Answer:
Explanation:
The adjusted journal entry is shown below:
Unearned rent revenue A/c Dr
To Rent revenue A/c
(Being the adjusted entry of rent is recorded)
The computation of the rent revenue is shown below:
= Received amount × number of months ÷ (total number of months in a year)
= $32,400 × (5 months ÷ 12 months)
= $13,500
The 5 months is calculated from August 1 to December 31
False , your not permitted to spend the money unless you need to do so.
Answer:
1. true
Explanation:
When a project goes from one stage to another, a company usually has to commit more money to the project. As a result of this, it is very important that there is a management review after each phase of the project is completed. This will help to ensure evaluation of the project's progress as well as ensure compliance with the goals of the organization for which the project was set in motion.
Cheers.
Answer:
The answer is that both should be classified as current asset.
Explanation:
The asset and the liability will be classified as current assets on the firm's balance sheet.
Current assets are assets that can be converted to cash or be sold within a year. Examples are cash and cash equivalents, accounts receivable, inventory etc.
- The 270-day commercial paper is a cash-equivalent item. The maturity is 270 days which is less than 360 days(a year). This will be converted to cash in 270 days.
- The liability here is held for trading purposes and the position is short, meaning the firm has the intention of selling the security(common stock) within a year.
The problem is
missing some parts but nevertheless here is the solution:
Given:
Mean is 28
Standard deviation is 5
So we denote the problem as x <= 2
For X ~ N (28, 5^2)
we are looking for the percentage:
P{X>24} = P {Z>z}
Where z = (24-28)/5 =
4/5 = - 0.80.
P {Z> -0.80} = 1 - P{Z< -0.80} = 1 - 0.2119.
Or in percentage, it is replaced as P{Z< -0.80} = 0.2119,
21.19%.