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3 years ago

What is down payment with regarding to buying a house?

1 answer:

5 0

The down payment is an initial payment made when something is bought on credit. It usually depends on the type of house or any other form of object

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Jamarcus, a full-time student, earned $3,700 this year from a summer job. He had no other income this year and will have zero fe

eimsori [14]

Answer:

C. Jamarcus is not required to file an income tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer. However, he should file a taxreturn to receive a refund of the $481 previously withheld.

Explanation:

since Jamarcus income is %3700 and is below the gross income threshold for a single taxpayer so he should file a tax return to receive a refund of $481.

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3 years ago

Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. Pluto Co

taurus [48]

Answer:

a. $8,000 gain

Explanation:

The face value of the bonds purchased by Pluto Corporation are $120,000. The bonds are purchased at discount of $1,980. The bonds have carrying value of $126,019 at the time of purchase. The net gain or loss is calculated by the difference between two values.

$120,000 - $126,019 - $6,019

The discount amount of the bond was $1,980.

Total gain on the bonds approximately ($6,019 + $1,980) = $8,000

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2 years ago

In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of

Amanda [17]

Answer:

what amount should Dart report as total revenues?

B. $250,000

Explanation:

The option B is the answer because the others option are not part of revenues during the year to the single step income.

The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.

Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.

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2 years ago

What are four positive aspects of franchising for a business start-up? Why are they important ? .

wel

The primary advantages for most companies entering the realm of franchising are capital, speed of growth, motivated management, and risk reduction

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3 years ago

What are examples of the substitution effect and/or real-income effect?

Arlecino [84]

The options available are:

A. After subscription prices in the cable TV market fall, customers also purchase higher-speed Internet service.

B. Julie usually buys generic cereal because it is cheaper. One day she notices one of the brand-name products falls in price, so she decides to buy it.

C. Movie ticket prices plummet to $1, so you cancel your Netflix subscription in favor of attending movies at the theater. In addition, the cheap tickets leave you with extra money for concessions.

D. Kyle notices the cost of premium peanut butter has fallen. He considers this and then purchases less bread.

Answer:

The answers are A, B, and C

Explanation:

The options available are:

Option A. "After subscription prices in the cable TV market fall, customers also purchase higher-speed Internet service" is a perfect example of the real income effect.

Option B. "Julie usually buys generic cereal because it is cheaper. One day she notices one of the brand-name products falls in price, so she decides to buy it," is an example of the substitution effect.

While Option C. "Movie ticket prices plummet to $1, so you cancel your Netflix subscription in favor of attending movies at the theater. In addition, the cheap tickets leave you with extra money for concessions, " is an example of both the substitution and real-income effects

However, option D example "Kyle notices the cost of premium peanut butter has fallen. He considers this and then purchases less bread, " does not fit any of the substitution and real-income effects.

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3 years ago