Answer:
cost accounting system
Explanation:
The system that is being described is known as a cost accounting system. This system is mainly used by firms in order to estimate the cost of their various products in order to use the information to analyze their profitability as well as their inventory valuation and cost control, all of which are vital to the company's profitable operations when dealing with accounting.
Answer:
The answer is avg cost curve
Explanation:
The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level determined by the lowest point on the avg cost curve
The Federal Reserve System can do all the given options except A. lender of last resort for consumers.
<h3>What does the federal reserve system do?</h3>
The federal reserve system of the United States is the central bank of the nation and as such, they engage in services like check clearing and regulating the money supply.
They also act as a lender of last resort to banks in order to ensure that they don't fail. The Fed does not lend money to consumers directly so this is not one of their roles.
Options for this question:
- A. lender of last resort for consumers
- B. regulation of the money supply
- C. supplying currency
- D. check clearing
Find out more on the roles of the Federal Reserve at brainly.com/question/14417722
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Answer:
A. Debit Unearned rent revenue for $1,200 and Credit Rent revenue for $1,200
Explanation:
The Journal entry is shown below:-
1. Cash Dr, $7,200
To unearned rent revenue $7,200
(Being six month advance rent is recorded)
2. Unearned rent revenue Dr, $1,200
($7,200 ÷ 6 months) × 1 month
To Rent revenue $1,200
(Being rent earned is recorded)
Answer: $7,000
Explanation:
As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.
Department One occupies 2,400 square feet of that space.
Calculating the proportion it occupies is,
= 2,400/12,000
= 20%
Since it occupied 20% of the total space then it should be charged 20% of the rent bill.
= 20% * 35,000
= $7,000
Department One should be charged rent expense for the period of $7,000.
