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Akimi4 [234]
3 years ago
5

If the prepaid rent account before adjustment at the end of the month has a debit balance of $2,800, representing a payment made

on the first day of the month, and if the monthly rent was $700, the amount of prepaid rent that would appear on the balance sheet at the end of the month, after adjustment, is_________.
Business
1 answer:
vampirchik [111]3 years ago
7 0

Answer:

$2,100

Explanation:

Data provided in the question

Prepaid rent account before adjustment at the end of the month = $2,800

And, the monthly rent is $700

So, the amount of prepaid rent after adjustment is

= Prepaid rent account before adjustment at the end of the month - the monthly rent

= $2,800 - $700

= $2,100

Basically we deduct the monthly rent from the prepaid rent balance before adjustment

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<h3>The types of business strategy.</h3>

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In Business management, it is very important for excellent business thinkers to identify and articulate key business questions and problems that have the potential of affecting a business.

Read more on business strategy here: brainly.com/question/17130109

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Complete Question:

In the course of creating an effective business message, excellent business thinkers are most likely to Multiple Choice

begin jotting down a rough draft right away to capture their ideas.

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6 0
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A reasonable business owner should purchase insurance to cover a possible
Vsevolod [243]

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c

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A. The menu prices at restaurants in New Buffalo, Michigan, a small lakeside town, increase during the summer months and decline
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Answer:

Which of the following are examples of collusion? Choose one or more:

Explanation:

Answer: C, and E

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Option A: This is not collusion, since all the owners are involved.

Option B: This is not collusion, since increasing productivity is the normal process.

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Option D: This is not collusion, since all the gas stations are involved.

Option E: This is collusion, since only dominating firms deceive the industry by increasing prices.

4 0
3 years ago
A fast-food company spends millions of dollars to develop and promote a new hamburger on their menu only to find that consumers
Zolol [24]

Answer:

C. Pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost.

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As they have already spent millions of dollars to develop and promote a new hamburger on their menu and they have come to a conclusion that consumers are not going to buy their hamburger because they did't like the taste. From an economic perspective, the company should pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. They should not continue wasting and putting more time and efforts into the project, if they continuing doing so then it will termed as an escalating commitment which is the the tendency of organizations to invest time and money in a solution despite strong evidence that is not appropriate. It occurs when one person does not stop putting and allocating resources, time and efforts to a failing project or plan or action. For example, if we continue working for the employer which we do not like, companies continue to invest in a technology which is no longer needed or is going to be eroded in the very near future etc. Here they should take off it from the menu and treat its cost as a sunk cost which is not going to be recovered in any way.

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