Nagi’s contract right to the payment is extinguished.
The simplest definition of a contract is a legally binding commitment. This pledge might be to refrain or carry out a specific action. A contract is created by at least two parties who must concur on its terms. If either side violates their promise, the other party may take legal action. The law of contracts considers a number of factors, such as whether a contract genuinely exists, what it means, whether it was broken, and how much money the party who was wronged is entitled to. A contract's main purpose is to formalise new relationships and specify the legal responsibilities each party has to the other. Today, most contracts are negotiated by businesses rather than by people. even if occasionally businesses routinely enter into contracts with partners, clients, and suppliers, much like individuals would when selling a home or accepting a job offer. Every corporate relationship is, in fact, backed by legal contracts.
Music Masters Inc. enters into a contract to pay Nagi for a dozen original songs. Nagi transfers the right to payment under the contract to Omni Artists. After the transfer, Nagi’s contract right to the payment is
A. unaffected.B. extinguished.C. conditional.D. secondary.
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What is the most cost effective type of life insurance?
Term life insurance is the most cost-effective type of life insurance.
Term life insurance is a form of life insurance that provides coverage for a specific period of time, such as 10, 20, or 30 years. This type of policy is often more affordable than permanent life insurance because it does not accrue cash value or offer other benefits such as living benefits.
Additionally, premiums for term life insurance are usually fixed for the duration of the policy, so you know exactly what you will be paying each month. Term life insurance is an ideal option for many people, as it provides coverage for a set period at a lower cost.
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a. Real GDP presents a dollar amount adjusted for inflation. b. The income approach to GDP includes consumer expenditures. c. The expenditure approach to GDP includes disposable income.
According to question, the GDP price deflator (index) is calculated by dividing this year's market basket price by the base year's market basket price .
Adjustments for changes in inflation are included in real GDP. This implies that real GDP will be lower than nominal GDP in an inflationary environment and vice versa. Positive inflation leads to a significant nominal GDP inflation without a real GDP correction.
The total value of all goods produced in a nation in a year is measured by both the nominal gross domestic product (GDP) and the real GDP. In contrast to nominal GDP, real GDP is adjusted for inflation. Real GDP is nominal GDP that has been inflation-adjusted. Real GDP is used to measure the growth in production as it actually occurs, free from the impacts of inflation.
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The correct question is :
The GDP price deflator (index) is calculated by dividing:
a) the real GDP by the nominal GDP
b) this year's market basket price by the base year's market basket price
c) national income by the inflation rate
d) income-approach GDP by expenditure-approach GDP
e) private sector expenditures by public sector expenditures
If employees do not honestly communicate about business issues, it can lead to Multiple choice question. poor financial performance. enhanced self-interest. transparent workplaces. greater personal values.
Employees' self interest may increase if they don't openly discuss work-related difficulties.
What types of self interests are these?Self-interest simply refers to the pursuit of one's own interests. You go over to work in order to earn money so you can purchase the items you want. You attend school in order to one day obtain a better position and earn more cash to fulfill your wants and needs.
Why is rational self-interest crucial?By securing and preserving market share, recruiting and retaining a talented personnel, and guaranteeing that resources and natural resources are accessible in the future, enlightened self interest boosts corporate value.
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Sandy, a top-level manager, identifies jobs to be performed, assigns responsibility for them, establishes departments to handle the jobs, and determines how many and which employees the mid-level managers will supervise. Which function of management is Sandy performing?
The function of management is Sandy performing is Organising. Thus the correct option is B.
What is a manager?A manager is a person who oversees a project and is accountable for allocating resources, monitoring the project's development, and ensuring that it is completed on schedule in order to fulfill the organization's mission and goals.
Creating an institutional framework and assigning resources to enable the achievement of goals is a part of the management function known as organizing.
Since it makes it easier to manage and run the organization, the organization is crucial. Among other things, it entails delegating authority, allocating tasks, and categorizing those duties into department.
Therefore, option B is appropriate.
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The missing option probably is
planning
organising
supervising
controlling
What are primary expenses?
