Answer:
d. $4,800,000
Explanation:
Gross Rent Multiplier (GRM) = Property Value / Annual Gross Rents
Annual Gross Rents X Gross Rent Multiplier (GRM) = Property Value
So, According to given formula
Gross Rent = $600,000
Gross Rent Multiplier (GRM) = 8
Building Value = Gross Rents X Gross Rent Multiplier (GRM)
Building Value = $600,000 X 8
Building Value = $4,800,000
Answer:
Profit= $106,682.52
Explanation:
Giving the following information:
Unitary Variable costs:
Direct material= 3,200
Direct labor= $2,300 ($15 per hour)= 153.33 hours
Manufacturing overhead is applied at $18 per direct labor hour.
Units sold= 42
Selling price= $10,800
Profit= Total sales - total variable cost
Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52
Answer: Retained Earnings
Explanation
The profit for the year less the dividends paid, is finally adjusted in the balance sheet under the name Retained earnings. This means that the retained profits increases the equity by the amount retained.
Hi there.
I recently learned in Social Studies that services are usually intangible services. They have value, but you cannot physically touch them.
I'm also using the process of elimination. With that, I give you my best guess:
A. Because it provides support but no tangible goods.
Hope this works out for ya!
