Answer:
a. On September 1, paid rent on the track facility for six months at a total cost of $12,000.
September 1
Dr Prepaid rent 12,000
Cr Cash 12,000
September 30
Dr Rent expense 2,000
Cr Prepaid 2,000
b. On September 1, received $60,000 for season tickets for 12-month admission to the race track.
September 1
Dr Cash 60,000
Cr Deferred revenue 60,000
September 30
Dr Deferred revenue 5,000
Cr Revenue 5,000
c. On September 1, booked the race track for a private organization that will use the track one day per month for $2,000 each time, to be paid in the following month. The organization uses the track on September 30.
September 30
Dr Accounts receivable 2,000
Cr Revenue 2,000
d. On September 1, hired a new manager at a monthly salary of $3,000, to be paid the first Monday following the end of the month.
September 30
Dr Wages expense 3,000
Cr Wages payable 3,000
Answer:
The Whistling Straits Corporation needs 1,498,000 shares to be sold to raise $91 million.
Explanation:
Total Finance Needed = $91,000,000
Offer price per share = $65 per share
Charges of underwriter = 7%
Total Number of shares needed to be sold = ( $91,000,000 / $65 ) x 107%
Total Number of shares needed to be sold = 1,400,000 x 107%
Total Number of shares needed to be sold = 1,498,000 shares
The Whistling Straits Corporation needs 1,498,000 shares to raise $91 million.
Answer:
The classification of the subject in question is mentioned throughout the paragraph below.
Explanation:
- Literacy seems to be a developmental requirement since knowledge and learning require the ability or skills to read and understand. Each body produces to speak and understand skills.
- Upcoming generation, as well as young ones, is incredibly knowledgeable, individuals who could get strong knowledge only need a graduate assistantship.
Answer:
$15
Explanation:
Average fixed cost = Total fixed cost / quantity
Total fixed cost = Total cost - Total variable cost
= $150,000 - $75,000 = $75,000
Average fixed cost = $75,000 /5000 = $15
I hope my answer helps you