Primary Expenses means all Expenses other than revision Payments and Refinancing Charges. “ Principal Repayment ” has the intention given to a similar term in the description of “ Redemption Premium. ”
Ordinary Charges mean the Trustee's ordinary charges and outflow in connection with its services as Trustee, containing the particulars appertained to in the description of common Charges in the standard terms.
Management Charges means charges incurred in the administration of an insurer which isn't delegated outstanding and, in the case of general insurance business, aren't incurred in claims paid, claims outstanding, charges for settling claims, and charges for settling pretenses outstanding. Common Charges mean expenses made by or fiscal arrears of the association, together with any allotments to reserves.
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Quick Co. acquired the following assets from a liquidating competitor for a $200,000 lump-sum purchase price:
Assets for which the fair value option has been chosen; loans held-for-sale; policy loans... Lending policy normally focuses on the acquisition of credit.
What do you meant by liquidating competitor?
Liquidate refers to the process of selling assets or property to generate cash or cash equivalents. The process of ending a firm and dispersing its assets to claimants is referred to as "liquidation."
Liquidate is derived from the Latin verb liquidare, which also means "to melt" or "to clarify." Since liquidate refers to assets, a recipe can instruct you to liquefy the butter rather than liquidate it. To liquidate means to conclude a business successfully and pay off debts by selling stocks or other assets in order to generate cash.
Asset liquidation refers to the process of turning non-liquid assets into liquid ones through open market sales. Assets can be liquidated willingly by a person or business, or they can be made to do so through the bankruptcy process.
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How many types of scarcity are there?
There are two types of scarcity: absolute scarcity and relative scarcity.
Absolute scarcity refers to a situation where there is a finite amount of a resource and it cannot be replenished. This type of scarcity is most often seen in natural resources, such as oil or water.
Relative scarcity, on the other hand, refers to a situation where there is an insufficient amount of a resource relative to the demand for it, and the resource can be replenished.
This type of scarcity is most often seen with economic resources, such as money or labor. In both cases, the scarcity of the resource can lead to higher prices and decreased availability.
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An applicant receives a job offer from two different companies. Offer A is a starting salary of $58,000 and a 3% increase for 5 years. Offer B is a starting salary of $56,000 and an increase of $3,000 per year.
Offer B can be indicated by an arithmetic sequence because the salary difference is constant for two consecutive years.
How can sequence be written as?Bn = 56,000 + 3,000n
where n is number of years in job.
Subtracting: B(n+1) - Bn
As you can see, the difference in salaries for two consecutive years is constant. That is, Bn is an arithmetic sequence.
What is an arithmetic sequence?An arithmetic sequence is an ordered set of numbers with a common difference between each successive term. For example, in the arithmetic sequence 3, 9, 15, 21, 27, the tolerance is 6. Arithmetic sequence can be called arithmetic progression.
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Your worksheet contains a price in cell AS, and many formulas refer to that price. How would you refer to that price in the formulas? a. AS b. SASS c. SAS d. AS5 a Od
Your worksheet contains a price in cell AS, and many formulas refer to that price. By referring SASS to that price in the formulas.
How do you explain sass?An extension of CSS called Sass (short for "Syntactically amazing style sheets") lets you utilize features like variables, nested rules, inline imports, and more. Additionally, it keeps everything organised and makes the process of creating style sheets quicker. All CSS versions are compatible with Sass.Using variables, mathematical operations, mixins, loops, functions, imports, and other intriguing capabilities makes making CSS considerably more powerful. SASS (Syntactically Awesome Stylesheets) is a CSS pre-processor.Syntactically Awesome Style Sheets, sometimes known as SASS in the context of web development, is a preprocessor scripting language that may be either interpreted or compiled into a CSS file. The primary syntax for SASS, which is built on top of the CSS syntax that currently exists, is SCSS, also known as Sassy CSS.Learn more about CSS refer to :
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The assessed value of Sidney's home is $350,000 but the home was recently appraised at $225,000. As a result, Sidney believes her tax bill is way too high. What option does Sidney have
Sidney can file a complaint with the local board of assessment review.
A complaint is a formal legal document that sets forth the facts and legal grounds that the filing party or parties feel are adequate to sustain a claim against the party or parties against whom the claim is lodged, entitling the plaintiff to a remedy.
The same name is used for the same pleading under civil court rules in states that have absorbed the Federal Rules of Civil Procedure. This written document comprises the plaintiff's charges against the defence, the particular laws broken, the events that led to the disagreement, and any demands for justice made by the plaintiff.
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What is the most important factor in giving service to the client?
Having a good understanding of the product and company is important for providing excellent customer service.
What are the importance in service?Customers that receive excellent service are more likely to return and spend more money with you in the long run. That's wonderful news for your financial situation. 50% of customers boost their spending with a brand after having a satisfying experience there.The key to excellent customer service is empathy. The greatest approach to convey to your consumers that you appreciate their business, care about their difficulties, and take their worries seriously is to listen to them when they call. Customer interactions can be made memorable by fostering empathy among support workers.Understanding and being able to detect other people's emotions is called empathy. It basically involves placing yourself in the client's emotional situation. The most crucial customer service talent, according to many, is empathy.To learn more about service refers to:
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when a customer comes in looking for a certain item and you cant find it they become upset. they say they need it today and dont have time to drive around looking for it
The salesperson should attempt to ascertain the client's purpose for purchasing the item and provide an available substitute; the least likely course of action is to disregard the customer's wants and move on to helping the next customer.
Salesperson:A salesperson is someone who is in charge of dealing with customers and ensuring that they receive assistance in choosing the products they wish to buy. An excellent salesperson works tirelessly to provide the goods to the customer and ensure that they are happy with their purchase. Therefore, the salesperson should pay attention to the demands of one consumer at a time.
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What is the purpose of insurance simple words?
Insurance has a purpose of protecting yourself and your loved ones financially in case of unexpected events, such as a death, an accident, a natural disaster, or a medical emergency.
Insurance policies provide a safety net by helping to cover the costs associated with these events, such as medical bills, funeral expenses, and property damage. With insurance, you can have peace of mind knowing that you and your family have a level of financial protection in the face of difficult times.
Insurance is a way to protect you and your loved ones from financial loss due to unexpected events and that is its purpose. It is a way to ensure that you and your family have the financial resources to cope with difficult situations, such as illness, theft, damage to property, or death.
Insurance can be taken out to cover a variety of things, including your home, car, health, life, and business.
By paying regular premiums, you can rest assured that you and your family are protected if the worst should happen.
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Select all that apply Which statements about social media are true? (Choose every correct answer.) Multiple select question. Social media are used by marketers and customers to share many kinds of information. Social media facilitate interpersonal interactions. Social media can be important components of an integrated marketing communications strategy. Social media include online but not mobile technology.
The true statements about social media are that it can be important components of an integrated marketing communications strategy, facilitate interpersonal interactions and is used by marketers and customers, which means options A, B, C are correct.
Social media is the online platform which allows people to interact with each other, share documents, information and images and remain connected with each other as well. Numerous people use till platform to earn money by sharing creative content which is loved by many others. It has become a addictive source of being active as well. Kids spend numerous hours scrolling down the chats or posts of strangers or ideals. Social media as a tool can be a powerful method of influencing politics and other regimes which tend to affect lives of many. Hence, it is necessary that we use social media in a restrictive form so that it does not over power the natural lives of the individuals.
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What is the total estimate economic contribution that he Indian River Lagoon provides to the local, regional and national economies
The lagoon serves as a spawning and rearing site for many fish, acting as the ocean's womb. The annual revenue from lagoon fisheries is projected to be $30 million, and the lagoon contributes almost 50% of the fish consumed each year.
Do you believe the Indian River Lagoon benefits the neighborhood's economy?The Lagoon contributes $7.6 billion yearly to the surrounding economy, which is another economic engine. It offers visitors leisure and tourism options as well as employment, housing, and industry for Floridians.
The number of employment associated with the Indian River Lagoon?The Indian River Lagoon's major economic drivers include agriculture, fishing, tourism, resource management, and the marine and aerospace sectors. Jobs associated with lagoons employ over 72,000 people, and their yearly salaries in More than $1 billion is spent on these five industries.
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The bookkeeper prepared a check for $58 but accidentally recorded it as $85. When preparing the bank reconciliation, this should be corrected by: Select one:
The book balance is increased by $27. The cheque was written for $58 but was mistakenly recorded as $85. reconciling the bank statements
What does it entail to reconcile?the process of rekindling friendship between two parties or groups after a dispute or fight. [noncount] The conclusion of the trade deal was hailed as a sign of amity between the two nations.
What does the Bible mean by reconciliation?The Greek word for "reconciliation" actually implies to fully alter. The Bible says in Colossians 1:20–22 that sinners are enemies of God and one another in their hearts because of their evil deeds, but that God has made restitution through the sacrifice of Jesus.
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In a trade deficit, ________. Select the correct answer below: exports are greater than imports imports are greater than exports exports and imports are equal exports and imports have no impact on GDP
A trade deficit occurs when a country's imports exceed its exports during a given period.
Gross home product (GDP) is the financial degree of the market fee of all the final objects and services produced and supplied (no longer resold) in a particular time period with the aid of a manner of countries. because of its complex and subjective nature, this measure is regularly revised earlier than being taken into consideration as a reliable indicator. GDP (nominal) consistent with capita does now not, however, reflects differences in the charge of living and the inflation fees of the nations; therefore, using a basis of GDP in line with capita at shopping power parity (PPP) can be greater useful even as evaluating residing necessities amongst countries, while nominal GDP is extra beneficial evaluating national economies at the worldwide marketplace.
Normal GDP can also be broken down into the contribution of every enterprise or area of the financial device. The ratio of GDP to the entire population of the area is the in keeping with capita GDP (additionally referred to as the suggested stylish of living).
GDP definitions are maintained via a few country-wide and worldwide financial groups. The agency for financial Co-operation and improvement (OECD) defines GDP as "a mixture degree of manufacturing equal to the sum of the gross values introduced of all resident and institutional devices engaged in production and services (plus any taxes, and minus any subsidies, on products no longer blanketed in the rate of their outputs)".
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Is an 800 credit score possible?
Despite the fact that both the FICO and Vantage Score credit scoring systems have a maximum score of 850, you don't actually need to reach 850 to enjoy the same advantages as people with perfect credit. You have a very strong credit history if your FICO score is 800.
How is it possible?
A credit score of 1,000 is not attainable because credit scoring models do not support it. Experian asserts that some credit scoring methods can get scores of up to 900 or 950, but they are institution-specific ratings that are only used in that industry.You most likely need a credit score of at least 580 to qualify for a $1,000 personal loan. Most lenders who provide personal loans of $1,000 or more accept borrowers with poor credit or better if they have enough income to meet the loan's monthly payments.Generally speaking, in order to be eligible for a loan to buy a property, your credit score must be at least 620. The majority of lenders have that minimal credit score for a standard loan.To know more about credit score here
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Which scheduled report setting allows you to define a time range for a report to run if it is delayed
We may choose a time window for our report to run using the Schedule Window options. So, we may offer a window in which to execute a report if other reports are scheduled to run concurrently.
Alert Type: A scheduled alert's run time is determined by the day and time selected from the drop-down menus. Scheduled alerts are sent out at predetermined intervals. On the other hand, the search runs continually in the background when the alternative real-time alert option is selected. The alert action is carried out each time the criteria is satisfied. The alert may be set up to do various actions depending on the level of escalation. When the trigger criteria are satisfied and the alert triggers, Escalation Level 1 comprises all initial actions that you wish to do.
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On January 1, 2020, Riverbed Company makes the two following acquisitions. 1. Purchases land having a fair value of $370,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $561,686. 2. Purchases equipment by issuing a 7%, 8-year promissory note having a maturity value of $550,000 (interest payable annually). The company has to pay 11% interest for funds from its bank. (a) Record the two journal entries that should be recorded by Riverbed Company for the two purchases on January 1, 2020. (b) Record the interest at the end of the first year on both notes using the effective-interest method
Discount on Payable Notes, Payable Interest, and Interest Expense are each $22,000, $15,000, and $20,424 accordingly.
