nikolaos is an ordained minister. he moved to indianapolis and lives in the nearby furnished parsonage, which is 1,500 square feet. his previous role was in washington, d.c.; the fair rental value (frv) of his parsonage (1,800 square feet) in washington was $18,000/year. how should he determine frv for the indianapolis parsonage?
Answers
Option D. The way that Nikolaos would be able to determine for the parsonage of the Indianapolis would be: Consult an Indianapolis realtor for a documented quote with comparable listings for the house.
What is meant by parsonage?Old French personage and medieval Latin personagium, both of which imply "home for a person," are the origins of the word "parsonage." A house in the early church was frequently not much more than a priest's place to sleep.
A clergy house is where one or more priests or other religious leaders currently live or previously lived. Such homes may be referred to as manse, parsonage, rectory, or vicarage, among other names.
A recent sale of a property in your neighborhood that is comparable to yours in terms of location, size, condition, and features is known as a "comp," short for "comparable sale."
Comparable (similar) homes have to have equivalent market values, and thus comparable assessed values. Comparing the assessment of your home to the assessments of other comparable homes is one approach to determine whether it has been done fairly or uniformly.
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Nikolaos is an ordained minister. He moved to Indianapolis and lives in the nearby furnished parsonage, which is 1,500 square feet. His previous role was in Washington, D.C.; the fair rental value (FRV) of his parsonage (1,800 square feet) in Washington was $18,000/year.
How should he determine FRV for the Indianapolis parsonage?
Use the same FRV as the Washington, D.C. parsonage.
Reduce the Washington FRV by the size ratio of the new parsonage to the Washington home.
Estimate FRV based on other properties available in the area.
Consult an Indianapolis realtor for a documented quote with comparable listings for the house.
Related Questions
how do you write 4.3756*10 to the power of 4
Answers
Answer:
=43,756
From online sources the full question should be:
How do you write 4.3756*10 to the power of 4 in standard form:
Multiple-choice options:
a) 437,560,000 b) 43, 756 c). 0.00043756 d). 4,3756
Explanation:
4.3756 *10 to the power 4
=4.3756 x10^4
=4.3756 x 10,000
=43,756
Which Annotation tool provides the ability to convert the mouse icon when giving a presentation to better focus the
audience attention?
Arrow
O Ink Color
O Eraser
O Laser Pointer
Answers
Answer: I think it’s laser pointer. I’m taking the test right now.
Explanation:
Answer:
It's D laser pointer
Explanation:
A LOT OF POINTS PLEASE HELP
1. Why is gathering information the first step in managing personal finances? Why is it important to have accurate information about your personal finances? How might this impact processes like applying for a loan?
2. Imagine that you are going off to college and need to open a bank account. What kind would you use and why? Then imagine yourself several decades later, after you have worked for years and saved some money. What kind of accounts will you need then and why? What are the disadvantages of some of the choices?
3. You have just received your bank statement, which shows that you have a balance of $562.73. However, you wrote your cousin a check for $150, and she has not cashed it yet. Your paycheck, which was direct deposited in your account after the statement, was $893.86. You also wrote a check for your rent that was $400 and spent $73.26 on groceries this morning. What do you need to do to reconcile your account and what total will you get when you do?
4. How does earned income, like wages, differ from unearned income, like interest or rental income? How would you pay taxes on these different types of income?
5. Why is it important for individuals to correctly calculate their tax liability? Explain what a tax liability is and how it is calculated in your answer.
Answers
With regard to managing personal finances,
Gathering financial information allows for informed decision-making.Checking accounts may be good for college; other accounts needed later.Update records and calculate new balance to reconcile account.Earned income is from work, unearned from other sources.Correctly calculating tax liability avoids penalties and fines.What is the rationale for the above response?1) Gathering information is the first stage in personal finance management since it helps you to understand your financial condition and make educated financial decisions. It is critical to have correct information about your personal finances since it might affect procedures such as loan applications, which normally involve evidence of your income, spending, and assets.
2) When leaving for college, a checking account may be an excellent choice because it allows you to readily access your money and make purchases with checks or a debit card. After working and saving for several decades, you need a savings account or a retirement account.
Some account types may have fees or restrictions on how frequently you may access your money.
