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Soloha48 [4]
2 years ago
10

Which of these describes the costs and benefits of getting a mortgage?

Business
1 answer:
lianna [129]2 years ago
6 0

Answer:

B

Explanation:

Mortgages prevent government regulation of property but involve higher taxes

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Deere company holds a​ $10,000 note receivable dated july​ 1, 2015, with​ 10% interest. what adjusting entry is needed on decemb
Ket [755]
<span>b. debit interest receivable for​ $500 and credit interest revenue for​ $500
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7 0
3 years ago
Grape Corporation purchased a machine in December of the current year. This was the only asset purchased during the current year
Elden [556K]

Answer:

d. In the following year using a half-year convention

Explanation:

Since the mechine will only be in service in January of the following year, The corporation cost recovery should begin in the following year using a half year convention.

6 0
3 years ago
Mr Coffey bought a house for 195,000 he made a 20% down payment the interest rate is 5.25% for 30 years
Jobisdone [24]

$39000

DOWN PAYMENT MEANS THE AMOUNT YOU PAY PAY AT THE TIME OF THE DEAL OF PURCHASING THE HOUSE.THERE IS USUALLY A PERCENTAGE OF THE TOTAL AMOUNT AND IS PAID IN A LUMP SUM.

20& OF THE COST OF HOUSE OUT HERE

I.E. 20% OF $195000

= 0.2 * 195000

=$39000

6 0
3 years ago
A loss contingency can be accrued when it is certain that funds are available to settle the disputed amount. the amount of the l
BlackZzzverrR [31]

Answer: The amount of the loss can be reasonably estimated and it is probable that an asset has been impaired or a liability has been incurred.

Explanation:

A loss contingent is an expense that is based on a future event for instance, if the company loses a law suit and would have to pay settlement costs.

Loss contingents are only permitted to be accrued if the probability that they will happen is likely and even at that, the amount of loss needs to be capable of being reasonably estimated. This way, a proper estimate can be made that will represent the situation adequately.

5 0
3 years ago
A vision states what a firm wants to accomplish; a mission states how a firm plans to accomplish this vision. A vision states th
Tju [1.3M]

Answer:

<u>A vision states what a firm wants to accomplish; a mission states how a firm plans to accomplish this vision.</u>

Explanation:

Defining a company's vision and mission is extremely important for its strategic planning, as its premises will serve as a guide to assist managers in the decision-making process.

The mission corresponds to the company's raison d'être, the reason for its existence and what its purpose is. The vision corresponds to the aspirations, objectives and goals that the company intends to achieve in the future. So it is correct to say that A vision affirms what a company wants to accomplish; a mission states how a company plans to realize that vision.

5 0
3 years ago
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