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Umnica [9.8K]
3 years ago
8

Mort Silver owns a home. He estimates his expenses as mortgage interest, $10,180; property taxes, $3,690; insurance, $833; depre

ciation, $3,800; maintenance and repairs, $900; lost interest income, $2,375; and utilities, $2,450. He expects to save $3,700 in income taxes. What is his net cost of home ownership?
Business
1 answer:
konstantin123 [22]3 years ago
8 0

Answer:

$17,528.00

Explanation:

The net cost of home-ownership will be the expenses minus savings.

Mortgage interests: $10,180

Property taxes :$3,690

Insurance :$833

Depreciation :$800

Maintenance and repairs :$900

Loss interest income :$2,375

Utilities: $2,450

The total expenses

= $10,180 + $3,690 + $833 + $800 + $900 + $2,375 + $2,450

=$21,228

Savings

=$21,228 - $3,700

=$17,528.00

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Answer:

cannibalization

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Cannibalization of products refers to a situation where one product of the same company will "eat" (reduce) the sales of another product or products of the same company.

For example, Coke Zero cannibalized the sales of Diet Coke and regular Coke.

3 0
4 years ago
The financial statements of Simon Co. include the following items (amounts in thousands): Income Statement For the Year Ended De
vovangra [49]

Answer:

(a) Net cash flow provided by operations for Simon Co. for the year ended December 31, 2020 is $1,580.

(b) The correct answer is Option A.

Explanation:

(a) Preparation of statement of cash flows extract

Simon Co.

Statement of Cash Flows (extract) for the Year Ended December 31, 2020

Net income                                                                 $840

Add: Depreciation and amortization expense           640

        Decrease in Accounts receivable                        90

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Less: Increase in Inventory                                           40

         Decrease in Accounts payable                           20

Net cash flows from operating activities            $1,580

(b) The difference is mainly from timing and recognition. The cash flows from operations is a valuable tool used by investors to evaluate a company's financial strength. This section of the cash flows is regarded as the <em>cash version of net income </em>as non-cash items are added back to net income and it also considers changes in working capital, including current assets and current liabilities.

6 0
3 years ago
Which ics functional area arranges for resources and needed services.
sleet_krkn [62]

The ICS functional area that arrange for resources and needed services is known as logistics.

<h3>What is ICS?</h3>

ICS is an acronym for Incident Command System. It is a management system designed to enable effective and efficient domestic incident management.

The five major ICS functional areas are:

  • Command
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  • Planning
  • Logistics
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Hence, Logistics as an ICS functional area is responsible for arranging for resources and needed services to support achievement of the incident objectives.

Learn more about ICS here : brainly.com/question/10695996

3 0
2 years ago
Suppose that when the price of jelly rises by 20%, the quantity of peanut butter demanded at the current price of peanut butter
hodyreva [135]

Answer: 0.2

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Income elasticity of demand refers to the amount that the quantity demanded for a good changes by in response to a change in income.

The formula is therefore:

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3 years ago
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Bess [88]

Answer: The use of promotional signage

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