Answer: $7,000
Explanation:
As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.
Department One occupies 2,400 square feet of that space.
Calculating the proportion it occupies is,
= 2,400/12,000
= 20%
Since it occupied 20% of the total space then it should be charged 20% of the rent bill.
= 20% * 35,000
= $7,000
Department One should be charged rent expense for the period of $7,000.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.
We need to sum each cash flow until the total initial investment is paid:
Number of years= 100,000,000/16,000,000= 6.25 years
To be exact:
0.25*365= 95 days
It will take 6 years and 95 days to recover the initial investment.
The effect of the decrease in the price of the guitars illustrates an elastic demand.
<h3>What does the price change illustrate?</h3>
The first step is to determine the percentage change in the price of the guitars.
Percentage change in price = (2499 / 2699) - 1 = -0.074 = -7.4%
Now, determine the price elasticity of demand =30 / -7.4% = -4.1
The coefficient of elasticity is greater than 1 in absolute terms, thus the demand is elastic.
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
#SPJ1
In condition if a union is existing in a firm that has an open shop arrangement, workforce may link the union if they desire but they are not compulsory to join or pay a union charge in order to keep their occupations. In an open shop agreement, union membership is intended for new and current employees. Individuals who do not join the union do not have to recompense union fees but few union arrangements are of this kind and it is an agreement in right to work states that provides workers the choice to join or not join a union, if one happens in their workplace. Right to work laws is a government that gives workers the right under an open shop arrangement to join or not join a union if it is current.
