Based on the projected income from the property, the capitalization rate is the rate of return on an investment property in real estate.
What is good cap rate ?
Investors can use the cap rate to estimate the projected rate of return on a cash-purchased investment property. This approach is separate from the finance strategy. As a result, investors can compare various investment properties using cap rates in a fair and objective manner.
The cap rate is suitable for rental investment property because it depends on net operating income. Sadly, it cannot be applied to other real estate asset classes like fix-and-flip homes or, in some situations, short-term rentals. Future articles will discuss additional cash flow and cash-on-cash return ROI formulae.
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Why should you notify the credit bureaus if you are a victim of identity theft?
A. they can post an identity theft alert on your credit report.
B. they can freeze your accounts to stop the identity theft.
C. they can conduct a criminal investigation into the issue.
D. They can make sure your financial losses are repaid in full.
Answer: A and or B
Explanation: A and or B because they could do both but the first thing they would do is B but depending on the place they could also do D but most likely A and or B.
HandyHardware Store agrees to hire Ilsa for one year at a salary of $500 per week.When Handy cancels the contract, Ilsa spends $100 to obtain a similar job thatpays $450 per week for a year. Ilsa is entitled to recover a. the amount of the wages that Handy promised only. b. the difference between the wages at the two jobs only. c. the difference between the wages a the two jobs plus $100. d. $100 only.
c. The difference in pay between the two jobs plus an additional $100.
The purpose of pay is unclear.Giving money in return for anything is another definition of paying. Pay also refers to an individual's pay or wages. Pay is a verb and a noun that can be used in a wide variety of contexts. Paying a bill or a debt, like your restaurant check or your power bill, is the verb form of the verb settle.
Are we saying pay or pay for?When we refer to anything as "to pay," we indicate that we fork over the cash we owe for prior purchases of products or services. We either pay a bill or an invoice, or we pay a person. When referring to a transaction in which money is given in exchange for an event or product, we use the phrase "to pay for."
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Kesha, a sole proprietor, is engaged in a cash basis service business. In the current year, she incorporates the business to form Kiwi Corporation. She transfers assets with the basis of $500,000 (fair market value of $1.2 million), a bank loan of $450,000 (which Kiwi assumes), and $80,000 in trade payables in return for all of Kiwi’s stock. What are the tax consequences of the incorporation of the business?
Kesha would have a taxable profit of $450,000.
A business is defined as an employer or enterprising entity engaged in business, commercial, or expert activities. Businesses may be for-income entities or non-earnings companies.
Business plays an important position in our lives. First, they devise goods and offerings to satisfy our needs and wants. They also recruit families as exertions and provide them with reimbursement, consisting of wages, salaries, and advantages. For this reason, it turns into a supply in their profits, which can be used to preserve their existence.
The maximum common types of business are sole proprietorship, partnership, company, and corporation.
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The fact that state governments are required to enforce restraining orders placed on stalkers and batterers in other states is a result of the O full faith and credit clause of the Constitution. O Brady Handgun Violence Prevention Act. O Supreme Court's decision in Loving v. Virginia. O supremacy clause of the Constitution.
State governments are obligated to enforce restraining orders against stalkers and batterers in other states due to the Constitution's full faith and credit.
The Brady Handgun Violence Protection Act is a temporary measure that requires licensed individuals to wait five days before transferring a handgun to an unlicensed individual. The Supreme Court's decision in Loving v. Virginia says that the 14th Amendment's Equal Protection and Due Process Clauses will be broken if a law banning interracial marriage is passed. The supreme law of the land serves as the foundation for the supermacy clause in the Constitution.
Every state's public acts, records, and judicial proceedings must be accepted with full faith and credit in every state. Additionally, the manner in which these acts, records, and proceedings will be proven and their consequences may be specified by general laws passed by Congress. U.S. Const. art.
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which of the following would result in a negative change in demand for bus tickets? (choose all that apply)an increase in the number of consumers.
The following would result in a negative change in demand for bus tickets: an increase in the cost of tractors used in corn fields, an expectation among producers that corn won't be very profitable in the near future, and a decrease in the number of corn sellers.
Demand is the amount of a good that buyers are ready and willing to buy at different prices at a particular time. The demand curve is another name for the relationship between price and quantity demand. The price of goods and the quantities produced and consumed are determined by supply and demand.
By making several purchases of a certain commodity or service, customers run the risk of depleting the available supply of that good. The result is a rise in demand. The supply that is readily available declines as demand rises. Several variables affect whether a good's demand rises or falls.
