To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;
- Rent expense is debited, prepaid rent is credited
<h3>Prepaid rent account</h3>
A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.
On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.
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Answer:
The correct answer is letter "E": benchmarking.
Explanation:
Benchmarking refers to a study a company makes of the best performers of its industry in an attempt to identify their strategies so they can be compared to the ones of the firm conducting the research. The comparison aims to spot improvement areas and to adapt the good practices according to the business operations. Benchmarking should be conducted periodically by institutions that attempt to keep up to the pace of leading competitors.
<span>In implementing a lean production system you should work with suppliers to do which of the following? Reduce lead time. In a lean production system, the ultimate goal is to reduce the amount of time wasted on production activities. Maximizing your time allows for more productivity and the work gets completed at a faster rate. </span>
Answer:
Production= 750 units
Explanation:
Giving the following information:
Cook Plus projects sales of 675 10-inch skillets per month.
Cook Plus has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20% of the next month's sales.
TO calculate the production required, we need to use the following formula.
Production= sales + desired ending inventory - beginning inventory
Production= 675 + (0.2*675) - 60
Production= 750 units
The coupons paid by municipal bonds are exempt from federal income tax and from state tax in many states. Therefore, the higher the tax bracket that the investor is in, the more valuable the tax-exempt feature to the investor.
