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jeyben [28]
3 years ago
8

Long Beach, Inc., a lessor, charges Applewood Corp., a lessee, a $10,500 nonrefundable fee to enter into a five-year operating l

ease. The lease is effective on January 1, 2016. It provides for monthly rental of $2,400. In Applewood's income statement for the year ended June 30, 2016, rent expense should be
Business
1 answer:
N76 [4]3 years ago
7 0

Answer:

Rent expense= $30,900

Explanation:

Non-refundable fee expense for year 2016 = $10,500 / 5

Non-refundable fee expense for year 2016 = $2,100

Annual rent expenses = Monthly rental * 12 month

Annual rent expenses = $2,400 * 12

Annual rent expenses = $28,800

Rent expense for year ended June 30, 2016 = Annual rent expense + Non-refundable fee expense for the year

Rent expense  = $28,800 + $2,100

Rent expense = $30,900

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Which of the following demand data exhibit(s) a seasonality pattern?
Luba_88 [7]

Answer:

b. Electricity usage over a 24 hour period

Explanation:

Seasonality pattern of demand refers to the want or desire for a good which fluctuates as per the seasonal requirements. For example the demand for air conditioners is most during summers and almost nil during winters.

In the given case, Electricity represents seasonal demand in the sense that during day time, when several tasks are to be performed which are dependent on electricity, the usage is most and such usage falls as one moves towards the evening.

Thus, electricity usage over a 24 hour period represents seasonality pattern of demand.

6 0
4 years ago
DW has an ending Retained Earnings balance of $51,600. If during the year DW paid dividends of $4,100 and had net income of $21,
VikaD [51]

Answer:

$34,600

Explanation:

The computation of beginning retained earnings balance is seen below:

But we know that;

Ending balance of retained earnings = Beginning balance of retained earnings + Net income - Dividend paid

$51,600 = Beginning retained earnings + $21,100 - $4,100

Beginning retained earnings = $51,600 - $21,100 + $4,100

Beginning retained earnings = $34,600

4 0
3 years ago
Because of their high water requirements and tropical origin, it is best to plant citrus in lawns where overhead sprinklers irri
dem82 [27]

Answer:

1.

Explanation:

IT WOULD BE GOOD TO PLANT CITRUS IN THE AREA WHERE AVALIABILITY OF SPRINKLERS IS AMPLE.

THEREFORE,THE ROOTS OF THE PLANTS WOULD GET AMPLE OF WATER FOR THE GROWTH OF PLANT.

4 0
3 years ago
Whats the difference between elastic and inelastic in business
Masteriza [31]

Answer:

Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.

Explanation:

Hope this helps

From,

1kvibing

8 0
3 years ago
Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theorie
Anestetic [448]

Explanation:

In Marcelle's case she is affected by Cyclical unemployment unemployment which arises when people lose their jobs as a result of <em>market contraction</em> or downturn in aggregate demand in the economy.

Dominic's cause of unemployment is called voluntary unemployment,  which occurs when an individual decides to leave his job to seek another job elsewhere. Often times this individuals feel that they may get better compensation or wages in <em>another</em> location.

Francine has just experienced Seasonal unemployment which occurs when an individual is unemployed because the industry in which they work only render services in certain times of the year such as summer or winter.

Beauvoir has been affected by structural unemployment, which happens when an individual becomes unemployed because the company decides to change the structure of it's labor force, eg from manual labor to digitalization of the work environment.

<u>Therefore, all individuals </u><u>except</u><u> Dominic is qualified for unemployment benefits, because Dominic decided to quit his job not due to reasons beyond his control, like a layoff. </u>

6 0
3 years ago
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