All categories

3 years ago

As Prepaid Rent is used, the asset becomes a/an

Business

2 answers:

Tju [1.3M]3 years ago

8 0

The correct answer is the letter B. Expense

melamori03 [73]3 years ago

6 0

As prepaid rent is used, the asset becomes a liability.
Liability because it becomes the responsibility of someone who uses the prepaid. Since the prepaid rent was used, it needs money to be able to pay them. It becomes the responsibility for someone to be able to use his money to pay the prepaid rent that was used.

You might be interested in

Year 1 Year 2 EBITDA $7,650 $9,150 Total value of equity $76,500 $82,500 Total firm value $99,450 $132,000 What is value of the

Tju [1.3M]

Answer:

$5.59

Explanation:

Calculation to determine the value of the entity multiple of Company X in Year 1

Using this formula

Entity multiple=Market value / EBITDA

Let plug in the formula

Entity multiple=$99,450/$17800

Entity multiple=$5.59

Therefore the value of the entity multiple of Company X in Year 1 will be $5.59

5 0

3 years ago

The majority of products that we purchase in America are produced where?

const2013 [10]

The answer is: by cheap foreign labor

Currently, most of the corporations that operates in america manufacture their products in countries such as China, india, indonesia, phillipines, or Eastern European countries.

People who live in those countries typically have lower standard of living. Because of this, they can agree in receiving salary that are considerably lower compared to the minimum wage in united states.

5 0

3 years ago

Read 2 more answers

pany is considering the purchase of a new bubble packaging machine. If the machine will provide $15,000 annual savings for 12 ye

finlep [7]

Answer:

Present Value= $74,018.97

Explanation:

Giving the following information:

The machine will provide $15,000 annual savings for 12 years and can be sold for $48,000 at the end of the period.

Interest rate= 15%

To determine the present value of the savings, first, we need to determine the future value at the rate provided.

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual save

FV= {12,000*[(1.15^12)-1]}/ 0.15

FV= 348,020 + 48,000= $396,020

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 396,020/1.15^12= $74,018.97

4 0

3 years ago

Sweet manufacturing is planning to sell 400,000 hammers for $6 per unit. the contribution margin ratio is 20%. if sweet will bre

mestny [16]

At the break-even point, the total sales and the total cost is said to be equal. Therefore, there is no profit or loss. We set up the equation as follows:

Profit/Loss = (Unit Contribution Margin) (Units) - (Fixed Costs) = 0

Unit contribution margin is (0.20)(1.50) = 0.30

Substituting the known values gives;

0 = (0.30)(400,000) - FC

FC = (0.30)(400,000)

FC = $120,000

Therefore, the total fixed costs would $120,000.

5 0

3 years ago

A manager is applying the Transportation Model of linear programming to solve an aggregate planning problem. Demand in period 1

DanielleElmas [232]

Answer:

125 (hours)

Explanation:

Remember, the Linear programming model is simply a technique used to optimize a particular set of processes.

Note the statement from the question, "the manager has 125 hours of regular employment available for $10/hour each period." Which means this would form part of the constraints of the linear programming model.

In other words, the number of total hours available in period 1 is 125 hours.

7 0

2 years ago