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3 years ago

WHOEVER ANSWERS THIS IN 2 MINS GETS BRAINLIEST!!

Business

2 answers:

ladessa [460]3 years ago

5 0

Answer:

The benefits are that you will get so much more than you originally did but a drawback would be that if both lands start to go into a state where they cant produce things the other needs then both lands are finished.

Explanation:

Its really all just logic

marta [7]3 years ago

3 0

What are the relative merits of three trade agreements and alliances? WTO governs international trade. NAFTA is with North America. EU is Europe's trading bloc.

Trade agreements are essentially pacts between various countries that allow of trade between them. The trade is constructed and based on setting up tax, tariff and treaty agreements that allow for the participants to have investments within the trade. Two or more countries participate on the terms of their trade agreements which allows them to trade with one another.

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Pls help in accounting

solmaris [256]

Based on the given transactions in July, the journal entry to record the payment of rent on July 31st is:

Date Account Title Debit Credit

July 31st Rent expense $3,000

Prepaid Expenses - Rent expense $3,000

<h3>How to write the journal entry for prepaid expenses?</h3>

Accounting uses the accrual basis which means that expenses are only recognized when they have been incurred and not when they are paid for. If you paid $40,000 for rent and yet your monthly rent is $5,000, only the $5,000 will be recognized as rental expense. The rest of the money is treated as a prepaid expense.

When another month elapses, then the other amount of rent can be recognized as is the case here. The month ended on July 31st and there was a need to record rental expense and so it was recorded at the rent expense of $3,000.

The journal entry would therefore show Rent Expense account is debited and the Prepaid Expenses account is credited to show it is reducing.

Full question is:

Record the journal entry to represent the payment of rent.

Find out more on prepaid expenses at brainly.com/question/27961230

#SPJ1

4 0

1 year ago

When a group provides a collective good or service, ______. select one:

nirvana33 [79]

The group can divide costs to each person providing the good when this group provides a collective good or service. By definition, a collective good or service are considered as goods and services that are provided and are readily available to the community. Examples of these are the health cares provided by the government.

8 0

3 years ago

What is a business plan

WARRIOR [948]

it's a plan that you would like to achieve later with the objective and strategic of business

4 0

3 years ago

Prepare the journal entry to record Jevonte Company’s issuance of 35,000 shares of its common stock assuming the shares have a:

Tanzania [10]

Answer: Please see answer in explanation column

Explanation:

a)journal entry to record Jevonte Company’s issuance at $3 par value and $22 cash per share

Account Debit Credit

Cash(35,000 x $22) $770,000

Common stock, $3 par value(35,000 x 3) $105, 000

Paid-in captial in excess of par value, common stock

($770,000 - $105, 000 ) $665,000

b)journal entry to record Jevonte Company’s issuance at $3 stated value and $22 cash per share

Account Debit Credit

Cash (35,000 x $22) $770,000

Common stock, $3 stated value (35,000 x 3) $105, 000

Paid-in captial in excess of stated value, common stock

($770,000 - $105, 000 ) $665,000

8 0

3 years ago

Assume you sold short 100 shares of common stock at $50 per share. The initial margin is 60%. What would be the maintenance marg

Thepotemich [5.8K]

Answer:

Maintenance margin at $60= $\frac{\$8000-\$6000}{\$6000} =0.333=33.3\%$

Explanation:

Given Data:

Number of shares=100 shares

Cost per share=$50

Initial margin=60%=0.6

Required:

The maintenance margin if a margin call is made at a stock price of $60=?

Solution:

Cost of shares=100*50=$5000

Cost with initial margin=$5000*0.6=$3000

Total cost of shares=$5000+$3000=$8000

Cost of shares at $60=100*60=$6000

Maintenance margin at $60= $\frac{Total\ cost\ of\ shares-Cost\ of\ shares\ at\ \$60}{Cost\ of\ shares\ at\ \$60}$

Maintenance margin at $60= $\frac{\$8000-\$6000}{\$6000} =0.333=33.3\%$

7 0

3 years ago