Answer: Expectations of loyalty and integrity
Explanation:
A Code of Ethics is a guide of principles designed to help professionals manage their businesses.
Answer:
c. $50,400
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $480,000 × 10.5%
= $50,400
hence, the interest expense is $50,400
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
<em>c. gross rent multiplier approach
</em>
Explanation:
Gross Rent Multiplier (GRM) is the cost ratio of an investment in immovable property to its annual rental income before paying for costs such as property taxes, insurance and utilities. It is the number of years that the estate will take to pay itself in gross rent.
<em>Simply multiply the Gross Rent Multiplier (GRM) by the gross rents of the property to calculate the value of a commercial property using the Gross Rent Multiplier valuation approach.</em>
Divide the selling price or value of an estate by the gross rents of the land of the subject to determine the Gross Rent Multiplier.
Answer:
$432,000
Explanation:
The computation of the actual return on the plan assets for the year 2017 is shown below:
Fair Value of plan as Dec 31,2017 $2,559,000
Less:
Fair Value of plan as Jan 1 , 2017 (-$2,177,000)
Increase in fair value $382,000
Less:-Contributions to the plan -$309,000
Add: Benefits to paid to retiree $359,000
Actual return on plan assets for 2017 $432,000
Answer:
<u>income statement using an absorption income statement format.</u>
Sales ( 480 × $1,960) 940,800
Less Cost of Sales ( 480×$1,350) (648,000)
Gross Profit 292,800
Less Operating Expenses
Variable selling and administrative expenses (480×$40) (19,200)
Fixed selling and administrative expenses $225,000 (225,000)
Interest Expense ($12,000)
Net Income $36,600
Explanation:
Absorption Costing Considers BOTH variable and fixed costs in product cost.Non-Manufacturing are treated as period costs.
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