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3 years ago

A fee interest timeshare divides the ownership of a unit into separate time intervals.

Business

1 answer:

Elenna [48]3 years ago

6 0

Answer:

The correct answer is letter "A": True.

Explanation:

A fee interest timeshare or a simple fee represents the highest possible ownership interest someone can hold in real estate. It implies the property in reference is deeded so it is provided officially the owners to the document holder. Thus, that individual could use the property at will.

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During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per

docker41 [41]

Answer:

424000

Explanation:

Answer: Net income under absorption costing = $424000

Explanation:

Given that,

Direct materials =$4 per unit

Direct labor = $2 per unit

Variable overhead = $3 per unit

Fixed overhead = $256,000

company produced = 32,000 units

company sold = 26,500 units

inventory at year-end = 5,500 units

Income under variable costing = $380,000

Total variable cost = (Direct materials+Direct labor +Variable overhead) × units produced

= (4+2+3) × 32000

=$288000

Per unit fixed cost =

= $8

Fixed cost on inventory = inventory at year-end × Per unit fixed cost

= 5500 × 8

= 44000

Net income under absorption costing = Income under variable costing + Fixed cost on inventory

= 380000 + 44000

=$424000

Read more on Brainly.com - brainly.com/question/13025383#readmore

3 0

3 years ago

Keeping your _____ and _____ in mind will dictate what you say and how you say it. A. Mood, interest C. Age, experience B. Mom,

Shkiper50 [21]

A. Mood, interest.

Keeping your MOOD and INTEREST in mind will dictate what you say and how you say it.

7 0

3 years ago

Read 2 more answers

Purple Turtle Group is analyzing a project with the following cash flows: Year Cash Flow 0 -$795,000 1 $375,000 2 $-500,000 3 $6

Phantasy [73]

Answer:

MIRR = 4.32%

Explanation:

year cash flow

0 -$795,000

1 $375,000

2 -$500,000

3 $600,000

4 $400,000

Since there are 2 cash outflows, the IRR calculation would result in two different answers (1 for every cash outflow), that is why we use the MIRR function in excel.

=MIRR (cash flows, finance rate, reinvestment rate)

=MIRR (-795000 to 400000, 5.5%, 5.5%)

Since we are only given one interest rate, we will use it as our finance rate and our reinvestment rate.

MIRR = 4.32%

6 0

3 years ago

Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________

iren2701 [21]

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

6 0

3 years ago

Which of the following assessments of electronic retailing is most accurate? a. The line between electronic retailing and tradit

IgorC [24]

Answer:

The correct answer is letter "A": The line between electronic retailing and traditional retailing is blurring as traditional retailers go online.

Explanation:

Most purchases nowadays are being processed online. The easiness to access to a wide variety of products and the methods of payments causes more people to buy online. Besides, the number of retailer stores with mobile apps is increasing so there is no need to have a computer to make the purchases online since they can be made with a phone. This scenario is fading the line that used to separate traditional retailing with online retailing.

4 0

4 years ago