Answer:
Constitutional protection and guarantees do not necessarily extend to private property, an generally they don't. Constitutional protections and guarantees cover any government action (at any level): But since the condominium is private property, then the homeowner association's action is not covered. It is most likely that Joan will be forced to leave the condominium.
Explanation:
Answer:
Price index = 125
Explanation:
Given:
Last year paid $24 for a round of golf and $12 to rent a golf cart.
This year it cost you $30 to golf and $15 to rent a cart.
Question asked:
Based on this simple basket of goods, calculate a price index for this year using last year as the base year.
Solution:
Total cost of last year = For a round of golf + Rent of a golf cart
= $24 + $12 = $36
Total cost of this year = $30 + $15 = $45
Now, we will find price index for this year by using last year as the base year.
<u>As we know:</u>


Thus, price index for this year using last year as the base year is 125
Explanation:
The solution can be made in tabular form as given below for better comprehension. This easily calculates gross profit for each of the four costing methods.
Particulars FIFO LIFO Avg cost Spec. ID
Sales 50900 50900 50900 50900
Cost of goods sold 31800 32920 32248 32540
Gross Profit 19100 17980 18652 18360
Answer:
bad debt expense for the year 2016: 11
Explanation:
We can solve for bad debt expense doing the following
beginning allowance
- write-off accounts
+ bad debt expense
Equals to ending allowance
<u>We plug our values: </u>
2016 Beginning allowance 32
(Ending 2015)
write-off (12)
bad debt expense <u> ? </u>
2016 Ending allowance 31
And solve for bad debt expense:
Bad debt expense = 12 + 31 - 32 = 11
Answer:
The required quarterly payment is $52,096
Explanation:
According to the given data we have the following:
Principal=$2,000,000×0.90=$1,800,000
I=8.1%/4=2.025%
N=15×4=60
Therefore, in order to calculate the required quarterly payment we would have to use the following formula:
quarterly payment=<u>$1,800,000</u><u>×2.025%</u>
1-(1+2.025%)∧-60
=$52,096