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Scorpion4ik [409]
3 years ago
13

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $8

00. Fragmental collected the entire $6,400 cash on October 1 and recorded it as unearned revenue. The journal entry made by Fragmental Co. at year-end on December 31 would be______________.a. A debit to Rent Revenue and a credit to Cash for $2,400.b. A debit to Rent Revenue and a credit to Unearned Rent for $2,400.c. A debit to Cash and a credit to Rent Revenue for $6,400d. A debit to Unearned Rent and a credit to Rent Earned for $2,400.e. A debit to Unearned Rent and a credit to Rent Earned for $4,000.
Business
1 answer:
Georgia [21]3 years ago
4 0

Answer:

A debit to Unearned Rent and a credit to Rent Earned for $2,400

Explanation:

When cash is collected in advance for revenue from lease, the revenue will not be recorded as revenue until the lease service has been performed. Hence the cash collected in advance will be recorded as

Debit Cash  $6,400

Credit Deferred revenue  $6,400

Being cash collected on October 1 for lease to run for 8 months.

Between October 1 and December 31 is 3 months.

Hence, amount earned

= $800 × 3

= $2,400

To recognize this amount, Debit Unearned/Deferred revenue, credit revenue with the amount earned.

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The marginal seller is the seller who
trapecia [35]

Answer:

b. would leave the market first if the price were any lower.

Explanation:

In the market, the producer always sells more than the economic cost ( raw materials and labor cost) that he bears during production. The marginal seller means that the seller earns zero economic profit ( producer surplus) i.e. an economic cost equals the selling price. So if the price falls then the marginal seller would leave the market first because he will be indifferent when earns the zero economic profit but when the price falls he would leave the market.

3 0
2 years ago
A portfolio with a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%. This portfolio had
jarptica [38.1K]

Answer: 0.3

Explanation:

The Sharpe ratio is simply used by organizations and investors in order to compare the return on an investment to its risk.

From the question, we are informed that a portfolio has a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%.

The Sharpe ratio will be:

= (15% - 6.0%)/30%

= 9%/30%

= 0.09/0.3

= 0.3

4 0
3 years ago
Which of the following institutions employs scientists?
erastova [34]
The best and most correct answer among the choices provided by your question is all of the above.

All of the institutions in the given employ scientists.


I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
4 0
3 years ago
Unencrypted information is
sergiy2304 [10]

Answer:

likely to be stolen and abused.

Explanation:

Uninterrupted information is a type of data that presented in a way that is understandably for most people (such as plain text).

When storing your information online with encrypted information, you make your data become easily  identified, viewed and accessed by hackers. To prevent this from happening, you need to mask the data using encryption algorithms. This will make it really hard for a third party to decrypt your information and prevent it from being stolen.

3 0
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Automated tasks      
 
 
 
 
 
 
 
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4 0
3 years ago
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