Renters are not affected by changing property price.
Renters don't have to pay for major repairs to the property.
Answer:
Option C) Littman's $179 expense will be greater than $100,000
Explanation:
Data:
Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000
From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.
Answer:
$6,712,053
Explanation:
Total current assets:
= cash and marketable securities + Inventory + accounts receivables + Other current assets
= $1,235,455 + $7,149,800 + $3,465,300 + $121,455
= $11,972,010
Total current liabilities:
= accounts payable + short-term notes payable
= $4,159,357 + $1,100,600
= $5,259,957
company's net working capital:
= Total current assets - Total current liabilities
= $11,972,010 - $5,259,957
= $6,712,053
Answer:
The Purpose of Government Regulation of Business
The U.S. government has set many business regulations in place to protect employees' rights, protect the environment and hold corporations accountable for the amount of power they have in a very business-driven society.
Explanation:
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Answer:
The payment to Sunland will increase the cash account of Sunland by $15,360.
It will also increase the liability account of Unearned Service revenue because Sunland has been paid for a service hat they have not rendered yet.
In December, they would have earned part of that money as 6 months would have elapsed.
Assuming the insurance is per month, for 2017, the revenue earned would be;
= 15,360 * 6/24 months
= $3,840
This amount will be sent to revenue on Dec. 31 and debited from the Unearned service revenue account to reduce that liability.