3) To reconcile your account, update your records and calculate your new balance by subtracting written checks and adding deposits not yet reflected.
4) It is to be noted that earned income is from work and unearned income is from other sources. Taxes on earned income are usually withheld, while taxes on unearned income may be quarterly or yearly.
5) Also note that calculating tax liability correctly avoids penalties and is important. It is calculated by applying tax rate to taxable income after deductions and exemptions.
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What does it mean to investors when a bond reaches full maturity?
a) the investor has waited for the 50 year mandatory holding period.
b) the investor owes the payment in full to the financial institution.
c) the investor can sell it on the open market and earn the value on that day.
d) the investor is owed the principle and the interest earned on the
investment.
Answers
For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answers
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
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An increase in demand means that quantity demanded is higher at each price level. True or false
Answers
Answer:True
Explanation:
what are causes of the costs estimated included during a risk analysis? more than one answer may be correct.
Answers
Effective risk analysis involves identifying and analyzing potential risks, estimating their impact on the project, and developing strategies to mitigate them while accounting for any associated costs.
The causes of the costs estimated during a risk analysis can include the following factors:
1. Direct costs: These are the expenses directly associated with a specific risk event, such as the cost of repairing damage or replacing assets.
2. Indirect costs: These are the additional costs that may arise due to a risk event, such as lost productivity, decreased employee morale, or reputational damage.
3. Contingency reserves: These are funds set aside to cover unexpected costs that may result from a risk event, helping to mitigate potential financial impacts.
4. Risk mitigation strategies: Implementing risk mitigation strategies can also contribute to the overall estimated costs during a risk analysis. These strategies might include risk avoidance, reduction, transfer, or acceptance, each with its own associated costs.
5. Probability of occurrence: The likelihood of a risk event occurring can influence the estimated costs, as risks with higher probabilities may require more resources to manage effectively.
6. Severity of impact: The potential consequences of a risk event can impact the estimated costs, as risks with more severe outcomes may demand greater resources to address.
7. Time and effort required for response: The estimated costs may also include the time and effort needed to respond to and recover from a risk event, such as training, additional staff, or external consulting services.
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Question 5 a company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.
Answers
False. A company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.
What is the share step of data analysis?The sharing of your data results is the fifth phase. This is possible with the use of visualization since putting data into an image can make the analysis easier for people to understand. You'll consider using several graphs and plots to more rapidly communicate your conclusions.
Ask, prepare, process, analyze, share, and act are the six phases or steps of data analysis, according to Go.ogle.
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A company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.
T / F
For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided.
Congress passes a sweeping health care reform bill that provides free medical insurance for all Americans. Once the President signs it into law, the government will provide every American with a policy that will pay up to 80% of every medical bill a patient incurs. This change does not impact consumer income.
Answers
Explanation:
The passage of the health care reform bill would shift the aggregate demand (AD) curve to the right in the short run. This is because with the new policy, people would be able to afford more health care services, leading to an increase in the quantity of goods and services demanded at every price level. This would result in an increase in both output and the price level in the short run.
On the other hand, the aggregate supply (AS) curve would remain unchanged since the bill does not affect the costs of production or the available inputs.
Overall, the short-run impact of the health care reform bill would be an increase in output and a higher price level.
After reading through these pages and completing some of the activities, do you believe the decision to start a new business is a good one or would you advise that person to continue looking for employment? What are your reasons for coming to this conclusion?
Answers
Incomplete question. I answered from a general perspective.
Answer:
Yes, if circumstances allow
Explanation:
While it may be best for someone to start a new business rather than go on looking for employment, it is also not always going to be the best option for some other person.
However, here are some advantages/benefits of starting a new business instead;
Become your own boss. By so doing you become self-employed; having the ability to control how to run your business. Gives you the privilege of earning additional personal income.Work flexible hours.the proposes that tariffs be imposed on imported manufactured goods to give u.s. firms temporary protection from foreign competition until they can fully establish themselves.
Answers
The infant industry argument proposes that tariffs be imposed on imported manufactured goods to give u.s. firms temporary protection from foreign competition until they can fully establish themselves.
What are imported goods?Imported goods are goods that are purchased from foreign countries with the objective of selling in the home country due to a lack of ability to produce goods due to a lack of resources.
