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3 years ago

If a business pays rent in advance and debits a Prepaid Rent account, the company receiving the rent payment will credit

Business

1 answer:

Anton [14]3 years ago

6 0

Answer:

The correct answer is letter "C": Unearned Rent Revenue.

Explanation:

Unearned Revenues are advance payments that a company or individual receives for products and services that it has not yet manufactured or delivered. Unearned Revenue is also called advance payments or deferred revenue. On the company's Balance Sheet, unearned revenue is reported as a liability because it constitutes a debt owed to a client.

Thus,<em> if a company receives rent payment in advance, the amount received will be recorded as a credit to Unearned Rent Revenue.</em>

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The idea that managers tend to communicate more with other managers who share similar beliefs and experiences is indicative of w

Ghella [55]

Answer:

Horizontal Communication Line

Explanation:

Horizontal communication flows as the name implies is form of communication from managers who are on the same level in the organization. This type of trend of communication allows managers to interact with other managers without involving subordinates at the other different levels in the organization.

8 0

4 years ago

The Nolan Corporation finds it is necessary to determine its marginal cost of capital. Nolan’s current capital structure calls f

marishachu [46]

50% bro trust me it’s the right answer

7 0

3 years ago

Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions: 2019 2020

krok68 [10]

Answer:

return on sales = operating profit / net sales

Southwest 2019 = $875 / $14,675 = 5.96%

Southwest 2020 = $975 / $21,775 = 4.48%

Southwest 2021 = $1,125 / $25,775 = 4.36%

Midwest 2019 = $1,025 / $6,475 = 15.83%

Midwest 2020 = $1,375 / $6,775 = 20.3%

Midwest 2021 = $1,325 / $6,975 = 19%

Southeast 2019 = $775 / $12,175 = 6.37%

Southeast 2020 = $975 / $12,775 = 7.63%

Southeast 2021 = $1,375 / $13,075 = 10.52%

asset turnover = net sales / average total assets

Southwest 2019 = $14,675 / $13,775 = 1.07

Southwest 2020 = $21,775 / $13,975 = 1.56

Southwest 2021 = $25,775 / $16,575 = 1.56

Midwest 2019 = $6,475 / $4,475 = 1.45

Midwest 2020 = $6,775 / $3,975 = 1.7

Midwest 2021 = $6,975 / $3,975 = 1.75

Southeast 2019 = $12,175 / $5,075 = 2.4

Southeast 2020 = $12,775 / $5,375 = 2.38

Southeast 2021 = $13,075 / $5,375 = 2.43

return on investment = net income / cost of investment

Southwest 2019 = $875 / $13,775 = 6.35%

Southwest 2020 = $975 / $13,975 = 6.98%

Southwest 2021 = $1,125 / $16,575 = 6.79%

Midwest 2019 = $1,025 / $4,475 = 22.9%

Midwest 2020 = $1,375 / $3,975 = 34.59%

Midwest 2021 = $1,325 / $3,975 = 33.33%

Southeast 2019 = $775 / $5,075 = 15.27%

Southeast 2020 = $975 / $5,375 = 18.14%

Southeast 2021 = $1,375 / $5,375 = 25.58%

Explanation:

Revenue 2019 2020 2021

Southwest $ 14,675 $ 21,775 $ 25,775

Midwest 6,475 6,775 6,975

Southeast 12,175 12,775 13,075

Total $ 33,325 $ 41,325 $ 45,825

Net Operating Income 2019 2020 2021

Southwest $ 875 $ 975 $ 1,125

Midwest 1,025 1,375 1,325

Southeast 775 975 1,375

Total $ 2,675 $ 3,325 $ 3,825

Average Total Assets 2019 2020 2021

Southwest $ 13,775 $ 13,975 $ 16,575

Midwest 4,475 3,975 3,975

Southeast 5,075 5,375 5,375

Total $ 23,325 $ 23,325 $ 25,925

4 0

3 years ago

An example of a committed fixed cost at Bennett, Inc. is: Group of answer choices Property taxes on the factory building New pro

svp [43]

Property taxes on the factory building is an example of a committed fixed cost at Bennett, Inc.

<h3>What are committed fixed cost?</h3>

The costs necessary to maintain current production capacity are referred to as committed fixed costs or capacity costs. These expenses result from top managers' long-term choices regarding the scope and makeup of their firm.

committed fixed costs are essential for the efficient functioning of a business, and their absence may disrupt such operations, which could have a real effect on the organization.

For businesses, property taxes are a fixed expense. The taxes normally don't vary and are only adjusted for improvements in the value of the related asset or facility. However, property taxes typically remain constant from year to year.

To know more about fixed cost refer to: brainly.com/question/14597388

#SPJ4

6 0

2 years ago

Express Logistics provides the following information: Operating income $ 1 comma 600 comma 000 Net sales $ 13 comma 500 comma 0

pogonyaev

Answer:

Return on investment = 86.49 %

so correct option is B. 86.49%

Explanation:

given data

Operating income = $1,600,000

Net sales = $13,500,000

Average total assets = $1,850,000

target rate of return = 30%

to find out

company's return on investment

solution

we get here Return on investment that is express as

Return on investment = Operating income ÷ Average total assets .............1

put here value we get

Return on investment = $\frac{1,600,000}{1,850,000}$

Return on investment = 0.86486

Return on investment = 86.49 %

so correct option is B. 86.49%

7 0

4 years ago