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Scrat [10]
3 years ago
11

In the current year, Marnie rented her vacation home for 75 days, used it for personal reasons for 22 days, and left it vacant f

or the remainder of the year. Her income and expenses are as follows: Rental income $ 18,000 Property taxes 2,500 Mortgage interest 3,500 Utilities 1,100 Repairs and maintenance 1,000 Depreciation 5,200 What is Marnie's net income or loss from the activity
Business
1 answer:
Dimas [21]3 years ago
3 0

Answer: $11123

Explanation:

Based on the information given, Marnie's net income or loss from the activity will be calculated thus:

Rental income = $18000

Less: Property tax = $2500 × 75/365 = $514

Less: Mortgage interest = $3500 × 75/365 = $719

Less: Utilities = $1100 × 75/97 = $851

Less: Repairs and Maintenance = $1000 × 75/97 = $773

Less: Depreciation = $5200 × 75/97 = $4021

Net income = $11,123

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On September 1, Year 1, Great Lakes Equipment receives $24,000 from a customer for work to be performed evenly over the next 2 y
posledela

Answer:

Great Lakes should recognize on the income statement for the year ending December Year 1 $4,000

Explanation:

The income statement only recognize the amount of money that was generated during the period of the income statement.

If the company invoiced by month, it only recognize the total amount for the last four months of the year.  

7 0
3 years ago
a secured party who has control will prevail over a secured party who has only filed for these types of collateral:
marshall27 [118]

Deposit accounts, Investment Property, and Letter-of-credit Rights. Thus option (A) is correct

<h3>What is the investment?</h3>

Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.

Whether or not there is a current obligation to be secured, a person who has the benefit of the security interest generated by or provided for under a security arrangement is known as a secured party under UCC law. when the secured party is in possession, a duty of care.] A secured party must take reasonable care to keep the collateral it has in its possession safe unless subsection (d) provides otherwise.

Therefore, Thus option(A) is correct

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5 0
1 year ago
In the study conducted by thomas &amp; chess in 1980 categorizing attachment, what percentage of babies were roughly categorized
belka [17]

40%

An easy baby and a tough baby vary primarily in that the former has more periodic bodily processes and more positive responses to stimuli, whilst the latter has fewer normal body processes and more negative responses.

Every parent wishes their children were simple. Parents with challenging infants may harbour envy for those of peaceful infants. However, studies suggest that having kids with a challenging temperament is not always a bad thing. This article will define temperament, examine the three varieties of temperament, and instruct you on how to handle a challenging infant.

Each kid is unique from birth despite since they are reared in the same home, as parents of several children are already aware. New-borns display various ways of responding to their surroundings right away.

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5 0
1 year ago
Power distance refers to the extent of the gap between
iogann1982 [59]

Answer:

Option "D" is the correct answer to the following question.

Explanation:

Power distance is a type of inter-boundary that is found in different individuals within the same society. Power distance is not found to be appropriately distributed in the society, it is usually the thinking of lower ranks.

The more complexities in a culture, the more the difference between individuals will increase.  

But in the modern era, people from different cultures are working together, due to which people of lower rank are also encouraged to move forward.

4 0
3 years ago
Leading others in cross-cultural situations is complicated. Which of the following is NOT one of the many reasons why such situa
Anastasy [175]

Leading others in cross-cultural situations is complicated. Styles of dress​ are NOT one of the many reasons why such situations can be complicated.

Cross-cultural communication is the practice of identifying both cultural groups' differences and commonalities in order to interact successfully within a particular situation.

You'll be able to express yourself with confidence and learn how to be patient with others who don't share your background if you develop cross-cultural communication skills. Additionally, it will provide you with a wonderful chance to interact with students from other countries and talk about your differences.

Learning the fundamentals of this sort of communication is the first step in overcoming obstacles and preventing misunderstandings in cross-cultural communication. These are openness, awareness, readiness, language, and humour.

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7 0
2 years ago
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