The infant industry argument proposes that tariffs which include tax duty applicable on imported goods help to provide protection from the competition to make established completely in the foreign countries.
Therefore, option B is appropriate.
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The complete question is Probably
6) The ________ proposes that tariffs be imposed on imported manufactured goods to give U.S. firms temporary protection from foreign competition until they can fully establish themselves.
A) national defense argument
B) infant industry argument
C) industrial policy
D) strategic trade theory
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Owen wants to start a tutoring business. He has a space rented and a lot of ideas, but he has no employees who can tutor the students. Which category of economic resource does he require?
labor
entrepreneurial ability
land
Answers
Answer:
entrepreneurial ability
Sorry, no one answered your question sooner, hope that helps.
labor <><><><><><><><><><><><>
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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I have to do question A and C for TODAY
someone help me urgent please !!!!
Answers
(A) (1) The Four enterprising characteristics/skills displayed by Emer:
InnovationRisk-takingVisionaryEntrepreneurial thinking(ii) Two methods of encouraging intrapreneurship within the business:
Employee empowerment: Allowing employees to have a say in the decision-making process, delegating tasks and responsibilities, and providing them with the necessary resources to implement their ideas can encourage intrapreneurship.Recognition and reward: Recognizing and rewarding employees for their contributions to the business can encourage them to be more innovative and to take initiative in finding new opportunities for the business.(B) Obligations of Emer as business owner to the various stakeholders in the enterprise:
Customers: Emer has an obligation to provide a quality product and service to her customers. She is also responsible for ensuring that the restaurant is safe and hygienic for her customers.Employees: Emer is responsible for providing her employees with good rates of pay and conditions of work. She also has an obligation to provide her employees with training and development opportunities.Suppliers: Emer has an obligation to source produce from reputable suppliers and to pay her bills in a timely manner.Community: Emer has an obligation to be a responsible member of the community in which her business operates. This includes being a good neighbor and being environmentally friendly.Shareholders: Emer has an obligation to maximize shareholder value and to report financial performance honestly.(C) Evaluation of John Doyle's management skills:
Leadership: John is a great team leader and team builder. He leads by example and is able to delegate work effectively to his employees.Problem-solving: John is able to effectively handle any problems that arise with either staff or customers. He is able to sort out issues quietly and efficiently.Communication: John is able to communicate effectively with his staff and customers. He encourages the employees, through fortnightly meetings, to suggest improvements for the business.Motivation: John is able to motivate his staff and build a loyal team. Many staff members have been promoted to positions of responsibility in the business.What are the characteristics about?Innovation: Emer is constantly trying to improve the restaurant's image, profitability, and range of services that it offers. She and John actively encourage the restaurant's employees to suggest improvements for the business and many ideas have been introduced, such as extending the opening hours to include breakfast and catering for outside parties and special events through the online business.
Risk-taking: Emer invested her savings and took out a long-term loan to purchase a restaurant on the south side of Dublin. She was willing to take the risk of starting her own business and has successfully built a profitable enterprise.
Visionary: Emer recognizes the importance of having a loyal customer base for the long-term success of the business. She is constantly striving to improve the restaurant's image, profitability and the range of services that it offers.
Entrepreneurial thinking: Emer is constantly looking for new opportunities and ways to improve her business. She sees the value of her employees' ideas and actively encourages them to suggest improvements for the business.
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Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Answers
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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Which example best shows a safety issue related to a large manufacturing business?
Question 13 options:
The machines at the business are found to waste energy and cause excess costs.
Broken machinery and flammable chemical containers are left sitting in the parking lot.
Poverty has forced the neighborhood surrounding a business to become deserted.
The flu season has caused a high rate of absent employees at the business.
Answers
The example that best shows safety issue is B. Broken machinery and flammable chemical containers are left sitting in the parking lot.
How is this a safety issue ?Improperly repaired or unremoved broken machinery poses a significant risk of potential accidents and injuries to workers. Also, maintaining flammable chemical containers in the parking lot can trigger explosive or harmful situations where chemicals may leak or ignite.
This, in turn, could lead to unfavorable outcomes by endangering the employees, visitors, as well as the surrounding environment. However, other available options unrelated to security might pertain to cost reduction measures for energy conservation purposes aimed at achieving financial and environmental benefits.
