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3 years ago

Is rental income a. Investment b. Cash

2 answers:

6 0

I think cash is right answer because investment is not known as a rental income so rental income is a libility which is pay by cash or cheque but investment means to invest and save for further life.

barxatty [35]3 years ago

4 0

Answer:

Investment, you buy a property to rent in hope to make your money back over time. So it would be considered an investment

Explanation:

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. Tiger Mfg. owns a manufacturing facility that is currently sitting idle. The facility is located on a piece of land that origi

N76 [4]

Answer: $1,200,000

Explanation:

The firm should include $1,200,000 as the cost of the Manufacturing facility for a new project in it's analysis.

This is because $1,200,000 is the opportunity cost of not selling the facility. The old costs that were incurred for the land and the facility are to be considered sunk costs as they have already been incurred and the only relevant cost now is what the market will pay for the facility which is $1,200,000.

4 0

3 years ago

During a recent month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec

prisoha [69]

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

7 0

3 years ago

Splish Corporation has retained earnings of $707,000 at January 1, 2020. Net income during 2020 was $1,428,500, and cash dividen

BartSMP [9]

Answer:

Explanation:

Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer fro the year, dividend paid during the year etc.

Splish Corporation

Retained Earning Statement

for the year ended December 31, 2020

Retained Earning at January 1, 2020 707,000

Less: Cash Dividend paid during 2020 85,000

Add: Net Income for the year 2020 <u>1,428,500</u>

Retained Earning ath December 31 2020 <u>2,050,500</u>

5 0

2 years ago

Multiplication. Phyllis, who is 30 years old, works for We Add for You Accounting. Phyllis has worked there for a number of year

blagie [28]

Answer:

B. Bolivar is prohibited from listening to the phone calls as long as he wants, and only limited exceptions exist for the monitoring of calls.

Explanation:

Bolivar is clearly breaching the privacy of Phyllis and as such it is imperative that Bolivar is prohibited from listening to phone call as long as he wants and and that also, only some certain calls that are exempted can be listed to by Bolivar.

This means that should Bolivar be caught listening to private conversation he can be sued.

Cheers.

6 0

3 years ago

A company's current assets are $30000 and current liabilities are $19000. Calculate the company's current ratio as a percentage.

drek231 [11]

Answer:

Current Ratio (in %) = 157.89473684211% rounded off to 157.89%

The current ratio of 157.89% means that the company has 157.89% of current assets to pay off 100% or all of its current liabilities. To understand it better, we can say that to pay off every $1 of current liability, the company has $1.5789 of current assets. Thus, the company has enough current assets to pay off its current liabilities.

Explanation:

The current ratio is a measure of liquidity of a business. It is calculated by dividing the current assets by the current liabilities of the company. To express current ratio in a percentage form, we use the following formula,

Current Ratio (in %) = [Current Assets / Current Liabilities] * 100

Current Ratio (in %) = [30000 / 19000] * 100

Current Ratio (in %) = 157.89473684211% rounded off to 157.89%

5 0

3 years ago

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