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Sergio039 [100]
3 years ago
14

A property has a first mortgage of $200,000, a second mortgage of $50,000, and a third mortgage of $20,000. It is foreclosed and

sold for $245,000. The holder of the third mortgage gets $________ and the holder of the second mortgage receives
Business
1 answer:
Papessa [141]3 years ago
4 0
234 with twelve chickens in a row of the other one
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In a free-market system, producers are most strongly driven by which of the
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Answer:

The correct answer is (B)

Explanation:

Producers are influenced by the benefits and profits they hope to pick up from the products or administrations in a free market economy. The idea of producers is to create goods and services and sell them at maximum profits because they feel consumer will buy their products because they need them. A profit motive is generally beneficial to the overall economy of the country. It is expected to give a motivating force to create productivity and development.

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3 years ago
A business's source documents:_____.A. Must be in electronic form. B. Include the ledger. C. Provide objective evidence that a t
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C. Provide objective evidence that a transaction has taken place.

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3 years ago
When union representatives negotiate with employers for better wages and working conditions, they are involved in __________?
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They are in a labor union
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3 years ago
In October of the current year, Jasmine received a $15,520 payment from a client for 32 months of rent. The rental period begins
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Answer:

Jasmine recognize $1,940 this year if she uses the accrual method of accounting.

Explanation:

The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.

The entry to record the receipt of payment is :

Cash $15,520 (debit)

Unearned Rental Income $15,520 (credit)

By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :

Unearned Rental Income $1,940 (debit)

Rental Income $1,940 (credit)

Rental Income calculation = $15,520 × 4 / 32

                                           = $1,940

5 0
3 years ago
Which element of the marketing mix is most relevant to the activity "creating value"? select one:
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The answer is "price".

The marketing mix alludes to the arrangement of activities, or strategies, that an organization uses to advance its image or item in the market.There are 4 p's included in the marketing mix, that are; promotion (communicating value), product (creating value), price (capturing value), and place (delivering value).
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