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melamori03 [73]
3 years ago
11

Define mortgage economics.​

Business
1 answer:
DedPeter [7]3 years ago
7 0

Answer:

Hello There!!

Explanation:

It is a type of loan that's used to finance property.It is an agrement between the person that borrows it and the person that lends it

hope this helps,have a great day!!

~Pinky~

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In a certain city last year, sales of treadmills were 50,000 units. Exercise Unlimited had a market share of 75 percent, followe
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<u>Answer:</u>

<em>Rico sporting goods sold 8500 treadmills last year. </em>

<u>Explanation:</u>

If total sales of treadmills were 50,000 then the 3 major companies hold the market share with different rates. The Rico sporting goods market share is 17% which means last year it sold 17% of total sales. Therefore 50,000 \times 17% =8500.

Hence, The Rico sporting goods share in the total sales is 8500. Therefore, it can be said that the sales of last year of each company is 37,500  8500  and 4000 respectively.

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3 years ago
After the accounts have been adjusted at November 30, the end of the fiscal year, the following balances were taken from the led
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Answer:

Nov-30

Dr Fees Earned $1,150,000

Cr Wages Expenses $613,750

Cr Rent Expenses $120,000

Cr Supplies expense $9,150

Cr Miscellaneous expenses $11,000

Cr Retained earnings $396,100

Nov-30

Dr Retained Earnings $25,000

Cr Dividends $25,000

Explanation:

Preparation of the two journal entries required to close the accounts.

Nov-30

Dr Fees Earned $1,150,000

Cr Wages Expenses $613,750

Cr Rent Expenses $120,000

Cr Supplies expense $9,150

Cr Miscellaneous expenses $11,000

Cr Retained earnings $396,100

[1150000-613750-120000-9150-11000]

(To close revenues and expenses)

Nov-30

Dr Retained Earnings $25,000

Cr Dividends $25,000

(To close Dividend)

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3 years ago
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Answer: hello your question is incomplete attached below is the missing data. ( first image )

answer:

Attached below

Explanation:

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attached below is the required schedule ( second Image )

B) Company's income statement

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