Answer:
Rent expense debit and credit prepaid rent
Explanation:
Prepaid expense refers to those expenses that have been paid in advance before they are accrued. Some examples prepaid expenses are prepaid rent and prepaid insurance.
Prepaid expenses are debited and cash is credited at the time expenses are paid in advance. At the end of the year, adjustment entry is made when the expense expires. Following is the adjustment entry made at the end of the year:
Date Particulars Debit($) Credit($)
December Rent expense 45,600
31'2017 Prepaid expenses 45,600
(To record expired prepaid
rent)
Answer:
Hello There!!
Explanation:
It is a type of loan that's used to finance property.It is an agrement between the person that borrows it and the person that lends it
hope this helps,have a great day!!
~Pinky~
Answer:
The correct answer is $320.
Explanation:
According to the scenario, computation of the given data are as follows:
MSFT price at expiry (S_T) = $250
MSFT with strike (K) Contract 1 = $220
MSFT with strike (K) Contract 2 = $120
So, we can calculate the payoff by using following formula:
Payoff = [(Stock price at expiry (ST) - Strike price of $220)] + [(Stock price at expiry (ST) - Strike price of $120)]
BY putting the value, we get
Payoff = ($250 - $220) + ($250 - $120)
= $30 + $130
= $160
As there are 2 contracts, then
Total payoff = $160 × 2
= $320
Answer:
d.$74,000
Explanation:
The annual average investment is given by the average of the initial investment (144,000) and the scrap value (salvage value = 4,000)
The average investment amount is:
The annual average investment amount used to calculate the accounting rate of return is: d.$74,000
Answer:
The value added by Boeing is equal to:A)$3.5
Explanation:
Value added is the difference between the price of product or service and the cost of producing it.
Steel 3,0M
Computer 2,5M
Tools 1,0M
Value Add 3,5M
Boeing 10 M
