An apartment building has potential gross annual income of $50,000. the vacancy factor is 5%. the maintenance expenses are $1,000 per month. the property taxes are $3,500 per year. the insurance is $2,500 per year. the reserve account is built at a rate of $200 per month. the mortgage payments are $1,500 per month. if the value of the building is $338,750, what is the capitalization rate?

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.