Office palace, inc., leased an all-in-one printer to a new customer, ashley, on december 27, 2018. the printer was to rent for $600 per month for a period of 36 months beginning january 1, 2019. ashley was required to pay the first and last month's rent at the time the lease was signed. ashley was also required to pay a $1,500 damage deposit. office palace must recognize as income for the lease:
a. $0 in 2017, if office palace is an accrual basis taxpayer. b. $7,800 in 2018, if office palace is a cash basis taxpayer. c. $2,700 in 2017, if office palace is a cash basis taxpayer. d. $1,200 in 2017, if office palace is an accrual basis taxpayer. e. none of these.

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005

Brokers such as paypal benefit online businesses because they do not charge fees like credit cards. they deliver the money to the business immediately. they cannot store credit card numbers. the business does not have to get an account with credit-card companies.