This includes the cost of the product, the perceived quality, the amount spent on advertising, the income and confidence of the consumer, as well as shifts in consumer preferences and fashion.
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three challenges a manager might face in appropriately socializing new employees into an organization culture.
Three challenges a manager might face inappropriately socializing new employees into an organization's culture are:-
Decreased performance levels.
Being understaffed.
Lack of communication.
An employee is a person who gets paid to paintings for a person or company. workers do not need to paintings full time to be considered personnel—they really need to be paid to paintings via a company (the character or commercial enterprise that will pay them).
They may be those who make contributions efficiently toward the successful functioning of an agency. They strive difficult to deliver their degree great and reap the assigned targets inside the stipulated time frame. The employees play an crucial position in figuring out the culture of the administrative center.
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Part E Do you think there should be more than two parties in the US political system, or does the US system work well? Write one paragraph in response to this question. Use your own words, and support your argument with information from the article.
The dominance of principal events within side the US device has a tendency to difficult to understand representativeness of all US citizens. The bipartisan United States version does now no longer paintings well.
The required details for Bipartisanship in given paragraph
In a rustic with massive geographical differences, in which businesses of diverse ethnic businesses live, it'd be logical to expect that a celebration device with handiest events could now no longer fairly replicate the aspirations and issues of the numerous subcultures that flourish there. Therefore, it'd be logical to anticipate that there could be a multiparty device within side the country. But that is truly a case wherein expectancies do now no longer fit reality. Bipartisanship, every so often stated as nonpartisanship, is a political situation, typically within side the context of a -celebration device (specifically the ones of the United States and a few different western countries), wherein opposing political events locate not unusual place floor through compromise.
In multi-partisan electoral structures or in conditions in which more than one events paintings together, it's far called multi partisanship. Partisanship is the antonym, in which an man or woman or political celebration adheres handiest to its pastimes with out compromise.
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Select all that apply. Who may receive a Form 1099-K?
Tina is reimbursed for shared meals with friends and family. Reimbursement was $900.
James and Anna rent a room in their house through Airbnb. They rented for 100 days and received $12,500.
Zadora sells handmade jewelry through Etsy. They sold $1,895 in jewelry.
Roger sold a bike to their neighbor for $50.
Form 1099-K is used to record the transactions of third-party payment network in excess of $900.
What is Form 1099-K?Third party payment network are required to send a form 1099 -K in case they transafers you at least $900 throughout the tax year.
Tina may not receive a Form 1099K as the reimbursement was from her freinds.James & Anna may receive Form 1099-K because their rental income is greater than $900 and Airbnb will issue them a Form 1099-K.Zadora may receive Form 1099-K because his sales revenue is greater than 900$, and ETSY will issue them a Form 1099-K.Roger may not receive a Form 1099-K because the transaction is less than 900$ and he sold his bike to his neighbour.To know more about Form 1099-K, visit:
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In collecting information on a family, you learn that the father has been unemployed for nine months; the mother is struggling with diabetes; and the family does not feel supported in the community. With your knowledge as a social worker, to what might these factors lead?
depression
truancy for children
discrimination
substance abuse
If the mother is struggling with diabetes; and the family does not feel supported in the community. With your knowledge as a social worker, these factors might lead to: A. depression.
What is Depression?Depression can be defined as the way in which a person is often moody or feel sad and this can tend to occur as a result of life experience. A depressed person can begin to disassociated themselves with other in which in turn can have effect on their day to day activities.
Unemployment or Lack of job, struggling with sickness or illness, loneliness among others are some of the factors that can cause depression.
Therefore the correct option is A.
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identify a factor that has led to the elimination of time and distance as barriers to global marketing
Faster transportation has led to the elimination of time and distance as barriers to global marketing .The organization is impacted by the economy in many different ways.
This is more significant when it comes to international marketing because both the domestic and global economies have an impact on the company's bottom line. The economic environment affects the consumer patterns and the distribution channel. The UNO, World Bank, and WTO are three major institutions engaged in this level of global marketing. Some of the criteria include: cost; price elasticity of demand; competition; nature of products or industry; exchange rate fluctuations; distribution system; location of production facility; location and environment of the foreign market.
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a mechanic's lien can be enforced to recover payment from a debtor for labor and materials in the repair of personal property. True/False
False. A mechanic's lien cannot be enforced to recover payment from a debtor
What are lien?
