Suppose you are considering the purchase of a small apartmen…

Suppose you are considering the purchase of a small apartment building. Potential gross income in year 1 is expected to be $120,00. You have estimated that operating expenses and expected vacancy and collection losses for the first year will be $35,700 and $6,000, respectively. No capital expenditures are forecasted. The purchase price of the property is $1,100,000 and you are planning on obtaining a $825,000 mortgage loan with a 4% interest rate that will be amortized over 25 years. What is the debt yield ratio?

The nurse is caring for a client who is receiving fluid repl…

The nurse is caring for a client who is receiving fluid replacement after sustaining burns to 65% of the body. After reviewing the following assessment findings which provider order should the nurse expect for this client? Blood Pressure 80/60 mm Hg Pulse 120 beats per minute Oxygen Sats 90% on 4 liter oxygen Urine Output 18 mL last 1 hour.

Debit corporation borrowed $15,000 from Credit National Bank…

Debit corporation borrowed $15,000 from Credit National Bank on October 31, 2021.  This note was due in 24 months (principal and interest) with an 8% interest rate.  What is the journal entry recorded by Credit National Bank on December 31, 2021 assuming Credit records journal entries annually?  Record your entry as follows: DR (Account Name) $XXXCR (Account Name) $XXX  

Use the following information for Questions 1-4. MacLaren’s…

Use the following information for Questions 1-4. MacLaren’s Pub uses the allowance method for uncollectible accounts and estimates that they will have $40,000 in uncollectible accounts for 2022. They currently report the following balances on December 31, 2022 (before adjusting journal entries).  What adjusting journal entry should MacLaren record on December 31, 2022? Record your entry as follows: DR (Account Name)  $XXXCR (Account Name)  $XXX Debit Credit Cash $40,000 Accounts Payable $50,000 Accounts Receivable $100,000 Sales Revenue $200,000 Allowance for Doubtful Accounts $5,000