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Rudik [331]
3 years ago
5

During 2014 and 2015, Danny pays property taxes of $3,500 each year on a piece of land. During 2014, the land is vacant and unpr

oductive. In 2015, Danny uses the land as a parking lot and generates $16,000 in income. Which of the following is true regarding the property taxes?A) Capitalize $3,500 each year.B) Deduct $3,500 each year.C) Capitalize $3,500 in 2014 and deduct $3,500 in 2015.D) Either B or C is acceptable.
Business
1 answer:
motikmotik3 years ago
5 0

Answer: the answer is C deduct $3500 each year.

Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly

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Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which l
zubka84 [21]

Answer:

D. Ensure that she credits the loan amount accurately to the customer’s account

Explanation:

Financial institutions are companies that offer a wide range of monetary and financial services to various customers. The financial institutions include; commercial banks, brokerage firms, investments firms and currency exchange companies. The services offered are; cash deposits and withdrawals, loans, investment services and currency exchange services.

These services can be offered to individuals or even companies that might need a wide range of financial services. In order for these services to be conducted in an orderly fashion, the services offered have to be regulated. This means that the service providers and the customers have to operate within a legal threshold. A knowledge of the legal responsibility of each party is therefor important in these type of environment.

In our case, the legal responsibility of Erin who works as a representative of the financial institution would be to ensure that she credits the loan amount accurately to the customer's account since Erin had already approved the customer's housing loan.

4 0
3 years ago
________ means that service quality depends on the quality of buyer-seller interaction during the service encounter.
Anika [276]

Answer: interactive marketing

Explanation:

Interactive marketing is also referred to as event-driven marketing or trigger based marketing and it simply has to do with using an effective communication which is two-ways to enable the consumers connect directly with a company.

Interactive marketing means service quality depends on the quality of buyer-seller interaction during the service encounter.

3 0
3 years ago
A. Draw a production possibilities curve for a hypothetical economy producing capital and consumer goods.
solniwko [45]

Answer:

See the attached and the explanation below.

Explanation:

a.  A production possibility curve (PPC) refers to a curve that displays different combinations of the maximum output of two goods that can be produced from a given or fixed amount of input and technology.  

An example of PPC is figure (A) in the attached document.

b.  When there is a major technical breakthrough in the capital goods industry and the new technology is widely adopted only in this industry, it will make the PPC to rotate outward at the capital good axis only, while consumer good axis will remain the same (see the curve and the arrow in Figure B in the attached). This implies that the break has enabled the economy to produce more of capital goods while consumer goods production level remains the same.

c.  When there is a technological advance in consumer goods production, but not in capital goods production, it will make PPC to rotate outward at the consumer good axis only, while capital good axis will remain the same (see the curve and the arrow in Figure C in the attached). This implies that the break has enabled the economy to produce more of consumer good while capital good production level remains the same.

8 0
3 years ago
Identify any errors in the following partial balance sheet. The interest receivable should be __________________________________
Usimov [2.4K]
The interest receivable should be reported separately as a current asset. The allowance for doubtful accounts should be deducted from accounts receivable.
8 0
2 years ago
Roles of competition policy authorities in south Africa​
gladu [14]

Answer:

I hope you understand please follow me

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