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
Feliz [49]
3 years ago
9

Brad operates a storage business on the accrual method. On July 1 Brad paid $48,000 for rent on his storage warehouse and $18,00

0 for insurance on the contents of the warehouse. The rent and insurance covers the next 12 months. What is Brad's deduction for the rent and insurance?
A. $48,000 for the rent and $18,000 for the insurance.B. $24,000 for the rent and $18,000 for the insurance.C. $24,000 for the rent and $9,000 for the insurance.D. $48,000 for the rent and $9,000 for the insurance.E. None of these is true.
Mathematics
1 answer:
weqwewe [10]3 years ago
7 0

Answer:

B. $24,000 for the rent and $18,000 for the insurance.

Step-by-step explanation:

Accrual method is a way of recording accounting transactions for revenue based on the time when they are earned and when the expenses are incurred.

Here, in the given scenario, $24,000 is accrued or $2000 per month is accrued.

The payment for insurance or rent spans for 2 time periods. That is six  months this year and six months next year.

We know that insurance is a type of payment liability and accrues only when its paid.

So, he answer here will be option B.

You might be interested in
The table shows the number of cups of water required when cooking different amounts of rice​
Ad libitum [116K]
Please explain more your question
3 0
2 years ago
Given: N is the midpoint of LQ,
nlexa [21]

Answer:

6. SAS Postulate

5. ASA Postulate

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
Gillian earns $7.50 an hour babysitting on the weekends.Last week she babysat for 2.2 hours on Saturday and 3.5 hours on Sunday.
Musya8 [376]

Total hours= 2.2+3.5=5.7

Total earned = 5.7 x $7.50= $42.75

8 0
3 years ago
The question is in the picture. will give brainilist.​
Nuetrik [128]

Answer:

y=2/5x-15

Step-by-step explanation:

y-y=m(x-x¹)

y-(-11)=2/5(x-10)

y+11=2/5x-4

-11 -11

y=2/5x-15

3 0
2 years ago
Solve for x:
mariarad [96]

Answer:The value of x can be calculated by the following steps;

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • Make a box-and-whisker plot to represent the data set. video game prices: $29$29$50$39$45$20$40
    10·1 answer
  • What is the word phrase for v-4
    15·1 answer
  • I am a witch and I'll hex you if you don't know but answer to get the points
    10·2 answers
  • Please help I am very confused!!!!!!!!!
    12·2 answers
  • 3x + 21 6x - 60 find the two angles measure from the diagram answers 78,102 78,78 or 102,102​
    12·2 answers
  • Can anyone tell me how to solve x+62234*345x+546? Thanks! I will be doing brainliest answer too.
    10·1 answer
  • H(n)=-2n(2)+4; Find h(4)
    11·1 answer
  • What is the solution to the equation 3 over 1⁄2 plus P. equals 5 over 1⁄4​
    7·1 answer
  • At the rate shown in the table, how many weeks did it take to sell 700 books? [Type your answer as a number.]
    5·2 answers
  • What is 4.239 rounded to the neareast hundreth
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!