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REY [17]
3 years ago
7

Mary beth owns a rental house. her current tenant, carl, signed a two-year lease and moved into the house in january of last yea

r. at that time, carl paid mary beth $1,600 for the first month's rent, $1,600 for the last month's rent, and $1,600 as a security deposit. carl paid the $1,600 monthly rent in cash on the first of each month during the year, except in november when he replaced the water heater in exchange for his rent. the water heater would have cost mary beth $1,100 to purchase and install. how much rental income must mary beth report for last year?
Business
1 answer:
nexus9112 [7]3 years ago
4 0
Security deposit = $1,600  
Rent for 11 months $1,600*11 = $17,600 
 In November instead of paying rent to Mary Beth, Carl replaced the water heater. This water heater would have costed Mary Beth $1,100 to purchase and install, but as this was done by Carl, Carl did not pay rent ($1,600). So, for the month of November Mary Beth’s income is $1,100. 
 Rental income for the last year that is to be reported can be calculated as below: -
 ($1,600*11)+$1,100+$1,600 = $20,300 
 Answer: $20,300 to be reported as rental income of the last year.
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2 years ago
A high growth software company will pay its first dividend of S0.30 next year. This dividend of . After that, the growth will $0
bija089 [108]

Answer:

The price of the stock today is $3.49. The right answer is A.

Explanation:

In order to calculate the price of the stock today, we need to calculate first Value after year 5 with the following formula:

Value after year 5=(D5*Growth Rate)/(Required return-Growth Rate)

To find D5 we need to make the following calculations:

IF D1=0.3 , hence D2=(0.3*1.1)=0.33 , D3=(0.33*1.1)=0.363 , D4=(0.363*1.1)=0.3993 and D5=(0.3993*1.1)=0.43923

Therefore, Value after year 5=(0.43923*1.05)/(0.15-0.05) =$4.611915

Therefore, now we can calculate the the price of the stock today with the following formula:

current price=Future dividends and value*Present value of discounting factor(rate%,time period)

=0.3/1.15+0.33/1.15^2+0.363/1.15^3+0.3993/1.15^4+0.43923/1.15^5+$4.611915/1.15^5

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3 0
3 years ago
How many different ways are there to buy 8 fruits when the choices are apples, pears, and oranges?
Nadya [2.5K]

The total different ways are 65536.

How many ways can you buy 8 fruit?

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One could say that a permutation is an ordered combination.

The number of permutations of n objects taken r at a time is determined by the following formula: P(n,r)=n!.

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1 year ago
When a banker records how many dollars each of his borrowers owes the bank, money is serving as a rev: 06_06_2018 Multiple Choic
snow_lady [41]

Answer:

The correct answer is the second option: unit of account.

Explanation:

To begin with, the particular concept of money, in the economics field, has a lot of application that can vary depending on wheter the use that person is going to give it to it. In the cases where the money is use in the accounts of the companies to keep the books in actual values of the day then the money has the function of acting as a unit of account in order to know how much is the amount that it has to be registered in the books and therefore that the banker is using the money as a unit of account for the bank.

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3 years ago
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Answer:

A

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A is the answer to the question

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