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Grace [21]
2 years ago
7

Bill is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenan

t. The tenant made timely monthly rental payments of $550 per month for the months of January through December 2018. The following expenses were incurred on the entire building:
Utilities $3, 600
Maintenance and repairs $900
Insurance $500

In addition, depreciation allocable to the rented apartment is $1, 500.What amount should Bill report as net rental income for 2015?

A. $100
B. $2, 600
C. $0
D. $1, 400
E. None of these choices are correct.
Business
1 answer:
Mnenie [13.5K]2 years ago
5 0

Answer:

B. $2,600

Explanation:

The computation of the net rental income is shown below:

= Monthly rental payments × total number of months in a year - (utilities + maintenance & repairs  + insurance) × percentage - depreciation expense

= $550 × 12 months - ($3,600 + $900 + $500) × 50% - $1,500

= $6,600 - $2,500 - $1,500

= $2,600

Since only one apartment is on rent so we considered the expenses of the building at 50% not full value and the same is applied above

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Inventory Control and Planning Neilsen Cookie Company sells its assorted butter cookies in containers that have a net content of
xenn [34]

Answer:

 48,497.42  containers

Explanation:

<em>The economic order quantity (EOQ) is a model that is used to determine the optimum order size that minimizes the balance of carrying and ordering cost.</em>

T<em>his model can also be modified to determine the optimum batch quantity, that is the number of units to produced in a production run. The model is given below  </em>

EOQ = √2× Co× D/Ch

EOQ - economic production run, Co- set up cost per run, Ch- carrying cost per unit per year, D-  demand

EOQ = 2 √2× 490× 1,200,000/0.5

EOQ =  48,497.42  containers

Neilsen should produce  48,497.42  containers per production run in order to minimize the production cost

4 0
3 years ago
Monroe is reviewing an appellate case for class and must correctly identify the parties to the case. In the case, the original d
Alborosie

Answer:

appellant

Explanation:

appellant - it is referred to as the party that challenges the case in the upper court. Appellant is in search of modification of case. when appellant are not satisfied with the judgment of the lower court they appeal in higher court for some reversal in case.

for example - if someone is not satisfied by the judgment on eligibility to the particular post then the person can appeal to the higher authority to seek the result according to him/her.

4 0
3 years ago
Bakery a sells bread for $2 per loaf that costs $0.50 per loaf to make. bakery a gives a 70% discount for its bread at the end o
icang [17]

Answer: $0.60

Price per loaf: $2

Discount given for its bread at the end of the day= 70%

Solution:

Salvage value<span> is the estimated resale value of a product at the end of its useful life. Since the useful life of the loaf is 1 day and it was sold at the end of the day at 70% off, the salvage value is  </span>

$2 × (1 - 70%)

<span>$0.60.</span>

7 0
3 years ago
Which of the following would shift the supply of Green Bay Packers football jerseys to the left? a. The Green Bay Packers make i
azamat

Answer:

Explanation:

The situation that would shift the supply of Green Bay Packers football jerseys to the left is when the cost of the fabric used to make the jerseys increases.

A change in a supply is shown as a shift of the supply curve.

Factors that causes a shift in the supply curve include <u>prices of factors of production</u>, returns from alternative activities, technology, seller expectations, natural events, and the number of sellers.

In the scenario, the cost of the fabric used to make the jerseys increases and will cause suppliers to make less jerseys given that all other things remain constant because given the same amount of money they will only be able to buy fewer raw materials which will lead to making fewer jerseys

3 0
3 years ago
What is the Total Cost of a stock purchase if the stock price is $54, shares purchased 150, with a $5 Commission Fee? (See probl
ankoles [38]

Answer:

a $8,105

Explanation:

To find the answer you have to use the ormula to calculate the total cost of a stock purchase:

Total cost=(Price per stock*Number of stocks)+Commission

Total cost=($54*150)+$5

Total cost=$8,105

According to this, the answer is that the total cost of a stock purchase is $8,105.

3 0
3 years ago
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