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2 years ago

Which expense might you pay when you rent? A. property taxes B. utilities C. maintenance D. PMI

1 answer:

8 0

Utilities. Since you don't own the property, you are not responsible for paying property taxes. Your landlord should be responsible for any maintenance. PMI is insurance paid on a mortgage - which you wouldn't have as a renter.

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Deep Hollow Oil issued 135,000 shares of stock last week. The underwriters charged a spread of 8.05 percent in exchange for agre

Neporo4naja [7]

Answer:

The ratio of flotation cost to funds raised is 20.13%

Explanation:

First of all, it is noteworthy that actual amount received per share by Deep Hollow Oil is the issue price minus the underwriting spread of $2.6565 (8.05% of $33),in other words the net issue price is $30.3435

The total amount raised is $ 4,096,372.50 (135000*$30.3435 ),while total flotation costs are as follows:

Underwriting costs $ 358,627.50

Legal and accounting fees $418,000

Indirect costs $48,000

Total flotation costs $824,627.50

However, the flotation costs as a percentage of funds raised is given below:

$824,627.50 /$4,096,372.50=20.13%

6 0

2 years ago

Cliff Company traded in an old truck for a new one. The old truck had a cost of $130,000 and accumulated depreciation of $65,000

RSB [31]

Answer:

the recorded value of the new truck is $135,000

Explanation:

The computation of the recorded value of the new truck is given below;

In the case when the transaction has the commercial substance so the recorded value of the new truck would be equivalent to the invoice price or the fair value i.e. $135,000

Hence, the recorded value of the new truck is $135,000

The same would be considered and relevant

And all other values are to be ignored

4 0

1 year ago

Suppose John has a budget of $82 that he spends on ice cream sundaes (Q1) and coffee (Q2). The price of ice cream sundaes recent

ANEK [815]

Answer:

The answer is 9 ice cream sundaes.

Explanation:

The answer to how many ice cream sundaes that John's budget of $82 is constrained to based on the following data

New Price of Ice cream sundaes (Q1) = $6

New Price of Coffee (Q2) = $4

can be calculated thus

since, 7 coffee was bought for $4 dollars each

7x4 = $28

The remaining funds is now

82-28 = $56

therefore,

$56/$6 = 9 Ice cream sundaes

4 0

2 years ago

Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and

Savatey [412]

Answer:

a) Net income lost from discontinuation $235,000

b) Canoe should not be discontinued because a sum worth $235,000 generated by canoe would be lost if it is discontinued.

Explanation:

If canoe is discontinued the net income lost will be calculated as follows:

Sales revenue 2,600,000

Variable cost (1,870,000)

Contribution 730,000

Direct fixed cost (495,000)

Net income lost 235,000 

a) Net income lost from discontinuation $235,000

b) Canoe should not be discontinued because a sum worth $235,000 generated by canoe would be lost if it is discontinued.

Note that the indirect fixed cost is not associated with the production of canoe , therefore whether or not canoe is produced it will still be incurred either way.

The direct fixed costs are associated with production of canoe hence, they are subtracted.

8 0

1 year ago

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh

Bingel [31]

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

5 0

2 years ago