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4 years ago

REM Real Estate received a check for $27,000 on July 1 which represents a 6 month

Business

1 answer:

sweet-ann [11.9K]4 years ago

5 0

Answer:

a. Debit Unearned Rent Revenue, $4,500; Credit Rent Revenue, $4,500

Explanation:

When the company receives the $27,000 check for six months of advance rent, it records the unearned revenue in a liability account named Unearned Rent Revenue. The resulting journal entry is:

(Dr) Cash, $27,000

(Cr) Unearned Rent Revenue, $27,000

With the passing of each month, the company earns one-sixth (1/6) of the unearned rent revenue (or $4,500), essentially reclassifying the revenue from unearned to earned. Therefore, after one month, the resulting journal entry is:

(Dr) Unearned Rent Revenue, $4,500

(Cr) Rent Revenue, $4,500

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3 years ago

Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 11 percent, has a YTM of 9 percent, and has

alexandr1967 [171]

Answer:

Results are below.

Explanation:

To calculate the price of each bond, we need to use the following formula:

Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

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Bond Price= 364.16 + 554.91

Bond price= $919.07

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3 years ago

The interest earned on policy dividends is

Mazyrski [523]

The amount in interest is specified in the policy and compounds annually

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3 years ago

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The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of

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Answer:

Answer for question :

The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of return is 17%. What is the expected stock price two years from now. Round the answer to the nearest integer " is as explained below.

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1. the expected stock price two years from now = 3 * 1.065^3/(0.17 - 0.065)

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3 years ago

Please help, will give Brainlest. Explain how a business income statement could help a business owner who is looking for investo

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Answer:

The income statement determines very important information for a business investment proposal such as EBITDA : Earnings Before Interest and Taxes plus Depreciation and Amortization.

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