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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.

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Summarize the effect of credit card interest on thermal cost of items

Mice21 [21]

Answer:

Interest Rates

The first factor is the most obvious: the interest rate. Naturally, a low rate will cost you less—our numbers indicate a $10,000 balance with a 5.9% interest rate will cost $10,637 in total if paid off in 2 years.

That may not sound too bad, but bear in mind that 5.9% interest is extraordinarily difficult to get these days. Even people with excellent credit scores will likely pay “double digit” interest rates of over 10%. And if you’re paying a more typical 12.9% in interest on that same $10,000, you’ll pay a total of $12,797 over the same 2 years.

Hope I Helped

From Google

3 0

3 years ago

The Affordable Care Act provides that individuals and families may take a tax credit called the ______ to help them purchase hea

scZoUnD [109]

The Affordable Care Act provides that individuals and families may take a tax credit called the Health Insurance Premium Tax Credit to help them purchase health insurance.

<h3>What is Affordable Care Act? </h3>

The Affordable Care Act was enacted to reduce the cost of health insurance coverage for people who qualify for it.

The law of the Affordable Care Act make provision for premium tax credits and cost-sharing reductions to help the lower-income group.

Hence, the Act provides that individuals and families may take a tax credit called the Health Insurance Premium Tax Credit to help them purchase health insurance through a health insurance exchange.

Therefore, the Option C is correct.

Read more about Affordable Care Act

brainly.com/question/15003073

7 0

2 years ago

You want to invest $18,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that

insens350 [35]

Answer:

The correct solution is "6.09%".

Explanation:

Given:

Nominal rate,

= 6%

or,

= 0.06

As we know,

⇒ $EAR = [(1+\frac{APR}{m} )^m]-1$

By substituting the values, we get

$=[(1+\frac{0.06}{2} )^2]-1$

$=[(1+0.03 )^2]-1$

$=1.0609-1$

$=6.09$ (%)

3 0

2 years ago

What is $5.30 reduced by 10%

Yuki888 [10]

To get this answer you can simply move the decimal over one.

Or you can multiple 5.30 *0.10 = 0.53

So you can then subtract 0.53 from 5.30 to get the answer of:

$4.77

7 0

3 years ago

Read 2 more answers

Janice really likes potatoes. Potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other i

fiasKO [112]

Answer:

A) Janice will purchase 3 pounds of potatoes since she will buy them until her consumer surplus ≤ 0. The fourth pound of potatoes costs $1, and Janice is willing to pay only $0.30, so her consumer surplus s negative (-$0.70).

Consumer surplus is the difference between the price that a customer is willing and able to pay for a good and the good actual price.

B) If Janice only had $2 to spend, she would buy 2 pounds of potatoes, since her consumer surplus is positive at 2 pounds.

first pound costs $1, and Janice is willing to pay $1.50, consumer surplus = $0.50

second pound costs $1, and Janice is willing to pay $1.14, consumer surplus = $0.14

3 0

2 years ago