Answer:
A. Rental insurance covers your personal belongings but not the building
Explanation:
RENTAL INSURANCE is a type of insurance that help to cover or replace a person or an individual personal belongings in the case of unforseen circumstances such as theft ,fire accident or damage to Property which may arise and on the second hand RENTAL INSURANCE does not cover damage to a person personal property that arise due to damage causes by natural disasters such as hurricanes as well as carpeting repair due to water heater leakage.
Lastly RENTAL INSURANCE does not cover the actual building reason been that it only landlord Insurance policy that covers the actual building which means that the correct statement regarding rental insurance is :Rental insurance covers your personal belongings but not the actual building.
Answer:
Dr Notes Payable account 600
Dr Interest Expense account 5
Cr Cash account 605
Explanation:
The total interest due = $600 x 10% x 1/12 =$5
Notes payable is a liability account and it decreases, so it should be debited.
All expenses are debited.
Cash is an asset account and it decreases, so it should be credited.
The most suitable mode of entry for Shiffon Electric into the European market will be through <u>acquisition</u>.
<h3>
What is an acquisition?</h3>
This is a business arrangement whereby a company purchases most or all of another company's shares to gain control of that company.
Thus, this business arrangement will allow Shiffon Electric Group to enter into the market effectively and have market share despite number of well-established incumbent enterprises.
Read more about acquisition
<em>brainly.com/question/24519774</em>
Answer:
bad debt expense 45,000 debit
account receivable 45,000 credit
--to record write-off of Leer account--
account receivable 45,000 debit
bad debt expense 45,000 credit
--to record recovery of Leer account--
cash 45,000 debit
account receivable 45,000 credit
--to record collectiong from Leer account--
Explanation:
As it applies direct method when a write-off occurs It decrease the A/R and declares the bad debt expense for the full amount.
If the account is recovered, we reverse the entry and proceed to record the collection like a normal entry.
Answer:
$22,592,593
Explanation:
For the computation of maximum initial cost first we need to follow some steps which are shown below:-
Let equity be 1 so debt = 1 × 0.80
= 0.80
weight of debt = 0.80 ÷ 1.8
= 0.44444
weight of equity = 1 ÷ 1.8
= 0.55556
Now
Cost of capital = (After tax cost of debt × Weight of debt) + (Cost of equity × Weight of equity)
= (5.1 × 0.44444) + (12.3 × 0.55556)
= 2.266644 + 6.833388
= 9.10 %
And,
Adjusted cost of capital is
= 9.1 + 1
= 10.1%
Maximum amount willing to pay = CF1 ÷ (Adjusted cost of capital -G)
= $1,830,000 ÷ (0.101 - 0.02)
= $1,830,000 ÷ 0.081
= $22,592,593