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.
Answer:
D. 180 days
Explanation:
After a tax taking a receiver begin land court proceedings a duration of "<u>180" days</u>. Later a tax collecting, the accountability for acquisition of the offending taxes as well as assessments on those attribute no long-spun relaxes with the Tax Collector, it simply moves to the Treasurer and while a parcel has been in tax claim for <u>180 days</u>, the Town may wish to instate foreclosure on the assets within specific Land Court in Boston.
Answer:
Financing decision
Explanation:
Financing decision is concerned with borrowing and allocating funds for investments.
As such, the decision to borrowed 745,000 dollars and use the fund to build a new restaurant for 745,000 dollars is a financing decision.
Capital Budgeting decision-making process involves plans around any long term capital expenditures whose returns (cash inflows and outflow) are expected to be earned in more than a year.
Its probably C. The other answers are highly unlikely.
Answer and Explanation:
a. The crabs are a Common Good. They means can run out of supply if their use gets too much by society. Therefore, the decline of the Alaska king crab fishery can be explained by stating that the plenty types of boats such as those from California and Japan, has caused people to overfish, excessive fishing has brought about a decline in the supply of crabs.
b. There are 2 ways to avoid this
1. fishing permits have to be sold to the fishermen coming to fish for the crabs. Then the persons with the highest willingness to pay will come and buy the permits to fish.
2. Issuing just a particular amount of permits this would cause the fishermen to trade these permits. These open-market strategies have proved to be effective in organizing economic activity and are good stimulators in an economy.
c. They have been successful because regulations have been placed on fishing by the government. Also, if there are restrictions on other countries using up their spots and Canadians are the only ones fishing salmon, then there will be reduction in the decay rate of the population of the salmon, the salmon can easily repopulate, then Canadians would be able to come back the next year to fish again..