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If the natural rate of unemployment was 5 percent, the current unemployment rate was 6 percent, and potential GDP was $4,000 billion, then according to Okun's law the economy would have sacrificed
Answers
Answer:
$80 billion
Explanation:
Okun law equation: GDP gap = Actual GDP * ((Unemployment rate - Natural rate)/100)*2)
GDP gap = $4,000 * ((6-5)/100*2)
GDP gap = $4,000 * 0.02
GDP gap = $80 billion
Therefore, $80 billion in an output level thus, would be what the economy would have sacrificed.
why cant i work when im 13?
Answers
Answer:
Because you're not "old enough" to work, it's like you're still seen as a kid but its different for other countries and states.
Explanation:
DUE TO UNFORTUNATE REASONS YOU CAN NOT bcuz of an age limit. Lifes cruel young blood. The world doesnt want you to advance in life, to strive and prosper. keep living homie :(
After which problem-solving stage should you take action? A. defining the problem B. evaluating information C. gathering information D. making a choice
Answers
Answer:
Evaluate your decision
Explanation: correct mark brainlest plz. and thanks also []L7[]
Answer:
making a choice
Explanation:
_____ and _____________ are critical, and needs to be built into the overall process of relationship
Answers
Answer: The options related to your question is missing hence i will provide you with a general answer on process of relationship
answer : wholehearted love and Decision are critical
Explanation:
The overall process of any kind of relationship passes through five specific stages and each relationship passes through these stages repeatedly . the stages are ; The merge stage , doubt stage , disillusionment , decision and love ( whole hearted )
do females like when being proposed? or which way? to make it official.
Answers
Answer:
yes few like few not .
sometimes it's even worst
What are the most helpful qualifications for Health Informatics careers? Check all that apply.
laboratory skills
leadership
computer skills
organizational skills
teamwork
creativity
Answers
Answer:
he is right
Explanation:
The most helpful qualifications for Health Informatics careers include computer skills and organizational skills. Therefore, options C and D are correct.
Computer skills are a key qualification in Health Informatics careers as they involve working with various software applications and systems used in healthcare data management and analysis.
Proficiency in computer skills allows professionals to effectively navigate electronic health records, data analytics tools, and health information systems.
It involves knowledge of database management, programming languages, data visualization, and understanding the technical aspects of healthcare IT infrastructure.
Possessing strong computer skills enables Health Informatics professionals to efficiently process, analyze, and interpret healthcare data to support decision-making, improve patient care, and enhance operational efficiency in healthcare organizations.
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Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called
Answers
Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.
Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.
Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.
Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
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according to the etextbook, which supply chain business process is responsible for dealing with issues related to packaging , returns, and product recalls?
Answers
According to the e-textbook, the supply chain business process that is responsible for dealing with issues related to packaging, returns, and product recalls is Reverse Logistics.Reverse logistics is a part of the supply chain process that deals with the handling of products, packages, or materials from the point of consumption.
Reverse logistics is responsible for dealing with issues related to the reverse flow of goods, including returns, refurbishment, repair, recycling, product recalls, and disposal. It is critical in making sure that the company can receive the value of the product back while ensuring the environmental and financial sustainability of the process. I
n short, reverse logistics is responsible for creating a sustainable and efficient way of handling the products that move in the opposite direction of the typical supply chain.
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kim has $24 per week in her entertainment budget. she splits her time between going to the movies and yoga classes. each movie costs $8 while each yoga class costs $3. the total utility from each of these activities is set out in the table below. what is kim's total utility maximizing point?
Answers
Kim's total utility maximising point is 1 movie, 5 yoga classes.
Total utility is the total amount of pleasure or fulfilment a consumer experiences as a result of using a particular good or service. Marginal utility, or the pleasure a consumer has from consuming one more unit of an item or service, is sometimes contrasted with total utility.
Total utility is the total additional or marginal utility that results from each additional unit of consumption. Therefore, the formula
T U = M U or T U = M U 1 + M U 2 + M U 3 +
can be used to compute the total utility.
Total Utility refers to all the benefits a person receives from using goods and services. The utility a person receives by consuming an item in successive units is referred to as marginal utility demonstrates declining returns.
