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zvonat [6]
3 years ago
10

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $9

75. Fragmental collected the entire $7800 cash on October 1. The entry on October 1 is: ______________________.
Business
1 answer:
Leviafan [203]3 years ago
3 0

Answer:

Debit cash $7800

Credit unearned revenue $7800

Explanation:

The amount of $7800 was received in cash on October 1. Therefore, the cash account will be debited with the $7800 received.

The corresponding credit entry of $7800 will be to the unearned revenue account since the revenue has not been earned. Revenue will be earned at the end of each month of the lease. This account will subsequently debited each time the revenue is earned i.e at the end of each lease month.

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Corey has two jobs offers for sales jobs. For job A, he would earn a monthly salary of $2,500 and no commission. For job B, he w
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Answer:

job B

Explanation:

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A company has a $20 million portfolio with a beta of 1.2. It would like to use futures contracts on a stock index to hedge its r
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Answer: 88.89 or 89

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Future value(A) = index price × multiplier

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N = 24000000 ÷×270000

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7 0
3 years ago
Today's workers are referred to as __________ and they use BI along with personal experience to make decisions based on both inf
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3 years ago
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Explanation:

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