A lien is a claim or legal right made on property that is frequently pledged as security for the repayment of debt. A lien could be created by a creditor or a court order. An underlying commitment, such as the repayment of a debt, is guaranteed by a lien. The asset covered by the lien may be taken by the creditor if the underlying debt is not paid in full. Liens are used to secure assets in a variety of ways. A lien is a right or claim made against property that is typically used as collateral to pay off debts. The asset that is the subject of the lien may be taken by the creditor.
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one has to ask oneself how you know that youve discovered something that distingues the successful compaines from other companies
It is the same as you run the risk of falling into the same trap as saying that having buildings is the management practice equivalent of having a building.
What is management?The administration and coordination of tasks to accomplish a goal is management. Setting the organization's strategy and organizing staff efforts to achieve these goals through the use of resources available are examples of such administrative actions. The seniority system used for staff workers inside a company is sometimes referred to as management.
You must acquire a variety of abilities, such as planning, communication, organization, and leadership, in order to be a successful manager. Additionally, you will require in-depth understanding of the company's objectives and how to guide personnel, sales, and other activities toward achieving them.
What is administration?The effective management of people and resources to focus efforts on shared goals and objectives is referred to as administration. Planning, organizing, staffing, directing, managing, and budgeting are the six primary duties of an administrator in an organization, according to contemporary business management theory. Any firm or organization needs effective management, which calls on a variety of knowledge and abilities.
It is the same as you run the risk of falling into the same trap as saying that having buildings is the management practice equivalent of having a building.
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When major oil companies advertise to build goodwill rather than to stimulate sales, they are using __________________.
'When major oil companies advertise to build goodwill rather than to stimulate sales, they are using institutional advertising.
Promote an organization, company, or some kind of product so that people have a positive opinion of it, instead of promoting a specific product or service: A medical center announces the launch of an advertising campaign for the organization Did.
The most common types of institutional advertising are radio, television, print and digital media, allowing businesses to communicate their message through dialogue. This also includes non-traditional media in public spaces, such as sports stadium scoreboards, cinema advertisements, bus, train and subway signs.
Institutional advertising is a means of marketing an organization to potential and current customers. We have two goals. The first is to raise awareness of the organization and its services. The second is to convince people to do business with your organization.
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Herbert Matter's advertisements for the molded-plastic chairs of Eero Saarinen reflect sensibilities of the 1950s and have become as dated as the furniture they represent. t/f
The given statement is false. Herbert Matter's advertisements for Eero Saarinen's malleable plastic chairs reflect a 1950s sensibility and are not as dated as the furniture they represent.
Herbert Matter designed a series of Swiss travel posters illustrating his signature photomontage technique. Herbert Matter belonged to an early generation of modern designers who, thanks to the sophistication of printing technology, were able to experiment with photography.
Matter's works were particularly innovative in their use of photomontage and represented the earliest and most successful syntheses of photography and typography. A pioneer in the use of abstraction in graphics, Materia often used extreme juxtapositions of scale to create dramatic and powerful compositions.
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which of the following cost-saving actions can potentially result in a company gaining a sustainable cost advantage over rivals because the actions to cut costs cannot be detected from the information in either the footwear industry report or the comparative competitive efforts section of the competitive intelligence report?
1. Making it a company policy never to produce branded footwear with higher than a 3.0-star S/Q rating
2. Actions to underspend rivals on brand advertising
3. Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corprorate social responsibility and citizenship
4. Making it a company policy never to produce branded footwear with higher than a 3.5-star S/Q rating
5. Actions to completely avoid the payment of any import tariffs
The Right answer for Cost saving action is- 3. Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corprorate social responsibility and citizenship.
What are Cost saving action?A range of acts or policies that try to lower the anticipated cost of a certain transaction are together referred to as cost savings.The goal of cost savings is frequently to reduce the price that is paid for a certain commodity or service.They are also known as cost-cutting strategies since they are actions taken by a business to reduce costs and boost profitability.
They are an element of the business plan and consist of things like downsizing to a smaller office, cutting employee pay, closing facilities, streamlining the supply chain, etc.
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Research involving industrially advanced countries suggests that:
A. The more independent the central bank, the lower the average annual growth of real GDP
B. The more independent the central bank, the higher the average annual growth of real GDP.
C. There is no relationship between the degree of independence of a country's central bank and the growth rate of its real GDP.
D. The less independent the central bank, the higher the average annual rate of inflation.
Research involving industrially advanced countries suggests that d. the less independent the central bank, the higher the average annual rate of inflation
When the central banks are less independent, then the central banks cannot take an immediate step in order to combat the inflationary forces in an economy. It is because economic inflation can be immediately reduced by declining the extent of the money supply. As a result, when the central banks are bound by certain authorities, then inflation will be approached towards limitless extents.