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Match the action needed to increase profits with the reason a business might fail.
Advertising the company to potential customers would match with_____.
a) finances
b) poor management
c) bad location
d) competition
15 POINTS AND BRAINLIEST GOES TO FIRST ANSWER ;)
Answers
Advertising the company to potential customers would match with competition .Thus the correct answer is option D.
What is advertising?The practice and techniques used to draw attention to a product or service are referred to as advertising. Advertising seeks to draw attention to a product or service by putting it in the spotlight. It is typically used to promote a specific product or service, but it has a wide range of applications, the most common being commercial advertising.
Through "branding," which associates a product name or image with certain qualities in the minds of consumers, commercial advertisements frequently seek to increase consumption of their products or services. Direct-response advertising, on the other hand, is intended to elicit an immediate sale.
Therefore, advertising helps to create a image of the company and increase its competitiveness.
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1) What will likely happen to the price of oranges if a drought causes many orange
crops to die out?
Answers
Due to the limited number of orange crops, the price would rise.
What is the market shortage?Sometimes the market is not in equilibrium, meaning that the amount supplied and the amount requested are not equal. Either there is an excess of supply or demand at this time.
When there is excess demand—that is, when the amount wanted exceeds the amount supplied—a market shortage results. Customers won't be able to purchase as much of a product as they would like in this scenario.
Producers will increase both the cost of their goods and the quantity they are ready to supply in response to consumer demand. Some customers will find the price rise to be too much and stop buying the product.
While this is happening, more products will be accessible to fulfill other customers. Equilibrium will eventually be reached.
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Which of the following is NOT a problem with the price ceiling? a. Creates a persistent shortage b. Black markets develop c. Actual consumption decreases d. Disposal problems e. All of the above are problems with price ceilings. If a firm spends $15,000 today on an investment, it will receive paybacks of $10,000 in three years and $20,000 in six years. If the interest rate is 8%, what is the net present value of this investment? Do not round intermediate steps, but round your final answer to the nearest dollar.
Answers
The correct answer is c. Actual consumption decreases. Therefore, based on the given cash flows and interest rate, the investment would result in a net loss.
Price ceilings can lead to various problems, including creating a persistent shortage (a), black markets developing (b), and disposal problems (d). These are commonly associated with price ceilings. However, actual consumption does not necessarily decrease as a direct consequence of price ceilings. In fact, price ceilings may sometimes lead to an increase in consumption, especially if the artificially low price incentivizes higher demand.
Regarding the second question, to calculate the net present value (NPV) of the investment, we need to discount the future cash flows to their present values and subtract the initial investment.
Using the formula for calculating present value (PV):
PV = Cash Flow / (1 + Interest Rate)^n
Where:
Cash Flow = Future cash flow
Interest Rate = Interest rate as a decimal
n = Number of periods
Calculating the present value of the cash flows:
PV1 = $10,000 / (1 + 0.08)^3 ≈ $8,817.43
PV2 = $20,000 / (1 + 0.08)^6 ≈ $14,920.47
Net Present Value (NPV) = PV1 + PV2 - Initial Investment
NPV = $8,817.43 + $14,920.47 - $15,000 = -$262.10
The net present value of this investment is approximately -$262 (rounded to the nearest dollar), indicating a negative NPV. \
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June juniper receives an invoice on june 15 for legal fees from an attorney as a result of stating the business. The invoice is in the amount of $1,200. The attorney has completed the work, but the invoice has not been paid. Record the journal entries associated with this transaction
Answers
The journal entries associated with this transaction would depend on the payment terms of the invoice. If the invoice is due upon receipt, then the journal entry would be a Debit to Accounts Payable for $1,200 and a Credit to Legal Fees for $1,200.
If the invoice is due in 30 days, then the journal entry would be a Debit to Accounts Payable for $1,200 and a Credit to Legal Fees Payable for $1,200.
Accounts Payable is a current liability account that tracks money owed to vendors and suppliers, while Legal Fees Payable is a current liability account that tracks money owed to attorneys for services rendered.
If the invoice has not been paid, then the journal entry would be a Debit to Legal Fees Payable for $1,200 and a Credit to Cash for $1,200 when the invoice is paid.
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Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answers
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.