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KengaRu [80]
2 years ago
8

As the property manager, galena places advance rental funds in an interest-bearing account for her landlord. which of these must

she also do?
Business
1 answer:
Elden [556K]2 years ago
8 0

She must deposit the advance rental money in an account with at least $15 of the landlord's own money.

In a lease arrangement, the term "rental advance" refers to the initial, lump-sum payment of rent paid by the tenant (lessee) to the lessor (lessor). The monthly rent that the lessee is required to pay is then subtracted from this lump sum figure.

By debiting the cash account and crediting the unearned rent, the business can record an entry in the ledger for rent that was received in advance. Advance rent is a liability account with a credit-side balance as its default setting. The balance sheet's assets and liabilities grow by the same amount as a result of this journal entry.

Learn more about advance rental money here

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A​ well-established automobile dealership just hired you as an intern in the back office. Since you​ started, you have disco
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Answer: marketing plan

   

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It helps an organisation to effectively perform its marketing activities as it outlines the sources , methods and timing of how it will be performed. Thus, in the genitive case, company should make a marketing plan by which they can aware their customers and can increase their market share.      

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2 years ago
The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable
Irina18 [472]

Answer:

A. Reset the temporary accounts and update retained earnings.

Explanation:

This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.

Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.

4 0
3 years ago
If an individual orders an alcoholic beverage in a private club, what is the first question the server should ask?
Free_Kalibri [48]

Answer

He should ask him/her whether is a member and ask for a membership card.

Explanation

Membership cards are small cards that are used by or within a certain organisation for the purpose of verifying whether a person is a valid member of that organisation or club or whichever type of a group it is . For one to have a membership card you have to pay a certain amount of money as a membership fee to that organisation. The fee might be annually regarding to the terms of that organisation.

3 0
4 years ago
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how is a functional structure or unitary structure organized? A. With a central executive handling all major decisions B. To lig
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Answer: Into functional departments, with departmental managers who report to the CEO and small corporate staff

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