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3 years ago

Pilot Company pays for two years of rent in advance. Recording this transaction would include a debit to:______.

Business

1 answer:

Zarrin [17]3 years ago

6 0

Answer:

prepaid rent

Explanation:

From the question we were informed about how a Pilot Company pays for two years of rent in advance.

Incase of Recording this transaction, it would include a debit to prepaid rent

debit to prepaid rent is one of the journal entry for prepaid rent, and a prepaid rent is usually pen down as asset and it gives the rent expenses in future time , since the Pilot Company pays for two years of rent in advance,debit to prepaid rent must be included when recording the transaction.

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common lit capataliasmn-Which phrase best describes the relarionship between workers and bussiness owners in capatalists cociety

vesna_86 [32]

Answer:

In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.

Explanation:

5 0

3 years ago

Simon Corporation manufactures hydraulic valves. The product life of a valve is 4 years. Target average profit margin for Simon

Luda [366]

Answer:

Allowable unit cost of a hydraulic valve using the target costing model = 52.4

Explanation:

Given that:

Simon Corporation manufactures hydraulic valves. The product life of a valve is 4 years.

Target average profit margin for Simon 20.00%

The company does not expect the manufacturing cost to vary over the next 4 years

Estimated sales volume and the unit selling price of the valve for the next 4 years is given below:

Year Sales volume (units) Unit selling price

Year 1 40,000 $80.00

Year 2 50,000 $75.00

Year 3 35,000 $50.00

Year 4 25,000 $45.00

The objective is to determine the allowable unit cost of a hydraulic valve using the target costing model.

The Cost for each unit selling price can be calculated as:

= unit selling price - (Target average profit margin × unit selling price)

For Year 1

= $80.00- (0.2 × $80.00)

= $80.00 - $16.00

= $64.00

For Year 2

= $75.00 - ( 0.2 × $75.00)

= $75.00 - ( $15.00)

= $60.00

Year 3

= $50.00 - (0.2× $50.00)

= $50.00 - $10.00

= $40.00

Year 4

= $45.00 - (0.2 × $45.00)

=$45.00 - $9.00

= $36.00

Year Sales volume Unit Cost Cost per Unit

(units) selling price

Year 1 40,000 $80.00 $64.00 $2560000

Year 2 50,000 $75.00 $60.00 $3000000

Year 3 35,000 $50.00 $40.00 $1400000

Year 4 25,000 $45.00 $36.00 $900000

Total: 150000 $7860000

Allowable unit cost = Total cost/Total number of unit cost

Allowable unit cost = $7860000/150000

Allowable unit cost = 52.4

6 0

3 years ago

If South Dakota's governor reports a budget surplus in 2011, that state government likely:

poizon [28]

The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year

Explanation:

Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year

Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent

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3 years ago

Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct d

galina1969 [7]

Answer:

-35 percent will reduce tax revenues.

-48 percent will reduce tax revenues.

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2 years ago

When there is no room for growth within a company, an employee cannot __________. a. Be promoted to new positions horizontally b

Sholpan [36]

D. be promoted vertically to new positions

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2 years ago