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NeTakaya
3 years ago
10

A company has an operating lease for its office space. The lease term is 120 months and requires monthly rent of $15,000. As an

incentive for the company to enter into the lease, the lessor granted the first eight months' rent at no cost. What amount of monthly rent expense should be recognized over the life of the lease?
a) $14,000
b) $14,062
c) $15,000
d) $16,072
Business
1 answer:
zhannawk [14.2K]3 years ago
4 0

Answer:

d) $16,072

Explanation:

Rent for the first eight months being 8 x 15000 = 120000 shall be shared to the remaining 112 months.

Hence $1072(120000/112) shall be added to each remaining month. Therefore a monthly rent of $16, 072(15000+1072) shall be recognized.

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Which of the following items would be subtracted from net income when reporting cash flows from operating activities, using the
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Answer:

The correct answer is Increase in accounts payable and unearned fees.

Explanation:

An account payable consists of a debt incurred by the company directly related to the economic activity of the company. An account payable is a debtor account in a company and indicates that it has to pay its suppliers (or other creditors).

The amounts that are accounted for as accounts payable come from the purchase of goods or services in terms of credit. So, accounts payable are similar to credits with the difference that banks are not involved.

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3 years ago
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2 years ago
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A list of n items is arranged in random order; to find a requested item, they are searched sequentially until the desired item is
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<span>n/2 = average number of items to search. Or more precisely (n+1)/2 I could just assert that the answer is n/2, but instead I'll prove it. Since each item has the same probability of being searched for, I'll simulate performing n searches on a list of n items and then calculate the average length of the searches. So I'll have 1 search with a length of 1, another search looks at 2, next search is 3, and so forth and so on until I have the nth search looking at n items. The total number of items looked at for those n searches will be: 1 + 2 + 3 + 4 + ... + n Now if you want to find the sum of numbers from 1 to n, the formula turns out to be n(n+1)/2 And of course, the average will be that sum divided by n. So we have (n(n+1)/2)/n = (n+1)/2 = n/2 + 1/2 Most people will ignore that constant figure of 1/2 and simply say that if you're doing a linear search of an unsorted list, on average, you'll have to look at half of the list.</span>
6 0
3 years ago
The assessed value for your buyer clients' new purchase is $209,000. They feel they got a great deal since they're purchasing th
svlad2 [7]

Answer:

Monthly tax amount = $90.57 (Approx)

Explanation:

Given:

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Rate = 0.52%

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4 0
3 years ago
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
nignag [31]

Answer:

Sep 6 Debit inventory $ 1740, Credit Accounts payable $1740

Sep 9 Debit inventory $40 , Credit freight expense $40

Sep 10 Debit Accounts payable $56, Credit inventory $56

Sep 12 Debit Accounts receivable $650, Credit Revenues $650

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Sep 14 Debit Sales return $45, Credit Accounts Receivable $45

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Explanation:

The Question is incomplete but its nature shows that it requires journal entries for The Sep month transactions.

4 0
3 years ago
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