Difference between the purchase price of the home and its current market price
The characteristic of value that is represented here is <u>C. Situs.</u>
<h3>What is Situs?</h3>
Situs refers to the location of the property in legal terms. The location of an asset adds or subtracts value from the property. Some properties are located in urban areas where the demand is much more than in suburbs or rural areas. Such properties attract equivalent values based on their locations.
<h3>Answer Options:</h3>
A. Scarcity
B. Nolo Contendere
C. Situs
D. Caveat Emptor
Thus, the characteristic of value represented in this scenario is not scarcity, nolo contendere, or caveat emptor, but <u>Option C. Situs.</u>
Learn more about the location of a real estate at brainly.com/question/26010601
Answer: work hard; $65; less; $85
Explanation:
The following can be deduced from the question:
The Expected profit from working hard will be:
= (90% × $200) + (10% × $50)
= (0.9 × $200) + (0.1 × $50)
= $180 + $5
= $185
Then, the profit will be the difference between revenue and coat which will be:
= $185 - $100
= $85
Then, the expected profit from shirking will be:
= (90% × $50) + (10% × $200)
= (0.90 × $50) + (0.10 × $200)
= $45 + $20
= $65
Then, the profit will be:
= $65 - $0
= $65
Eric will (work hard) because the net gain of ($65) from shirking is (less) than the net gain of ($85) from working hard.
Answer:
Cash, account receivable, equipment, utilities expenses, salaries expense
Explanation:
Normally, the asset and expense accounts have debit balances while the liabilities, equity, revenue and other income accounts have credit balances.
In the given list of account:
Cash, account receivable, equipment belong to asset accounts, therefore will have normal debit balance.
Utilities expenses, salaries expense belong to expense accounts, therefore will have normal debit balance.
Remaining items in a given list will have normal credit balance.
