the answer to this question is 4.70%
We need to see the article to give the best answer, but the closest choice would be <u>D.</u>
Giving both sides of the story is one way to avoid bias (aka favoring) toward one side.
Answer:
Rent expense (Dr,) $9,800
Prepaid Rent $9,800
Explanation:
The accrual concept of accounting requires us to record the expenses in a period in which they are incurred rather than when cash is paid. When the company paid advance rent of six months at the end of October, it will record a current asset (Unexpired resource) on the face of balance sheet. At the end each accounting period, it is required to expense out the resources (benefits) that are expired (utilized). This can be done through straight-line method. So, on December 31, 2019, the rent expense of two months that is of November and December should be charged to profit and loss statement in-order to record the expense of related period.
<u>Workings</u>
Rent expense per month = 29,400 / 6 = $4,900.
⇒ Rent expense of two months = 4,900 * 2 = $9,800.
This amount should be written off and the required adjusting entry is:
Rent expense (Dr,) $9,800
Prepaid Rent $9,800
Annual depreciation is
Cost of equipment÷useful life
1.2m÷4 years=0.3m
The average contribution to net income across all four years is
0.5m−0.3m=0.2m
The answer is 0.2m
Answer:
The answer is option C) Many writers have stated that for strategic objectives to be effective, they should be measurable - to track progress
Explanation:
Many writers have emphasized the need to make SMART strategies.
In other words, there’s a need for specific, measurable, achievable, realistic and timely.
Therefore, developing a prioritization of projects to ensure the high priority ones have the proper resourcing to ensure success requires a high involvement and commitment to track progress.
The high level of involvement of employees ensures that they understand the strategic plan. It increases their level of commitment to ensure the strategy is successfully executed because they understand how their work and the work they’re completing on the project helps the organization to realize some or all of one of their key strategies.
