Answer:
Non-conforming zoning
Explanation:
Non-conforming is a type of variability in the zoning when a piece of land may be excluded from the current zoning decrees because of changes made by a previous owner or prior to an intended use by the present zoning decrees, in accordance with local law.
in accrual basis accounting, revenue is recorded when the seller's product is shipped or service is provided.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
Even though the cash for the transaction has not yet been exchanged, accruals are earnings or expenses that have an influence on a company's net income on the income statement. Due to the non-cash assets and liabilities they involve, accruals also have an impact on the balance sheet.
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Answer:
The answer is: D) A 529 Education Savings Plan
Explanation:
A 529 Education Savings Plan is designed specifically to cover educational expenses and most important, its tax free.
Coverdell Education Accounts don't allow contributions after age 18.
If the client prepays her college tuition plan, she will only cover educational unit expenses, but not all her expenses.
A five year savings bond shouldn't even be considered for this example.
Answer:
1. C. To increase total invested capital
2. B. 98%
Explanation:
(1). An organization monitors its inventory to ensure it has enough quantity of raw materials, so the production process is not disrupted.
Also when an organization purchases inventory in bulk, it gets a discount on the purchase price.
An organization also manages its inventory to ensure it has a range of goods available in anticipation of customers' demands.
<u>Inventory does NOT increase the total amount of capital invested.</u>
(2). Probability (risk) of stockout = 2% = 0.02
Service level = 1 - stockout risk
Service level = 1 - 0.02 = 0.98 = 98%
Answer:
Present Value of savings = $33,7842.35
Explanation:
An annuity: A series of equal amount receivable or payable in the future for certain number of years is called an annuity. There are two (2) types of <em>annuity due</em> and <em>ordinary annuity.</em>
The present value of an annuity is the amount that needs to be invested today to generate a series of equal annual cash flows in the future.
The concept of present value is based on idea that $1 today is not the same as $1 tomorrow as the former can be invested to earn interest making it higher than the later. This called the time value of money.
To calculate the present value (PV) of an annuity, we discount the series of future cash flows by a required rate of return called the discount rate. The discount rate in this question is 8.50%.
Using the formula below we can can calculate the present value (PV):
PV = A × (1 - ((1+r)^(-n))/r)
where- PV- Present value, A- annual cash flow, n- number of years, r- interest rate
= 66,000 ×( 1-(1 +0.085)^(-7))/0.085)
=66,000 × 5.1188
Present Value = $33,7842.35