Answer:
The monthly payment amount is 594 dollars
Answer:
Debit to Rent Expense for $700
Explanation:
When the company paid $1,200 in advance for 12 months of rent, the monthly amount is $100 [$1,200 ÷ 12 months]. After seven months have passed, the prepaid rent that has expired is $700 [$100 × 7 months].
When the rent was prepaid, the resulting journal entry was:
(DR) Prepaid Rent, $1,200
(CR) Cash, $1,200
To expire seven months of prepaid rent, the resulting journal entry is:
(DR) Rent Expense, $700
(CR) Prepaid Rent, $700
Answer:
For the Phoenix MBA the more suitable social network is Linkedin.
Explanation:
Even though it is true that one of the criteria could be disposable income to pay the program, it is also true that other elements beside income could motivate visitors to undertake an MBA. In this case, people with the interest of progress faster in their careers, worry about their professional profile, and with the ambition to increase faster the annual salary. These behaviors usually are more easily to find in professional social networks like Linkedin, because the people who use this social network has a real concern about the professional career
Answer:
B. Consolidated gross profit
Explanation:
When businesses are said to be involved, gross profits in business is simply revenue from sales minus the costs to achieve those sales. In several cases, some people might say sales minus the cost of goods sold. It tells you how much money a company would have made if it didn’t pay any other expenses such as salary, water, electricity, income taxes, copy paper, rent and so forth for its employees. It's calculation is simple and done by subtracting cost of the goods sold from revenue. That is:
Gross Profit = Total Revenue - Cost of Goods Sold (COGS).
