Answer and Explanation:
The adjusting entry is as followS:
Rent expense $2,500
To Prepaid rent $2,500
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
The rent for one month is
= $15,000 ÷ 6 months × 1 month
= $2,500
The knowledge that employees can typically learn only through experience is called Tacit knowledge. Unlike Explicit knowledge, Tacit knowledge is not easily communicated Often very difficult to explain how/why you have this knowledge.Explicit knowledge is relatively easily communicated knowledge; the kind of information you are likely to think about when you picture someone sitting down at a desk to learn.
Answer:
False
Explanation:
If an investment project can be repeated, i.e. its life cycle can be extended by reinvesting, the NPV of the project will change.
When considering two mutually exclusive projects, the NPV method should always be considered before the IRR as a means of evaluating which project should be carried out.
Answer:
A Debit to manufacturing overhead for $9,000
Explanation:
Based on the information given in a situation where the Corporation recently used the amount of $9,000 of indirect materials during the production activities which means that The journal entries that will reflect these transactions would include a DEBIT to MANUFACTURING OVERHEAD of the amount of $9,000 which is the amount of indirect materials that was used during the production activities
A debit to manufacturing overhead for $9,000
Answer:
Dividend paid = $0.64 x 158,000 = $101,120. The dividend paid reduces retained earnings by $101,120.
The correct answer is C
Explanation:
Dividend is paid out of profit after tax. This reduces the retained earnings of the company since dividend involves outflow of cash.
