Real estate experts should not provide advice
on tax implications. this is because to offer such an advice the expert need training and knowlidge on state and federal tax laws. Tax laws are complex and varies from state to state which requires a considerable high level training. ina ddition, the laws keep on changing as new budgets are read,and the expert may not be conversant with any change.
Answer:
61,198.47
Explanation:
First we solve for the present value of the note receivables at January 1st, 2021 As we are asked for the interest revenue on the 2021 incoem statment
Maturity $750,000.00
time 2.00
rate 0.10000
PV 619,834.7107
now, we calcualte the interest considering the 10% implicit interest
619,834.7107 x 0.10 = 61,198.47
This will be the interest revenu for the year 2021
Answer: a. Boot camp is the military's version of employee orientation.
Explanation:
To become an employee in a company, it is standard practice for the employer to give the employee an orientation so that they may be able to perform better at their jobs because they would know what is expected of them and how to go about achieving this.
This is the same for the military. When they send recruits to boot camps, they are doing their version of employee orientation because the recruit will learn what Uncle Sam expects from them and how they are to accomplish these tasks.
Answer:
C) By lowering the price of the flower arrangements to increase demand.
Explanation:
According to the law of demand, the lower the prices, the higher the quantity demanded and the higher the price ,the lower the quantity demanded.
When prices are reduced, demand increases, revenue increases and net profit increases.
I hope my answer helps you.
Answer:
d) credit to Paid-in Capital from Treasury Stock for $30,000
Explanation:
The entry for profit in sale of treasury stock is as computed below
Account Details Debit Credit
Cash (5000*20) $100,000
To treasury stock (5000*14) $70,000
To Additional paid in capital (5000*6) $30,000
