Answer: $100,000 less
Explanation:
Since we are informed from the question that the real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers, this means that current revenue will be:
= $350,000 × 20
= $7,000,000
By lowering the price, the revenue made will be:
= $300,000 × 23
= $6,900,000
The difference is
$7,000,000 - $6,900,000
= $100,000 less.
Answer:
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A leverage by is one where there is.
Available Options are:
A. Investors' allowable investment depends on the accredited or non-accredited status.
B. Investors may invest a combined $50 million within a 12-month period.
C. Investors may invest no more than $1 million combined for the first year of the business.
Answer:
Option C. Investors may invest no more than $1 million combined for the first year of the business.
Explanation:
The non-accredited investors do not invest more than $1 million for first year. Furthermore, for Investor it also imposes investment in current business conditions which says that Investor can invest in its business with greater of:
1. $2000
2. Or the lesser of (If the net worth of Wendy is less than $100,000)
- 5% of its total income for the year
- Net worth
There is also an option which is available if the net worth of Investor exceeds above $100,000 then he can invest up to lesser of 10% of his income or net worth, otherwise he will have to follow the above conditions.
Here, it also has an upper limit, which means that the investor can not invest more than $100,000 in the subsequent year, whatever the level of net worth or income he had for the year.
This means the non-accredited investor can not invest more than $1 million.
Answer:
$593,000
Explanation:
Net income before debt in second year:
= Reported net income + wrote off accounts as uncollectible
= 600,000 + 34,000
= $634,000
Net income = Net income before debt in second year - Bad debts expense
= $634,000 - (1% of 4,100,000)
= $634,000 - 41,000
= $593,000