Answer:
balance in the Prepaid Rent account as of April 30 is $10800
Explanation:
given data
rent office = $5,400 per month
rent paid = 6 month i.e January 1 to June 30
to find out
balance in the Prepaid Rent account as of April 30
solution
we know here that Period Expired till April 30 = 4 months ( January 1 to April 30)
and
so Period Balance = 2 Months ( May 1 to June 30 )
so Prepaid Rent is = Balance Period × Rent per month
Prepaid Rent = 2 × 5,400
Prepaid Rent = $10800
so balance in the Prepaid Rent account as of April 30 is $10800
Answer:
b. Dividends and a credit to Dividends Payable for $824,000
Explanation:
Dividends payable = 2,060,000 shares * $0.40 per share = $824,000
Journal entry on February 16
Dividends $824,000
Dividends payable $824,000
Answer:
The correct answer is letter "B": Establish a sense of urgency by creating a compelling reason for why change is needed.
Explanation:
American educator John Kotter (born in 1947) in his book "<em>Leading Change</em>" (2011) proposed an eight-step method to generate change within an organization. The first of them is to Create Urgency, where potential risks are identified, and scenarios that illustrate what might happen in the future are created. Also, honest discussions are carried out to offer diverse and compelling reasons of why the change is needed.
Answer:
b) $12 million
Explanation:
The new Book Value of the firm at the bigining of next year is $12 million.
In the calulation of Net Pfofit, Interst on loan has already been deducted, so deducting it from the total calculation will be wrong.
hence, only dividend paid will be removed from the addition of the Book Value anf the Net profit.
Closing balance = Opening Book Value + Net Profit - Dividend Paid
Note - The Net Profit is already ne of interest on loan.
Closing balance = $10 + $5 - $3
Closing balance is $12
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