What is the interest payable ?1. January 1, 2020, Account Titles and Explanation, Credit, Debit, Land, Discount on Notes Payable, Notes Payable, 337,012. 2. January 1, 2020, Notes Payable 250,000, Equipment 185,673, Discount on Notes Payable 64,327, and Account Titles and Explanation Debit Credit. A. 2. Calculation of the discount on payable notes is then performed: Present value of $250,000 due in 8 years at 11% of maturity value equals $250,000 x 0.43393, which is $108,483.
Present value of $15,000 payable every year for 8 years at a rate of 11% per year equals $15,000 x 5.14612 to 77,192. Discounted from the note's present value of $165,675 is $64,325. Discount on Notes Payable: ($200,000 x 11%) Equals $22,000 (a) (b) 2. The cost of interest is ($185,675 x 11%) = $20,424 , Interest Payable = (15%) ($250,000 x 6%)
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Yaris is working on a budget breakdown for a bathroom remodel. The total project budget is $2,000. What might his subsections be
The subsections may be Paint $300, New Tile: $1,000, Installation: $500, and Designer Fee: $200.
Renovating a structure means putting it in better shape. Without changing the original design, this entails replacing and upgrading current components to meet the necessary standards.
Any interior home renovation falls under the broad category of "home remodeling." Few people are aware that there are three different types of remodeling: full-scale, pull-and-replace, and facelift. The variety of interior modifications or replacements that each involves set it apart from the others.
There are four different categories of renovation work: fundamentals, curb appeal, best value for money, and passion projects. They don't all offer a great return on investment.
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A property has a net income of $40,000, interest payments of $17,000, and annual cost recovery of $9,000. The property's tax rate is 25%. What is the property's annual tax liability
The property's yearly tax obligation is calculated to be $3500.
The amount that a person, company, or other entity owes to a federal, state or local tax authority is known as their tax liability. In general, you owe taxes when you earn money or make gains off of the sale of an investment or other item.
Anyone who owns a residential, commercial, or rental property is required to pay property tax, which is due annually or semi-annually depending on convenience. The location of the property, the current valuation, and local laws all play a role in determining the tax amount.
Annual Tax Liability = (net income - interest payments - annual cost recovery) * property's tax rate
Annual Tax Liability = (40000 - 17000 - 9000) * 0.25
Annual Tax Liability = 14000 * 0.25 = $3,500
Therefore, Annual Tax Liability = $3,500
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Jasmine has played basketball since she was six years old. Each winter, she starts practicing for her local team. This year, she has decided to take a job at a supermarket. Jasmine is not able to do both activities, because her shift at the supermarket would begin before the team's practices would end. Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost
Answer:
Based on the information provided, if Jasmine chooses to work at the supermarket, her opportunity cost would be giving up her ability to participate in her local basketball team's practices.Opportunity cost is the cost of an alternative that must be foregone in order to pursue a certain action. In other words, it's the second best option or alternative you give up when you choose to pursue a specific goal or objective. In Jasmine's case, if she chooses to take the job at the supermarket, she will not be able to attend the team's practices which is her alternative option. Therefore, her opportunity cost is the benefit she would have gained from participating in the basketball practices.
Explanation:
hope this helps
Answer: D. missing out on playing basketball
Explanation: just got it right on the assignment on edge 2023.
You have been asked by the CEO of Mountaineer Co. To assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Prepare an income statement for the company. Note: use cost of goods sold calculated in part 1.
Rent Expense Factory 45,000
Repairs Expense Factory 11. 500
Factory Utilities 9,500
Factory supplies used 14,000
Indirect labor 38,000
Raw Materials Beginning: 60,000
Raw Materials purchases: 140,000
Raw Materials Used: solve for this value
Raw materials ending: 64,000
The raw materials used were $76,000. This Cost of goods sold is calculated by subtracting ending raw materials from the beginning balance and adding purchased raw materials.
In this case, beginning raw materials were $60,000, purchased raw materials were $140,000, and ending raw materials were $64,000. So the raw materials used were $76,000 ($60,000 - $64,000 + $140,000). This value was subsequently added to the price of the goods sold. Total costs were then subtracted from net income to determine the company's net income.
