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3 years ago

The entry to record the expiration of part of the prepaid rent expense will?

Business

1 answer:

borishaifa [10]3 years ago

3 0

Decrease the total assets and increase the total expenses.

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Under a periodic inventory system:____________.

anyanavicka [17]

Answer:

1. accounting records continuously disclose the amount of inventory.

Explanation:

The periodic inventory system is the accounting method of calculating the value of inventory at the end of a specified period of time. Under this system, updates are made on a periodic basis rather than after every sale or purchase of inventory. It continuously tracks the record of inventory by physically counting the inventory and the cost of inventory is calculated by using the inventory calculation method, such as FIFO, LIFO, and weighted averages.

7 0

3 years ago

You are given the following long-run annual rates of return for alternative investment instruments: U.S. Government T-bills 3.10

Dvinal [7]

Answer:

The real rate of return is 0.10%

Explanation:

For computing the real rate of return, we need to apply the formula which is shown below:

( 1 + nominal rate) = ( 1 + real rate) × (1 + inflation rate)

So,

The real rate = {(1 + nominal rate) ÷ (1 + inflation rate)} - 1

= ((1 + 3.10%) ÷ (1 + 2%)} - 1

= (1.031 ÷ 1.02) - 1

= 1.0107 - 1

= 0.10

The Government T-bills is only the nominal rate so we considered this only

5 0

3 years ago

Under Armour (UA) opened a 15,000-square-foot store in Shanghai, China, which is its largest international brand store location.

Alexandra [31]

Answer:

It represents the strength of the company.

Explanation:

The reason is that strengths are the resources or uniqueness of the company that are used to oppose threats and exploit opportunities. The biggest store in Shanghai is the uniqueness of the company, so it represents its strength.

4 0

3 years ago

Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets an

yKpoI14uk [10]

Answer:

A. $91,770

Explanation:

The direct materials in the flexible budget for October:

Cost = Variable Cost + Fixed Cost

Variable Cost = Actual level of activity*Direct material Variable element per unit = 6,650 units * $13.80 = $91,770

Fixed Cost = $0

So, the direct materials in the flexible budget for October = $91,770 + 0 = $91,770.

4 0

3 years ago

A group of 10 people have the following annual incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000,

gogolik [260]

Answer:

48.65%

Explanation:

Given Income are written in increasing order

First Quintile 10,000 12,000

Second Quintile 16,000 18,000

Third Quintile 24,000 24,000

Fourth Quintile 36,000 50,000

Fifth Quintile 80,000 100,000

Total Income % share

First Quintile 10,000 12,000 22,000 5.95

Second Quintile 16,000 18,000 34,000 9.19

Third Quintile 24,000 24,000 48,000 12.97

Fourth Quintile 36,000 50,000 86,000 23.24

Fifth Quintile 80,000 100,000 180,000 48.65

Total income in the economy 370,000 100%

The percentage of the total income of the highest quintile is 48.65%

4 0

2 years ago