Answer: $324,000
Explanation:
Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.
The rent will therefore have to be apportioned to the months that it has paid for in the current period.
Rent for year = $432,000
Rent for month = 432,000/12 = $36,000
April - December = 9 months
Rent for the year = 9 * 36,000
= $324,000
Note; <em>Question is about Rent expense which is how much Cedar Corp has paid not about how much they have received. </em>
The primary concerns when first starting your business are: financing and planning
Answer:
Direct material price variance= $400 favorable
Explanation:
Giving the following information:
Actual quantity purchased 200 units
Actual price paid $8 per unit
Standard price $10 per unit
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (10 - 8)*200
Direct material price variance= $400 favorable
Answer:
A. Licensing
Explanation:
-Licensing is an agreement in which a company allows another one to use its property in a specific market during a certain period of time.
-Franchising is when a company allows someone else to start a business using its ideas, concepts or processes and sell its products under the company's name.
-Foreign direct invesment is when an organization has a company in another country.
-Foreign subsidiary is when a company is part of another one that is located in a different country.
According to this, this is an example of licensing because Mountain Stream Brewery made an agreement with a local firm to allow it to sell its beer in a foreign market.
$4,535 amount should be debited to bad debt expense.
<h3>What is
bad debt expense?</h3>
When a receivable is no longer recoverable because a customer is unable to fulfill their responsibility to pay an outstanding debt owing to bankruptcy or other financial troubles, a bad debt expense is reported.
Big Store stops paying its debts and fails to reimburse Company XYZ for $100,000 in items. Because the company is not convinced that Big Store will ever pay, the $100,000 is classified as a bad debt.
Because it reduces the amount of an asset, in this case accounts receivable, an allowance for doubtful accounts is considered a "counter asset."
As the amount is not a liability, bad debts are an expense to the business.
To know more about bad debt expense follow the link:
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