Answer:
Jasmine recognize $1,940 this year if she uses the accrual method of accounting.
Explanation:
The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.
The entry to record the receipt of payment is :
Cash $15,520 (debit)
Unearned Rental Income $15,520 (credit)
By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :
Unearned Rental Income $1,940 (debit)
Rental Income $1,940 (credit)
Rental Income calculation = $15,520 × 4 / 32
= $1,940
Answer:
$535,000
Explanation:
The computation of the Latham's basis in the building is shown below:
= The material cost + direct labor cost + worker pension cost + architectural fees + depreciation on equipment + interest paid during the year
= $300,000 + $150,000 + $5,000 + $15,000 + $25,000 + $40,000
= $535,000
It includes both direct and indirect cost
Since we have to compute for the building so we do not considered the purchase value of land and the loan amount
Answer:
e. Responsiveness
Explanation:
Having in mind the building blocks of service quality, this example shows the responsiveness block.
It represents the eagerness of the company to proactively improve service according to customers' needs. In other words, it relates to how much the company is willing to help its customers or react to their potential inquiries for improvement.
Besides offering the basic service, Marriott Hotels carefully analyses the data that would help the company better cater to their customer base in the future.
Answer:
anticipatory repudiation.
Explanation:
Anticipatory repudiation refers to a party involved in a contract breaching the contract in advance. Through the use of anticipatory repudiation, the party that is breaching the contract declares that they are not going to perform their obligations.
In order to reduce possible damages and avoid potential losses, the party that breaches the contract has to act as quickly as they can so that the other party suffers the least possible damage or suffers the least possible losses. But still, the other party can sue for the breach of the contract and for any potential damages originated by the contract breaching.