Answer:
Correct option is D.
Unearned Rent Revenue Dr. $16,000
Rent Revenue $16,000
Explanation:
Provided that rent is received for a period of 1 year that is 12 months on May 1, 2010 amounting $24,000
Thus rent per month = $24,000/12 = $2,000 per month
Provided financial year = Calendar year
thus for the year 2010 rent revenue = 1 May to 31 December = $2,000 
8 = $16,000
Since revenue = $16,000 for the year and initially was recorded as unearned rent thus for the year $16,000 should be transferred to rent revenue.
For this entry shall be:
Unearned Rent Revenue Dr. $16,000
To Rent Revenue $16,000
Correct option is D.
Mayonnaise is delicious, agree? Yes indeed.
Answer:
<em>Purchasing power parity (PPP): </em>The principle suggests that if the purchasing powers are the same in two different countries, their exchange rates would be in equilibrium.
<em>Happening:</em> When inflation occurs in the US and it occurs more rapidly than in other nations, the currency, the dollar, will be less attractive to other nations. This means that the dollar's exchange rate with the currency of another nation will increase.
Explanation:
Suppose the rate of exchange between pound and dollar is 1 pound= 1.5 dollar before inflation. When inflation happens it may be 1 pound= 2 dollars.
If it has greater buying power, the currency will be demanded more. The US dollar was more requested before inflation, as 1 pound is spent on buying just $1.5. When inflation occurs, the dollar's buying power goes down and it gets less needed. 1 pound is already being spent on that time but to buy more dollars, 2 dollars.
Answer:
c. Return on Assets
Explanation:
The net income usually has an impact of interest expense since interest expense is deducted from earnings before interest and tax in arriving at net income.
Hence, in order to take out the impact interest expense when computing return on assets, an adjusted net income known as de-levered net income is computed using the below formula:
Net Income + (1-t)xInterestExpense
Answer:
Expound, cajoled, inscrutable, acrimony, exult, harry, fluctuate
Explanation:
Word banks
Fill in the blanks using these words: fluctuate, cajole, expound, acrimony, exult, inscrutable, metier, and harry.
Councilwoman moore stepped up to the podium. "i don't think i need to expound upon reasons for voting against the proposed construction; i thought that the message was clear enough at the last meeting--when you all opposed it as well. obviously, someone has cajoled a few of you into changing your opinion since last month, and your sudden, inscrutable decision to yield to beta-rad enterprises bothers me a great deal. what happened to the surplus of acrimony toward beta-rad from the last meeting? don't you remember how we exult in our victory over the radioactive waste dump? for two years, we've listened to beta-rad executives harry us, and we finally had the chance to stop it for good. how could the opinions of fifteen people possibly fluctuate this much?"
word bank:
