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3 years ago

What is mean by rent receivable owing??

1 answer:

6 0

Rent Receivable is a balance sheet asset account which indicates the amount of rent that has been reported as having been earned, but the money has not yet been collected. The account Rent Revenue is also known as Rental Income.

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You have just sold your house for $ 1000000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and

DedPeter [7]

Answer:

cash will you have from the sale once you pay off the mortgage is $ 510194.55

Explanation:

given data

sold your house = $1000000

time t = 30 year = 360 month

initial balance P = $750,000

mortgage currently exactly = 18½ years = 138 months

interest rate r = 7.75 % = 0.646% per month

solution

we get here monthly loan payment that is

C = P ÷ $\frac{1}{r} \times (1-\frac{1}{(1+r)^n})$ ...............1

Putting values in formula we get

C = 750,000 ÷ $\frac{1}{.00646} \times (1-\frac{1}{(1+0.00646)^{360}})$

C = $5374.12

so monthly payment is $5374.12

and here Balance after 18.5 year will be

Balance after 18.5 year = $5374.12 × $\frac{1}{0.00646}$ × $(1-\frac{1}{1.00646^{138}})$

Balance after 18.5 year = $489805.45

and

we received here $1000,000 excess cash received is

cash received = 1000,000 - 489805.45

cash received = $ 510194.55

4 0

4 years ago

Which of the following would be considered a physical contaminant?

Cloud [144]

Answer:

Packaging staple is the correct example of physical contamination.

Explanation:

Physical contamination generally occurs in food when any foreign objects mostly hard and sharp objects that may result in injuries like choking, dental damage, and sometimes even death. Here, the packaging staple is a physical contaminant.

Other types of contamination are biological contamination and chemical contamination that occurs due to biological and chemical activities. The virus in a hamburger is an example of biological contamination, whereas, sanitizer residue and ice on frozen fish are examples of chemical contamination.

3 0

4 years ago

What is the purpose of the fibers in grease? A. It's the actual lubricating element in the grease. B. It prevents the lubricant

Fudgin [204]

What is the purpose of the fibers in grease?

The wrong answer is A. It's the actual lubricating element in the grease. Next B. It prevents the lubricant from evaporating. Then C. It traps the lubricant and holds it in suspension.

Finally And the correct Answer is D. It thinks the grease.

It will help you :)

8 0

3 years ago

Read 2 more answers

A situation in which the combined effect of several exposures is greater than the sum of the individual effects:

bixtya [17]

<span>A situation in which the combined effect of several exposures is greater than the sum of the individual effects synergism. Synergism is when two or more organizations come together to create something that is better than what they would've produced separately. This allows organizations to grow their customer base and product base by helping </span>each other.

5 0

3 years ago

On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and

Sloan [31]

Answer:

Bad debt expense for 2022 would be $4,225

Explanation:

Bad debt expense is the expense incurred by a company when a debtor of the company is unable to fulfuill their obligation to the company.

Bad debt expense for Coolwear Inc. would be calculated by

=Allowance for Uncollectible Accounts - (Uncollectible Accounts Balance - Accounts Receivable Writeoff)

Bad debt expense = $5,500 - ($1,950 - $675) = $4,225

4 0

4 years ago