Industrially advanced countries-The United States, Canada, Australia, New Zealand, Japan, and the majority of western Europe are among the industrially advanced nations (IACs). Their market economies were built on substantial inventories of capital goods, cutting-edge technologies, and an educated work population.
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Liv is very dedicated and believes that if she puts in the effort to perform at a high level,her organization will provide financial rewards and growth opportunities. According toexpectancy theory, this belief demonstrates the concept ofA) instrumentality.B) persistence.C) needs fulfillment.D) valency.E) expectancy.
Liv is very dedicated and believes that if she puts in the effort to perform at a high level,her organization will provide financial rewards and growth opportunities. According toexpectancy theory, this belief demonstrates the concept of (A) instrumentality.
According to expectancy theory, people are more motivated to work hard if they believe their efforts will be noticed and rewarded (Vroom, 1964). As a result, businesses that use performance-based compensation might anticipate gains. Performance-based compensation can tie benefits to the quantity of work that employees produce.
What are the 3 elements of expectancy theory?
The three components of Expectancy Theory
Competency: having the skills and knowledge needed for the job.Difficulty: feeling that the goal is achievable.Support: knowing where to get the correct information, or who to get it from.Learn more about expectancy theory to visit this link
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a unilateral promise to pay a sum of money or to give property in consideration of a promise to marry must be in writing. True/False ?
True. A unilateral promise to give money or property in exchange for an agreement to marry must be made in writing.
- A unilateral contract explicitly states that payment will only be provided in exchange for performance by one side. A prize or a competition is another illustration of a unilateral contract. In a unilateral contract, the offeror has the right to withdraw it prior to the offeree's commencement of performance.
- A "bilateral" contract, which involves exchanging one promise for another, is distinct from a "unilateral" contract. A unilateral agreement would go something like this: "I'll give you $1,000 if you drive my car from Cleveland to San Francisco." Accepting is doing the car. The distinction usually only has academic value.
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An agreement is which similar organizations agree too assume the processing for the other in the event a disaster occurs is known as a(n)
A mutual aid agreement is one in which comparable organizations consent to take over one other's processes in the event of a crisis.
mutual aid arrangement is what?Mutual aid contracts provide the framework through which two or more organizations may share resources. Mutual assistance agreements may permit assistance to be given within two or even more neighboring municipalities, between governments, between federal departments, and/or globally. They may also provide assistance to be given among all authorities within a state.
What serves as the basis for mutual aid?The concept and practice of mutual aid is founded on the values of direct action, collaboration, understanding, and solidarity. Mutual help, as opposed to charity, is the development and maintenance of new social networks where people contribute what they have and receive what they need, free from oppressive systems of authority.
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volunteers collecting money for charity often ask potential donors to accept a small gift prior to asking for a contribution. this fund-raising technique most closely resembles which of the following?
Volunteers collecting money for charity often ask potential donors to donate a large sum. This fund-raising technique most closely resembles the door-in-the-face technique.
Door in face technique:The door-in-the-face method is a compliance method that has been extensively studied in social psychology. The persuader attempts to persuade the respondent by making grandiose demands that the respondent is most likely to refuse, like figuratively slamming a door in front of the persuader.
What are the foot-in-the-door and door-in-the-face techniques?Foot-in-the-door (FITD) techniques make small requests to satisfy larger requests, while door-in-the-face (DITF) works in the opposite direction, expecting larger requests to be made. It is done. Denied to get consent for minor requests.
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. An employee retiring from a firm after 36 years of service at age 68 has earned a pension of $63,000 per year paid in quarterly payments of $15,750. His expected life expectancy is 12 years further at age 80. The pension payments would end when he dies.
a. Given a 16% discount rate based on the investment risk of his employer, what is the lump sum value of the pension when he retires? Excerpts from the Present Value of an Annuity table will help you use the right present value factor. The discount rate is 4% (16% divided by 4) and the present value of an annuity factor at 4% for 48 periods is 21.195.
b. If the employer offered the employee a lump sum payment of $350,000 instead of the pension that he could put into an annuity with the same risk as receiving his employer’s pension paying 16% interest per year compounded quarterly, should he take it? What risk would the retiring employee have if he does not accept the lump sum?
