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]
4 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]4 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
what are some things that allow people to communicate without having to be in the same area (economics)
uranmaximum [27]

Explanation:

Science has made huge progress in every field. If we talk about the ways of communication between people who are not in the same area, it was considered insane few years back; but now this is a reality that people who are not at the same place can communicate with each other just like they are sitting in front of each other.

There are different methods or ways through which people who are not at the same place can communication easily.

The most simplest and conventional method is the use of Telephone. But now, with the progress in Technology and with the use of Internet, there are a lot of communication devices that uses different apps to talk to each other. They are used to talk either through the audio or with the Video as well. Using your mobile phone, or laptops, or other communication gadgets, you can even see the other person while talking to him. So Telephones, Telegraphs, Internet, Cell phones, etc are used to communication without having to be in the same area.

3 0
3 years ago
In the movie 9 to 5​, Maria Delgado worked mornings and her​ sister, who came in a few minutes before Maria​ left, worked the sa
labwork [276]
This type of flexible work arrangement is known as SHIFT.
In shift arrangement, the hours in the days are often divided equally into night and day sections, which are handle by different employees. Sometimes, a day work may be divided into three shift depending on the policies of the concerned company.

3 0
3 years ago
Read 2 more answers
See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased add
RoseWind [281]

Answer:

The net impact on the income will be 2,795,000 each year

Explanation:

The purchase will generate the followng:

4.3 depreciation expense

and a tax shield, as this expense decrease the net income:

depreciation x tax-rate = tax-shield

4.3 x 35% = 1.505 millions

total impact on net income:

depreciation expense - tax shield

4.3 - 1.505 = 2.795‬ millions net impact

4 0
3 years ago
Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will gener
dexar [7]

Answer:

3.17

Explanation:

Expected earnings per share = (15%x2.40)+(60%x3.10)+(25%x3.80)

4 0
3 years ago
what does it mean to do a good job of managing human resources in, for instance, a hospital? What activities are involved, and f
Fynjy0 [20]

Answer: When workers are given the best working conditions a company can afford.

Explanation:

A good job is done in Human resource management in an organization when it has ensured that staff are given the best working conditions the company can afford. In a hospital for instance, where the staff population is mainly made up of nurses and doctors, an approach can be done to give the workers quality working conditions such as:

1.) Effective work shift, to avoid overstressing employees.

2.) Workers paid adequately and on time.

3.) Granting workers seasonal leaves for rest.

4 0
4 years ago
Other questions:
  • Select the incorrect statement regarding the relationship between cost behavior and profits.
    5·1 answer
  • Megan is 5 years older than Sandy. If four years ago Megan was three years less than three times Sandys age, how old is Sandy no
    12·2 answers
  • A _____________________ is created during the first half of the sprint planning meeting and a _________________ is created durin
    10·1 answer
  • g Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley issued $20,000,000 of five-
    15·1 answer
  • How are profits and losses calculated? What is the difference between economic profit and accounting profit?
    13·1 answer
  • Tara purchased a machine for $40,000 to be used in her business. The cost recovery allowed and allowable for the three years the
    15·1 answer
  • Now that you are successful in your new position, you have decided to reward yourself with a new (or new to you) vehicle. Source
    9·2 answers
  • Which of the following directly generates revenue for a business?
    10·2 answers
  • Certify Completion Icon Tries remaining:3 Suppose that you and a friend are playing cards and you decide to make a friendly wage
    8·1 answer
  • 40 points easy question
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!