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Masja [62]
2 years ago
14

Reggie and Bebe own an apartment building in Portland, Oregon, with 8 identical units. They live in one and rent the remaining u

nits. Their rental income for the year was $45,000. They incurred the following expenses for the entire building: Advertising for available units $ 850 Maintenance 9,000 Repairs 7,500 Utilities 12,000 Depreciation 8,000 What amount of net income should Reggie and Bebe report for the current year for this
Business
1 answer:
pentagon [3]2 years ago
6 0

Answer:

$12,213

Explanation:

Calculation to determine What amount of net income should Reggie and Bebe report for the current year for this

NET INCOME

Rental Income $45,000

Advertising for available units $850

Maintenance $7,875

($9,000*7/8)

Repairs $6,562.5

($7,500*7/8)

Utilities $10,500

($12,000*7/8)

Depreciation $7,000

($8,000*7/8)

Net Rental Income $12,213

Therefore the amount of net income that should Reggie and Bebe should report for the current year is $12,213

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The two dimensions of the competing values framework are
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Answer: The two dimensions of the competing values framework are the internal focus and imagination and the flexibility and discretion.

Explanation: There are 2 dimensions but 4 models within the competing values framework. The reason this model is called the competing models framework is because each model conflicts the message of another. These framework models do not agree and often times compete for what the best option to make is.  

4 0
3 years ago
Sometimes, unethical behaviour appears from employees who advance their vested interests over the company properties, please exp
Fofino [41]

Unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance.

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6 0
3 years ago
Read 2 more answers
"California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its insura
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<h3>California Inc Estimated ending inventory is $319,000 </h3>

Explanation:

Goods available for sale = Beginning inventory + Net purchases

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Gross profit = Net sales *  profit %

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Estimated cost of goods sold = Net sales - Gross profit

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Estimated ending inventory = Goods available for sale - Cost of goods sold

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California Inc Estimated ending inventory is $319,000

3 0
3 years ago
3. Why accrue an expense?
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Because accrued expenses represent a company's obligation to make future cash payments, they are shown on a company's balance sheet as current liabilities.
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