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
Vladimir79 [104]
2 years ago
11

A seller received a rental payment of $100 in advance. At closing, the seller has "earned" only $32 of this rent. What should ap

pear on the closing statement?
Business
1 answer:
allsm [11]2 years ago
3 0

Answer:

$68 appears as the amount unearned but received (or still paid in advance) in the closing statement

Explanation:

Amount received in advance = $100

Amount earned = $32

Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned

Amount (in advance at closing) = $100 - $32

                                                    = $68

The amount that will appear in the closing statement as rental payment still in advance is $68.

You might be interested in
Bridgeport Inc. wishes to accumulate $1,092,000 by December 31, 2030, to retire bonds outstanding. The company deposits $168,000
Svetlanka [38]

Answer: $9,479

Explanation:

The number of periods = 10 years * 4 quarters = 40 periods

Interest per quarter = 10%/4 = 2.5%

$168,000 has been deposited. The value of this cash after 10 years is;

= 168,000 ( 1 + 2.5%) ^ 40

= $451,090.72

Out of $1,090,000, the amount remaining is;

= $1,090,000 - 451,090.72

= $638,909.28‬

They need to deposit an annuity per quarter to get to $638,909.28‬.

Future Value of Annuity = Annuity * ([1 + I]^N - 1 )/I

638,909.28‬ = Annuity * [(1+0.025)^40 - 1] /0.025

638,909.28 = Annuity * 67.40255

Annuity = 638,909.28/67.40255

= $9,479

5 0
3 years ago
he natural level of output is the amount of real gdp produced a. when the economy is at the natural level of aggregate demand. b
Cloud [144]

The natural level of output is the amount of real GDP produced b. when the economy is at the natural rate of unemployment.

Real GDP is essentially a measure of a country's total economic output, adjusted for changes in prices. The value of real GDP reflects a country's economic statistics at a macro level.

When real GDP produces natural output, that is, the output level is in line with the equilibrium of the labour market when the real price level is equal to the expected price level. Then the economy makes the most of its productivity, including fully utilized labour, which means that the economy is at the natural rate of unemployment.

Find out more on the natural rate of unemployment at:

brainly.com/question/17205513?referrer=searchResults

#SPJ4

3 0
1 year ago
Suppose your employer offers you a choice between a $ 5 comma 000 bonus and 100 shares of the​ company's stock. Whichever one yo
blagie [28]

Answer:

a) I will pick the shares and sell them ,as this will yield a better return 6,338 to 5,000

b) I will consider:

  • the expectation on the stock price
  • and the rate of return in the market
  • at current price, it will yield 26.76%

Explanation:

100 shares x 63.38 = 6,338 cash bonus for shares

If the stocks should be retained for at least a year.

there are two components that will need consideration:

the expectation on the stock price

and the rate of return in the market

if we assume the stock will keep the same value then it will yield:

6,338 / 5,000 - 1 = 0.2676 = 26.76%

7 0
2 years ago
The following are monthly actual and forecast demand levels for May through December for units of a product manufactured by the
FinnZ [79.3K]

Answer:

The value of the tracking signal as of the end of December is 8.

Explanation:

month actual  forecast  forecast RSFE absolute MAD Tracking signal

           sales  sales           error                error    

May      105  102              3            3      3              3                  1

june       78 104           -26 -23      -26     -11.5           2

july       108  101             7    -16         7     -5.33333            3

august 112 104              8   -8      8       -2             4

sep    108 104       4    -4      4       -0.8             5

oct         110 104             6    2         6       -0.6667      -3

nov    125 105           20   22    20    3.142857143     7

dec    125 109            16          38    16      4.75          8

5 0
3 years ago
The state highway department has condemned Mr. Beamer's farm to build a new highway by-pass. They have already paid $160,000 for
murzikaleks [220]

Answer:

The invested amount is $187,412.68

Explanation:

The computation of the amount that have to invested is shown below:

Amount = Paid amount × (1 + rate of interest)^number of years

where,

The Paid amount is $160,000

rate of interest is 4% ÷ 12 = 0.33%

And, the number of years is = 4 × 12 = 48

Now the invested amount is

= $160,000 × (1 + 0.33%)^48

= $187,412.68

Hence, the invested amount is $187,412.68

7 0
3 years ago
Other questions:
  • Suppose a country without any international trade opens its borders to international trade. after specialization how will its lo
    12·1 answer
  • Pes
    11·1 answer
  • Canova Corporation adopted the dollar-value LIFO retail method on January 1, 2018. On that date, the cost of the inventory on ha
    5·1 answer
  • What is the opportunity cost?
    9·2 answers
  • Five reasons why people travel
    6·2 answers
  • Sheridan Company reported the following year-end information: Beginning work in process inventory$1080000 Beginning raw material
    13·1 answer
  • The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society
    11·1 answer
  • Assume a pension fund purchased stock at $53. Call options at a $50 exercise price presently have a $4 premium per share. The pe
    14·1 answer
  • The cost of equity is ________. the interest associated with debt the rate of return required by investors to incentivize them t
    6·1 answer
  • Direct labor and overhead costs incurred to change raw materials into finished products are known as
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!