PLEASE NOTE: The present value of an annuity factors at 2% (or 8% divided by 4) are:48 quarters or number of payments (from 12 years equaling 48 quarters): 30.67336 quarters or number of payments (from 9 years equaling 36 quarters): 25.499At what retirement age would the present value of the future payments be higher?
Solution :- Total Quarterly Pensions = 12 * 4 = 48
The present value of an annuity factors at 2% (or 8% divided by 4) are:48 quarters or number of payments (from 12 years equaling 48 quarters): 30.67336 quarters or number of payments (from 9 years equaling 36 quarters): 25.499At what retirement age would the present value of the future payments be higher??
(A) Present Value of Pension when he retires = Quarterly Pension * PVAF ( 4% , 48 )
= $15,750 * 21.195
= $333,821.30
The lump sum value of the pension when he retires = $333,821.30
(B) If the employer offered the employee a lump sum payment of $350,000 instead of the pension that he could put into an annuity with the same risk as receiving his employer’s pension paying 16% interest per year compounded quarterly
Then he take $350,000 as the Present Value of Quarterly Payments of Pension is less than $333,821.30
The retiring employee that would have risk if he does not accept the lump sum is may be his early death and apart from this a risk of change in interest rate too.
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Fill in the blank.
“_______ the _______” is another term for networking.
A first impression is made in _______ seconds or less.
Your own personal presentation is a part of your company _______.
The goal of networking is to make new _______.
Engaging the people is another term for networking.
A first impression is made in 7 seconds or less.
Your own personal presentation is a part of your company image
The goal of networking is to make new acquaintances or partners.
What is networking?A group of computers sharing resources that are available on or offered by network nodes is known as a computer network. Over digital links, the computers communicate with one another using standard communication protocols.
interaction with others for the purpose of knowledge sharing and forming social or professional connections.
The goal of networking is to meet new people—friends, acquaintances in related fields, and perhaps business partners. You can advance swiftly in your profession with these new connections.
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Answer:
Engaging the people is another term for networking.
A first impression is made in 7 seconds or less.
Your own personal presentation is a part of your company image
The goal of networking is to make new acquaintances or partners.
Explanation:
constance's team was organized and efficient. when the team learned it would be giving a team presentation at the annual meeting, its members immediately divided up the work equally. the members worked independently but did not need to check up on one another, since each member was reliable and would not do anything to let down the team. the presentation itself was not particularly effective, and audience members appeared distracted. which of the following is the most likely reason the presentation was unsuccessful?
The most likely reason the presentation was unsuccessful is the team did not collaborate on the overall presentation.
What is the presentation?A presentation is a means of communication that can be adapted to different speaking situations, such as talking to a group, addressing a meeting or directing a team.
A presentation needs you to obtain a message across to the listeners and will usually contain a 'persuasive' factor. It may, for example, be a talk about the direct work of your organization, what you could propose to an employer, or why you should get additional funding for a project.
The most likely reason the presentation was unsuccessful is the team did not collaborate on the overall presentation.
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Which of the following is true of marginal cost?
a.Marginal cost is the cost per unit of output produced.
b.Marginal cost is the change in total cost divided by the change in total output.
c.Marginal cost curve is negatively sloped at the profit-maximizing level of output.
d.Marginal cost is equal to total cost divided by the quantity of output.
e.Marginal cost initially increases with an increase in output but subsequently
declines.
The correct answer is : D- Marginal cost is equal to total cost divided by the quantity of output.
What is the short-term reality of marginal cost?Some of the company's short-term costs are fixed regardless of the output level (e.g. buildings, machinery). Other expenses like labor and materials change with output and are therefore reflected in marginal cost.
Why is it likely that in the short term, the marginal product of labor will rise and then fall?As the initial employees are hired, they may choose to specialize in the jobs for which they have the greatest aptitude, which raises the marginal product of labor. The workplace eventually becomes crowded and the productivity of extra workers decreases while the amount of capital remains constant.
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Determine which statement below would support the argument that magazine covers should not be enhanced.(1 point)
Magazines sell better when they use stylized photos that show people from their best vantage point.
Celebrities have every right to look their best as they are constantly in the public eye.
The people on magazine covers are role models for younger people and should be shown realistically.
Part of a photographerâs job is to enhance his or her photos for the clients that wish it.
