The adjustment in the property value should be <u>$17,500 increase</u> so that the property is valued at $367,500.
<h3>Data and Calculations:</h3>
Value of property 10 months ago = $350,000
Increase in property values = 5%
Adjustment in property = $17,500 ($350,000 x 5%)
<h3>What is adjustment in property value?</h3>
This is the change in the value of property as a result of an increase or decrease in the values of comparable properties within the locality.
Thus, the adjustment in the property value should be <u>$17,500 increase</u> so that the property is valued at $367,500.
Learn more about adjustment in property values here: brainly.com/question/15397430 and brainly.com/question/7142333
Answer:
Explanation:
The journal entries are shown below:
On September 9
Petty cash A/c Dr $350
To Cash A/c $350
(Being fund is established)
On September 30
Merchandise inventory A/c Dr $40
Postage expense A/c Dr $123
Miscellaneous expenses A/c Dr $80
Cash shortage A/c Dr $3
To Cash A/c $246
(Being fund is reimbursed)
On October 1
Petty cash A/c Dr $50 ($400 - $350)
To Cash A/c $50
(Being fund is increased by $50)
Answer: stakeholders
Explanation:
Stakeholders simply refers to an economic entity which could be an individual or an organization that is interested in a particular project or organization and can be impacted by the activities of such organization.
It should be noted that the main stakeholders in an organization are the investors, customers, the employees, and the suppliers. Therefore, the answer to the question is stakeholders.
Answer:
The correct answer is option C.
Explanation:
Two cities are planning to demolish their old stadiums and build new ones.
Keeping everything else equal, the old stadium cost $5 million to build in one city and $50 million to build in the other.
These construction costs are sunk costs that have been incurred and cannot be recovered. Since these costs cannot be any longer recovered they should not be considered in deciding future investments.
That statement is false.
In order to catch up with rich countries, a country with low income probably need to maintain more than 100% growth rate in about 10 years.
Because if the country only increases its growth rates slightly, the rich countries may grow even further during that period.
