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scoundrel [369]
3 years ago
7

75 of 100 - jim inherited a property that has not been maintained in years, the property needs new appliances, a roof, new sidin

g, new electrical and plumbing. the cost of the updating far exceeds the value of homes in the area. the lack of feasibility in doing these repairs is called:
Business
1 answer:
Rzqust [24]3 years ago
3 0
The lack of feasibility in doing these repairs is called incurable. Incurable depreciation is a term that describes a defect or a set of defects that can not be cured or it is financially impractical to cure. More specifically, this term refers to the case when the cost of repairing something surpasses the value this item will add to the structure.
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A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 yea
taurus [48]

Answer:

$121,363

Explanation:

The amount in 30 years is known as the Future Value (FV) . We arrive at this figure by compounding the Present Value using the interest earned on the savings as follows :

PV =  $50,000

P/yr = 1

N = 30

PMT = $ 0

i = 3 %

FV = ?

Using a Financial calculator to enter the amounts as shown above, the FV can be determined as $121,363

8 0
3 years ago
If 3,000 is invested at 7% for 6 months,how much simple interest is earned
Shtirlitz [24]
I believe the answer would be $126,000 because 3,000*7*6 equals 126,000. I may have done it wrong since I haven't done this in a while.
4 0
2 years ago
Which of the following statements is NOT true of a department in the merchandise classification scheme? it is the second level i
Eva8 [605]
The first one is true I think
7 0
3 years ago
Whether a business makes a profit or loss is determined by the difference between the total amount of money a business takes in,
elena55 [62]

Answer:

Revenue/Income; Expenses

Explanation:

Profit or Loss is determined as the difference between the revenue made by a business (also known as its income), and the expenses spent in the process of generating that revenue.

Profit/Loss = Revenue - Expenses

If the difference is positive, the outcome is a profit. If the difference is negative, the outcome is a loss.

5 0
3 years ago
Which of the following is an example of an employee contribution retirement plan
tekilochka [14]

Answer:

401 retairement plan

Explanation:

A 401(k) is a retirement plan based on savings with the contribution of the employer. The contribution made by the employer and portion of the wage that is saved is collected before taxes.

8 0
3 years ago
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