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Amanda [17]
3 years ago
15

Lesson 3 1. What is financial responsibility? 2. Give at least two examples of utilities. 3. What are features? 4. What are bene

fits? 5. What is a budget?
Business
1 answer:
Vlada [557]3 years ago
7 0

Answer:

The answers are:

1) Financial responsibility refers to the process of managing money (or other assets) in a productive way in the best interest of the individual or business.

2) Two examples of utilities are electric companies and natural gas companies.

3) Features refer to the characteristics of certain goods, services, assets, etc.

4) Benefits are something that provides an advantage for someone. Financial benefits refers to material benefits including, money, stock, securities, licenses, contracts, etc.

5) A budget is the estimated income and expenses over a specific period of time.

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A small apartment property is estimated to have potential gross income of $ 25,000. Vacancy and collection losses are expected t
Bezzdna [24]

Answer:

the market value of the property would be $138,542.

Explanation:

To calculate the market value of the property , we need to divide the net operating income by the capitalization rate, in the question we have been given the capitalization rate but the operating income is not available to us. So with the help of given potential gross income we will calculate the effective gross income and then from it we will calculate the net operating income, lets see how to do step wise calculation -

POTENTIAL GROSS INCOME - $25,000

(-) VACANCY AND COLLECTION LOSSES = 5% X $25,000

                                                                       = $1250

EFFECTIVE GROSS INCOME  = $23,750

Now from this we will subtract the operating expenses to get net operating income -

EFFECTIVE GROSS INCOME = $23,750

(-) OPERATING EXPENSES  = 30% X $23,750

                                              = $7125

NET OPERATING INCOME = $16,625

Now for calculating market value putting these value sin the formula -

NET OPERATING INCOME / MARKET CAPITALIZATION RATE

= $16,625 / 12%

= $138,541.66

= $138,542 ( APPROXIMATELY )

7 0
3 years ago
Holding all else constant, when a bank receives the funds for a deposited check Question 3 options: A) bank liabilities decrease
blagie [28]

Answer:

D) cash items in the process of collection fall by the amount of the check.

Explanation:

Cash Items in the process of collection are all the item which is due and are in collection process. When a fund for a deposited check is received it is transferred to the depositor's account and in process collection are reduced the balance of account holder is increased. So, the appropriate answer is D) cash items in the process of collection fall by the amount of the check.

6 0
3 years ago
In a brainstorming session for a new drug to lower cholesterol, the members of the marketing department agreed the benefits of t
tiny-mole [99]

Answer: C- Encoding

Explanation: Encoding in communication is the process whereby the sender utilizes oral symbols like words, signs, pictures, videos, and non-oral symbols like body language, hand signals, facial expressions for which the sender believes the individual on the receiving side or audience will comprehend without misinterpreting.

It is the way of turning or transforming ideas into communication by using a channel that could be texts, phone calls or even in-person conferences. In this case, the marketing department decides to encode an ad campaign to the market so as to promote the new drug for lowering cholesterol.

8 0
3 years ago
Product, price, place, and promotion are the four elements in the
statuscvo [17]

Answer: Marketing Mix

Explanation:

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3 years ago
A target income refers to: ?a. income at the break-even point.?b. income from the most recent period.?c. income planned for a fu
Shkiper50 [21]
The target income refers to the income planned for the future. The answer is letter C. This type of income is expected by the management at a given specified accounting period. This now would direct the key functions of the management in relation to the action that it will do to achieve the certain income. 
5 0
3 years ago
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