The assessed value of a condominium is usually higher than a similar <u>Cooperative</u> because of outright ownership.
This is because a cooperative's assessed value is often lower than a condominium's because cooperatives are not owned outright.
In a condominium, each unit within a larger complex is sold, as opposed to being rented out. These apartments, townhomes, or even commercial warehouses may have undergone renovation. Contrary to common misconception, the term "condominium" refers to the legal ownership structure rather than the specific sort of unit. Any building with several units has the option to "become condominium," which requires tenants to leave the property or buy their apartments outright. The walls of a condominium are theoretically owned by the people who buy
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The role of accounting is to provide you and any other stakeholders with financial information about the company, such as sales revenue, the cost of benefits and the amount you owe your suppliers. Without the information from your accountants, you can't make good financial decisions for your business.
Answer:
B. Users need not be actively involved in the systems development process.
Explanation:
Users need to be actively involved in the systems development process.
Users should create a detailed written description of their needs. It should describe the user's view of the problem, not that of the system professionals.
Answer:
Total cost= $650,000
Explanation:
Giving the following information:
Fixed manufacturing costs$50000 per month
Variable manufacturing costs$12 per ton of steel
Bonita produced 50000 tons of steel during March.
<u>The flexible budget shows the total standard cost for the actual activity.</u>
Fixed costs= 50,000
Total variable cost= 12*50,000= 600,000
Total cost= $650,000
Answer:
D. The death of a key executive.
Explanation:
The accounting records refer to the recording of the day to day transactions that involve the purchase made. additional cash investment, cash sales, cash receipts, expenses incurred, withdrawn for personal use, cash payments, etc
The amount would be posted to the income statement, statement of stockholder equity, balance sheet, and the cash flow statement.
Since in the given scenario, the first three options reflect the accounting records while the last option is not relevant that means this is a correct option