Answer:
Explanation:
Income Statement
Calculations:
Service revenue = Service revenue+ Services performed but unrecorded = 7000+700 = 7700
Salaries and wages expense = Salaries and wages expense + Accrued but unpaid salaries and wages = 2200 + 500 = 2700
Supplies expenses = Supplies expenses - supplies that are still on hand = 1400 -350 = 1050
Income statement
Service revenue 7700
Expenses:
Salaries and wages expenses 2700
Supplies expenses 1050
Utilities expense 400
Insurance expense 400
Depreciation expenses 350
Total expenses 4900
Net Income (7700-4900) 2800
A) The cost to rebuild the house
This is due to the fact that there is no outstanding loan amount since the mortgage has been paid off.
Answer:
Find my detailed explanations and computations below
Explanation:
In essence, based on the unpaid balance of $6982.25 with a monthly interest rate of 1.55%, the finance charge on the unpaid balance can be determined as the unpaid balance multiplied by the monthly interest rate as shown
The finance charge for the month=unpaid balance*monthly interest
The finance charge for the month=$6982.25*1.55%
The finance charge for the month=$108.22
The balance owed altogether is the unpaid balance plus the finance charge on the unpaid balance
Total balance unpaid=$6982.25+$108.22
Total balance unpaid=$7,090.47
Answer:
2. entry or exit of firms in the market.
Explanation:
A perfect competitive market is when there are many buyers and sellers of homogenous goods and services.
Firms sell homogenous products both in the short and long run.
There are no barriers to entry and exit of firms into the market.
Firms in a perfect competition earn zero economic profit in the long run. If in the short run, firms make economic profit, firms enter into the market in the long run.
If in the short run, firms make economic profit, firms leave the market in the long run.
Answer: The doctor has acquired neither title by adverse possession nor a prescriptive easement.
Explanation:
It should be noted that in this scenario, the doctor has not acquired title by adverse possession nor the prescriptive easement in the land.
For the doctor to eb able to establish the title by adverse possession, it should be noted that the possession will have to be actual and exclusive, adverse, open and notorious, and continuous in the statutory period.
Therefore, following the information in the question, the doctor has acquired neither title by adverse possession nor a prescriptive easement.
