Answer:
C. Debit Unearned Rent Revenue, $4740; Credit Rent Revenue, $4740.
Explanation:
When money is collected in advance for service yet to be rendered, we credit unearned revenue and debit cash. As the service becomes rendered, we debit unearned revenue with the amount earned and credit revenue.
Since the money was received on 1 July and the Financial statements will be prepared on July 31, by the date of the preparation, the company has earned 1 month rent. This rent is equivalent to
= $28440/6
= $4760
Hence the adjusting entry on July 31 will be
C. Debit Unearned Rent Revenue, $4740; Credit Rent Revenue, $4740.
Answer:
Present Value = Future Value / ( 1 + interest rate) ^ years
1. Present Value = 15,251 / ( 1 + 7%)¹³
= $6,328.62
2. Present value = 49,557 / (1 + 13%)⁴
= $30,394.24
3. Present value = 884,073 / ( 1 + 14%)²⁹
= $19,780.96
4. Present Value = 548,164 / (1 + 9%)⁴⁰
= $17,452.22
Option c.) is more elastic than the demand curve facing a perfectly competitive firm as the demand curve or the AR curve of a perfectly competitive firm is parallel to the horizontal axis, perfect elastic is the correct answer.
This means that the company does not control the price. The company assumes a price and sells the quantity of the product at that price. In a perfectly competitive market, a single firm faces a demand curve with infinite elasticity. In a perfectly competitive market, firms do not fix prices, but choose levels of production at which marginal costs equal market prices.
Under conditions of perfect competition, a firm can sell any quantity of goods at the prevailing price, so the firm's demand curve is perfectly elastic. So even a small price increase will result in zero demand. This suggests that the company does not control prices.
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Answer:
Borrowed amount = $5417
Explanation:
Discount note = 4%
This means that Kaylee has 100 - 4 = 96% of the borrowed amount at hand
Cash at hand = $5,200
Let the borrowed amount = X
Cash at hand = 96% of X
5200 = (96/100) * X
X = (5200 * 100)/96
X = $5417
Borrowed amount = $5417
Answer:
The correct answer is letter "E": drive.
Explanation:
Following the ideas of Sigmund Freud (1856-1939), the father of Psychoanalysis, a drive is a motivation caused by the pressure of satisfying an urgent need. Some use the term "<em>need</em>" to describe the situation above but there is a differentiation made with "<em>drive</em>" describing the latter as the psychological manifestation and the first as the state of not having something vital.
