1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stellarik [79]
3 years ago
7

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $9

75. Fragmental collected the entire $7,800 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:
Business
1 answer:
kenny6666 [7]3 years ago
4 0

Answer:

Debit to Unearned Rent

Credit to Rent Earned for $2,925

Explanation:

Given:

Amount of total rent = $7,800

Computation:

Amount unearned = Amount of total rent (3months / 8 months)

Amount unearned = 7,800 [3/8]

Amount unearned = $2,925

Journal entry:

Unearned rent A/c Dr $2,925

Rent A/c Cr                   $2,925

[Debit to Unearned Rent

Credit to Rent Earned for $2,925]

You might be interested in
LO 8.3When is the direct labor time variance favorable?
ExtremeBDS [4]

Answer:

The correct answer is letter "D": when the actual price is less than the standard price.

Explanation:

Direct labor rate variance compares the existing direct labor costs and normal direct labor costs over the same operating period. Favorable variance in the labor rate can be caused by hiring more unskilled employees, reducing the minimum wage, and incorrectly setting indirect labor costs. Favorable variance takes place when the <em>costs of direct labor are efficient or lower compared to the standard</em>.

4 0
3 years ago
The climate in which jonah lives is mild all year long except during the hotter summer months. for 3 months out of the year, jon
ASHA 777 [7]
If Jonah needs to use 4 portable fans for 3 months out of the year, and the electricity used in one fan costs 1 cent per hour and each fan is used for about 96 hours per month, the total electricity cost for the fans during one year is $11.52.
3 0
3 years ago
Read 2 more answers
Item11 Item 11Item 11 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 390,000 Variabl
sleet_krkn [62]

Answer:

the total contribution margin is $245,700

Explanation:

The computation of the total contribution margin in the case when the sales volume rise by 40% is shown below:

Since the sales volume is rise so the contribution margin is also rise by 40%

Therefore the total contribution margin would be

= Contribution margin × (1 + increased percentage)

= $175,500 × (1 + 0.40)

= $175,500 × 1.40

= $245,700

Hence, the total contribution margin is $245,700

5 0
3 years ago
Paul pierce is busy working with other managers evaluating the products and businesses making up their company. paul is engaged
garri49 [273]

Paul Pierce is occupied assessing the firms and items that make up their corporation alongside other management. Paul is analyzing his Portfolio Analysis.

Portfolio Analysis is one of the areas of investment management that allows market participants to analyze and assess the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of measuring performance on a relative and absolute basis, as well as its associated risks, and also measures how likely it is of meeting the goals and objectives of a given investment mandate. A corporation that sells a variety of goods and services must perform a portfolio analysis on a regular basis. This entails examining each product independently in terms of its profitability, contribution to revenue, and room for expansion. The identification of items that are not at all lucrative or perform poorly within the group is made easier by this study.

To learn more about Portfolio Analysis here

brainly.com/question/28148314

#SPJ4

3 0
8 months ago
In which basic market would stoves be traded?
VashaNatasha [74]

Answer:

<h3>the labor market</h3>

Explanation:

<h2>#carry on learning</h2>
4 0
2 years ago
Other questions:
  • Maria wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacat
    7·2 answers
  • Suppose that the presidents of two auto manufacturing companies exchange text messages in which they discuss jointly raising pri
    8·1 answer
  • in its first month of operations, Waterway Industries made three purchases of merchandise in the following sequence: (1) 370 uni
    11·1 answer
  • 9. Objective of IS security is to ensure
    13·1 answer
  • Company A makes canned tomatoes. The plant operates around the clock and has a long conveyor belt to take the
    8·1 answer
  • The phrase laissez-faire means which of the following?
    9·1 answer
  • Milton Corp. has beginning retained earnings of $800. During the year Milton had $2,000 of revenues and $900 in expenses. Milton
    11·1 answer
  • 1. Kampman Company projects 2019 first quarter sales to be $ 20 comma 000 and increase by 5​% per quarter. Determine the project
    5·1 answer
  • A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
    11·1 answer
  • Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 75,000 63,000 Ratios:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!