Goodwell will recognize 3 months (Oct 1 - Dec 31) of rent revenue earned, and will reduce (debit) the unearned rent revenue for those 3 months.
2,500 x 3 months = 7,500
Journal Entry, Dec 31:
Unearned Rent Revenue: 7,500
Rent Revenue: 7,500
The new Unearned Rent Revenue Account balance will be:
12,500 - 7,500 = 5,000
Fixed expenses don't change (very often)
The biggest fixed expenses you'll have in college are tuition, room and board, as well as your car payment (if you have one), car insurance premiums (if you have a car), as well as your wireless plan and internet service.
Assuming the costs are normally distributed, then Z = (X-mu)/sigma
For piano Z= (3000-4000)/2500 = -0.4
For guitar Z= (550-500)/200 = 0.25
For drums set Z= (600-700)/100 = -1
Drums set < Piano < Guitar
Drums cost is lowest when compared to the instruments of same type
.
Guitar cost is highest when compared to the instruments of same type.
IRR function for this problem is 7. 7% and invest in the project
<h3>What is
IRR function?</h3>
The Excel IRR function returns the internal rate of return (IRR) for a sequence of cash flows that occur at regular intervals. Determine the internal rate of return. Return was calculated as a percentage. =IRR (values, [guess])
IRR is the interest rate at which the sum of all cash flows equals zero, thus it is useful for comparing one investment to another. In the preceding example, if we substitute 8% with 13.92%, the NPV becomes 0, and your IRR becomes zero. As a result, IRR is defined as the discount rate at which a project's NPV becomes zero.
To know more about IRR function follow the link:
brainly.com/question/24301559
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<span>D. A human resource
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