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nataly862011 [7]
3 years ago
5

Bramble Corp. received a check for $17640 on July 1, which represents a 6-month advance payment of rent on a building it rents t

o a client. Unearned Rent Revenue was credited for the full $17640. Financial statements will be prepared on July 31. Bramble's should make the following adjusting entry on July 31:_______.
a. debit Unearned Rent Revenue, $2,500; credit Rent Revenue, $2,500.
b. debit Rent Revenue, $2,500; credit Unearned Rent Revenue, $2,500.
c. debit Unearned Rent Revenue, $15,000; credit Rent Revenue, $15,000.
d. debit Cash, $15,000; credit Rent Revenue, $15,000.
Business
1 answer:
natta225 [31]3 years ago
8 0

Explanation:

The adjusting entry is shown below:

Unearned rent revenue Dr $2,940

         To rent revenue $2,940

(Being the unearned rent revenue is recorded)

The computation is shown below

= Advance payment ÷ given number of months

= $17,640 ÷ 6 months

= $2,940

This $2,940 represent the one month payment and the same is to be recorded

This is the answer and the options that are given are wrong

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A group of businesspeople meet in order to solve the problem of decreased sales of their company's products. One of them suggest
san4es73 [151]

Answer:

Brainstorming

Explanation:

Brainstorming is problem solving technique in which people of diverse skill gather together and discusses together the problem to collectively design best possible solution.  

In brainstorming following steps are followed

• Each one come up with their ideas and solution

• All ideas and solution are accepted and not criticized.

• Best possible ideas are selected out of them

• They are modified by refining and combining them

• Finally best alternative solution is unanimously selected by all

Brain storming is done to  

• Generate sense of collective responsibility and accountability

• Encourage creativity and design thinking

• Foster unity and group learning

Since in the problem statement all the step of brainstorming is being followed like meeting of group of people, coming up with different ideas .

Answer should be brainstorming

7 0
4 years ago
The blurring of lines between the state and a special interest group in which a close alliance develops is called
jeka57 [31]

Answer:

a. co-optation

Explanation:

Co-optation means the things could be taken out or are considered for the new or the different motive

Since the lines are burried and lies between the state and the special interest group in which the close alliance are created so this is we called as the co-optation

Therefore the same should be considered

3 0
3 years ago
What is the south african government providing and for whom ?
Goryan [66]
Welfare payment is an amount of money that is paid by the government to someone who is ill,poor. Consumer subsidies is a grant assistance given by one part for support welfare payment is the amount of money paid by the goverment regularly to assist the people of the country . it can be in a broader and narrower sense. narrower sense reffers to the needy, ill, and poor(social grant). the broader refers to everyone(public goods)
4 0
3 years ago
You are given the following cost​ data: q TFC TVC 0 11 0 1 11 12 2 11 22 3 11 34 4 11 48 5 11 64 6 11 82 1. If the price of outp
pashok25 [27]

Answer:1 ) 6 units of output,( 2) Total revenue is $90, (3) Total Cost is $93

Explanation:

Q TFC TVC. TC

$ $ $

O 11 0 11

1 11 12 23

2 11 22 33

3 11 34 45

4. 11 48 59

5 11 64 75

6 11 82 93

To calculate the total cost

TFC + TVC = Total Cost

11 + 0 = 11

11 + 12 = 23

11 + 22 = 33

11 + 34 = 45

11 + 48 = 59

11 + 64 = 75

11 + 82 = 93

The total cost is $93

To calculate the Total revenue

Price × Quantity

Since price = $15, Quantity = 6 unit

15 × 6 = 90

Total revenue = $90

The firm will produce 6 units of output

6 0
4 years ago
ouvenir sheets to stamp collectors. The postal service purchases the souvenir sheets from a supplier for $1.80 each. St. Vincent
alekssr [168]

Answer:

Total contribution margin= $1,220,000

Explanation:

Giving the following information:

Purchase price= $1.8

Selling price= $14

Number of untis= 100,000

<u>First, we will determine the unitary contribution margin:</u>

Unitary contribution margin= selling price - unitary variable cost

Unitary contribution margin= 14 - 1.8

Unitary contribution margin= $12.2

<u>Now, the total contribution margin:</u>

Total contribution margin= 100,000*12.2

Total contribution margin= $1,220,000

7 0
3 years ago
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