Answer:
$650,000
Explanation:
The computation of the expected net cash flow for the year 1 is shown below:
= Annual operating cost reduced + expected revenue generated per year in the year 1
= $250,000 + $400,000
= $650,000
By adding the annual operating cost, and the expected revenue generated we get the project expected net cash flow for the year 1
Answer: c. A nonagency relationship with everyone in the office.
Explanation:
For an agency relationship to exist in the eyes of the law, there must be a contract with a written designated agency relationship between the client and Meramac Realty.
With no such contract in existence, the law recognizes no agency relationship between Meramac and any of its affiliates with the client. There is therefore a non-agency relationship with everyone in Meramac.
Answer:
c.
Explanation:
Based on the information provided within the question it can be said that in order for it to be enforceable, a writing is required for the employment agreement. This is because the employment requires initial work for a month before receiving payment for the services provided. Unlike the other two purchases, since money is being exchanged directly for a product or service at the exact moment.
Answer:
(A) $40,000
Explanation:
At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price
Since in the question, the land was purchased at $40,000. Moreover, for the tax purpose, the land is valued at $27,000 and the qualified appraiser appraise the value at $48,000. The cash payment is also offered for $46,000
But at the time of recording or reported, the balance sheet would show at the purchase price i.e $40,000
The answer is: C. higher; harder
Saving account is beneficial if you are not planning to use the money within a short period of time.
Typically, the interest rate provide around 0.08% interest rate annually while checking account only provide you with 0.06%. But, it is harder to access the money in your saving account since most banks put limitation on how much money you can withdraw each month.
