All categories

4 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]4 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.

You might be interested in

President jackson viewed the national bank as

zmey [24]

A) tool to help solve corrupt special interests. b) stabilizing force in the national economy. c) reasonable alternative to private and local banks. d) means of restoring

3 0

3 years ago

Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million

frez [133]

Answer:

273.75%

Explanation:

Note: Capital Gain distribution would be $50.25, NOT $.25 (typing mistake)

This is no-load MF. But there are other two types of MF (Mutual Funds).

If FL MF (Front Load Mutual Fund), investors pay something upfront when investing.

In BL MF (Back Load Mutual Fund), investors pay when exiting the MF.

Here, this is no load, so calulations are easier.

Now,

NAV (Net Asset Value) is the total assets divided by number of shares.

NAV beginning of year and NAV end of year. Total expense ratio will be adjusted from NAV, end of year.

NAV, beginning = 200 million / 10 million shares = $20

NAV, end = 250 - (0.01*250) / 11 million shares = $22.5

Now,

Rate of Return of the Fund = (NAV,end - NAV,beginning + Income Distribution + Capital Gain Distribution - Liabilities) / NAV, beginning

We have:

Rate of Return = ($22.5 - $20 + $2 + $50.25 - $0) / $20 = 2.7375

Converting to percentage:

2.7375 * 100 = 273.75%

5 0

3 years ago

Suppose that the increase in the fee from $8 to $16 reduces travel time in the central city from 30 minutes down to 20 minutes.

mart [117]

If your choices are the following:
a) $20
b) $12
c) $10
d) $8
<span>e) $5
</span>
Then the answer is letter e. 16-8 = 8 so this is the difference between the 10 minutes. So this means 8 is the best answer.

8 0

3 years ago

Read 2 more answers

What is Laissez faire ?

Zinaida [17]

We had it and lost it due to the concepts that people thought businesses had to much free reign to do what they wanted so the government started passing regulations de facto giving the freedom that businesses had and making it power for the government.

4 0

4 years ago

Read 2 more answers

Review how organizations interact with their external environment (as open systems and complex adaptive systems). How effective

Aliun [14]

Answer: Organizations with open systems exchange information and resources with their external environment. However, they manage to control these interactions by generating permeable boundaries which permit necessary exchange while being shielded from external disturbances. The interaction of the FBPS and the external environment as an open system during the closure of the Hampton and Culpeper campuses was poor and ineffective. The closure was considered abrupt to the families and the surrounding communities. The school denied intending to close following the leaked email, just to protect its administration from parents’ outrage. The school lacked healthy exchange of information with its external environment.

Complex adaptive systems refer to dynamic systems which are capable of evolving with and adapt in a changing environment . The FBPS system was surrounded by a number of changes shortly before its closure. The external environment was experiencing financial crisis, intense competition from public schools that are independently operated and chartered. The school was unable to keep up or to adapt to changes that were taking place. They gave in to competition, losing most of their students to their chartered public schools competitors.

Explanation:

8 0

4 years ago