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coldgirl [10]
2 years ago
11

Question 3 The owner of a cemetery plans to offer a perpetual care service for grave sites. The owner estimates that it will cos

t $130 per year to maintain a grave site. If the interest rate is 12.00%, what one-time fee should the owner charge for the perpetual care service? $1,300 $1,083 $130 $156
Business
1 answer:
den301095 [7]2 years ago
6 0

Answer:

$1,083

Explanation:

Given that,

Cost of providing perpetual care service for grave sites = $130 per year

Interest rate = 12 percent

Therefore, the one-time fee the owner should charge:

= Cost of providing perpetual care service for grave sites ÷ Interest rate

= $130 ÷ 0.12

= $1,083.33 or $1,083

Hence, the one-time fee should the owner charge for the perpetual care service is $1,083.

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spayn [35]

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<h3>What is a financial service?</h3>

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7 0
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Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense: a. Cash
slava [35]

Answer:

a. Unearned Revenue; b. Accrued Revenue; c. Accrued Expense; d. Prepaid Expense

Explanation:

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Accrued Revenue : Revenue earned i.e due , but not received

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3 0
3 years ago
On January 1, 2012, Piper Co., purchased a machine (its only depreciable asset) for $600,000. The machine has a five-year life,
kirza4 [7]

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Piper should report $308,000 as net income for the year . Option C

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4 0
3 years ago
In the​ swim-lane format of a business process​ model, all​ _______ for a role are included in that​ role's swim-lane.
boyakko [2]
<span>In the​ swim-lane format of a business process​ model, all​ activities for a role are included in that​ role's swim-lane.

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8 0
2 years ago
A company's 2013 year-end balance sheet included the following: Jan. 1 Dec. 31 Accounts Receivable $80,000 $100,000Inventory $60
denis-greek [22]

Answer:

B. $170,000.

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X company

statement of cash flow

For the year ended

Net income (balancing) (Note - 1)                                   $170,000

Cash flow from operating activities                      

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Increase in inventory                                     $(10,000)

decrease in Prepaid Expenses                     $25,000

Decrease in Accounts Payable                     $(20,000)

Increase in Deferred Revenue                      $30,000

<u>Cash flow                                                                                $30,000</u>

Net cash flow from operating activities                              $200,000

Note 1:

Net cash flow from operating activities - Total changes in working capital=                        $200,000-$30,000 = $170,000.

3 0
3 years ago
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