1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka2103 [35]
4 years ago
7

At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

Business
2 answers:
Soloha48 [4]4 years ago
5 0
The correct answer to your questions is "Assets will be decreased."
NemiM [27]4 years ago
4 0
At the end of the year the item of the prepaid rent which included in the current assets would be decreased by 12 months rent of the year and would be shown the balance of 6 months rent for the coming year
You might be interested in
Wally is employed as an executive with Pay More Incorporated. To entice Wally to work for Pay More, the corporation loaned him $
posledela

Answer:

Paymore: 2400 Wally: 2200

Explanation:

6 0
3 years ago
Which of the following is of paramount concern when screening and selecting potential group members?​ a. The ability to be integ
Fittoniya [83]

Answer:

d. The risk of lack of follow-through after selection

Explanation:

As rigorous as the process of selection might be, there is a greater risk of a lack of follow-through after selection.

When working in a team, the following are expected: genuine commitment, flexibility, being reliable, prompt communication, fast adaptability, and lastly among others, being positive.

5 0
3 years ago
Sales revenue $440,000 Advertising expense 60,000 Interest expense 10,000 Salaries expense 55,000 Utilities expense 25,000 Incom
Sever21 [200]

Answer:

Lake's operating income is $120000

Explanation:

Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.

The formula for operating income = Sales - Cost of Sales - operating expenses.

The operating expenses here, are = Advertising + Salaries + Utilities

Thus, operating expenses = 60000 + 55000 + 25000 = $140000

The Operating Income = 440000 - 180000 - 140000 = $120000

8 0
3 years ago
Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simp
Ganezh [65]

Answer:

X = 32

Y = 96

Explanation:

Z = 5%

Z = (0.04X + 0.08Y) / (X + Y)

we can substitute Z:

0.05 = (0.04X + 0.08Y) / (X + Y)

0.05 (X + Y) = 0.04X + 0.08Y

0.05X + 0.05Y = 0.04X + 0.08Y

0.01X = 0.03Y

X = 0.03Y / 0.01 = 3Y

This means that we must choose one value for Y that divided by 3 equals another option:

the only possibility that fits the equation is:

  • X = 32
  • Y = 96
4 0
4 years ago
If the supply of a product increases, thena. more will be purchased at the same priceb. the price of the product must have decli
enyata [817]

Answer: The price of the product must have declined.

Explanation: If the supply for a product increases the supply curve shifts down to the right. With demand for the product unchanged, this will lead to a decline in the price of the product and an increase in quantity.

As can be seen in the figure, Supply curve shifts from S0 to S1, and price falls from P0 to P1.

8 0
3 years ago
Other questions:
  • A person has a comparative advantage in an activity whenever he or she can do everything better than anyone else. can perform th
    12·1 answer
  • Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 40,000 parts is $138,
    6·1 answer
  • Which of the following lies primarily within the realm of microeconomics? Question 30 options: ​an empirical analysis of the rel
    7·1 answer
  • The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and
    10·1 answer
  • At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit bala
    8·1 answer
  • Eugene and Velma are married. For 2020, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate retur
    15·1 answer
  • Tetradic Solutions has been making purchases from Ribbon, Inc., for the last three years. Every three months, it makes the same
    12·1 answer
  • The equation describes the value of an investment after years. For the investment, give the initial value, the continuous growth
    13·1 answer
  • Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over years or as a​ lu
    11·1 answer
  • fsa what percentage of your gross salary does the consumer financial protection bureau suggest your student loan payment be in o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!