1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Porter Co. owned all of the voting common stock of Simi Corp. The corporations' balance sheets dated December 31, 2018, include
Katena32 [7]

Answer: $672,000

Explanation:

Porter sold land to Simi which means that their land balance reduces. Simi's however increases by the same amount. As Porter owned all the voting stock, the sale will be accounted for at the book value.

The Consolidated balance for land in 2020 will therefore be calculated as,

= (Porter land value - Sales price) + (Simi land value + Sales price)

= (416,000 - 65,000) + (256,000 + 65,000)

= 351,000 + 321,000

= $672,000

The book value of the Consolidated land will be $672,000 in 2020.

3 0
3 years ago
When you feel cold, you engage in behavior to reduce this unpleasant feeling, for example, by putting on your coat. This desire
insens350 [35]

This desire to reduce internal tension is a crucial aspect of the drive-reduction theory.

<h3 /><h3>What is drive-reduction theory?</h3>

It corresponds to a psychological theory developed by Clark Hull, who believed that individuals are motivated to meet their basic needs, which are psychological and physiological needs.

Therefore, a behavior to reduce the unpleasant sensation of cold would be a physiological motivation proposed by the drive-reduction theory.

Find out more about drive-reduction theory here:

brainly.com/question/12933887

#SPJ1

4 0
2 years ago
A manufacturing company applies factory overhead based on direct labor hours. at the beginning of the year, it estimated that fa
slamgirl [31]

Answer:

The amount of underapplied manufacturing overhead at the end of the year is $1200.

Explanation:

Total estimated $360,000/est

direct labour hours 45000 = $8x (Actual Dl hours) 47000

                                             = $376,000

Actual Overhead worked = $377,200 - $376,000

                                           = $1200 underapplied

Therefore, The amount of underapplied manufacturing overhead at the end of the year is $1200.

7 0
3 years ago
A year after she assisted Thomas Engineering in making changes to an employee incentive plan, Kara, an OD consultant, is visitin
Sergeeva-Olga [200]

Answer:

The answer is: Evaluation stage

Explanation:

The evaluation stage (or phase) of organizational development comprises evaluation and closure. At this phase the OD consultant should be able to measure how successful her plan was. She should also gain important information about what other key aspects should be improved and elaborate future action plans. Organizational development work is not static, it should continuously receive and process feedback in order to keep readjusting itself to keep improving.

5 0
3 years ago
When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its product
Andrej [43]

Answer:

Focus strategy.

Explanation:

Focus strategy is undertaken by a company to enter a narrow market or expand operations in such a market. The segment is specific and the business usually provides services that competitively meets customer needs.

Recognising that one market segment's needs are different from another one's is the basis for focus strategy. Resources will be used to meet and satisfy the unique needs of a target segment or niche. Involve a particular product line for example children clothing, detergents, lemon juice, children's shoes and so on.

6 0
3 years ago
Other questions:
  • An intoxicated guest asks for one last drink shortly after last fall, but the server already cashed out. Should the server bring
    11·1 answer
  • The current U.S. dollar-yen spot rate is 125¥/$. If the 90-day forward exchange rate is 127 ¥/$ then the yen is selling forward
    7·2 answers
  • A corporation that uses both debt and equity in its capital structure has concluded that the risk premium it must pay on its com
    12·1 answer
  • sysyster corp. has an ROE of 16 percent and a payout ratio of 24 percent. what is its sustainable growth rate?
    6·1 answer
  • Product differentiation is the process that firms use to make a product more attractive to potential customers. On which of the
    7·2 answers
  • On June 1, CamCo received a signed agreement to sell inventory for ¥500,000. The sale would take place in 90 days. CamCo immedia
    14·1 answer
  • Joe quits his computer programming job, where he was earning a salary of $50,000 per year, to start his own computer software bu
    14·1 answer
  • 1) Suppose at market opening on 10/24/2019, the market expects the bond that matures in 2034 ("the longer-term bond") to provide
    9·1 answer
  • Rosita purchased 300 shares of a stock for $37 a share. Today, the stock is selling for $41 a share. The initial margin requirem
    5·1 answer
  • Shimada Products Corporation of Japan plans to introduce a new electronic component to the market at a target selling price of $
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!