Mountaineer Company Income Statement
Gross income: $500,000
Less: Cost of goods sold: $236,000
Net income: $264,000
Factory rental cost: $45,000
Cost of factory repairs: $11,500
Factory Service: $9,500
Factory material used: $14,000
Indirect labor: $38,000
Raw materials used: $76,000
Total cost: $194,000
Net income: $70,000
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What are the 3 most common economic systems ?
The three main types of economic system are: free market, command, and mixed.
Free-Market Economies
In this type of economic system businesses and individuals have the freedom to pursue their own economic interests. It is often called capitalist economy. Here buying and selling goods happens on a competitive market. And the market here defines a fair price for goods and services.
Command Economy
It is also known as a Centrally Planned Economy because the central, or national, government plans the economy. Basically, communist states have command economies.
Mixed Economy
This system combines elements of free-market and command economies.
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i am received in january you get me if you are not an employee, but were paid by a company you probably didn’t get taxes withheld if you got me, so you may have a big tax bill coming up
I received in January you get me if you are not an employee but were paid by a company you probably didn’t get taxes withheld if you got me, so you may have a big tax bill coming up- It is 1099
What is the meaning of tax bill?We mail SSA-1099 tax forms to Social Security recipients each January. You can use it to calculate how much Social Security income to include on your tax return and report to the Internal Revenue Service by looking at the total benefits you received from us in the previous year. An IRS Form W-2, Wage and Tax Statement, outlining your pay, tips, and other compensation from the previous year, must be given to you by your employer by January 31 of every year, even if you no longer work there.
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Having different individuals receive cash, record cash receipts, and hold the cash is an example of a. independent internal verification, b. establishment of responsibility, c. documentation procedures. d. segregation of duties
Segregation of duties can be demonstrated by having various people receive cash, record cash receipts, and hold the currency.
What does segregation of duties mean?A fundamental component of effective risk management and internal corporate controls is segregation of duties (SOD). The foundation of the SOD concept is shared accountability for a crucial process, which distributes its essential tasks to multiple parties or departments.Checks shouldn't be in the hands of the person who manages and reconciles the accounting records. It is not recommended that the person who opens the mail and creates a list of the checks received also makes the deposit.
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What are 3 scarce economic resources?
Three scarce economic resources are land, labor, and capital.
The land is a finite resource, meaning that there is only a certain amount of it available. It is used for agriculture, housing, and industry, and it is a key factor in economic production.
Labor is another scarce resource, as it encompasses the physical and mental abilities of individuals that are used to produce goods and services. Capital is the third scarce resource and consists of the money, goods, and machinery used in production. This includes items such as machinery, buildings, computers, and other tools used to produce goods and services.
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An income producing property rents for $1,000 per month and the GRM is 84. What is the estimated market value of the property
The property's estimated market value is 84 x $1,000 = $84,000.
What is Market value?The price at which an item would trade in a competition auction environment is known as its market value, or OMV. Despite the fact that these phrases have different meanings under various standards and might have variations in some situations, market value is frequently interchangeable with open market value, fair value, and fair market value.
Market value is the amount that an asset would sell for on the open market or the estimation that the financial community makes of a certain equity or company. Market value is the price at which a home would ordinarily sell.
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Paprus Inc. provided the following information for its manufacturing division: Revenues $650,000 Operating expenses $400,000 Service department charges $ 95,000 Invested assets $600,000 Assume that Paprus Inc. has established 20% as the minimum acceptable return on divisional assets. Determine the residual income for the manufacturing division.
Residual income for the manufacturing division is $155,000 - $31,000 = $124,000. Residual income for the manufacturing division can be calculated by subtracting operating expenses and service department fees from revenues to obtain net operating income.
Then multiply net operating income by the division's minimum acceptable return on assets (20%) and subtract that amount from net operating income. This difference is the residual income for the manufacturing division. In this case, net operating income is $650,000 - $400,000 - $95,000 = $155,000. Multiplying net operating income by the division's minimum acceptable return on assets (20%) yields $155,000 x 0.2 = $31,000.
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