Magazines sell better when they use stylized photos that show people from their best vantage point.
a mag is a periodical ebook, normally posted on a regular schedule (often weekly or month-to-month), containing a ramification of content. they're generally financed via advertising and marketing, buy rate, pay as you go subscriptions, or with the aid of a aggregate of the 3. inside the technical feel a magazine has non-stop pagination in the course of a quantity. therefore enterprise Week, which starts every issue anew with page one, is a magazine, but the magazine of enterprise verbal exchange, which continues the same sequence of pagination for the duration of the coterminous yr, is a journal. a few professional or exchange courses also are peer-reviewed, for instance the journal of Accountancy.
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One way the news media affect the public is through___________ , which is the power of the media to influence how events or issues are interpreted and understood. Through _______________, the news media can influence the opinions that people form on a particular issue or policy. Another way the news media can shape politics is through ____________ which occurs when an issue or other criteria becomes important in evaluating political candidates as a result of news coverage.
One way the news media affect the public is through newspapers, which is the power of the media to influence how events or issues are interpreted and understood.
Through television, the news media can influence the opinions that people form on a particular issue or policy. Another way the news media can shape politics is through monitoring the actions, which occurs when an issue or other criteria becomes important in evaluating political candidates as a result of news coverage.
Agenda setting describes the ability of the news/ media to influence the importance placed on the topics of the public agenda. The study of agenda-setting describes the way media attempts to influence viewers, and establish a hierarchy of news prevalence.
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If the spot rate of the euro to dollar exchange rate is $1.3310 and the forward rate is $1.3402, the euro is said to be selling at a forward _________.
Select one: a. discount of 1.4% b. premium of 6.8% c. premium of 1.4% d. discount of 6.8%
If the spot rate of the euro to dollar exchange rate is $1.3310 and the forward rate is $1.3402, the euro is said to be selling at a forward c. premium of 1.4%
but they can also be supra-national ones like the euro or sub-national ones like Hong Kong. The value of one country's currency in respect to another currency is also thought of as the exchange rate. An interbank exchange rate of 114 Japanese yen to the US dollar, for instance, indicates that 114 will be converted into $1 or that $1 will be converted into 114. In this instance, it is said that the cost of a dollar in terms of yen is 114, or, translated into dollars, that the cost of a yen in terms of yen is $1/114.
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What is the most accurate way of determining his expenses?; Which section of the business plan describes the purpose of the proposed business is reason for existence?; What is a variable expense Everfi?; What happens if you spend money on things you want before things you need?
The most accurate way of determining his expenses is to review his financial records, such as his income and expenses, to gain insight into his financial situation.
Which section of the business plan describes the purpose of the proposed business is reason for existence?
The executive summary is the section of the business plan that describes the purpose of the proposed business and its reason for existence. This section should outline the company's goals, the products or services it will provide, the target market, and the advantages it will have over competitors.
What is a variable expense Everfi?
A variable expense Everfi is an expense that changes from month to month, such as utilities, groceries, and entertainment.
What happens if you spend money on things you want before things you need?
If you spend money on things you want before things you need, you may end up without enough money to cover your essential expenses. This can lead to debt or financial difficulty. It's important to prioritize your needs before your wants in order to ensure that you can cover your basic expenses.
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production facilities, office equipment, and heavy machinery are assets that are expected to last many years and are called long-term or blank assets.
Fixed is the answer. Production facilities, office furnishings, and large machinery are examples of long-term or fixed assets that are anticipated to last for many years.
What are long-term or blank assets?Long-term assets are investments in a corporation that will pay off eventually. Long-term assets might include tangible items that can't be touched, such long-term expenditures or a company's trademark, as well as intangible items like a company's property, plant, and equipment.
Long-term assets are things that a corporation uses to generate money over extended periods of time, such as over a year. Short-term assets are used for a period that is not quite a year and generate income or pay inside that year. Read more about the distinction among assets and liabilities.
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Exercise 16-29 (LO. 2) In 2021, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients and earned $25,000. The clients signed notes receivable to Chaya that have a fair market value of $22,000 at year-end. In addition, Chaya sold a 36-month service contract on June 1, 2021, and received payment in full of $12,000. Round any division to four decimal places. If required, round your final answer to the nearest dollar. How much gross income does Chaya report from these transactions in 2021? 1. From the services to clients: $ 2. From the service contract: s
Gross Income of Chaya from these transactions will be $27,333
Amount earned = $25,000
Amount received = $12,000
Using accrual method of accounting, income and expenses are recognized as it is being made or earned irrespective of the amount of cash paid or received.
Fair market value = payment received * 7/36
= $12,000 * 7/ 36
= $2333.333
Chaya reported income = amount earned + fair market value
= $25,000 + $2333.333
= $27,333.
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