Answer:
$6,000
Explanation:
Data given in the question
Sale value of the furniture = $120,000
Interest rate = 10%
So by considering the above information, the interest recorded is
= Sale value of the furniture × interest rate × number of months ÷ total number of months in a year
= $120,000 × 10% × 6 months ÷ 12 months
= $6,000
The six months is calculated from June 30 to December 31 and we considered the same for the above calculation
Answer:
Total collected during the quarter $ 864,896
jan $ 191,400
Feb $ 287,680
March $ 385,816
Explanation:
We sovle for the amount colelcted on each period according to the budgeted amount in the sales department
![\left[\begin{array}{ccccc}&$January&$February&$March&$Quarter Total\\\\$Sales&290,000&348,000&417,600&1,055,600\\\\\\$Current Month&191,400&229,680&275,616&696,696\\$Previous&&58,000&69,600&127,00\\$two months &&&40,600&40,600\\$Total&191,400& 287,680&385,816&864,896\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%26%24January%26%24February%26%24March%26%24Quarter%20Total%5C%5C%5C%5C%24Sales%26290%2C000%26348%2C000%26417%2C600%261%2C055%2C600%5C%5C%5C%5C%5C%5C%24Current%20Month%26191%2C400%26229%2C680%26275%2C616%26696%2C696%5C%5C%24Previous%26%2658%2C000%2669%2C600%26127%2C00%5C%5C%24two%20months%20%26%26%2640%2C600%2640%2C600%5C%5C%24Total%26191%2C400%26%20287%2C680%26385%2C816%26864%2C896%5C%5C%5Cend%7Barray%7D%5Cright%5D)
$5,000 because 10,000-2,000=8,000 is left then another 2,000 taken out would leave you with 6,000 then 1,000 taken would leave you with $5,000
D is the answer to your question
Answer:
Option (a) and (c) are correct.
Explanation:
We know that rent control is an example of price ceiling. If the price of apartments set below the equilibrium price level then there is increase in the demand for apartments. So, the demand for apartments exceeds quantity supplied at the prevailing market price.
(a) Therefore, the quality of rental housing falls because of the lower price of the apartment. As this will become less profitable for the landlords, so they are least interested in the maintenance of the apartments.
(b) This will also lead to develop black market. The landlords are trying to fool the higher authorities and rent their apartments at a higher cost because this will be done without any type of legal documentation of the apartments or results from the manipulation of the rules.
