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MA_775_DIABLO [31]
2 years ago
7

Jose started renting a house to Bill for $600 per month beginning February 1, 2019. Bill paid $1,200 on January 15, 2019, which

included one month’s rent and one month’s security deposit. The rent is due by the 5th of the month. The lease specifies that the security deposit will also be used as the final month’s rent. Bill pays the rent on the 2nd of each month. Bill also paid $150 for repairs to the air-conditioning system in July and $80 for a roof repair in September. He deducted the amounts from the rent paid to Jose for those months. Bill was unable to pay December’s rent until January of the next year. How much should Jose report as rental income for 2019?
Business
1 answer:
rusak2 [61]2 years ago
3 0

Answer: $6,600

Explanation:

Income, although not typically in a taxpayer’s possession, is usually constructively received in the taxable year which is when it is credited to the person's account, or made available so that the person may draw upon it at any time, or could have drawn upon it in the taxable year when the notice of intention to withdraw has already been given.

However, income is not constructively received when the taxpayer’s control of receipt is subject to limitations or restrictions. In this case, the last month’s rent ($600 security deposit) has already been constructively received and is included; but, the rent that was received in January for the December rent has not been constructively received and is therefore not included for a total of $6,600 which was derived from the [$600 deposit which was last month rent + ($600 × 10 months Feb-Nov)].

= $600 + $6000

= $6600

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When reactions to a small scale marketing effort are used to predict reactions in a larger​ area, the testing method​ is:The alt
Anton [14]

Answer:

1. Test market

2. Buzz or Word of Mouth Marketing

Explanation:

1. Test market is made up of a particular group of people who are used in checking feasibility of a product before bringing it out to the larger or general market. They are used to check how the general market would perceive the product once release. It is used in measuring consumer's response to a new product before introducing it to the larger market.

2. Buzz marketing involves or rather refers to the situation whereby a satisfied consumer/customer passes along information pertaining to a particular product to another consumer/customer. It is a situation whereby a person recommends the use of a particular products to another customer. It involves using word of mouth marketing to works in one's favour.

8 0
3 years ago
Mildred and Robert are the only buyers in the market for DVDs. Mildred buys 5 DVDs when the price of a DVD is ​$6.00 ​, 4 DVDs w
Nookie1986 [14]

Answer:

increases as the price falls

Explanation:

A. increases as the price rises

B .at $8.00 a DVD is 8 DVDs a month

C. at $6 a DVD is less than the quantity demanded at $8.00 a DVD

D. increases as the price falls

E .at $6.00 a DVD is 4 DVDs a month

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

As price decreases, quantity demanded increases

8 0
3 years ago
Choose a topic related to a career that interests you and think about how you would research that topic on the Internet. Set a t
I am Lyosha [343]

Answer:

Explanation:

Topic chosen is - HR manager, this position interest me because it would help to improve my managerial skills, it will as well help me to know other people and how to handle and understand them.

For this position, i went online for 15 min. collected information on job site like linkedin , monster, indeed, glassdoor etc. to gather as much information as possible.

From Linkedin i get to know the avg salary of HR manager is about $100,600 per annum.

From Indeed i was able get recent information of a job position vacancy for HR evecutive position in Tech company.

I wsa able to gather that HR manager position is for experienced person at least 3 years of experience and required many skills like planning, analytical, communication, technical skills. etc.

Within 15 mins of my research i had clear mind about my interest in HR and i gather information as where to start my my career

3 0
3 years ago
You want to purchase a new condominium that costs $325,000. Your plan is to pay 20 percent down in cash and finance the balance
alekssr [168]

The monthly mortgage payment including principal and interest is $1,936.25

Explanation:

PV = (1 - 0.20) × $325,000 = $260,000‬

r = 0.041 / 12

t = 15 * 12 = 180

C = \frac{PV}{\frac{1- [\frac{1}{(1+r)^{t} } ] }{r}}

C = $260,000‬ ÷ [1 - {1 / (1 + 0.041 / 12)∧180} / (0.041 / 12)]

C =  $1,936.25

The monthly mortgage payment including principal and interest is $1,936.25

7 0
3 years ago
Janice’s firm is entering a new market and she plans to set prices to take sales away from the established market leader even th
miv72 [106K]

Answer:

The correct answer is Sales-orientation.

Explanation:

The orientation towards sales is seen in sectors where competition is high, usually when supply is slightly higher than demand. In these cases, if consumers are not pushed, they will not buy the company's products.

Companies are going to focus on manufacturing more products than demand is able to absorb. In order to sell them all, aggressive sales and communication policies will be used.

6 0
3 years ago
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