Answer:
$24,000
Explanation:
Given that
Rent of the building per month = $1,000
On that date, the rent value= $36,000
So, the amount of prepaid expenses would be recognized in two ways
As a current asset
= Rent of the building per month × total number of months in a year
= $1,000 × 12 months
= $12,000
As a non-current asset, it would be
= Total rent - prepaid rent
= $36,000 - $12,000
= $24,000
Answer:
Break-even point in units= 23,250
Explanation:
Giving the following information:
Selling price of $50
Variable costs of $30 per unit
Total fixed costs of $400,000.
Desired income= $65,000
<u>To calculate the number of units to be sold, we need to use the following formula:</u>
<u></u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (400,000 + 65,000) / (50 - 30)
Break-even point in units= 23,250
The best option for her to choose is the one called Anual Compounding. With the rest of the compoundings she will have to pay more money. With a semi-annual rate she wil have to pay almost 1000 dollars more than in an anual compounding. With a quarterly period she will have to pay almost the same amount as a semi-annual period. Now with a monthly period she would have to pay almost 2000 dollars of interest.
As an accountant, the bill of $100 for supplied bought from Walmart shall be verified, and a journal entry shall be made where the Supplies and Inventories shall be debited, and cash shall be credited.
<h3>What is a journal entry?</h3>
A systematic manner of recording the financial transactions of an organization in a chronological way, for the purpose of maintenance of accounting records, is known as a journal entry.
In case when an organization purchases inventories or supplies for cash payment, it is an expense for them, and thus it supplies balance is debited and cash balance will be credited.
Hence, the significance of journal entry for the given transaction shall be made in the manner as given above.
Learn more about a journal entry here:
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The answer to your question is the letter C. Recording the accrual of salaries incurred.