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guapka [62]
2 years ago
13

Your landlord has held one month's rent of $875 as a security deposit from which any damage repair will be deducted. You have le

ft a stain in the 8-foot x 10-foot Living room carpet which will require a professional carpet cleaner. The carpet cleaner charges $5.25 per square foot. Assuming there are no other damages, how much of your deposit will be returned to you?
Business
1 answer:
Norma-Jean [14]2 years ago
8 0

<u>Answer:</u> $455

<u>Explanation:</u>

Security deposit with the landlord  =$875

Calculation of painting cost

Given

Painting charges= $5.25

Size = 8ft x 10ft = 80 Sq.ft

Total painting charges= 80 Sq.ft x $5.25

=$420

Calculation of security deposit to be returned

= Total security deposit - painting charges

=875-420

=$455

So from the above calculations it is clear that $455 would be returned to me by the landlord.

You might be interested in
Northern purchased the entire business of Southern including all its assets and liabilities for $2,400,000 on December 31, 2021.
stich3 [128]

Answer:

$400,000

Explanation:

The computation of goodwill is shown below:-

Fair value of assets = $3,200,000

Fair value of liabilities = $1,200,000

Cash paid for southern = $2,400,000

Acquired Net assets = $2,000,000

Net assets acquired = Fair value of assets - Fair value of liabilities

= $3,200,000 - $1,200,000

= $2,000,000

Goodwill acquired = Cash paid for southern - Acquired Net assets

= $2,400,000 - $2,000,000

= $400,000

5 0
2 years ago
Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of prod
Leto [7]

Answer and Explanation:

The preparation of the financial impact is shown below:

Particulars                                     Make                         Buy

Direct Material (7,400 × $7.50) $55,500  

Direct Labor (7,400 × $4.20) $31,080  

Variable overhead (7,400 × $8.30) $61,420  

Supervisors salary (7,400 × $3.20) $23,680  

Depreciation on special equipment $0                          $0

General overhead                    $3,400  

Purchase cost (7,400 × $27)                               $199,800

Opportunity cost                                               $(18,000)

Total Annual Cost                      $175,080                $181,800

b. As we can see that the total annual making cost is $175,080 and the total annual buying cost is $181,800 which increase the cost by $6,720. So in this case the company should make the product rather than buying them

4 0
2 years ago
There are zero coupon bonds outstanding that have a YTM of 6.09 percent and mature in 17 years. The bonds have a par value of $1
dlinn [17]

Answer:

$3,606.49

Explanation:

the price of a zero coupon bond = maturity value / (1 + i)ⁿ

  • maturity value = $10,000
  • i = 6.09% / 2 = 3.045% semiannual interest rate
  • n = 17 years x 2 semiannual compounding = 34 periods

the price of a zero coupon bond = $10,000 / (1 + 3.045%)³⁴ = $10,000 / 1.03045³⁴ = $10,000 / 2.772779928 = $3,606.49

the formula we used to determine the market price of a zero coupon bond is basically the present value

6 0
2 years ago
Which investment has the least amount of risk?
exis [7]

Answer:

A. standard deviation = $500, expected return = $5,000

Explanation:

For analysis which investment involved the least amount of risk we need to determine the coefficient of variation i.e. shown below:

As we know that

Coefficient of variance = standard deviation ÷ expected return

A = $500 ÷ $5,000 = 0.10

B = $700 ÷ $500 = 1.40

C = $900 ÷ $800 = 1.125

D = $400 ÷ 350 = 1.143

As it can be seen that investment A has the leas amount of risk hence, the same is to be considered

5 0
2 years ago
What differences do you notice when looking at your posts and how they performed on each platform? Compare impressions, engageme
vovangra [49]

Answer:

Conversion

Explanation:

The best thing to look out for when checking how a post is performing is the conversion.

Conversion is the number of people that your post was able to bring to partake in or buy your products.

This is very important because, it is the aspect that will show that the money you spent on the promotion of the post is not wasted.

It should be understood that others like impression, clicks, share etc are just to show you that people are seeing your post. This is because those ones are not actually going to bring any money to you.

8 0
2 years ago
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