1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
2 years ago
5

"Evan lives in an apartment building. The land and structures are owned by a corporation, with one mortgage loan covering the en

tire property. Like the other residents, Evan owns stock in the corporation and has a lease on his apartment. This type of ownership is called a____."
Business
1 answer:
julsineya [31]2 years ago
5 0

Answer:

co-operative ownership

Explanation:

Cooperative ownership is an apartment ownership  is the process where by a buyer receives shares of stock in the building corporation and a lease of the apartment being sold as the case of Mr Evan.

You might be interested in
True or False: In a competitive labor market, increasing the minimum wage always raises the number of employed workers.
Brrunno [24]
I believe it’s true
4 0
2 years ago
Use the following information to answer the next two questions: Q14 and Q15. The Cavallas Co. had the following balances in sele
Annette [7]

Answer:

Debit bad debt with $4,000, and credit Accounts receivable also with $4,000.

Explanation:

New bad written off = Accounts receivable × 4% = $100,000 × 4% = $4,000

The journal entries will be as follows:

<u>Details                                            Dr ($)                 Cr ($)          </u>

Bad debt                                        4,000

Accounts receivable                                                4,000

<u><em>Being a bad written off the accounts receivable                      </em></u>

3 0
3 years ago
Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec
Gre4nikov [31]

Answer:

a. 5% of $ 650,000=     $ 32,500

b. Required Adjustment  = $ 19,100

c. Required Adjustment  = $ 34,900

Explanation:

             Days Past Due

         Total           0                1 to 30          31 to 60      61 to 90         Over 90

Accounts- $650,000 $412,000 $106,000 $52,000 $34,000 $46,000

receivable

             

Percent-                          2%          3%             6%                8%               11%

uncollectible    22,320    8,240      3180         3120          2720            5060  

a. 5% of $ 650,000=     $ 32,500

B . Unadjusted Balance = $ 13,400 Credit

    Estimated Balance= $ 32,500

Required Adjustment  = $ 19,100

C. Unadjusted Balance = $ 2,400 Debit

        Estimated Balance= $ 32,500

Required Adjustment  = $ 34,900

4 0
3 years ago
If the economy booms, RTF, Inc., stock is expected to return 13 percent. If the economy goes into a recessionary period, then RT
Furkat [3]

Answer: 0.000903

Explanation:

Expected return is the sum of the probability that the other returns will happen.

= (13% * 83%) + (5% * 17%)

= 10.79 % + 0.85%

= 11.64%

Variance = ((Return during boom - Expected return)²*probability of boom) + ((Return during recession - Expected Return)²*probability of recession)

Variance = ((13% -11.64%)² * 83%) + (5% - 11.64%)² * 17%)

= 0.0001535168 + 0.0007495232

= 0.000903

6 0
3 years ago
When merging REA diagrams from two different cycles, it is not necessary to change the minimum cardinality for _____ that appear
elixir [45]

Answer:

c. Events

Explanation:

REA is the acronym for Resource, event, agent. It is a model employed by the Accounting Information System (AIS). REA comprises three (3) categories of elements.

  • Resource ( inventory, cash)
  • Event (sale, purchase)
  • Agent (customer, employees)

REA a technique used for documentation, and it represents a portion of an entity-relationship diagram.

During the different evaluation of business cycles, the minimum cardinalities of the event are usually the same. It is not altered, i.e., they remain 0 despite each business cycle component when REA diagrams are fused.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Cora will be a bridesmaid next summer, and has purchased her dress online. The next time she turned on her computer, Cora was su
    8·1 answer
  • Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
    11·1 answer
  • 1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $21,000 on t
    10·1 answer
  • only a monopolistically competitive firm operates at its efficient scale. both a perfectly competitive firm and a monopolistical
    9·1 answer
  • The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previ
    8·1 answer
  • Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes
    11·1 answer
  • As described in your text, Brown and Finn (1982) found that attitudes regarding alcohol were somewhat different for 12-year-olds
    10·1 answer
  • __________ is a condition in international trade when the value of the imports into a nation is greater than the value of its ex
    9·2 answers
  • Given the following historical demand and forecast, calculate the Mean Absolute Percentage Error: Week 1 Demand: 50 Forecast: 49
    14·1 answer
  • Joint products A and B emerge from common processing that costs $116,000 and yields 4,000 units of Product A and 2,800 units of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!