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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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Answer:

The answer is 24,904.

Explanation:

Solution

Given that:

Now,

The unemployment rate =( unemployment/labor force) * 100

Thus,

Unemployment  =( unemployment/labor force) * 100

In May 2008, unemployment = (4 * ​ 622,600 )/100 = 2,490,400/100

=24,904

In May 2009, unemployment = ( 7 *  602,000)/100 =4,214,00/100

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So,

Number of employed people = 2009 unemployment  - 2008 unemployment = 42,140 - 24,904

=17,236

Therefore the of unemployed people in may 2008 is 24,904.

3 0
3 years ago
Joint stock companies were organizations meant to establish colonies in the americas by people from
Alex17521 [72]

Answer:

Britain

Explanation:

Once they landed in America, the British set up a joint stock company, which was the start of what we now recognize as a corporation These stocks were marketed to investors with the thought of getting some cash, which created minimal-risk capital.Citizens embraced the idea as there was minimal risk and significant benefit. It really is accurate, therefore, that joint stock companies were organisations planned by the British to create colonies in America.

7 0
4 years ago
Read 2 more answers
Which of the following is a characteristic of a well diversified portfolio?
Bogdan [553]

Answer:

c. very little unsystematic risk.

Explanation:

The first option is wrong because a diversified portfolio can only lockout unsystematic risk which is due to a particular business sector and not the risk emanating from the whole market which is systematic in nature.

The second option is also wrong because systematic risk cannot be diversified away.

8 0
3 years ago
Raul is a financial analyst who oversees the daily financial expenditures for a major big box retailer. on a typical day, raul d
musickatia [10]

To enhance Raul’s well being at work, his manager should arrange Raul’s schedule in means of reducing the time of his work that will have enough time for him to balance home and work and in a way of maintaining his well being at work and his child at home.

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no

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