $70 = P * 0.0156934795 / 0.326209535

= P = $1455.08

So, the maximum initial purchase that Carla can buy on credit = $1455.08

4 0

3 years ago

Parrot received land as a gift with a fair market value of $5,000. The land was purchased by the donor for $8,000. The land is s

Alika [10]

Answer:

Loss of $2,000

Explanation:

In this scenario, we have the following information:

• The adjusted cost basis: $8,000 (the amount paid by the donor)

• The fair market value: $5,000

• The sold amount: $6,000

Parrot’s basis in the land is $8,000, as same basis the donor had.

So when he sells it, he must report loss of $2,000 on the sale.

7 0

3 years ago