Answer:
$289000
Explanation:
Effective Gross Income (EGI): Effective Gross Income is calculated by deducting the Vacancy and collection (V&C) loss from Gross Potential Income (GPI).
First year gross potential income (PGI) is $340,000
Vacancy and collection (V&C) loss is 15% of gross potential income
Therefore, (V&C) allowance = [$340,000 15%]
= $51,000
Calculate Effective Gross Income (EGI) for the first year of operations:
Item
Amount
Potential gross income (PGI)
$340,000
Less: V&C allowance (at 15% of PGI)
($51,000)
Effective Gross Income ( EGI )
$289,000
Hence the EGI is $289,000
Answer:
$28,000
Explanation:
Data provided in the question:
Cost of the building purchased = $140,000
Estimated salvage value = $8,000
Expected useful life = ten years
Now,
Annual rate of depreciation using the double-declining-balance method
= 2 × [ 100% ÷ (Useful life )]
= 2 × [ 100% ÷ 10 ]
= 2 × 10%
= 20% or 0.20
Therefore,
Depreciation expense for 20X1 = Cost of building × Rate of depreciation
= $140,000 × 0.20
= $28,000
Answer:
0.343
Explanation:
Given that,
Percent of CFA candidates have a degree in economics, p = 30% = 0.3
Random sample of CFA candidates, n = 3
Here, we are using the binomial distribution.
Let X be the number of CFA candidates having economics degree.
Probability that none of them has a degree in economics, P(X = 0) :
=
=
=
= 0.343
Therefore, the probability that none of them has a degree in economics is 0.343.
A project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.
<h3>What is issue log?</h3>
This is a register that contains all happening around a project.
Negative issues that affects that project is also recorded for reviews and furthermore deliberation.
Therefore,
Aproject has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.
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Answer:
ethical
Explanation:
Corporate social responsibility (CSR) can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc.
According to Carroll, the four (4) main levels of an organization's pyramid of corporate social responsibility are;
I. Legal
II. Economic.
III. Philanthropic.
IV. Ethical.
In this scenario, Whole Life Spa uses only organic products that are mainly considered to be environmentally friendly. Thus, Whole Life Spa is operating at the ethical level of the pyramid of corporate social responsibility because it involves doing or performing actions that are considered to be morally right.