How did McDonald's economy rise?

The idea that some basic businesses such as steel mills, coal mines and utilities, should be owned and controlled by the governm

TiliK225 [7]

False

I’m pretty sure that’s the right answer

6 0

2 years ago

On March 1, it was discovered that the following errors took place in journalizing and posting transactions:

kaheart [24]

Answer:

a. Reversal entry:

Debit Rent expense $4,650

Credit Miscellaneous Expense $4,650

Correct Entry:

Debit Rent expense $4,650

Credit Cash $4,650

b. Reversal entry:

Debit Accounts payable $3,700

Credit Cash $3,700

Correct Entry

Debit Cash $3,700

Credit Accounts Receivable $3,700

Explanation:

Reverse entry is to simply close to zero the original entry that has been made in mistake. Afterwards, record the correct entry to properly account the transaction.

To reverse the previously made entry, we simply debit what is credited and debit what is credited.

a. We need to close the rent expense credited by debiting it and credit the miscellaneous expense that is previously debited to zereod out the mistake recording. Then to record the correct entry, Debit Rent expense and Credit Cash at the amount $4,650

b. Just ike what we did on the previous transaction, we will debit the Accounts payable and credit the cash that has been recorded by mistake to zereod out the balance and then make the correct entry. Debit Cash $3,700 and credit Accounts receivable $3,700.

5 0

3 years ago

A large hospital is having a hard time keeping track of patients' needs as they move among doctors, pharmacies, blood labs,

Goshia [24]

Answer:

Give patients RFID tags to identify their medical records.

Explanation:

3 0

3 years ago

If Nadia is wondering about the best way to get her metal sculpted art into a customer's hands, what area of the marketing mix d

Alex73 [517]

Answer:

place

Explanation:

If it is in the right location like an art store then somebody will intentionally buy it because it is at an art store and it is art

6 0

3 years ago

An apartment building contains twenty units. Each unit rents for $900 per month. The vacancy rate is 5%. Annual expenses are $17

expeople1 [14]

Answer: 12.48%

Explanation: Rate of Return (RoR) refers to the net profit or loss on an investment over a specified period expressed as a percentage of the investment's initial cost.

Number of apartment = 20

Monthly rental = $900

Vacancy rate = 5%

Annual expenses :

$17,500 - maintenance fee

$7,200 - Insurance

$7,500 - taxes

$6,400 - utilities

$7,500 - mortgage debt

10% of gross effective income- management fee

$1,170,000 - initial investment.

Gross income = 20*$900*12 = $216,000

Vacancy rate = 0.05*$216,000 = $10,800

Effective gross = gross income - Vacancy rate = $205,200

Management fee = 0.1 * $205,200 = $20,520

Total annual expenses = $20,520+$7,500+$7,200+$6,400+$17,500 = $59,120(excluding mortgage debt)

Net profit / loss = effective gross income - total annual expenses.

Net profit /loss = $205,200-$59,120 = $146,080.

RoR = Net profit/loss ÷ initial investment

RoR = ($146,080 ÷ $1,170,000) * 100

0.1248 * 100 = 12.48%

7 0

4 years ago