Answer:
Explanation:
The adjusted journal entry is shown below:
Unearned rent revenue A/c Dr
To Rent revenue A/c
(Being the adjusted entry of rent is recorded)
The computation of the rent revenue is shown below:
= Received amount × number of months ÷ (total number of months in a year)
= $32,400 × (5 months ÷ 12 months)
= $13,500
The 5 months is calculated from August 1 to December 31
Answer:
$5.23
Explanation:
The computation of the recent dividend per share is shown below:
Price of the stock = Dividend per share × (1 + growth rate) ÷ (Required rate of return - growth rate)
$79 = Dividend per share × (1 + 2.8%) ÷ (9.6% - 2.8%)
$79 = Dividend per share × (1 + 2.8%) ÷ 6.8%
So after solving this,
The recent dividend per share is $5.23
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Answer:
EXIT
SUPPLY CURVE SHIFTS LEFTWARD
Explanation:
Answer:
$90,200
Explanation:
The amount of raw materials used in production is computed by;
= Beginning raw materials inventory + Raw materials purchases - Ending raw materials inventory
Given that;
Beginning raw materials inventory = $12,800
Raw materials purchases = $89,600
Ending raw materials inventory = $12,200
Therefore; the amount of raw materials used in production for the year
= $12,800 + $89,600 - $12,200
= $90,200